Analysis on GARP with strong economic moats, Moat Investing

Moat Investing

We are a group of experienced investors that like to dig deeper into stocks to find growth stories at a reasonable price with strong economic moats. We also aim to conduct high-quality analysis by doing deep dive on valuations, key business drivers, risk/reward, and different future scenarios.

Analysis on GARP with strong economic moats

GARP with strong economic moats

Equity Bottom-Up

<ul>
<li>Q4 net revenues: $2.1 bln (60.5% YoY and 73.9% YoY on an FX neutral basis). Growth was led by the Fintech division (+70% YoY).</li>
<li>Gross profit came in at $853.2 mln (40.0% gross margin from 36.8% in Q4 2020) and Income from operations reached $23.3 mln (a loss of $25.1 mln in Q4 2020).</li>
<li>FX losses were $56.9 mln mainly due to the buyback of shares in Argentina. The Net loss was $46.1 mln equal to a negative EPS of $0.92.</li>
</ul>


Q4 net revenues: $2.1 bln (60.5% YoY and 73.9% YoY on an FX neutral basis). Growth was led by the Fintech division (+70% YoY).
Gross profit came in at $853.2 mln (40.0% gross margin from 36.8% in Q4 2020) and Income from operations reached $23.3 mln (a loss of $25.1 mln in Q4 2020).
FX losses were $56.9 mln mainly due to the buyback of shares in Argentina. The Net loss was $46.1 mln equal to a negative EPS of $0.92.


MercadoLibre Q4: Sustainable Alpha For The Long Term