Meta Platforms Looks Cheap, but Rising Expenses may Cap Gains

Simply Wall St.2021-12-27

The mega-cap tech stocks have had a great year in 2021, with the two exceptions being Meta Platforms, Inc. ( NASDAQ:FB ).and Amazon ( NASDAQ:AMZN ). Meta’s underperformance appears to have more to do ...

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TWMB
2021-12-27
TWMB
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leejar
2021-12-27
leejar
[Happy]

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( NASDAQ:FB ).and Amazon ( NASDAQ:AMZN ). Meta’s underperformance appears to have more to do ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/media/nasdaq-fb/meta-platforms/news/meta-platforms-inc-nasdaqfb-looks-cheap-but-rising-expenses\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4548","symbol_name":"巴美列捷福持仓","start_time":0,"source_url":"https://simplywall.st/stocks/us/media/nasdaq-fb/meta-platforms/news/meta-platforms-inc-nasdaqfb-looks-cheap-but-rising-expenses","article_id":"2193140677","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2193140677","pubTimestamp":1640591497,"columns":[],"sourceInfo":{"source_id":"lsy1616055508394","name":"Simply Wall St."},"weMediaInfo":null,"summary":"The mega-cap tech stocks have had a great year in 2021, with the two exceptions being Meta Platforms","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4548":"巴美列捷福持仓","BK4539":"次新股","BK4554":"元宇宙及AR概念","CRCT":"Cricut, Inc.","BK4191":"家用电器","BK4553":"喜马拉雅资本持仓","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","OLPX":"Olaplex Holdings, Inc.","FWRG":"First Watch Restaurant Group, Inc.","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4007":"制药","BK4566":"资本集团","BK4525":"远程办公概念","BK4167":"医疗保健技术","BK4524":"宅经济概念","BK4508":"社交媒体","BK4077":"互动媒体与服务","BK4527":"明星科技股","HCTI":"Healthcare Triangle, Inc.","BK4550":"红杉资本持仓","BK4503":"景林资产持仓","BK4551":"寇图资本持仓","TERN":"Terns Pharmaceuticals, Inc.","BK4209":"餐馆","BK4183":"个人用品"},"translate_title":"Meta平台看起来很便宜，但不断上涨的费用可能会限制收益","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TERN":0.9,"OLPX":0.9,"HCTI":0.9,"FWRG":0.9,"FB":0.9,"CRCT":0.9,"ALVU":0.9},"content_text":"The mega-cap tech stocks have had a great year in 2021, with the two exceptions being Meta Platforms, Inc. ( NASDAQ:FB ).and Amazon ( NASDAQ:AMZN ). Meta’s underperformance appears to have more to do with ‘bad press’ than its financial performance. The stock price has actually shown relative strength over the last few weeks, so we decided to take a look at the opportunity Meta may offer.\n\nWhat's the opportunity in Meta Platforms?\nA question to answer is whether Meta Platforms' current trading price of US$335 reflects the actual value of the large-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let’s take a look at Meta Platforms’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.\nOur estimate of Meta’s fair value comes to about $680, which, if accurate would mean Meta is trading at a 50% discount. This would make sense when you consider that sentiment has been affected by reputational issues while the financial performance has remained strong. We can also look at the P/E ratio to get a sense of what the market expects.\nMeta Platforms’s price-to-earnings (PE) ratio of 22x is higher than the US market median ratio of 17x, but lower than its industry peers’ ratio of 27.16x. This suggests that the market believes the Meta will grow earnings at a slightly higher than the US market, but underperform the US interactive media industry.\nHowever, when we look at forecasts, we see that analysts expect Meta to underperform both the market and the industry on earnings growth. These growth rates are calculated by constructing a line of best fit through consensus estimates from 50 analysts.\nNasdaqGS:FB Analyst Growth Forecasts December 23rd 2021\nInterestingly, analysts are also expecting Meta’s earnings growth to lag revenue growth. This implies that expenses are expected to grow faster than sales. A closer look at the range of analyst forecasts shows that a few estimates for 2022 are weighing on the average. If these analysts are correct, the stock may not be as cheap as it appears.\nNasdaqGS:FB Earnings per Share Growth Forecasts December 23rd 2021\nWhat does the future of Meta Platforms look like?\nMeta’s revenue growth seems to be quite stable and there doesn’t seem to be any reason that it would change much in the next year or two - so expenses are the key to earnings growth. Meta has already indicated that it will be ramping up investment in its metaverse initiatives, so that accounts for at least some of the increase.\nBesides potential antitrust lawsuits, Meta is also facing other lawsuits for up to $150 billion. There’s no indication of how much merit these lawsuits have, and if they do they are likely to take a very long time to play out. Nevertheless some analysts may be making some allowances for legal expenses.\nThe bottom line is that Meta does appear to be trading at a reasonable price, but if earnings don’t come in at the higher end of the range, sentiment could remain subdued in 2022.\nIf you are interested in understanding the company at a deeper level, take a look at our full analysis which includes some of the other factors to consider.\nIf you are no longer interested in Meta Platforms, you can use our free platform to see our list of over 50 other stocks with a high growth potential.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":696926190,"gmtCreate":1640604902915,"gmtModify":1640604902915,"author":{"id":"4087973254069390","authorId":"4087973254069390","name":"TWMB","avatar":"https://static.tigerbbs.com/3e835dad0396a9fdba01c7ae3e42eaf3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087973254069390","authorIdStr":"4087973254069390"},"htmlText":"👍🏼","listText":"👍🏼","text":"👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696926190","repostId":2193140677,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":696931315,"gmtCreate":1640593535084,"gmtModify":1640593535215,"author":{"id":"3573163440773605","authorId":"3573163440773605","name":"leejar","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3573163440773605","authorIdStr":"3573163440773605"},"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696931315","repostId":2193140677,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":14,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2193140677"}