MELI

MercadoLibre Inc

TMT, Consumer


Presented:11/29/2022
Price:$889.26
Cap:$44.73B
Current Price:$2,033.62
Cap:$103.10B

Presented

Date11/29/2022
Price$889.26
Market Cap$44.73B
Ent Value$43.71B
P/E Ratio165.55x
Book Value$32.43
Div Yield0%
Shares O/S50.29M
Ave Daily Vol651,152
Short Int2.28%

Current

Price$2,033.62
Market Cap$103.10B
MercadoLibre, Inc. engages in the development of an online commerce platform with a focus on e-commerce and related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, and Other Countries. The Other Countries segment includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Bolivia, Honduras, Nicaragua, El Salvador, Guatemala, Paraguay, Uruguay, and the United States of America. Its products provide 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 Montevideo, Uruguay.

Publicly traded companies mentioned herein: MercadoLibre Inc (MELI)

Highlights

The presenter is long shares of MercadoLibre Inc (MELI), the largest online marketplace in Latin America, on the idea that the stock’s compressed multiple needs to rerate higher in light of recent positive performance for the core e-commerce business. The stock trades in tandem with US TMT growth and is down 60% off its COVID highs. What’s different, though, is that MercadoLibre has been revising growth and earnings upwards all throughout the tech meltdown and inflation. 

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Idea Discussion

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