AWS alone brought in $6.5B of operating income last Q. They grow at 39% YoY with a 36% margin.
Even if you disregarded their advertising unit, investment unit, retail and network unit etc…
They are valued at 39 P/E and with their growth, around 20 P/E in a few years. Again, if you only valued their company with AWS at their current valuation. I'm starting to think AMZN is at an attractive valuation if you would also count in the massive profits from other sectors like their advertising business, subscriptions, third party sellers (and their online store too which is technically profitable too but they reinvest everything).
I don't know, thoughts?
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