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Amazon
Over the past 10-year Amazon (AMZN) has been able to grow its revenue by over 1000 percent, while its stock price has increased by over 1,300 percent. Over the trailing twelve months (TTM), AMZN has grown its revenue to around $142 billion, and its stock price has soared to just under $1000 per share.
data by YCharts
data by YCharts
Meanwhile, analyst estimates for revenue have been rising as well. With revenue estimates rising to around $238 billion in 2019.
data by YCharts
While the stock trades at 3, 5, & 7-year average Price-to-Sales ratio of 2.43, 2.28, and 2.26 respectively.
data by YCharts
Based on a 2019 revenue of $238 billion, Â and a PS ratio of roughly 2.35, AMZN could be worth nearly $545 billion.
N Market Cap data by YCharts
Based on 490 million diluted shares outstanding, the stock could be worth nearly $1,115 per share. Unlock Deeper Insights with Exclusive Member-Only Video Content on The Market Chronicles YouTube Channel – Just $34.99/Month
AMZN Average Diluted Shares Outstanding (Quarterly) data by YCharts
AMZN Growth Potential
However, it is entirely possible that those estimates for revenue growth are too low. Â The chart below shows the plots and forecast based on historical revenue growth.

The forecasted revenue projects growth to exceed $275 million in 2019.  Plotted against analyst estimates.

At around $275 billion in 2019 revenue, AMZN market cap at 2.35 times sales, could approach $646 billion or roughly $1320 per share.
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Michael Kramer and the clients of Mott Capital Management, LLC DO NOT own shares of  AMZN.
Michael Kramer is the Founder and Portfolio Manager of Mott Capital Management, LLC a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
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This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and investment adviser representative with Mott Capital Management. Mr. Kramer is not affiliated with this company and does not serve on the board of any related company that issued this stock. All opinions and analyses presented by Michael Kramer in this analysis or market report are solely Michael Kramer’s views. Readers should not treat any opinion, viewpoint, or prediction expressed by Michael Kramer as a specific solicitation or recommendation to buy or sell a particular security or follow a particular strategy. Michael Kramer’s analyses are based upon information and independent research that he considers reliable, but neither Michael Kramer nor Mott Capital Management guarantees its completeness or accuracy, and it should not be relied upon as such. Michael Kramer is not under any obligation to update or correct any information presented in his analyses. Mr. Kramer’s statements, guidance, and opinions are subject to change without notice. Past performance is not indicative of future results. Neither Michael Kramer nor Mott Capital Management guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis. Strategies or investments discussed may fluctuate in price or value. Investments or strategies mentioned in this analysis may not be suitable for you. This material does not consider your particular investment objectives, financial situation, or needs and is not intended as a recommendation appropriate for you. You must make an independent decision regarding investments or strategies in this analysis. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Before acting on information in this analysis, you should consider whether it is suitable for your circumstances and strongly consider seeking advice from your own financial or investment adviser to determine the suitability of any investment.