Financials Amazon.com, Inc.

Equities

AMZN

US0231351067

Department Stores

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-14 pm EDT			5-day change	1st Jan Change
187.1 ^USD	+0.27%		-0.90%	+23.12%

May. 14	Tech Up as AI Momentum Builds -- Tech Roundup	DJ
May. 14	News Highlights : Top Company News of the Day - Tuesday at 5 PM ET	DJ

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	916,154	1,634,168	1,691,003	856,939	1,570,153	1,941,564	-	-
Enterprise Value (EV) ¹	884,547	1,581,588	1,643,698	854,063	1,541,687	1,871,964	1,797,488	1,764,085
P/E ratio	80.3 x	77.9 x	51.4 x	-311 x	52.4 x	41.3 x	32.7 x	25.2 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	3.27 x	4.23 x	3.6 x	1.67 x	2.73 x	3.04 x	2.73 x	2.46 x
EV / Revenue	3.15 x	4.1 x	3.5 x	1.66 x	2.68 x	2.93 x	2.53 x	2.23 x
EV / EBITDA	20.4 x	27.6 x	22.8 x	11.4 x	14 x	13.6 x	11.2 x	9.15 x
EV / FCF	40.9 x	51 x	-112 x	-73.8 x	41.9 x	30.2 x	22.8 x	17.3 x
FCF Yield	2.45%	1.96%	-0.9%	-1.35%	2.39%	3.31%	4.38%	5.8%
Price to Book	14.8 x	17.5 x	12.3 x	5.89 x	8.2 x	7.04 x	5.41 x	4.31 x
Nbr of stocks (in thousands)	9,915,944	10,035,024	10,142,952	10,201,654	10,334,031	10,406,627	-	-
Reference price ²	92.39	162.8	166.7	84.00	151.9	186.6	186.6	186.6
Announcement Date	1/30/20	2/2/21	2/3/22	2/2/23	2/1/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	280,522	386,064	469,822	513,983	574,785	638,715	710,220	789,910
EBITDA ¹	43,395	57,283	71,994	75,053	110,305	137,406	160,055	192,824
EBIT ¹	14,541	22,899	24,879	12,248	36,852	61,756	75,922	96,693
Operating Margin	5.18%	5.93%	5.3%	2.38%	6.41%	9.67%	10.69%	12.24%
Earnings before Tax (EBT) ¹	13,976	24,178	38,151	-5,936	37,557	60,035	76,396	98,550
Net income ¹	11,588	21,331	33,364	-2,722	30,425	48,432	61,974	80,279
Net margin	4.13%	5.53%	7.1%	-0.53%	5.29%	7.58%	8.73%	10.16%
EPS ²	1.150	2.092	3.240	-0.2700	2.900	4.519	5.713	7.410
Free Cash Flow ¹	21,653	31,020	-14,726	-11,569	36,813	61,995	78,792	102,260
FCF margin	7.72%	8.03%	-3.13%	-2.25%	6.4%	9.71%	11.09%	12.95%
FCF Conversion (EBITDA)	49.9%	54.15%	-	-	33.37%	45.12%	49.23%	53.03%
FCF Conversion (Net income)	186.86%	145.42%	-	-	121%	128%	127.14%	127.38%
Dividend per Share ²	-	-	-	-	-	-	-	-
Announcement Date	1/30/20	2/2/21	2/3/22	2/2/23	2/1/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	137,412	116,444	121,234	127,101	149,204	127,358	134,383	143,083	169,961	143,313	148,650	158,223	187,464	158,042	163,921
EBITDA ¹	16,966	16,146	18,210	18,450	21,787	20,868	26,543	29,392	33,502	32,180	32,631	34,093	37,894	36,165	36,940
EBIT ¹	3,460	3,669	3,317	2,525	2,737	4,774	7,681	11,188	13,209	15,307	13,486	14,995	17,483	16,772	16,303
Operating Margin	2.52%	3.15%	2.74%	1.99%	1.83%	3.75%	5.72%	7.82%	7.77%	10.68%	9.07%	9.48%	9.33%	10.61%	9.95%
Earnings before Tax (EBT) ¹	14,934	-5,265	-2,653	2,944	-962	4,119	7,563	12,189	13,686	12,983	13,377	15,111	17,789	15,518	15,909
Net income ¹	14,323	-3,844	-2,028	2,872	278	3,172	6,750	9,879	10,624	10,431	10,807	12,118	14,182	13,135	13,165
Net margin	10.42%	-3.3%	-1.67%	2.26%	0.19%	2.49%	5.02%	6.9%	6.25%	7.28%	7.27%	7.66%	7.57%	8.31%	8.03%
EPS ²	1.388	-0.3780	-0.2000	0.2800	0.0300	0.3100	0.6500	0.9400	1.000	0.9800	1.016	1.135	1.327	1.251	1.202
Dividend per Share ²	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	2/3/22	4/28/22	7/28/22	10/27/22	2/2/23	4/27/23	8/3/23	10/26/23	2/1/24	4/30/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	31,607	52,580	47,305	2,876	28,466	69,601	144,076	177,479
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	21,653	31,020	-14,726	-11,569	36,813	61,995	78,792	102,260
ROE (net income / shareholders' equity)	21.9%	27.4%	28.8%	-1.92%	17.5%	19.7%	19.2%	18.8%
ROA (Net income/ Total Assets)	5.97%	7.81%	9%	-0.62%	6.14%	8.58%	9.3%	9.62%
Assets ¹	193,948	273,222	370,876	441,596	495,263	564,757	666,508	834,505
Book Value Per Share ²	6.230	9.280	13.60	14.30	18.50	26.50	34.50	43.30
Cash Flow per Share ²	3.820	6.480	4.500	4.590	8.100	12.00	14.60	16.40
Capex ¹	16,861	35,044	55,396	58,321	48,133	61,589	66,546	70,134
Capex / Sales	6.01%	9.08%	11.79%	11.35%	8.37%	9.64%	9.37%	8.88%
Announcement Date	1/30/20	2/2/21	2/3/22	2/2/23	2/1/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Amazon.com, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

186.6 USD

Average target price

217.9 USD

Spread / Average Target

+16.78%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Internet & Mail Order Department Stores

	1st Jan change	Capi.
AMAZON.COM, INC.	+23.12%	1,942B
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COUPANG, INC.	+37.43%	39.73B
ALLEGRO.EU S.A.	+14.21%	10.11B
WAYFAIR INC.	+15.53%	8.7B
ETSY, INC.	-21.57%	7.31B
ZOZO, INC.	+11.21%	6.38B
FSN E-COMMERCE VENTURES LIMITED	-2.90%	5.78B
MONOTARO CO., LTD.	+13.80%	5.38B
OCADO GROUP PLC	-51.24%	3.52B

Internet & Mail Order Department Stores