Professional
Added to YB: 2026-08-31
Pitch date: 2026-08-27
MELI [neutral]
MercadoLibre, Inc.
+1.25%
current return
Author Info
Hayden Capital is an investment firm that follows a research-intensive, concentrated strategy. We travel the world, seeking to invest in growing businesses run by world-class founders. Sign up for the newsletter.
Company Info
MercadoLibre, Inc. operates online commerce platforms in Brazil, Mexico, Argentina, and internationally.
Market Cap
$98.9B
Pitch Price
$1.9K
Price Target
N/A
Dividend
N/A
EV/EBITDA
23.89
P/E
53.08
EV/Sales
3.02
Sector
Broadline Retail
Category
growth
Hayden Capital Portfolio Holding: MercadoLibre, Inc.
MELI (hold): MercadoLibre’s ~$2.2B logistics reinvestment is showing early traction: 18M new buyers over the past year, including an estimated 8M above the prior trajectory, while existing-user transaction frequency rose ~15%. Estimated incremental ROIC is ~18% if contribution margins normalize and up to ~37% if advertising take rates reach 6.5%; realizing that payoff could reverse the shares’ ~34% decline from last year’s high.
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