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, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net income 33,364 21,331 11,588 10,073 3,033
Net noncash charges 32,574 31,252 29,364 21,693 15,574
Changes in operating assets and liabilities (19,611) 13,481 (2,438) (1,043) (173)
Net cash provided by operating activities 46,327 66,064 38,514 30,723 18,434
Purchases of property and equipment (61,053) (40,140) (16,861) (13,427) (11,955)
Proceeds from property and equipment sales and incentives 5,657 5,096 4,172 2,104 1,897
Proceeds from short-term debt, and other 7,956 6,796 1,402 886
Repayments of short-term debt, and other (7,753) (6,177) (1,518) (813)
Proceeds from long-term debt 19,003 10,525 871 182 16,231
Repayments of long-term debt (1,590) (1,553) (1,166) (155) (1,372)
Principal repayments of finance leases (11,163) (10,642) (9,628) (7,449) (4,799)
Free cash flow to equity (FCFE) (2,616) 29,969 15,786 12,051 18,436

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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 2019 to 2020 but then decreased significantly from 2020 to 2021.

Price to FCFE Ratio, Current

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

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No. shares of common stock outstanding 10,201,654,176
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions) (2,616)
FCFE per share -0.26
Current share price (P) 91.01
Valuation Ratio
P/FCFE
Benchmarks
P/FCFE, Competitors1
Booking Holdings Inc. 54.53
Home Depot Inc. 19.79
Lowe’s Cos. Inc. 11.22
Target Corp. 12.02
P/FCFE, Sector
Retailing 40.36
P/FCFE, Industry
Consumer Discretionary 60.72

Based on: 10-K (reporting date: 2021-12-31).

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

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Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
No. shares of common stock outstanding1 10,176,888,200 10,071,294,860 9,956,208,880 9,824,057,800 9,682,143,660
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)2 (2,616) 29,969 15,786 12,051 18,436
FCFE per share3 -0.26 2.98 1.59 1.23 1.90
Share price1, 4 157.64 165.63 100.44 81.31 71.50
Valuation Ratio
P/FCFE5 55.66 63.35 66.28 37.55
Benchmarks
P/FCFE, Competitors6
Booking Holdings Inc. 69.03 37.59 15.41 24.98 15.00
Home Depot Inc. 15.41 14.99 16.61 15.10 17.06
Lowe’s Cos. Inc. 12.28 8.69 20.45 14.91 9.98
Target Corp. 11.15 13.90 17.63 13.10 9.61
P/FCFE, Sector
Retailing 59.07 37.35 35.66 32.74 23.52
P/FCFE, Industry
Consumer Discretionary 87.47 29.10 28.58 19.57 17.24

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2021 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= -2,616,000,000 ÷ 10,176,888,200 = -0.26

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

5 2021 Calculation
P/FCFE = Share price ÷ FCFE per share
= 157.64 ÷ -0.26 =

6 Click competitor name to see calculations.