COMPARE · Reviewed August 7, 2026
DLO vs FOUR
Verdict: Side-by-side breakdown using the Bull Rankings model. DLO scored 89.1, FOUR scored 74.5 — DLO leads.
Compare another set
Different reporting periods. FOUR's fundamentals are as of June 2026, but DLO's are as of December 2025 — a 6-month gap. Growth, margin and valuation figures below therefore describe different windows and aren't strictly like-for-like.
DLO
DLocal Limited
89.1
$14.77 · $4.3B
fundamentals as of
Score gap
14.6
DLO leads
FOUR
Shift4 Payments, Inc.
74.5
$43.36 · $4.3B
fundamentals as of
The model, pillar by pillar (0–100 each)
DLO
stronger →← stronger
FOUR
84
Qualityreturns · margins · balance sheet
55
100
Growthrevenue & earnings expansion
100
84
Valuevaluation vs sector peers
76
DLO is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
DLO
FOUR
$413mC
FCF
$433mC
+46.6%A
Rev
+32.4%A
0.20B
D/E
2.57D
23.1xB+
P/E
49.8xC+
0.50A
PEG
0.38A
Winner per row is the stronger grade in our model; a tie or a missing value shows no highlight.
Valuation · DCF cross-check
DLO
FOUR
60% below
Price vs fair valuelower is cheaper
39% below
~-7%/yr
Growth the price implies10-yr FCF · lower = less priced in
~0%/yr
+88%
1-yr DCF upside
+32%
+148%
5-yr DCF upside
+65%
+274%
10-yr DCF upside
+125%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
DLO
Why this score
- Durable high returns
- Diluting shareholders
FOUR
Why this score
- Buying back stock
The companies
DLODLocal Limited
Why now
Software - Infrastructure · market cap $4.3b. 12% off the 52-week high of $16.78. Revenue growing +47% — in hypergrowth territory. PEG 0.50 — paying under fair value for the growth rate. 10 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $18.25 (implying +24% upside).
Moat
Net margin 18% beats the market median by a meaningful margin — the company is keeping more of every revenue dollar than the average S&P constituent. ROE 35% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which. Free cash flow runs well ahead of reported net income — non-cash charges (depreciation, intangible amortization) are holding down GAAP earnings while cash generation stays strong.
Risk
Software — competitive moat is durable until it isn't; watch net revenue retention, gross margin trends, and any new market entrant with a fundamentally lower price point.
FOURShift4 Payments, Inc.
Why now
Software - Infrastructure · market cap $4.3b. Down 53% from 52-week high of $92.79 — deep drawdown territory. Revenue growing +32% — in hypergrowth territory. PEG 0.38 — paying under fair value for the growth rate. 21 sell-side analysts rate this a Buy with a mean 1-yr target of $60.29 (implying +39% upside).
Moat
Free cash flow runs well ahead of reported net income — non-cash charges (depreciation, intangible amortization) are holding down GAAP earnings while cash generation stays strong. Software economics — recurring revenue, embedded customer workflows, and high gross margin all compound the moat once a base account is won. Switching costs are the lever.
Risk
D/E 2.57 is elevated — limits strategic flexibility and raises refinancing exposure if rates stay higher for longer. Down 53% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Beta 1.41 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.