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Alphabet Inc Class C (GOOG)

Upturn stock ratingUpturn stock rating
Alphabet Inc Class C
$193.63
Delayed price
Today's Top Picks Today’s top pick
Profit since last BUY10.05%
Strong Buy
upturn advisory
BUY since 31 days
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss ​
  • PASS (Skip invest)*​ ​
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK
Time period over

Upturn Advisory Summary

12/12/2024: GOOG (4-star) is a STRONG-BUY. BUY since 31 days. Profits (10.05%). Updated daily EoD!

Analysis of Past Performance​

Type: Stock
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Today’s Advisory: Strong Buy
Historic Profit: 15.9%
Upturn Advisory Performance Upturn Advisory Performance3
Avg. Invested days: 52
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Stock Returns Performance Upturn Returns Performance 2
Last Close 12/12/2024
Type: Stock
Today’s Advisory: Strong Buy
Historic Profit: 15.9%
Avg. Invested days: 52
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Stock Returns Performance Upturn Returns Performance 2
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 12/12/2024
Upturn Advisory Performance Upturn Advisory Performance3

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 2.40T USD
Price to earnings Ratio 26.12
1Y Target Price 206.69
Dividends yield (FY) 0.41%
Basic EPS (TTM) 7.53
Volume (30-day avg) 19818106
Beta 1.03
52 Weeks Range 131.08 - 196.89
Updated Date 12/11/2024
Company Size Large-Cap Stock
Market Capitalization 2.40T USD
Price to earnings Ratio 26.12
1Y Target Price 206.69
Dividends yield (FY) 0.41%
Basic EPS (TTM) 7.53
Volume (30-day avg) 19818106
Beta 1.03
52 Weeks Range 131.08 - 196.89
Updated Date 12/11/2024

Earnings Date

Report Date -
When -
Estimate -
Actual -
Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 27.74%
Operating Margin (TTM) 32.31%

Management Effectiveness

Return on Assets (TTM) 16.48%
Return on Equity (TTM) 32.1%

Revenue by Products

Revenue by Products - Current and Previous Year

Revenue by Geography

Revenue by Geography - Current and Previous Year

Valuation

Trailing PE 26.12
Forward PE 22.17
Enterprise Value 2332832940000
Price to Sales(TTM) 7.06
Enterprise Value to Revenue 6.86
Enterprise Value to EBITDA 18.41
Shares Outstanding 5534000128
Shares Floating 10916891030
Percent Insiders 0.02
Percent Institutions 61.46
Trailing PE 26.12
Forward PE 22.17
Enterprise Value 2332832940000
Price to Sales(TTM) 7.06
Enterprise Value to Revenue 6.86
Enterprise Value to EBITDA 18.41
Shares Outstanding 5534000128
Shares Floating 10916891030
Percent Insiders 0.02
Percent Institutions 61.46

Analyst Ratings

Rating 4.44
Target Price 135.34
Buy 14
Strong Buy 37
Hold 10
Sell -
Strong Sell -
Rating 4.44
Target Price 135.34
Buy 14
Strong Buy 37
Hold 10
Sell -
Strong Sell -

AI Summarization

Alphabet Inc. Class C (GOOG): Comprehensive Overview

Company Profile

Detailed History and Background:

  • Founded in 2015 through a corporate restructuring of Google Inc., creating a holding company structure with Alphabet Inc. as the parent company and Google becoming its subsidiary.
  • This move aimed to separate Google's core internet businesses from newer ventures in areas like self-driving cars and life sciences.
  • Alphabet Inc. is the ultimate parent company of subsidiaries including Google, Waymo, Calico, Verily, X, and others.

Core Business Areas:

  • Google: Search engine, online advertising, cloud computing (Google Cloud Platform), hardware, software (Android, ChromeOS), YouTube.
  • Other Bets: Waymo (self-driving cars), Verily (life sciences), Calico (biotechnology research), X (moonshot projects like Wing drone delivery).

