DoorDash Inc (DASH) is overvalued and MercadoLibre Inc (MELI) is overvalued.
Both trade above our estimate of their intrinsic value. MELI is the closer of the two: -72%, against -207% for DASH.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 12.8% (average of 3 methods) values the shares at $62.57; the price of $192.21 is 207% above that value, and 66% of that value comes from beyond year five.
Leak Score 53/100 on 7 of 12 signals
Discounting its cash flows at 10.1% (average of 3 methods) values the shares at $1060.60; the price of $1826.58 is 72% above that value, and 74% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
| Metric | DASH | MELI |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $192.21 | $1826.58 |
| Intrinsic value | $62.57 | $1060.60 |
| Margin of safety | -207% | -72% |
| Leak Score | 53/100 (7/12) | 59/100 (3/12) |
| Market cap | $83.3B | $92.6B |
| Revenue growth, 5 years | 36.6% | 48.7% |
| Operating margin | 5.5% | 8.3% |
| Net margin | 5.3% | 5.3% |
| Return on equity | 8.9% | 27.5% |
| Debt to equity | 0.33 | 2.34 |
| P/E | 100.9x | 49.7x |
| Forward P/E | 40.9x | 33.4x |
| P/B | 8.4x | 11.8x |