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MercadoLibre Inc Stock Research

MELI

1203.59USD+16.96(+1.43%)Market Closed

Market Summary

USD1203.59+16.96
Market Closed
1.43%

MELI Alerts

MELI Stock Price

MELI RSI Chart

MELI Valuation

Market Cap

60.5B

Price/Earnings (Trailing)

125.5

Price/Sales (Trailing)

5.74

EV/EBITDA

40.96

Price/Free Cashflow

24.33

MELI Price/Sales (Trailing)

MELI Profitability

EBT Margin

7.40%

Return on Equity

26.38%

Return on Assets

3.51%

Free Cashflow Yield

4.11%

MELI Fundamentals

MELI Revenue

Revenue (TTM)

10.5B

Revenue Y/Y

40.94%

Revenue Q/Q

11.6%

MELI Earnings

Earnings (TTM)

482.0M

Earnings Y/Y

458.7%

Earnings Q/Q

27.91%

Price Action

52 Week Range

600.681275.82
(Low)(High)

Last 7 days

-5.1%

Last 30 days

6.9%

Last 90 days

42.4%

Trailing 12 Months

24.9%

MELI Financial Health

Current Ratio

1.28

MELI Investor Care

Buy Backs (1Y)

0.32%

Diluted EPS (TTM)

9.54

Peers (Alternatives to MercadoLibre)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
1.0T
514.0B
-3.36% -34.72%
-374.76
1.98
9.40% -108.16%
101.3B
17.1B
-0.30% 16.13%
33.13
5.93
55.96% 162.49%
60.5B
10.5B
6.89% 24.85%
125.5
5.74
49.06% 480.72%
23.0B
9.8B
-16.60% -24.00%
-18.16
2.35
-6.00% -109.33%
14.2B
2.6B
-22.27% -16.19%
-20.5
5.55
11.73% -479.56%
MID-CAP
2.6B
827.8M
-9.05% -19.18%
33.78
3.11
7.04% -17.17%
SMALL-CAP
1.9B
1.1B
-6.10% -43.07%
31.86
1.7
23.56% -41.21%
1.2B
577.1M
-29.77% -23.08%
-9.53
2.15
23.20% -200596.92%
582.0M
1.8B
13.29% -47.53%
-1.97
0.32
-16.43% -882.41%
452.7M
285.6M
-1.60% -23.64%
11.13
1.58
6.38% -18.68%
296.3M
364.5M
-26.05% -49.75%
-3.53
0.81
-29.59% -31.65%
114.9M
674.1M
-30.23% -71.98%
-0.75
0.17
-37.99% -248.09%
114.4M
1.9B
-13.59% -74.81%
2.44
0.06
240.28% 230.65%

Financials for MercadoLibre

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue9.0%10,5379,6658,8337,9397,069
Gross Profit13.3%5,1634,5584,0173,4873,005
Operating Expenses7.3%4,1293,8493,4442,9982,564
  S&GA Expenses-14.1%1,2961,5081,4561,4111,074
  R&D Expenses15.3%1,099953813698590
EBITDA113.6%1,430670650502-
EBITDA Margin79.0%0.14*0.08*0.08*0.07*-
Earnings Before Taxes77.7%780439367342241
EBT Margin63.0%0.07*0.05*0.04*0.04*-
Interest Expenses325.9%24758.00---
Net Income77.9%48227123718283.00
Net Income Margin63.1%0.05*0.03*0.03*0.02*-
Free Cahsflow54.5%2,4861,6091,094400-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets14.8%13,73611,96211,44711,02310,101
  Current Assets17.1%10,9539,3518,8638,7058,175
    Cash Equivalents31.3%1,9101,4551,3291,5732,585
  Inventory-5.0%152160183239253
  Net PPE5.1%993945932967807
  Goodwill4.1%153147149162148
Liabilities15.3%11,90910,3319,8679,4348,570
  Current Liabilities22.3%8,5627,0026,8236,2285,837
Shareholder's Equity12.0%1,8271,6311,5801,5891,531
  Retained Earnings22.1%913748619496397
  Additional Paid-In Capital0.0%2,3092,3082,3082,3082,439
Shares Outstanding-0.1%50.0050.0050.0050.0050.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations40.1%2,9402,0991,640997965
Cashflow From Investing1.6%-3,871-3,935-3,902-2,723-1,597
Cashflow From Financing-71.3%9163,1873,2672,9361,925
  Buy Backs-8.1%148161418500486

Risks for MELI

What is the probability of a big loss on MELI?

98.1%


Probability that MercadoLibre stock will be more than 20% underwater in next one year

70.8%


Probability that MercadoLibre stock will be more than 30% underwater in next one year.

