MercadoLibre (MEX:MELIN) Cyclically Adjusted FCF per Share: MXN (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:MELIN MercadoLibre Inc MEX:MELIN
70 GF Score
Price MXN30,870.50
GF Value MXN65,511.75
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is MercadoLibre Cyclically Adjusted FCF per Share?

MercadoLibre MEX:MELIN -1.22% 70 Cyclically Adjusted FCF per Share is MXN as of Jun. 2026. GuruFocus rates MEX:MELIN with a GF Score™ of 70/100 and a GF Value™ of MXN65,511.75 (Significantly Undervalued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

MercadoLibre's adjusted free cash flow per share for the three months ended in Jun. 2026 was MXN870.118. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is MXN for the trailing ten years ended in Jun. 2026.

During the past 12 months, MercadoLibre's average Cyclically Adjusted FCF Growth Rate was 63.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 73.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 67.30% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 41.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of MercadoLibre was 80.30% per year. The lowest was 12.50% per year. And the median was 30.80% per year.

As of today (2026-09-20), MercadoLibre's current stock price is MXN30870.50. MercadoLibre's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was MXN. MercadoLibre's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of MercadoLibre was 429.58. The lowest was 25.61. And the median was 115.12.


MercadoLibre  (MEX:MELIN) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of MercadoLibre was 429.58. The lowest was 25.61. And the median was 115.12.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


MercadoLibre Cyclically Adjusted FCF per Share Related Terms


MercadoLibre Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for MercadoLibre's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MercadoLibre Cyclically Adjusted FCF per Share Chart

MercadoLibre Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
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MercadoLibre Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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MEX:MELIN vs DASH, PDD, SE: Cyclically Adjusted FCF per Share Comparison

For the Internet Retail subindustry, MercadoLibre's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


MercadoLibre Cyclically Adjusted Price-to-FCF vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, MercadoLibre's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where MercadoLibre's Cyclically Adjusted Price-to-FCF falls into.


MEX:MELIN
70GF Score
MercadoLibre Inc MEX:MELIN
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MercadoLibre Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, MercadoLibre's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=870.118/333.9520*333.9520
=870.118

Current CPI (Jun. 2026) = 333.9520.

MercadoLibre Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 31.739 241.428 43.903
201612 13.910 241.432 19.240
201703 42.292 243.801 57.930
201706 38.100 244.955 51.942
201709 -8.344 246.819 -11.290
201712 6.648 246.524 9.006
201803 -25.425 249.554 -34.024
201806 49.964 251.989 66.216
201809 16.874 252.439 22.323
201812 3.669 251.233 4.877
201903 44.035 254.202 57.850
201906 -6.431 256.143 -8.385
201909 58.307 256.759 75.837
201912 6.384 256.974 8.296
202003 -52.755 258.115 -68.255
202006 263.265 257.797 341.035
202009 100.105 260.280 128.440
202012 30.981 260.474 39.721
202103 -153.355 264.877 -193.347
202106 50.519 271.696 62.095
202109 41.995 274.310 51.126
202112 215.457 278.802 258.077
202203 -161.900 287.504 -188.056
202206 327.978 296.311 369.642
202209 173.868 296.808 195.627
202212 433.174 296.797 487.402
202303 257.449 301.836 284.842
202306 358.061 305.109 391.910
202309 79.248 307.789 85.984
202312 219.692 306.746 239.177
202403 359.985 312.332 384.904
202406 461.387 314.175 490.431
202409 475.583 315.301 503.715
202412 825.894 315.605 873.906
202503 270.536 319.799 282.509
202506 829.389 322.561 858.678
202509 606.988 324.800 624.091
202512 1,165.586 324.054 1,201.188
202603 443.699 330.213 448.723
202606 870.118 333.952 870.118

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of MXN mean?
MercadoLibre (MEX:MELIN) has a Cyclically Adjusted FCF per Share of MXN as of Jun. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on MercadoLibre and its competitors.
Is MercadoLibre's Cyclically Adjusted FCF per Share too high?
MercadoLibre's current Cyclically Adjusted FCF per Share is MXN. Overall, MercadoLibre has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MercadoLibre's Cyclically Adjusted FCF per Share compare to DASH and PDD?
MercadoLibre's Cyclically Adjusted FCF per Share of MXN can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Retail - Cyclical company?
A good Cyclically Adjusted FCF per Share depends on the Retail - Cyclical industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on MercadoLibre and its competitors. MercadoLibre's current Cyclically Adjusted FCF per Share is MXN. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MercadoLibre stock overvalued right now?
Based on GuruFocus' analysis, MercadoLibre (MEX:MELIN) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN65,511.75, compared to a current price of MXN30,870.50 — trading 52.9% below its estimated fair value. The current Cyclically Adjusted FCF per Share is MXN. MercadoLibre's overall GF Score™ is 70/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For MercadoLibre (MEX:MELIN), the current Cyclically Adjusted FCF per Share is MXN as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MercadoLibre (MEX:MELIN) Overvalued in 2026?

Based on GuruFocus' analysis, MercadoLibre stock appears to be undervalued. The current stock price of MXN30,870.50 is trading 52.9% below its estimated GF Value™ of MXN65,511.75. GuruFocus considers MercadoLibre to be Significantly Undervalued.

Key valuation signals for MEX:MELIN:

  • Cyclically Adjusted FCF per Share: MXN
  • GF Value™: MXN65,511.75 vs. price of MXN30,870.50 (52.9% below fair value)
  • GF Score™: 70/100 with 3 warning signs

No single metric tells the full story. See the MEX:MELIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MercadoLibre Business Description

Address WTC Free Zone, Dr Luis Bonavita 1294, Of. 1733, Tower II, Montevideo, URY, 11300
MercadoLibre is the largest e-commerce marketplace in Latin America, with more than 120 million unique active buyers and 1 million active sellers at the end of 2025. The company is roughly split between its e-commerce business, which includes its fulfillment and advertising services, and its fintech segment, which comprises its rapidly expanding payment and digital wallet platform (Mercado Pago) and its lending business (Mercado Credito). While the company operates in 18 countries, its primary markets are Brazil, Argentina, and Mexico, which account for more than 95% of its revenue.
70GF Score

Get the complete analysis for MEX:MELIN

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN30,870.50
Price
MXN65,511.75
GF Value