<p>DLocal（纳斯达克股票代码：DLO）在发布强劲的第二季度业绩并通过收购 AZA Finance 扩展至非洲后，引起了投资者的关注，并提高了 2025 年全年指引。该公司对外汇和财务管理的关注正在引起共鸣。</p>
<p>查看我们对 DLocal 的最新分析。</p>
<p>在提高全年指引并分享扩展至非洲的消息后，DLocal 的势头显然引起了市场的关注。在过去三个月中，该公司的股价回报率达到了 36%，而过去一年的总回报率飙升至 68%。这一急剧的复苏暗示了对其长期前景的重新乐观。尽管在过去三年中经历了艰难的旅程，但近期的收益表明，投资者对 DLocal 的增长故事越来越感兴趣，因为该公司加深了市场渗透并拓展了新市场。</p>
<p>如果 DLocal 的复苏让你对其他机会感到好奇，现在正是扩大搜索范围、发现高管持股比例高的快速增长股票的最佳时机。</p>
<p>随着股价急剧反弹和指引上调，关键问题是 DLocal 当前的价格是否准确反映了其未来的增长，还是仍然存在被低估的机会供投资者把握。</p>
<h2>最受欢迎的叙述：92% 被低估</h2>
<p>DLocal 最广泛关注的叙述估计其公允价值是当前股价的两倍以上。这突显了巨大的潜在上行空间，并在近期反弹后显得尤为突出。为一个大胆的增长故事奠定了基础。</p>
<blockquote>
<p><em>“DLocal 作为一个单一的运营部门，提供支付处理，提供一个统一的平台，支持新兴市场中的复杂跨境和本地交易。该公司的核心护城河源于与新兴市场，特别是拉丁美洲、非洲和亚洲的本地支付方式的深度整合、监管专业知识以及难以被新进入者复制的地面关系，以及为全球商家提供支付和收款交易的能力。这为企业客户创造了高转换成本。”</em></p>
</blockquote>
<p>阅读完整的叙述。</p>
<p>对 DLocal 背后高估值的秘密感到好奇？该叙述集中在持续扩张、显著的利润改善以及可能挑战典型金融科技规范的假设上。哪些增长率和盈利能力提升推动了这一估值？看看哪些财务杠杆可能将 DLocal 的公允价值远远推高。</p>
<p><strong>结果：公允价值为 195.39 美元（被低估）</strong></p>
<p>完整阅读叙述，了解预测背后的原因。</p>
<p>然而，快速的产品扩展延迟或在关键市场失去声誉可能会迅速削弱 DLocal 的乐观叙述和增长假设。</p>
<p>了解 DLocal 叙述的关键风险。</p>
<h2>另一种观点：市场定价比较</h2>
<p>虽然叙述指向巨大的上行空间，但查看 DLocal 的市盈率（30 倍）则揭示了不同的画面。它高于美国行业平均水平（16.1 倍），甚至高于同行平均水平（33.6 倍）。与公允比率 20.7 倍相比，这增加了估值风险，如果市场转向更典型的定价标准。对快速增长的热情是否使得股价过于昂贵，还是这里确实存在真正的异常优势？</p>
<p>查看数字对这一价格的看法——在我们的估值分析中找到答案。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/a4de55a3-395b-4744-acc7-d5bd523c93a9/chart/pe-multiple-vs-industry?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/a4de55a3-395b-4744-acc7-d5bd523c93a9/chart/pe-multiple-vs-industry"/></p>
<p>截至 2025 年 10 月的纳斯达克股票代码：DLO 市盈率</p>
<p>Simply Wall St 每天对全球每只股票进行折现现金流（DCF）分析（例如查看 DLocal）。我们展示完整的计算过程。您可以在您的观察列表或投资组合中跟踪结果，并在变化时收到提醒，或者使用我们的股票筛选器发现基于现金流的被低估股票。如果您保存筛选器，我们甚至会在新公司匹配时提醒您——这样您就不会错过潜在机会。</p>
<h2>构建您自己的 DLocal 叙述</h2>
<p>如果您有不同的看法或想深入了解数字，您可以在几分钟内构建自己的观点。按照您的方式进行。</p>
<p>一个好的起点是我们的分析，强调投资者对 DLocal 的两个关键回报的乐观情绪。</p>
<h2>寻找更多投资想法？</h2>
<p>不要让新机会从您身边溜走。迈出下一步，通过探索为真正的增长、创新和未开发价值而选择的股票来激活您的投资组合。</p>
<ul>
<li>通过审查这 888 只基于现金流的被低估股票，发现可能远低于其真实价值的突出便宜货。</li>
<li>通过瞄准这 25 只 AI 便士股票，捕捉变革性技术的爆发力，因为它们正在塑造明天的数字格局。</li>
<li>通过选择这 18 只收益率超过 3% 的股息股票，确保定期现金流，以获得强劲的收益和可靠性。</li>
</ul>
<p><em>这篇文章由 Simply Wall St 撰写，内容一般。<strong>我们提供基于历史数据和分析师预测的评论，仅使用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成购买或出售任何股票的推荐，也不考虑您的目标或财务状况。我们的目标是为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>

<p>DLocal（纳斯达克代码：DLO）在强劲的第二季度业绩和通过收购 AZA Finance 扩展至非洲后，提高了 2025 年的全年指引。该公司的股价在三个月内上涨了 36%，在过去一年中上涨了 68%，显示出投资者的乐观情绪恢复。尽管市盈率高达 30 倍，超过行业平均水平，分析师认为 DLocal 被低估，公允价值估计为 195.39 美元。然而，风险包括产品扩展可能出现的延迟以及在关键市场的声誉损失，这可能会影响增长预期</p>

