GOOG Investment Analysis Report & Stock Research, Google, Inc.

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Google, Incorporated (GOOG)

GOOG Stock Report

2-Year Price History

Recent Price
(6/26 4:00PM) +2.3%
$425.32
52-Week Price
$247.30 - $555.68
Market Capitalization
$99.9 Billion
Dividend Yield
0.00%
Most Recent Dividend
$0.00

Ockham's Rating

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GOOG Revenue

As we have often noted, in our valuation methodology, "Cash is King." Well, it goes without saying that if a company cannot produce sales then there is no ability to generate cash flow. By that logic we look very closely at revenue numbers as our second most important factor in valuing a company's stock. We have established reasonable Price to Sales per share ranges based on historical data of the last 6 years. For, GOOG the high and low end of the Price to Sales per share ratios are 14.07x and 6.96x respectively.

Notice that GOOG's current Price to Sales per share ratio is 5.99x, which is quite a bit below what we consider a normal Price to Sales ratio for this stock. Given normal conditions and a price of $420.09, GOOG is 44% below where we would expect to see it. This will beneficially factor into our final analysis of GOOG as it is not often that this stock sinks to these levels.

GOOG Cash Earnings

Looking at GOOG specifically in their Cash Earnings capabilities, Ockham views GOOG as significantly below its historical average multiple of Cash Earnings. Looking at the last 6 years we can get a good understanding of what investors have grown to expect from GOOG. For example, GOOG's Cash Earnings ratio per share has fluctuated between 24.17 and 50.00 over this historical timeframe. This range is based upon a proprietary weighted methodology at Ockham, but can clearly show an investor where GOOG is with respect to prior business periods.

So with GOOG's current price (latest close of $420.09) and most recent level of Cash Earnings reported, we see significant opportunity from a value perspective. At its current price level, GOOG is 40% below its average level of Price to Cash Earnings on a historical basis. This means that investors were willing to pay for a much higher stock price than currently for the same level of Cash in the past, on a relative basis. There are a couple of important things to remember, however. First, value doesn't exist in a vacuum. So if the market doesn't recognize this value, even a great disparity in Price to Cash Earnings cannot force an immediate stock price reaction. Second, patience is key when looking at securities that have reached these levels of Price to Cash Earnings versus their historical norms. So be patient with GOOG.

GOOG Dividends

When determining a company's future prospects for success, Ockham Research sees analysis of dividend payments as a key additional factor. Even though it isn't imperative for GOOG to shell out a dividend in order to receive a positive rating, it can be helpful to further our analysis. While we do like to see companies with healthy and growing dividends, it is not appropriate for all companies, especially those focused on growth. In this regard, we regard GOOG as neutral because we do not have historical data for this company's dividends. We will being incorporating this into our analysis as soon as that data is available.

Peer Comparison

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Google, Inc. Industry Grouping

(6/25/2009)
Company Ticker Market Cap (Ml) Latest
Price
Price/Cash Earnings Price/Sales 5-Yr. Rev.
Growth Rate
5-Yr.
Avg. ROE.
Current 10-Yr. Range* Current 10-Yr. Range*
Peer Company Averages (not incuding GOOG) 31.06 11.30 » 396.81 8.55 2.74 » 75.86 66.07% 16.84%
*10 year range does not include current year values
Google, Inc. GOOG $99.9 Billion $415.77 22.42 13.63 » 98.35 5.99 3.58 » 21.30 71.57% 16.16%
Yahoo!, Inc. YHOO $21.7 Billion $15.53 28.21 10.27 » 1041.92 3.28 1.73 » 126.29 34.71% 10.56%
Baidu, Inc.- Shs -A- American Deposit Receipt Repr 1 Share A BIDU $7.5 Billion $293.15 52.77 17.79 » 496.68 21.91 7.39 » 128.31 148.96% 17.60%
Citrix Systems, Inc. CTXS $5.8 Billion $32.03 20.92 5.78 » 154.80 3.19 1.49 » 47.77 21.88% 12.30%
Salesforce.com Inc CRM $4.9 Billion $39.78 32.71 18.59 » 204.75 4.35 2.38 » 15.35 62.16% 6.08%
Netease.com, Incorpoated- Shs American Deposit.Receipt Repr 25 Shs NTES $4.8 Billion $37.52 20.68 4.05 » 85.90 10.00 0.74 » 61.57 62.61% 37.64%
>
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The latest TV Media Discussion

