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 4,395,044 - -
Change - 1.49% 9.25% 29.98% 9.46% 15.93% - -
Enterprise Value (EV) 1 2,337,193 2,389,857 2,613,531 3,413,329 3,757,363 4,325,160 4,298,262 4,265,794
Change - 2.25% 9.36% 30.6% 10.08% 15.11% -0.62% -0.76%
P/E Ratio 25.9x 24.8x 27.8x 37.5x 34.2x 34.2x 31x 27.6x
PBR 37.9x 47.8x 42.6x 60.5x 51.2x 41.2x 29.8x 19.4x
PEG - 2.78x 84.93x -45.98x 1.5x 2x 3x 2.2x
Capitalization / Revenue 6.57x 6.18x 6.95x 8.86x 9.11x 9.19x 8.48x 7.88x
EV / Revenue 6.39x 6.06x 6.82x 8.73x 9.03x 9.04x 8.29x 7.64x
EV / EBITDA 19.4x 18.3x 20.8x 25.3x 26x 25.6x 23.6x 21.5x
EV / EBIT 21.5x 20x 22.9x 27.7x 28.2x 27.8x 25.7x 23.1x
EV / FCF 25.1x 21.4x 26.2x 31.4x 38x 30.9x 28x 25.6x
FCF Yield 3.98% 4.66% 3.81% 3.19% 2.63% 3.24% 3.57% 3.91%
Dividend per Share 2 0.85 0.9 0.94 0.98 1.02 1.07 1.117 1.168
Rate of return 0.58% 0.59% 0.55% 0.43% 0.4% 0.36% 0.37% 0.39%
EPS 2 5.61 6.11 6.13 6.08 7.46 8.757 9.667 10.86
Distribution rate 15.2% 14.7% 15.3% 16.1% 13.7% 12.2% 11.6% 10.8%
Net sales 1 365,817 394,328 383,285 391,035 416,161 478,293 518,463 558,083
EBITDA 1 120,233 130,541 125,820 134,661 144,495 168,742 181,996 198,361
EBIT 1 108,949 119,437 114,301 123,216 133,050 155,480 167,144 184,686
Net income 1 94,680 99,803 96,995 93,736 112,010 128,764 139,710 153,758
Net Debt 1 -65,797 -49,040 -51,011 -50,021 -33,763 -69,884 -96,783 -129,251
Reference price 2 145.37 151.76 170.43 227.79 255.46 299.24 299.24 299.24
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 28/10/21 27/10/22 02/11/23 31/10/24 30/10/25 - - -
1USD in Million2USD
Estimates

P/E Ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
22.56x0.91x11.26x-.--% 86.21B
16.36x0.72x10.13x2.35% 9.14B
7.72x1.54x2.78x0.88% 3.3B
Average 15.55x 1.06x 8.06x 1.08% 32.88B
Weighted average by Cap. 21.49x 0.91x 10.88x 0.25%

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

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