1、 2024 This research report is prepared by Equisights Research.Relevant disclosures are outlined at the end of this document.04/02/25 1Meta Platforms,Inc.(NASDAQ:META)2024 This research report is prepared by Equisights Research.Relevant disclosures are outlined at the end of this document.04/02/25 2S

2、tock Rating&Target PriceFundamental Models Used And Company DescriptionCorporate TimelineExecutive Summary of Our Perspective:Investment MeritsKey Levers Influencing Future Growth:Segment Review,Drivers,Strategy,Outlook and ChallengesAnalyzing Key Metrics(KPI):Recently Reported Earnings vis-vis Mark

3、et ExpectationsComparative Financial Statement Analysis:Reported Quarter-YoY&QoQ AnalysisEarnings Review:Corporate Timeline,Business Updates,Strategic Developments&Comparative AnalysisKey Risks&UncertaintySequential Financial Statement Analysis,Trends&Efficiency AnalysisQuarterly Key Financial Ratio

4、s and Performance MetricsHistorical Financial Statement Analysis&CAGR TrendsAnnual Financial Statement Analysis:Income Statement,Balance Sheet&CashflowEarnings/Financial Forecasts and ValuationAnnual Forecasts:Income StatementAnnual Forecasts:Cash Flow StatementsForecasted Net Debt Levels&Capital St

5、ructureDiscounted Cash Flow(DCF)Valuation A Closer Look at DCF:Our Assumptions and MethodologyTerminal Value CalculationTarget Price AnalysisMarket Valuation MultiplesScenario/Sensitivity Analysis-Base Case,Bull Case&Bear CaseRelative Valuation Analysis:Comparables Valuation for Fair ValueComparable

6、 Company Analysis&Latest Market Capitalization Peer Review&Peer Comps:Financial Data,Operational Metrics and Valuation MultiplesCalculation of Implied Price Per Share&Intrinsic ValuationOwnership Activity by ShareholdingOwnership Summary by Type Environmental,Social,&Governance(ESG)Evaluation:An Ana