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 2,655,051 - -
Change - -49.32% 83.23% 46.92% 6.96% 7.6% - -
Enterprise Value (EV) 1 1,643,698 854,063 1,541,687 2,258,309 2,410,135 2,677,329 2,729,073 2,759,064
Change - -48.04% 80.51% 46.48% 6.72% 11.09% 1.93% 1.1%
P/E 51.4x -311x 52.4x 39.7x 32.2x 19.1x 23.4x 17.9x
PBR 12.3x 5.89x 8.2x 7.97x 6.03x 4.64x 3.63x 2.89x
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 3.2x 2.8x 2.42x
EV / Revenue 3.5x 1.66x 2.68x 3.54x 3.36x 3.23x 2.88x 2.51x
EV / EBITDA 22.8x 11.4x 14x 15.7x 14.2x 12.3x 9.99x 7.81x
EV / EBIT 66.1x 69.7x 41.8x 32.9x 30.1x 24.4x 19.4x 15.1x
EV / FCF -181x -73.8x 41.9x 59.1x 215x -78.3x -464x 69.3x
FCF Yield -0.55% -1.35% 2.39% 1.69% 0.46% -1.28% -0.22% 1.44%
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 1 469,822 513,983 574,785 637,959 716,924 828,493 948,220 1,097,514
EBITDA 1 71,994 75,053 110,305 144,162 169,837 216,860 273,308 353,417
EBIT 1 24,879 12,248 36,852 68,593 79,975 109,866 140,320 182,489
Net income 1 33,364 -2,722 30,425 59,248 77,670 140,097 115,450 147,228
Net Debt 1 -47,305 -2,876 -28,466 -48,579 -57,381 22,278 74,022 104,013
Reference price 2 166.72 84.00 151.94 219.39 230.82 246.15 246.15 246.15
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.($)
19.39x3.28x12.52x-.--% 2,655B
9.75x0.09x3.54x3.92% 35.76B
-27.46x0.57x32.69x-.--% 24.72B
17.3x - - - 19.01B
-1274.84x1.1x17.18x0.01% 13.51B
27.28x3.86x12.97x-.--% 12.97B
193.65x7.47x81.55x-.--% 9.71B
19.86x2.52x8.53x-.--% 6.33B
25.82x2.42x15.39x1.92% 6.05B
Average -109.92x 2.66x 23.05x 0.73% 309.23B
Weighted average by Cap. 13.21x 3.22x 12.85x 0.06%

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