Financials Amazon.com, Inc. BOERSE MUENCHEN

Equities

AMZ1

CA02315E1051

Department Stores

Real-time BOERSE MUENCHEN Other stock markets 09:14:22 01/07/2024 BST			5-day change	1st Jan Change
16 ^EUR	0.00%		+3.90%	+28.00%

06-28	US, India extend digital tax truce to Sunday as deadline approaches	RE
06-28	Wall Street ends lower as investors digest inflation data, presidential debate	RE

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	2,011,081	-	-
Enterprise Value (EV) ¹	884,547	1,581,588	1,643,698	854,063	1,541,687	1,941,480	1,867,005	1,833,601
P/E ratio	80.3 x	77.9 x	51.4 x	-311 x	52.4 x	42.5 x	33.6 x	25.9 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	3.27 x	4.23 x	3.6 x	1.67 x	2.73 x	3.15 x	2.83 x	2.55 x
EV / Revenue	3.15 x	4.1 x	3.5 x	1.66 x	2.68 x	3.04 x	2.63 x	2.32 x
EV / EBITDA	20.4 x	27.6 x	22.8 x	11.4 x	14 x	14.1 x	11.6 x	9.6 x
EV / FCF	40.9 x	51 x	-112 x	-73.8 x	41.9 x	31.3 x	23.7 x	17.9 x
FCF Yield	2.45%	1.96%	-0.9%	-1.35%	2.39%	3.19%	4.22%	5.58%
Price to Book	14.8 x	17.5 x	12.3 x	5.89 x	8.2 x	7.29 x	5.6 x	4.46 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	193.2	193.2	193.2
Announcement Date	30/01/20	02/02/21	03/02/22	02/02/23	01/02/24	-	-	-

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	638,799	710,166	788,946
EBITDA ¹	43,395	57,283	71,994	75,053	110,305	137,471	160,268	190,901
EBIT ¹	14,541	22,899	24,879	12,248	36,852	62,096	76,392	97,374
Operating Margin	5.18%	5.93%	5.3%	2.38%	6.41%	9.72%	10.76%	12.34%
Earnings before Tax (EBT) ¹	13,976	24,178	38,151	-5,936	37,557	60,454	76,947	99,837
Net income ¹	11,588	21,331	33,364	-2,722	30,425	48,857	62,336	80,060
Net margin	4.13%	5.53%	7.1%	-0.53%	5.29%	7.65%	8.78%	10.15%
EPS ²	1.150	2.092	3.240	-0.2700	2.900	4.548	5.759	7.459
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%	9.7%	11.09%	12.96%
FCF Conversion (EBITDA)	49.9%	54.15%	-	-	33.37%	45.1%	49.16%	53.57%
FCF Conversion (Net income)	186.86%	145.42%	-	-	121%	126.89%	126.4%	127.73%
Dividend per Share ²	-	-	-	-	-	-	-	-
Announcement Date	30/01/20	02/02/21	03/02/22	02/02/23	01/02/24	-	-	-

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	148,631	158,210	187,461	157,978	163,812
EBITDA ¹	16,966	16,146	18,210	18,450	21,787	20,868	26,543	29,392	33,502	32,180	32,760	34,204	38,035	36,157	37,673
EBIT ¹	3,460	3,669	3,317	2,525	2,737	4,774	7,681	11,188	13,209	15,307	13,606	15,108	17,626	17,087	16,593
Operating Margin	2.52%	3.15%	2.74%	1.99%	1.83%	3.75%	5.72%	7.82%	7.77%	10.68%	9.15%	9.55%	9.4%	10.82%	10.13%
Earnings before Tax (EBT) ¹	14,934	-5,265	-2,653	2,944	-962	4,119	7,563	12,189	13,686	12,983	13,497	15,206	17,909	15,946	16,164
Net income ¹	14,323	-3,844	-2,028	2,872	278	3,172	6,750	9,879	10,624	10,431	10,888	12,187	14,270	13,404	13,325
Net margin	10.42%	-3.3%	-1.67%	2.26%	0.19%	2.49%	5.02%	6.9%	6.25%	7.28%	7.33%	7.7%	7.61%	8.49%	8.13%
EPS ²	1.388	-0.3780	-0.2000	0.2800	0.0300	0.3100	0.6500	0.9400	1.000	0.9800	1.022	1.140	1.333	1.275	1.225
Dividend per Share ²	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	03/02/22	28/04/22	28/07/22	27/10/22	02/02/23	27/04/23	03/08/23	26/10/23	01/02/24	30/04/24	-	-	-	-	-

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%	18.7%
ROA (Net income/ Total Assets)	5.97%	7.81%	9%	-0.62%	6.14%	8.52%	9.33%	9.78%
Assets ¹	193,948	273,222	370,876	441,596	495,263	573,105	668,414	818,824
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	61,710	67,036	71,209
Capex / Sales	6.01%	9.08%	11.79%	11.35%	8.37%	9.66%	9.44%	9.03%
Announcement Date	30/01/20	02/02/21	03/02/22	02/02/23	01/02/24	-	-	-

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

193.2 USD

Average target price

218.9 USD

Spread / Average Target

+13.30%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Internet & Mail Order Department Stores

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Internet & Mail Order Department Stores