MELI vs SMCI: Which Is the Better Buy?
Side-by-side comparison of MercadoLibre, Inc. and Super Micro Computer, Inc. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-04-18.
MercadoLibre, Inc. · Consumer Cyclical
$1,767.42
+41.4% upside to fair value
High Conviction
Grade A
VS
Super Micro Computer, Inc. · Technology
$28.56
+435.6% upside to fair value
Grade B
QuantHub Verdict
SMCI has more upside to fair value
(+435.6%).
SMCI trades at a lower forward P/E
(19.5x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
MELI |
SMCI |
| Current Price |
$1,767.42 |
$28.56 |
| Fair Value Estimate |
$2,500.00 |
$152.97 |
| Upside to Fair Value |
+41.4%
|
+435.6%
|
| Market Cap |
$89.6B |
$17.1B |
| Forward P/E |
35.0x
|
19.5x
|
| EV / EBITDA |
18.5x
|
15.0x
|
| Price / Sales |
3.1x
|
0.6x
|
| Price / FCF |
8.9x
|
38.9x
|
| Revenue Growth YoY |
+39.1%
|
+152.8%
|
| Gross Margin |
44.5%
|
8.0%
|
| Operating Margin |
11.1%
|
3.7%
|
| Return on Equity |
33.7%
|
13.3%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
12.1%
|
2.57%
|
| Analyst Consensus |
Strong Buy
|
Hold
|
Investment Thesis
MercadoLibre is the dominant e-commerce and fintech ecosystem across Latin America, operating the largest marketplace and digital payments platform in a region with 670M+ people where e-commerce penetration is still under 15%. Revenue grew 39% to $28.9B in FY2025 with $10.8B in free cash flow — a 12% FCF yield at current prices. The company is trading at its 5-year P/S minimum (3.1x) and P/FCF mi…
Super Micro Computer, Inc. is a technology company specializing in server and storage systems with a dominant focus on AI GPU platforms that now drive over 70% of its revenues. The company benefits from a founder-led management team with deep industry expertise and long tenure, and it has scaled rapidly with revenue growth exceeding 150% year-over-year. Despite this explosive growth, profitabilit…
Accumulation Zones
| Metric |
MELI |
SMCI |
| Zone Low |
$1,875.00 |
$114.73 |
| Zone High |
$2,125.00 |
$130.02 |
| In Buy Zone? |
Yes
|
Yes
|