Will Zoom Video Communications Be a Trillion-Dollar Stock by 2030?

Motley Fool2021-07-12

Zoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales growth and has been catapulted into global consciousness by the COVID-19 pandemic. But now more than ...

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精彩评论

攻城狮_2176
2021-07-13
攻城狮_2176
Joking?
YeeMeng
2021-07-12
YeeMeng
Zooming higher. Time to add position?
Troytan
2021-07-12
Troytan
Zoom to the moon
NadNad
2021-07-12
NadNad
What can Zoom do that Ms Team can’t?
- Clumsypig:
  专一
ValuInvestor
2021-07-12
ValuInvestor
Zooming to profits!
Andrewinho
2021-07-12
Andrewinho
Zoom zoom zoom!!! 👏👏👏

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But now more than ...\n\n<a href=\"https://www.fool.com/investing/2021/07/11/zoom-video-trillion-dollar-stock-2030/\">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":"ZM","symbol_name":"Zoom","start_time":0,"source_url":"https://www.fool.com/investing/2021/07/11/zoom-video-trillion-dollar-stock-2030/","article_id":"1184860034","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1184860034","pubTimestamp":1626079090,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"Zoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales g","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ZM":"Zoom"},"translate_title":"到2030年，Zoom Video通信会成为万亿股吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ZM":0.9},"content_text":"Zoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales growth and has been catapulted into global consciousness by the COVID-19 pandemic. But now more than one year removed from the start of the global health crisis, the Zoom boom is over. Already with an enterprise value (market cap minus cash and equivalents) of $110 billion (compared to less than $20 billion at the start of 2020), Zoom stock reaching $1 trillion by 2030 -- a tenfold total return, or an average compound annual growth rate of about 26% -- might seem like a longshot.\nHowever, Zoom is disrupting a massive global communications industry, and as a cloud software business, it has additional capabilities it could unlock that a traditional telecom business cannot. Don't write off the possibility of this stock delivering another tenfold return in the next decade.\nDon't sweat the valuation -- look at what's at stake\nWhen it comes to valuation, Zoom carries a premium price tag in all respects. Even down 34% from all-time highs reached last autumn, shares trade for 73 times trailing-12-monthfree cash flowand 28 times expected current year sales. In fact, not only is Zoom trading for severaldecades' worth of current annual revenue, it's also valued for many multiples more than total global annual spending on video conferencing services. Various estimates expect global spend on internet-based video communications to reach $50 billion or so a year, but not until 2026.\nIMAGE SOURCE: GETTY IMAGES.\nWhen it comes to technology leaders, it's commonplace for them to be valued multiple times higher than the global annual spending on the industry they participate in. Why? For one reason, business valuations are calculated usingfuture expected profits, the expected rate of growth of said profits, and the degree of certainty with which they'll be generated. For example,Alphabethas a market cap of $1.68 trillion, even though global digital advertising (which is 80% of Google's total revenue) is expected to be $455 billion this year.\nThe point is this: Don't balk at Zoom's lofty valuation just because it's already far larger than the industry it's pioneering. Besides, consider what's up for grabs here. The telecom industry soaks up $1.5 trillion a year from businesses and consumers. If Zoom cancontinue to expand on its capabilities, some of this massive market could go the way of video in the next 10 years -- and just a small fraction of $1.5 trillion will move the needle in a big way.\nLots of cash now, an unimaginable amount of cash later\nBut can Zoom really execute on such an ambitious plan? After all, its core video conferencing service is slowing down as effects of the pandemic ease. Revenue growth is expected to be about 50% this year, which implies quite the cool-off from the 191% growth rate notched in the first quarter of fiscal 2022.\nBut remember that Zoom doesn't fit within the definitional confines of a communications service. This is a cloud-based software service, which means it has flexibility -- like how it recently announced the acquisition of a real-time machine-based translation start-up called Kites GmbH. It's also been promoting its Zoom Phone service for businesses to provide a more flexible telephone system than what's offered by legacy telecoms. Zoom has an incredible $4.69 billion in cash and equivalents and zero debt on balance; compare that to netdebtpositions most telecom operations have these days. Put another way, Zoom is a nimble software technologist in the driver's seat of disrupting how people stay in touch.\nThis trend isn't going to suddenly reverse, either. Zoom generates massive amounts of cash every quarter. Itsfree cash flowprofit margin was 47% in Q1, good for $454 million in extra cash over and above what it needed in its operations. That tiny real-time translation start-up acquisition could be just the beginning if and when Zoom decides to start flexing its muscles.\nBetween a growing video conferencing market, a massive telecom industry getting upended by cloud computing, and the cash to keep the pedal to the metal, I wouldn't be at all surprised if Zoom can stoke the flames of about 26% a year annual average growth through 2030. Zoom as a $1 trillion business simply isn't all that far-fetched an idea in a post-COVID-19 world.","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":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":145078063,"gmtCreate":1626184735052,"gmtModify":1626184735052,"author":{"id":"3535414700202641","authorId":"3535414700202641","name":"攻城狮_2176","avatar":"https://static.tigerbbs.com/603b4e2e283320ecad2b71b7c47dea9b","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3535414700202641","authorIdStr":"3535414700202641"},"htmlText":"Joking?","listText":"Joking?","text":"Joking?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/145078063","repostId":1184860034,"repostType":2,"repost":{"id":"1184860034","kind":"news","pubTimestamp":1626079090,"share":"https://www.laohu8.com/m/news/1184860034?lang=zh_CN&edition=full","pubTime":"2021-07-12 16:38","market":"us","language":"en","title":"Will Zoom Video Communications Be a Trillion-Dollar Stock by 2030?<blockquote>到2030年，Zoom Video通信会成为万亿美元股票吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184860034","media":"Motley Fool","summary":"Zoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales g","content":"Zoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales growth and has been catapulted into global consciousness by the COVID-19 pandemic. But now more than one year removed from the start of the global health crisis, the Zoom boom is over. Already with an enterprise value (market cap minus cash and equivalents) of $110 billion (compared to less than $20 billion at the start of 2020), Zoom stock reaching $1 trillion by 2030 -- a tenfold total return, or an average compound annual growth rate of about 26% -- might seem like a longshot.<blockquote>Zoom Video通信公司（纳斯达克：ZM）刚刚经历了三位数销售增长的史诗般的一年，并因COVID-19大流行而成为全球关注的焦点。但现在距离全球健康危机开始已经过去一年多了，Zoom热潮已经结束。Zoom股票的企业价值（市值减去现金及等价物）已达到1100亿美元（2020年初不到200亿美元），到2030年将达到1万亿美元——总回报率是总回报率的十倍，即平均复合年增长率约为26%——似乎希望渺茫。</blockquote> However, Zoom is disrupting a massive global communications industry, and as a cloud software business, it has additional capabilities it could unlock that a traditional telecom business cannot. Don't write off the possibility of this stock delivering another tenfold return in the next decade.<blockquote>然而，Zoom正在颠覆一个庞大的全球通信行业，作为一家云软件业务，它可以解锁传统电信业务无法解锁的额外功能。不要忽视这只股票在未来十年再次带来十倍回报的可能性。</blockquote> Don't sweat the valuation -- look at what's at stake<blockquote>不要担心估值——看看其中的利害关系</blockquote> When it comes to valuation, Zoom carries a premium price tag in all respects. Even down 34% from all-time highs reached last autumn, shares trade for 73 times trailing-12-monthfree cash flowand 28 times expected current year sales. In fact, not only is Zoom trading for severaldecades' worth of current annual revenue, it's also valued for many multiples more than total global annual spending on video conferencing services. Various estimates expect global spend on internet-based video communications to reach $50 billion or so a year, but not until 2026.<blockquote>说到估值，Zoom在各方面都带有溢价标签。尽管较去年秋天达到的历史高点下跌了34%，但该股的交易价格是过去12个月自由现金流的73倍，是今年预期销售额的28倍。事实上，Zoom不仅交易了几个几十年按目前的年收入计算，它的价值也是全球视频会议服务年度总支出的许多倍。各种估计预计，全球在基于互联网的视频通信上的支出将达到每年500亿美元左右，但要到2026年。</blockquote> <img src=\"https://static.tigerbbs.com/e5206f407a4d7605d3e87ce0d1e9a5b2\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\">IMAGE SOURCE: GETTY IMAGES.<blockquote>图片来源：盖蒂图片社。</blockquote> When it comes to technology leaders, it's commonplace for them to be valued multiple times higher than the global annual spending on the industry they participate in. Why? For one reason, business valuations are calculated usingfuture expected profits, the expected rate of growth of said profits, and the degree of certainty with which they'll be generated. For example,Alphabethas a market cap of $1.68 trillion, even though global digital advertising (which is 80% of Google's total revenue) is expected to be $455 billion this year.<blockquote>当谈到技术领导者时，他们的估值通常比他们所参与的行业的全球年度支出高出数倍。为什么？出于一个原因，企业估值是使用未来预期利润、所述利润的预期增长率以及产生利润的确定性程度来计算的。例如，Alphabet尽管全球数字广告（占谷歌总收入的80%）预计今年将达到4550亿美元，但其市值为1.68万亿美元。</blockquote> The point is this: Don't balk at Zoom's lofty valuation just because it's already far larger than the industry it's pioneering. Besides, consider what's up for grabs here. The telecom industry soaks up $1.5 trillion a year from businesses and consumers. If Zoom cancontinue to expand on its capabilities, some of this massive market could go the way of video in the next 10 years -- and just a small fraction of $1.5 trillion will move the needle in a big way.<blockquote>关键是：不要仅仅因为Zoom的估值已经远远大于它所开创的行业，就对它的高估值犹豫不决。此外，考虑一下这里有什么可争夺的。电信行业每年从企业和消费者那里吸收1.5万亿美元。如果Zoom能够继续扩展其功能，这个巨大市场的一部分可能会在未来10年内走上视频的道路——而1.5万亿美元中的一小部分就会产生巨大的影响。</blockquote> Lots of cash now, an unimaginable amount of cash later<blockquote>现在有很多现金，以后会有难以想象的现金</blockquote> But can Zoom really execute on such an ambitious plan? After all, its core video conferencing service is slowing down as effects of the pandemic ease. Revenue growth is expected to be about 50% this year, which implies quite the cool-off from the 191% growth rate notched in the first quarter of fiscal 2022.<blockquote>但Zoom真的能执行如此雄心勃勃的计划吗？毕竟，随着疫情影响的缓解，其核心视频会议服务正在放缓。预计今年收入增长约为50%，这意味着较2022财年第一季度191%的增长率有所降温。</blockquote> But remember that Zoom doesn't fit within the definitional confines of a communications service. This is a cloud-based software service, which means it has flexibility -- like how it recently announced the acquisition of a real-time machine-based translation start-up called Kites GmbH. It's also been promoting its Zoom Phone service for businesses to provide a more flexible telephone system than what's offered by legacy telecoms. Zoom has an incredible $4.69 billion in cash and equivalents and zero debt on balance; compare that to netdebtpositions most telecom operations have these days. Put another way, Zoom is a nimble software technologist in the driver's seat of disrupting how people stay in touch.<blockquote>但是请记住，Zoom不符合通信服务的定义范围。这是一项基于云的软件服务，这意味着它具有灵活性——就像它最近宣布收购一家名为Kites GmbH的实时机器翻译初创公司一样。它还一直在为企业推广其Zoom电话服务，以提供比传统电信公司更灵活的电话系统。Zoom拥有令人难以置信的46.9亿美元现金及等价物，且债务余额为零；将其与net进行比较债务如今大多数电信运营商都有这些职位。换句话说，Zoom是一位灵活的软件技术专家，在颠覆人们保持联系的方式。</blockquote> This trend isn't going to suddenly reverse, either. Zoom generates massive amounts of cash every quarter. Itsfree cash flowprofit margin was 47% in Q1, good for $454 million in extra cash over and above what it needed in its operations. That tiny real-time translation start-up acquisition could be just the beginning if and when Zoom decides to start flexing its muscles.<blockquote>这种趋势也不会突然逆转。Zoom每个季度都会产生大量现金。其第一季度的自由现金流利润率为47%，相当于超出运营所需的4.54亿美元额外现金。如果Zoom决定开始展示实力，收购这家小型实时翻译初创公司可能只是一个开始。</blockquote> Between a growing video conferencing market, a massive telecom industry getting upended by cloud computing, and the cash to keep the pedal to the metal, I wouldn't be at all surprised if Zoom can stoke the flames of about 26% a year annual average growth through 2030. Zoom as a $1 trillion business simply isn't all that far-fetched an idea in a post-COVID-19 world.<blockquote>在不断增长的视频会议市场、被云计算颠覆的庞大电信行业以及保持踏板运转的现金之间，如果Zoom能够以每年约26%的速度点燃火焰，我一点也不会感到惊讶到2030年。在后新冠肺炎时代，Zoom作为一项价值1万亿美元的业务并不是一个牵强的想法。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will Zoom Video Communications Be a Trillion-Dollar Stock by 2030?<blockquote>到2030年，Zoom Video通信会成为万亿美元股票吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill Zoom Video Communications Be a Trillion-Dollar Stock by 2030?<blockquote>到2030年，Zoom Video通信会成为万亿美元股票吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-07-12 16:38\n\n</h4>\n</header>\n<article>\nZoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales growth and has been catapulted into global consciousness by the COVID-19 pandemic. But now more than one year removed from the start of the global health crisis, the Zoom boom is over. Already with an enterprise value (market cap minus cash and equivalents) of $110 billion (compared to less than $20 billion at the start of 2020), Zoom stock reaching $1 trillion by 2030 -- a tenfold total return, or an average compound annual growth rate of about 26% -- might seem like a longshot.<blockquote>Zoom Video通信公司（纳斯达克：ZM）刚刚经历了三位数销售增长的史诗般的一年，并因COVID-19大流行而成为全球关注的焦点。但现在距离全球健康危机开始已经过去一年多了，Zoom热潮已经结束。Zoom股票的企业价值（市值减去现金及等价物）已达到1100亿美元（2020年初不到200亿美元），到2030年将达到1万亿美元——总回报率是总回报率的十倍，即平均复合年增长率约为26%——似乎希望渺茫。</blockquote> However, Zoom is disrupting a massive global communications industry, and as a cloud software business, it has additional capabilities it could unlock that a traditional telecom business cannot. Don't write off the possibility of this stock delivering another tenfold return in the next decade.<blockquote>然而，Zoom正在颠覆一个庞大的全球通信行业，作为一家云软件业务，它可以解锁传统电信业务无法解锁的额外功能。不要忽视这只股票在未来十年再次带来十倍回报的可能性。