MercadoLibre, Inc.

BMV:MELI N Stock Report

Market Cap: Mex$2.1t

MercadoLibre Valuation

Is MELI N undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MELI N when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MELI N (MX$40965.69) is trading above our estimate of fair value (MX$16824.24)

Significantly Below Fair Value: MELI N is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MELI N?

Key metric: As MELI N is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MELI N. This is calculated by dividing MELI N's market cap by their current earnings.
What is MELI N's PE Ratio?
PE Ratio70.7x
EarningsUS$1.44b
Market CapUS$101.65b

Price to Earnings Ratio vs Peers

How does MELI N's PE Ratio compare to its peers?

The above table shows the PE ratio for MELI N vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.7x
LIVEPOL C-1 El Puerto de Liverpool. de
6.2x5.1%Mex$141.6b
GSANBOR B-1 Grupo Sanborns. de
12.8xn/aMex$58.4b
GPH 1 Grupo Palacio de Hierro. de
6.3xn/aMex$16.6b
PDD PDD Holdings
9.3x14.2%US$139.0b
MELI N MercadoLibre
70.7x28.0%Mex$101.6b

Price-To-Earnings vs Peers: MELI N is expensive based on its Price-To-Earnings Ratio (70.7x) compared to the peer average (7.3x).

Price to Earnings Ratio vs Industry

How does MELI N's PE Ratio compare vs other companies in the Global Multiline Retail Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MELI N 70.7xIndustry Avg. 20.1xNo. of Companies20PE01632486480+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MELI N is expensive based on its Price-To-Earnings Ratio (70.7x) compared to the Global Multiline Retail industry average (20.1x).

Price to Earnings Ratio vs Fair Ratio

What is MELI N's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MELI N PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio70.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MELI N's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MELI N forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentMex$40,965.69
Mex$46,639.55
+13.9%
10.5%Mex$57,345.96Mex$35,841.23n/a25
Nov ’25Mex$41,400.02
Mex$46,237.44
+11.7%
12.0%Mex$56,044.80Mex$33,026.40n/a25
Oct ’25Mex$40,075.38
Mex$43,700.54
+9.0%
11.0%Mex$52,393.94Mex$32,378.28n/a24
Sep ’25Mex$40,400.00
Mex$42,055.85
+4.1%
9.6%Mex$48,705.96Mex$32,405.18n/a22
Aug ’25Mex$30,150.00
Mex$35,774.19
+18.7%
7.5%Mex$39,462.28Mex$26,906.10n/a22
Jul ’25Mex$29,135.40
Mex$36,122.47
+24.0%
7.6%Mex$41,530.79Mex$27,443.25n/a22
Jun ’25Mex$28,800.01
Mex$33,144.65
+15.1%
7.8%Mex$38,136.00Mex$25,200.00n/a23
May ’25Mex$25,115.00
Mex$32,761.76
+30.4%
10.1%Mex$36,880.06Mex$23,903.74n/a24
Apr ’25Mex$25,100.01
Mex$32,556.97
+29.7%
8.6%Mex$35,757.73Mex$23,284.10n/a24
Mar ’25Mex$27,385.00
Mex$33,277.87
+21.5%
9.5%Mex$37,440.92Mex$23,826.04n/a24
Feb ’25Mex$29,645.00
Mex$31,655.34
+6.8%
10.6%Mex$37,590.30Mex$22,725.05n/a23
Jan ’25Mex$26,860.01
Mex$29,679.62
+10.5%
11.7%Mex$35,854.08Mex$22,493.36n/a23
Dec ’24Mex$28,414.00
Mex$29,379.78
+3.4%
12.1%Mex$36,319.84Mex$22,785.56n/a24
Nov ’24Mex$23,089.71
Mex$28,758.52
+24.6%
13.7%Mex$38,296.45Mex$22,443.50Mex$41,400.0224
Oct ’24Mex$22,100.00
Mex$27,649.54
+25.1%
13.1%Mex$37,334.90Mex$21,578.89Mex$40,075.3823
Sep ’24Mex$24,100.00
Mex$27,622.22
+14.6%
13.0%Mex$37,259.03Mex$21,535.04Mex$40,400.0024
Aug ’24Mex$20,430.00
Mex$25,707.80
+25.8%
11.1%Mex$31,981.80Mex$20,930.50Mex$30,150.0022
Jul ’24Mex$20,544.00
Mex$26,890.68
+30.9%
9.4%Mex$31,089.28Mex$21,470.50Mex$29,135.4021
Jun ’24Mex$22,100.00
Mex$27,647.95
+25.1%
9.9%Mex$32,040.80Mex$22,127.63Mex$28,800.0121
May ’24Mex$23,045.60
Mex$26,335.65
+14.3%
14.7%Mex$31,824.42Mex$14,383.92Mex$25,115.0022
Apr ’24Mex$23,291.82
Mex$25,498.23
+9.5%
14.4%Mex$32,023.90Mex$14,474.08Mex$25,100.0122
Mar ’24Mex$21,900.00
Mex$25,010.80
+14.2%
14.8%Mex$31,680.08Mex$14,482.32Mex$27,385.0022
Feb ’24Mex$22,097.28
Mex$23,798.87
+7.7%
13.7%Mex$29,144.96Mex$15,042.56Mex$29,645.0022
Jan ’24Mex$16,370.01
Mex$24,475.96
+49.5%
12.7%Mex$30,011.88Mex$15,490.00Mex$26,860.0122
Dec ’23Mex$18,043.00
Mex$24,965.89
+38.4%
14.7%Mex$31,933.11Mex$15,482.72Mex$28,414.0022
Nov ’23Mex$18,164.75
Mex$25,659.65
+41.3%
15.1%Mex$32,693.76Mex$15,851.52Mex$23,089.7123

Analyst Forecast: Target price is less than 20% higher than the current share price.

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