Added to YB: 2026-03-02
Pitch date: 2026-02-26
MELI [bullish]
MercadoLibre, Inc.
+1.05%
current return
Author Info
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Company Info
MercadoLibre, Inc. operates online commerce platforms in Brazil, Mexico, Argentina, and internationally.
Market Cap
$89.6B
Pitch Price
$1.7K
Price Target
N/A
Dividend
N/A
EV/EBITDA
21.04
P/E
44.88
EV/Sales
3.28
Sector
Broadline Retail
Category
growth
The company that divides long-term investors and short-term speculators: Mercado Libre
MELI (added to position): Q4 blowout: GMV +36%, items sold +43%, TPV up, credit portfolio +90%, active buyers +23%. Commerce rev +40%, Fintech +50%. Op margin -340bps to 10.1% from growth investments (lower free shipping, marketing, bad debt provisions). Mgmt estimates 5-6pp margin hit from investments; mature margin 15-16% vs 10.1%. Owner earnings $6B (6.4% yield). Credit risk: $12.5B portfolio, 23.3% NIMAL, provisions cover mild/moderate recession. Analysts expect $69B rev by FY2030 (30%/23%/17%/17%/7% CAGR). Long-term flywheel vs short-term margin focus.
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