</blockquote> Don't sweat the valuation -- look at what's at stake<blockquote>不要担心估值——看看其中的利害关系</blockquote> When it comes to valuation, Zoom carries a premium price tag in all respects. Even down 34% from all-time highs reached last autumn, shares trade for 73 times trailing-12-monthfree cash flowand 28 times expected current year sales. In fact, not only is Zoom trading for severaldecades' worth of current annual revenue, it's also valued for many multiples more than total global annual spending on video conferencing services. Various estimates expect global spend on internet-based video communications to reach $50 billion or so a year, but not until 2026.<blockquote>说到估值，Zoom在各方面都带有溢价标签。尽管较去年秋天达到的历史高点下跌了34%，但该股的交易价格是过去12个月自由现金流的73倍，是今年预期销售额的28倍。事实上，Zoom不仅交易了几个几十年按目前的年收入计算，它的价值也是全球视频会议服务年度总支出的许多倍。各种估计预计，全球在基于互联网的视频通信上的支出将达到每年500亿美元左右，但要到2026年。</blockquote> <img src=\"https://static.tigerbbs.com/e5206f407a4d7605d3e87ce0d1e9a5b2\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\">IMAGE SOURCE: GETTY IMAGES.<blockquote>图片来源：盖蒂图片社。</blockquote> When it comes to technology leaders, it's commonplace for them to be valued multiple times higher than the global annual spending on the industry they participate in. Why? For one reason, business valuations are calculated usingfuture expected profits, the expected rate of growth of said profits, and the degree of certainty with which they'll be generated. For example,Alphabethas a market cap of $1.68 trillion, even though global digital advertising (which is 80% of Google's total revenue) is expected to be $455 billion this year.<blockquote>当谈到技术领导者时，他们的估值通常比他们所参与的行业的全球年度支出高出数倍。为什么？出于一个原因，企业估值是使用未来预期利润、所述利润的预期增长率以及产生利润的确定性程度来计算的。例如，Alphabet尽管全球数字广告（占谷歌总收入的80%）预计今年将达到4550亿美元，但其市值为1.68万亿美元。</blockquote> The point is this: Don't balk at Zoom's lofty valuation just because it's already far larger than the industry it's pioneering. Besides, consider what's up for grabs here. The telecom industry soaks up $1.5 trillion a year from businesses and consumers. If Zoom cancontinue to expand on its capabilities, some of this massive market could go the way of video in the next 10 years -- and just a small fraction of $1.5 trillion will move the needle in a big way.<blockquote>关键是：不要仅仅因为Zoom的估值已经远远大于它所开创的行业，就对它的高估值犹豫不决。此外，考虑一下这里有什么可争夺的。电信行业每年从企业和消费者那里吸收1.5万亿美元。如果Zoom能够继续扩展其功能，这个巨大市场的一部分可能会在未来10年内走上视频的道路——而1.5万亿美元中的一小部分就会产生巨大的影响。</blockquote> Lots of cash now, an unimaginable amount of cash later<blockquote>现在有很多现金，以后会有难以想象的现金</blockquote> But can Zoom really execute on such an ambitious plan? After all, its core video conferencing service is slowing down as effects of the pandemic ease. Revenue growth is expected to be about 50% this year, which implies quite the cool-off from the 191% growth rate notched in the first quarter of fiscal 2022.<blockquote>但Zoom真的能执行如此雄心勃勃的计划吗？毕竟，随着疫情影响的缓解，其核心视频会议服务正在放缓。预计今年收入增长约为50%，这意味着较2022财年第一季度191%的增长率有所降温。</blockquote> But remember that Zoom doesn't fit within the definitional confines of a communications service. This is a cloud-based software service, which means it has flexibility -- like how it recently announced the acquisition of a real-time machine-based translation start-up called Kites GmbH. It's also been promoting its Zoom Phone service for businesses to provide a more flexible telephone system than what's offered by legacy telecoms. Zoom has an incredible $4.69 billion in cash and equivalents and zero debt on balance; compare that to netdebtpositions most telecom operations have these days. Put another way, Zoom is a nimble software technologist in the driver's seat of disrupting how people stay in touch.<blockquote>但是请记住，Zoom不符合通信服务的定义范围。这是一项基于云的软件服务，这意味着它具有灵活性——就像它最近宣布收购一家名为Kites GmbH的实时机器翻译初创公司一样。它还一直在为企业推广其Zoom电话服务，以提供比传统电信公司更灵活的电话系统。Zoom拥有令人难以置信的46.9亿美元现金及等价物，且债务余额为零；将其与net进行比较债务如今大多数电信运营商都有这些职位。换句话说，Zoom是一位灵活的软件技术专家，在颠覆人们保持联系的方式。</blockquote> This trend isn't going to suddenly reverse, either. Zoom generates massive amounts of cash every quarter. Itsfree cash flowprofit margin was 47% in Q1, good for $454 million in extra cash over and above what it needed in its operations. That tiny real-time translation start-up acquisition could be just the beginning if and when Zoom decides to start flexing its muscles.<blockquote>这种趋势也不会突然逆转。Zoom每个季度都会产生大量现金。其第一季度的自由现金流利润率为47%，相当于超出运营所需的4.54亿美元额外现金。如果Zoom决定开始展示实力，收购这家小型实时翻译初创公司可能只是一个开始。</blockquote> Between a growing video conferencing market, a massive telecom industry getting upended by cloud computing, and the cash to keep the pedal to the metal, I wouldn't be at all surprised if Zoom can stoke the flames of about 26% a year annual average growth through 2030. Zoom as a $1 trillion business simply isn't all that far-fetched an idea in a post-COVID-19 world.<blockquote>在不断增长的视频会议市场、被云计算颠覆的庞大电信行业以及保持踏板运转的现金之间，如果Zoom能够以每年约26%的速度点燃火焰，我一点也不会感到惊讶到2030年。在后新冠肺炎时代，Zoom作为一项价值1万亿美元的业务并不是一个牵强的想法。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/07/11/zoom-video-trillion-dollar-stock-2030/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom"},"source_url":"https://www.fool.com/investing/2021/07/11/zoom-video-trillion-dollar-stock-2030/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184860034","content_text":"Zoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales growth and has been catapulted into global consciousness by the COVID-19 pandemic. But now more than one year removed from the start of the global health crisis, the Zoom boom is over. Already with an enterprise value (market cap minus cash and equivalents) of $110 billion (compared to less than $20 billion at the start of 2020), Zoom stock reaching $1 trillion by 2030 -- a tenfold total return, or an average compound annual growth rate of about 26% -- might seem like a longshot.\nHowever, Zoom is disrupting a massive global communications industry, and as a cloud software business, it has additional capabilities it could unlock that a traditional telecom business cannot. Don't write off the possibility of this stock delivering another tenfold return in the next decade.\nDon't sweat the valuation -- look at what's at stake\nWhen it comes to valuation, Zoom carries a premium price tag in all respects. Even down 34% from all-time highs reached last autumn, shares trade for 73 times trailing-12-monthfree cash flowand 28 times expected current year sales. In fact, not only is Zoom trading for severaldecades' worth of current annual revenue, it's also valued for many multiples more than total global annual spending on video conferencing services. Various estimates expect global spend on internet-based video communications to reach $50 billion or so a year, but not until 2026.\nIMAGE SOURCE: GETTY IMAGES.\nWhen it comes to technology leaders, it's commonplace for them to be valued multiple times higher than the global annual spending on the industry they participate in. Why? For one reason, business valuations are calculated usingfuture expected profits, the expected rate of growth of said profits, and the degree of certainty with which they'll be generated. For example,Alphabethas a market cap of $1.68 trillion, even though global digital advertising (which is 80% of Google's total revenue) is expected to be $455 billion this year.\nThe point is this: Don't balk at Zoom's lofty valuation just because it's already far larger than the industry it's pioneering. Besides, consider what's up for grabs here. The telecom industry soaks up $1.5 trillion a year from businesses and consumers. If Zoom cancontinue to expand on its capabilities, some of this massive market could go the way of video in the next 10 years -- and just a small fraction of $1.5 trillion will move the needle in a big way.\nLots of cash now, an unimaginable amount of cash later\nBut can Zoom really execute on such an ambitious plan? After all, its core video conferencing service is slowing down as effects of the pandemic ease. Revenue growth is expected to be about 50% this year, which implies quite the cool-off from the 191% growth rate notched in the first quarter of fiscal 2022.\nBut remember that Zoom doesn't fit within the definitional confines of a communications service. This is a cloud-based software service, which means it has flexibility -- like how it recently announced the acquisition of a real-time machine-based translation start-up called Kites GmbH. It's also been promoting its Zoom Phone service for businesses to provide a more flexible telephone system than what's offered by legacy telecoms. Zoom has an incredible $4.69 billion in cash and equivalents and zero debt on balance; compare that to netdebtpositions most telecom operations have these days. Put another way, Zoom is a nimble software technologist in the driver's seat of disrupting how people stay in touch.\nThis trend isn't going to suddenly reverse, either. Zoom generates massive amounts of cash every quarter. Itsfree cash flowprofit margin was 47% in Q1, good for $454 million in extra cash over and above what it needed in its operations. That tiny real-time translation start-up acquisition could be just the beginning if and when Zoom decides to start flexing its muscles.\nBetween a growing video conferencing market, a massive telecom industry getting upended by cloud computing, and the cash to keep the pedal to the metal, I wouldn't be at all surprised if Zoom can stoke the flames of about 26% a year annual average growth through 2030. Zoom as a $1 trillion business simply isn't all that far-fetched an idea in a post-COVID-19 world.","news_type":1,"symbols_score_info":{"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":146596890,"gmtCreate":1626088648310,"gmtModify":1631885481805,"author":{"id":"3582597737343890","authorId":"3582597737343890","name":"YeeMeng","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3582597737343890","authorIdStr":"3582597737343890"},"htmlText":"Zooming higher. Time to add position?","listText":"Zooming higher. Time to add position?","text":"Zooming higher. Time to add position?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/146596890","repostId":1184860034,"repostType":4,"repost":{"id":"1184860034","kind":"news","pubTimestamp":1626079090,"share":"https://www.laohu8.com/m/news/1184860034?lang=zh_CN&edition=full","pubTime":"2021-07-12 16:38","market":"us","language":"en","title":"Will Zoom Video Communications Be a Trillion-Dollar Stock by 2030?<blockquote>到2030年，Zoom Video通信会成为万亿美元股票吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184860034","media":"Motley Fool","summary":"Zoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales g","content":"Zoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales growth and has been catapulted into global consciousness by the COVID-19 pandemic. But now more than one year removed from the start of the global health crisis, the Zoom boom is over. Already with an enterprise value (market cap minus cash and equivalents) of $110 billion (compared to less than $20 billion at the start of 2020), Zoom stock reaching $1 trillion by 2030 -- a tenfold total return, or an average compound annual growth rate of about 26% -- might seem like a longshot.<blockquote>Zoom Video通信公司（纳斯达克：ZM）刚刚经历了三位数销售增长的史诗般的一年，并因COVID-19大流行而成为全球关注的焦点。但现在距离全球健康危机开始已经过去一年多了，Zoom热潮已经结束。Zoom股票的企业价值（市值减去现金及等价物）已达到1100亿美元（2020年初不到200亿美元），到2030年将达到1万亿美元——总回报率是总回报率的十倍，即平均复合年增长率约为26%——似乎希望渺茫。</blockquote> However, Zoom is disrupting a massive global communications industry, and as a cloud software business, it has additional capabilities it could unlock that a traditional telecom business cannot. Don't write off the possibility of this stock delivering another tenfold return in the next decade.<blockquote>然而，Zoom正在颠覆一个庞大的全球通信行业，作为一家云软件业务，它可以解锁传统电信业务无法解锁的额外功能。不要忽视这只股票在未来十年再次带来十倍回报的可能性。</blockquote> Don't sweat the valuation -- look at what's at stake<blockquote>不要担心估值——看看其中的利害关系</blockquote> When it comes to valuation, Zoom carries a premium price tag in all respects. Even down 34% from all-time highs reached last autumn, shares trade for 73 times trailing-12-monthfree cash flowand 28 times expected current year sales. In fact, not only is Zoom trading for severaldecades' worth of current annual revenue, it's also valued for many multiples more than total global annual spending on video conferencing services. Various estimates expect global spend on internet-based video communications to reach $50 billion or so a year, but not until 2026.<blockquote>说到估值，Zoom在各方面都带有溢价标签。尽管较去年秋天达到的历史高点下跌了34%，但该股的交易价格是过去12个月自由现金流的73倍，是今年预期销售额的28倍。事实上，Zoom不仅交易了几个几十年按目前的年收入计算，它的价值也是全球视频会议服务年度总支出的许多倍。各种估计预计，全球在基于互联网的视频通信上的支出将达到每年500亿美元左右，但要到2026年。</blockquote> <img src=\"https://static.tigerbbs.com/e5206f407a4d7605d3e87ce0d1e9a5b2\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\">IMAGE SOURCE: GETTY IMAGES.<blockquote>图片来源：盖蒂图片社。</blockquote> When it comes to technology leaders, it's commonplace for them to be valued multiple times higher than the global annual spending on the industry they participate in. Why? For one reason, business valuations are calculated usingfuture expected profits, the expected rate of growth of said profits, and the degree of certainty with which they'll be generated. For example,Alphabethas a market cap of $1.68 trillion, even though global digital advertising (which is 80% of Google's total revenue) is expected to be $455 billion this year.<blockquote>当谈到技术领导者时，他们的估值通常比他们所参与的行业的全球年度支出高出数倍。为什么？出于一个原因，企业估值是使用未来预期利润、所述利润的预期增长率以及产生利润的确定性程度来计算的。例如，Alphabet尽管全球数字广告（占谷歌总收入的80%）预计今年将达到4550亿美元，但其市值为1.68万亿美元。</blockquote> The point is this: Don't balk at Zoom's lofty valuation just because it's already far larger than the industry it's pioneering. Besides, consider what's up for grabs here. The telecom industry soaks up $1.5 trillion a year from businesses and consumers. If Zoom cancontinue to expand on its capabilities, some of this massive market could go the way of video in the next 10 years -- and just a small fraction of $1.5 trillion will move the needle in a big way.<blockquote>关键是：不要仅仅因为Zoom的估值已经远远大于它所开创的行业，就对它的高估值犹豫不决。此外，考虑一下这里有什么可争夺的。电信行业每年从企业和消费者那里吸收1.5万亿美元。如果Zoom能够继续扩展其功能，这个巨大市场的一部分可能会在未来10年内走上视频的道路——而1.5万亿美元中的一小部分就会产生巨大的影响。</blockquote> Lots of cash now, an unimaginable amount of cash later<blockquote>现在有很多现金，以后会有难以想象的现金</blockquote> But can Zoom really execute on such an ambitious plan? After all, its core video conferencing service is slowing down as effects of the pandemic ease. Revenue growth is expected to be about 50% this year, which implies quite the cool-off from the 191% growth rate notched in the first quarter of fiscal 2022.