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 2,687,410 - -
Change - -49.32% 83.23% 46.92% 6.96% 8.91% - -
Enterprise Value (EV) 1 1,643,698 854,063 1,541,687 2,258,309 2,410,135 2,709,688 2,761,432 2,791,423
Change - -48.04% 80.51% 46.48% 6.72% 12.43% 1.91% 1.09%
P/E 51.4x -311x 52.4x 39.7x 32.2x 19.3x 23.7x 18.1x
PBR 12.3x 5.89x 8.2x 7.97x 6.03x 4.7x 3.68x 2.92x
PEG - 3x -0x 0.4x 1.1x 0.2x -1.3x 0.6x
Capitalization / Revenue 3.6x 1.67x 2.73x 3.62x 3.44x 3.24x 2.84x 2.45x
EV / Revenue 3.5x 1.66x 2.68x 3.54x 3.36x 3.27x 2.91x 2.54x
EV / EBITDA 22.8x 11.4x 14x 15.7x 14.2x 12.5x 10.1x 7.89x
EV / EBIT 66.1x 69.7x 41.8x 32.9x 30.1x 24.7x 19.7x 15.3x
EV / FCF -181x -73.8x 41.9x 59.1x 215x -79.6x -463x 70.2x
FCF Yield -0.55% -1.35% 2.39% 1.69% 0.46% -1.26% -0.22% 1.43%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 3.24 -0.27 2.9 5.53 7.17 12.88 10.5 13.78
Distribution rate - - - - - - - -
Net sales 1 469,822 513,983 574,785 637,959 716,924 828,285 947,853 1,097,389
EBITDA 1 71,994 75,053 110,305 144,162 169,837 216,916 273,088 353,923
EBIT 1 24,879 12,248 36,852 68,593 79,975 109,848 140,198 182,106
Net income 1 33,364 -2,722 30,425 59,248 77,670 140,116 115,454 147,228
Net Debt 1 -47,305 -2,876 -28,466 -48,579 -57,381 22,278 74,022 104,013
Reference price 2 166.72 84.00 151.94 219.39 230.82 249.15 249.15 249.15
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.($)
19.34x3.27x12.49x-.--% 2,687B
28.01x2.01x14.61x3.1% 60.48B
9.78x0.09x3.55x3.91% 35.75B
-27.4x0.57x32.67x-.--% 24.93B
15.12x - - - 16.69B
15.64x1.37x9.29x3.23% 16.05B
64.15x5.72x30.36x0.19% 14.59B
-1332.12x1.15x17.84x0.01% 14.05B
32.76x2.32x16.16x0.78% 14.16B
Average -130.52x 2.06x 17.12x 1.4% 320.46B
Weighted average by Cap. 12.67x 3.17x 12.72x 0.14%

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