Company Valuation: Amazon.com, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,691,003 856,939 1,570,153 2,306,888 2,467,516 2,801,961 - -
Change - -49.32% 83.23% 46.92% 6.96% 13.55% - -
Enterprise Value (EV) 1 1,643,698 854,063 1,541,687 2,258,309 2,410,135 2,824,239 2,875,983 2,905,973
Change - -48.04% 80.51% 46.48% 6.72% 17.18% 1.83% 1.04%
P/E 51.4x -311x 52.4x 39.7x 32.2x 20.7x 24.8x 18.9x
PBR 12.3x 5.89x 8.2x 7.97x 6.03x 4.9x 3.83x 3.05x
PEG - 3x -0x 0.4x 1.1x 0.3x -1.5x 0.6x
Capitalization / Revenue 3.6x 1.67x 2.73x 3.62x 3.44x 3.38x 2.96x 2.56x
EV / Revenue 3.5x 1.66x 2.68x 3.54x 3.36x 3.41x 3.04x 2.65x
EV / EBITDA 22.8x 11.4x 14x 15.7x 14.2x 13x 10.5x 8.24x
EV / EBIT 66.1x 69.7x 41.8x 32.9x 30.1x 25.7x 20.5x 16x
EV / FCF -181x -73.8x 41.9x 59.1x 215x -82.7x -487x 73.7x
FCF Yield -0.55% -1.35% 2.39% 1.69% 0.46% -1.21% -0.21% 1.36%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 3.24 -0.27 2.9 5.53 7.17 12.56 10.49 13.74
Distribution rate - - - - - - - -
Net sales 1 469,822 513,983 574,785 637,959 716,924 828,276 946,673 1,095,337
EBITDA 1 71,994 75,053 110,305 144,162 169,837 216,731 273,099 352,879
EBIT 1 24,879 12,248 36,852 68,593 79,975 109,750 139,971 181,964
Net income 1 33,364 -2,722 30,425 59,248 77,670 134,130 115,190 145,454
Net Debt 1 -47,305 -2,876 -28,466 -48,579 -57,381 22,278 74,022 104,013
Reference price 2 166.72 84.00 151.94 219.39 230.82 259.77 259.77 259.77
Nbr of stocks (in thousands) 10,142,952 10,201,654 10,334,031 10,515,011 10,690,216 10,786,314 - -
Announcement Date 2/3/22 2/2/23 2/1/24 2/6/25 2/5/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.67x3.41x13.03x-.--% 2,802B
10.51x0.1x4.07x3.67% 37.95B
-36.55x0.67x37.68x-.--% 28.87B
-1289.39x1.11x17.36x0.01% 13.6B
25.2x3.53x12.03x-.--% 11.98B
206.75x7.82x85.69x-.--% 10.52B
24.3x2.94x9.94x-.--% 7.46B
25.44x2.39x15.16x1.95% 5.93B
-15.78x1.67x13.73x-.--% 2.71B
Average -114.32x 2.63x 23.19x 0.63% 324.55B
Weighted average by Cap. 14.55x 3.34x 13.43x 0.05%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield