DLocal Limited (DLO) vs Amdocs Limited (DOX)

DLocal Limited and Amdocs Limited are both Software Infrastructure companies. Amdocs Limited is the larger, with a market value of $4.7B against $3.8B — 1.2× the size. Amdocs Limited trades at the lower P/E: 10.4× against 19.2×. DLocal Limited grew revenue faster over the last twelve months: 57.0% against 0.14%. DLocal Limited has the higher net margin (15.0% vs 9.56%) and the lower return on invested capital (0.00% vs 9.39%). Both pay a dividend; Amdocs Limited yields more (5.09% vs 1.47%). Across the 23 metrics below, DLocal Limited leads on 12 and Amdocs Limited on 11.

Valuation

Metric DLO DOX Software Infrastructure median
P/E 19.16 10.41 24.43
P/S 2.85 0.98 2.81
P/B 7.15 1.37 2.88
Price to free cash flow 9.95 7.12 17.94
EV/EBITDA 11.46 6.46 14.51
EV/Sales 2.25 1.16 2.91
Earnings yield 5.22% 9.61% 0.00%
Free cash flow yield 10.06% 14.05% 0.49%

Profitability

Metric DLO DOX Software Infrastructure median
Gross margin 34.28% 38.28% 57.45%
Operating margin 17.35% 13.47% 0.00%
Net margin 15.04% 9.56% 0.00%
Free cash flow margin 28.65% 13.73% 0.00%
Return on equity 41.26% 12.95% 0.00%
Return on assets 11.95% 6.98% 0.00%
Return on invested capital 0.00% 9.39% 0.00%

Growth

Metric DLO DOX Software Infrastructure median
Revenue growth (TTM) 57.03% 0.14% 14.28%
EPS growth (last fiscal year) 66.67% 18.82% 18.26%
Revenue growth, 5-year CAGR 60.05% 1.69% 16.15%
Net income growth, 5-year CAGR 47.50% 2.32% 0.00%

Health

Metric DLO DOX Software Infrastructure median
Debt to equity 0.00 0.32 0.02
Current ratio 1.25 0.94 1.53
Net debt to EBITDA (3.32) 0.50 0.05

Dividend

Metric DLO DOX Software Infrastructure median
Dividend yield 1.47% 5.09% 1.06%
Payout ratio 0.29 0.53 0.29

Size

Metric DLO DOX Software Infrastructure median
Market cap 3.79b 4.71b 661.51m

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