Company Valuation: Apple Inc.

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 24,02,990 24,38,897 26,64,542 34,63,350 37,91,126 43,76,979 - -
Change - 1.49% 9.25% 29.98% 9.46% 15.45% - -
Enterprise Value (EV) 1 23,37,193 23,89,857 26,13,531 34,13,329 37,57,363 43,07,095 42,80,196 42,47,728
Change - 2.25% 9.36% 30.6% 10.08% 14.63% -0.62% -0.76%
P/E 25.9x 24.8x 27.8x 37.5x 34.2x 34x 30.8x 27.4x
PBR 37.9x 47.8x 42.6x 60.5x 51.2x 41.1x 29.7x 19.3x
PEG - 2.78x 84.93x -45.98x 1.5x 1.9x 3x 2.2x
Capitalization / Revenue 6.57x 6.18x 6.95x 8.86x 9.11x 9.15x 8.43x 7.82x
EV / Revenue 6.39x 6.06x 6.82x 8.73x 9.03x 9.01x 8.25x 7.59x
EV / EBITDA 19.4x 18.3x 20.8x 25.3x 26x 25.5x 23.5x 21.3x
EV / EBIT 21.5x 20x 22.9x 27.7x 28.2x 27.7x 25.6x 22.9x
EV / FCF 25.1x 21.4x 26.2x 31.4x 38x 30.7x 27.9x 25.4x
FCF Yield 3.98% 4.66% 3.81% 3.19% 2.63% 3.26% 3.59% 3.94%
Dividend per Share 2 0.85 0.9 0.94 0.98 1.02 1.07 1.117 1.168
Rate of return 0.58% 0.59% 0.55% 0.43% 0.4% 0.36% 0.37% 0.39%
EPS 2 5.61 6.11 6.13 6.08 7.46 8.764 9.674 10.89
Distribution rate 15.2% 14.7% 15.3% 16.1% 13.7% 12.2% 11.5% 10.7%
Net sales 1 3,65,817 3,94,328 3,83,285 3,91,035 4,16,161 4,78,275 5,19,050 5,59,365
EBITDA 1 1,20,233 1,30,541 1,25,820 1,34,661 1,44,495 1,68,626 1,82,322 1,99,109
EBIT 1 1,08,949 1,19,437 1,14,301 1,23,216 1,33,050 1,55,399 1,67,318 1,85,235
Net income 1 94,680 99,803 96,995 93,736 1,12,010 1,28,879 1,39,836 1,54,222
Net Debt 1 -65,797 -49,040 -51,011 -50,021 -33,763 -69,884 -96,783 -1,29,251
Reference price 2 145.37 151.76 170.43 227.79 255.46 298.01 298.01 298.01
Nbr of stocks (in thousands) 1,65,30,166 1,60,70,752 1,56,34,232 1,52,04,137 1,48,40,390 1,46,87,356 - -
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.($)
21.81x0.87x10.76x-.--% 8.34TCr
17.03x0.76x10.64x2.26% 952.56Cr
7.52x1.49x2.69x0.91% 321.73Cr
Average 15.45x 1.04x 8.03x 1.06% 3.21TCr
Weighted average by Cap. 20.86x 0.88x 10.48x 0.25%

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

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