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 4,376,979 - -
Change - 1.49% 9.25% 29.98% 9.46% 15.45% - -
Enterprise Value (EV) 1 2,337,193 2,389,857 2,613,531 3,413,329 3,757,363 4,307,095 4,280,196 4,247,728
Change - 2.25% 9.36% 30.6% 10.08% 14.63% -0.62% -0.76%
P/E 25.9x 24.8x 27.8x 37.5x 34.2x 34x 30.8x 27.4x
PBR 37.9x 47.8x 42.6x 60.5x 51.2x 41.1x 29.7x 19.3x
PEG - 2.78x 84.93x -45.98x 1.5x 1.9x 3x 2.2x
Capitalization / Revenue 6.57x 6.18x 6.95x 8.86x 9.11x 9.15x 8.43x 7.82x
EV / Revenue 6.39x 6.06x 6.82x 8.73x 9.03x 9.01x 8.25x 7.59x
EV / EBITDA 19.4x 18.3x 20.8x 25.3x 26x 25.5x 23.5x 21.3x
EV / EBIT 21.5x 20x 22.9x 27.7x 28.2x 27.7x 25.6x 22.9x
EV / FCF 25.1x 21.4x 26.2x 31.4x 38x 30.7x 27.9x 25.4x
FCF Yield 3.98% 4.66% 3.81% 3.19% 2.63% 3.26% 3.59% 3.94%
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% 0.36% 0.37% 0.39%
EPS 2 5.61 6.11 6.13 6.08 7.46 8.764 9.674 10.89
Distribution rate 15.2% 14.7% 15.3% 16.1% 13.7% 12.2% 11.5% 10.7%
Net sales 1 365,817 394,328 383,285 391,035 416,161 478,275 519,050 559,365
EBITDA 1 120,233 130,541 125,820 134,661 144,495 168,626 182,322 199,109
EBIT 1 108,949 119,437 114,301 123,216 133,050 155,399 167,318 185,235
Net income 1 94,680 99,803 96,995 93,736 112,010 128,879 139,836 154,222
Net Debt 1 -65,797 -49,040 -51,011 -50,021 -33,763 -69,884 -96,783 -129,251
Reference price 2 145.37 151.76 170.43 227.79 255.46 298.01 298.01 298.01
Nbr of stocks (in thousands) 16,530,166 16,070,752 15,634,232 15,204,137 14,840,390 14,687,356 - -
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.($)
21.81x0.87x10.76x-.--% 80.78B
17.03x0.76x10.64x2.26% 9.11B
7.52x1.49x2.69x0.91% 3.06B
Average 15.45x 1.04x 8.03x 1.06% 30.98B
Weighted average by Cap. 20.87x 0.88x 10.48x 0.25%

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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