4:33:59 PM GOOG $425.32 Google, Inc.
11 hours ago (06/26)
Premium Content - please sign up for Ockham PREMIUM to gain full access and to see what Closing Bell said about GOOGLE, INC. …more details… LEARN MORE
2:31:08 PM GOOG $422.36 Google, Inc.
13 hours ago (06/26)
Premium Content - please sign up for Ockham PREMIUM to gain full access and to see what Street Signs said about GOOGLE, INC. …more details… LEARN MORE
2:29:55 PM GOOG $422.85 Google, Inc.
13 hours ago (06/26)
“…Babes. I'm quoting what the depper you -- developer said a. You can see in a GOOGLE but some people are concerned whether it's the camel nose under the tent and the beginning of all-out porn. What do you thinkthink? …” …more details…
2:27:21 PM GOOG $422.90 Google, Inc.
13 hours ago (06/26)
Premium Content - please sign up for Ockham PREMIUM to gain full access and to see what Street Signs said about GOOGLE, INC. …more details… LEARN MORE
1:00:04 PM GOOG $422.88 Google, Inc.
14 hours ago (06/26)
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12:48:14 PM GOOG $421.44 Google, Inc.
14 hours ago (06/26)
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3:01:43 PM GOOG $411.01 Google, Inc.
1 days ago (06/25)
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2:32:24 PM GOOG $411.38 Google, Inc.
1 days ago (06/25)
“…Jim? >> protecting its children or the homegrown companies born in china is the big question facing not just GOOGLE, but any american company doing business online. Doingle's latest problem stems from a government crack down on online pornography leading to …” …more details…
1:36:09 PM GOOG $412.22 Google, Inc.
1 days ago (06/25)
Premium Content - please sign up for Ockham PREMIUM to gain full access and to see what Power Lunch said about GOOGLE, INC. …more details… LEARN MORE
9:15:47 AM GOOG $406.60 Google, Inc.
1 days ago (06/25)
“…For carl bartz so meet with investors since assuming her role there. Her fiery rhetoric about doing a deal with microsoft and trying to compete with GOOGLE, something, well, I got a taste of a few weeks ago. Yahoo! Satisfied with picking up the parts of the market that GOOGLE either -- we are not picking anything up. We are the market we're in. …” …more details…
5:27:44 PM GOOG $409.29 Google, Inc.
Fast Money
2 days ago (06/24)
“…>> what's the trade, guys? >> I think, if you look longer term, the question becomes -- ben, i'll throw it out to you. Do you believe that yahoo is an outperformer relative to GOOGLE over the next 12 months? >> over the next 12 months it is possible. There's a lot of upside if they can show investors there is they are refocusing. They're cutting the businesses they shouldn't be in and shouldn't have been in for quite there's quite a lot of upside. We do like GOOGLE as well. >> ben, appreciate your time. Let's move on out to the poll of we want to know what you think about carol bartz. Can she turn yahoo around? …” …more details…
10:11:17 AM GOOG $410.72 Google, Inc.
2 days ago (06/24)
“…Seems to be boosting the stock. Kara swisher talking about that and I looked at the numbers and the last month, microsoft today, although it's the underperformer in the search group, has been up 12%, while GOOGLE has been down 1.5% and yahoo! Has been down 4%. Baidu the chinese search market player is the biggest gainer up 15%. …” …more details…
5:46:14 PM GOOG $405.68 Google, Inc.
Happy Hour
3 days ago (06/23)
“…What happened since then? Like, five years, and motorola's still losing the razor? Hasta la vista, razor. Yeah, let's offer some android phones from GOOGLE. New management at GOOGLE. >> thank you very much. Time now to get personal. Don't forget, folks, you can come visit us here at the bull and bear bar. We're in the beautiful waldorf-astoria hotel, 49th and …” …more details…
4:33:48 PM GOOG $404.60 Google, Inc.
3 days ago (06/23)
