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Meta Platforms, Facebook's owner is undervalued long-term on AI.
Meta Platforms has gathered tremendous amount of information, which if analyzed and modeled correctly could be monetized handsomely.
In addition, Meta Platforms recently announced quarterly dividend distributions, which makes it a mature technology company, which is still growing revenue at 27.26 % year on year for the first quarter of 2024.
Meta Platforms' intrinsic value is 3.2 trillion USD long-term in the next 10-12 years on AI fruition, according to Wolfteam Ltd.'s projections and estimates.
Alphabet Inc, Google's owner is also undervalued on AI. Long-term.
This compares to Meta Platforms' current market capitalization of 1.28 trillion USD.
Here is an excerpt from Meta Platform's first quarter 2024 earnings report:
irst Quarter 2024 Financial Highlights
Three Months Ended March 31, | % Change | ||||||
In millions, except percentages and per share amounts | 2024 | 2023 | |||||
Revenue | $ 36,455 | $ 28,645 | 27 % | ||||
Costs and expenses | 22,637 | 21,418 | 6 % | ||||
Income from operations | $ 13,818 | $ 7,227 | 91 % | ||||
Operating margin | 38 % | 25 % | |||||
Provision for income taxes | $ 1,814 | $ 1,598 | 14 % | ||||
Effective tax rate | 13 % | 22 % | |||||
Net income | $ 12,369 | $ 5,709 | 117 % | ||||
Diluted earnings per share (EPS) | $ 4.71 | $ 2.20 | 114 % | ||||
First Quarter 2024 Operational and Other Financial Highlights
- Family daily active people (DAP) – DAP was 3.24 billion on average for March 2024, an increase of 7% year-over-year.
- Ad impressions – Ad impressions delivered across our Family of Apps increased by 20% year-over-year.
- Average price per ad – Average price per ad increased by 6% year-over-year.
- Revenue – Total revenue and revenue on a constant currency basis were $36.46 billion and $36.35 billion, respectively, both of which increased by 27% year-over-year.
- Costs and expenses – Total costs and expenses were $22.64 billion, an increase of 6% year-over-year.
- Capital expenditures – Capital expenditures, including principal payments on finance leases, were $6.72 billion.
- Capital return program – Share repurchases were $14.64 billion of our Class A common stock and dividends payments were $1.27 billion.
- Cash, cash equivalents, and marketable securities – Cash, cash equivalents, and marketable securities were $58.12 billion as of March 31, 2024. Free cash flow was $12.53 billion.
- Headcount – Headcount was 69,329 as of March 31, 2024, a decrease of 10% year-over-year
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