Added to YB: 2026-03-24
Pitch date: 2026-03-19
DLO [bullish]
DLocal Limited
+1.48%
current return
Author Info
No bio for this author
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
$3.6B
Pitch Price
$12.54
Price Target
32.50 (+159%)
Dividend
1.60%
EV/EBITDA
12.54
P/E
18.68
EV/Sales
2.59
Sector
Financial Services
Category
growth
DLocal (NASDAQ: $DLO) - The Adyen of Emerging Markets
DLO: Q4 rev $337.9M beat est $294M, crossed $1B annual rev milestone (+52% YoY). EPS $0.18 in-line. 2026 guide: $1.25-1.29B rev, $210-230M adj net income. Processes payments for Netflix, Spotify, Amazon across 900+ local methods in 44 emerging markets. <2% share of $2.1T TAM (doubling by 2030). CEO Pedro Arnt (ex-MercadoLibre CFO). 97% FCF conversion, $300M buyback authorized. Fair PE model: 25x $1.30 2028E EPS = $32.50 PT (~35% IRR). Risks: EM volatility, FX, take rate compression, Muddy Waters overhang. Trades 17x trailing P/E vs 30%+ growth—mispriced on governance fears & EM discount.
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