# MercadoLibre Inc. (MELI) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Consumer Cyclical / Internet & Direct Marketing Retail. Price $1978.36, market value $100.3 billion.

## Valuation
- **P/E (trailing): 53.8×** (5-yr avg 214.6×, 3-yr avg 59.0×). MercadoLibre Inc. trades at 53.8× trailing earnings, well below its own five-year average of 214.6×: cheap by its own standards. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 34.8×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 7.67**. A PEG of 7.67 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 3.6×**. Each dollar of revenue is priced at 3.6×.
- **Price / book: 12.8×**. The shares trade at 12.8× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 27.2×**. Enterprise value is 27.2× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 12.4%** (5-yr avg 6.2%). Free cash flow equals 12.4% of the market value, above its five-year average of 6.2%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 1.9%**. The inverse of the P/E: 1.9% of the price is earned each year.

## Profitability
- **Gross margin: 54.4%**. MercadoLibre Inc. keeps 54.4% of revenue after the direct cost of what it sells.
- **Operating margin: 10.5%**. 10.5% of revenue is left after running the business.
- **Net margin: 9.8%**. 9.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 29.6%**. 29.6% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 18.7%**. Return on all capital, debt included, is 18.7%: comfortably above what that capital costs.
- **Return on assets: 4.4%**. Each dollar of assets produces 4.4% of profit.

## Growth
- **Revenue growth (1 yr): 34.3%** (3-yr 39.8%/yr, 5-yr 38.6%/yr). Revenue grew 34.3% over the last year, against 38.6% a year compounded over five years.
- **EPS growth (1 yr): 4.5%** (3-yr 60.5%/yr). Earnings per share rose 4.5%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 63.0%/yr**. Free cash flow has compounded at 63.0% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 1.36**. Debt is 1.36 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 1.4×**. It would take 1.4 years of operating earnings to repay net borrowings, within the comfortable range.
- **Altman Z-score: 2.62**. A Z-score of 2.62 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. MercadoLibre Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (24 analysts). 24 analysts cover MercadoLibre Inc.; the consensus is buy, with an average price target of $2264.88 (+14% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -18.2%** (YTD -1.8%, 3-mo 23.0%). The shares are down 18.2% over twelve months including dividends.
- **From 52-week high: -22.4%** (32.3% above the low). Trading 22% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 58**. An RSI of 58 is neutral.
- **Beta (1 yr): 1.11** (volatility 41%). Beta of 1.11 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MELI · Page: https://foliofundamentals.com/stocks/meli

Not investment advice.