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MercadoLibre (BSP:MELI34) Cyclically Adjusted Price-to-FCF : 73.68 (As of Jun. 06, 2024)


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What is MercadoLibre Cyclically Adjusted Price-to-FCF?

As of today (2024-06-06), MercadoLibre's current share price is R$70.73. MercadoLibre's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$0.96. MercadoLibre's Cyclically Adjusted Price-to-FCF for today is 73.68.

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

BSP:MELI34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 49.59   Med: 115.17   Max: 429.58
Current: 70.04

During the past years, MercadoLibre's highest Cyclically Adjusted Price-to-FCF was 429.58. The lowest was 49.59. And the median was 115.17.

BSP:MELI34's Cyclically Adjusted Price-to-FCF is ranked worse than
91.12% of 439 companies
in the Retail - Cyclical industry
Industry Median: 13.03 vs BSP:MELI34: 70.04

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 R$1.117. 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 R$0.96 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
=70.73/0.96
=73.68

* 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)
=1.117/131.7762*131.7762
=1.117

Current CPI (Mar. 2024) = 131.7762.

MercadoLibre Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.021 100.560 0.028
201409 0.019 100.428 0.025
201412 0.024 99.070 0.032
201503 0.018 99.621 0.024
201506 0.025 100.684 0.033
201509 0.001 100.392 0.001
201512 0.062 99.792 0.082
201603 -0.019 100.470 -0.025
201606 0.022 101.688 0.029
201609 0.048 101.861 0.062
201612 0.017 101.863 0.022
201703 0.054 102.862 0.069
201706 0.062 103.349 0.079
201709 -0.001 104.136 -0.001
201712 0.002 104.011 0.003
201803 -0.037 105.290 -0.046
201806 0.086 106.317 0.107
201809 0.051 106.507 0.063
201812 0.005 105.998 0.006
201903 0.073 107.251 0.090
201906 -0.007 108.070 -0.009
201909 0.123 108.329 0.150
201912 0.029 108.420 0.035
202003 -0.107 108.902 -0.129
202006 0.522 108.767 0.632
202009 0.268 109.815 0.322
202012 0.145 109.897 0.174
202103 -0.363 111.754 -0.428
202106 0.086 114.631 0.099
202109 0.083 115.734 0.095
202112 0.515 117.630 0.577
202203 -0.304 121.301 -0.330
202206 0.674 125.017 0.710
202209 0.526 125.227 0.554
202212 1.219 125.222 1.283
202303 0.652 127.348 0.675
202306 1.026 128.729 1.050
202309 0.668 129.860 0.678
202312 1.346 129.419 1.371
202403 1.117 131.776 1.117

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  (BSP:MELI34) 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 (BSP:MELI34) 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 (BSP:MELI34) Headlines

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