Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
DLocal Limited is a technology-first payments company that operates a global payment processing platform focused on emerging markets. The firm’s primary function is to enable large international merchants to accept payments from, and send payments to, consumers in countries where local payment methods and regulations are highly fragmented. Through its One dLocal platform, DLocal Limited supports a broad range of pay-in and pay-out options, including international and local cards, online bank transfers, direct debits, cash-based methods, and numerous alternative payment solutions. The company generates revenue by charging fees on cross-border and local payment transactions for enterprise clients across sectors such as e-commerce, digital streaming, ride-hailing, financial services, remittances, advertising, SaaS, travel, gaming, and crypto. Headquartered in Montevideo, Uruguay and founded in 2016, DLocal Limited plays a significant role as an infrastructure provider that helps global platforms navigate local compliance, currency, and payment preferences in Latin America and other emerging regions.
$12.34
+$0.06 (+0.49%)
EOD Jun 25, 2026 · Twelve Data
Margins and capital returns are both well above average: 20.31% operating margin, ROIC at 31.79%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 46.6%, still solid.
Even for strong businesses, today's 20x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
19.6x earnings, 9.9x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$1.21B
▲ +46.6% YoY
Net Income (TTM)
$192M
▲ +63.4% YoY
Op. Margin
18.92%
▲ +1.4pp YoY
ROIC
31.79%
▲ +9.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$374M
▲ +783.1% YoY
Op. Cash Flow (TTM)
$426M
▲ +3815.2% YoY
Net Debt
-$458M
Net Cash Position
Cash & Equiv.
$548M
3Y CAGR: +37.7%
3Y CAGR: +38.6%
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At a P/E of 19.6 and a price-to-free-cash-flow of 9.9, DLocal (DLO) trades below a two-stage DCF intrinsic value of about $64.46 per share, so at $12.34 the stock looks undervalued (422.4% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, DLocal scores 80/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 4.1%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $64.46 per share for DLO, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $48.35. At today's $12.34, that puts the stock about 422.4% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
DLocal scores 80 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. Recent fundamentals include a 18.9% operating margin and a 31.8% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, DLocal pays a regular dividend of about $0.50 per share per year (typically in quarterly installments), a yield of roughly 4.1% at the current price. That is a payout ratio of about 78.0% of earnings, so the dividend is covered, with less cushion. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For DLO's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. DLO currently trades below its estimated intrinsic value and scores 80/100 on quality (high-quality). It also yields about 4.1%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.