Summary
- MercaodLibre is the largest e-commerce company in Latin America and has a rapidly growing fintech segment.
- The company reported strong financial results for the fourth quarter of 2022, as it beat both revenue and earnings growth estimates.
- Its advertising business has grown by 5x over the past 3 years and has the potential to become the 3rd major growth engine, following an "Amazon" style blueprint.
- MELI stock is undervalued intrinsically according to my discounted cash flow valuation model.
For further details see:
MercadoLibre: Double Earnings Beat With 2 Huge Growth Engines