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MercadoLibre (MEX:MELI) Cyclically Adjusted Price-to-FCF : 74.25 (As of Jun. 25, 2024)


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What is MercadoLibre Cyclically Adjusted Price-to-FCF?

As of today (2024-06-25), MercadoLibre's current share price is MXN28930.00. MercadoLibre's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was MXN389.62. MercadoLibre's Cyclically Adjusted Price-to-FCF for today is 74.25.

The historical rank and industry rank for MercadoLibre's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

MEX:MELI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 49.59   Med: 115.15   Max: 429.58
Current: 69.82

During the past years, MercadoLibre's highest Cyclically Adjusted Price-to-FCF was 429.58. The lowest was 49.59. And the median was 115.15.

MEX:MELI's Cyclically Adjusted Price-to-FCF is ranked worse than
90.91% of 440 companies
in the Retail - Cyclical industry
Industry Median: 12.96 vs MEX:MELI: 69.82

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.

MercadoLibre's adjusted free cash flow per share data for the three months ended in Mar. 2024 was MXN446.521. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is MXN389.62 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


MercadoLibre Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for MercadoLibre's Cyclically Adjusted Price-to-FCF 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.

* Premium members only.

MercadoLibre Cyclically Adjusted Price-to-FCF Chart

MercadoLibre Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 180.07 337.50 232.57 79.41 78.88

MercadoLibre Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 107.51 79.24 76.25 78.88 65.98

Competitive Comparison of MercadoLibre's Cyclically Adjusted Price-to-FCF

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's Cyclically Adjusted Price-to-FCF Distribution in the 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.



MercadoLibre Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

MercadoLibre's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=28930.00/389.62
=74.25

* 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's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, MercadoLibre's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=446.521/131.7762*131.7762
=446.521

Current CPI (Mar. 2024) = 131.7762.

MercadoLibre Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 14.913 100.560 19.542
201409 12.811 100.428 16.810
201412 16.055 99.070 21.355
201503 10.331 99.621 13.666
201506 14.841 100.684 19.424
201509 0.478 100.392 0.627
201512 32.772 99.792 43.276
201603 -10.618 100.470 -13.926
201606 14.445 101.688 18.719
201609 34.479 101.861 44.605
201612 12.557 101.863 16.245
201703 39.216 102.862 50.239
201706 40.844 103.349 52.079
201709 -0.614 104.136 -0.777
201712 1.725 104.011 2.185
201803 -24.700 105.290 -30.914
201806 53.590 106.317 66.423
201809 27.658 106.507 34.220
201812 2.965 105.998 3.686
201903 44.470 107.251 54.639
201906 -4.237 108.070 -5.166
201909 70.494 108.329 85.752
201912 16.002 108.420 19.449
202003 -61.754 108.902 -74.725
202006 278.918 108.767 337.921
202009 131.664 109.815 157.995
202012 67.435 109.897 80.861
202103 -158.222 111.754 -186.569
202106 40.753 114.631 46.848
202109 38.971 115.734 44.373
202112 224.336 117.630 251.316
202203 -146.146 121.301 -158.767
202206 322.351 125.017 339.780
202209 242.250 125.227 254.920
202212 543.731 125.222 572.191
202303 270.894 127.348 280.314
202306 435.024 128.729 445.323
202309 282.746 129.860 286.919
202312 559.714 129.419 569.907
202403 446.521 131.776 446.521

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


MercadoLibre  (MEX:MELI) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


MercadoLibre Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of MercadoLibre's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


MercadoLibre (MEX:MELI) Business Description

Address
WTC Free Zone, Dr. Luis Bonavita 1294, Of. 1733, Tower II, Montevideo, URY, 11300
MercadoLibre runs the largest e-commerce marketplace in Latin America, connecting a network of more than 148 million active users and 1 million active sellers as of the end of 2022 across an 18-country footprint. The company also operates a host of complementary businesses, with shipping solutions (Mercado Envios), a payment and financing operation (Mercado Pago and Mercado Credito), advertisements (Mercado Clics), classifieds, and a turnkey e-commerce solution (Mercado Shops) rounding out its arsenal. MercadoLibre generates revenue from final value fees, advertising royalties, payment processing, insertion fees, subscription fees, and interest income from consumer and small-business lending.