Publicação
MercadoLibre: sustaining Growth in volatile macro environment
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | |
| dc.contributor.advisor | Riva, Camillo | |
| dc.contributor.author | Carrero, Eric Leonardo | |
| dc.date.accessioned | 2026-05-13T11:01:13Z | |
| dc.date.available | 2026-05-13T11:01:13Z | |
| dc.date.issued | 2026-01-22 | |
| dc.date.submitted | 2025-12-16 | |
| dc.description.abstract | This report evaluates MercadoLibre Inc. and its ability to sustain growth in a volatile macro environment, given its leading position in Latin American e-commerce and fintech. The investment case is supported by structural changes in online retail and digital payments, a strong logistics network, and an ecosystem model where marketplace, payments, logistics, credit and advertising reinforce each other. Valuation is primarily based on a discounted cash flow model using a WACC of 13.61% and a terminal growth rate of 2.5%, complemented by relative valuation (EV/Revenue and EV/EBITDA). The base case results in a target share price of $2,247.84 by 31 December 2026, implying 11.5% upside compared to $2,015.89 as of 12 December 2025, supporting a Buy recommendation. Key risks include macroeconomic and FX volatility, regulatory changes affecting payments and consumer credit, intensified competition in both e commerce and fintech, and execution risk related to logistics investments and rapid credit growth. | eng |
| dc.identifier.tid | 204240298 | |
| dc.identifier.uri | http://hdl.handle.net/10362/203049 | |
| dc.language.iso | eng | |
| dc.relation | UID/ECO/00124/2013 | |
| dc.rights.uri | http://creativecommons.org/licenses/by/4.0/ | |
| dc.subject | MercadoLibre | |
| dc.subject | E-commerce | |
| dc.subject | Fintech | |
| dc.subject | Latin America | |
| dc.title | MercadoLibre: sustaining Growth in volatile macro environment | eng |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| thesis.degree.name | A Work Project, presented as part of the requirements for the Award of a Master Degree in Finance from the NOVA – School of Business and Economics |