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 4,532,959 - -
Change - 1.49% 9.25% 29.98% 9.46% 19.57% - -
Enterprise Value (EV) 1 2,337,193 2,389,857 2,613,531 3,413,329 3,757,363 4,463,075 4,436,176 4,403,708
Change - 2.25% 9.36% 30.6% 10.08% 18.78% -0.6% -0.73%
P/E 25.9x 24.8x 27.8x 37.5x 34.2x 35.2x 31.9x 28.4x
PBR 37.9x 47.8x 42.6x 60.5x 51.2x 42.8x 31.3x 20.4x
PEG - 2.78x 84.93x -45.98x 1.5x 2x 3x 2.3x
Capitalization / Revenue 6.57x 6.18x 6.95x 8.86x 9.11x 9.48x 8.71x 8.09x
EV / Revenue 6.39x 6.06x 6.82x 8.73x 9.03x 9.33x 8.52x 7.86x
EV / EBITDA 19.4x 18.3x 20.8x 25.3x 26x 26.5x 24.3x 22.1x
EV / EBIT 21.5x 20x 22.9x 27.7x 28.2x 28.7x 26.5x 23.7x
EV / FCF 25.1x 21.4x 26.2x 31.4x 38x 31.7x 28.9x 26.4x
FCF Yield 3.98% 4.66% 3.81% 3.19% 2.63% 3.15% 3.46% 3.79%
Dividend per Share 2 0.85 0.9 0.94 0.98 1.02 1.068 1.117 1.168
Rate of return 0.58% 0.59% 0.55% 0.43% 0.4% 0.35% 0.36% 0.38%
EPS 2 5.61 6.11 6.13 6.08 7.46 8.76 9.683 10.88
Distribution rate 15.2% 14.7% 15.3% 16.1% 13.7% 12.2% 11.5% 10.7%
Net sales 1 365,817 394,328 383,285 391,035 416,161 478,125 520,415 560,493
EBITDA 1 120,233 130,541 125,820 134,661 144,495 168,567 182,547 199,300
EBIT 1 108,949 119,437 114,301 123,216 133,050 155,398 167,666 185,494
Net income 1 94,680 99,803 96,995 93,736 112,010 128,852 139,906 154,319
Net Debt 1 -65,797 -49,040 -51,011 -50,021 -33,763 -69,884 -96,783 -129,251
Reference price 2 145.37 151.76 170.43 227.79 255.46 308.63 308.63 308.63
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.($)
18.25x0.7x8.67x-.--% 70.97B
18.35x0.76x13.05x3.2% 9.32B
7.28x1.42x2.57x0.94% 3.1B
Average 14.63x 0.96x 8.10x 1.38% 27.79B
Weighted average by Cap. 17.85x 0.73x 8.93x 0.39%

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