<blockquote>但Zoom真的能执行如此雄心勃勃的计划吗？毕竟，随着疫情影响的缓解，其核心视频会议服务正在放缓。预计今年收入增长约为50%，这意味着较2022财年第一季度191%的增长率有所降温。</blockquote> But remember that Zoom doesn't fit within the definitional confines of a communications service. This is a cloud-based software service, which means it has flexibility -- like how it recently announced the acquisition of a real-time machine-based translation start-up called Kites GmbH. It's also been promoting its Zoom Phone service for businesses to provide a more flexible telephone system than what's offered by legacy telecoms. Zoom has an incredible $4.69 billion in cash and equivalents and zero debt on balance; compare that to netdebtpositions most telecom operations have these days. Put another way, Zoom is a nimble software technologist in the driver's seat of disrupting how people stay in touch.<blockquote>但是请记住，Zoom不符合通信服务的定义范围。这是一项基于云的软件服务，这意味着它具有灵活性——就像它最近宣布收购一家名为Kites GmbH的实时机器翻译初创公司一样。它还一直在为企业推广其Zoom电话服务，以提供比传统电信公司更灵活的电话系统。Zoom拥有令人难以置信的46.9亿美元现金及等价物，且债务余额为零；将其与net进行比较债务如今大多数电信运营商都有这些职位。换句话说，Zoom是一位灵活的软件技术专家，在颠覆人们保持联系的方式。</blockquote> This trend isn't going to suddenly reverse, either. Zoom generates massive amounts of cash every quarter. Itsfree cash flowprofit margin was 47% in Q1, good for $454 million in extra cash over and above what it needed in its operations. That tiny real-time translation start-up acquisition could be just the beginning if and when Zoom decides to start flexing its muscles.<blockquote>这种趋势也不会突然逆转。Zoom每个季度都会产生大量现金。其第一季度的自由现金流利润率为47%，相当于超出运营所需的4.54亿美元额外现金。如果Zoom决定开始展示实力，收购这家小型实时翻译初创公司可能只是一个开始。</blockquote> Between a growing video conferencing market, a massive telecom industry getting upended by cloud computing, and the cash to keep the pedal to the metal, I wouldn't be at all surprised if Zoom can stoke the flames of about 26% a year annual average growth through 2030. Zoom as a $1 trillion business simply isn't all that far-fetched an idea in a post-COVID-19 world.<blockquote>在不断增长的视频会议市场、被云计算颠覆的庞大电信行业以及保持踏板运转的现金之间，如果Zoom能够以每年约26%的速度点燃火焰，我一点也不会感到惊讶到2030年。在后新冠肺炎时代，Zoom作为一项价值1万亿美元的业务并不是一个牵强的想法。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will Zoom Video Communications Be a Trillion-Dollar Stock by 2030?<blockquote>到2030年，Zoom Video通信会成为万亿美元股票吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill Zoom Video Communications Be a Trillion-Dollar Stock by 2030?<blockquote>到2030年，Zoom Video通信会成为万亿美元股票吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-07-12 16:38\n\n</h4>\n</header>\n<article>\nZoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales growth and has been catapulted into global consciousness by the COVID-19 pandemic. But now more than one year removed from the start of the global health crisis, the Zoom boom is over. Already with an enterprise value (market cap minus cash and equivalents) of $110 billion (compared to less than $20 billion at the start of 2020), Zoom stock reaching $1 trillion by 2030 -- a tenfold total return, or an average compound annual growth rate of about 26% -- might seem like a longshot.<blockquote>Zoom Video通信公司（纳斯达克：ZM）刚刚经历了三位数销售增长的史诗般的一年，并因COVID-19大流行而成为全球关注的焦点。但现在距离全球健康危机开始已经过去一年多了，Zoom热潮已经结束。Zoom股票的企业价值（市值减去现金及等价物）已达到1100亿美元（2020年初不到200亿美元），到2030年将达到1万亿美元——总回报率是总回报率的十倍，即平均复合年增长率约为26%——似乎希望渺茫。</blockquote> However, Zoom is disrupting a massive global communications industry, and as a cloud software business, it has additional capabilities it could unlock that a traditional telecom business cannot. Don't write off the possibility of this stock delivering another tenfold return in the next decade.<blockquote>然而，Zoom正在颠覆一个庞大的全球通信行业，作为一家云软件业务，它可以解锁传统电信业务无法解锁的额外功能。不要忽视这只股票在未来十年再次带来十倍回报的可能性。</blockquote> Don't sweat the valuation -- look at what's at stake<blockquote>不要担心估值——看看其中的利害关系</blockquote> When it comes to valuation, Zoom carries a premium price tag in all respects. Even down 34% from all-time highs reached last autumn, shares trade for 73 times trailing-12-monthfree cash flowand 28 times expected current year sales. In fact, not only is Zoom trading for severaldecades' worth of current annual revenue, it's also valued for many multiples more than total global annual spending on video conferencing services. Various estimates expect global spend on internet-based video communications to reach $50 billion or so a year, but not until 2026.<blockquote>说到估值，Zoom在各方面都带有溢价标签。尽管较去年秋天达到的历史高点下跌了34%，但该股的交易价格是过去12个月自由现金流的73倍，是今年预期销售额的28倍。事实上，Zoom不仅交易了几个几十年按目前的年收入计算，它的价值也是全球视频会议服务年度总支出的许多倍。各种估计预计，全球在基于互联网的视频通信上的支出将达到每年500亿美元左右，但要到2026年。</blockquote> <img src=\"https://static.tigerbbs.com/e5206f407a4d7605d3e87ce0d1e9a5b2\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\">IMAGE SOURCE: GETTY IMAGES.<blockquote>图片来源：盖蒂图片社。</blockquote> When it comes to technology leaders, it's commonplace for them to be valued multiple times higher than the global annual spending on the industry they participate in. Why? For one reason, business valuations are calculated usingfuture expected profits, the expected rate of growth of said profits, and the degree of certainty with which they'll be generated. For example,Alphabethas a market cap of $1.68 trillion, even though global digital advertising (which is 80% of Google's total revenue) is expected to be $455 billion this year.<blockquote>当谈到技术领导者时，他们的估值通常比他们所参与的行业的全球年度支出高出数倍。为什么？出于一个原因，企业估值是使用未来预期利润、所述利润的预期增长率以及产生利润的确定性程度来计算的。例如，Alphabet尽管全球数字广告（占谷歌总收入的80%）预计今年将达到4550亿美元，但其市值为1.68万亿美元。</blockquote> The point is this: Don't balk at Zoom's lofty valuation just because it's already far larger than the industry it's pioneering. Besides, consider what's up for grabs here. The telecom industry soaks up $1.5 trillion a year from businesses and consumers. If Zoom cancontinue to expand on its capabilities, some of this massive market could go the way of video in the next 10 years -- and just a small fraction of $1.5 trillion will move the needle in a big way.<blockquote>关键是：不要仅仅因为Zoom的估值已经远远大于它所开创的行业，就对它的高估值犹豫不决。此外，考虑一下这里有什么可争夺的。电信行业每年从企业和消费者那里吸收1.5万亿美元。如果Zoom能够继续扩展其功能，这个巨大市场的一部分可能会在未来10年内走上视频的道路——而1.5万亿美元中的一小部分就会产生巨大的影响。</blockquote> Lots of cash now, an unimaginable amount of cash later<blockquote>现在有很多现金，以后会有难以想象的现金</blockquote> But can Zoom really execute on such an ambitious plan? After all, its core video conferencing service is slowing down as effects of the pandemic ease. Revenue growth is expected to be about 50% this year, which implies quite the cool-off from the 191% growth rate notched in the first quarter of fiscal 2022.<blockquote>但Zoom真的能执行如此雄心勃勃的计划吗？毕竟，随着疫情影响的缓解，其核心视频会议服务正在放缓。预计今年收入增长约为50%，这意味着较2022财年第一季度191%的增长率有所降温。</blockquote> But remember that Zoom doesn't fit within the definitional confines of a communications service. This is a cloud-based software service, which means it has flexibility -- like how it recently announced the acquisition of a real-time machine-based translation start-up called Kites GmbH. It's also been promoting its Zoom Phone service for businesses to provide a more flexible telephone system than what's offered by legacy telecoms. Zoom has an incredible $4.69 billion in cash and equivalents and zero debt on balance; compare that to netdebtpositions most telecom operations have these days. Put another way, Zoom is a nimble software technologist in the driver's seat of disrupting how people stay in touch.<blockquote>但是请记住，Zoom不符合通信服务的定义范围。这是一项基于云的软件服务，这意味着它具有灵活性——就像它最近宣布收购一家名为Kites GmbH的实时机器翻译初创公司一样。它还一直在为企业推广其Zoom电话服务，以提供比传统电信公司更灵活的电话系统。Zoom拥有令人难以置信的46.9亿美元现金及等价物，且债务余额为零；将其与net进行比较债务如今大多数电信运营商都有这些职位。换句话说，Zoom是一位灵活的软件技术专家，在颠覆人们保持联系的方式。</blockquote> This trend isn't going to suddenly reverse, either. Zoom generates massive amounts of cash every quarter. Itsfree cash flowprofit margin was 47% in Q1, good for $454 million in extra cash over and above what it needed in its operations. That tiny real-time translation start-up acquisition could be just the beginning if and when Zoom decides to start flexing its muscles.<blockquote>这种趋势也不会突然逆转。Zoom每个季度都会产生大量现金。其第一季度的自由现金流利润率为47%，相当于超出运营所需的4.54亿美元额外现金。如果Zoom决定开始展示实力，收购这家小型实时翻译初创公司可能只是一个开始。</blockquote> Between a growing video conferencing market, a massive telecom industry getting upended by cloud computing, and the cash to keep the pedal to the metal, I wouldn't be at all surprised if Zoom can stoke the flames of about 26% a year annual average growth through 2030. Zoom as a $1 trillion business simply isn't all that far-fetched an idea in a post-COVID-19 world.<blockquote>在不断增长的视频会议市场、被云计算颠覆的庞大电信行业以及保持踏板运转的现金之间，如果Zoom能够以每年约26%的速度点燃火焰，我一点也不会感到惊讶到2030年。在后新冠肺炎时代，Zoom作为一项价值1万亿美元的业务并不是一个牵强的想法。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/07/11/zoom-video-trillion-dollar-stock-2030/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom"},"source_url":"https://www.fool.com/investing/2021/07/11/zoom-video-trillion-dollar-stock-2030/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184860034","content_text":"Zoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales growth and has been catapulted into global consciousness by the COVID-19 pandemic. But now more than one year removed from the start of the global health crisis, the Zoom boom is over. Already with an enterprise value (market cap minus cash and equivalents) of $110 billion (compared to less than $20 billion at the start of 2020), Zoom stock reaching $1 trillion by 2030 -- a tenfold total return, or an average compound annual growth rate of about 26% -- might seem like a longshot.\nHowever, Zoom is disrupting a massive global communications industry, and as a cloud software business, it has additional capabilities it could unlock that a traditional telecom business cannot. Don't write off the possibility of this stock delivering another tenfold return in the next decade.\nDon't sweat the valuation -- look at what's at stake\nWhen it comes to valuation, Zoom carries a premium price tag in all respects. Even down 34% from all-time highs reached last autumn, shares trade for 73 times trailing-12-monthfree cash flowand 28 times expected current year sales. In fact, not only is Zoom trading for severaldecades' worth of current annual revenue, it's also valued for many multiples more than total global annual spending on video conferencing services. Various estimates expect global spend on internet-based video communications to reach $50 billion or so a year, but not until 2026.\nIMAGE SOURCE: GETTY IMAGES.\nWhen it comes to technology leaders, it's commonplace for them to be valued multiple times higher than the global annual spending on the industry they participate in. Why? For one reason, business valuations are calculated usingfuture expected profits, the expected rate of growth of said profits, and the degree of certainty with which they'll be generated. For example,Alphabethas a market cap of $1.68 trillion, even though global digital advertising (which is 80% of Google's total revenue) is expected to be $455 billion this year.\nThe point is this: Don't balk at Zoom's lofty valuation just because it's already far larger than the industry it's pioneering. Besides, consider what's up for grabs here. The telecom industry soaks up $1.5 trillion a year from businesses and consumers. If Zoom cancontinue to expand on its capabilities, some of this massive market could go the way of video in the next 10 years -- and just a small fraction of $1.5 trillion will move the needle in a big way.\nLots of cash now, an unimaginable amount of cash later\nBut can Zoom really execute on such an ambitious plan? After all, its core video conferencing service is slowing down as effects of the pandemic ease. Revenue growth is expected to be about 50% this year, which implies quite the cool-off from the 191% growth rate notched in the first quarter of fiscal 2022.\nBut remember that Zoom doesn't fit within the definitional confines of a communications service. This is a cloud-based software service, which means it has flexibility -- like how it recently announced the acquisition of a real-time machine-based translation start-up called Kites GmbH. It's also been promoting its Zoom Phone service for businesses to provide a more flexible telephone system than what's offered by legacy telecoms. Zoom has an incredible $4.69 billion in cash and equivalents and zero debt on balance; compare that to netdebtpositions most telecom operations have these days. Put another way, Zoom is a nimble software technologist in the driver's seat of disrupting how people stay in touch.\nThis trend isn't going to suddenly reverse, either. Zoom generates massive amounts of cash every quarter. Itsfree cash flowprofit margin was 47% in Q1, good for $454 million in extra cash over and above what it needed in its operations. That tiny real-time translation start-up acquisition could be just the beginning if and when Zoom decides to start flexing its muscles.\nBetween a growing video conferencing market, a massive telecom industry getting upended by cloud computing, and the cash to keep the pedal to the metal, I wouldn't be at all surprised if Zoom can stoke the flames of about 26% a year annual average growth through 2030. Zoom as a $1 trillion business simply isn't all that far-fetched an idea in a post-COVID-19 world.","news_type":1,"symbols_score_info":{"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":146500822,"gmtCreate":1626087443066,"gmtModify":1631883958108,"author":{"id":"3571482048865852","authorId":"3571482048865852","name":"Troytan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3571482048865852","authorIdStr":"3571482048865852"},"htmlText":"Zoom to the moon","listText":"Zoom to the moon","text":"Zoom to the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/146500822","repostId":1184860034,"repostType":4,"repost":{"id":"1184860034","kind":"news","pubTimestamp":1626079090,"share":"https://www.laohu8.com/m/news/1184860034?lang=zh_CN&edition=full","pubTime":"2021-07-12 16:38","market":"us","language":"en","title":"Will Zoom Video Communications Be a Trillion-Dollar Stock by 2030?<blockquote>到2030年，Zoom Video通信会成为万亿美元股票吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184860034","media":"Motley Fool","summary":"Zoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales g","content":"Zoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales growth and has been catapulted into global consciousness by the COVID-19 pandemic. But now more than one year removed from the start of the global health crisis, the Zoom boom is over. Already with an enterprise value (market cap minus cash and equivalents) of $110 billion (compared to less than $20 billion at the start of 2020), Zoom stock reaching $1 trillion by 2030 -- a tenfold total return, or an average compound annual growth rate of about 26% -- might seem like a longshot.