Added to YB: 2026-06-01
Pitch date: 2026-05-28
MELI [bullish]
MercadoLibre, Inc.
Author Info
No bio for this author
Company Info
MercadoLibre, Inc. operates online commerce platforms in Brazil, Mexico, Argentina, and internationally.
Market Cap
$86.0B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
20.72
P/E
44.77
EV/Sales
2.91
Sector
Broadline Retail
Category
growth
MercadoLibre: Picture Amazon 2005
MELI: Down 33% YoY on deliberate margin compression (Q1'26 op margin -600bps to 6.9%, EPS missed 2.88%) despite rev +49%, GMV +42%, TPV +50%. Building Amazon-2005-style logistics/fintech moat in under-penetrated LatAm (7 online buys/yr vs 41 US). Credit book +87% to $14.6B, NPL stable 8%, now BBB-. Trades 2.76x EV/Rev vs 9.42x 10yr median. Risks: FX, Mexico tax reform, credit concentration. Bought 17 shares @$1,693.57.
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