Overview
Amazon is a technological company which engaged in e-commerce, cloud computing & advertising. Amazon is the 5th largest public trading company value of $1.951 trillion. The company started as an online book-selling platform in 1994 by Jeff Bezos & later it started to sell a wide range of products. Amazon is the largest online retailer in the world & Amazon Web Services is the largest cloud computing service provider in the world.
Jeff Bezos: The Founder
Jeff Bezos is the 2nd richest man with a net worth of $200 billion. He is not just a tech guy but also a great investor. When it comes to investing he is very smart. As he points out if someone is going to invest in an internet stock, he/she must be a long-term investor. Jeff Bezos started the Amazon in 1994 in his garage.
After starting the company within two months sales reached 20,000 a week. Today Amazon has expanded its operations in many industries. They have Amazon Web Services (AWS) which includes AR, VR, blockchain games, machine learning, robotics & lot of other innovative things.
They also have Amazon Prime which offers different services, free delivery, and prime video & today Amazon Prime has 200 million subscribers worldwide.
Business Performance
For FY 2023, the company reported $574 billion in revenue & $30.4 billion in earnings. Amazon has increased its revenue from $386 billion to $574 billion from 2020 to 2023. The Amazon stock is currently trading for $188 per share & earnings per share is $3.56 & PE of 52.7.
The total assets of the company are $462 billion & equity of the company is $146 billion. The price-to-book value of the stock is 9.10, the return on assets is 5.95% & return on equity is 20.31%.
