MERCADOLIBRE INC (MELI)

Services-Business Services, NEC

Latest Price

$1900.24

TTM P/E

51.68

Normalized P/E

76.33

Div Yield

Book Value

154.53

P/B Ratio

12.30

Valuation metrics

EPS: $39.40

Book value / share: $133.10

Formula: √(22.5 × EPS × BVPS)

Graham Number

$343.51

82% downside

Norm. op. income: $1.0B (median of 7yr)

Tax rate: 37%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$72.15

96% downside

Base FCF: $4.6B (median of recent 5yr)

Growth: 25%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$6,741.15

+255% upside

EPS: $39.40

Target P/E: 76×

Formula: EPS × P/E

P/E Fair Value

$2,994.40

+58% upside

78.8% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Capital Research Global Investors	3.14M	$5.33B	6.19%	+420.9K	2026-06-30
BAILLIE GIFFORD & CO	3.04M	$5.16B	6.00%	-192.8K	2026-06-30
Capital International Investors	1.87M	$3.18B	3.70%	+135.9K	2026-06-30
Capital World Investors	1.77M	$3.01B	3.50%	-420.8K	2026-06-30
MORGAN STANLEY	1.50M	$2.54B	2.95%	-88.9K	2026-06-30
Invesco Ltd.	1.47M	$2.49B	2.90%	+1.07M	2026-06-30
EAGLE CAPITAL MANAGEMENT LLC	1.41M	$2.39B	2.78%	+621.0K	2026-06-30
BlackRock, Inc.	1.32M	$2.25B	2.61%	-43.8K	2026-06-30
PRICE T ROWE ASSOCIATES INC /MD/	1.15M	$1.95B	2.26%	-91.0K	2026-06-30
CITADEL ADVISORS LLC	1.02M	$1.73B	2.01%	+323.0K	2026-06-30