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MercadoLibre (WBO:MELI) Cyclically Adjusted Price-to-FCF : 71.11 (As of Apr. 28, 2024)


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What is MercadoLibre Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), MercadoLibre's current share price is €1296.40. MercadoLibre's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €18.23. MercadoLibre's Cyclically Adjusted Price-to-FCF for today is 71.11.

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

WBO:MELI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 49.59   Med: 117.03   Max: 429.58
Current: 70.57

During the past years, MercadoLibre's highest Cyclically Adjusted Price-to-FCF was 429.58. The lowest was 49.59. And the median was 117.03.

WBO:MELI's Cyclically Adjusted Price-to-FCF is ranked worse than
89.66% of 435 companies
in the Retail - Cyclical industry
Industry Median: 13.15 vs WBO:MELI: 70.57

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 Dec. 2023 was €30.237. 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 €18.23 for the trailing ten years ended in Dec. 2023.

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
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 79.41 107.51 79.24 76.25 78.88

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
=1296.40/18.23
=71.11

* 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 Dec. 2023 is calculated as:

For example, MercadoLibre's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=30.237/129.4194*129.4194
=30.237

Current CPI (Dec. 2023) = 129.4194.

MercadoLibre Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.336 99.695 0.436
201406 0.846 100.560 1.089
201409 0.740 100.428 0.954
201412 0.883 99.070 1.154
201503 0.626 99.621 0.813
201506 0.843 100.684 1.084
201509 0.025 100.392 0.032
201512 1.750 99.792 2.270
201603 -0.554 100.470 -0.714
201606 0.695 101.688 0.885
201609 1.589 101.861 2.019
201612 0.577 101.863 0.733
201703 1.947 102.862 2.450
201706 2.011 103.349 2.518
201709 -0.028 104.136 -0.035
201712 0.074 104.011 0.092
201803 -1.103 105.290 -1.356
201806 2.335 106.317 2.842
201809 1.267 106.507 1.540
201812 0.133 105.998 0.162
201903 2.029 107.251 2.448
201906 -0.195 108.070 -0.234
201909 3.242 108.329 3.873
201912 0.764 108.420 0.912
202003 -2.383 108.902 -2.832
202006 10.730 108.767 12.767
202009 5.060 109.815 5.963
202012 2.787 109.897 3.282
202103 -6.502 111.754 -7.530
202106 1.699 114.631 1.918
202109 1.611 115.734 1.801
202112 9.678 117.630 10.648
202203 -6.665 121.301 -7.111
202206 15.158 125.017 15.692
202209 12.164 125.227 12.571
202212 26.328 125.222 27.211
202303 14.037 127.348 14.265
202306 23.421 128.729 23.547
202309 15.210 129.860 15.158
202312 30.237 129.419 30.237

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  (WBO: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 (WBO: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.

MercadoLibre (WBO:MELI) Headlines