DLocal Limited (DLO) Financial Ratios
7 years of historical data (2019–2025) · Technology · Software - Infrastructure
EV/EBITDA
↓
12.03
↓-71% vs avg
5yr avg: 41.69
30Y Low14.2·High30.1
P/FCF
↓
8.59
↓-85% vs avg
5yr avg: 57.76
30Y Low9.9·High174.1
P/B Ratio
↓
6.39
↓-58% vs avg
5yr avg: 15.04
30Y Low7.0·High37.6
ROE
↓
37.2%
↓+5% vs avg
5yr avg: 35.5%
30Y Low26%·High81%
Debt/EBITDA
↑
0.36
↑+111% vs avg
5yr avg: 0.17
30Y Low0.0·High0.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DLO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
DLocal Limited trades at 18.4x earnings, 65% below its 5-year average of 53.1x, sitting at the 0th percentile of its historical range. Compared to the Technology sector median P/E of 28.6x, the stock trades at a discount of 36%. On a free-cash-flow basis, the stock trades at 8.6x P/FCF, 85% below the 5-year average of 57.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.6B | $4.2B | $3.4B | $5.4B | $4.6B | $10.5B | — | — |
| Enterprise Value | $3.0B | $3.5B | $3.3B | $5.1B | $4.1B | $10.3B | — | — |
| P/E Ratio → | 18.42 | 21.10 | 28.87 | 36.10 | 42.08 | 137.27 | — | — |
| P/S Ratio | 3.31 | 3.81 | 4.61 | 8.24 | 11.00 | 43.13 | — | — |
| P/B Ratio | 6.39 | 7.32 | 7.03 | 11.78 | 11.53 | 37.57 | — | — |
| P/FCF | 8.59 | 9.89 | — | 19.47 | 27.56 | 174.13 | — | — |
| P/OCF | 8.54 | 9.83 | — | 18.26 | 27.40 | 97.06 | — | — |
P/E links to full P/E history page with 30-year chart
DLO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
DLocal Limited's enterprise value stands at 12.0x EBITDA, 71% below its 5-year average of 41.7x. The Technology sector median is 16.3x, placing the stock at a 26% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.23 | 4.43 | 7.90 | 9.79 | 42.24 | — | — |
| EV / EBITDA | 12.03 | 14.24 | 20.91 | 26.79 | 30.14 | 116.39 | — | — |
| EV / EBIT | 13.45 | 15.45 | 21.79 | 28.70 | 34.05 | 120.39 | — | — |
| EV / FCF | — | 8.38 | — | 18.68 | 24.52 | 170.51 | — | — |
DLO Profitability
Margins and return-on-capital ratios measuring operating efficiency
DLocal Limited earns an operating margin of 20.3%. Operating margins have compressed from 27.6% to 20.3% over the past 3 years, signaling potential cost pressures or competitive headwinds. Return on equity of 37.2% is exceptionally high. ROIC of 115.2% represents excellent returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.8% | 36.8% | 39.5% | 42.6% | 48.3% | 53.4% | 57.7% | 64.9% |
| Operating Margin | 20.3% | 20.3% | 18.8% | 27.6% | 30.5% | 34.3% | 29.7% | 31.8% |
| Net Profit Margin | 18.0% | 18.0% | 16.1% | 22.9% | 25.9% | 31.9% | 27.1% | 28.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 37.2% | 37.2% | 25.5% | 34.9% | 32.0% | 47.9% | 81.0% | 63.6% |
| ROA | 14.5% | 14.5% | 10.7% | 15.6% | 15.4% | 19.9% | 20.1% | 19.6% |
| ROIC | 115.2% | 115.2% | 35.7% | 210.4% | — | 199.9% | 236.5% | 73.0% |
| ROCE | 41.6% | 41.6% | 29.5% | 41.6% | 37.1% | 50.8% | 88.3% | 71.0% |
DLO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
DLocal Limited carries a Debt/EBITDA ratio of 0.4x, which is very conservative (88% below the sector average of 2.9x). The company holds a net cash position — cash of $725M exceeds total debt of $90M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 10.9x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.16 | 0.16 | 0.11 | 0.01 | 0.01 | 0.03 | 0.00 | 0.02 |
| Debt / EBITDA | 0.36 | 0.36 | 0.34 | 0.02 | 0.03 | 0.10 | 0.01 | 0.02 |
| Net Debt / Equity | — | -1.11 | -0.28 | -0.48 | -1.27 | -0.78 | -0.96 | -0.26 |
| Net Debt / EBITDA | -2.56 | -2.56 | -0.85 | -1.14 | -3.73 | -2.47 | -1.36 | -0.36 |
