` Comparison: SHOP, MELI - Alpha Spread

SHOP
vs
MELI

Over the past 12 months, SHOP has significantly outperformed MELI, delivering a return of +46% compared to the MELI's +5% growth.

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

SHOP Intrinsic Value
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MELI Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Shopify Inc
NYSE:SHOP
168.42 USD
Mercadolibre Inc
NASDAQ:MELI
1 970.73 USD
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Valuation Scenario:
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Growth Comparison

Growth Over Time
SHOP, MELI

SHOP
MELI
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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
Shopify Inc
Revenue
Mercadolibre Inc
Revenue

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

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Profitability Comparison

Free Cash Flow
SHOP, MELI

SHOP
MELI
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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
Shopify Inc
NYSE:SHOP
Mercadolibre Inc
NASDAQ:MELI
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What is Free Cash Flow?

Gross Margin

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

Operating Margin

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

Net Margin

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

FCF Margin

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

ROE

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

ROA

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

ROIC

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

ROCE

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

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
SHOP, MELI

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MELI
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Performance Gap
SHOP, MELI

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

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MELI
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