Added to YB: 2026-06-01
Pitch date: 2026-05-27
DLO [bullish]
DLocal Limited
+1.92%
current return
Author Info
Company Info
DLocal Limited, together with its subsidiaries, provides payment processing services worldwide. The company offers a robust pay-in solution to help global merchants expand their online presence and receive payments, including international and local cards, online bank transfers, direct debit, cash, and hundreds of alternative payment methods (APMs).
Market Cap
$3.4B
Pitch Price
$11.45
Price Target
70.00 (+508%)
Dividend
1.66%
EV/EBITDA
11.24
P/E
18.23
EV/Sales
2.16
Sector
Financial Services
Category
growth
dLocal: The Tollbooth In Emerging Markets
DLO: Cross-border payments infrastructure for emerging markets. Q1 TPV +73% YoY to $47B, 6th straight qtr >50% growth. Gross profit +40% but margin fell 35% (vs 39%) on mix shift to lower-rate enterprise clients (Amazon/Meta/Netflix). Opex +58%, FCF -63% on WC timing + onboarding investment, expected to reverse H2'26. Trading 17x fwd P/E vs 290x at IPO. $800M net cash, 88% TPV CAGR since 2016. Risks: take-rate compression, GA 22% overhang, client concentration
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