MercadoLibre: the booming Latin American business giant
-Latin Americanbusiness giant: MercadoLibre $MELI-0.5% is a Latin American business giant, often compared to the "Amazon of Latin America", but it offers much more. In addition to its trading sites, it also has a thriving fintech wing.
-Strong growth:$MELI-0.5% has long shown strong growth, including in the first quarter of this year. Revenues were up 36%, but even 94% after accounting for currency effects. In particular, trading revenues were up 113% on a currency-neutral basis and fintech revenues were up 74%.
- Rising profitability: The net profit margin rose from 6.3% last year to 7.9% this year, indicating not only revenue growth but also improving business efficiency.
-No premium price: despite the company's success, its stock is not at an exorbitant price. As a result ,$MELI-0.5% can afford to expand into the fast-growing Latin American geography, making it an attractive stock for long-term investors.
MercadoLibre is an example of a company that is taking advantage of Latin America's growing digital economy and offers an investment opportunity with long-term growth potential.
