coteauBeta Get App

MELI

MercadoLibre, Inc.
$1,879.50
+2.16% Oct 20 close
Consumer Cyclical Compare
-26%-15%-5%+6%+17%Oct 2025Oct 2026Apr 2026
MELISPY
1W
+0.2%
1M
+5.2%
3M
+3.1%
6M
+1.4%
YTD
-6.7%
1Y
-10.6%

Live chart

Loading live chart…

What they do

MercadoLibre, Inc. operates online commerce platforms in Brazil, Mexico, Argentina, and internationally. The company operates Mercado Libre Marketplace, an online commerce platform that can be accessed through mobile app or website; and Mercado Pago, a financial technology solution platform, which offers comprehensive set of financial technology services to users and other users of its e-commerce platform.

Consumer Cyclical · Internet Retail

For information only · Important disclosures

Grades vs sector

No sector grades for MELI yet. Grades rank S&P 1500 stocks within their sector and refresh after each daily data run, so a stock outside that index or newly covered has none.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
Outside this model's universe or screens
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
Shopify Just Rallied 35% in a Month: Take Profits, or Buy More?
24/7 Wall St. · Oct 20
Should You Buy, Sell or Hold MELI Stock at a P/S Valuation of 1.83X?
Zacks · Oct 16
MercadoLibre's Commerce-Fintech Flywheel Gains Strength
Zacks · Oct 12
Can MercadoLibre's Cross-Border Trade Drive Its Next Growth Phase?
Zacks · Oct 09
Not Amazon. Not Sea Limited. This $94 Billion E-Commerce Powerhouse Dominates Latin America.
Motley Fool · Oct 07

Key stats

Market value$94.0B
P/E (last 12 months)50.4
P/E (next 12 months, estimated)33.0
52-week range$1,495.00 – $2,428.00
Revenue growth (latest quarter vs a year ago)+49.8%
Dividend yieldNo dividend
Analyst consensusBuy (26)
Average analyst price target$2,270.01 (+21%)
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Looks undervalued
Model read-out from the numbers below, not advice. Score +3 (DCF counts double).
▲DCF (base case)above the price by 624%
•Piotroski F-score5/9
•Altman Z2.5 (grey)
▲Net debt / EBITDA1.3x
▲Analyst target+21% (26 analysts)

Discounted cash flow

Bear
$6,192
+229%
growth 18% · disc. 11.8% · term. 2.0%
Base
$13,609
+624%
growth 30% · disc. 10.8% · term. 2.5%
Bull
$24,553
+1206%
growth 38% · disc. 9.8% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal
Today's price implies shrinking cash flows: about -5% a year for 10 years.
Implied
-5%/yr
FCF, last 3 yrs
+70%/yr
FCF, last 5 yrs
+67%/yr
Revenue, last 3 yrs
+39%/yr
Revenue, last 5 yrs
+49%/yr
Same inputs as the DCF above: trailing free cash flow 13.2B, 10.8% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.31 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs sector

Forward EPS $56.24 vs trailing $36.77 (+53% expected growth). Forward P/E uses analysts' next-12-month estimate.

Quality & financial health

Gross margin
42.7%
Operating margin
8.3%
FCF margin
37.4%
Net margin
5.3%
Return on equity
23.8%
Return on invested capital
16.3%
Net debt / EBITDA
1.3×
Current ratio
1.1×
Interest cover
154.2×
Cash conversion (OCF/NI)
7.5×
Piotroski F-score 5/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✓ No share dilution✗ Gross margin improved✗ Asset turnover improved

Altman Z-score 2.5 (grey zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target
$2,270
+21%
Analysts
26
Buy
Range
$1,750–$2,800
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$28.9B$2.0B$12.1B
2024$20.8B$1.9B$7.9B
2023$15.1B$987.0M$4.6B
2022$10.8B$482.0M$2.5B
2021$7.1B$83.0M$392.0M
2020$4.0B$-1.0M$935.0M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +38.9%.

Earnings

Next report: 2026-11-04 · during market · EPS est 9.34
24-1125-0225-0525-0825-1026-0226-0526-080.0012.61
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-08-058.899.19+3.4%
2026-05-078.478.23-2.9%
2026-02-2411.4311.03-3.5%
2025-10-289.378.32-11.2%
2025-08-0411.7510.31-12.2%
2025-05-077.999.74+21.9%
2025-02-207.5612.61+66.8%
2024-11-069.857.83-20.5%

Quarterly revenue

QuarterRevenueYoY
2026-06-30$10.2B+49.8%
2026-03-31$8.8B–
2025-12-31$8.8B–
2025-09-30$7.4B–
2025-06-30$6.8B–
Analyst actions
Citigroup
2026-10-13 · main
Neutral → Neutral
PT $2,100
Cantor Fitzgerald
2026-10-12 · main
Overweight → Overweight
PT $2,200
Susquehanna
2026-10-06 · main
Positive → Positive
PT $2,500
BTIG
2026-09-03 · reit
Buy → Buy
PT $2,150
JP Morgan
2026-08-11 · main
Neutral → Neutral
PT $2,150
Cantor Fitzgerald
2026-08-06 · main
Overweight → Overweight
PT $2,300

Recent dividends

2017-12-28: $0.150 · 2017-09-28: $0.150 · 2017-06-28: $0.150 · 2017-03-29: $0.150 · 2016-12-28: $0.150 · 2016-09-28: $0.150 · 2016-06-28: $0.150 · 2016-03-29: $0.150

Stats refreshed 2026-10-21 17:57:39 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

Free. Not investment advice. Unsubscribe anytime.

coteau

Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app

Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.

Beta 0.9 · Oct 21, 2026