<blockquote>Zoom Video通信公司（纳斯达克：ZM）刚刚经历了三位数销售增长的史诗般的一年，并因COVID-19大流行而成为全球关注的焦点。但现在距离全球健康危机开始已经过去一年多了，Zoom热潮已经结束。Zoom股票的企业价值（市值减去现金及等价物）已达到1100亿美元（2020年初不到200亿美元），到2030年将达到1万亿美元——总回报率是总回报率的十倍，即平均复合年增长率约为26%——似乎希望渺茫。</blockquote> However, Zoom is disrupting a massive global communications industry, and as a cloud software business, it has additional capabilities it could unlock that a traditional telecom business cannot. Don't write off the possibility of this stock delivering another tenfold return in the next decade.<blockquote>然而，Zoom正在颠覆一个庞大的全球通信行业，作为一家云软件业务，它可以解锁传统电信业务无法解锁的额外功能。不要忽视这只股票在未来十年再次带来十倍回报的可能性。</blockquote> Don't sweat the valuation -- look at what's at stake<blockquote>不要担心估值——看看其中的利害关系</blockquote> When it comes to valuation, Zoom carries a premium price tag in all respects. Even down 34% from all-time highs reached last autumn, shares trade for 73 times trailing-12-monthfree cash flowand 28 times expected current year sales. In fact, not only is Zoom trading for severaldecades' worth of current annual revenue, it's also valued for many multiples more than total global annual spending on video conferencing services. Various estimates expect global spend on internet-based video communications to reach $50 billion or so a year, but not until 2026.<blockquote>说到估值，Zoom在各方面都带有溢价标签。尽管较去年秋天达到的历史高点下跌了34%，但该股的交易价格是过去12个月自由现金流的73倍，是今年预期销售额的28倍。事实上，Zoom不仅交易了几个几十年按目前的年收入计算，它的价值也是全球视频会议服务年度总支出的许多倍。各种估计预计，全球在基于互联网的视频通信上的支出将达到每年500亿美元左右，但要到2026年。</blockquote> <img src=\"https://static.tigerbbs.com/e5206f407a4d7605d3e87ce0d1e9a5b2\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\">IMAGE SOURCE: GETTY IMAGES.<blockquote>图片来源：盖蒂图片社。</blockquote> When it comes to technology leaders, it's commonplace for them to be valued multiple times higher than the global annual spending on the industry they participate in. Why? For one reason, business valuations are calculated usingfuture expected profits, the expected rate of growth of said profits, and the degree of certainty with which they'll be generated. For example,Alphabethas a market cap of $1.68 trillion, even though global digital advertising (which is 80% of Google's total revenue) is expected to be $455 billion this year.<blockquote>当谈到技术领导者时，他们的估值通常比他们所参与的行业的全球年度支出高出数倍。为什么？出于一个原因，企业估值是使用未来预期利润、所述利润的预期增长率以及产生利润的确定性程度来计算的。例如，Alphabet尽管全球数字广告（占谷歌总收入的80%）预计今年将达到4550亿美元，但其市值为1.68万亿美元。</blockquote> The point is this: Don't balk at Zoom's lofty valuation just because it's already far larger than the industry it's pioneering. Besides, consider what's up for grabs here. The telecom industry soaks up $1.5 trillion a year from businesses and consumers. If Zoom cancontinue to expand on its capabilities, some of this massive market could go the way of video in the next 10 years -- and just a small fraction of $1.5 trillion will move the needle in a big way.<blockquote>关键是：不要仅仅因为Zoom的估值已经远远大于它所开创的行业，就对它的高估值犹豫不决。此外，考虑一下这里有什么可争夺的。电信行业每年从企业和消费者那里吸收1.5万亿美元。如果Zoom能够继续扩展其功能，这个巨大市场的一部分可能会在未来10年内走上视频的道路——而1.5万亿美元中的一小部分就会产生巨大的影响。</blockquote> Lots of cash now, an unimaginable amount of cash later<blockquote>现在有很多现金，以后会有难以想象的现金</blockquote> But can Zoom really execute on such an ambitious plan? After all, its core video conferencing service is slowing down as effects of the pandemic ease. Revenue growth is expected to be about 50% this year, which implies quite the cool-off from the 191% growth rate notched in the first quarter of fiscal 2022.<blockquote>但Zoom真的能执行如此雄心勃勃的计划吗？毕竟，随着疫情影响的缓解，其核心视频会议服务正在放缓。预计今年收入增长约为50%，这意味着较2022财年第一季度191%的增长率有所降温。</blockquote> But remember that Zoom doesn't fit within the definitional confines of a communications service. This is a cloud-based software service, which means it has flexibility -- like how it recently announced the acquisition of a real-time machine-based translation start-up called Kites GmbH. It's also been promoting its Zoom Phone service for businesses to provide a more flexible telephone system than what's offered by legacy telecoms. Zoom has an incredible $4.69 billion in cash and equivalents and zero debt on balance; compare that to netdebtpositions most telecom operations have these days. Put another way, Zoom is a nimble software technologist in the driver's seat of disrupting how people stay in touch.<blockquote>但是请记住，Zoom不符合通信服务的定义范围。这是一项基于云的软件服务，这意味着它具有灵活性——就像它最近宣布收购一家名为Kites GmbH的实时机器翻译初创公司一样。它还一直在为企业推广其Zoom电话服务，以提供比传统电信公司更灵活的电话系统。Zoom拥有令人难以置信的46.9亿美元现金及等价物，且债务余额为零；将其与net进行比较债务如今大多数电信运营商都有这些职位。换句话说，Zoom是一位灵活的软件技术专家，在颠覆人们保持联系的方式。</blockquote> This trend isn't going to suddenly reverse, either. Zoom generates massive amounts of cash every quarter. Itsfree cash flowprofit margin was 47% in Q1, good for $454 million in extra cash over and above what it needed in its operations. That tiny real-time translation start-up acquisition could be just the beginning if and when Zoom decides to start flexing its muscles.<blockquote>这种趋势也不会突然逆转。Zoom每个季度都会产生大量现金。其第一季度的自由现金流利润率为47%，相当于超出运营所需的4.54亿美元额外现金。如果Zoom决定开始展示实力，收购这家小型实时翻译初创公司可能只是一个开始。</blockquote> Between a growing video conferencing market, a massive telecom industry getting upended by cloud computing, and the cash to keep the pedal to the metal, I wouldn't be at all surprised if Zoom can stoke the flames of about 26% a year annual average growth through 2030. Zoom as a $1 trillion business simply isn't all that far-fetched an idea in a post-COVID-19 world.<blockquote>在不断增长的视频会议市场、被云计算颠覆的庞大电信行业以及保持踏板运转的现金之间，如果Zoom能够以每年约26%的速度点燃火焰，我一点也不会感到惊讶到2030年。在后新冠肺炎时代，Zoom作为一项价值1万亿美元的业务并不是一个牵强的想法。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will Zoom Video Communications Be a Trillion-Dollar Stock by 2030?<blockquote>到2030年，Zoom Video通信会成为万亿美元股票吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill Zoom Video Communications Be a Trillion-Dollar Stock by 2030?<blockquote>到2030年，Zoom Video通信会成为万亿美元股票吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-07-12 16:38\n\n</h4>\n</header>\n<article>\nZoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales growth and has been catapulted into global consciousness by the COVID-19 pandemic. But now more than one year removed from the start of the global health crisis, the Zoom boom is over. Already with an enterprise value (market cap minus cash and equivalents) of $110 billion (compared to less than $20 billion at the start of 2020), Zoom stock reaching $1 trillion by 2030 -- a tenfold total return, or an average compound annual growth rate of about 26% -- might seem like a longshot.<blockquote>Zoom Video通信公司（纳斯达克：ZM）刚刚经历了三位数销售增长的史诗般的一年，并因COVID-19大流行而成为全球关注的焦点。但现在距离全球健康危机开始已经过去一年多了，Zoom热潮已经结束。Zoom股票的企业价值（市值减去现金及等价物）已达到1100亿美元（2020年初不到200亿美元），到2030年将达到1万亿美元——总回报率是总回报率的十倍，即平均复合年增长率约为26%——似乎希望渺茫。</blockquote> However, Zoom is disrupting a massive global communications industry, and as a cloud software business, it has additional capabilities it could unlock that a traditional telecom business cannot. Don't write off the possibility of this stock delivering another tenfold return in the next decade.<blockquote>然而，Zoom正在颠覆一个庞大的全球通信行业，作为一家云软件业务，它可以解锁传统电信业务无法解锁的额外功能。不要忽视这只股票在未来十年再次带来十倍回报的可能性。</blockquote> Don't sweat the valuation -- look at what's at stake<blockquote>不要担心估值——看看其中的利害关系</blockquote> When it comes to valuation, Zoom carries a premium price tag in all respects. Even down 34% from all-time highs reached last autumn, shares trade for 73 times trailing-12-monthfree cash flowand 28 times expected current year sales. In fact, not only is Zoom trading for severaldecades' worth of current annual revenue, it's also valued for many multiples more than total global annual spending on video conferencing services. Various estimates expect global spend on internet-based video communications to reach $50 billion or so a year, but not until 2026.<blockquote>说到估值，Zoom在各方面都带有溢价标签。尽管较去年秋天达到的历史高点下跌了34%，但该股的交易价格是过去12个月自由现金流的73倍，是今年预期销售额的28倍。事实上，Zoom不仅交易了几个几十年按目前的年收入计算，它的价值也是全球视频会议服务年度总支出的许多倍。各种估计预计，全球在基于互联网的视频通信上的支出将达到每年500亿美元左右，但要到2026年。</blockquote> <img src=\"https://static.tigerbbs.com/e5206f407a4d7605d3e87ce0d1e9a5b2\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\">IMAGE SOURCE: GETTY IMAGES.<blockquote>图片来源：盖蒂图片社。</blockquote> When it comes to technology leaders, it's commonplace for them to be valued multiple times higher than the global annual spending on the industry they participate in. Why? For one reason, business valuations are calculated usingfuture expected profits, the expected rate of growth of said profits, and the degree of certainty with which they'll be generated. For example,Alphabethas a market cap of $1.68 trillion, even though global digital advertising (which is 80% of Google's total revenue) is expected to be $455 billion this year.<blockquote>当谈到技术领导者时，他们的估值通常比他们所参与的行业的全球年度支出高出数倍。为什么？出于一个原因，企业估值是使用未来预期利润、所述利润的预期增长率以及产生利润的确定性程度来计算的。例如，Alphabet尽管全球数字广告（占谷歌总收入的80%）预计今年将达到4550亿美元，但其市值为1.68万亿美元。</blockquote> The point is this: Don't balk at Zoom's lofty valuation just because it's already far larger than the industry it's pioneering. Besides, consider what's up for grabs here. The telecom industry soaks up $1.5 trillion a year from businesses and consumers. If Zoom cancontinue to expand on its capabilities, some of this massive market could go the way of video in the next 10 years -- and just a small fraction of $1.5 trillion will move the needle in a big way.<blockquote>关键是：不要仅仅因为Zoom的估值已经远远大于它所开创的行业，就对它的高估值犹豫不决。此外，考虑一下这里有什么可争夺的。电信行业每年从企业和消费者那里吸收1.5万亿美元。如果Zoom能够继续扩展其功能，这个巨大市场的一部分可能会在未来10年内走上视频的道路——而1.5万亿美元中的一小部分就会产生巨大的影响。</blockquote> Lots of cash now, an unimaginable amount of cash later<blockquote>现在有很多现金，以后会有难以想象的现金</blockquote> But can Zoom really execute on such an ambitious plan? After all, its core video conferencing service is slowing down as effects of the pandemic ease. Revenue growth is expected to be about 50% this year, which implies quite the cool-off from the 191% growth rate notched in the first quarter of fiscal 2022.<blockquote>但Zoom真的能执行如此雄心勃勃的计划吗？毕竟，随着疫情影响的缓解，其核心视频会议服务正在放缓。预计今年收入增长约为50%，这意味着较2022财年第一季度191%的增长率有所降温。</blockquote> But remember that Zoom doesn't fit within the definitional confines of a communications service. This is a cloud-based software service, which means it has flexibility -- like how it recently announced the acquisition of a real-time machine-based translation start-up called Kites GmbH. It's also been promoting its Zoom Phone service for businesses to provide a more flexible telephone system than what's offered by legacy telecoms. Zoom has an incredible $4.69 billion in cash and equivalents and zero debt on balance; compare that to netdebtpositions most telecom operations have these days. Put another way, Zoom is a nimble software technologist in the driver's seat of disrupting how people stay in touch.<blockquote>但是请记住，Zoom不符合通信服务的定义范围。这是一项基于云的软件服务，这意味着它具有灵活性——就像它最近宣布收购一家名为Kites GmbH的实时机器翻译初创公司一样。它还一直在为企业推广其Zoom电话服务，以提供比传统电信公司更灵活的电话系统。Zoom拥有令人难以置信的46.9亿美元现金及等价物，且债务余额为零；将其与net进行比较债务如今大多数电信运营商都有这些职位。换句话说，Zoom是一位灵活的软件技术专家，在颠覆人们保持联系的方式。</blockquote> This trend isn't going to suddenly reverse, either. Zoom generates massive amounts of cash every quarter. Itsfree cash flowprofit margin was 47% in Q1, good for $454 million in extra cash over and above what it needed in its operations. That tiny real-time translation start-up acquisition could be just the beginning if and when Zoom decides to start flexing its muscles.<blockquote>这种趋势也不会突然逆转。Zoom每个季度都会产生大量现金。其第一季度的自由现金流利润率为47%，相当于超出运营所需的4.54亿美元额外现金。如果Zoom决定开始展示实力，收购这家小型实时翻译初创公司可能只是一个开始。</blockquote> Between a growing video conferencing market, a massive telecom industry getting upended by cloud computing, and the cash to keep the pedal to the metal, I wouldn't be at all surprised if Zoom can stoke the flames of about 26% a year annual average growth through 2030. Zoom as a $1 trillion business simply isn't all that far-fetched an idea in a post-COVID-19 world.<blockquote>在不断增长的视频会议市场、被云计算颠覆的庞大电信行业以及保持踏板运转的现金之间，如果Zoom能够以每年约26%的速度点燃火焰，我一点也不会感到惊讶到2030年。在后新冠肺炎时代，Zoom作为一项价值1万亿美元的业务并不是一个牵强的想法。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/07/11/zoom-video-trillion-dollar-stock-2030/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom"},"source_url":"https://www.fool.com/investing/2021/07/11/zoom-video-trillion-dollar-stock-2030/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184860034","content_text":"Zoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales growth and has been catapulted into global consciousness by the COVID-19 pandemic. But now more than one year removed from the start of the global health crisis, the Zoom boom is over. Already with an enterprise value (market cap minus cash and equivalents) of $110 billion (compared to less than $20 billion at the start of 2020), Zoom stock reaching $1 trillion by 2030 -- a tenfold total return, or an average compound annual growth rate of about 26% -- might seem like a longshot.\nHowever, Zoom is disrupting a massive global communications industry, and as a cloud software business, it has additional capabilities it could unlock that a traditional telecom business cannot. Don't write off the possibility of this stock delivering another tenfold return in the next decade.\nDon't sweat the valuation -- look at what's at stake\nWhen it comes to valuation, Zoom carries a premium price tag in all respects. Even down 34% from all-time highs reached last autumn, shares trade for 73 times trailing-12-monthfree cash flowand 28 times expected current year sales. In fact, not only is Zoom trading for severaldecades' worth of current annual revenue, it's also valued for many multiples more than total global annual spending on video conferencing services. Various estimates expect global spend on internet-based video communications to reach $50 billion or so a year, but not until 2026.\nIMAGE SOURCE: GETTY IMAGES.\nWhen it comes to technology leaders, it's commonplace for them to be valued multiple times higher than the global annual spending on the industry they participate in. Why? For one reason, business valuations are calculated usingfuture expected profits, the expected rate of growth of said profits, and the degree of certainty with which they'll be generated. For example,Alphabethas a market cap of $1.68 trillion, even though global digital advertising (which is 80% of Google's total revenue) is expected to be $455 billion this year.