---
title: MercadoLibre (MELI) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/meli
ticker: MELI
as_of: 2026-10-17
sector: Consumer Cyclical
industry: Specialty Retail
---
# MercadoLibre (MELI)

MercadoLibre (MELI) closed at $1,834.00 on Oct 16, 2026, overvalued by 861% vs its model value of $190.86 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $1,834.00 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $190.86 |
| Price vs model | overvalued by 861% vs model |
| Range of that model | $92.45 – $538.88 |
| Market value | $93.0B |
| P/E (fiscal 2025) | 46.5 |
| Net margin (fiscal 2025) | 6.9% |
| Free cash flow (fiscal 2025) | $10.8B |
| Dividend yield (trailing twelve months) | 0.00% |
| Beta | 1.31 |
| Cost of capital (WACC) | 9.24% |
| Business classification | High Growth (High revenue growth (~39% recent), Moderate margins (10% net margin), Highly cyclical earnings, High leverage (D/E 2.0x), Strong FCF yield (11.6%)) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Highest free cash flow yield | #20 | 11.6% | https://sweetvaluelab.com/lists/highest-free-cash-flow-yield |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $190.86 | $92.45 | $538.88 |
| DCF · Perpetuity growth · 10y | cross check | $795.80 | $472.08 | $1,956.56 |
| DCF · EBITDA exit · 5y | cross check | $135.79 | $59.36 | $607.24 |
| DCF · EBITDA exit · 10y | cross check | $726.68 | $257.87 | $1,536.79 |
| P/E · peers | cross check | $834.82 | $748.54 | $1,061.59 |
| P/E · own history | cross check | $3,538.78 | $2,182.50 | $5,596.54 |
| PEG | sanity check | $958.19 | $958.19 | $958.19 |
| EV/EBITDA · peers | cross check | $1,873.19 | $1,427.44 | $2,333.76 |
| EV/Revenue · peers | cross check | $2,079.58 | $1,562.56 | $2,622.94 |
| Earnings power value | cross check | $53.87 | $18.40 | $103.08 |

## Insider activity (SEC Form 4)

No open-market insider buys or sales filed in the past 90 days.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Jun 11, 2026 | Melamud Marcelo | SVP - Chief Accounting Officer | Open-market buy | 124.64 | $199,999.8 |
| Jun 12, 2026 | Tolda Stelleo | Director | Grant / award | 94 | $0 |
| Jun 10, 2026 | Tolda Stelleo | Director | Bona fide gift | 250 | $0 |
| Jun 12, 2026 | Dubugras Henrique Vasoncelos | Director | Grant / award | 94 | $0 |
| Jun 12, 2026 | Calemzuk Emiliano | Director | Grant / award | 94 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Sep 14, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1099590/000114036126036495/ef20081942_8k.htm |
| Sep 10, 2026 | 8-K | 1.01 Entry into a Material Agreement; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1099590/000114036126036136/ef20081842_8k.htm |
| Aug 6, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1099590/000109959026000023/meli-20260630.htm |
| Aug 5, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1099590/000109959026000021/meli-20260805.htm |
| Jun 12, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/1099590/000199937126012770/meli-8k_060926.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Henry Ellenbogen | 2026-06-30 | 308,663 | $523.9M |
| Chase Coleman | 2026-06-30 | 153,126 | $259.9M |
| Polen Capital | 2026-06-30 | 25,926 | $44.0M |
| Thomas Gayner | 2026-06-30 | 24,000 | $40.7M |

8 tracked managers in all.

## About

MercadoLibre, Inc. operates as a prominent provider of digital commerce platforms throughout Latin America. Its primary service, the Mercado Libre Marketplace, is an automated online system allowing businesses, independent vendors, and private individuals to list merchandise and finalize sales. Supporting this, the Mercado Pago FinTech platform offers a financial technology solution, facilitating transactions both on and off its e-commerce sites by enabling users to securely send and receive online payments and transfer funds via web and mobile applications. The company further expands its financial offerings through Mercado Fondo, a service that permits users to invest balances held in their Mercado Pago accounts, and Mercado Credito, which extends credit options to qualified merchants and consumers. For logistics, Mercado Envios provides a comprehensive solution, empowering sellers on…

---

Source: https://sweetvaluelab.com/stocks/meli (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.