<p>DLocal (NasdaqGS:DLO) caught investors’ attention after it raised full-year 2025 guidance, following robust second quarter results and an expansion into Africa through its AZA Finance acquisition. The company’s focus on FX and treasury enhancements is resonating.</p>
<div class="lb-trans"><p>DLocal（纳斯达克股票代码：DLO）在发布强劲的第二季度业绩并通过收购 AZA Finance 扩展至非洲后，引起了投资者的关注，并提高了 2025 年全年指引。该公司对外汇和财务管理的关注正在引起共鸣。</p>
</div><p>See our latest analysis for DLocal.</p>
<div class="lb-trans"><p>查看我们对 DLocal 的最新分析。</p>
</div><p>After raising full-year guidance and sharing news of its expansion into Africa, DLocal’s momentum has clearly caught the market’s attention. In just the past three months, the company’s share price has returned 36%, while its total return over the last year has soared to 68%. This sharp recovery hints at renewed optimism for its long-term prospects. Despite a tough ride over the past three years, recent gains suggest investors are warming to DLocal’s growth narrative as the company deepens its reach and scales new markets.</p>
<div class="lb-trans"><p>在提高全年指引并分享扩展至非洲的消息后，DLocal 的势头显然引起了市场的关注。在过去三个月中，该公司的股价回报率达到了 36%，而过去一年的总回报率飙升至 68%。这一急剧的复苏暗示了对其长期前景的重新乐观。尽管在过去三年中经历了艰难的旅程，但近期的收益表明，投资者对 DLocal 的增长故事越来越感兴趣，因为该公司加深了市场渗透并拓展了新市场。</p>
</div><p>If DLocal’s turnaround has you curious about where else opportunity is building, now’s the perfect time to broaden your search and discover fast growing stocks with high insider ownership</p>
<div class="lb-trans"><p>如果 DLocal 的复苏让你对其他机会感到好奇，现在正是扩大搜索范围、发现高管持股比例高的快速增长股票的最佳时机。</p>
</div><p>With shares sharply rebounding and guidance moving higher, the key question is whether DLocal’s current price accurately reflects its future growth or if there is still an undervalued opportunity for investors to seize.</p>
<div class="lb-trans"><p>随着股价急剧反弹和指引上调，关键问题是 DLocal 当前的价格是否准确反映了其未来的增长，还是仍然存在被低估的机会供投资者把握。</p>
</div><h2>Most Popular Narrative: 92% Undervalued</h2>
<div class="lb-trans"><h2>最受欢迎的叙述：92% 被低估</h2>
</div><p>DLocal’s most widely followed narrative estimates a fair value that is more than double its current share price. This highlights dramatic potential upside and stands out after the recent rally. The stage is set for a bold growth story.</p>
<div class="lb-trans"><p>DLocal 最广泛关注的叙述估计其公允价值是当前股价的两倍以上。这突显了巨大的潜在上行空间，并在近期反弹后显得尤为突出。为一个大胆的增长故事奠定了基础。</p>
</div><blockquote>
<p><em>“DLocal operates as a single operating segment, payment processing, offering a unified platform that supports complex cross-border and local-to-local transactions in emerging markets. The company’s core moat derives from deep integration with local payment methods in emerging markets, especially in Latin America, Africa, and Asia, regulatory expertise and on-the-ground relationships that are hard to replicate for new entrants, and the ability to serve both pay-in and pay-out transactions for global merchants. This creates high switching costs for enterprise customers.”</em></p>
