Right now you are paying for 35 years of earnings during which time they’ll net the gdp of italy plus or minus whatever they grow by. If this wasn’t money printing clown world, you would have to rationalise your investment by assuming that they will grow their market cap to be about twice the gdp of japan of in the next 5 - 10 years. But owning an asset like msft which generates a ton of cash and is growing earnings makes sense if you expect the dollar to eat a shit sandwich.
p.s. they had earnings of $44.281B on revenue of 143B
Right now you are paying for 35 years of earnings during which time they’ll net the gdp of italy plus or minus whatever they grow by. If this wasn’t money printing clown world, you would have to rationalise your investment by assuming that they will grow their market cap to be about twice the gdp of japan of in the next 5 - 10 years. But owning an asset like msft which generates a ton of cash and is growing earnings makes sense if you expect the dollar to eat a shit sandwich.
p.s. they had earnings of $44.281B on revenue of 143B