Company Valuation: Apple

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,402,990 2,438,897 2,664,542 3,463,350 3,791,126 4,614,972 - -
Change - 1.49% 9.25% 29.98% 9.46% 21.73% - -
Enterprise Value (EV) 1 2,337,193 2,389,857 2,613,531 3,413,329 3,757,363 4,547,371 4,508,304 4,475,440
Change - 2.25% 9.36% 30.6% 10.08% 21.03% -0.86% -0.73%
P/E 25.9x 24.8x 27.8x 37.5x 34.2x 35.9x 33.1x 29.4x
PBR 37.9x 47.8x 42.6x 60.5x 51.2x 45.9x 32.8x 20.9x
PEG - 2.78x 84.93x -45.98x 1.5x 2x 3.87x 2.3x
Capitalization / Revenue 6.57x 6.18x 6.95x 8.86x 9.11x 9.66x 8.77x 8.12x
EV / Revenue 6.39x 6.06x 6.82x 8.73x 9.03x 9.52x 8.57x 7.87x
EV / EBITDA 19.4x 18.3x 20.8x 25.3x 26x 26.8x 25x 22.5x
EV / EBIT 21.5x 20x 22.9x 27.7x 28.2x 29.1x 27.1x 24.1x
EV / FCF 25.1x 21.4x 26.2x 31.4x 38x 31.5x 29.5x 26.5x
FCF Yield 3.98% 4.66% 3.81% 3.19% 2.63% 3.18% 3.39% 3.77%
Dividend per Share 2 0.85 0.9 0.94 0.98 1.02 1.069 1.115 1.169
Rate of return 0.58% 0.59% 0.55% 0.43% 0.4% 0.34% 0.35% 0.37%
EPS 2 5.61 6.11 6.13 6.08 7.46 8.812 9.567 10.77
Distribution rate 15.2% 14.7% 15.3% 16.1% 13.7% 12.1% 11.7% 10.9%
Net sales 1 365,817 394,328 383,285 391,035 416,161 477,707 526,347 568,674
EBITDA 1 120,233 130,541 125,820 134,661 144,495 169,534 180,421 198,703
EBIT 1 108,949 119,437 114,301 123,216 133,050 156,312 166,314 186,067
Net income 1 94,680 99,803 96,995 93,736 112,010 129,935 138,782 154,167
Net Debt 1 -65,797 -49,040 -51,011 -50,021 -33,763 -67,600 -106,668 -139,532
Reference price 2 145.37 151.76 170.43 227.79 255.46 316.22 316.22 316.22
Nbr of stocks (in thousands) 16,530,166 16,070,752 15,634,232 15,204,137 14,840,390 14,594,180 - -
Announcement Date 10/28/21 10/27/22 11/2/23 10/31/24 10/30/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.31x9.63x27.15x0.33% 4,670B
24.15x1.1x13.26x-.--% 90.28B
18.54x0.71x10.49x2.29% 9.4B
7.67x0.89x2.69x0.89% 3.38B
Average 21.67x 3.08x 13.40x 0.88% 1,193B
Weighted average by Cap. 36.02x 9.45x 26.83x 0.33%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

40% Discount: Identify Tomorrow's Best Investments With The Best Subscriber-Only Tools!
d
:
:
SEIZE THE OFFER!