“…From neutral and increasing price target to $9 from $7. Expect a revenue boost from the new smart phones that will be based on GOOGLE's android operating system. Motorola shares better than kroger reporting nearly 13% increase in first quarter profits to $435 million. …” …more details…
2:46:54 PM GOOG $405.40 Google, Inc.
3 days ago (06/23)
“…About. >> tomorrow will be huge. >> a big day. >> another day, another smart phone announcement. Today it's motorola announcing it will bring out new phones with GOOGLE android software. >> the latest release, the palm preand upgraded iphone. With with his take is john …” …more details…
8:21:49 AM GOOG $408.85 Google, Inc.
3 days ago (06/23)
“…It is right now compatible with outlook 2003. Though a 2007 version is available now. The 2003 version will be available soon. Allen's not only the one at microsoft to keep an eye on. However GOOGLE's android operating system is now picking up some steam as well. It could be coming to pcs near you currently only used on mobile devices analysts say the android operating system is …” …more details…
8:02:31 AM GOOG $407.35 Google, Inc.
Squawk Box
3 days ago (06/23)
“…>> do you see the move in commodities and some other areas -- we talked about the commodity, what was, it the >> oh, yeah. >> apple, r.I.M., GOOGLE, it's like money hedge funds have >> money managers, right? >> it goes somewhere. Momentum in commodities that can be self-fulfilling based on >> again, I think steve's …” …more details…
6:46:10 PM GOOG $407.35 Google, Inc.
Mad Money
4 days ago (06/22)
“…We can't love it. It's just a piece of paper. We don't care where you bought don't be greedy. I have this epiphany in the last few weeks. I like GOOGLE and think the quarter's good. Every time I type in some wrong page on the internet, i'm immediately brought to bing by the worldwide conspiracy that is microsoft and it's so brilliant microsoft did this. I fine myself using bing. I cannot bet that I am the only one that's having that happen. I think the mind share is going towards bing and that's hurting GOOGLE stock a little. I think GOOGLE will have a good theresa in texas. >> caller: boo-yah, jim. It's great to hear you. I'm a big starbucks fan. I was curious if it's a good time to buy their stock yet? …” …more details…
5:24:12 PM GOOG $407.35 Google, Inc.
Fast Money
4 days ago (06/22)
“…Whether this is much bet ever than expected? Especially in light of the report we heard just after the bell today that t-mobile is going to be offering phones that support GOOGLE's android? >> the numbers are phenomenal. I listened to guy adami moments ago and other folks on your panel suggesting apple shares …” …more details…
5:18:23 PM GOOG $407.11 Google, Inc.
Fast Money
4 days ago (06/22)
“…With the chinese government and seems to have satisfied their demands on the pornographic providers, they've already been through this. GOOGLE when they went to register inside the chinese government and take on baidu are now hitting it face-on. >> microsoft, we talked about it on the desk. It's a name you want to own on this pullback. …” …more details…
5:18:00 PM GOOG $407.11 Google, Inc.
Fast Money
4 days ago (06/22)
“…When you target 60 to 65? That generally means you may see 55 to 60. That's where I get the hesitancy. I need the market itself to turn around before I step back to >> and looking at GOOGLE, they may run into problems in china. We heard about the problems with the chinese internet players and search engines have run into with the chinese government looking to screen out the pornography. GOOGLE and other u.S. Providers of software in china are being pushed by the chinese to put in chinese filtering devices. I think GOOGLE is in a tough this is one of their biggest markets of growth. >> the plus side to that is baidu is the buy there? >> baidu who went through this …” …more details…
4:55:23 PM GOOG $407.35 Google, Inc.
