` Comparison: SHOP vs MELI - Alpha Spread
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SHOP
vs
MELI

Over the past 12 months, SHOP has outperformed MELI, delivering a return of +3% compared to the MELI's 17% drop.

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
TSX:SHOP
164.64 CAD
Mercadolibre Inc
NASDAQ:MELI
1 767.71 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
TSX:SHOP
Mercadolibre Inc
NASDAQ:MELI
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What is Free Cash Flow?

Gross Margin

SHOP
48.1%
MELI
45.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Shopify Inc
Mercadolibre Inc

Operating Margin

SHOP
12.8%
MELI
12%
LTM 3Y Avg 5Y Avg 10Y Avg
Shopify Inc
Mercadolibre Inc

Net Margin

SHOP
10.7%
MELI
7.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Shopify Inc
Mercadolibre Inc

FCF Margin

SHOP
17.4%
MELI
32.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Shopify Inc
Mercadolibre Inc

ROE

SHOP
9.8%
MELI
40.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Shopify Inc
Mercadolibre Inc

ROA

SHOP
8.5%
MELI
7%
LTM 3Y Avg 5Y Avg 10Y Avg
Shopify Inc
Mercadolibre Inc

ROIC

SHOP
15.1%
MELI
13.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Shopify Inc
Mercadolibre Inc

ROCE

SHOP
11.5%
MELI
30.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Shopify Inc
Mercadolibre Inc

Solvency Comparison

Shopify Inc
Equity Waterfall
Assets
Liabilities
Equity
What is Equity Waterfall?
Mercadolibre Inc
Equity Waterfall
Assets
Liabilities
Equity
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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
SHOP, MELI

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SHOP
MELI
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1Y 3Y 5Y 10Y 15Y 20Y
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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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SHOP
MELI
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