Company Valuation: Apple Inc.

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 4,894,708 - -
Change - 1.49% 9.25% 29.98% 9.46% 29.11% - -
Enterprise Value (EV) 1 2,337,193 2,389,857 2,613,531 3,413,329 3,757,363 4,824,301 4,795,078 4,753,907
Change - 2.25% 9.36% 30.6% 10.08% 28.4% -0.61% -0.86%
P/E 25.9x 24.8x 27.8x 37.5x 34.2x 38x 34.3x 30.4x
PBR 37.9x 47.8x 42.6x 60.5x 51.2x 46.3x 33.5x 21.5x
PEG - 2.78x 84.93x -45.98x 1.5x 2.2x 3.2x 2.4x
Capitalization / Revenue 6.57x 6.18x 6.95x 8.86x 9.11x 10.2x 9.36x 8.68x
EV / Revenue 6.39x 6.06x 6.82x 8.73x 9.03x 10.1x 9.17x 8.43x
EV / EBITDA 19.4x 18.3x 20.8x 25.3x 26x 28.6x 26.2x 23.6x
EV / EBIT 21.5x 20x 22.9x 27.7x 28.2x 31x 28.5x 25.4x
EV / FCF 25.1x 21.4x 26.2x 31.4x 38x 34.2x 31.3x 28.4x
FCF Yield 3.98% 4.66% 3.81% 3.19% 2.63% 2.92% 3.19% 3.52%
Dividend per Share 2 0.85 0.9 0.94 0.98 1.02 1.071 1.118 1.17
Rate of return 0.58% 0.59% 0.55% 0.43% 0.4% 0.32% 0.34% 0.35%
EPS 2 5.61 6.11 6.13 6.08 7.46 8.768 9.711 10.96
Distribution rate 15.2% 14.7% 15.3% 16.1% 13.7% 12.2% 11.5% 10.7%
Net sales 1 365,817 394,328 383,285 391,035 416,161 478,715 522,950 563,986
EBITDA 1 120,233 130,541 125,820 134,661 144,495 168,783 183,170 201,162
EBIT 1 108,949 119,437 114,301 123,216 133,050 155,517 168,022 186,939
Net income 1 94,680 99,803 96,995 93,736 112,010 128,962 140,216 155,542
Net Debt 1 -65,797 -49,040 -51,011 -50,021 -33,763 -70,407 -99,630 -140,801
Reference price 2 145.37 151.76 170.43 227.79 255.46 333.26 333.26 333.26
Nbr of stocks (in thousands) 16,530,166 16,070,752 15,634,232 15,204,137 14,840,390 14,687,356 - -
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.($)
23.73x0.97x11.96x-.--% 90.14B
23.12x0.9x16.67x2.27% 11.12B
7.97x1.6x2.9x0.86% 3.4B
Average 18.28x 1.16x 10.51x 1.04% 34.88B
Weighted average by Cap. 23.16x 0.98x 12.17x 0.27%

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