MELI

MercadoLibre Inc

TMT, Consumer


Presented:04/06/2020
Price:$506.16
Cap:$25.16B
Current Price:$2,033.62
Cap:$103.10B

Presented

Date04/06/2020
Price$506.16
Market Cap$25.16B
Ent Value$26.50B
P/E RatioN/A
Book Value$39.89
Div Yield0%
Shares O/S49.71M
Ave Daily Vol725,916
Short Int4.47%

Current

Price$2,033.62
Market Cap$103.10B
MercadoLibre, Inc. engages in the provision of online commerce platform with focus on e-commerce and its related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, Venezuela, and Other Countries. The firm provides users a mechanism for buying, selling and paying as well as collecting, generating leads, and comparing lists through e-commerce transactions. The company was founded by Marcos Eduardo Galperin on October 15, 1999 and is headquartered in Buenos Aires, Argentina.

Publicly traded companies mentioned herein: Alibaba Group Holding Ltd (BABA), Amazon.com Inc (AMZN), JD.com Inc (JD), Magazine Luiza SA (MGLU3 BZ), MercadoLibre Inc (MELI)

Highlights

The presenter is short shares of MercadoLibre Inc (MELI), which is often referred to as “the Alibaba (BABA) of Brazil/Latin America.” Shares currently at trade at a 2021 EV/Gross Profit multiple of ~12x, a major premium to the 4x – 6x multiples that e-commerce peers AMZN and JD trade at, despite macroeconomic and microeconomic headwinds to MELI. As the story plays out, he thinks Street estimates will fall drastically, causing significant valuation compression and an attractive risk/reward (20%/50%) profile. 

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.