\nThe point is this: Don't balk at Zoom's lofty valuation just because it's already far larger than the industry it's pioneering. Besides, consider what's up for grabs here. The telecom industry soaks up $1.5 trillion a year from businesses and consumers. If Zoom cancontinue to expand on its capabilities, some of this massive market could go the way of video in the next 10 years -- and just a small fraction of $1.5 trillion will move the needle in a big way.\nLots of cash now, an unimaginable amount of cash later\nBut can Zoom really execute on such an ambitious plan? After all, its core video conferencing service is slowing down as effects of the pandemic ease. Revenue growth is expected to be about 50% this year, which implies quite the cool-off from the 191% growth rate notched in the first quarter of fiscal 2022.\nBut remember that Zoom doesn't fit within the definitional confines of a communications service. This is a cloud-based software service, which means it has flexibility -- like how it recently announced the acquisition of a real-time machine-based translation start-up called Kites GmbH. It's also been promoting its Zoom Phone service for businesses to provide a more flexible telephone system than what's offered by legacy telecoms. Zoom has an incredible $4.69 billion in cash and equivalents and zero debt on balance; compare that to netdebtpositions most telecom operations have these days. Put another way, Zoom is a nimble software technologist in the driver's seat of disrupting how people stay in touch.\nThis trend isn't going to suddenly reverse, either. Zoom generates massive amounts of cash every quarter. Itsfree cash flowprofit margin was 47% in Q1, good for $454 million in extra cash over and above what it needed in its operations. That tiny real-time translation start-up acquisition could be just the beginning if and when Zoom decides to start flexing its muscles.\nBetween a growing video conferencing market, a massive telecom industry getting upended by cloud computing, and the cash to keep the pedal to the metal, I wouldn't be at all surprised if Zoom can stoke the flames of about 26% a year annual average growth through 2030. Zoom as a $1 trillion business simply isn't all that far-fetched an idea in a post-COVID-19 world.","news_type":1,"symbols_score_info":{"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":146226557,"gmtCreate":1626084463979,"gmtModify":1631883958113,"author":{"id":"3578371160956810","authorId":"3578371160956810","name":"NadNad","avatar":"https://static.tigerbbs.com/5b9cb8b114a799d8c15172b886370b7e","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3578371160956810","authorIdStr":"3578371160956810"},"htmlText":"What can Zoom do that Ms Team can’t?&nbsp;","listText":"What can Zoom do that Ms Team can’t?&nbsp;","text":"What can Zoom do that Ms Team can’t?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/146226557","repostId":1184860034,"repostType":4,"repost":{"id":"1184860034","kind":"news","pubTimestamp":1626079090,"share":"https://www.laohu8.com/m/news/1184860034?lang=zh_CN&edition=full","pubTime":"2021-07-12 16:38","market":"us","language":"en","title":"Will Zoom Video Communications Be a Trillion-Dollar Stock by 2030?<blockquote>到2030年，Zoom Video通信会成为万亿美元股票吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184860034","media":"Motley Fool","summary":"Zoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales g","content":"Zoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales growth and has been catapulted into global consciousness by the COVID-19 pandemic. But now more than one year removed from the start of the global health crisis, the Zoom boom is over. Already with an enterprise value (market cap minus cash and equivalents) of $110 billion (compared to less than $20 billion at the start of 2020), Zoom stock reaching $1 trillion by 2030 -- a tenfold total return, or an average compound annual growth rate of about 26% -- might seem like a longshot.<blockquote>Zoom Video通信公司（纳斯达克：ZM）刚刚经历了三位数销售增长的史诗般的一年，并因COVID-19大流行而成为全球关注的焦点。但现在距离全球健康危机开始已经过去一年多了，Zoom热潮已经结束。Zoom股票的企业价值（市值减去现金及等价物）已达到1100亿美元（2020年初不到200亿美元），到2030年将达到1万亿美元——总回报率是总回报率的十倍，即平均复合年增长率约为26%——似乎希望渺茫。</blockquote> However, Zoom is disrupting a massive global communications industry, and as a cloud software business, it has additional capabilities it could unlock that a traditional telecom business cannot. Don't write off the possibility of this stock delivering another tenfold return in the next decade.<blockquote>然而，Zoom正在颠覆一个庞大的全球通信行业，作为一家云软件业务，它可以解锁传统电信业务无法解锁的额外功能。不要忽视这只股票在未来十年再次带来十倍回报的可能性。</blockquote> Don't sweat the valuation -- look at what's at stake<blockquote>不要担心估值——看看其中的利害关系</blockquote> When it comes to valuation, Zoom carries a premium price tag in all respects. Even down 34% from all-time highs reached last autumn, shares trade for 73 times trailing-12-monthfree cash flowand 28 times expected current year sales. In fact, not only is Zoom trading for severaldecades' worth of current annual revenue, it's also valued for many multiples more than total global annual spending on video conferencing services. Various estimates expect global spend on internet-based video communications to reach $50 billion or so a year, but not until 2026.<blockquote>说到估值，Zoom在各方面都带有溢价标签。尽管较去年秋天达到的历史高点下跌了34%，但该股的交易价格是过去12个月自由现金流的73倍，是今年预期销售额的28倍。事实上，Zoom不仅交易了几个几十年按目前的年收入计算，它的价值也是全球视频会议服务年度总支出的许多倍。各种估计预计，全球在基于互联网的视频通信上的支出将达到每年500亿美元左右，但要到2026年。</blockquote> <img src=\"https://static.tigerbbs.com/e5206f407a4d7605d3e87ce0d1e9a5b2\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\">IMAGE SOURCE: GETTY IMAGES.<blockquote>图片来源：盖蒂图片社。</blockquote> When it comes to technology leaders, it's commonplace for them to be valued multiple times higher than the global annual spending on the industry they participate in. Why? For one reason, business valuations are calculated usingfuture expected profits, the expected rate of growth of said profits, and the degree of certainty with which they'll be generated. For example,Alphabethas a market cap of $1.68 trillion, even though global digital advertising (which is 80% of Google's total revenue) is expected to be $455 billion this year.<blockquote>当谈到技术领导者时，他们的估值通常比他们所参与的行业的全球年度支出高出数倍。为什么？出于一个原因，企业估值是使用未来预期利润、所述利润的预期增长率以及产生利润的确定性程度来计算的。例如，Alphabet尽管全球数字广告（占谷歌总收入的80%）预计今年将达到4550亿美元，但其市值为1.68万亿美元。</blockquote> The point is this: Don't balk at Zoom's lofty valuation just because it's already far larger than the industry it's pioneering. Besides, consider what's up for grabs here. The telecom industry soaks up $1.5 trillion a year from businesses and consumers. If Zoom cancontinue to expand on its capabilities, some of this massive market could go the way of video in the next 10 years -- and just a small fraction of $1.5 trillion will move the needle in a big way.<blockquote>关键是：不要仅仅因为Zoom的估值已经远远大于它所开创的行业，就对它的高估值犹豫不决。此外，考虑一下这里有什么可争夺的。电信行业每年从企业和消费者那里吸收1.5万亿美元。如果Zoom能够继续扩展其功能，这个巨大市场的一部分可能会在未来10年内走上视频的道路——而1.5万亿美元中的一小部分就会产生巨大的影响。</blockquote> Lots of cash now, an unimaginable amount of cash later<blockquote>现在有很多现金，以后会有难以想象的现金</blockquote> But can Zoom really execute on such an ambitious plan? After all, its core video conferencing service is slowing down as effects of the pandemic ease. Revenue growth is expected to be about 50% this year, which implies quite the cool-off from the 191% growth rate notched in the first quarter of fiscal 2022.<blockquote>但Zoom真的能执行如此雄心勃勃的计划吗？毕竟，随着疫情影响的缓解，其核心视频会议服务正在放缓。预计今年收入增长约为50%，这意味着较2022财年第一季度191%的增长率有所降温。</blockquote> But remember that Zoom doesn't fit within the definitional confines of a communications service. This is a cloud-based software service, which means it has flexibility -- like how it recently announced the acquisition of a real-time machine-based translation start-up called Kites GmbH. It's also been promoting its Zoom Phone service for businesses to provide a more flexible telephone system than what's offered by legacy telecoms. Zoom has an incredible $4.69 billion in cash and equivalents and zero debt on balance; compare that to netdebtpositions most telecom operations have these days. Put another way, Zoom is a nimble software technologist in the driver's seat of disrupting how people stay in touch.<blockquote>但是请记住，Zoom不符合通信服务的定义范围。这是一项基于云的软件服务，这意味着它具有灵活性——就像它最近宣布收购一家名为Kites GmbH的实时机器翻译初创公司一样。它还一直在为企业推广其Zoom电话服务，以提供比传统电信公司更灵活的电话系统。Zoom拥有令人难以置信的46.9亿美元现金及等价物，且债务余额为零；将其与net进行比较债务如今大多数电信运营商都有这些职位。换句话说，Zoom是一位灵活的软件技术专家，在颠覆人们保持联系的方式。</blockquote> This trend isn't going to suddenly reverse, either. Zoom generates massive amounts of cash every quarter. Itsfree cash flowprofit margin was 47% in Q1, good for $454 million in extra cash over and above what it needed in its operations. That tiny real-time translation start-up acquisition could be just the beginning if and when Zoom decides to start flexing its muscles.<blockquote>这种趋势也不会突然逆转。Zoom每个季度都会产生大量现金。其第一季度的自由现金流利润率为47%，相当于超出运营所需的4.54亿美元额外现金。如果Zoom决定开始展示实力，收购这家小型实时翻译初创公司可能只是一个开始。</blockquote> Between a growing video conferencing market, a massive telecom industry getting upended by cloud computing, and the cash to keep the pedal to the metal, I wouldn't be at all surprised if Zoom can stoke the flames of about 26% a year annual average growth through 2030. Zoom as a $1 trillion business simply isn't all that far-fetched an idea in a post-COVID-19 world.<blockquote>在不断增长的视频会议市场、被云计算颠覆的庞大电信行业以及保持踏板运转的现金之间，如果Zoom能够以每年约26%的速度点燃火焰，我一点也不会感到惊讶到2030年。在后新冠肺炎时代，Zoom作为一项价值1万亿美元的业务并不是一个牵强的想法。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will Zoom Video Communications Be a Trillion-Dollar Stock by 2030?<blockquote>到2030年，Zoom Video通信会成为万亿美元股票吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill Zoom Video Communications Be a Trillion-Dollar Stock by 2030?<blockquote>到2030年，Zoom Video通信会成为万亿美元股票吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-07-12 16:38\n\n</h4>\n</header>\n<article>\nZoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales growth and has been catapulted into global consciousness by the COVID-19 pandemic. But now more than one year removed from the start of the global health crisis, the Zoom boom is over. Already with an enterprise value (market cap minus cash and equivalents) of $110 billion (compared to less than $20 billion at the start of 2020), Zoom stock reaching $1 trillion by 2030 -- a tenfold total return, or an average compound annual growth rate of about 26% -- might seem like a longshot.<blockquote>Zoom Video通信公司（纳斯达克：ZM）刚刚经历了三位数销售增长的史诗般的一年，并因COVID-19大流行而成为全球关注的焦点。但现在距离全球健康危机开始已经过去一年多了，Zoom热潮已经结束。Zoom股票的企业价值（市值减去现金及等价物）已达到1100亿美元（2020年初不到200亿美元），到2030年将达到1万亿美元——总回报率是总回报率的十倍，即平均复合年增长率约为26%——似乎希望渺茫。</blockquote> However, Zoom is disrupting a massive global communications industry, and as a cloud software business, it has additional capabilities it could unlock that a traditional telecom business cannot. Don't write off the possibility of this stock delivering another tenfold return in the next decade.<blockquote>然而，Zoom正在颠覆一个庞大的全球通信行业，作为一家云软件业务，它可以解锁传统电信业务无法解锁的额外功能。不要忽视这只股票在未来十年再次带来十倍回报的可能性。</blockquote> Don't sweat the valuation -- look at what's at stake<blockquote>不要担心估值——看看其中的利害关系</blockquote> When it comes to valuation, Zoom carries a premium price tag in all respects. Even down 34% from all-time highs reached last autumn, shares trade for 73 times trailing-12-monthfree cash flowand 28 times expected current year sales. In fact, not only is Zoom trading for severaldecades' worth of current annual revenue, it's also valued for many multiples more than total global annual spending on video conferencing services. Various estimates expect global spend on internet-based video communications to reach $50 billion or so a year, but not until 2026.<blockquote>说到估值，Zoom在各方面都带有溢价标签。尽管较去年秋天达到的历史高点下跌了34%，但该股的交易价格是过去12个月自由现金流的73倍，是今年预期销售额的28倍。事实上，Zoom不仅交易了几个几十年按目前的年收入计算，它的价值也是全球视频会议服务年度总支出的许多倍。各种估计预计，全球在基于互联网的视频通信上的支出将达到每年500亿美元左右，但要到2026年。</blockquote> <img src=\"https://static.tigerbbs.com/e5206f407a4d7605d3e87ce0d1e9a5b2\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\">IMAGE SOURCE: GETTY IMAGES.<blockquote>图片来源：盖蒂图片社。</blockquote> When it comes to technology leaders, it's commonplace for them to be valued multiple times higher than the global annual spending on the industry they participate in. Why? For one reason, business valuations are calculated usingfuture expected profits, the expected rate of growth of said profits, and the degree of certainty with which they'll be generated. For example,Alphabethas a market cap of $1.68 trillion, even though global digital advertising (which is 80% of Google's total revenue) is expected to be $455 billion this year.<blockquote>当谈到技术领导者时，他们的估值通常比他们所参与的行业的全球年度支出高出数倍。为什么？出于一个原因，企业估值是使用未来预期利润、所述利润的预期增长率以及产生利润的确定性程度来计算的。例如，Alphabet尽管全球数字广告（占谷歌总收入的80%）预计今年将达到4550亿美元，但其市值为1.68万亿美元。</blockquote> The point is this: Don't balk at Zoom's lofty valuation just because it's already far larger than the industry it's pioneering. Besides, consider what's up for grabs here. The telecom industry soaks up $1.5 trillion a year from businesses and consumers. If Zoom cancontinue to expand on its capabilities, some of this massive market could go the way of video in the next 10 years -- and just a small fraction of $1.5 trillion will move the needle in a big way.<blockquote>关键是：不要仅仅因为Zoom的估值已经远远大于它所开创的行业，就对它的高估值犹豫不决。此外，考虑一下这里有什么可争夺的。电信行业每年从企业和消费者那里吸收1.5万亿美元。如果Zoom能够继续扩展其功能，这个巨大市场的一部分可能会在未来10年内走上视频的道路——而1.5万亿美元中的一小部分就会产生巨大的影响。</blockquote> Lots of cash now, an unimaginable amount of cash later<blockquote>现在有很多现金，以后会有难以想象的现金</blockquote> But can Zoom really execute on such an ambitious plan? After all, its core video conferencing service is slowing down as effects of the pandemic ease. Revenue growth is expected to be about 50% this year, which implies quite the cool-off from the 191% growth rate notched in the first quarter of fiscal 2022.<blockquote>但Zoom真的能执行如此雄心勃勃的计划吗？毕竟，随着疫情影响的缓解，其核心视频会议服务正在放缓。预计今年收入增长约为50%，这意味着较2022财年第一季度191%的增长率有所降温。</blockquote> But remember that Zoom doesn't fit within the definitional confines of a communications service. This is a cloud-based software service, which means it has flexibility -- like how it recently announced the acquisition of a real-time machine-based translation start-up called Kites GmbH. It's also been promoting its Zoom Phone service for businesses to provide a more flexible telephone system than what's offered by legacy telecoms. Zoom has an incredible $4.69 billion in cash and equivalents and zero debt on balance; compare that to netdebtpositions most telecom operations have these days. Put another way, Zoom is a nimble software technologist in the driver's seat of disrupting how people stay in touch.