# DLocal Limited Class A (DLO) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Industrials / Professional Services. Price $15.52, market value $4.6 billion.

## Valuation
- **P/E (trailing): 22.8×** (5-yr avg 51.6×, 3-yr avg 27.4×). DLocal Limited Class A trades at 22.8× trailing earnings, well below its own five-year average of 51.6×: cheap by its own standards. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 13.6×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.20**. A PEG of 0.20 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 3.4×**. Each dollar of revenue is priced at 3.4×.
- **Price / book: 8.3×**. The shares trade at 8.3× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 14.7×**. Enterprise value is 14.7× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 8.5%** (5-yr avg 4.0%). Free cash flow equals 8.5% of the market value, above its five-year average of 4.0%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 4.4%**. The inverse of the P/E: 4.4% of the price is earned each year.

## Profitability
- **Gross margin: 34.3%**. DLocal Limited Class A keeps 34.3% of revenue after the direct cost of what it sells.
- **Operating margin: 17.5%**. 17.5% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 18.0%**. 18.0% of each dollar of sales reaches the bottom line.
- **Return on equity: 34.6%**. 34.6% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: -308.0%**. Return on all capital, debt included, is -308.0%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 13.2%**. Each dollar of assets produces 13.2% of profit.

## Growth
- **Revenue growth (1 yr): 46.6%** (3-yr 37.7%/yr, 5-yr 60.0%/yr). Revenue grew 46.6% over the last year, against 60.0% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 66.7%** (3-yr 22.9%/yr, 5-yr 45.4%/yr). Earnings per share rose 66.7%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 39.1%/yr**. Free cash flow has compounded at 39.1% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.15**. Debt is 0.15 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. DLocal Limited Class A holds more cash than debt.
- **Interest coverage: -20.6×**. Operating profit covers interest only -20.6×: fragile.
- **Altman Z-score: 4.52**. A Z-score of 4.52 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.25%** ($0.19 per share, trailing). DLocal Limited Class A yields 1.25%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 76%**. 76% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 1**. 1 straight year of increases.

## Analyst view
- **Analyst consensus: strong_buy** (10 analysts). 10 analysts cover DLocal Limited Class A; the consensus is strong_buy, with an average price target of $18.50 (+19% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 22.9%** (YTD 11.6%, 3-mo 38.1%). The shares are up 22.9% over twelve months including dividends.
- **From 52-week high: -7.5%** (45.9% above the low). Trading 8% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 59**. An RSI of 59 is neutral.
- **Beta (1 yr): 1.72** (volatility 46%). Beta of 1.72 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=DLO · Page: https://foliofundamentals.com/stocks/dlo

Not investment advice.