4 days ago (06/22)
“…There is speculation about three potential bidders who could take the money-losing newspapers off "the times snchl "books. The street still has plenty to worry about, including GOOGLE started using wick media headlines in GOOGLE news. Newspapers are trying to get to get that across with GOOGLE. It's still a tough team. We have to look for that silver lining. >> thanks so much. >>> the federal reserve begin as …” …more details…
4:43:49 PM GOOG $407.35 Google, Inc.
4 days ago (06/22)
“…Million units, or twice the original estimates. That's good news for apple but maybe not for anyone else doing business in the smartphone sector, including rim, nokia, palm, GOOGLE, and microsoft. In connection to the speculation surrounding jobs and his possible return to the company, with apple officials trying to get some guidance on that very fact, and as of yet no response of any kind thus far. …” …more details…
4:41:45 PM GOOG $407.35 Google, Inc.
4 days ago (06/22)
“…Carry large graphic warnings and eliminate labels like "light and" low tar." reports verizon wireless and t-mobile will launch motorola smartphones on GOOGLE's android system bit the end of the year. Motorola making a big bet on android as it tries to regain market share. …” …more details…
3:37:35 PM GOOG $408.27 Google, Inc.
4 days ago (06/22)
“…Chevron down 3% here. As oil prices come off of their highs as well. Now at 66.93, breaking $67 a barrel on crude. Nasdaq weaker by 52 points. GOOGLE, for example, down 3%. Amazon.Com down 4%. Ebay down 4.25%. Apple down more than 1%. How about palm down 6 3/4%? S&p 500 really being weighed down by the oils. …” …more details…
3:00:26 PM GOOG $406.27 Google, Inc.
4 days ago (06/22)
“…Over $2 trillion this year. That's down more than 700 billion from its prior forecast, >>> and verizon wierlt and t-mobile will lunch new motorola phones based on GOOGLE's android operating system. That will take place before the end of the year. And that's cnbc.Com news now.E …” …more details…
1:59:00 PM GOOG $404.61 Google, Inc.
4 days ago (06/22)
“…Not just web connected. Also has simplicity of touch. It's a different experience. Experience enabled by our app studio. >> so, you've partnered with companies like GOOGLE, coupons.Com, fandango and show the list goes on. Show us how it works. >> I talk about the experience, the touch …” …more details…
1:04:14 PM GOOG $403.24 Google, Inc.
4 days ago (06/22)
“…Nasdaq, big caps still up 15% that's where we see a bit of profit taking. Despite the report of 1 million new phones. Intel, 2%. GOOGLE, rim, take a look at the big decliners. Four of the nasdaq 100 are trading to the outside but they are a retail, roth, o'riley, bed, bath, & beyond. …” …more details…
12:57:14 PM GOOG $403.68 Google, Inc.
4 days ago (06/22)
“…>> tom: we have breaking news for you. Our partners at the journal two larger wireless carriers plan to launch a motorola smart phone based on GOOGLE's android operating system before the end of this year. The GOOGLE-powered phones will be carried by verizon and we've got verizon and motorola up there. …” …more details…
11:24:54 AM GOOG $407.44 Google, Inc.
4 days ago (06/22)
“…Off things that add value to their life. >> brian I don't want to go into it until I can physically show you. What's happening is that hp is partnering with companies like GOOGLE, nickelodeon and fandango and the list goes on, they have applications in the printer and tell me then, is this something that really is going to, I hate to use the word revolutionize, …” …more details…
10:04:37 AM GOOG $413.07 Google, Inc.
4 days ago (06/22)
“…Strong brand and can really push all the folks to stand in line. Their peers in the handsets are moving to the down side. R.I.M. Is off 5.5%, palm is off GOOGLE with the GOOGLE phone, no as big a competitor, off 1.5%, so we're seeing a big draw-down, erin. In the big caps, ironically we're also seeing it in the …” …more details…
