Sales exploded on the Q4 2011. The “iPhone” constituted the best sale with 37 million sold. Fancy is feeling for other products of the brand as shown by the global success. Consequently, the group became a veritable empire. Its impressive cash-flow is close to 100 billion dollars (90 dollars per share).
The market cap widely overtakes the 400 billion dollars. This progression gives it the first worldwide position (close to Exxon Mobil).
Apple ecosystem allows it to be a real trendsetter. The company became the first worldwide consumer of semiconductor before the automotive sector. The investments of the brand in innovation and distribution network is up for 10 years. Apple stores are designed in order to be a strike force with an innovative concept.
On a fundamental viewpoint, the stock show attractive valuation with a PER at 11.8x and 10.6x the estimates 2012 and 2013. Thomson-Reuters consensus brings out an average target price at 518 USD, representing potential gain of more than 20%.
Technically, the share has opened a third gap. It could be an exhausting gap. The short term trend started on the USD 380 support and the performance is establishing at 20%, leaving two others continuation gaps. The bullish trend allows an objective of 48 USD for the next months
However, we should be cautious on the next sessions, not to buy on the peaks of the stock. The USD 430 support can be use as good opportunity after a gap filling, for investors who want Apple in their portfolios.
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Apple Inc. specializes in the design, manufacture and marketing of computer hardware and music supports. Net sales break down by family of products and services as follows:
- telephone products (50.4%): iPhone brand;
- peripheral devices (8.6%): screens, storage systems, printers, video camera, memory cards, server, switches, etc.;
- computers (8.1%): laptops (MacBook, MacBook Air and MacBook Pro brands) and PCs (iMac, Mac mini, Mac Pro and Xserve);
- music support (6.7%): music readers iPod and iPad and accessories;
- other (26.2%): software, maintenance service and Internet access service, etc.
Net sales are distributed geographically as follows: Americas (42.8%), China/Hong Kong/Taiwan (15.5%), Japan (6.9%), Asia/Pacific (8.1%), and Europe/India/Middle East/Africa (26.7%).
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
