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 47,24,335 - -
Change - 1.49% 9.25% 29.98% 9.46% 24.62% - -
Enterprise Value (EV) 1 23,37,193 23,89,857 26,13,531 34,13,329 37,57,363 46,54,224 46,24,491 45,82,050
Change - 2.25% 9.36% 30.6% 10.08% 23.87% -0.64% -0.92%
P/E 25.9x 24.8x 27.8x 37.5x 34.2x 36.7x 33.1x 29.3x
PBR 37.9x 47.8x 42.6x 60.5x 51.2x 44.7x 32.3x 20.7x
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 9.87x 9.03x 8.37x
EV / Revenue 6.39x 6.06x 6.82x 8.73x 9.03x 9.72x 8.84x 8.12x
EV / EBITDA 19.4x 18.3x 20.8x 25.3x 26x 27.6x 25.2x 22.7x
EV / EBIT 21.5x 20x 22.9x 27.7x 28.2x 29.9x 27.5x 24.5x
EV / FCF 25.1x 21.4x 26.2x 31.4x 38x 33x 30.2x 27.4x
FCF Yield 3.98% 4.66% 3.81% 3.19% 2.63% 3.03% 3.31% 3.65%
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% 0.35% 0.36%
EPS 2 5.61 6.11 6.13 6.08 7.46 8.767 9.713 10.98
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 4,78,698 5,23,072 5,64,515
EBITDA 1 1,20,233 1,30,541 1,25,820 1,34,661 1,44,495 1,68,777 1,83,245 2,01,428
EBIT 1 1,08,949 1,19,437 1,14,301 1,23,216 1,33,050 1,55,514 1,68,065 1,87,146
Net income 1 94,680 99,803 96,995 93,736 1,12,010 1,28,949 1,40,262 1,55,716
Net Debt 1 -65,797 -49,040 -51,011 -50,021 -33,763 -70,111 -99,844 -1,42,285
Reference price 2 145.37 151.76 170.43 227.79 255.46 321.66 321.66 321.66
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
23.42x0.96x11.78x-.--% 8.91TCr
21.83x0.84x15.59x2.41% 1.05TCr
7.12x1.38x2.49x0.96% 303.63Cr
Average 17.46x 1.06x 9.95x 1.12% 3.42TCr
Weighted average by Cap. 22.77x 0.96x 11.89x 0.27%

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