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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…
$1,813.91
$43.51 (-2.34%)
EOD Jul 17, 2026
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 48x 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.
47.9x earnings, 7.8x 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%
Continue Research
At a P/E of 47.9 and a price-to-free-cash-flow of 7.8, MercadoLibre (MELI) trades below a two-stage DCF intrinsic value of about $11,506.92 per share, so at $1,813.91 the stock looks undervalued (534.4% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, MercadoLibre scores 68/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $11,506.92 per share for MELI, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $8,630.19. At today's $1,813.91, that puts the stock about 534.4% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
MercadoLibre scores 68 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 9.6% operating margin and a 9.9% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. MELI currently trades below its estimated intrinsic value and scores 68/100 on quality (solid). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.