<blockquote>但是请记住，Zoom不符合通信服务的定义范围。这是一项基于云的软件服务，这意味着它具有灵活性——就像它最近宣布收购一家名为Kites GmbH的实时机器翻译初创公司一样。它还一直在为企业推广其Zoom电话服务，以提供比传统电信公司更灵活的电话系统。Zoom拥有令人难以置信的46.9亿美元现金及等价物，且债务余额为零；将其与net进行比较债务如今大多数电信运营商都有这些职位。换句话说，Zoom是一位灵活的软件技术专家，在颠覆人们保持联系的方式。</blockquote> This trend isn't going to suddenly reverse, either. Zoom generates massive amounts of cash every quarter. Itsfree cash flowprofit margin was 47% in Q1, good for $454 million in extra cash over and above what it needed in its operations. That tiny real-time translation start-up acquisition could be just the beginning if and when Zoom decides to start flexing its muscles.<blockquote>这种趋势也不会突然逆转。Zoom每个季度都会产生大量现金。其第一季度的自由现金流利润率为47%，相当于超出运营所需的4.54亿美元额外现金。如果Zoom决定开始展示实力，收购这家小型实时翻译初创公司可能只是一个开始。</blockquote> Between a growing video conferencing market, a massive telecom industry getting upended by cloud computing, and the cash to keep the pedal to the metal, I wouldn't be at all surprised if Zoom can stoke the flames of about 26% a year annual average growth through 2030. Zoom as a $1 trillion business simply isn't all that far-fetched an idea in a post-COVID-19 world.<blockquote>在不断增长的视频会议市场、被云计算颠覆的庞大电信行业以及保持踏板运转的现金之间，如果Zoom能够以每年约26%的速度点燃火焰，我一点也不会感到惊讶到2030年。在后新冠肺炎时代，Zoom作为一项价值1万亿美元的业务并不是一个牵强的想法。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/07/11/zoom-video-trillion-dollar-stock-2030/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom"},"source_url":"https://www.fool.com/investing/2021/07/11/zoom-video-trillion-dollar-stock-2030/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184860034","content_text":"Zoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales growth and has been catapulted into global consciousness by the COVID-19 pandemic. But now more than one year removed from the start of the global health crisis, the Zoom boom is over. Already with an enterprise value (market cap minus cash and equivalents) of $110 billion (compared to less than $20 billion at the start of 2020), Zoom stock reaching $1 trillion by 2030 -- a tenfold total return, or an average compound annual growth rate of about 26% -- might seem like a longshot.\nHowever, Zoom is disrupting a massive global communications industry, and as a cloud software business, it has additional capabilities it could unlock that a traditional telecom business cannot. Don't write off the possibility of this stock delivering another tenfold return in the next decade.\nDon't sweat the valuation -- look at what's at stake\nWhen it comes to valuation, Zoom carries a premium price tag in all respects. Even down 34% from all-time highs reached last autumn, shares trade for 73 times trailing-12-monthfree cash flowand 28 times expected current year sales. In fact, not only is Zoom trading for severaldecades' worth of current annual revenue, it's also valued for many multiples more than total global annual spending on video conferencing services. Various estimates expect global spend on internet-based video communications to reach $50 billion or so a year, but not until 2026.\nIMAGE SOURCE: GETTY IMAGES.\nWhen it comes to technology leaders, it's commonplace for them to be valued multiple times higher than the global annual spending on the industry they participate in. Why? For one reason, business valuations are calculated usingfuture expected profits, the expected rate of growth of said profits, and the degree of certainty with which they'll be generated. For example,Alphabethas a market cap of $1.68 trillion, even though global digital advertising (which is 80% of Google's total revenue) is expected to be $455 billion this year.\nThe point is this: Don't balk at Zoom's lofty valuation just because it's already far larger than the industry it's pioneering. Besides, consider what's up for grabs here. The telecom industry soaks up $1.5 trillion a year from businesses and consumers. If Zoom cancontinue to expand on its capabilities, some of this massive market could go the way of video in the next 10 years -- and just a small fraction of $1.5 trillion will move the needle in a big way.\nLots of cash now, an unimaginable amount of cash later\nBut can Zoom really execute on such an ambitious plan? After all, its core video conferencing service is slowing down as effects of the pandemic ease. Revenue growth is expected to be about 50% this year, which implies quite the cool-off from the 191% growth rate notched in the first quarter of fiscal 2022.\nBut remember that Zoom doesn't fit within the definitional confines of a communications service. This is a cloud-based software service, which means it has flexibility -- like how it recently announced the acquisition of a real-time machine-based translation start-up called Kites GmbH. It's also been promoting its Zoom Phone service for businesses to provide a more flexible telephone system than what's offered by legacy telecoms. Zoom has an incredible $4.69 billion in cash and equivalents and zero debt on balance; compare that to netdebtpositions most telecom operations have these days. Put another way, Zoom is a nimble software technologist in the driver's seat of disrupting how people stay in touch.\nThis trend isn't going to suddenly reverse, either. Zoom generates massive amounts of cash every quarter. Itsfree cash flowprofit margin was 47% in Q1, good for $454 million in extra cash over and above what it needed in its operations. That tiny real-time translation start-up acquisition could be just the beginning if and when Zoom decides to start flexing its muscles.\nBetween a growing video conferencing market, a massive telecom industry getting upended by cloud computing, and the cash to keep the pedal to the metal, I wouldn't be at all surprised if Zoom can stoke the flames of about 26% a year annual average growth through 2030. Zoom as a $1 trillion business simply isn't all that far-fetched an idea in a post-COVID-19 world.","news_type":1,"symbols_score_info":{"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5230364,"gmtCreate":1626358561060,"gmtModify":1626358561060,"authorId":3494281781797251,"author":{"id":3494281781797251,"idStr":"3494281781797251","authorId":3494281781797251,"name":"Clumsypig","avatar":"https://static.tigerbbs.com/0b15f83d2e489f283f51b78126066b4e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":146226557,"type":1,"supId":0,"prevId":0,"content":"专一","text":"专一","html":"专一"}],"langContent":"EN"},{"id":146269743,"gmtCreate":1626083347082,"gmtModify":1633930325252,"author":{"id":"4087361572396550","authorId":"4087361572396550","name":"ValuInvestor","avatar":"https://static.tigerbbs.com/5a962911d3cd0763a9f0cb01392cacd9","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"4087361572396550","authorIdStr":"4087361572396550"},"htmlText":"Zooming to profits!","listText":"Zooming to profits!","text":"Zooming to profits!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/146269743","repostId":1184860034,"repostType":4,"repost":{"id":"1184860034","kind":"news","pubTimestamp":1626079090,"share":"https://www.laohu8.com/m/news/1184860034?lang=zh_CN&edition=full","pubTime":"2021-07-12 16:38","market":"us","language":"en","title":"Will Zoom Video Communications Be a Trillion-Dollar Stock by 2030?<blockquote>到2030年，Zoom Video通信会成为万亿美元股票吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184860034","media":"Motley Fool","summary":"Zoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales g","content":"Zoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales growth and has been catapulted into global consciousness by the COVID-19 pandemic. But now more than one year removed from the start of the global health crisis, the Zoom boom is over. Already with an enterprise value (market cap minus cash and equivalents) of $110 billion (compared to less than $20 billion at the start of 2020), Zoom stock reaching $1 trillion by 2030 -- a tenfold total return, or an average compound annual growth rate of about 26% -- might seem like a longshot.<blockquote>Zoom Video通信公司（纳斯达克：ZM）刚刚经历了三位数销售增长的史诗般的一年，并因COVID-19大流行而成为全球关注的焦点。但现在距离全球健康危机开始已经过去一年多了，Zoom热潮已经结束。Zoom股票的企业价值（市值减去现金及等价物）已达到1100亿美元（2020年初不到200亿美元），到2030年将达到1万亿美元——总回报率是总回报率的十倍，即平均复合年增长率约为26%——似乎希望渺茫。</blockquote> However, Zoom is disrupting a massive global communications industry, and as a cloud software business, it has additional capabilities it could unlock that a traditional telecom business cannot. Don't write off the possibility of this stock delivering another tenfold return in the next decade.<blockquote>然而，Zoom正在颠覆一个庞大的全球通信行业，作为一家云软件业务，它可以解锁传统电信业务无法解锁的额外功能。不要忽视这只股票在未来十年再次带来十倍回报的可能性。</blockquote> Don't sweat the valuation -- look at what's at stake<blockquote>不要担心估值——看看其中的利害关系</blockquote> When it comes to valuation, Zoom carries a premium price tag in all respects. Even down 34% from all-time highs reached last autumn, shares trade for 73 times trailing-12-monthfree cash flowand 28 times expected current year sales. In fact, not only is Zoom trading for severaldecades' worth of current annual revenue, it's also valued for many multiples more than total global annual spending on video conferencing services. Various estimates expect global spend on internet-based video communications to reach $50 billion or so a year, but not until 2026.<blockquote>说到估值，Zoom在各方面都带有溢价标签。尽管较去年秋天达到的历史高点下跌了34%，但该股的交易价格是过去12个月自由现金流的73倍，是今年预期销售额的28倍。事实上，Zoom不仅交易了几个几十年按目前的年收入计算，它的价值也是全球视频会议服务年度总支出的许多倍。各种估计预计，全球在基于互联网的视频通信上的支出将达到每年500亿美元左右，但要到2026年。</blockquote> <img src=\"https://static.tigerbbs.com/e5206f407a4d7605d3e87ce0d1e9a5b2\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\">IMAGE SOURCE: GETTY IMAGES.<blockquote>图片来源：盖蒂图片社。</blockquote> When it comes to technology leaders, it's commonplace for them to be valued multiple times higher than the global annual spending on the industry they participate in. Why? For one reason, business valuations are calculated usingfuture expected profits, the expected rate of growth of said profits, and the degree of certainty with which they'll be generated. For example,Alphabethas a market cap of $1.68 trillion, even though global digital advertising (which is 80% of Google's total revenue) is expected to be $455 billion this year.<blockquote>当谈到技术领导者时，他们的估值通常比他们所参与的行业的全球年度支出高出数倍。为什么？出于一个原因，企业估值是使用未来预期利润、所述利润的预期增长率以及产生利润的确定性程度来计算的。例如，Alphabet尽管全球数字广告（占谷歌总收入的80%）预计今年将达到4550亿美元，但其市值为1.68万亿美元。</blockquote> The point is this: Don't balk at Zoom's lofty valuation just because it's already far larger than the industry it's pioneering. Besides, consider what's up for grabs here. The telecom industry soaks up $1.5 trillion a year from businesses and consumers. If Zoom cancontinue to expand on its capabilities, some of this massive market could go the way of video in the next 10 years -- and just a small fraction of $1.5 trillion will move the needle in a big way.<blockquote>关键是：不要仅仅因为Zoom的估值已经远远大于它所开创的行业，就对它的高估值犹豫不决。此外，考虑一下这里有什么可争夺的。电信行业每年从企业和消费者那里吸收1.5万亿美元。如果Zoom能够继续扩展其功能，这个巨大市场的一部分可能会在未来10年内走上视频的道路——而1.5万亿美元中的一小部分就会产生巨大的影响。</blockquote> Lots of cash now, an unimaginable amount of cash later<blockquote>现在有很多现金，以后会有难以想象的现金</blockquote> But can Zoom really execute on such an ambitious plan? After all, its core video conferencing service is slowing down as effects of the pandemic ease. Revenue growth is expected to be about 50% this year, which implies quite the cool-off from the 191% growth rate notched in the first quarter of fiscal 2022.<blockquote>但Zoom真的能执行如此雄心勃勃的计划吗？毕竟，随着疫情影响的缓解，其核心视频会议服务正在放缓。预计今年收入增长约为50%，这意味着较2022财年第一季度191%的增长率有所降温。</blockquote> But remember that Zoom doesn't fit within the definitional confines of a communications service. This is a cloud-based software service, which means it has flexibility -- like how it recently announced the acquisition of a real-time machine-based translation start-up called Kites GmbH. It's also been promoting its Zoom Phone service for businesses to provide a more flexible telephone system than what's offered by legacy telecoms. Zoom has an incredible $4.69 billion in cash and equivalents and zero debt on balance; compare that to netdebtpositions most telecom operations have these days. Put another way, Zoom is a nimble software technologist in the driver's seat of disrupting how people stay in touch.<blockquote>但是请记住，Zoom不符合通信服务的定义范围。这是一项基于云的软件服务，这意味着它具有灵活性——就像它最近宣布收购一家名为Kites GmbH的实时机器翻译初创公司一样。它还一直在为企业推广其Zoom电话服务，以提供比传统电信公司更灵活的电话系统。Zoom拥有令人难以置信的46.9亿美元现金及等价物，且债务余额为零；将其与net进行比较债务如今大多数电信运营商都有这些职位。换句话说，Zoom是一位灵活的软件技术专家，在颠覆人们保持联系的方式。</blockquote> This trend isn't going to suddenly reverse, either. Zoom generates massive amounts of cash every quarter. Itsfree cash flowprofit margin was 47% in Q1, good for $454 million in extra cash over and above what it needed in its operations. That tiny real-time translation start-up acquisition could be just the beginning if and when Zoom decides to start flexing its muscles.<blockquote>这种趋势也不会突然逆转。Zoom每个季度都会产生大量现金。其第一季度的自由现金流利润率为47%，相当于超出运营所需的4.54亿美元额外现金。如果Zoom决定开始展示实力，收购这家小型实时翻译初创公司可能只是一个开始。</blockquote> Between a growing video conferencing market, a massive telecom industry getting upended by cloud computing, and the cash to keep the pedal to the metal, I wouldn't be at all surprised if Zoom can stoke the flames of about 26% a year annual average growth through 2030. Zoom as a $1 trillion business simply isn't all that far-fetched an idea in a post-COVID-19 world.<blockquote>在不断增长的视频会议市场、被云计算颠覆的庞大电信行业以及保持踏板运转的现金之间，如果Zoom能够以每年约26%的速度点燃火焰，我一点也不会感到惊讶到2030年。在后新冠肺炎时代，Zoom作为一项价值1万亿美元的业务并不是一个牵强的想法。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will Zoom Video Communications Be a Trillion-Dollar Stock by 2030?<blockquote>到2030年，Zoom Video通信会成为万亿美元股票吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill Zoom Video Communications Be a Trillion-Dollar Stock by 2030?<blockquote>到2030年，Zoom Video通信会成为万亿美元股票吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-07-12 16:38\n\n</h4>\n</header>\n<article>\nZoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales growth and has been catapulted into global consciousness by the COVID-19 pandemic. But now more than one year removed from the start of the global health crisis, the Zoom boom is over. Already with an enterprise value (market cap minus cash and equivalents) of $110 billion (compared to less than $20 billion at the start of 2020), Zoom stock reaching $1 trillion by 2030 -- a tenfold total return, or an average compound annual growth rate of about 26% -- might seem like a longshot.