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 4,954,724 - -
Change - 1.49% 9.25% 29.98% 9.46% 30.69% - -
Enterprise Value (EV) 1 2,337,193 2,389,857 2,613,531 3,413,329 3,757,363 4,888,721 4,851,390 4,818,748
Change - 2.25% 9.36% 30.6% 10.08% 30.11% -0.76% -0.67%
P/E 25.9x 24.8x 27.8x 37.5x 34.2x 39x 36x 31.8x
PBR 37.9x 47.8x 42.6x 60.5x 51.2x 49.6x 36.5x 24x
PEG - 2.78x 84.93x -45.98x 1.5x 2.1x 4.27x 2.4x
Capitalization / Revenue 6.57x 6.18x 6.95x 8.86x 9.11x 10.4x 9.4x 8.66x
EV / Revenue 6.39x 6.06x 6.82x 8.73x 9.03x 10.2x 9.2x 8.42x
EV / EBITDA 19.4x 18.3x 20.8x 25.3x 26x 28.8x 27x 24.2x
EV / EBIT 21.5x 20x 22.9x 27.7x 28.2x 31.3x 29.1x 25.9x
EV / FCF 25.1x 21.4x 26.2x 31.4x 38x 34.1x 31.8x 28.4x
FCF Yield 3.98% 4.66% 3.81% 3.19% 2.63% 2.93% 3.15% 3.52%
Dividend per Share 2 0.85 0.9 0.94 0.98 1.02 1.069 1.114 1.169
Rate of return 0.58% 0.59% 0.55% 0.43% 0.4% 0.31% 0.32% 0.34%
EPS 2 5.61 6.11 6.13 6.08 7.46 8.82 9.563 10.81
Distribution rate 15.2% 14.7% 15.3% 16.1% 13.7% 12.1% 11.7% 10.8%
Net sales 1 365,817 394,328 383,285 391,035 416,161 477,621 527,258 572,157
EBITDA 1 120,233 130,541 125,820 134,661 144,495 169,461 179,915 198,922
EBIT 1 108,949 119,437 114,301 123,216 133,050 156,398 166,619 186,347
Net income 1 94,680 99,803 96,995 93,736 112,010 129,945 138,809 154,591
Net Debt 1 -65,797 -49,040 -51,011 -50,021 -33,763 -66,003 -103,335 -135,976
Reference price 2 145.37 151.76 170.43 227.79 255.46 343.99 343.99 343.99
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 28/10/21 27/10/22 02/11/23 31/10/24 30/10/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
38.49x10.24x28.85x0.31% 4,955B
4.43x1.51x2.51x5.81% 1,018B
23.59x1.07x12.79x-.--% 88.73B
19.61x0.8x12.24x2.32% 10.1B
5.28x0.5x1.52x1.29% 2.34B
-18.66x339.78x-25.3x - 1.62B
Average 12.12x 58.98x 5.43x 1.95% 1,013B
Weighted average by Cap. 32.51x 8.71x 24.15x 1.24%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Apple Inc.

Historical PBR trend

Valuation ratios - PBR - Apple Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Apple Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Apple Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Apple Inc.