Added to YB: 2026-02-27
Pitch date: 2026-02-25
MELI [neutral]
MercadoLibre, Inc.
-2.8%
current return
Author Info
No bio for this author
Company Info
MercadoLibre, Inc. operates online commerce platforms in Brazil, Mexico, Argentina, and internationally.
Market Cap
$97.5B
Pitch Price
$1.8K
Price Target
2.8K (+58%)
Dividend
N/A
EV/EBITDA
23.15
P/E
48.81
EV/Sales
3.55
Sector
Broadline Retail
Category
growth
MercadoLibre's 4Q25 Earnings: $12.5 Billion Identity Crisis
MELI (earnings): Rev +45%, Mexico +56%, unit shipping costs -11%, logistics thesis validated. But $12.5B credit book (4x vs 2yrs ago) now dominates P&L; provisions $3.1B nearly = $3.2B op income. NIMAL compressed 580bps to 22.4%. Market re-rating from tech (35x) to capital-intensive lender. Bull: credit matures, ads scale (67% growth), margins normalize to 14%, $2,500-2,800 target. Bear: Brazil recession before book seasons, $1,400-1,600.
Read full article (8 min)