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 41,67,978 - -
Change - 1.49% 9.25% 29.98% 9.46% 9.94% - -
Enterprise Value (EV) 1 23,37,193 23,89,857 26,13,531 34,13,329 37,57,363 40,98,094 40,71,195 40,38,727
Change - 2.25% 9.36% 30.6% 10.08% 9.07% -0.66% -0.8%
P/E 25.9x 24.8x 27.8x 37.5x 34.2x 32.4x 29.3x 26.1x
PBR 37.9x 47.8x 42.6x 60.5x 51.2x 39.4x 28.8x 18.7x
PEG - 2.78x 84.93x -45.98x 1.5x 1.9x 2.8x 2.1x
Capitalization / Revenue 6.57x 6.18x 6.95x 8.86x 9.11x 8.71x 8.01x 7.44x
EV / Revenue 6.39x 6.06x 6.82x 8.73x 9.03x 8.57x 7.82x 7.21x
EV / EBITDA 19.4x 18.3x 20.8x 25.3x 26x 24.3x 22.3x 20.3x
EV / EBIT 21.5x 20x 22.9x 27.7x 28.2x 26.4x 24.3x 21.8x
EV / FCF 25.1x 21.4x 26.2x 31.4x 38x 29.1x 26.5x 24.2x
FCF Yield 3.98% 4.66% 3.81% 3.19% 2.63% 3.43% 3.77% 4.13%
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% 0.38% 0.39% 0.41%
EPS 2 5.61 6.11 6.13 6.08 7.46 8.76 9.683 10.88
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 4,78,292 5,20,415 5,60,493
EBITDA 1 1,20,233 1,30,541 1,25,820 1,34,661 1,44,495 1,68,567 1,82,547 1,99,300
EBIT 1 1,08,949 1,19,437 1,14,301 1,23,216 1,33,050 1,55,398 1,67,666 1,85,494
Net income 1 94,680 99,803 96,995 93,736 1,12,010 1,28,852 1,39,906 1,54,319
Net Debt 1 -65,797 -49,040 -51,011 -50,021 -33,763 -69,884 -96,783 -1,29,251
Reference price 2 145.37 151.76 170.43 227.79 255.46 283.78 283.78 283.78
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.($)
32.4x8.57x24.31x0.38% 4,16800Cr
18.45x0.69x8.56x-.--% 7.03TCr
18.96x0.79x13.58x3.1% 961.39Cr
7.15x1.39x2.51x0.95% 303.61Cr
Average 19.24x 2.86x 12.24x 1.11% 1,06300Cr
Weighted average by Cap. 32.12x 8.42x 24.01x 0.38%

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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