MELI - MercadoLibre: Clear Trajectory To Quadruple EPS By 2028

2024-02-14 11:54:45 ET

Summary

• MercadoLibre is a highly promising investment with strong growth potential in Latin America.
• The company operates as an online marketplace with additional services such as logistics, payments, and advertising.
• Mercado Libre has achieved impressive revenue growth and profitability, with multiple avenues for further expansion.
• I see near-term consensus estimates as too low, and believe the company can more than quadruple its EPS by 2028.
• At a PEG ratio of 1.1x, Mercado Libre is an attractive buy.

MercadoLibre ( MELI ), often regarded as the Amazon ( AMZN ) of Latin America, has everything I'm looking for in an investment in today's market.

MercadoLibre is on a very short list of companies that are highly likely to grow both revenues and net income by more than 20% annually for the foreseeable future, yet it trades at a valuation that isn't all that demanding....

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