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 4,967,117 - -
Change - 1.49% 9.25% 29.98% 9.46% 31.02% - -
Enterprise Value (EV) 1 2,337,193 2,389,857 2,613,531 3,413,329 3,757,363 4,896,509 4,855,545 4,821,956
Change - 2.25% 9.36% 30.6% 10.08% 30.32% -0.84% -0.69%
P/E 25.9x 24.8x 27.8x 37.5x 34.2x 38.6x 34.7x 30.7x
PBR 37.9x 47.8x 42.6x 60.5x 51.2x 47x 34x 21.7x
PEG - 2.78x 84.93x -45.98x 1.5x 2.2x 3.1x 2.4x
Capitalization / Revenue 6.57x 6.18x 6.95x 8.86x 9.11x 10.4x 9.45x 8.73x
EV / Revenue 6.39x 6.06x 6.82x 8.73x 9.03x 10.2x 9.24x 8.48x
EV / EBITDA 19.4x 18.3x 20.8x 25.3x 26x 29x 26.4x 23.8x
EV / EBIT 21.5x 20x 22.9x 27.7x 28.2x 31.5x 28.8x 25.7x
EV / FCF 25.1x 21.4x 26.2x 31.4x 38x 34.8x 31.7x 28.6x
FCF Yield 3.98% 4.66% 3.81% 3.19% 2.63% 2.88% 3.16% 3.49%
Dividend per Share 2 0.85 0.9 0.94 0.98 1.02 1.07 1.116 1.166
Rate of return 0.58% 0.59% 0.55% 0.43% 0.4% 0.32% 0.33% 0.34%
EPS 2 5.61 6.11 6.13 6.08 7.46 8.762 9.732 11
Distribution rate 15.2% 14.7% 15.3% 16.1% 13.7% 12.2% 11.5% 10.6%
Net sales 1 365,817 394,328 383,285 391,035 416,161 478,847 525,635 568,821
EBITDA 1 120,233 130,541 125,820 134,661 144,495 168,602 184,052 202,452
EBIT 1 108,949 119,437 114,301 123,216 133,050 155,383 168,602 187,712
Net income 1 94,680 99,803 96,995 93,736 112,010 128,861 140,701 156,144
Net Debt 1 -65,797 -49,040 -51,011 -50,021 -33,763 -70,608 -111,572 -145,161
Reference price 2 145.37 151.76 170.43 227.79 255.46 338.19 338.19 338.19
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.($)
27.9x1.17x14.47x-.--% 105B
23.21x0.9x16.75x2.27% 11.17B
7.08x1.37x2.47x0.96% 3.02B
Average 19.40x 1.15x 11.23x 1.08% 39.6B
Weighted average by Cap. 26.93x 1.15x 14.38x 0.24%

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