BH-A vs DLO

Comparison between Biglari Holdings Inc - Class A (BH-A, Company) and DLocal Ltd Class A (DLO, Company).

BH-A is from the Consumer Cyclical sector, while DLO is from the Technology sector.

5-Year PerformanceBH-A has outperformed DLO, delivering a return of +19.1% compared to -22.0%

BH-A vs DLO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BH-A(COMPANY)	DLO(COMPANY)
Market Cap	$4.28B	$4.28B
Max Drawdown	77.48%	89.99%
Sharpe Ratio	0.58	0.71
5Y Beta	0.53	1.18
Industry	Restaurants	Software - Infrastructure
P/E Ratio	192.33	22.34
Forward P/E	N/A	13.53
PEG Ratio	N/A	0.74
Dividend Yield	N/A	1.31%
5Y EPS CAGR	N/A	33.22%
Debt to Equity	40.64%	0.50%
Free Cash Flow Yield	1.90%	8.69%
P/S Ratio	3.32	3.46
P/B Ratio	1.70	7.86

Market Cap

Winner

BH-A

$4.28B

DLO

$4.28B

Max Drawdown

Winner

BH-A

77.48%

DLO

89.99%

Sharpe Ratio

BH-A

0.58

Winner

DLO

0.71

5Y Beta

Winner

BH-A

0.53

DLO

1.18

Industry

BH-A

Restaurants

DLO

Software - Infrastructure

P/E Ratio

BH-A

192.33

Winner

DLO

22.34

Forward P/E

BH-A

N/A

DLO

13.53

PEG Ratio

BH-A

N/A

DLO

0.74

Dividend Yield

BH-A

N/A

DLO

1.31%

5Y EPS CAGR

BH-A

N/A

DLO

33.22%

Debt to Equity

BH-A

40.64%

Winner

DLO

0.50%

Free Cash Flow Yield

BH-A

1.90%

Winner

DLO

8.69%

P/S Ratio

Winner

BH-A

3.32

DLO

3.46

P/B Ratio

Winner

BH-A

1.70

DLO

7.86

BH-A vs DLO - Historical Returns

Returns include dividend reinvestment.

Period	BH-A	DLO
1 month	+9.19%	+15.88%
3 months	+15.06%	+7.57%
6 months	-20.92%	-0.51%
1 year	+22.11%	+28.06%
5 years(CAGR)	+19.11%	-22.03%
10 years(CAGR)	+6.18%	N/A
Max(CAGR)	+6.18%	-13.92%

BH-A

+9.19%

Winner

DLO

+15.88%

Winner

BH-A

+15.06%

DLO

+7.57%

BH-A

-20.92%

Winner

DLO

-0.51%

BH-A

+22.11%

Winner

DLO

+28.06%

5Y(CAGR)

Winner

BH-A

+19.11%

DLO

-22.03%

10Y(CAGR)

BH-A

+6.18%

DLO

N/A

Max(CAGR)

Winner

BH-A

+6.18%

DLO

-13.92%

BH-A vs DLO - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	BH-A	DLO
2026	+6.00%	+1.76%
2025	+37.01%	+26.79%
2024	+60.59%	-35.10%
2023	+14.88%	+15.09%
2022	-1.08%	-56.07%
2021	+20.87%	+10.19%
2020	-0.68%	N/A
2019	-5.44%	N/A
2018	-50.01%	N/A

BH-A vs DLO Drawdown Comparison

The maximum drawdown for BH-A was -77.48%, occurring on May 15, 2020. Recovery took 1668 trading sessions.

The maximum drawdown for DLO was -89.99%, occurring on Aug 5, 2024. This drawdown has not yet recovered.

The current BH-A drawdown is -21.84%. The current DLO drawdown is -78.27%.

Rank	BH-A	DLO
#1	-77.48% May 1, 2018 - Dec 16, 2024	-89.99% Aug 24, 2021 - Aug 5, 2024
#2	-45.84% Jan 21, 2026 - May 11, 2026	-19.61% Jul 2, 2021 - Aug 19, 2021
#3	-24.85% Dec 26, 2024 - Jun 18, 2025	-10.20% Jun 4, 2021 - Jun 18, 2021
#4	-22.73% Oct 27, 2025 - Dec 23, 2025	-2.88% Aug 20, 2021 - Aug 24, 2021
#5	-13.54% Jul 23, 2025 - Aug 15, 2025	-0.88% Jun 30, 2021 - Jul 2, 2021
#6	-8.99% Dec 17, 2024 - Dec 26, 2024	N/A
#7	-7.47% Dec 23, 2025 - Jan 6, 2026	N/A
#8	-5.99% Aug 28, 2025 - Oct 2, 2025	N/A
#9	-5.15% Aug 15, 2025 - Aug 27, 2025	N/A
#10	-3.02% Oct 9, 2025 - Oct 13, 2025	N/A
#11	-2.74% Jun 23, 2025 - Jul 8, 2025	N/A
#12	-2.20% Jan 16, 2026 - Jan 21, 2026	N/A
#13	-2.01% Jul 9, 2025 - Jul 17, 2025	N/A
#14	-1.31% Oct 15, 2025 - Oct 17, 2025	N/A
#15	-1.00% Oct 2, 2025 - Oct 7, 2025	N/A

Correlation

Correlation between BH-A and DLO is -0.38 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.38

-101