DLocal Limited (DLO) vs Paymentus Holdings, Inc. (PAY)

DLocal Limited and Paymentus Holdings, Inc. are both Software Infrastructure companies. DLocal Limited and Paymentus Holdings, Inc. are of similar size ($3.9B and $3.9B). DLocal Limited trades at the lower P/E: 20.1× against 45.0×. DLocal Limited grew revenue faster over the last twelve months: 57.0% against 30.2%. DLocal Limited has the higher net margin (15.0% vs 6.24%) and the lower return on invested capital (0.00% vs 27.6%). Across the 22 metrics below, DLocal Limited leads on 15 and Paymentus Holdings, Inc. on 7.

Valuation

Metric DLO PAY Software Infrastructure median
P/E 20.11 45.03 28.02
P/S 2.99 2.79 3.07
P/B 7.50 6.19 3.36
Price to free cash flow 10.44 31.35 17.12
EV/EBITDA 12.19 23.29 14.91
EV/Sales 2.39 2.51 3.03
Earnings yield 4.97% 2.22% 0.13%
Free cash flow yield 9.58% 3.19% 1.15%

Profitability

Metric DLO PAY Software Infrastructure median
Gross margin 34.28% 24.95% 61.23%
Operating margin 17.35% 7.58% 0.00%
Net margin 15.04% 6.24% 0.00%
Free cash flow margin 28.65% 8.92% 1.67%
Return on equity 41.26% 15.02% 0.59%
Return on assets 11.95% 12.71% 0.00%
Return on invested capital 0.00% 27.57% 0.00%

Growth

Metric DLO PAY Software Infrastructure median
Revenue growth (TTM) 57.03% 30.21% 13.41%
EPS growth (last fiscal year) 66.67% 48.57% —
Revenue growth, 5-year CAGR 60.05% 31.72% 15.81%
Net income growth, 5-year CAGR 47.50% 51.01% 0.00%

Health

Metric DLO PAY Software Infrastructure median
Debt to equity 0.00 0.00 0.06
Current ratio 1.25 4.89 1.55
Net debt to EBITDA (3.32) (2.68) 0.08

Dividend

Metric DLO PAY Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 0.00 0.00

Size

Metric DLO PAY Software Infrastructure median
Market cap 3.91b 3.90b 835.96m

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