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 5,004,928 - -
Change - 1.49% 9.25% 29.98% 9.46% 32.02% - -
Enterprise Value (EV) 1 2,337,193 2,389,857 2,613,531 3,413,329 3,757,363 4,938,871 4,901,428 4,868,952
Change - 2.25% 9.36% 30.6% 10.08% 31.45% -0.76% -0.66%
P/E 25.9x 24.8x 27.8x 37.5x 34.2x 38.9x 35.8x 31.7x
PBR 37.9x 47.8x 42.6x 60.5x 51.2x 49.4x 36.4x 24x
PEG - 2.78x 84.93x -45.98x 1.5x 2.1x 4.21x 2.4x
Capitalization / Revenue 6.57x 6.18x 6.95x 8.86x 9.11x 10.5x 9.48x 8.75x
EV / Revenue 6.39x 6.06x 6.82x 8.73x 9.03x 10.3x 9.28x 8.51x
EV / EBITDA 19.4x 18.3x 20.8x 25.3x 26x 29.1x 27.2x 24.5x
EV / EBIT 21.5x 20x 22.9x 27.7x 28.2x 31.6x 29.4x 26.1x
EV / FCF 25.1x 21.4x 26.2x 31.4x 38x 34.5x 32.1x 28.7x
FCF Yield 3.98% 4.66% 3.81% 3.19% 2.63% 2.9% 3.12% 3.48%
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 9.571 10.81
Distribution rate 15.2% 14.7% 15.3% 16.1% 13.7% 12.1% 11.6% 10.8%
Net sales 1 365,817 394,328 383,285 391,035 416,161 478,224 528,114 571,827
EBITDA 1 120,233 130,541 125,820 134,661 144,495 169,459 179,901 198,884
EBIT 1 108,949 119,437 114,301 123,216 133,050 156,384 166,863 186,320
Net income 1 94,680 99,803 96,995 93,736 112,010 129,941 138,997 154,569
Net Debt 1 -65,797 -49,040 -51,011 -50,021 -33,763 -66,057 -103,500 -135,976
Reference price 2 145.37 151.76 170.43 227.79 255.46 342.94 342.94 342.94
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.($)
38.94x10.34x29.19x0.31% 5,013B
4.53x1.54x2.56x5.65% 1,033B
23.28x1.05x12.58x-.--% 87.43B
16.79x0.66x10.18x2.71% 8.66B
5.81x0.59x1.78x1.17% 2.57B
-18.62x338.96x-25.24x - 1.62B
Average 11.79x 58.86x 5.18x 1.97% 1,024B
Weighted average by Cap. 32.88x 8.80x 24.43x 1.21%

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.