Financials Amazon.com, Inc. BOERSE MUENCHEN

Equities

AMZ1

CA02315E1051

Department Stores

Real-time BOERSE MUENCHEN Other stock markets 11:30:43 03/07/2024 am IST			5-day change	1st Jan Change
16.2 ^EUR	0.00%		+4.52%	+29.60%

06:31am	The Calmer Co International Grows eCommerce Sales in June; Shares Jump 25%	MT
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Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	9,16,154	16,34,168	16,91,003	8,56,939	15,70,153	20,81,325	-	-
Enterprise Value (EV) ¹	8,84,547	15,81,588	16,43,698	8,54,063	15,41,687	20,11,725	19,37,250	19,03,846
P/E ratio	80.3 x	77.9 x	51.4 x	-311 x	52.4 x	44 x	34.8 x	26.8 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	3.27 x	4.23 x	3.6 x	1.67 x	2.73 x	3.26 x	2.93 x	2.64 x
EV / Revenue	3.15 x	4.1 x	3.5 x	1.66 x	2.68 x	3.15 x	2.73 x	2.41 x
EV / EBITDA	20.4 x	27.6 x	22.8 x	11.4 x	14 x	14.7 x	12 x	9.96 x
EV / FCF	40.9 x	51 x	-112 x	-73.8 x	41.9 x	32.4 x	24.6 x	18.6 x
FCF Yield	2.45%	1.96%	-0.9%	-1.35%	2.39%	3.08%	4.07%	5.37%
Price to Book	14.8 x	17.5 x	12.3 x	5.89 x	8.2 x	7.54 x	5.8 x	4.62 x
Nbr of stocks (in thousands)	99,15,944	1,00,35,024	1,01,42,952	1,02,01,654	1,03,34,031	1,04,06,627	-	-
Reference price ²	92.39	162.8	166.7	84.00	151.9	200.0	200.0	200.0
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	2,80,522	3,86,064	4,69,822	5,13,983	5,74,785	6,38,804	7,10,204	7,88,967
EBITDA ¹	43,395	57,283	71,994	75,053	1,10,305	1,37,064	1,61,026	1,91,139
EBIT ¹	14,541	22,899	24,879	12,248	36,852	62,119	76,364	96,789
Operating Margin	5.18%	5.93%	5.3%	2.38%	6.41%	9.72%	10.75%	12.27%
Earnings before Tax (EBT) ¹	13,976	24,178	38,151	-5,936	37,557	60,454	76,947	98,978
Net income ¹	11,588	21,331	33,364	-2,722	30,425	48,867	62,253	80,090
Net margin	4.13%	5.53%	7.1%	-0.53%	5.29%	7.65%	8.77%	10.15%
EPS ²	1.150	2.092	3.240	-0.2700	2.900	4.548	5.752	7.459
Free Cash Flow ¹	21,653	31,020	-14,726	-11,569	36,813	61,995	78,792	1,02,260
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%	45.23%	48.93%	53.5%
FCF Conversion (Net income)	186.86%	145.42%	-	-	121%	126.87%	126.57%	127.68%
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	1,37,412	1,16,444	1,21,234	1,27,101	1,49,204	1,27,358	1,34,383	1,43,083	1,69,961	1,43,313	1,48,635	1,58,192	1,87,440	1,57,953	1,63,757
EBITDA ¹	16,966	16,146	18,210	18,450	21,787	20,868	26,543	29,392	33,502	32,180	32,734	34,144	38,071	36,612	38,740
EBIT ¹	3,460	3,669	3,317	2,525	2,737	4,774	7,681	11,188	13,209	15,307	13,611	15,104	17,647	16,889	16,532
Operating Margin	2.52%	3.15%	2.74%	1.99%	1.83%	3.75%	5.72%	7.82%	7.77%	10.68%	9.16%	9.55%	9.41%	10.69%	10.1%
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	10,878	12,168	14,267	13,074	13,168
Net margin	10.42%	-3.3%	-1.67%	2.26%	0.19%	2.49%	5.02%	6.9%	6.25%	7.28%	7.32%	7.69%	7.61%	8.28%	8.04%
EPS ²	1.388	-0.3780	-0.2000	0.2800	0.0300	0.3100	0.6500	0.9400	1.000	0.9800	1.021	1.138	1.333	1.259	1.216
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	1,44,076	1,77,479
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	21,653	31,020	-14,726	-11,569	36,813	61,995	78,792	1,02,260
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	1,93,948	2,73,222	3,70,876	4,41,596	4,95,263	5,73,221	6,67,519	8,19,123
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

200 USD

Average target price

219.2 USD

Spread / Average Target

+9.60%

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