Stock Analysis on Net

Amazon.com Inc. (NASDAQ:AMZN)

Price to FCFE (P/FCFE)

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Free Cash Flow to Equity (FCFE)

Amazon.com Inc., FCFE calculation

US$ in millions

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12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income (loss) 59,248 30,425 (2,722) 33,364 21,331
Net noncash charges 72,170 66,062 70,360 32,574 31,252
Changes in operating assets and liabilities (15,541) (11,541) (20,886) (19,611) 13,481
Net cash provided by operating activities 115,877 84,946 46,752 46,327 66,064
Purchases of property and equipment (82,999) (52,729) (63,645) (61,053) (40,140)
Proceeds from property and equipment sales and incentives 5,341 4,596 5,324 5,657 5,096
Proceeds from short-term debt, and other 5,142 18,129 41,553 7,956 6,796
Repayments of short-term debt, and other (5,060) (25,677) (37,554) (7,753) (6,177)
Proceeds from long-term debt 21,166 19,003 10,525
Repayments of long-term debt (9,182) (3,676) (1,258) (1,590) (1,553)
Principal repayments of finance leases (2,043) (4,384) (7,941) (11,163) (10,642)
Free cash flow to equity (FCFE) 27,076 21,205 4,397 (2,616) 29,969

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to Amazon.com Inc. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. Amazon.com Inc. FCFE increased from 2022 to 2023 and from 2023 to 2024.

Price to FCFE Ratio, Current

Amazon.com Inc., current P/FCFE calculation, comparison to benchmarks

Microsoft Excel
No. shares of common stock outstanding 10,597,729,352
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions) 27,076
FCFE per share 2.55
Current share price (P) 196.01
Valuation Ratio
P/FCFE 76.72
Benchmarks
P/FCFE, Competitors1
Home Depot Inc. 14.68
Lowe’s Cos. Inc. 18.41
TJX Cos. Inc. 36.62
P/FCFE, Sector
Consumer Discretionary Distribution & Retail 47.16
P/FCFE, Industry
Consumer Discretionary 33.71

Based on: 10-K (reporting date: 2024-12-31).

1 Click competitor name to see calculations.

If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.


Price to FCFE Ratio, Historical

Amazon.com Inc., historical P/FCFE calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
No. shares of common stock outstanding1 10,597,729,352 10,387,381,291 10,247,259,757 10,176,888,200 10,071,294,860
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)2 27,076 21,205 4,397 (2,616) 29,969
FCFE per share3 2.55 2.04 0.43 -0.26 2.98
Share price1, 4 229.15 171.81 103.39 157.64 165.63
Valuation Ratio
P/FCFE5 89.69 84.16 240.95 55.66
Benchmarks
P/FCFE, Competitors6
Home Depot Inc. 20.12 19.60 19.87 15.41 14.99
Lowe’s Cos. Inc. 18.03 7.08 13.55 12.28 8.69
TJX Cos. Inc. 28.74 33.59 10.55 19.71
P/FCFE, Sector
Consumer Discretionary Distribution & Retail 53.08 41.58 51.89 59.10 38.09
P/FCFE, Industry
Consumer Discretionary 39.60 30.84 36.19 82.92 32.04

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2024 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 27,076,000,000 ÷ 10,597,729,352 = 2.55

4 Closing price as at the filing date of Amazon.com Inc. Annual Report.

5 2024 Calculation
P/FCFE = Share price ÷ FCFE per share
= 229.15 ÷ 2.55 = 89.69

6 Click competitor name to see calculations.

Valuation ratio Description The company
P/FCFE Price to free cash flow to equity is cash valuation indicator of stockholders’ equity. Amazon.com Inc. P/FCFE ratio decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.