Added to YB: 2024-05-20
Pitch date: 2024-05-19
MELI [bullish]
MercadoLibre, Inc.
+15.25%
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
$105.2B
Pitch Price
$1.7K
Price Target
2.4K (+21%)
Dividend
N/A
EV/EBITDA
25.94
P/E
50.64
EV/Sales
4.24
Sector
Broadline Retail
Category
growth
MercadoLibre – A deep dive into this Latin American industry leader
MELI: LatAm e-commerce & fintech giant growing at 41% 10yr CAGR. 22% e-commerce market share with 28% GMV CAGR since 2016. Mercado Pago digital payments leader with 49M MAUs, 2x in 2yrs. Secular tailwinds: LatAm e-commerce to grow 22% CAGR, digital payments 10-15%. Q1 beat: rev +37% (94% FX-neutral), margins expanding. 20%+ growth ahead with 35-40% EPS growth. Trades at 51x with 1.16 PEG. $2432 2yr PT for 13% ann. return. Accumulate
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