Amazon is the definitive global utility, split between the capital-heavy dominance of Amazon Web Services (AWS) in cloud infrastructure and the capital-light scale of its global e-commerce and advertising platforms. It commands critical nodes in both the physical logistics and digital tech stacks, providing compute, storage, and database services via AWS (S-D1) and operating a massive consumer platform (S-D5).
The primary investment thesis centers on AWS reacceleration, evidenced by strong sequential revenue growth of +7.43% QoQ. Classified as a Digital Utility (M4), AMZN converts 19.72% of revenue into Operating Cash Flow, fueling continuous CapEx expansion to meet secular AI infrastructure demand ($C2). While the TTM FCF margin (1.53%) appears low due to aggressive investment, the scale ensures long-term cash generation and competitive advantage in critical $T4 (Security/Sovereign AI) mandates.
| Market Cap | 2.4T |
| PE Ratio (TTM) | 31.95 |
| Revenue (TTM) | 691.3B |
| Profit Margin | 0.1106 |
| 52 Week High | 258.60 |
| 52 Week Low | 161.38 |
| Price | 230.28 |
What do you have to believe?
Growth vs Discount Rate
| 12% | 9% | 7% | |
|---|---|---|---|
| High | -- | -- | -- |
| Base | -- | -- | -- |
| Low | -- | -- | -- |
β Undervalued β Overvalued
| Year | Revenue | Margin | FCF | PV of FCF |
|---|---|---|---|---|
| Terminal Value (PV) | -- | |||
| Enterprise Value | -- | |||
| Equity Value (EV + Cash - Debt) | -- | |||