` Comparison: MELI, SHOP - Alpha Spread

MELI
vs
SHOP

Over the past 12 months, MELI has underperformed SHOP, delivering a return of +10% compared to the SHOP's +37% growth.

Valuation Growth Profitability Solvency Stocks Performance
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MELI
SHOP
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Stocks Compared:
MELI SHOP
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Valuation Comparison

MELI Intrinsic Value
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SHOP Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Mercadolibre Inc
NASDAQ:MELI
2 139.56 USD
Shopify Inc
NYSE:SHOP
162.31 USD
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Valuation Scenario:
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Growth Comparison

Growth Over Time
MELI, SHOP

MELI
SHOP
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Mercadolibre Inc
Revenue
Shopify Inc
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
MELI, SHOP

MELI
SHOP
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Mercadolibre Inc
NASDAQ:MELI
Shopify Inc
NYSE:SHOP
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What is Free Cash Flow?

Gross Margin

MELI
45.1%
SHOP
48.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Mercadolibre Inc
Shopify Inc

Operating Margin

MELI
12%
SHOP
12.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Mercadolibre Inc
Shopify Inc

Net Margin

MELI
7.9%
SHOP
16.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Mercadolibre Inc
Shopify Inc

FCF Margin

MELI
32.9%
SHOP
17.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Mercadolibre Inc
Shopify Inc

ROE

MELI
40.7%
SHOP
15.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Mercadolibre Inc
Shopify Inc

ROA

MELI
7%
SHOP
13%
LTM 3Y Avg 5Y Avg 10Y Avg
Mercadolibre Inc
Shopify Inc

ROIC

MELI
13.3%
SHOP
15.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Mercadolibre Inc
Shopify Inc

ROCE

MELI
30.6%
SHOP
10.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Mercadolibre Inc
Shopify Inc

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
MELI, SHOP

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MELI
SHOP
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Performance Gap
MELI, SHOP

Performance Gap Between MELI and SHOP
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Performance By Year
MELI, SHOP

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MELI
SHOP
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