</blockquote>
<div class="lb-trans"><blockquote>
<p><em>“DLocal 作为一个单一的运营部门，提供支付处理，提供一个统一的平台，支持新兴市场中的复杂跨境和本地交易。该公司的核心护城河源于与新兴市场，特别是拉丁美洲、非洲和亚洲的本地支付方式的深度整合、监管专业知识以及难以被新进入者复制的地面关系，以及为全球商家提供支付和收款交易的能力。这为企业客户创造了高转换成本。”</em></p>
</blockquote>
</div><p>Read the complete narrative.</p>
<div class="lb-trans"><p>阅读完整的叙述。</p>
</div><p>Curious about DLocal’s secret sauce behind this high valuation? The narrative focuses on relentless expansion, significant margin improvements, and assumptions that could challenge typical fintech norms. Which growth rates and profitability boosts are driving this valuation? See what financial levers may push DLocal’s fair value far beyond expectations.</p>
<div class="lb-trans"><p>对 DLocal 背后高估值的秘密感到好奇？该叙述集中在持续扩张、显著的利润改善以及可能挑战典型金融科技规范的假设上。哪些增长率和盈利能力提升推动了这一估值？看看哪些财务杠杆可能将 DLocal 的公允价值远远推高。</p>
</div><p><strong>Result: Fair Value of $195.39 (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：公允价值为 195.39 美元（被低估）</strong></p>
</div><p>Have a read of the narrative in full and understand what's behind the forecasts.</p>
<div class="lb-trans"><p>完整阅读叙述，了解预测背后的原因。</p>
</div><p>However, rapid product expansion delays or a loss of reputation in key markets could quickly undermine DLocal's bullish narrative and growth assumptions.</p>
<div class="lb-trans"><p>然而，快速的产品扩展延迟或在关键市场失去声誉可能会迅速削弱 DLocal 的乐观叙述和增长假设。</p>
</div><p>Find out about the key risks to this DLocal narrative.</p>
<div class="lb-trans"><p>了解 DLocal 叙述的关键风险。</p>
</div><h2>Another View: Market Pricing by Comparison</h2>
<div class="lb-trans"><h2>另一种观点：市场定价比较</h2>
</div><p>While the narrative points to massive upside, looking at DLocal’s price-to-earnings ratio (30x) reveals a different picture. It sits above the US industry average (16.1x) and even above the peer average (33.6x). Compared to the fair ratio of 20.7x, this increases valuation risk if the market shifts toward more typical pricing standards. Could enthusiasm for rapid growth be making the shares too expensive, or is there a genuine outlier advantage here?</p>
<div class="lb-trans"><p>虽然叙述指向巨大的上行空间，但查看 DLocal 的市盈率（30 倍）则揭示了不同的画面。它高于美国行业平均水平（16.1 倍），甚至高于同行平均水平（33.6 倍）。与公允比率 20.7 倍相比，这增加了估值风险，如果市场转向更典型的定价标准。对快速增长的热情是否使得股价过于昂贵，还是这里确实存在真正的异常优势？</p>
</div><p>See what the numbers say about this price — find out in our valuation breakdown.</p>