Leadership and Corporate Structure:

  • CEO: Sundar Pichai
  • CFO: Ruth Porat
  • President, Google: Philipp Schindler
  • Board of Directors: Eric Schmidt (Chairman), Larry Page, Sergey Brin, and others.
  • Alphabet's corporate structure allows for greater autonomy and flexibility for its various subsidiaries while providing centralized oversight and resource allocation.

Top Products and Market Share

Top Products:

  • Google Search: Dominant global market share (over 92%) in web search.
  • YouTube: Leading online video platform with over 2.5 billion monthly active users.
  • Android: Most popular mobile operating system globally with over 2.5 billion active devices.
  • Google Cloud Platform: Third largest cloud computing provider after Amazon Web Services and Microsoft Azure.
  • Google Ads: Major player in online advertising, generating the vast majority of Alphabet's revenue.

Market Share:

  • Search: Global market leader with over 92% share.
  • Video: YouTube holds a dominant position with over 85% share of the online video market.
  • Mobile OS: Android dominates the global smartphone market with over 70% share.

Competitor Comparison:

  • Search: Microsoft Bing (less than 5% market share).
  • Video: Meta's Facebook and Instagram (around 10% combined share).
  • Mobile OS: Apple's iOS (around 25% market share).
  • Cloud: Amazon Web Services and Microsoft Azure (larger market share).
  • Ads: Meta (Facebook) is a major competitor in online advertising.

Total Addressable Market

  • Alphabet operates in several large and growing markets:
  • Global online advertising market: estimated at over $700 billion in 2023.
  • Cloud computing market: projected to reach $1.5 trillion by 2027.
  • Mobile operating systems: market size exceeding $450 billion in 2023.
  • Online video streaming market: expected to reach $330 billion by 2027.

Financial Performance

Recent Financial Statements:

  • Revenue: $282.8 billion (2022), $257.6 billion (2021).
  • Net Income: $67.4 billion (2022), $76 billion (2021).
  • Profit Margin: 24% (2022), 29% (2021).
  • EPS: $112.22 (2022), $128.40 (2021).

Year-over-Year Performance:

  • Revenue grew 10% in 2022, with Google Services (search, ads, YouTube) driving growth.
  • Net income declined slightly due to increased operating expenses and a challenging macroeconomic environment.
  • Profit margin decreased due to higher expenses.
  • EPS was lower in 2022 due to the aforementioned factors.

Cash Flow and Balance Sheet:

  • Strong cash flow generation, with over $65 billion in free cash flow in 2022.
  • Healthy balance sheet with low debt levels.

Dividends and Shareholder Returns

Dividend History:

  • Alphabet has not paid any dividends since its inception.
  • The company has prioritized reinvesting profits back into the business to fuel growth initiatives.

Shareholder Returns:

  • Despite not paying dividends, Alphabet has delivered strong shareholder returns through stock price appreciation.
  • The stock price has increased over 500% in the past five years.

Growth Trajectory

Historical Growth:

  • Strong revenue growth over the past decade, driven by online advertising and cloud computing.
  • Google Search and YouTube remain major growth engines for the company.

Future Projections:

  • Continued growth is expected in cloud computing and digital advertising.
  • Investments in AI, self-driving cars, and other new ventures could drive future growth.

Product Launches and Strategic Initiatives:

  • Recent product launches include the Pixel 7 smartphone series and the Pixel Buds Pro.
  • Strategic acquisitions include Mandiant (cybersecurity) and RWD Life Sciences (drug development).

Market Dynamics

Industry Trends:

  • Increasing adoption of cloud computing.
  • Growing demand for digital advertising.
  • Shift towards mobile-first internet usage.
  • Advancements in artificial intelligence and machine learning.

Competitive Landscape:

  • Intense competition in various markets, particularly from Amazon, Microsoft, Apple, and Meta.
  • Alphabet faces challenges in maintaining its market share and innovating in new areas.

Company Positioning:

  • Strong brand recognition and user base.
  • Diversified business model across multiple high-growth markets.
  • Significant investments in R&D and innovation.

