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 5,065,640 - -
Change - 1.49% 9.25% 29.98% 9.46% 33.62% - -
Enterprise Value (EV) 1 2,337,193 2,389,857 2,613,531 3,413,329 3,757,363 4,999,831 4,962,540 4,930,195
Change - 2.25% 9.36% 30.6% 10.08% 33.07% -0.75% -0.65%
P/E 25.9x 24.8x 27.8x 37.5x 34.2x 39.3x 36.2x 32x
PBR 37.9x 47.8x 42.6x 60.5x 51.2x 49.3x 36.5x 24.2x
PEG - 2.78x 84.93x -45.98x 1.5x 2.1x 4.32x 2.4x
Capitalization / Revenue 6.57x 6.18x 6.95x 8.86x 9.11x 10.6x 9.61x 8.86x
EV / Revenue 6.39x 6.06x 6.82x 8.73x 9.03x 10.5x 9.41x 8.62x
EV / EBITDA 19.4x 18.3x 20.8x 25.3x 26x 29.5x 27.6x 24.8x
EV / EBIT 21.5x 20x 22.9x 27.7x 28.2x 31.9x 29.8x 26.5x
EV / FCF 25.1x 21.4x 26.2x 31.4x 38x 35.1x 32.5x 29.1x
FCF Yield 3.98% 4.66% 3.81% 3.19% 2.63% 2.85% 3.08% 3.44%
Dividend per Share 2 0.85 0.9 0.94 0.98 1.02 1.07 1.115 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 8.835 9.576 10.84
Distribution rate 15.2% 14.7% 15.3% 16.1% 13.7% 12.1% 11.6% 10.8%
Net sales 1 365,817 394,328 383,285 391,035 416,161 477,741 527,247 572,048
EBITDA 1 120,233 130,541 125,820 134,661 144,495 169,697 179,560 198,837
EBIT 1 108,949 119,437 114,301 123,216 133,050 156,536 166,406 186,284
Net income 1 94,680 99,803 96,995 93,736 112,010 130,079 138,696 154,540
Net Debt 1 -65,797 -49,040 -51,011 -50,021 -33,763 -65,809 -103,100 -135,445
Reference price 2 145.37 151.76 170.43 227.79 255.46 347.10 347.10 347.10
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.($)
39.29x10.47x29.46x0.31% 5,066B
4.67x1.6x2.66x5.54% 1,068B
22.34x1x11.93x-.--% 84.18B
19.18x0.77x11.86x2.37% 9.86B
-23.13x433.73x-32.3x - 2.01B
4.45x0.37x1.11x1.53% 1.97B
Average 11.13x 74.65x 4.12x 1.95% 1,039B
Weighted average by Cap. 33.06x 8.94x 24.58x 1.2%

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.