<blockquote>Zoom Video通信公司（纳斯达克：ZM）刚刚经历了三位数销售增长的史诗般的一年，并因COVID-19大流行而成为全球关注的焦点。但现在距离全球健康危机开始已经过去一年多了，Zoom热潮已经结束。Zoom股票的企业价值（市值减去现金及等价物）已达到1100亿美元（2020年初不到200亿美元），到2030年将达到1万亿美元——总回报率是总回报率的十倍，即平均复合年增长率约为26%——似乎希望渺茫。</blockquote> However, Zoom is disrupting a massive global communications industry, and as a cloud software business, it has additional capabilities it could unlock that a traditional telecom business cannot. Don't write off the possibility of this stock delivering another tenfold return in the next decade.<blockquote>然而，Zoom正在颠覆一个庞大的全球通信行业，作为一家云软件业务，它可以解锁传统电信业务无法解锁的额外功能。不要忽视这只股票在未来十年再次带来十倍回报的可能性。</blockquote> Don't sweat the valuation -- look at what's at stake<blockquote>不要担心估值——看看其中的利害关系</blockquote> When it comes to valuation, Zoom carries a premium price tag in all respects. Even down 34% from all-time highs reached last autumn, shares trade for 73 times trailing-12-monthfree cash flowand 28 times expected current year sales. In fact, not only is Zoom trading for severaldecades' worth of current annual revenue, it's also valued for many multiples more than total global annual spending on video conferencing services. Various estimates expect global spend on internet-based video communications to reach $50 billion or so a year, but not until 2026.<blockquote>说到估值，Zoom在各方面都带有溢价标签。尽管较去年秋天达到的历史高点下跌了34%，但该股的交易价格是过去12个月自由现金流的73倍，是今年预期销售额的28倍。事实上，Zoom不仅交易了几个几十年按目前的年收入计算，它的价值也是全球视频会议服务年度总支出的许多倍。各种估计预计，全球在基于互联网的视频通信上的支出将达到每年500亿美元左右，但要到2026年。</blockquote> <img src=\"https://static.tigerbbs.com/e5206f407a4d7605d3e87ce0d1e9a5b2\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\">IMAGE SOURCE: GETTY IMAGES.<blockquote>图片来源：盖蒂图片社。</blockquote> When it comes to technology leaders, it's commonplace for them to be valued multiple times higher than the global annual spending on the industry they participate in. Why? For one reason, business valuations are calculated usingfuture expected profits, the expected rate of growth of said profits, and the degree of certainty with which they'll be generated. For example,Alphabethas a market cap of $1.68 trillion, even though global digital advertising (which is 80% of Google's total revenue) is expected to be $455 billion this year.<blockquote>当谈到技术领导者时，他们的估值通常比他们所参与的行业的全球年度支出高出数倍。为什么？出于一个原因，企业估值是使用未来预期利润、所述利润的预期增长率以及产生利润的确定性程度来计算的。例如，Alphabet尽管全球数字广告（占谷歌总收入的80%）预计今年将达到4550亿美元，但其市值为1.68万亿美元。</blockquote> The point is this: Don't balk at Zoom's lofty valuation just because it's already far larger than the industry it's pioneering. Besides, consider what's up for grabs here. The telecom industry soaks up $1.5 trillion a year from businesses and consumers. If Zoom cancontinue to expand on its capabilities, some of this massive market could go the way of video in the next 10 years -- and just a small fraction of $1.5 trillion will move the needle in a big way.<blockquote>关键是：不要仅仅因为Zoom的估值已经远远大于它所开创的行业，就对它的高估值犹豫不决。此外，考虑一下这里有什么可争夺的。电信行业每年从企业和消费者那里吸收1.5万亿美元。如果Zoom能够继续扩展其功能，这个巨大市场的一部分可能会在未来10年内走上视频的道路——而1.5万亿美元中的一小部分就会产生巨大的影响。</blockquote> Lots of cash now, an unimaginable amount of cash later<blockquote>现在有很多现金，以后会有难以想象的现金</blockquote> But can Zoom really execute on such an ambitious plan? After all, its core video conferencing service is slowing down as effects of the pandemic ease. Revenue growth is expected to be about 50% this year, which implies quite the cool-off from the 191% growth rate notched in the first quarter of fiscal 2022.<blockquote>但Zoom真的能执行如此雄心勃勃的计划吗？毕竟，随着疫情影响的缓解，其核心视频会议服务正在放缓。预计今年收入增长约为50%，这意味着较2022财年第一季度191%的增长率有所降温。</blockquote> But remember that Zoom doesn't fit within the definitional confines of a communications service. This is a cloud-based software service, which means it has flexibility -- like how it recently announced the acquisition of a real-time machine-based translation start-up called Kites GmbH. It's also been promoting its Zoom Phone service for businesses to provide a more flexible telephone system than what's offered by legacy telecoms. Zoom has an incredible $4.69 billion in cash and equivalents and zero debt on balance; compare that to netdebtpositions most telecom operations have these days. Put another way, Zoom is a nimble software technologist in the driver's seat of disrupting how people stay in touch.<blockquote>但是请记住，Zoom不符合通信服务的定义范围。这是一项基于云的软件服务，这意味着它具有灵活性——就像它最近宣布收购一家名为Kites GmbH的实时机器翻译初创公司一样。它还一直在为企业推广其Zoom电话服务，以提供比传统电信公司更灵活的电话系统。Zoom拥有令人难以置信的46.9亿美元现金及等价物，且债务余额为零；将其与net进行比较债务如今大多数电信运营商都有这些职位。换句话说，Zoom是一位灵活的软件技术专家，在颠覆人们保持联系的方式。</blockquote> This trend isn't going to suddenly reverse, either. Zoom generates massive amounts of cash every quarter. Itsfree cash flowprofit margin was 47% in Q1, good for $454 million in extra cash over and above what it needed in its operations. That tiny real-time translation start-up acquisition could be just the beginning if and when Zoom decides to start flexing its muscles.<blockquote>这种趋势也不会突然逆转。Zoom每个季度都会产生大量现金。其第一季度的自由现金流利润率为47%，相当于超出运营所需的4.54亿美元额外现金。如果Zoom决定开始展示实力，收购这家小型实时翻译初创公司可能只是一个开始。</blockquote> Between a growing video conferencing market, a massive telecom industry getting upended by cloud computing, and the cash to keep the pedal to the metal, I wouldn't be at all surprised if Zoom can stoke the flames of about 26% a year annual average growth through 2030. Zoom as a $1 trillion business simply isn't all that far-fetched an idea in a post-COVID-19 world.<blockquote>在不断增长的视频会议市场、被云计算颠覆的庞大电信行业以及保持踏板运转的现金之间，如果Zoom能够以每年约26%的速度点燃火焰，我一点也不会感到惊讶到2030年。在后新冠肺炎时代，Zoom作为一项价值1万亿美元的业务并不是一个牵强的想法。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/07/11/zoom-video-trillion-dollar-stock-2030/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom"},"source_url":"https://www.fool.com/investing/2021/07/11/zoom-video-trillion-dollar-stock-2030/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184860034","content_text":"Zoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales growth and has been catapulted into global consciousness by the COVID-19 pandemic. But now more than one year removed from the start of the global health crisis, the Zoom boom is over. Already with an enterprise value (market cap minus cash and equivalents) of $110 billion (compared to less than $20 billion at the start of 2020), Zoom stock reaching $1 trillion by 2030 -- a tenfold total return, or an average compound annual growth rate of about 26% -- might seem like a longshot.\nHowever, Zoom is disrupting a massive global communications industry, and as a cloud software business, it has additional capabilities it could unlock that a traditional telecom business cannot. Don't write off the possibility of this stock delivering another tenfold return in the next decade.\nDon't sweat the valuation -- look at what's at stake\nWhen it comes to valuation, Zoom carries a premium price tag in all respects. Even down 34% from all-time highs reached last autumn, shares trade for 73 times trailing-12-monthfree cash flowand 28 times expected current year sales. In fact, not only is Zoom trading for severaldecades' worth of current annual revenue, it's also valued for many multiples more than total global annual spending on video conferencing services. Various estimates expect global spend on internet-based video communications to reach $50 billion or so a year, but not until 2026.\nIMAGE SOURCE: GETTY IMAGES.\nWhen it comes to technology leaders, it's commonplace for them to be valued multiple times higher than the global annual spending on the industry they participate in. Why? For one reason, business valuations are calculated usingfuture expected profits, the expected rate of growth of said profits, and the degree of certainty with which they'll be generated. For example,Alphabethas a market cap of $1.68 trillion, even though global digital advertising (which is 80% of Google's total revenue) is expected to be $455 billion this year.\nThe point is this: Don't balk at Zoom's lofty valuation just because it's already far larger than the industry it's pioneering. Besides, consider what's up for grabs here. The telecom industry soaks up $1.5 trillion a year from businesses and consumers. If Zoom cancontinue to expand on its capabilities, some of this massive market could go the way of video in the next 10 years -- and just a small fraction of $1.5 trillion will move the needle in a big way.\nLots of cash now, an unimaginable amount of cash later\nBut can Zoom really execute on such an ambitious plan? After all, its core video conferencing service is slowing down as effects of the pandemic ease. Revenue growth is expected to be about 50% this year, which implies quite the cool-off from the 191% growth rate notched in the first quarter of fiscal 2022.\nBut remember that Zoom doesn't fit within the definitional confines of a communications service. This is a cloud-based software service, which means it has flexibility -- like how it recently announced the acquisition of a real-time machine-based translation start-up called Kites GmbH. It's also been promoting its Zoom Phone service for businesses to provide a more flexible telephone system than what's offered by legacy telecoms. Zoom has an incredible $4.69 billion in cash and equivalents and zero debt on balance; compare that to netdebtpositions most telecom operations have these days. Put another way, Zoom is a nimble software technologist in the driver's seat of disrupting how people stay in touch.\nThis trend isn't going to suddenly reverse, either. Zoom generates massive amounts of cash every quarter. Itsfree cash flowprofit margin was 47% in Q1, good for $454 million in extra cash over and above what it needed in its operations. That tiny real-time translation start-up acquisition could be just the beginning if and when Zoom decides to start flexing its muscles.\nBetween a growing video conferencing market, a massive telecom industry getting upended by cloud computing, and the cash to keep the pedal to the metal, I wouldn't be at all surprised if Zoom can stoke the flames of about 26% a year annual average growth through 2030. Zoom as a $1 trillion business simply isn't all that far-fetched an idea in a post-COVID-19 world.","news_type":1,"symbols_score_info":{"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":146281217,"gmtCreate":1626082830039,"gmtModify":1631883958119,"author":{"id":"3581563418944392","authorId":"3581563418944392","name":"Andrewinho","avatar":"https://static.tigerbbs.com/3127e2bc40ab23064a5187a00a63e19b","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3581563418944392","authorIdStr":"3581563418944392"},"htmlText":"Zoom zoom zoom!!! 👏👏👏","listText":"Zoom zoom zoom!!! 👏👏👏","text":"Zoom zoom zoom!!! 👏👏👏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/146281217","repostId":1184860034,"repostType":4,"repost":{"id":"1184860034","kind":"news","pubTimestamp":1626079090,"share":"https://www.laohu8.com/m/news/1184860034?lang=zh_CN&edition=full","pubTime":"2021-07-12 16:38","market":"us","language":"en","title":"Will Zoom Video Communications Be a Trillion-Dollar Stock by 2030?<blockquote>到2030年，Zoom Video通信会成为万亿美元股票吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184860034","media":"Motley Fool","summary":"Zoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales g","content":"Zoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales growth and has been catapulted into global consciousness by the COVID-19 pandemic. But now more than one year removed from the start of the global health crisis, the Zoom boom is over. Already with an enterprise value (market cap minus cash and equivalents) of $110 billion (compared to less than $20 billion at the start of 2020), Zoom stock reaching $1 trillion by 2030 -- a tenfold total return, or an average compound annual growth rate of about 26% -- might seem like a longshot.<blockquote>Zoom Video通信公司（纳斯达克：ZM）刚刚经历了三位数销售增长的史诗般的一年，并因COVID-19大流行而成为全球关注的焦点。但现在距离全球健康危机开始已经过去一年多了，Zoom热潮已经结束。Zoom股票的企业价值（市值减去现金及等价物）已达到1100亿美元（2020年初不到200亿美元），到2030年将达到1万亿美元——总回报率是总回报率的十倍，即平均复合年增长率约为26%——似乎希望渺茫。</blockquote> However, Zoom is disrupting a massive global communications industry, and as a cloud software business, it has additional capabilities it could unlock that a traditional telecom business cannot. Don't write off the possibility of this stock delivering another tenfold return in the next decade.<blockquote>然而，Zoom正在颠覆一个庞大的全球通信行业，作为一家云软件业务，它可以解锁传统电信业务无法解锁的额外功能。不要忽视这只股票在未来十年再次带来十倍回报的可能性。</blockquote> Don't sweat the valuation -- look at what's at stake<blockquote>不要担心估值——看看其中的利害关系</blockquote> When it comes to valuation, Zoom carries a premium price tag in all respects. Even down 34% from all-time highs reached last autumn, shares trade for 73 times trailing-12-monthfree cash flowand 28 times expected current year sales. In fact, not only is Zoom trading for severaldecades' worth of current annual revenue, it's also valued for many multiples more than total global annual spending on video conferencing services. Various estimates expect global spend on internet-based video communications to reach $50 billion or so a year, but not until 2026.<blockquote>说到估值，Zoom在各方面都带有溢价标签。尽管较去年秋天达到的历史高点下跌了34%，但该股的交易价格是过去12个月自由现金流的73倍，是今年预期销售额的28倍。事实上，Zoom不仅交易了几个几十年按目前的年收入计算，它的价值也是全球视频会议服务年度总支出的许多倍。各种估计预计，全球在基于互联网的视频通信上的支出将达到每年500亿美元左右，但要到2026年。</blockquote> <img src=\"https://static.tigerbbs.com/e5206f407a4d7605d3e87ce0d1e9a5b2\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\">IMAGE SOURCE: GETTY IMAGES.<blockquote>图片来源：盖蒂图片社。</blockquote> When it comes to technology leaders, it's commonplace for them to be valued multiple times higher than the global annual spending on the industry they participate in. Why? For one reason, business valuations are calculated usingfuture expected profits, the expected rate of growth of said profits, and the degree of certainty with which they'll be generated. For example,Alphabethas a market cap of $1.68 trillion, even though global digital advertising (which is 80% of Google's total revenue) is expected to be $455 billion this year.<blockquote>当谈到技术领导者时，他们的估值通常比他们所参与的行业的全球年度支出高出数倍。为什么？出于一个原因，企业估值是使用未来预期利润、所述利润的预期增长率以及产生利润的确定性程度来计算的。例如，Alphabet尽管全球数字广告（占谷歌总收入的80%）预计今年将达到4550亿美元，但其市值为1.68万亿美元。