Company Valuation: Apple Inc.

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 2,402,990 2,438,897 2,664,542 3,463,350 3,791,126 4,409,585 - -
Change - 1.49% 9.25% 29.98% 9.46% 16.31% - -
Enterprise Value (EV) 1 2,337,193 2,389,857 2,613,531 3,413,329 3,757,363 4,339,728 4,314,266 4,282,083
Change - 2.25% 9.36% 30.6% 10.08% 15.5% -0.59% -0.75%
P/E ratio 25.9x 24.8x 27.8x 37.5x 34.2x 34.4x 31.2x 27.9x
PBR 37.9x 47.8x 42.6x 60.5x 51.2x 42.3x 31.8x 21.5x
PEG - 2.78x 84.93x -45.98x 1.5x 2x 3.1x 2.4x
Capitalization / Revenue 6.57x 6.18x 6.95x 8.86x 9.11x 9.23x 8.54x 7.97x
EV / Revenue 6.39x 6.06x 6.82x 8.73x 9.03x 9.08x 8.35x 7.74x
EV / EBITDA 19.4x 18.3x 20.8x 25.3x 26x 25.9x 23.8x 21.8x
EV / EBIT 21.5x 20x 22.9x 27.7x 28.2x 28x 26x 23.4x
EV / FCF 25.1x 21.4x 26.2x 31.4x 38x 31.2x 28.1x 25.8x
FCF Yield 3.98% 4.66% 3.81% 3.19% 2.63% 3.21% 3.56% 3.88%
Dividend per Share 2 0.85 0.9 0.94 0.98 1.02 1.071 1.118 1.169
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 8.739 9.633 10.76
Distribution rate 15.2% 14.7% 15.3% 16.1% 13.7% 12.3% 11.6% 10.9%
Net sales 1 365,817 394,328 383,285 391,035 416,161 477,947 516,628 553,358
EBITDA 1 120,233 130,541 125,820 134,661 144,495 167,429 181,089 196,249
EBIT 1 108,949 119,437 114,301 123,216 133,050 155,123 166,193 183,033
Net income 1 94,680 99,803 96,995 93,736 112,010 128,451 138,835 152,207
Net Debt 1 -65,797 -49,040 -51,011 -50,021 -33,763 -69,857 -95,319 -127,502
Reference price 2 145.37 151.76 170.43 227.79 255.46 300.23 300.23 300.23
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 ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.36x9.08x25.92x0.36% 4,410B
23.8x1.11x13.13x-.--% 101B
23.11x0.79x12.44x1.73% 10.27B
7.91x0.89x2.72x0.86% 3.36B
Average 22.29x 2.97x 13.55x 0.74% 1,131B
Weighted average by Cap. 34.07x 8.88x 25.59x 0.35%

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