GOOGL - Embedded Expectations Analysis - 2020 03 18
ï€ Alphabet, Inc (GOOGL:USA) currently trades below corporate averages relative toUAFRS-based (Uniform) Earnings, with a 15.9x Uniform P/E, implying bearish expectations for the firm, but management is confident about their holiday sales,
G suite growth, and strength across their businesses
ï€ Specifically, management is confident that they had the largest number of daily shoppers in google.com history this past Black Friday and Cyber Monday weekend, and that they had significant Nest Hub Max sales over the holidays. In addition, they are also confident in their G Suite growth that reflects an increase in seat count and average revenue per seat, and that they are seeing strength across businesses such as YouTube, Cloud, Play, and hardware
Alphabet is a holding company. Through its subsidiaries, the company is engaged in a collection of businesses, which its primary business is Google. The company reports all non-Google businesses collectively as Other Bets. Google's main products and platforms are Android, Chrome, Gmail, Google Drive, Google Maps, Google Play, Search, and YouTube. The company also provides advertisers with tools that help them attribute and measure their advertising campaigns. In addition, Other Bets includes Access, Calico, CapitalG, GV, Verily, Waymo, and X, among others. Other Bets primarily engages in the sales of internet and TV services through Access as well as licensing and research and development services through Verily.
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