| Intrinsic Valuation of: MELI | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 41 | Market Cap | $127B | |||||
| 2021 | - | - (-) | P/E Ratio | 61 | Total Asset | $25B | |||||
| 2022 | $356M | - (-) | Net Income | $2B | Total Debt | $3B | |||||
| 2023 | $2B | 598.0% (357.7%) | EBITDA | $3B | Total Liab | $21B | |||||
| 2024 | $5B | 86.4% (33.0%) | Opr Margin | 0.13 | Debt/Equity | 0.64 | |||||
| 2025 | $7B | 52.4% (10.8%) | PreTax Margin | 11.87 | BV/Share | 82 | |||||
| 5Y Average FCF | $4B | 245.6% (133.8%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.5% | Historical US Bond Yield: | 4.4% | ||||||||
| Discount Rate (WACC): | 7.4% | Current US Bond Yield: | 3.5% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (25.0%) | ||||||||||
| 2026 | $9B | MBG Intrinsic Value | $365 | ||||||||
| 2027 | $11B | ||||||||||
| 2028 | $14B | ||||||||||
| 2029 | $17B | ||||||||||
| 2030 | $22B | ||||||||||
| 2031 | $27B | ||||||||||
| Terminal Value | $560B | Net Worth/Share | $86 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $439B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $3B | $8,647 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $3B | WACC | 7.3% | 7,518 | 8,118 | 8,842 | 9,733 | 10,857 | |||
| Equity Value | $438B | 7.4% | 7,447 | 8,035 | 8,743 | 9,613 | 10,708 | ||||
| Shares Outstanding | 50,697,400 | 7.4% | 7,377 | 7,953 | 8,647 | 9,496 | 10,562 | ||||
| 7.9% | 6,741 | 7,216 | 7,779 | 8,457 | 9,287 | ||||||
| DCF Intrinsic Value | $8,647 | 8.4% | 6,198 | 6,595 | 7,060 | 7,610 | 8,272 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||