AvePoint, Inc. (AVPT) vs DLocal Limited (DLO)

AvePoint, Inc. and DLocal Limited are both Software Infrastructure companies. AvePoint, Inc. and DLocal Limited are of similar size ($3.7B and $3.5B). DLocal Limited trades at the lower P/E: 18.9× against 50.0×. DLocal Limited grew revenue faster over the last twelve months: 57.0% against 25.0%. AvePoint, Inc. has the higher net margin (15.3% vs 15.0%) and the higher return on invested capital (145.3% vs 0.00%). Across the 22 metrics below, DLocal Limited leads on 15 and AvePoint, Inc. on 7.

Valuation

Metric AVPT DLO Software Infrastructure median
P/E 50.00 18.86 26.15
P/S 7.44 2.80 2.87
P/B 7.94 7.03 2.94
Price to free cash flow 34.95 9.79 17.26
EV/EBITDA 58.61 11.24 15.00
EV/Sales 6.55 2.21 2.95
Earnings yield 2.00% 5.30% 0.00%
Free cash flow yield 2.86% 10.22% 0.39%

Profitability

Metric AVPT DLO Software Infrastructure median
Gross margin 73.45% 34.28% 59.21%
Operating margin 9.78% 17.35% 0.00%
Net margin 15.33% 15.04% 0.00%
Free cash flow margin 21.29% 28.65% 0.00%
Return on equity 16.25% 41.26% 0.00%
Return on assets 9.81% 11.95% 0.00%
Return on invested capital 145.25% 0.00% 0.00%

Growth

Metric AVPT DLO Software Infrastructure median
Revenue growth (TTM) 24.95% 57.03% 13.57%
EPS growth (last fiscal year) 193.75% 66.67% 20.22%
Revenue growth, 5-year CAGR 22.59% 60.05% 16.02%
Net income growth, 5-year CAGR 0.00% 47.50% 0.00%

Health

Metric AVPT DLO Software Infrastructure median
Debt to equity 0.00 0.00 0.02
Current ratio 2.00 1.25 1.54
Net debt to EBITDA (12.26) (3.32) 0.05

Dividend

Metric AVPT DLO Software Infrastructure median
Dividend yield — 1.49% 1.09%
Payout ratio — 0.29 0.30

Size

Metric AVPT DLO Software Infrastructure median
Market cap 3.48b 3.72b 655.75m

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