CEPU vs. MELI

Last updated Jun 24, 2026

CEPU (Central Puerto S.A.) and MELI (MercadoLibre, Inc.) are both stocks. CEPU operates in Utilities - Regulated Electric (Utilities), while MELI operates in Internet Retail (Consumer Cyclical). Over the past 5 years, CEPU returned 46.69%/yr vs 0.53%/yr for MELI. At a 0.21 correlation, their price movements are largely independent.

Performance

CEPU vs. MELI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Central Puerto S.A. (CEPU) and MercadoLibre, Inc. (MELI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CEPU achieves a -13.71% return, which is significantly higher than MELI's -21.38% return.

CEPU

• 1D: -2.89%
• 1M: 8.55%
• YTD: -13.71%
• 6M: -14.59%
• 1Y: 31.08%
• 3Y*: 35.11%
• 5Y*: 46.69%
• 10Y*: —

MELI

• 1D: -0.36%
• 1M: -4.85%
• YTD: -21.38%
• 6M: -20.62%
• 1Y: -35.44%
• 3Y*: 8.89%
• 5Y*: 0.53%
• 10Y*: 28.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CEPU vs. MELI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CEPU Central Puerto S.A.	-13.71%	20.77%	60.75%	71.30%	95.14%	15.93%	-44.44%	-45.56%	-42.82%
MELI MercadoLibre, Inc.	-21.38%	18.46%	8.20%	85.71%	-37.24%	-19.51%	192.90%	95.30%	-22.68%

Correlation

The correlation between CEPU and MELI is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (All Time) Calculated using the full available price history since Feb 2, 2018	0.21

Fundamentals

Market Cap CEPU : $2.27B MELI : $80.29B
EPS CEPU : ARS 4.58K MELI : $37.87
PE Ratio CEPU : 4.81 MELI : 41.82
PEG Ratio CEPU : 0.01 MELI : 0.25
PS Ratio CEPU : 1.65 MELI : 2.62
PB Ratio CEPU : 1.24 MELI : 11.03
Total Revenue (TTM) CEPU : ARS 2.01T MELI : $30.67B
Gross Profit (TTM) CEPU : ARS 701.24B MELI : $13.95B
EBITDA (TTM) CEPU : ARS 855.91B MELI : $3.11B

Return for Risk

CEPU vs. MELI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CEPU

CEPU Risk / Return Rank: 61
CEPU Sharpe Ratio Rank: 58
CEPU Sortino Ratio Rank: 64
CEPU Omega Ratio Rank: 60
CEPU Calmar Ratio Rank: 60
CEPU Martin Ratio Rank: 61

MELI

MELI Risk / Return Rank: 8
MELI Sharpe Ratio Rank: 7
MELI Sortino Ratio Rank: 10
MELI Omega Ratio Rank: 10
MELI Calmar Ratio Rank: 8
MELI Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CEPU vs. MELI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Central Puerto S.A. (CEPU) and MercadoLibre, Inc. (MELI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CEPU	MELI	Difference
Sharpe ratio: Return per unit of total volatility	0.47	-0.90	+1.36
Sortino ratio: Return per unit of downside risk	1.40	-1.15	+2.55
Omega ratio: Gain probability vs. loss probability	1.15	0.85	+0.30
Calmar ratio: Return relative to maximum drawdown	0.77	-0.87	+1.64
Martin ratio: Return relative to average drawdown	1.84	-1.48	+3.32

CEPU vs. MELI - Sharpe Ratio Comparison

The current CEPU Sharpe Ratio is 0.47, which is higher than the MELI Sharpe Ratio of -0.90. The chart below compares the historical Sharpe Ratios of CEPU and MELI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CEPU vs. MELI - Drawdown Comparison

The maximum CEPU drawdown since its inception was -88.97%, roughly equal to the maximum MELI drawdown of -89.49%. Use the drawdown chart below to compare losses from any high point for CEPU and MELI.

Drawdown Indicators

	CEPU	MELI	Difference
Max Drawdown Largest peak-to-trough decline	-88.97%	-89.49%	+0.52%
Max Drawdown (1Y) Largest decline over 1 year	-40.74%	-40.82%	+0.08%
Max Drawdown (3Y) Largest decline over 3 years	-51.70%	-40.82%	-10.88%
Max Drawdown (5Y) Largest decline over 5 years	-51.70%	-68.64%	+16.94%
Max Drawdown (10Y) Largest decline over 10 years	—	-69.12%	—
Current Drawdown Current decline from peak	-15.88%	-39.41%	+23.53%
Average Drawdown Average peak-to-trough decline	-54.86%	-23.60%	-31.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.91%	23.96%	-7.05%

Volatility

CEPU vs. MELI - Volatility Comparison

Central Puerto S.A. (CEPU) has a higher volatility of 13.01% compared to MercadoLibre, Inc. (MELI) at 9.09%. This indicates that CEPU's price experiences larger fluctuations and is considered to be riskier than MELI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CEPU	MELI	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.01%	9.09%	+3.92%
Volatility (6M) Calculated over the trailing 6-month period	31.00%	29.93%	+1.07%
Volatility (1Y) Calculated over the trailing 1-year period	67.14%	39.61%	+27.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.98%	49.70%	+7.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.28%	48.90%	+12.38%

Dividends

CEPU vs. MELI - Dividend Comparison

Neither CEPU nor MELI has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CEPU Central Puerto S.A.	0.00%	0.00%	0.64%	8.91%	2.78%	0.00%	0.00%	2.44%	3.70%	0.00%	0.00%	0.00%
MELI MercadoLibre, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.19%	0.38%	0.36%

Financials

CEPU vs. MELI - Profitability Comparison

The chart below illustrates the profitability comparison between Central Puerto S.A. and MercadoLibre, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CEPU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Central Puerto S.A. reported a gross profit of 415.00B and revenue of 1.16T. Therefore, the gross margin over that period was 35.7%.

MELI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MercadoLibre, Inc. reported a gross profit of 3.86B and revenue of 7.72B. Therefore, the gross margin over that period was 50.1%.

CEPU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Central Puerto S.A. reported an operating income of 310.62B and revenue of 1.16T, resulting in an operating margin of 26.7%.

MELI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MercadoLibre, Inc. reported an operating income of 611.00M and revenue of 7.72B, resulting in an operating margin of 7.9%.

CEPU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Central Puerto S.A. reported a net income of 440.08B and revenue of 1.16T, resulting in a net margin of 37.8%.

MELI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MercadoLibre, Inc. reported a net income of 417.00M and revenue of 7.72B, resulting in a net margin of 5.4%.

Frequently Asked Questions

Can I hold both CEPU and MELI in my portfolio?

CEPU and MELI have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CEPU or MELI?

CEPU has higher volatility (13.01%) compared to MELI (9.09%). In terms of maximum drawdown, CEPU dropped -88.97% vs MELI's -89.49%.

Which has better risk-adjusted returns?

CEPU currently has the higher Sharpe Ratio (0.47 vs -0.90), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.