| Debt / FCF | — | -1.50 | — | -0.80 | -3.04 | -3.62 | -0.51 | -0.22 |
| Interest Coverage | 10.94 | 10.94 | 3.05 | 2.02 | 680.56 | 157.43 | 469.22 | 595.10 |
Net cash position: cash ($725M) exceeds total debt ($90M)
DLO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.47x means DLocal Limited can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.63x to 1.47x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.47 | 1.47 | 1.58 | 1.63 | 1.82 | 1.77 | 1.26 | 1.41 |
| Quick Ratio | 1.47 | 1.47 | 1.58 | 1.63 | 1.82 | 1.77 | 1.26 | 1.41 |
| Cash Ratio | 0.85 | 0.85 | 0.49 | 0.52 | 1.22 | 0.77 | 0.34 | 0.41 |
| Asset Turnover | — | 0.71 | 0.64 | 0.60 | 0.51 | 0.42 | 0.52 | 0.69 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 190.92 | 223.69 | 179.29 | 209.50 | 267.45 | 235.56 | 161.36 |
DLO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
DLocal Limited returns 4.1% to shareholders annually primarily through dividends. The payout ratio of 76.2% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 5.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.1% | 3.6% | — | — | — | — | — | — |
| Payout Ratio | 76.2% | 76.2% | — | — | — | — | 53.2% | 64.1% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.4% | 4.7% | 3.5% | 2.8% | 2.4% | 0.7% | — | — |
| FCF Yield | 11.6% | 10.1% | — | 5.1% | 3.6% | 0.6% | — | — |
| Buyback Yield | 0.0% | 0.0% | 2.9% | 1.8% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 4.1% | 3.6% | 2.9% | 1.8% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $295M | $305M | $303M | $296M | $295M | $293M | $293M |
Peer Comparison
Compare DLO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 DLOYou | $4B | 18.4 | 12.0 | 8.6 | 36.8% | 20.3% | 37.2% | 115.2% | 0.4 |
 FLYW | $2B | 153.5 | 45.1 | 20.4 | 61.4% | 1.8% | 1.6% | 2.1% | — |
 RELY | $5B | 70.1 | 39.9 | 15.5 | 57.1% | 5.0% | 8.9% | 14.2% | 2.1 |
 PAYO | $2B | 37.1 | 10.6 | 11.4 | 78.1% | 11.8% | 10.2% | 30.7% | 0.4 |
 EVTC | $2B | 11.9 | 7.9 | 12.0 | 49.7% | 20.0% | 23.0% | 10.2% | 3.7 |
 WEX | $5B | 15.7 | 8.5 | 14.7 | 54.9% | 25.4% | 22.3% | 9.6% | 4.8 |
 RPAY | $280M | -1.1 | 6.7 | 3.1 | 75.0% | -3.9% | -40.9% | -1.0% | 4.9 |
 FOUR | $3B | 40.5 | 8.5 | 6.1 | 34.2% | 8.4% | 8.0% | 6.3% | 5.9 |
 PAGS | $3B | 6.5 | 6.1 | 8.4 | 50.6% | 37.5% | 14.2% | 9.8% | 4.9 |
 STNE | $3B | 6.7 | 3.2 | — | 76.2% | 51.4% | 19.6% | 24.7% | 2.1 |
 V | $634B | 32.4 | 25.3 | 29.4 | 80.4% | 60.0% | 52.1% | 29.2% | 1.0 |
| Technology Median | — | 28.6 | 16.3 | 18.7 | 49.1% | -0.2% | 1.8% | 2.6% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 7 years · Updated daily
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DLO — Frequently Asked Questions
Quick answers to the most common questions about buying DLO stock.
What is DLocal Limited's P/E ratio?
DLocal Limited's current P/E ratio is 18.4x. The historical average is 53.1x.
What is DLocal Limited's EV/EBITDA?
DLocal Limited's current EV/EBITDA is 12.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 23.0x.
What is DLocal Limited's ROE?
DLocal Limited's return on equity (ROE) is 37.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 46.0%.
Is DLO stock overvalued?
Based on historical data, DLocal Limited is trading at a P/E of 18.4x. Compare with industry peers and growth rates for a complete picture.
What is DLocal Limited's dividend yield?
DLocal Limited's current dividend yield is 4.12% with a payout ratio of 76.2%.
What are DLocal Limited's profit margins?
DLocal Limited has 36.8% gross margin and 20.3% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does DLocal Limited have?
DLocal Limited's Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.