Intrinsic value of MercadoLibre - MELI

Previous Close

$346.56

  Intrinsic Value

$224.34

stock screener

  Rating & Target

sell

-35%

Previous close

$346.56

 
Intrinsic value

$224.34

 
Up/down potential

-35%

 
Rating

sell

We calculate the intrinsic value of MELI stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 15.3

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  18.10
  16.79
  15.61
  14.55
  13.59
  12.74
  11.96
  11.27
  10.64
  10.08
  9.57
  9.11
  8.70
  8.33
  8.00
  7.70
  7.43
  7.18
  6.97
  6.77
  6.59
  6.43
  6.29
  6.16
  6.04
  5.94
  5.85
  5.76
  5.69
  5.62
Revenue, $m
  1,651
  1,928
  2,229
  2,554
  2,901
  3,270
  3,662
  4,074
  4,508
  4,962
  5,436
  5,932
  6,448
  6,985
  7,544
  8,124
  8,728
  9,355
  10,006
  10,684
  11,388
  12,121
  12,883
  13,677
  14,504
  15,365
  16,263
  17,200
  18,178
  19,199
Variable operating expenses, $m
  1,294
  1,509
  1,743
  1,995
  2,265
  2,552
  2,856
  3,176
  3,513
  3,866
  4,223
  4,607
  5,008
  5,425
  5,859
  6,310
  6,779
  7,266
  7,772
  8,298
  8,846
  9,415
  10,007
  10,623
  11,265
  11,935
  12,632
  13,360
  14,120
  14,913
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  1,294
  1,509
  1,743
  1,995
  2,265
  2,552
  2,856
  3,176
  3,513
  3,866
  4,223
  4,607
  5,008
  5,425
  5,859
  6,310
  6,779
  7,266
  7,772
  8,298
  8,846
  9,415
  10,007
  10,623
  11,265
  11,935
  12,632
  13,360
  14,120
  14,913
Operating income, $m
  357
  419
  486
  559
  636
  719
  806
  898
  995
  1,096
  1,214
  1,324
  1,440
  1,559
  1,684
  1,814
  1,948
  2,088
  2,234
  2,385
  2,542
  2,706
  2,876
  3,053
  3,238
  3,430
  3,631
  3,840
  4,058
  4,286
EBITDA, $m
  405
  473
  547
  626
  711
  802
  898
  999
  1,105
  1,216
  1,333
  1,454
  1,581
  1,712
  1,849
  1,992
  2,140
  2,293
  2,453
  2,619
  2,792
  2,971
  3,158
  3,353
  3,556
  3,767
  3,987
  4,217
  4,457
  4,707
Interest expense (income), $m
  8
  29
  48
  68
  91
  115
  142
  169
  199
  230
  262
  296
  332
  369
  408
  448
  490
  534
  579
  626
  675
  726
  779
  834
  891
  951
  1,013
  1,078
  1,145
  1,216
  1,289
Earnings before tax, $m
  328
  371
  418
  468
  521
  577
  637
  699
  765
  834
  917
  992
  1,070
  1,152
  1,236
  1,324
  1,415
  1,509
  1,608
  1,710
  1,816
  1,927
  2,042
  2,162
  2,287
  2,417
  2,553
  2,695
  2,843
  2,997
Tax expense, $m
  89
  100
  113
  126
  141
  156
  172
  189
  207
  225
  248
  268
  289
  311
  334
  357
  382
  408
  434
  462
  490
  520
  551
  584
  618
  653
  689
  728
  768
  809
Net income, $m
  240
  271
  305
  341
  380
  421
  465
  511
  559
  609
  670
  724
  781
  841
  902
  966
  1,033
  1,102
  1,174
  1,248
  1,326
  1,407
  1,491
  1,578
  1,670
  1,765
  1,864
  1,967
  2,075
  2,188

