DLOCAL LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 14.36 USD | +0.56% |
|
-1.31% | -18.82% |
| Mar. 21 | DLocal to Provide Ebury Customers With Reliable Payment Options Across Africa's Largest Markets | MT |
| Mar. 21 | Barclays Adjusts Price Target on DLocal to $17 From $18, Keeps Equalweight Rating | MT |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 10,530 | 4,608 | 5,122 | 4,147 | - | - |
| Enterprise Value (EV) 1 | 10,202 | 4,144 | 4,590 | 3,236 | 3,044 | 2,410 |
| P/E ratio | 143 x | 44.5 x | 36.1 x | 25.2 x | 17.3 x | 13.8 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 43.1 x | 11 x | 7.88 x | 4.67 x | 3.54 x | 2.74 x |
| EV / Revenue | 41.8 x | 9.89 x | 7.06 x | 3.64 x | 2.6 x | 1.59 x |
| EV / EBITDA | 103 x | 27.1 x | 22.7 x | 13.5 x | 8.87 x | 5.41 x |
| EV / FCF | 169 x | 29.2 x | 16.7 x | -809 x | 18.9 x | - |
| FCF Yield | 0.59% | 3.43% | 6% | -0.12% | 5.3% | - |
| Price to Book | 37.6 x | - | - | 6.75 x | 4.59 x | 3.39 x |
| Nbr of stocks (in thousands) | 295,028 | 295,985 | 289,558 | 288,820 | - | - |
| Reference price 2 | 35.69 | 15.57 | 17.69 | 14.36 | 14.36 | 14.36 |
| Announcement Date | 3/14/22 | 4/5/23 | 3/18/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 244.1 | 418.9 | 650.4 | 888.9 | 1,171 | 1,516 |
| EBITDA 1 | - | 99.16 | 153.1 | 202.3 | 239.5 | 343.2 | 445.1 |
| EBIT 1 | - | 83.84 | 127.9 | 179.7 | 206.7 | 290.1 | 378.9 |
| Operating Margin | - | 34.34% | 30.53% | 27.62% | 23.25% | 24.76% | 24.99% |
| Earnings before Tax (EBT) 1 | - | 85.5 | 120.3 | 178.5 | 206.2 | 291.2 | 379.6 |
| Net income 1 | 28.18 | 77.88 | 108.7 | 149 | 169.5 | 245.3 | 314.5 |
| Net margin | - | 31.9% | 25.94% | 22.91% | 19.07% | 20.94% | 20.74% |
| EPS 2 | 0.000200 | 0.2500 | 0.3500 | 0.4900 | 0.5704 | 0.8286 | 1.038 |
| Free Cash Flow 1 | - | 60.47 | 142.1 | 275.2 | -4 | 161.5 | - |
| FCF margin | - | 24.77% | 33.92% | 42.32% | -0.45% | 13.79% | - |
| FCF Conversion (EBITDA) | - | 60.98% | 92.83% | 136.03% | - | 47.06% | - |
| FCF Conversion (Net income) | - | 77.65% | 130.75% | 184.76% | - | 65.85% | - |
| Dividend per Share 2 | - | - | - | - | - | - | - |
| Announcement Date | 4/13/21 | 3/14/22 | 4/5/23 | 3/18/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 68.65 | 76.26 | 87.45 | 101.2 | 111.9 | 118.4 | 137.3 | 161.1 | 163.9 | 188 | 190.9 | 214.9 | 228 | 246.4 | 237.4 |
| EBITDA 1 | 26.32 | 29.07 | 32.86 | 38.18 | 41.62 | 40.41 | 45.48 | 52.04 | 55.58 | 49.23 | 49.13 | 56.37 | 61.1 | 72.1 | - |
| EBIT 1 | 21.57 | 24.57 | 29.08 | 35.09 | 37.23 | 26.5 | 39.36 | 47.77 | 51.53 | 41 | 42.85 | 49.04 | 53.13 | 59.9 | 67.73 |
| Operating Margin | 31.42% | 32.21% | 33.26% | 34.68% | 33.28% | 22.38% | 28.67% | 29.64% | 31.44% | 21.81% | 22.44% | 22.82% | 23.3% | 24.31% | 28.53% |
| Earnings before Tax (EBT) 1 | 22.23 | 25.66 | 27.49 | 34.87 | 34.62 | 23.3 | 39.73 | 53.56 | 49.26 | 35.96 | 39.12 | 48.7 | 54.71 | 63.51 | 73.91 |
| Net income 1 | 19.66 | 23.58 | 26.29 | 30.57 | 32.46 | 19.36 | 35.44 | 44.7 | 40.31 | 28.52 | 33.51 | 39.75 | 43.68 | 52.25 | 64.3 |
| Net margin | 28.64% | 30.93% | 30.06% | 30.22% | 29.02% | 16.34% | 25.82% | 27.74% | 24.59% | 15.17% | 17.55% | 18.5% | 19.16% | 21.21% | 27.09% |
| EPS 2 | 0.0600 | 0.0800 | 0.0800 | 0.1000 | 0.1000 | 0.0600 | 0.1100 | 0.1500 | 0.1300 | 0.1000 | 0.1144 | 0.1364 | 0.1501 | 0.1754 | 0.1932 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/16/21 | 3/14/22 | 5/17/22 | 8/22/22 | 11/14/22 | 4/5/23 | 5/17/23 | 8/15/23 | 11/21/23 | 3/18/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 327 | 464 | 532 | 912 | 1,103 | 1,738 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 60.5 | 142 | 275 | -4 | 162 | - |
| ROE (net income / shareholders' equity) | - | 47.9% | 32% | 34.9% | 31.2% | 32.2% | 31.6% |
| ROA (Net income/ Total Assets) | - | 19.9% | 15.4% | 15.6% | 12.8% | 12.8% | 12.5% |
| Assets 1 | - | 391.7 | 704.7 | 955.4 | 1,324 | 1,916 | 2,518 |
| Book Value Per Share 2 | - | 0.9500 | - | - | 2.130 | 3.130 | 4.240 |
| Cash Flow per Share 2 | - | 0.3500 | 0.4900 | 0.9700 | 0.7800 | 1.140 | 1.440 |
| Capex 1 | - | 48 | 12.4 | 18.2 | 17 | 22.7 | - |
| Capex / Sales | - | 19.67% | 2.95% | 2.8% | 1.91% | 1.94% | - |
| Announcement Date | 4/13/21 | 3/14/22 | 4/5/23 | 3/18/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
14.36
USD
Average target price
18.83
USD
Spread / Average Target
+31.15%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -18.82% | 4.15B | |
| +17.35% | 91.21B | |
| +7.41% | 69.43B | |
| -3.71% | 46.28B | |
| -1.91% | 31.78B | |
| +7.50% | 21.83B | |
| -16.97% | 11.95B | |
| -9.73% | 10.07B | |
| +11.32% | 9.07B | |
| -25.92% | 7.68B |
- Stock Market
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- DLO Stock
- Financials DLocal Limited
