$GOOG - GOOGL ๐ฑ
A few days ago, we presented an interesting technical pattern for Google stock (at a price of $150) here - the stock has since risen by 10%! (Attached to the post)
๐ฑ 6 interesting facts about Google! ๐ฑ
1) A strong and powerful ecosystem! Google is not just the world's dominant search engine.
It is the dominant operating system provider (Android) and owns the fastest-growing cloud business in the world! ๐
2) Google is a solid rock in the search market - When ChatGPT launched in November 2022, Google had a 93% market share in search -
Today? It has 91%.
All the commotion and hysteria around ChatGPT has not harmed its market share (as of today). ๐
3) The fastest-growing cloud business - In Q2 2024 - Google's cloud figures surpassed its main competitors by a large margin!
AWS grew 19% YoY in the last quarter while Azure grew 20%.
Google cloud - on the other hand - grew 29% and reached 12% market share!
4) Its financial position is strong! I would not be exaggerating to say that Google has the best balance sheet I have seen among mega-cap companies!
As of Q2 2024 - โข Total debt of $28 billion - versus $100 billion in cash + $300 billion in equity! ๐ฐ
5) Increasing efficiency - As of 2019, Google had a gross margin of 55% and it has now expanded to 57% - meaning it does not feel competitive pressures.
The operating profit margin also expanded from 21% in 2019 to 26% today - meaning Google is becoming more and more efficient in its financial management. ๐
6) Maximizing its capital allocation! The average return on equity (ROE) for American companies is about 12%.
In the last 5 years, Google's ROE was 24% - double the average! ๐