Dlocal Ltd
DLocal Limited, together with its subsidiaries, operates a payment processing platform worldwide. The company offers a robust pay-in solution that allows businesses to get paid for their products and services through various payment methods, including international and local cards, online bank transfers, direct debit, cash, and hundreds of alternative payment methods (APMs). It also provides a pa… Read more
Dlocal Ltd (DLO) - Net Assets
Latest net assets as of September 2025: $504.67 Million USD
Based on the latest financial reports, Dlocal Ltd (DLO) has net assets worth $504.67 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.41 Billion) and total liabilities ($904.09 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $504.67 Million |
| % of Total Assets | 35.82% |
| Annual Growth Rate | 81.89% |
| 5-Year Change | 985.48% |
| 10-Year Change | N/A |
| Growth Volatility | 195.99 |
Dlocal Ltd - Net Assets Trend (2019–2024)
This chart illustrates how Dlocal Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Dlocal Ltd (2019–2024)
The table below shows the annual net assets of Dlocal Ltd from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $488.99 Million | +7.44% |
| 2023-12-31 | $455.14 Million | +13.89% |
| 2022-12-31 | $399.62 Million | +42.57% |
| 2021-12-31 | $280.30 Million | +522.23% |
| 2020-12-31 | $45.05 Million | +83.65% |
| 2019-12-31 | $24.53 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dlocal Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2554.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $490.02 Million | 100.23% |
| Common Stock | $570.00K | 0.12% |
| Other Comprehensive Income | $12.50 Million | 2.56% |
| Total Equity | $488.89 Million | 100.00% |
Dlocal Ltd Competitors by Market Cap
The table below lists competitors of Dlocal Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Jingu Co Ltd
SHE:002488
|
$1.10 Billion |
|
SpareBank 1 Østlandet
OL:SPOL
|
$1.10 Billion |
|
Test Research Inc
TW:3030
|
$1.10 Billion |
|
Soulbrain Co. Ltd
KQ:357780
|
$1.10 Billion |
|
TS TECH Co., Ltd.
PINK:TTCAF
|
$1.10 Billion |
|
Excelerate Energy Inc
NYSE:EE
|
$1.10 Billion |
|
Indian Energy Exchange Limited
NSE:IEX
|
$1.10 Billion |
|
Jardine Cycle & Carriage Limited
PINK:JCYCF
|
$1.10 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dlocal Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 455,031,000 to 488,887,000, a change of 33,856,000 (7.4%).
- Net income of 120,416,000 contributed positively to equity growth.
- Share repurchases of 101,067,000 reduced equity.
- Other comprehensive income increased equity by 737,000.
- Other factors increased equity by 13,770,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $120.42 Million | +24.63% |
| Share Repurchases | $101.07 Million | -20.67% |
| Other Comprehensive Income | $737.00K | +0.15% |
| Other Changes | $13.77 Million | +2.82% |
| Total Change | $- | 7.44% |
Book Value vs Market Value Analysis
This analysis compares Dlocal Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.32x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 141.03x to 7.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $0.08 | $11.73 | x |
| 2020-12-31 | $0.15 | $11.73 | x |
| 2021-12-31 | $0.95 | $11.73 | x |
| 2022-12-31 | $1.35 | $11.73 | x |
| 2023-12-31 | $1.50 | $11.73 | x |
| 2024-12-31 | $1.60 | $11.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dlocal Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 24.63%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.14%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 2.40x
- Recent ROE (24.63%) is below the historical average (39.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 64.04% | 28.22% | 0.69x | 3.27x | $13.17 Million |
| 2020 | 62.56% | 27.06% | 0.52x | 4.45x | $23.68 Million |
| 2021 | 27.78% | 31.90% | 0.42x | 2.08x | $49.84 Million |
| 2022 | 27.20% | 25.94% | 0.51x | 2.07x | $68.72 Million |
| 2023 | 32.74% | 22.91% | 0.60x | 2.38x | $103.46 Million |
| 2024 | 24.63% | 16.14% | 0.64x | 2.40x | $71.53 Million |
Industry Comparison
This section compares Dlocal Ltd's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $237,144,588
- Average return on equity (ROE) among peers: -85.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dlocal Ltd (DLO) | $504.67 Million | 64.04% | 1.79x | $1.10 Billion |
| Automatic Bank Services Limited (ABANF) | $231.37 Million | 16.52% | 0.19x | $269.02 Million |
| ACI Worldwide Inc (ACIW) | $76.50 Million | 16.47% | 0.61x | $4.01 Billion |
| Adyen N.V (ADYYF) | $389.78 Million | 18.29% | 1.92x | $34.24 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $99.35 Million | -153.25% | 0.48x | $418.95 Million |
| Aeva Technologies, Inc. Warrants (AEVAW) | $456.38 Million | -22.32% | 0.05x | $3.74 Million |
| Affluence Corporation (AFFU) | $-639.00K | 0.00% | 0.00x | $3.98K |
| Axe Compute Inc. (AGPU) | $923.68K | -706.52% | 2.04x | $2.86 Million |
| C3 Ai Inc (AI) | $838.30 Million | -34.44% | 0.22x | $1.15 Billion |
| iLearningEngines, Inc. (AILE) | $264.32 Million | 1.83% | 0.09x | $17.39 Million |
| PowerFleet, Inc. (AIOT) | $15.17 Million | 5.61% | 0.31x | $383.57 Million |