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 41,19,352 - -
Change - 1.49% 9.25% 29.98% 9.46% 8.66% - -
Enterprise Value (EV) 1 23,37,193 23,89,857 26,13,531 34,13,329 37,57,363 40,78,642 40,68,634 40,50,808
Change - 2.25% 9.36% 30.6% 10.08% 8.55% -0.25% -0.44%
P/E ratio 25.9x 24.8x 27.8x 37.5x 34.2x 33.8x 30.6x 27.5x
PBR 37.9x 47.8x 42.6x 60.5x 51.2x 46.7x 36.7x 25x
PEG - 2.78x 84.93x -45.98x 1.5x 3.2x 3x 2.5x
Capitalization / Revenue 6.57x 6.18x 6.95x 8.86x 9.11x 9.1x 8.56x 8.04x
EV / Revenue 6.39x 6.06x 6.82x 8.73x 9.03x 9.01x 8.46x 7.9x
EV / EBITDA 19.4x 18.3x 20.8x 25.3x 26x 25.8x 23.8x 22.1x
EV / EBIT 21.5x 20x 22.9x 27.7x 28.2x 28.2x 26x 23.7x
EV / FCF 25.1x 21.4x 26.2x 31.4x 38x 31.7x 29.3x 25.8x
FCF Yield 3.98% 4.66% 3.81% 3.19% 2.63% 3.15% 3.41% 3.87%
Dividend per Share 2 0.85 0.9 0.94 0.98 1.02 1.069 1.128 1.158
Rate of return 0.58% 0.59% 0.55% 0.43% 0.4% 0.38% 0.4% 0.42%
EPS 2 5.61 6.11 6.13 6.08 7.46 8.259 9.112 10.13
Distribution rate 15.2% 14.7% 15.3% 16.1% 13.7% 12.9% 12.4% 11.4%
Net sales 1 3,65,817 3,94,328 3,83,285 3,91,035 4,16,161 4,52,439 4,81,156 5,12,502
EBITDA 1 1,20,233 1,30,541 1,25,820 1,34,661 1,44,495 1,58,039 1,70,770 1,83,017
EBIT 1 1,08,949 1,19,437 1,14,301 1,23,216 1,33,050 1,44,714 1,56,718 1,70,659
Net income 1 94,680 99,803 96,995 93,736 1,12,010 1,20,561 1,30,983 1,43,303
Net Debt 1 -65,797 -49,040 -51,011 -50,021 -33,763 -40,709 -50,718 -68,543
Reference price 2 145.37 151.76 170.43 227.79 255.46 278.78 278.78 278.78
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 1,47,76,353 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
33.76x9.01x25.81x0.38% 4,11900Cr
23.27x1.93x16.99x-.--% 14TCr
23.57x1x16.94x2.31% 1.1TCr
29.09x1.37x13.19x0.06% 674.1Cr
Average 27.42x 3.33x 18.23x 0.69% 1,07000Cr
Weighted average by Cap. 33.37x 8.75x 25.47x 0.38%
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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