MercadoLibre, Inc.
Foreign stocks · NASDAQ · Technology · E-commerce
Runs an online marketplace and digital payment system in Latin America, with revenue from fees on sales and financial transactions
For every 100 dollars of sales: cost of sales 55 · operating expenses 33 · tax and other items 4 · leaving 7 as net profit
Investors in Thailand can buy MELI through 8 mutual funds open to retail investors. Most of them (8 funds) don't buy the stock themselves. Instead they invest in a master fund abroad, which in turn holds MELI.
| Fund | MELI weight | How it invests | 1-year return |
|---|---|---|---|
 DAOL-DEWORLDDAOL DEVELOPING WORLD FUND | 5.43% | Via ARTISAN PARTNERS GLOBAL FUNDS PLC – Artisan Developing World Fund | −16.43% |
 PRINCIPAL GOPP-APrincipal Global Opportunity Fund | 3.45% | Via Morgan Stanley Investment Funds Global Opportunity Fund | −4.11% |
 M-EMMFC Emerging Market Fund | 2.97% | Via BAILLIE GIFFORD WORLDWIDE EMERGING MARKETS LEADING COMPANIES FUND | +16.49% |
 ES-EAERMFEastspring Emerging Active Equity RMF | 2.90% | Via BAILLIE GIFFORD WORLDWIDE EMERGING MARKETS LEADING COMPANIES FUND | +15.59% |
| ES-EAEEastspring Emerging Active Equity Fund | 2.88% | Via BAILLIE GIFFORD WORLDWIDE EMERGING MARKETS LEADING COMPANIES FUND | +15.22% |
 ONE-DISC-ASSFONE DISCOVERY FUND | 2.81% | Via Baillie Gifford Worldwide Discovery Fund | +2.21% |
| ONE-DISCRMF-AONE DISCOVERY RETIREMENT MUTUAL FUND | 2.79% | Via Baillie Gifford Worldwide Discovery Fund | +2.14% |
| I-Emerging 10S2MFC International Emerging 10 Fund Series 2 | 1.61% | Via several master funds (BAILLIE GIFFORD WORLDWIDE EMERGING MARKETS L, iShares MSCI Emerging Markets Small-Cap) | +5.61% |
Yearly average over the last 4 years · Latest annual sales 28.9B USD
For every 100 dollars of sales, about 7 dollars is left as net profit
Per year, relative to the share price · Tech stocks tend to pay little because they reinvest their profits
Now 24.5% below its 1-year high
| Item (USD) | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total revenue | 7.1B USD | 10.8B USD | 15.1B USD | 20.8B USD | 28.9B USD |
| Gross profit | 3.0B USD | 5.2B USD | 7.6B USD | 9.6B USD | 12.9B USD |
| Operating profit | 441.0M USD | 1.1B USD | 2.2B USD | 2.6B USD | 3.2B USD |
| Net profit | 83.0M USD | 482.0M USD | 987.0M USD | 1.9B USD | 2.0B USD |
| EPS (diluted) | 1.67 | 9.53 | 19.46 | 37.69 | 39.40 |
| Gross margin | 42.5% | 48.2% | 50.2% | 46.1% | 44.5% |
| Operating margin | 6.2% | 9.9% | 14.6% | 12.7% | 11.1% |
| Net margin | 1.2% | 4.5% | 6.5% | 9.2% | 6.9% |
| Operating cash flow | 965.0M USD | 2.9B USD | 5.1B USD | 7.9B USD | 12.1B USD |
| Free cash flow | 392.0M USD | 2.5B USD | 4.6B USD | 7.1B USD | 10.8B USD |
| Total assets | 10.1B USD | 13.7B USD | 17.6B USD | 25.2B USD | 42.7B USD |
| Total liabilities | 8.6B USD | 11.9B USD | 14.5B USD | 20.8B USD | 35.9B USD |
| Shareholders' equity | 1.5B USD | 1.8B USD | 3.1B USD | 4.4B USD | 6.7B USD |
| Period | SMA | EMA | Price vs line |
|---|---|---|---|
| 10 days | 1,702.09 | 1,711.76 | Above |
| 20 days | 1,782.00 | 1,748.43 | Below |
| 50 days | 1,824.86 | 1,792.83 | Below |
| 100 days | 1,814.42 | 1,808.24 | Below |
| 200 days | 1,807.68 | 1,851.01 | Below |
| Indicator | Value | Signal |
|---|---|---|
| RSI(14) | 47.14 | Down |
| MACD(12,26) | −42.48 | Down |
| ADX(14) | 26.93 | Neutral |
| ATR(14) % of price | 1.95 | Neutral |
The many funds holding less than 3% are usually index funds holding at market weight · Funds holding more than 8% have deliberately chosen a large position
MFC2EASTSPRING2ONEAM2DAOLINV1PRINCIPAL1| Fund | MELI weight | Master fund | 1-year return | TER |
|---|---|---|---|---|
| DAOL-DEWORLD | 5.43% | ARTISAN PARTNERS GLOBAL FUNDS PLC – Artisan Developing World Fund | −16.43% | 2.44% |
| PRINCIPAL GOPP-A | 3.45% | Morgan Stanley Investment Funds Global Opportunity Fund | −4.11% | 2.19% |
| M-EM | 2.97% | BAILLIE GIFFORD WORLDWIDE EMERGING MARKETS LEADING COMPANIES FUND | +16.49% | 1.96% |
| ES-EAERMF | 2.90% | BAILLIE GIFFORD WORLDWIDE EMERGING MARKETS LEADING COMPANIES FUND | +15.59% | 1.78% |
| ES-EAE | 2.88% | BAILLIE GIFFORD WORLDWIDE EMERGING MARKETS LEADING COMPANIES FUND | +15.22% | 1.79% |
| ONE-DISC-ASSF | 2.81% | Baillie Gifford Worldwide Discovery Fund | +2.21% | 1.80% |
| ONE-DISCRMF-A | 2.79% | Baillie Gifford Worldwide Discovery Fund | +2.14% | 1.90% |
| I-Emerging 10S2 | 1.61% | several master funds (BAILLIE GIFFORD WORLDWIDE EMERGING MARKETS L, iShares MSCI Emerging Markets Small-Cap) | +5.61% | 2.48% |
| Master fund | Thai funds using this route | Master fund's MELI weight |
|---|---|---|
| BAILLIE GIFFORD WORLDWIDE EMERGING MARKETS LEADING COMPANIES FUND | 3 | 2.97% |
| Baillie Gifford Worldwide Discovery Fund | 2 | 2.81% |
| ARTISAN PARTNERS GLOBAL FUNDS PLC – Artisan Developing World Fund | 1 | 5.43% |
| Morgan Stanley Investment Funds Global Opportunity Fund | 1 | 3.45% |
| several master funds (BAILLIE GIFFORD WORLDWIDE EMERGING MARKETS L, iShares MSCI Emerging Markets Small-Cap) | 1 | 1.61% |
