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Amazon stock analysis. Ticker: $AMZN

Amazon reported earnings last week and the stock climbed by 7% taking the market value to 1.8 trillion dollars. With 87 billion of cash and investments and 58 billion of long term debt, the enterprise value is 1.79 trillion.

Amazon has invested heavily in its fulfillment network in recent years and is now reaping the rewards. Total revenue in the quarter grew 14% to 170 billion dollars and this was supported by growth in all of the company’s business segments.

Online store sales were up 8% to 71 billion
Physical stores grew 4% to 5.2 billion
Third party services grew 19% to 44 billion
Advertising grew 26% to 15 billion
Subscriptions grew 13% to 10.5 billion
And AWS grew 13% to 24 billion.

For the full year the company delivered 575 billion dollars of revenue and 109 billion of ebitda. Even more impressive, free cash flow swung from a 20 billion loss in 2022 to over 32 billion.

It’s that huge swing which highlights a key argument for owning Amazon stock despite the high valuation.

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