MERCADOLIBRE, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,406 USD | +3.09% |
|
+3.65% | -10.53% |
| Apr. 24 | Wedbush Cuts Price Target on MercadoLibre to $1,800 From $2,000, Maintains Outperform Rating | MT |
| Apr. 19 | ETF of the week: Diversifying into frontier markets |  |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 28,431 | 83,387 | 72,084 | 42,562 | 79,456 | 71,281 | - | - |
| Enterprise Value (EV) 1 | 26,200 | 81,047 | 71,145 | 41,618 | 76,623 | 67,050 | 65,402 | 61,991 |
| P/E ratio | -154 x | -20,940 x | 807 x | 88.8 x | 80.8 x | 41.7 x | 30.3 x | 22.5 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 12.4 x | 21 x | 10.2 x | 4.04 x | 5.49 x | 4.05 x | 3.3 x | 2.76 x |
| EV / Revenue | 11.4 x | 20.4 x | 10.1 x | 3.95 x | 5.29 x | 3.81 x | 3.03 x | 2.4 x |
| EV / EBITDA | -328 x | 348 x | 110 x | 29 x | 29.2 x | 21.1 x | 15.5 x | 11.7 x |
| EV / FCF | 83.4 x | 86.6 x | 181 x | 16.7 x | 16.5 x | 26.3 x | 17.8 x | 12.9 x |
| FCF Yield | 1.2% | 1.15% | 0.55% | 5.97% | 6.04% | 3.8% | 5.6% | 7.74% |
| Price to Book | 14.3 x | 50.6 x | 44.4 x | 23.3 x | 25.9 x | 14.3 x | 9.35 x | 5.96 x |
| Nbr of stocks (in thousands) | 49,710 | 49,777 | 53,459 | 50,295 | 50,560 | 50,697 | - | - |
| Reference price 2 | 571.9 | 1,675 | 1,348 | 846.2 | 1,572 | 1,406 | 1,406 | 1,406 |
| Announcement Date | 2/10/20 | 3/1/21 | 2/22/22 | 2/23/23 | 2/22/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,296 | 3,973 | 7,069 | 10,537 | 14,473 | 17,581 | 21,568 | 25,782 |
| EBITDA 1 | -79.84 | 232.7 | 644.6 | 1,437 | 2,628 | 3,183 | 4,226 | 5,321 |
| EBIT 1 | -153.2 | 127.7 | 440.7 | 1,034 | 2,104 | 2,587 | 3,553 | 4,649 |
| Operating Margin | -6.67% | 3.21% | 6.23% | 9.81% | 14.54% | 14.72% | 16.47% | 18.03% |
| Earnings before Tax (EBT) 1 | -107.2 | 81.32 | 240.6 | 780 | 1,553 | 2,478 | 3,542 | 4,857 |
| Net income 1 | -172 | -0.707 | 83.3 | 482 | 987 | 1,693 | 2,344 | 3,165 |
| Net margin | -7.49% | -0.02% | 1.18% | 4.57% | 6.82% | 9.63% | 10.87% | 12.27% |
| EPS 2 | -3.710 | -0.0800 | 1.670 | 9.530 | 19.46 | 33.70 | 46.47 | 62.54 |
| Free Cash Flow 1 | 314.3 | 935.5 | 392.1 | 2,486 | 4,631 | 2,548 | 3,665 | 4,800 |
| FCF margin | 13.69% | 23.54% | 5.55% | 23.59% | 32% | 14.49% | 16.99% | 18.62% |
| FCF Conversion (EBITDA) | - | 402.05% | 60.83% | 173% | 176.22% | 80.03% | 86.73% | 90.22% |
| FCF Conversion (Net income) | - | - | 470.7% | 515.77% | 469.2% | 150.44% | 156.35% | 151.69% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 2/10/20 | 3/1/21 | 2/22/22 | 2/23/23 | 2/22/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,857 | 2,131 | 2,248 | 2,597 | 2,690 | 3,002 | 3,037 | 3,415 | 3,760 | 4,261 | 3,867 | 4,144 | 4,434 | 5,100 | 4,755 |