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,975
  2,307
  2,667
  3,055
  3,470
  3,912
  4,380
  4,873
  5,392
  5,935
  6,503
  7,095
  7,713
  8,355
  9,023
  9,718
  10,440
  11,190
  11,969
  12,780
  13,622
  14,498
  15,410
  16,360
  17,349
  18,379
  19,454
  20,575
  21,745
  22,966
Adjusted assets (=assets-cash), $m
  1,975
  2,307
  2,667
  3,055
  3,470
  3,912
  4,380
  4,873
  5,392
  5,935
  6,503
  7,095
  7,713
  8,355
  9,023
  9,718
  10,440
  11,190
  11,969
  12,780
  13,622
  14,498
  15,410
  16,360
  17,349
  18,379
  19,454
  20,575
  21,745
  22,966
Revenue / Adjusted assets
  0.836
  0.836
  0.836
  0.836
  0.836
  0.836
  0.836
  0.836
  0.836
  0.836
  0.836
  0.836
  0.836
  0.836
  0.836
  0.836
  0.836
  0.836
  0.836
  0.836
  0.836
  0.836
  0.836
  0.836
  0.836
  0.836
  0.836
  0.836
  0.836
  0.836
Average production assets, $m
  210
  245
  283
  324
  368
  415
  465
  517
  572
  630
  690
  753
  819
  887
  958
  1,032
  1,108
  1,188
  1,271
  1,357
  1,446
  1,539
  1,636
  1,737
  1,842
  1,951
  2,065
  2,184
  2,309
  2,438
Working capital, $m
  -350
  -409
  -473
  -541
  -615
  -693
  -776
  -864
  -956
  -1,052
  -1,153
  -1,258
  -1,367
  -1,481
  -1,599
  -1,722
  -1,850
  -1,983
  -2,121
  -2,265
  -2,414
  -2,570
  -2,731
  -2,899
  -3,075
  -3,257
  -3,448
  -3,646
  -3,854
  -4,070
Total debt, $m
  611
  878
  1,168
  1,480
  1,814
  2,170
  2,547
  2,944
  3,361
  3,799
  4,256
  4,733
  5,230
  5,747
  6,285
  6,844
  7,425
  8,029
  8,656
  9,309
  9,987
  10,692
  11,426
  12,191
  12,987
  13,816
  14,681
  15,584
  16,525
  17,509
Total liabilities, $m
  1,590
  1,857
  2,147
  2,459
  2,793
  3,149
  3,526
  3,923
  4,340
  4,778
  5,235
  5,712
  6,209
  6,726
  7,264
  7,823
  8,404
  9,008
  9,635
  10,288
  10,966
  11,671
  12,405
  13,170
  13,966
  14,795
  15,660
  16,563
  17,504
  18,488
Total equity, $m
  385
  450
  520
  596
  677
  763
  854
  950
  1,051
  1,157
  1,268
  1,384
  1,504
  1,629
  1,760
  1,895
  2,036
  2,182
  2,334
  2,492
  2,656
  2,827
  3,005
  3,190
  3,383
  3,584
  3,793
  4,012
  4,240
  4,478
Total liabilities and equity, $m
  1,975
  2,307
  2,667
  3,055
  3,470
  3,912
  4,380
  4,873
  5,391
  5,935
  6,503
  7,096
  7,713
  8,355
  9,024
  9,718
  10,440
  11,190
  11,969
  12,780
  13,622
  14,498
  15,410
  16,360
  17,349
  18,379
  19,453
  20,575
  21,744
  22,966
Debt-to-equity ratio
  1.590
  1.950
  2.250
  2.480
  2.680
  2.840
  2.980
  3.100
  3.200
  3.280
  3.360
  3.420
  3.480
  3.530
  3.570
  3.610
  3.650
  3.680
  3.710
  3.740
  3.760
  3.780
  3.800
  3.820
  3.840
  3.860
  3.870
  3.880
  3.900
  3.910
Adjusted equity ratio
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  240
  271
  305
  341
  380
  421
  465
  511
  559
  609
  670
  724
  781
  841
  902
  966
  1,033
  1,102
  1,174
  1,248
  1,326
  1,407
  1,491
  1,578
  1,670
  1,765
  1,864
  1,967
  2,075
  2,188
Depreciation, amort., depletion, $m
  48
  54
  60
  67
  75
  83
  92
  101
  110
  120
  119
  130
  141
  153
  165
  178
  191
  205
  219
  234
  249
  265
  282
