Amazon’s earnings-based discounted cash flow model uses EPS without NRI of $6.08, a 10% discount rate and assumes a 47.3% annual growth rate over 10 years followed by a 4% terminal growth rate, resulting in an intrinsic value of $209.04 per share and a margin of safety of –0.46%.

The traditional DCF model based on trailing twelve-month free cash flow per share produces an intrinsic value of $8.79, implying the shares are overvalued by a margin of safety of –2289.08%.