AMZN · Amazon.com, Inc.

$232.692026-07-21

Sector: Consumer Cyclical; Industry: Specialty Retail; Sub-Industry: Broadline Retail

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr) · Leases factored

Bull

$230

-1.3% vs market

Base · active

$225

-3.4% vs market

Bear

$162

-30.5% vs market

Mulya.ai vs Analyst IV Comparison?

Bear $162

Base $225

Bull $230

Market $233

Median $319

Market Price $233

Mulya.ai Base $225

Analysts Median $319

Mulya.ai IV range ($162 · $230)

Analysts Range ($175 · $330)

Fundamentals · historical + forward · base

italics = DCF projection

Period	Revenue	Rev Gr ?	Ops M% ?	Tax Rate ?	NOPAT ?	Reinvest ?	FCFF ?	WACC% ?	PV FCFF ?	ROIC ?	Inv. Cap ?	EPS ?	P/E
2024.Q1	$574.8B	—	9.8%	18.6%	$45.6B	−$81.8B	−$36.2B	10.2%	—	10.2%	$447.3B	$2.80	—
2024.Q4	$574.8B	0.0%	9.8%	13.5%	$48.5B	−$117.6B	−$69.1B	10.6%	—	10.3%	$495.5B	$2.80	—
2025.Q1	$638.0B	11.0%	16.4%	14.7%	$89.0B	−$158.1B	−$69.0B	10.9%	—	16.9%	$559.8B	$5.45	—
2025.Q4	$638.0B	0.0%	16.4%	19.7%	$83.8B	−$185.1B	−$101.4B	10.7%	—	13.9%	$648.9B	$5.45	—
2026.Q1	$742.8B	16.4%	17.5%	21.0%	$102.7B	−$248.8B	−$146.1B	10.5%	—	14.4%	$780.9B	$8.35	19.5
italics below = DCF projection · 10yr Rev CAGR: 10.4%
2027.Q1	$851.7B	+14.7%	17.0%	20.9%	$114.8B	−$274.6B	−$159.9B	10.2%	−$145.1B	12.5%	$1055.5B	$6.94	33.5
2028.Q1	$966.1B	+13.4%	17.8%	20.8%	$136.2B	−$196.8B	−$60.7B	10.0%	−$50.0B	11.8%	$1252.4B	$8.23	28.3
2029.Q1	$1096.1B	+13.5%	19.8%	20.7%	$172.4B	−$169.6B	$2.8B	9.9%	$2.1B	12.9%	$1422.0B	$10.42	22.3
2030.Q1	$1227.9B	+12.0%	21.5%	20.6%	$210.0B	−$196.8B	$13.2B	9.7%	$9.0B	13.8%	$1618.8B	$12.69	18.3
2031.Q1	$1384.9B	+12.8%	21.5%	20.5%	$237.2B	−$221.1B	$16.1B	9.6%	$10.0B	13.7%	$1839.9B	$14.34	16.2

Term. Yr+	$2074.4B	4.1%	20.0%	20.0%	$332.6B	−$104.1B	$228.5B	8.6%	$2052.4B	13.1%	—	—	—

Active scenario IV: $225 (-3.4% vs market)