26.1%


Probability that MercadoLibre stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MELI drawdown profile look like?

Y-axis is the maximum loss one would have experienced if MercadoLibre was unfortunately bought at previous high price.

Drawdowns

Returns for MELI

Cumulative Returns on MELI

29.0%


10-Year Cumulative Returns

40.0%


7-Year Cumulative Returns

25.7%


5-Year Cumulative Returns

30.4%


3-Year Cumulative Returns

What are the long-term rolling returns for MELI?

FIve years rolling returns for MercadoLibre.

Annualized Returns

Which funds bought or sold MELI recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
added
2.69
38,159
808,159
0.02%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-7.68
-826,970
13,891,000
0.01%
2023-03-10
BAILLIE GIFFORD & CO
added
5.91
396,228,000
5,183,470,000
5.40%
2023-03-08
Capital Asset Advisory Services LLC
sold off
-100
-519,000
-
-%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-4.86
-220,000
7,807,000
0.04%
2023-03-03
TIAA, FSB
reduced
-7.32
-13,744
246,256
-%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
638,911
638,911
0.01%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
added
60.00
8,310
20,310
0.01%
2023-02-28
CYPRESS ASSET MANAGEMENT INC/TX
reduced
-3.81
-55,206
3,264,790
1.19%
2023-02-27
HARVEY CAPITAL MANAGEMENT INC
unchanged
-
31,296
1,396,300
0.58%

1–10 of 44

Latest Funds Activity

Are funds buying MELI calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own MELI
No. of Funds

MercadoLibre News

Seeking Alpha

Wayfair, Farfetch and Etsy lead rally in online retail stocks with ....

Seeking Alpha,
5 hours ago

Nasdaq

Yahoo Finance

Pulse 2.0

InvestorPlace

Zacks Investment Research

Top Research Reports for Merck, Intel & MercadoLibre.

Zacks Investment Research,
2 days ago

The Motley Fool

Schedule 13G FIlings of MercadoLibre

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2023
capital research global investors
5.7%
2,871,662
SC 13G/A
Feb 13, 2023
galperin trust
7.56%
3,800,000
SC 13G/A
Feb 09, 2023
morgan stanley
5.1%
2,563,574
SC 13G
Jan 20, 2023
baillie gifford & co
12.18%
6,125,300
SC 13G/A
May 25, 2022
galperin trust
7.74%
3,900,000
SC 13G/A
May 04, 2022
baillie gifford & co
10.03%
5,053,193
SC 13G/A
Feb 11, 2022
capital research global investors
9.2%
4,641,606
SC 13G/A
Jan 26, 2022
baillie gifford & co
9.83%
4,957,539
SC 13G/A
Feb 16, 2021
capital research global investors
5.8%
2,885,754
SC 13G/A
Feb 03, 2021
galperin trust
7.8%
3,900,000
SC 13G/A

MELI Fair Value

MercadoLibre fair value in different scenarios

The table shows the Fair Value estimates for MercadoLibre for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

636.15

-47.15%

832.59

-30.82%

1737.94

44.40%

2933.45

143.73%

5003.99

315.76%
Current Inflation

581.31

-51.70%

749.58

-37.72%

1528.52

27.00%

2540.64

111.09%

4292.45

256.64%
Very High Inflation

513.37

-57.35%

648.79

-46.10%

1280.82

6.42%

2083.92

73.14%

3473.08

188.56%

Historical MercadoLibre Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of MercadoLibre

View All Filings
Date Filed Form Type Document
Mar 09, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Feb 24, 2023
10-K
Annual Report
Feb 23, 2023
8-K
Current Report
Feb 13, 2023
SC 13G/A
Major Ownership Report
Feb 13, 2023
SC 13G/A
Major Ownership Report
Feb 09, 2023
SC 13G
Major Ownership Report
Jan 20, 2023
SC 13G/A
Major Ownership Report

Latest Insider Trading transactions for MELI

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-08
de la Serna Juan Martin
sold
-187,500
1,250
-150
executive vp corporate affairs
2023-03-07
de la Serna Juan Martin
sold
-189,750
1,265
-150
executive vp corporate affairs
2023-03-07
Calemzuk Emiliano
sold
-188,400
1,256
-150
-
2022-08-08
Aguzin Alejandro Nicolas
acquired
-
-
115
-
2022-08-08
SEGAL SUSAN
back to issuer
-
-
115
-
2022-08-08
Petroni Merhy Andrea Mayumi
acquired
-
-
115
-
2022-08-08
Dubugras Henrique Vasoncelos
acquired
-
-
115
-
2022-08-08
Sanders Richard A
acquired
-
-
115
-
2022-08-08
Vazquez Mario
acquired
-
-
115
-
2022-08-08
Calemzuk Emiliano
acquired
-
-
115
-

