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 4,560,424 - -
Change - 1.49% 9.25% 29.98% 9.46% 20.29% - -
Enterprise Value (EV) 1 2,337,193 2,389,857 2,613,531 3,413,329 3,757,363 4,490,540 4,463,641 4,431,173
Change - 2.25% 9.36% 30.6% 10.08% 19.51% -0.6% -0.73%
P/E 25.9x 24.8x 27.8x 37.5x 34.2x 35.5x 32.1x 28.5x
PBR 37.9x 47.8x 42.6x 60.5x 51.2x 43.1x 31.5x 20.5x
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 9.54x 8.76x 8.13x
EV / Revenue 6.39x 6.06x 6.82x 8.73x 9.03x 9.39x 8.58x 7.9x
EV / EBITDA 19.4x 18.3x 20.8x 25.3x 26x 26.6x 24.5x 22.2x
EV / EBIT 21.5x 20x 22.9x 27.7x 28.2x 28.9x 26.6x 23.9x
EV / FCF 25.1x 21.4x 26.2x 31.4x 38x 31.9x 29.1x 26.5x
FCF Yield 3.98% 4.66% 3.81% 3.19% 2.63% 3.14% 3.43% 3.78%
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% 0.34% 0.36% 0.38%
EPS 2 5.61 6.11 6.13 6.08 7.46 8.76 9.683 10.89
Distribution rate 15.2% 14.7% 15.3% 16.1% 13.7% 12.2% 11.5% 10.7%
Net sales 1 365,817 394,328 383,285 391,035 416,161 478,167 520,484 560,753
EBITDA 1 120,233 130,541 125,820 134,661 144,495 168,567 182,556 199,435
EBIT 1 108,949 119,437 114,301 123,216 133,050 155,397 167,669 185,590
Net income 1 94,680 99,803 96,995 93,736 112,010 128,851 139,908 154,408
Net Debt 1 -65,797 -49,040 -51,011 -50,021 -33,763 -69,884 -96,783 -129,251
Reference price 2 145.37 151.76 170.43 227.79 255.46 310.66 310.66 310.66
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, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
19.48x0.77x9.5x-.--% 75.77B
21.29x0.9x15.57x2.76% 10.81B
7.59x1.5x2.72x0.9% 3.23B
Average 16.12x 1.06x 9.27x 1.22% 29.94B
Weighted average by Cap. 19.27x 0.81x 9.99x 0.36%

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