MERCADOLIBRE INC
$1,491.49
+16.40 (+1.11%) · delayed · Nov 13, 2026
Five-year price
52w $1,463.20 to $2,342.00
- Market cap
- $75.6B
- Enterprise value
- $81.1B
- P/E
- 37.9×
- 46.3× on 3y avg EPS
- EV / EBIT
- 25.3×
- FCF yield
- 14.2%
- ROIC
- 18.3%
- Debt / equity
- 1.36
- Piotroski F
- 5/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
- ●ROIC > 12% (5y avg)5y avg ROIC 20.3%
- ●ROE > 15% (5y avg)5y avg ROE 27.5%
- ●Stable operating marginsMargin volatility 4.4% (σ, 5y)
- ●Earnings convert to cashFCF / net income 473% (5y avg)
- ●Growing revenueRevenue CAGR 5y 38.6%
- ○Shrinking share countDiluted shares 1.9% over 5y
Value
- ○P/E below 15P/E 37.9
- ○EV/EBIT below 12EV/EBIT 25.3
- ●FCF yield above 6%FCF yield 14.2%
- ○Price below Graham NumberGraham Number $343.51
- ○P/B below 3P/B 11.2
Safety
- ○Debt / equity below 0.5D/E 1.36
- ●Debt payable in < 4 yrs of earningsNet debt $5.5B
- ○Interest coverage > 8xCoverage 5.2x
- ○Current ratio > 1.5Current ratio 1.17
- ○Piotroski F-score ≥ 6F-score 5/9
Graham Defensive
- ●Adequate size (revenue > $2B)Revenue $20.3B
- ○Strong condition (current ratio ≥ 2)Current ratio 1.17
- ○Earnings stability (no loss, 10y)10 years of data
- ○Uninterrupted dividendsDividends paid every year on record
- ●Earnings growth ≥ 33% (10y, 3y avgs)EPS growth 3642%
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 46.3
- ○P/E × P/B ≤ 22.5Product 519.3
Valuation lab
What do you have to believe?
At $1,491.49, the market is pricing in about −7.6% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt $5.5B · 51M shares · 5y revenue CAGR 38.6%
Intrinsic value
$12,400.19
Price
$1,491.49
Margin of safety
88%
What the price implies
The market is paying for −7.6% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
70% of the value sits beyond year 10. That means the answer depends mostly on the long-run assumptions.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 844 | 1,217 | 1,440 | 2,296 | 3,974 | 5,710 | 7,450 | 10,487 | 15,137 | 20,335 |
| Gross profit | 537 | 720 | 697 | 1,102 | 1,709 | 3,005 | 5,198 | 7,590 | 9,577 | 12,858 |
| Operating income | 181 | 56 | (69) | (153) | 128 | 441 | 1,069 | 2,207 | 2,631 | 3,201 |
| Operating margin | 21.4% | 4.6% | -4.8% | -6.7% | 3.2% | 7.7% | 14.3% | 21.0% | 17.4% | 15.7% |
| Pre-tax income | 185 | 54 | (65) | (107) | 81 | 241 | 780 | 1,553 | 2,432 | 2,842 |
| Income tax | 49 | 40 | (29) | 65 | 82 | 149 | 298 | 569 | 521 | 845 |
| Net income | 136 | 14 | (37) | (172) | (1) | 83 | 482 | 987 | 1,911 | 1,997 |
| EPS (diluted) | 3.09 | 0.31 | -0.82 | -3.71 | -0.08 | 1.67 | 9.53 | 19.46 | 37.69 | 39.40 |
| Diluted shares | 44 | 44 | 45 | 49 | 50 | 50 | 51 | 51 | 51 | 51 |
Who owns it
Superinvestors
Filings wire