Added to YB: 2026-08-21
Pitch date: 2026-08-18
MELI [neutral]
MercadoLibre, Inc.
+8.02%
current return
Author Info
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Company Info
MercadoLibre, Inc. operates online commerce platforms in Brazil, Mexico, Argentina, and internationally.
Market Cap
$96.8B
Pitch Price
$1.8K
Price Target
2.5K (+29%)
Dividend
N/A
EV/EBITDA
23.42
P/E
51.94
EV/Sales
2.96
Sector
Broadline Retail
Category
growth
The Amazon of Latin America might be a Perfect Business... So Why Am I Not Buying It?
MELI (pass): 'Amazon of LatAm' super-app (e-comm, fintech, logistics, credit, ads). Q2'26 rev $10.17B (+50% YoY), GMV $21.9B, TPV >$100B, but op margin fell to 6.7% (-550bps) on shipping subsidies vs Shopee/Temu/Nubank. DCF base case: $2,462 PT by 2031 = only 7.7% CAGR at $1,700. No margin of safety; too hard pile.
Read full article (19 min)