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 4,786,462 - -
Change - 1.49% 9.25% 29.98% 9.46% 26.25% - -
Enterprise Value (EV) 1 2,337,193 2,389,857 2,613,531 3,413,329 3,757,363 4,716,055 4,686,832 4,645,661
Change - 2.25% 9.36% 30.6% 10.08% 25.52% -0.62% -0.88%
P/E 25.9x 24.8x 27.8x 37.5x 34.2x 37.2x 33.6x 29.7x
PBR 37.9x 47.8x 42.6x 60.5x 51.2x 45.2x 32.8x 21x
PEG - 2.78x 84.93x -45.98x 1.5x 2.1x 3.1x 2.3x
Capitalization / Revenue 6.57x 6.18x 6.95x 8.86x 9.11x 10x 9.15x 8.49x
EV / Revenue 6.39x 6.06x 6.82x 8.73x 9.03x 9.85x 8.96x 8.24x
EV / EBITDA 19.4x 18.3x 20.8x 25.3x 26x 27.9x 25.6x 23.1x
EV / EBIT 21.5x 20x 22.9x 27.7x 28.2x 30.3x 27.9x 24.9x
EV / FCF 25.1x 21.4x 26.2x 31.4x 38x 33.4x 30.6x 27.8x
FCF Yield 3.98% 4.66% 3.81% 3.19% 2.63% 2.99% 3.27% 3.6%
Dividend per Share 2 0.85 0.9 0.94 0.98 1.02 1.071 1.118 1.17
Rate of return 0.58% 0.59% 0.55% 0.43% 0.4% 0.33% 0.34% 0.36%
EPS 2 5.61 6.11 6.13 6.08 7.46 8.768 9.711 10.96
Distribution rate 15.2% 14.7% 15.3% 16.1% 13.7% 12.2% 11.5% 10.7%
Net sales 1 365,817 394,328 383,285 391,035 416,161 478,715 522,950 563,986
EBITDA 1 120,233 130,541 125,820 134,661 144,495 168,783 183,170 201,162
EBIT 1 108,949 119,437 114,301 123,216 133,050 155,517 168,022 186,939
Net income 1 94,680 99,803 96,995 93,736 112,010 128,963 140,225 155,542
Net Debt 1 -65,797 -49,040 -51,011 -50,021 -33,763 -70,407 -99,630 -140,801
Reference price 2 145.37 151.76 170.43 227.79 255.46 325.89 325.89 325.89
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.19x0.81x15.04x2.48% 10.19B
7.25x1.41x2.56x0.94% 3.1B
Average 14.22x 1.11x 8.80x 1.71% 6.64B
Weighted average by Cap. 17.94x 0.95x 12.14x 2.12%

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