| Intrinsic Valuation of: AMZN | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 8 | Market Cap | $2,841B | |||||
| 2021 | - | - (-) | P/E Ratio | 32 | Total Asset | $818B | |||||
| 2022 | $-17B | - (-) | Net Income | $78B | Total Debt | $66B | |||||
| 2023 | $32B | 290.7% (270.5%) | EBITDA | $165B | Total Liab | $407B | |||||
| 2024 | $33B | 2.1% (-8.1%) | Opr Margin | 11.16 | Debt/Equity | 0.16 | |||||
| 2025 | $8B | -76.6% (-79.2%) | PreTax Margin | 10.84 | BV/Share | 35 | |||||
| 5Y Average FCF | $14B | 15.0% (61.1%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.48% | Historical US Bond Yield: | 4.40% | ||||||||
| Discount Rate (WACC): | 11.37% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (15.0%) | ||||||||||
| 2026 | $15B | MBG Intrinsic Value | $75 | ||||||||
| 2027 | $16B | ||||||||||
| 2028 | $18B | ||||||||||
| 2029 | $19B | ||||||||||
| 2030 | $20B | ||||||||||
| 2031 | $21B | ||||||||||
| Terminal Value | $240B | Net Worth/Share | $38 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $201B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $87B | $21 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $66B | WACC | 9.4% | 24 | 25 | 26 | 28 | 29 | |||
| Equity Value | $222B | 10.4% | 21 | 22 | 23 | 24 | 25 | ||||
| Shares Outstanding | 10,757,109,436 | 11.4% | 19 | 20 | 21 | 21 | 22 | ||||
| 12.4% | 18 | 18 | 19 | 19 | 20 | ||||||
| DCF Intrinsic Value | $21 | 13.4% | 16 | 17 | 17 | 18 | 18 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||