9:33:29 AM GOOG $416.33 Google, Inc.
4 days ago (06/22)
“…Weekend and also, we must note that steve jobs according to the wall street journal had a recent liver transplant, but is expect today come to work sometime GOOGLE out with news that t mobile will launch a new GOOGLE phone in august at $199 price target. Marvel …” …more details…
7:54:17 AM GOOG $418.97 Google, Inc.
4 days ago (06/22)
“…Blackberry is making great inroads with the consumer so I wish GOOGLE the best, but I out for them at this point. Charles: otherwise what do you >> well, I like GOOGLE. I think the company itself is under valued probably by about 20% certainly with the search engine the on-line advertiser where they are the leader I …” …more details…
7:53:52 AM GOOG $418.97 Google, Inc.
4 days ago (06/22)
“…All this news on steve jobs and apple. Charles: steve jobs, apple the smart phones. The smart phones war have been joined t-mobile now offering the GOOGLE feature for free. This comes on the heels of apple's new phone 3 gs. For more on apple and GOOGLE i'm joined by scott kays the president of kays financial scott, let's start with GOOGLE. There was a point that every time GOOGLE said they were going to get into a new industry, the now it is time for them to prove that they can execute in these particular areas. What do you think about GOOGLE and this phone being somewhat of a catalyst for the company and the stock? >> no I absolutely agree with I think the burden is on GOOGLE to prove that the market is going to accept this new phone. Their first version of the GOOGLE phone I think has only sold about a million units which is about what apple sold with their iphone the weekend that it was released. You've got a very competitive space here. …” …more details…
7:52:48 AM GOOG $418.97 Google, Inc.
4 days ago (06/22)
“…Utility systems and mass transit siemens plans to land up to 21 billion dollars from global stimulus funded projects. >>> and the newest smart phone release comes from t-mobile with its updated GOOGLE phone expected in august. The t-mobile my touch 3 g will be a touch-screen phone and will cost just under $200 keeping in line with the price of other smart phones on the market. >>> all right. …” …more details…
6:10:35 AM GOOG $418.97 Google, Inc.
Squawk Box
4 days ago (06/22)
“…>> I think the point was governance and what is the responsibility of the board of directors. Whatever the company is, whether it's apple or GOOGLE or general motors, which obviously will be pertinent to investors. Obviously the issue relevant to jobs itself is very much a human issue. >> mike, what do you think about …” …more details…
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Key Fundamentals

GOOG - Google, Incorporated Fundamentals
Price (6/26 4:00PM) $425.32
Volume (6/26 4:00PM) 3.3 Million
Last Close Price $415.77
10 Day Average Volume 3.3 Million
13 Week Price Range $336.06 - $447.34
52 Week Price Range $247.30 - $555.68
LTM Revenue $22.1 Billion
 
Shares Outstanding (12/2008) 315.3 Million
Market Capitalization $99.9 Billion
Shares Held By Institutions 194.8 Million
Institutional Holders 1,445
% Shares Held By Institutions 80.80%
Earnings Per Share (EPS) $13.31
P/E Ratio 30.40
Book Value Per Share $94.67
 
Gross Margin 68.10%
Annual Dividend 0.00
Dividend Yield 0.00%
Beta 1.17
Fiscal Year Ends December

About Google, Inc.

Google, Incorporated is considered to operate in the Technology sector. They specifically operate in the Internet Information Providers business segment contained within the Internet industry.

The Company provides targeted advertising and global internet search solutions as well as intranet solutions via an enterprise search appliance.

NASDAQ 1838.22

8.68  0.47%
S&P; 500 918.9

-1.36  -0.15%
^DIA 84.27

-0.45  -0.53%