  299
  318
  336
  356
  377
  398
  420
Funds from operations, $m
  287
  325
  365
  409
  455
  504
  556
  611
  669
  729
  789
  854
  923
  994
  1,067
  1,144
  1,224
  1,307
  1,393
  1,482
  1,575
  1,672
  1,773
  1,878
  1,987
  2,101
  2,220
  2,344
  2,473
  2,609
Change in working capital, $m
  -54
  -59
  -64
  -69
  -74
  -78
  -83
  -87
  -92
  -96
  -101
  -105
  -109
  -114
  -118
  -123
  -128
  -133
  -138
  -144
  -149
  -155
  -162
  -168
  -175
  -183
  -190
  -199
  -207
  -216
Cash from operations, $m
  341
  384
  429
  478
  529
  583
  639
  699
  761
  825
  889
  959
  1,032
  1,107
  1,186
  1,267
  1,352
  1,440
  1,531
  1,626
  1,725
  1,827
  1,935
  2,046
  2,162
  2,284
  2,410
  2,543
  2,681
  2,825
Maintenance CAPEX, $m
  -31
  -36
  -42
  -49
  -56
  -64
  -72
  -80
  -89
  -99
  -109
  -119
  -130
  -141
  -153
  -165
  -178
  -191
  -205
  -219
  -234
  -249
  -265
  -282
  -299
  -318
  -336
  -356
  -377
  -398
New CAPEX, $m
  -32
  -35
  -38
  -41
  -44
  -47
  -50
  -52
  -55
  -58
  -60
  -63
  -66
  -68
  -71
  -74
  -77
  -80
  -83
  -86
  -89
  -93
  -97
  -101
  -105
  -109
  -114
  -119
  -124
  -130
Cash from investing activities, $m
  -63
  -71
  -80
  -90
  -100
  -111
  -122
  -132
  -144
  -157
  -169
  -182
  -196
  -209
  -224
  -239
  -255
  -271
  -288
  -305
  -323
  -342
  -362
  -383
  -404
  -427
  -450
  -475
  -501
  -528
Free cash flow, $m
  279
  312
  349
  388
  429
  472
  518
  566
  616
  669
  720
  777
  837
  898
  962
  1,028
  1,097
  1,169
  1,243
  1,321
  1,401
  1,485
  1,572
  1,663
  1,758
  1,857
  1,960
  2,068
  2,180
  2,297
Issuance/(repayment) of debt, $m
  243
  267
  290
  312
  334
  356
  377
  397
  417
  437
  457
  477
  497
  517
  538
  559
  581
  604
  628
  652
  678
  705
  734
  764
  796
  830
  865
  902
  942
  983
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  243
  267
  290
  312
  334
  356
  377
  397
  417
  437
  457
  477
  497
  517
  538
  559
  581
  604
  628
  652
  678
  705
  734
  764
  796
  830
  865
  902
  942
  983
Total cash flow (excl. dividends), $m
  521
  579
  639
  700
  763
  828
  895
  963
  1,034
  1,106
  1,178
  1,254
  1,333
  1,415
  1,500
  1,587
  1,678
  1,773
  1,871
  1,973
  2,079
  2,191
  2,306
  2,428
  2,554
  2,686
  2,825
  2,970
  3,122
  3,281
Retained Cash Flow (-), $m
  -59
  -65
  -70
  -76
  -81
  -86
  -91
  -96
  -101
  -106
  -111
  -116
  -120
  -125
  -130
  -135
  -141
  -146
  -152
  -158
  -164
  -171
  -178
  -185
  -193
  -201
  -210
  -219
  -228
  -238
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  462
  515
  568
  624
  682
  742
  804
  867
  933
  1,000
  1,067
  1,139
  1,213
  1,290
  1,369
  1,452
  1,538
  1,626
  1,719
  1,815
  1,915
  2,020
  2,129
  2,242
  2,361
  2,485
  2,615
  2,751
  2,893
  3,042
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  443
  471
  495
  514
  529
  538
  543
  542
  536
  524
  507
  486
  461
  433
  402
  369
  335
  300
  265
  231
  198
  168
  140
  114
  92
  73
  56
  43
  32
  23
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

