Company Valuation: Apple Inc.

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 24,02,990 24,38,897 26,64,542 34,63,350 37,91,126 37,79,806 - -
Change - 1.49% 9.25% 29.98% 9.46% -0.3% - -
Enterprise Value (EV) 1 23,37,193 23,89,857 26,13,531 34,13,329 37,57,363 37,26,095 37,04,827 36,84,102
Change - 2.25% 9.36% 30.6% 10.08% -0.83% -0.57% -0.56%
P/E ratio 25.9x 24.8x 27.8x 37.5x 34.2x 30.3x 27.6x 25x
PBR 37.9x 47.8x 42.6x 60.5x 51.2x 41.9x 33.2x 22.3x
PEG - 2.78x 84.93x -45.98x 1.5x 2.2x 2.79x 2.4x
Capitalization / Revenue 6.57x 6.18x 6.95x 8.86x 9.11x 8.13x 7.62x 7.18x
EV / Revenue 6.39x 6.06x 6.82x 8.73x 9.03x 8.01x 7.47x 7x
EV / EBITDA 19.4x 18.3x 20.8x 25.3x 26x 22.9x 21.3x 19.6x
EV / EBIT 21.5x 20x 22.9x 27.7x 28.2x 24.7x 23x 21.2x
EV / FCF 25.1x 21.4x 26.2x 31.4x 38x 27.1x 25.1x 22.7x
FCF Yield 3.98% 4.66% 3.81% 3.19% 2.63% 3.69% 3.99% 4.4%
Dividend per Share 2 0.85 0.9 0.94 0.98 1.02 1.068 1.115 1.165
Rate of return 0.58% 0.59% 0.55% 0.43% 0.4% 0.41% 0.43% 0.45%
EPS 2 5.61 6.11 6.13 6.08 7.46 8.498 9.339 10.32
Distribution rate 15.2% 14.7% 15.3% 16.1% 13.7% 12.6% 11.9% 11.3%
Net sales 1 3,65,817 3,94,328 3,83,285 3,91,035 4,16,161 4,65,004 4,96,123 5,26,675
EBITDA 1 1,20,233 1,30,541 1,25,820 1,34,661 1,44,495 1,62,719 1,73,553 1,87,873
EBIT 1 1,08,949 1,19,437 1,14,301 1,23,216 1,33,050 1,50,567 1,61,101 1,73,774
Net income 1 94,680 99,803 96,995 93,736 1,12,010 1,24,796 1,34,161 1,45,242
Net Debt 1 -65,797 -49,040 -51,011 -50,021 -33,763 -53,711 -74,980 -95,704
Reference price 2 145.37 151.76 170.43 227.79 255.46 257.46 257.46 257.46
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 1,46,81,140 - -
Announcement Date 28/10/21 27/10/22 02/11/23 31/10/24 30/10/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.3x8.02x22.87x0.41% 3,78000Cr
18.47x1.44x13.35x-.--% 11TCr
26.85x0.87x16.21x2.28% 993.19Cr
20.08x1.11x8.45x0.07% 579.01Cr
Average 23.92x 2.86x 15.22x 0.69% 97.66TCr
Weighted average by Cap. 29.94x 7.80x 22.57x 0.41%

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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