| EBITDA 1 | 212.7 | 90.5 | 223 | 350 | 393 | 471 | 466 | 686 | 820 | 707 | 614.9 | 778 | 889 | 868.6 | 876.4 |
| EBIT 1 | 160.4 | 23.32 | 139 | 250 | 296 | 349 | 340 | 558 | 685 | 572 | 489.7 | 633 | 725.5 | 714.4 | 699.3 |
| Operating Margin | 8.63% | 1.09% | 6.18% | 9.63% | 11% | 11.63% | 11.2% | 16.34% | 18.22% | 13.42% | 12.66% | 15.28% | 16.36% | 14.01% | 14.71% |
| Earnings before Tax (EBT) 1 | 126.1 | -33.94 | 111 | 163 | 198 | 308 | 320 | 472 | 531 | 230 | 427.9 | 577.9 | 704.5 | 676.3 | 627.5 |
| Net income 1 | 95.22 | -46.1 | 65 | 123 | 129 | 165 | 201 | 262 | 359 | 165 | 301 | 401.2 | 478.3 | 457.5 | 407.5 |
| Net margin | 5.13% | -2.16% | 2.89% | 4.74% | 4.8% | 5.5% | 6.62% | 7.67% | 9.55% | 3.87% | 7.78% | 9.68% | 10.79% | 8.97% | 8.57% |
| EPS 2 | 1.920 | -0.9200 | 1.300 | 2.430 | 2.560 | 3.250 | 3.970 | 5.160 | 7.160 | 3.250 | 5.949 | 8.064 | 9.489 | 9.481 | 8.410 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/4/21 | 2/22/22 | 5/5/22 | 8/3/22 | 11/3/22 | 2/23/23 | 5/3/23 | 8/2/23 | 11/1/23 | 2/22/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 2,231 | 2,340 | 939 | 944 | 2,833 | 4,230 | 5,879 | 9,290 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 314 | 936 | 392 | 2,486 | 4,631 | 2,548 | 3,665 | 4,801 |
| ROE (net income / shareholders' equity) | -14.8% | -0.04% | 5.23% | 28.7% | 40.3% | 42.9% | 39.9% | 36.1% |
| ROA (Net income/ Total Assets) | -4.9% | -0.01% | 1% | 4.04% | 6.29% | 8.06% | 8.72% | 8.32% |
| Assets 1 | 3,511 | 5,656 | 8,314 | 11,919 | 15,692 | 21,005 | 26,884 | 38,041 |
| Book Value Per Share 2 | 39.90 | 33.10 | 30.40 | 36.40 | 60.60 | 98.20 | 150.0 | 236.0 |
| Cash Flow per Share 2 | 9.260 | 23.80 | 19.40 | 57.30 | 101.0 | 48.30 | 60.40 | 82.40 |
| Capex 1 | 137 | 247 | 573 | 454 | 509 | 666 | 808 | 855 |
| Capex / Sales | 5.96% | 6.22% | 8.1% | 4.31% | 3.52% | 3.79% | 3.75% | 3.32% |
| Announcement Date | 2/10/20 | 3/1/21 | 2/22/22 | 2/23/23 | 2/22/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
24
Last Close Price
1,406
USD
Average target price
1,906
USD
Spread / Average Target
+35.58%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -10.53% | 71.28B | |
| -2.53% | 184B | |
| -8.43% | 91.88B | |
| +41.15% | 91.6B | |
| +13.73% | 53.58B | |
| +19.26% | 26.35B | |
| +17.48% | 10.05B | |
| -11.43% | 8.53B | |
| -15.19% | 5.59B | |
| -14.39% | 3.7B |
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- Financials MercadoLibre, Inc.
