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MercadoLibre, Inc. (together with its subsidiaries us, we, our, "MercadoLibre," or the Company ) is the leading online commerce and fintech ecosystem in Latin America. Our e-commerce platform is the leader in the region based on gross merchandise volume ( GMV ), and our fintech platform is the leader in monthly active users ( MAUs ) among fintech companies in Argentina, Chile and Mexico, and th…
$1672.83
$58.15 (-3.36%)
Last close via Marketstack
11.08% operating margin is respectable but not wide. ROIC at 12.11%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 39.1%, still solid.
At 44x earnings, the current multiple leaves limited room for execution misses or growth deceleration. ROIC dropped from 15.98% to 12.11%, capital efficiency is deteriorating.
44.1x earnings, 7.2x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$31.80B
▲ +39.1% YoY
Net Income (TTM)
$1.92B
▲ +4.5% YoY
Op. Margin
9.59%
▼ -1.6pp YoY
ROIC
9.92%
▼ -3.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$11.82B
▲ +52.6% YoY
Op. Cash Flow (TTM)
$13.16B
▲ +53.0% YoY
Net Debt
$13.18B
Cash & Equiv.
$5.65B
5Y CAGR: +48.7%
5Y CAGR: +63.0%
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