Company Valuation: Apple Inc.

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,402,990 2,438,897 2,664,542 3,463,350 3,791,126 4,508,288 - -
Change - 1.49% 9.25% 29.98% 9.46% 18.92% - -
Enterprise Value (EV) 1 2,337,193 2,389,857 2,613,531 3,413,329 3,757,363 4,440,687 4,401,775 4,369,304
Change - 2.25% 9.36% 30.6% 10.08% 18.19% -0.88% -0.74%
P/E 25.9x 24.8x 27.8x 37.5x 34.2x 35x 32.2x 28.5x
PBR 37.9x 47.8x 42.6x 60.5x 51.2x 42x 32x 20.4x
PEG - 2.78x 84.93x -45.98x 1.5x 1.9x 3.68x 2.2x
Capitalization / Revenue 6.57x 6.18x 6.95x 8.86x 9.11x 9.44x 8.61x 7.96x
EV / Revenue 6.39x 6.06x 6.82x 8.73x 9.03x 9.3x 8.4x 7.71x
EV / EBITDA 19.4x 18.3x 20.8x 25.3x 26x 26.2x 24.5x 22x
EV / EBIT 21.5x 20x 22.9x 27.7x 28.2x 28.5x 26.5x 23.5x
EV / FCF 25.1x 21.4x 26.2x 31.4x 38x 30.6x 28.8x 25.6x
FCF Yield 3.98% 4.66% 3.81% 3.19% 2.63% 3.27% 3.48% 3.9%
Dividend per Share 2 0.85 0.9 0.94 0.98 1.02 1.07 1.114 1.162
Rate of return 0.58% 0.59% 0.55% 0.43% 0.4% 0.35% 0.36% 0.38%
EPS 2 5.61 6.11 6.13 6.08 7.46 8.814 9.586 10.83
Distribution rate 15.2% 14.7% 15.3% 16.1% 13.7% 12.1% 11.6% 10.7%
Net sales 1 365,817 394,328 383,285 391,035 416,161 477,391 523,866 566,348
EBITDA 1 120,233 130,541 125,820 134,661 144,495 169,410 179,914 198,564
EBIT 1 108,949 119,437 114,301 123,216 133,050 155,963 165,798 185,777
Net income 1 94,680 99,803 96,995 93,736 112,010 130,027 138,494 154,743
Net Debt 1 -65,797 -49,040 -51,011 -50,021 -33,763 -67,602 -106,513 -138,985
Reference price 2 145.37 151.76 170.43 227.79 255.46 308.91 308.91 308.91
Nbr of stocks (in thousands) 16,530,166 16,070,752 15,634,232 15,204,137 14,840,390 14,594,180 - -
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.($)
24.67x1.03x13.18x-.--% 94.46B
22.78x0.88x16.39x2.31% 10.99B
7.03x1.35x2.45x0.97% 3.01B
Average 18.16x 1.09x 10.67x 1.09% 36.15B
Weighted average by Cap. 23.99x 1.03x 13.21x 0.26%

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