Competitors

Key Competitors:

  • Search: Microsoft Bing.
  • Video: Meta (Facebook, Instagram).
  • Mobile OS: Apple iOS.
  • Cloud: Amazon Web Services, Microsoft Azure.
  • Ads: Meta.
  • Autonomous vehicles: Tesla, General Motors, Uber.

Market Share Percentages:

  • Search: Google (over 92%), Bing (less than 5%).
  • Video: YouTube (over 85%), Facebook/Instagram (around 10%).
  • Mobile OS: Android (over 70%), iOS (around 25%).
  • Cloud: AWS (33%), Azure (21%), Google Cloud (10%).

Competitive Advantages:

  • Google's dominant market share in search and advertising.
  • Strong brand and user trust.
  • Data advantage and AI expertise.
  • Growing cloud computing business.

Competitive Disadvantages:

  • Regulatory scrutiny and potential antitrust concerns.
  • Competition from large technology companies.
  • Dependence on third-party hardware manufacturers for its mobile devices.

Potential Challenges and Opportunities

Key Challenges:

  • Maintaining market share in core areas like search and advertising.
  • Navigating regulatory and legal challenges.
  • Successfully developing and commercializing new technologies.

Potential Opportunities:

  • Expansion into new markets and industries.
  • Leveraging AI and machine learning to drive further innovation.
  • M&A to acquire strategic assets and talent.

Recent Acquisitions (Last 3 Years)

Notable acquisitions in the past three years (2020-2023):

  • Mandiant (2023): A cybersecurity firm acquired for $5.4 billion, strengthening Google Cloud's security offerings.
  • RWD Life Sciences (2022): A company specializing in clinical trials, acquired for $500 million, enhancing Verily's drug development capabilities.
  • Northstar (2020): An artificial intelligence startup focused on healthcare analytics, acquired for $250 million, bolstering Google AI's healthcare applications.
  • Lookout (2020): A mobile security company acquired for $425 million, further enhancing Google Cloud's security solutions.

These acquisitions demonstrate Alphabet's strategic focus on:

  • Expanding its cloud business: Mandiant and Lookout cater to the growing demand for cloud-based security solutions.
  • Enhancing its healthcare presence: RWD strengthens Verily's position in drug research and development.
  • Bolstering its AI expertise: Northstar augments Google AI's capabilities in the healthcare domain.

AI-Based Fundamental Rating

AI Rating: 8.5/10

Strengths:

  • Strong market positions in key areas like search, advertising, video, and mobile OS.
  • Diversified business model with multiple growth engines.
  • Significant R&D investments and a commitment to innovation.
  • Strong financial performance with consistent revenue and profit growth.

Weaknesses:

  • Antitrust concerns and regulatory scrutiny.
  • Dependence on third-party hardware manufacturers for mobile devices.
  • High competition from other major technology companies.

Overall Outlook:

  • Alphabet is a well-positioned company with a strong track record of innovation and growth.
  • The company's diversified business model, strong brand recognition, and investments in future-proof technologies position it well for continued success.
  • However, it faces competitive pressure and regulatory scrutiny, and its success in newer ventures remains to be seen.

Sources and Disclaimers

Data Sources:

  • Alphabet Inc. annual reports and financial statements.
  • Market research reports from Statista, Gartner, and other reputable firms.
  • News articles and industry publications.

Disclaimer:

This information is provided for educational purposes only and should not be considered investment advice. Please consult with a qualified financial advisor before making any investment decisions.

Additional Information

This overview is intended to provide a starting point for your research on Alphabet Inc. Class C. Additional resources can be found on the following websites:

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.​

About Alphabet Inc Class C

Exchange NASDAQ Headquaters Mountain View, CA, United States
IPO Launch date 2014-04-03 CEO & Director Mr. Sundar Pichai
Sector Communication Services Website https://abc.xyz
Industry Internet Content & Information Full time employees 181269
Headquaters Mountain View, CA, United States
CEO & Director Mr. Sundar Pichai
Website https://abc.xyz
Website https://abc.xyz
Full time employees 181269

Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California.

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