</blockquote> The point is this: Don't balk at Zoom's lofty valuation just because it's already far larger than the industry it's pioneering. Besides, consider what's up for grabs here. The telecom industry soaks up $1.5 trillion a year from businesses and consumers. If Zoom cancontinue to expand on its capabilities, some of this massive market could go the way of video in the next 10 years -- and just a small fraction of $1.5 trillion will move the needle in a big way.<blockquote>关键是：不要仅仅因为Zoom的估值已经远远大于它所开创的行业，就对它的高估值犹豫不决。此外，考虑一下这里有什么可争夺的。电信行业每年从企业和消费者那里吸收1.5万亿美元。如果Zoom能够继续扩展其功能，这个巨大市场的一部分可能会在未来10年内走上视频的道路——而1.5万亿美元中的一小部分就会产生巨大的影响。</blockquote> Lots of cash now, an unimaginable amount of cash later<blockquote>现在有很多现金，以后会有难以想象的现金</blockquote> But can Zoom really execute on such an ambitious plan? After all, its core video conferencing service is slowing down as effects of the pandemic ease. Revenue growth is expected to be about 50% this year, which implies quite the cool-off from the 191% growth rate notched in the first quarter of fiscal 2022.<blockquote>但Zoom真的能执行如此雄心勃勃的计划吗？毕竟，随着疫情影响的缓解，其核心视频会议服务正在放缓。预计今年收入增长约为50%，这意味着较2022财年第一季度191%的增长率有所降温。</blockquote> But remember that Zoom doesn't fit within the definitional confines of a communications service. This is a cloud-based software service, which means it has flexibility -- like how it recently announced the acquisition of a real-time machine-based translation start-up called Kites GmbH. It's also been promoting its Zoom Phone service for businesses to provide a more flexible telephone system than what's offered by legacy telecoms. Zoom has an incredible $4.69 billion in cash and equivalents and zero debt on balance; compare that to netdebtpositions most telecom operations have these days. Put another way, Zoom is a nimble software technologist in the driver's seat of disrupting how people stay in touch.<blockquote>但是请记住，Zoom不符合通信服务的定义范围。这是一项基于云的软件服务，这意味着它具有灵活性——就像它最近宣布收购一家名为Kites GmbH的实时机器翻译初创公司一样。它还一直在为企业推广其Zoom电话服务，以提供比传统电信公司更灵活的电话系统。Zoom拥有令人难以置信的46.9亿美元现金及等价物，且债务余额为零；将其与net进行比较债务如今大多数电信运营商都有这些职位。换句话说，Zoom是一位灵活的软件技术专家，在颠覆人们保持联系的方式。</blockquote> This trend isn't going to suddenly reverse, either. Zoom generates massive amounts of cash every quarter. Itsfree cash flowprofit margin was 47% in Q1, good for $454 million in extra cash over and above what it needed in its operations. That tiny real-time translation start-up acquisition could be just the beginning if and when Zoom decides to start flexing its muscles.<blockquote>这种趋势也不会突然逆转。Zoom每个季度都会产生大量现金。其第一季度的自由现金流利润率为47%，相当于超出运营所需的4.54亿美元额外现金。如果Zoom决定开始展示实力，收购这家小型实时翻译初创公司可能只是一个开始。</blockquote> Between a growing video conferencing market, a massive telecom industry getting upended by cloud computing, and the cash to keep the pedal to the metal, I wouldn't be at all surprised if Zoom can stoke the flames of about 26% a year annual average growth through 2030. Zoom as a $1 trillion business simply isn't all that far-fetched an idea in a post-COVID-19 world.<blockquote>在不断增长的视频会议市场、被云计算颠覆的庞大电信行业以及保持踏板运转的现金之间，如果Zoom能够以每年约26%的速度点燃火焰，我一点也不会感到惊讶到2030年。在后新冠肺炎时代，Zoom作为一项价值1万亿美元的业务并不是一个牵强的想法。</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will Zoom Video Communications Be a Trillion-Dollar Stock by 2030?<blockquote>到2030年，Zoom Video通信会成为万亿美元股票吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill Zoom Video Communications Be a Trillion-Dollar Stock by 2030?<blockquote>到2030年，Zoom Video通信会成为万亿美元股票吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nMotley Fool2021-07-12 16:38\n\n</h4>\n</header>\n<article>\nZoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales growth and has been catapulted into global consciousness by the COVID-19 pandemic. But now more than one year removed from the start of the global health crisis, the Zoom boom is over. Already with an enterprise value (market cap minus cash and equivalents) of $110 billion (compared to less than $20 billion at the start of 2020), Zoom stock reaching $1 trillion by 2030 -- a tenfold total return, or an average compound annual growth rate of about 26% -- might seem like a longshot.<blockquote>Zoom Video通信公司（纳斯达克：ZM）刚刚经历了三位数销售增长的史诗般的一年，并因COVID-19大流行而成为全球关注的焦点。但现在距离全球健康危机开始已经过去一年多了，Zoom热潮已经结束。Zoom股票的企业价值（市值减去现金及等价物）已达到1100亿美元（2020年初不到200亿美元），到2030年将达到1万亿美元——总回报率是总回报率的十倍，即平均复合年增长率约为26%——似乎希望渺茫。</blockquote> However, Zoom is disrupting a massive global communications industry, and as a cloud software business, it has additional capabilities it could unlock that a traditional telecom business cannot. Don't write off the possibility of this stock delivering another tenfold return in the next decade.<blockquote>然而，Zoom正在颠覆一个庞大的全球通信行业，作为一家云软件业务，它可以解锁传统电信业务无法解锁的额外功能。不要忽视这只股票在未来十年再次带来十倍回报的可能性。</blockquote> Don't sweat the valuation -- look at what's at stake<blockquote>不要担心估值——看看其中的利害关系</blockquote> When it comes to valuation, Zoom carries a premium price tag in all respects. Even down 34% from all-time highs reached last autumn, shares trade for 73 times trailing-12-monthfree cash flowand 28 times expected current year sales. In fact, not only is Zoom trading for severaldecades' worth of current annual revenue, it's also valued for many multiples more than total global annual spending on video conferencing services. Various estimates expect global spend on internet-based video communications to reach $50 billion or so a year, but not until 2026.<blockquote>说到估值，Zoom在各方面都带有溢价标签。尽管较去年秋天达到的历史高点下跌了34%，但该股的交易价格是过去12个月自由现金流的73倍，是今年预期销售额的28倍。事实上，Zoom不仅交易了几个几十年按目前的年收入计算，它的价值也是全球视频会议服务年度总支出的许多倍。各种估计预计，全球在基于互联网的视频通信上的支出将达到每年500亿美元左右，但要到2026年。</blockquote> <img src=\"https://static.tigerbbs.com/e5206f407a4d7605d3e87ce0d1e9a5b2\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\">IMAGE SOURCE: GETTY IMAGES.<blockquote>图片来源：盖蒂图片社。</blockquote> When it comes to technology leaders, it's commonplace for them to be valued multiple times higher than the global annual spending on the industry they participate in. Why? For one reason, business valuations are calculated usingfuture expected profits, the expected rate of growth of said profits, and the degree of certainty with which they'll be generated. For example,Alphabethas a market cap of $1.68 trillion, even though global digital advertising (which is 80% of Google's total revenue) is expected to be $455 billion this year.<blockquote>当谈到技术领导者时，他们的估值通常比他们所参与的行业的全球年度支出高出数倍。为什么？出于一个原因，企业估值是使用未来预期利润、所述利润的预期增长率以及产生利润的确定性程度来计算的。例如，Alphabet尽管全球数字广告（占谷歌总收入的80%）预计今年将达到4550亿美元，但其市值为1.68万亿美元。</blockquote> The point is this: Don't balk at Zoom's lofty valuation just because it's already far larger than the industry it's pioneering. Besides, consider what's up for grabs here. The telecom industry soaks up $1.5 trillion a year from businesses and consumers. If Zoom cancontinue to expand on its capabilities, some of this massive market could go the way of video in the next 10 years -- and just a small fraction of $1.5 trillion will move the needle in a big way.<blockquote>关键是：不要仅仅因为Zoom的估值已经远远大于它所开创的行业，就对它的高估值犹豫不决。此外，考虑一下这里有什么可争夺的。电信行业每年从企业和消费者那里吸收1.5万亿美元。如果Zoom能够继续扩展其功能，这个巨大市场的一部分可能会在未来10年内走上视频的道路——而1.5万亿美元中的一小部分就会产生巨大的影响。</blockquote> Lots of cash now, an unimaginable amount of cash later<blockquote>现在有很多现金，以后会有难以想象的现金</blockquote> But can Zoom really execute on such an ambitious plan? After all, its core video conferencing service is slowing down as effects of the pandemic ease. Revenue growth is expected to be about 50% this year, which implies quite the cool-off from the 191% growth rate notched in the first quarter of fiscal 2022.<blockquote>但Zoom真的能执行如此雄心勃勃的计划吗？毕竟，随着疫情影响的缓解，其核心视频会议服务正在放缓。预计今年收入增长约为50%，这意味着较2022财年第一季度191%的增长率有所降温。</blockquote> But remember that Zoom doesn't fit within the definitional confines of a communications service. This is a cloud-based software service, which means it has flexibility -- like how it recently announced the acquisition of a real-time machine-based translation start-up called Kites GmbH. It's also been promoting its Zoom Phone service for businesses to provide a more flexible telephone system than what's offered by legacy telecoms. Zoom has an incredible $4.69 billion in cash and equivalents and zero debt on balance; compare that to netdebtpositions most telecom operations have these days. Put another way, Zoom is a nimble software technologist in the driver's seat of disrupting how people stay in touch.<blockquote>但是请记住，Zoom不符合通信服务的定义范围。这是一项基于云的软件服务，这意味着它具有灵活性——就像它最近宣布收购一家名为Kites GmbH的实时机器翻译初创公司一样。它还一直在为企业推广其Zoom电话服务，以提供比传统电信公司更灵活的电话系统。Zoom拥有令人难以置信的46.9亿美元现金及等价物，且债务余额为零；将其与net进行比较债务如今大多数电信运营商都有这些职位。换句话说，Zoom是一位灵活的软件技术专家，在颠覆人们保持联系的方式。</blockquote> This trend isn't going to suddenly reverse, either. Zoom generates massive amounts of cash every quarter. Itsfree cash flowprofit margin was 47% in Q1, good for $454 million in extra cash over and above what it needed in its operations. That tiny real-time translation start-up acquisition could be just the beginning if and when Zoom decides to start flexing its muscles.<blockquote>这种趋势也不会突然逆转。Zoom每个季度都会产生大量现金。其第一季度的自由现金流利润率为47%，相当于超出运营所需的4.54亿美元额外现金。如果Zoom决定开始展示实力，收购这家小型实时翻译初创公司可能只是一个开始。</blockquote> Between a growing video conferencing market, a massive telecom industry getting upended by cloud computing, and the cash to keep the pedal to the metal, I wouldn't be at all surprised if Zoom can stoke the flames of about 26% a year annual average growth through 2030. Zoom as a $1 trillion business simply isn't all that far-fetched an idea in a post-COVID-19 world.<blockquote>在不断增长的视频会议市场、被云计算颠覆的庞大电信行业以及保持踏板运转的现金之间，如果Zoom能够以每年约26%的速度点燃火焰，我一点也不会感到惊讶到2030年。在后新冠肺炎时代，Zoom作为一项价值1万亿美元的业务并不是一个牵强的想法。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.fool.com/investing/2021/07/11/zoom-video-trillion-dollar-stock-2030/\">Motley Fool</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom"},"source_url":"https://www.fool.com/investing/2021/07/11/zoom-video-trillion-dollar-stock-2030/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184860034","content_text":"Zoom Video Communications(NASDAQ:ZM)is coming off of an epic year of triple-digit-percentage sales growth and has been catapulted into global consciousness by the COVID-19 pandemic. But now more than one year removed from the start of the global health crisis, the Zoom boom is over. Already with an enterprise value (market cap minus cash and equivalents) of $110 billion (compared to less than $20 billion at the start of 2020), Zoom stock reaching $1 trillion by 2030 -- a tenfold total return, or an average compound annual growth rate of about 26% -- might seem like a longshot.\nHowever, Zoom is disrupting a massive global communications industry, and as a cloud software business, it has additional capabilities it could unlock that a traditional telecom business cannot. Don't write off the possibility of this stock delivering another tenfold return in the next decade.\nDon't sweat the valuation -- look at what's at stake\nWhen it comes to valuation, Zoom carries a premium price tag in all respects. Even down 34% from all-time highs reached last autumn, shares trade for 73 times trailing-12-monthfree cash flowand 28 times expected current year sales. In fact, not only is Zoom trading for severaldecades' worth of current annual revenue, it's also valued for many multiples more than total global annual spending on video conferencing services. Various estimates expect global spend on internet-based video communications to reach $50 billion or so a year, but not until 2026.\nIMAGE SOURCE: GETTY IMAGES.\nWhen it comes to technology leaders, it's commonplace for them to be valued multiple times higher than the global annual spending on the industry they participate in. Why? For one reason, business valuations are calculated usingfuture expected profits, the expected rate of growth of said profits, and the degree of certainty with which they'll be generated. For example,Alphabethas a market cap of $1.68 trillion, even though global digital advertising (which is 80% of Google's total revenue) is expected to be $455 billion this year.\nThe point is this: Don't balk at Zoom's lofty valuation just because it's already far larger than the industry it's pioneering. Besides, consider what's up for grabs here. The telecom industry soaks up $1.5 trillion a year from businesses and consumers. If Zoom cancontinue to expand on its capabilities, some of this massive market could go the way of video in the next 10 years -- and just a small fraction of $1.5 trillion will move the needle in a big way.\nLots of cash now, an unimaginable amount of cash later\nBut can Zoom really execute on such an ambitious plan? After all, its core video conferencing service is slowing down as effects of the pandemic ease. Revenue growth is expected to be about 50% this year, which implies quite the cool-off from the 191% growth rate notched in the first quarter of fiscal 2022.\nBut remember that Zoom doesn't fit within the definitional confines of a communications service. This is a cloud-based software service, which means it has flexibility -- like how it recently announced the acquisition of a real-time machine-based translation start-up called Kites GmbH. It's also been promoting its Zoom Phone service for businesses to provide a more flexible telephone system than what's offered by legacy telecoms. Zoom has an incredible $4.69 billion in cash and equivalents and zero debt on balance; compare that to netdebtpositions most telecom operations have these days. Put another way, Zoom is a nimble software technologist in the driver's seat of disrupting how people stay in touch.\nThis trend isn't going to suddenly reverse, either. Zoom generates massive amounts of cash every quarter. Itsfree cash flowprofit margin was 47% in Q1, good for $454 million in extra cash over and above what it needed in its operations. That tiny real-time translation start-up acquisition could be just the beginning if and when Zoom decides to start flexing its muscles.\nBetween a growing video conferencing market, a massive telecom industry getting upended by cloud computing, and the cash to keep the pedal to the metal, I wouldn't be at all surprised if Zoom can stoke the flames of about 26% a year annual average growth through 2030. Zoom as a $1 trillion business simply isn't all that far-fetched an idea in a post-COVID-19 world.","news_type":1,"symbols_score_info":{"ZM":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":69,"commentSize":12,"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,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","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/1184860034","isCrawlerRequest":true}