Taiwan Sakura 9911

July 18, 2019 - 10:05pm EST by

member

						2019	2020
Price:		48.00		EPS		3.678	0
Shares Out. (in M):		221		P/E		13	0
Market Cap (in $M):		10,613		P/FCF		800	0
Net Debt (in $M):		1		EBIT		823	0
TEV (in $M):		8		TEV/EBIT		10.9	0

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7	member 11/16/22 12:51PM MW short report
Any thoughts on the MW report? Some pretty serious allegations of fraud. Doesn't seem to be a single smoking gun in there but Dlo has always been a bit mysterious to me. view available tags
6	member 3/17/22 6:58PM Re: Question 3
Missed this. What most people miss with blended take rates is you almost never really have take rate compression, instead its a mix/shift (e.g., card take rate much lower than APM) & customer concentration (largest... login to read the rest view available tags
5	member 3/17/22 6:51PM Re: DLO Quarter 4
Beyond being a really good quarter think Sumita's experience shined through as an incredibly strong first full-year earnings call addressing the bear thesis head on with detailed data (cohort TPV / take rate charts /... login to read the rest view available tags
3	member 1/29/22 3:22PM Question
alum88, Thanks for quality write-up. Do you have any thoughts on what I would describe as the early disappointment on GMs / take rates since coming public? Why don't these large customers continue to pressure take rates... login to read the rest 1 view available tags
2	member 1/10/22 4:06PM Re: How hard to replicate? 1
There's nothing that would prohibit a Stripe or Adyen from obtaining the requisite reglatory licenses & offer payment processing services but Stripe & Adyen would likely want to own the acquiring business as well vs.... login to read the rest 1 view available tags
1	member 1/10/22 2:51PM How hard to replicate?
Thanks for the write-up. Do you know very tactically why this is hard to replicate and they can charge such high take rates? I haven't spent much time in payments, but don't understand why Stripe/Adyen/a... login to read the rest 1 view available tags

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