Facebook Inc Earnings Model (Saechao)

Author: Chris Saechao, Published: July 27, 2020 7:40pm, Category: Earnings Preview (Prior to the 2Q2019 earnings release)

Summary of Model: This model uses Monthly Active People (MAP) growth rates and Average Revenue Per Person (ARPP) to project future revenue, and ratio analysis to complete the income statement. A multiples valuation was used to determine Facebooks 12-month target price. The models FY2020, and FY2021 are calibrated to consensus estimates with quarterly deviations based on my view of macroeconomic business conditions.

FB Earnings Model (Chris Saechao).xlsx
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FB Forecast Thesis (Saechao).pdf
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About the Model Developer

Author's Disclosure of Potential Conflicts of Interest: I am long FB. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

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Facebook Inc Earnings Model (Saechao)​

Facebook Inc Earnings Model (Saechao)