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 48,91,183 - -
Change - 1.49% 9.25% 29.98% 9.46% 29.02% - -
Enterprise Value (EV) 1 23,37,193 23,89,857 26,13,531 34,13,329 37,57,363 48,21,072 47,91,339 47,48,899
Change - 2.25% 9.36% 30.6% 10.08% 28.31% -0.62% -0.89%
P/E 25.9x 24.8x 27.8x 37.5x 34.2x 38x 34.3x 30.2x
PBR 37.9x 47.8x 42.6x 60.5x 51.2x 46.2x 33.5x 21.4x
PEG - 2.78x 84.93x -45.98x 1.5x 2.2x 3.2x 2.3x
Capitalization / Revenue 6.57x 6.18x 6.95x 8.86x 9.11x 10.2x 9.35x 8.64x
EV / Revenue 6.39x 6.06x 6.82x 8.73x 9.03x 10.1x 9.15x 8.39x
EV / EBITDA 19.4x 18.3x 20.8x 25.3x 26x 28.6x 26.1x 23.5x
EV / EBIT 21.5x 20x 22.9x 27.7x 28.2x 31x 28.5x 25.3x
EV / FCF 25.1x 21.4x 26.2x 31.4x 38x 34.2x 31.3x 28.2x
FCF Yield 3.98% 4.66% 3.81% 3.19% 2.63% 2.92% 3.2% 3.55%
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% 0.32% 0.34% 0.35%
EPS 2 5.61 6.11 6.13 6.08 7.46 8.76 9.713 11.01
Distribution rate 15.2% 14.7% 15.3% 16.1% 13.7% 12.2% 11.5% 10.6%
Net sales 1 3,65,817 3,94,328 3,83,285 3,91,035 4,16,161 4,78,764 5,23,363 5,66,353
EBITDA 1 1,20,233 1,30,541 1,25,820 1,34,661 1,44,495 1,68,531 1,83,227 2,02,156
EBIT 1 1,08,949 1,19,437 1,14,301 1,23,216 1,33,050 1,55,377 1,68,055 1,87,712
Net income 1 94,680 99,803 96,995 93,736 1,12,010 1,28,826 1,40,253 1,56,197
Net Debt 1 -65,797 -49,040 -51,011 -50,021 -33,763 -70,111 -99,844 -1,42,285
Reference price 2 145.37 151.76 170.43 227.79 255.46 333.02 333.02 333.02
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.04x0.93x11.53x-.--% 8.77TCr
21.19x0.81x15.04x2.48% 1.02TCr
7.13x1.38x2.5x0.96% 304.3Cr
Average 17.12x 1.04x 9.69x 1.15% 3.36TCr
Weighted average by Cap. 22.38x 0.93x 11.61x 0.28%

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