Amazon.com, Inc.

AI-generated fair value estimate for this company.

Method: 10-year revenue-based FCF-margin-ramp DCF: $775.7B TTM revenue growing 10% to 7%; FCF margin ramps from a capex-suppressed ~3% to a normalized 10% as AI-infrastructure capex moderates; 9% discount rate; 3.5% terminal growth; ~$128.6B net debt ($251.6B debt less $123.0B cash); 10.79B shares outstanding.

Reasoning: Amazon's TTM free cash flow is temporarily depressed by an unprecedented AI-datacenter capex cycle; modeling a gradual FCF-margin recovery as capex normalizes better captures sustainable long-run value than trailing FCF alone.