Added to YB: 2024-02-28
Pitch date: 2024-02-25
AMZN [bullish]
Amazon.com, Inc.
+28.74%
current return
Author Info
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Company Info
Amazon.com, Inc. engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally.
Market Cap
$2.5T
Pitch Price
$175.70
Price Target
193.00 (-15%)
Dividend
N/A
EV/EBITDA
16.24
P/E
32.54
EV/Sales
3.66
Sector
Broadline Retail
Category
growth
Unraveling Amazon's Earnings: What You Need to Know
AMZN: Initiated 5% at $93 in Mar. Q4 rev $170B (+14% YoY), FY sales $574.8B (+12%). Q4 op income $13.2B (+200% YoY), margin 7.8% vs 1.8%. EPS $1 vs $0.8 est. FCF $36.8B vs -$11.6B outflow. N.A. margins 4.2%. AWS margins up on cuts, sales +13.2%, backlog +41% to $155.7B. Ad rev +24% to $46.9B, 3P +19%. Capex -$10.2B to $48.4B. DCF PT $193 (10.3% upside), 12.5% IRR. Rev CAGR 10.5% to '28, margin expansion. Terminal FCF 9.3% on 10% capex. 17.3x EV/EBITDA. Upside remains.
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