<div class="lb-trans"><p>查看数字对这一价格的看法——在我们的估值分析中找到答案。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/a4de55a3-395b-4744-acc7-d5bd523c93a9/chart/pe-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/a4de55a3-395b-4744-acc7-d5bd523c93a9/chart/pe-multiple-vs-industry"/></p>
<p>NasdaqGS:DLO PE Ratio as at Oct 2025</p>
<div class="lb-trans"><p>截至 2025 年 10 月的纳斯达克股票代码：DLO 市盈率</p>
</div><p>Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out DLocal for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover undervalued stocks based on their cash flows. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.</p>
<div class="lb-trans"><p>Simply Wall St 每天对全球每只股票进行折现现金流（DCF）分析（例如查看 DLocal）。我们展示完整的计算过程。您可以在您的观察列表或投资组合中跟踪结果，并在变化时收到提醒，或者使用我们的股票筛选器发现基于现金流的被低估股票。如果您保存筛选器，我们甚至会在新公司匹配时提醒您——这样您就不会错过潜在机会。</p>
</div><h2>Build Your Own DLocal Narrative</h2>
<div class="lb-trans"><h2>构建您自己的 DLocal 叙述</h2>
</div><p>If you see things differently or want to dive deeper into the numbers, you can craft your own perspective in just a few minutes. Do it your way</p>
<div class="lb-trans"><p>如果您有不同的看法或想深入了解数字，您可以在几分钟内构建自己的观点。按照您的方式进行。</p>
</div><p>A good starting point is our analysis highlighting 2 key rewards investors are optimistic about regarding DLocal.</p>
<div class="lb-trans"><p>一个好的起点是我们的分析，强调投资者对 DLocal 的两个关键回报的乐观情绪。</p>
</div><h2>Looking for more investment ideas?</h2>
<div class="lb-trans"><h2>寻找更多投资想法？</h2>
</div><p>Don’t let fresh opportunities pass you by. Take the next step and energize your portfolio by exploring stocks chosen for real growth, innovation and untapped value.</p>
<div class="lb-trans"><p>不要让新机会从您身边溜走。迈出下一步，通过探索为真正的增长、创新和未开发价值而选择的股票来激活您的投资组合。</p>
</div><ul>
<li>Uncover standout bargains that could be trading well below their true worth by reviewing these 888 undervalued stocks based on cash flows.</li>
<li>Capture the explosive power of transformative technology by targeting these 25 AI penny stocks as they shape tomorrow’s digital landscape.</li>
<li>Secure regular cash flow with investments by selecting these 18 dividend stocks with yields &gt; 3% for strong yields and proven reliability.</li>
</ul>
<div class="lb-trans"><ul>
<li>通过审查这 888 只基于现金流的被低估股票，发现可能远低于其真实价值的突出便宜货。</li>
<li>通过瞄准这 25 只 AI 便士股票，捕捉变革性技术的爆发力，因为它们正在塑造明天的数字格局。</li>
<li>通过选择这 18 只收益率超过 3% 的股息股票，确保定期现金流，以获得强劲的收益和可靠性。</li>
</ul>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p><em>这篇文章由 Simply Wall St 撰写，内容一般。<strong>我们提供基于历史数据和分析师预测的评论，仅使用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成购买或出售任何股票的推荐，也不考虑您的目标或财务状况。我们的目标是为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
</div>

DLocal（纳斯达克股票代码：DLO）：在非洲扩张和强劲的第二季度业绩推动下，指引上调，估值成为关注焦点