Report
R.J. Hottovy
EUR 100.00 For Business Accounts Only

Market Fixation on Its Near-Term Revenue Overshadowing Amazon's Dynamic Long-Term Cash Flow Model

Wide-moat Amazon capped off 2018 with strong fourth-quarter results that solidified our views about the company's ongoing shift from purely a growth story to one that better balances cash flow generation through margin-accretive offerings such as third-party services, new Prime membership tiers and subscription platforms, expanded AWS functionality, and advertising (with Alexa licensing offering a potential future contributor). The market continues to pressure the stock due to first-quarter 2019...
Underlying
Amazon.com Inc.

Amazon.com serves consumers through its online and physical stores. The company also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, and Ring, and the company develops and produces media content. The company operates customer service centers and provides programs that enable sellers to grow their businesses, sell their products in its stores, and fulfill orders through the company The company serves developers and enterprises of various sizes, including start-ups, government agencies, and academic institutions, through its Amazon Web Services segment, which provides a set of global compute, storage, database, and other service offerings. The company also provides services, such as advertising.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
R.J. Hottovy

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