1–10 of 43

Marcos E. Galperin
30000
MercadoLibre, Inc. operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases online; and Mercado Pago FinTech, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps. The company also offers Mercado Fondo that allows users to invest funds deposited in their Mercado Pago accounts; Mercado Credito, which extends loans to certain merchants and consumers; and Mercado Envios logistics solution that enables sellers on its platform to utilize third-party carriers and other logistics service providers, as well as fulfillment and warehousing services for sellers. In addition, it provides Mercado Libre Classifieds, an online classified listing service, where users can list and purchase motor vehicles, real estate, and services; Mercado Libre Ads, an advertising platform, which enables large retailers and brands to promote their products and services on the Internet; and Mercado Shops, an online storefronts solution that enables users to set-up, manage, and promote their own digital stores. MercadoLibre, Inc. was incorporated in 1999 and is headquartered in Montevideo, Uruguay.

MELI Income Statement

2022-12-31
Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net revenues$ 10,537$ 7,069$ 3,974
Cost of net revenues(5,374)(4,064)(2,265)
Gross profit5,1633,0051,709
Operating expenses:   
Product and technology development(1,099)(590)(353)
Sales and marketing(1,296)(1,074)(768)
Provision for doubtful accounts(1,073)(435)(133)
General and administrative(661)(465)(327)
Total operating expenses(4,129)(2,564)(1,581)
Income from operations1,034441128
Other income (expenses):   
Interest income and other financial gains265138103
Interest expense and other financial losses[1](321)(229)(107)
Foreign currency losses, net(198)(109)(43)
Net income before income tax expense78024181
Income tax expense(298)(149)(82)
Equity in earnings of unconsolidated entity0(9)0
Net income (loss)$ 482$ 83$ (1)
Basic EPS: Basic net income (loss)   
Available to shareholders per common share - basic (in dollars per share)$ 9.57$ 1.67$ (0.08)
Weighted average of outstanding common shares (in shares)50,345,35349,802,99349,740,407
Diluted EPS: Diluted net income (loss)   
Available to shareholders per common share - diluted (in dollars per share)$ 9.53$ 1.67$ (0.08)
Weighted average of outstanding common shares (in shares)51,335,62149,802,99349,740,407
Service   
Net revenues$ 9,442$ 6,149$ 3,690
Product   
Net revenues$ 1,095$ 920$ 284
[1]Includes $49 million of loss on debt extinguishment and premium related to the 2028 Notes repurchase recognized in January 2021. See Note17 to these audited consolidated financial statements for further detail.

MELI Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 1,910$ 2,585
Restricted cash and cash equivalents1,4531,063
Short-term investments ($1,219 and $602 held in guarantee - Note 5)2,339810
Accounts receivable, net13098
Credit card receivables and other means of payments, net2,9461,839
Loans receivable, net of allowances of $1,074 and $408 (Note 7)1,7041,199
Prepaid expenses3840
Inventories152253
Customer crypto-assets safeguarding assets (Note 2)150
Other assets266288
Total current assets10,9538,175
Non-current assets:  
Long-term investments32289
Loans receivable, net of allowances of $30 and $27 (Note 7)3261
Property and equipment, net993807
Operating lease right-of-use assets656461
Goodwill153148
Intangible assets, net2545
Deferred tax assets346181
Other assets256134
Total non-current assets2,7831,926
Total assets13,73610,101
Current liabilities:  
Accounts payable and accrued expenses1,3931,036
Funds payable to customers3,4542,393
Amounts payable due to credit and debit card transactions483337
Salaries and social security payable401313
Taxes payable414291
Loans payable and other financial liabilities2,1311,285
Operating lease liabilities14292
Customer crypto-assets safeguarding liabilities (Note 2)150
Other liabilities12990
Total current liabilities8,5625,837
Non-current liabilities:  
Amounts payable due to credit and debit card transactions54
Loans payable and other financial liabilities2,6272,233
Operating lease liabilities514372
Deferred tax liabilities10662
Other liabilities9562
Total non-current liabilities3,3472,733
Total liabilities11,9098,570
Commitments and contingencies (Note 15)
Equity  
Common stock, 0.001 par value, 110,000,000 shares authorized, 50,257,751 and 50,418,980 shares issued and outstanding00
Additional paid-in capital2,3092,439
Treasury stock(931)(790)
Retained earnings913397
Accumulated other comprehensive loss(464)(515)
Total Equity1,8271,531
Total Liabilities and Equity$ 13,736$ 10,101