MercadoLibre, Inc. is an e-commerce company. The Company enables commerce through its marketplace platform in Latin America, which is designed to provide users with a portfolio of services to facilitate commercial transactions. Its geographic segments are Brazil, Argentina, Mexico Venezuela and Other Countries (which includes Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America). It also operates online commerce platforms in the Dominican Republic, Honduras, Nicaragua, Salvador, Panama, Bolivia, Guatemala, Paraguay and Portugal. It offers an ecosystem of six integrated e-commerce services: the MercadoLibre Marketplace, the MercadoLibre Classifieds Service, the MercadoPago payments solution, the MercadoLibre advertising program, the MercadoShops online Webstores solution and the MercadoEnvios shipping service.

FINANCIAL RATIOS  of  MercadoLibre (MELI)

Valuation Ratios
P/E Ratio 112.5
Price to Sales 18.1
Price to Book 35.7
Price to Tangible Book
Price to Cash Flow 80.5
Price to Free Cash Flow 135.4
Growth Rates
Sales Growth Rate 29.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 20.3%
Cap. Spend. - 3 Yr. Gr. Rate -7.5%
Financial Strength
Quick Ratio 41
Current Ratio 0
LT Debt to Equity 70.4%
Total Debt to Equity 73.2%
Interest Coverage 24
Management Effectiveness
Return On Assets 12%
Ret/ On Assets - 3 Yr. Avg. 11%
Return On Total Capital 19.7%
Ret/ On T. Cap. - 3 Yr. Avg. 17%
Return On Equity 35.4%
Return On Equity - 3 Yr. Avg. 28.9%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 63.6%
Gross Margin - 3 Yr. Avg. 67.4%
EBITDA Margin 26.3%
EBITDA Margin - 3 Yr. Avg. 26.6%
Operating Margin 21.4%
Oper. Margin - 3 Yr. Avg. 21.5%
Pre-Tax Margin 21.9%
Pre-Tax Margin - 3 Yr. Avg. 22.3%
Net Profit Margin 16.1%
Net Profit Margin - 3 Yr. Avg. 15.2%
Effective Tax Rate 26.5%
Eff/ Tax Rate - 3 Yr. Avg. 32%
Payout Ratio 17.6%

MELI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MELI stock intrinsic value calculation we used $1398.095 million for the last fiscal year's total revenue generated by MercadoLibre. The default revenue input number comes from 0001 income statement of MercadoLibre. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our MELI stock valuation model: a) initial revenue growth rate of 18.1% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for MELI is calculated based on our internal credit rating of MercadoLibre, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of MercadoLibre.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of MELI stock the variable cost ratio is equal to 78.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for MELI stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 7.8% for MercadoLibre.

Corporate tax rate of 27% is the nominal tax rate for MercadoLibre. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the MELI stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for MELI are equal to 12.7%.

Life of production assets of 5.8 years is the average useful life of capital assets used in MercadoLibre operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for MELI is equal to -21.2%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $325.779 million for MercadoLibre - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 44.157 million for MercadoLibre is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of MercadoLibre at the current share price and the inputted number of shares is $15.3 billion.

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COMPANY NEWS

▶ Better Buy: Alphabet vs. Mercadolibre   [Dec-09-18 05:54PM  Motley Fool]
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▶ MercadoLibre Posts Another Loss   [05:16PM  Motley Fool]
▶ MercadoLibre: 3Q Earnings Snapshot   [04:19PM  Associated Press]
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▶ Better Buy: MercadoLibre, Inc. vs. Amazon   [Oct-26-18 07:46PM  Motley Fool]
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▶ Stock Market Rises On Strength In Internet-Related Stocks   [Sep-27-18 11:55AM  Investor's Business Daily]
▶ Bear of the Day: MercadoLibre (MELI)   [Sep-19-18 06:55AM  Zacks]
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▶ Small Caps, Nasdaq Lead Stock Market; MercadoLibre Leaps   [11:57AM  Investor's Business Daily]
▶ Here's What's Held Back MercadoLibre Lately   [Aug-08-18 07:42PM  Motley Fool]
▶ MercadoLibre: 2Q Earnings Snapshot   [04:07PM  Associated Press]
▶ 5 Earnings Charts to Watch This Week   [Aug-07-18 04:54PM  Zacks]
▶ Weighing MercadoLibre's Vast Payments Opportunity   [Jul-17-18 04:57PM  Motley Fool]
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▶ 3 ETFs to Benefit From China's Tariff Retaliations   [Jun-21-18 11:29AM  Investopedia]
▶ Time to Get Greedy With MercadoLibre, Inc. Stock   [Jun-14-18 08:34PM  Motley Fool]
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▶ Stock Market Up Modestly, But Tesla And MercadoLibre Jump   [Jun-11-18 01:15PM  Investor's Business Daily]
▶ Is Latin America the Next E-Commerce Battleground?   [May-22-18 01:21PM  Motley Fool]
▶ The "Amazon" of Latin America   [12:39PM  Motley Fool]
▶ 1 Explanation for MercadoLibre's First-Quarter Miss   [May-17-18 06:19PM  Motley Fool]
▶ The 3 Stocks on the MFM Team's Radar   [06:12PM  Motley Fool]

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