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 4,559,368 - -
Change - 1.49% 9.25% 29.98% 9.46% 20.26% - -
Enterprise Value (EV) 1 2,337,193 2,389,857 2,613,531 3,413,329 3,757,363 4,491,766 4,452,855 4,420,383
Change - 2.25% 9.36% 30.6% 10.08% 19.55% -0.87% -0.73%
P/E 25.9x 24.8x 27.8x 37.5x 34.2x 35.5x 32.7x 29.1x
PBR 37.9x 47.8x 42.6x 60.5x 51.2x 45.3x 32.4x 20.7x
PEG - 2.78x 84.93x -45.98x 1.5x 2x 3.84x 2.3x
Capitalization / Revenue 6.57x 6.18x 6.95x 8.86x 9.11x 9.55x 8.71x 8.07x
EV / Revenue 6.39x 6.06x 6.82x 8.73x 9.03x 9.41x 8.51x 7.82x
EV / EBITDA 19.4x 18.3x 20.8x 25.3x 26x 26.6x 24.9x 22.5x
EV / EBIT 21.5x 20x 22.9x 27.7x 28.2x 28.8x 27x 24x
EV / FCF 25.1x 21.4x 26.2x 31.4x 38x 31.1x 29.4x 26.3x
FCF Yield 3.98% 4.66% 3.81% 3.19% 2.63% 3.22% 3.4% 3.8%
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% 0.34% 0.36% 0.37%
EPS 2 5.61 6.11 6.13 6.08 7.46 8.8 9.549 10.73
Distribution rate 15.2% 14.7% 15.3% 16.1% 13.7% 12.2% 11.7% 10.8%
Net sales 1 365,817 394,328 383,285 391,035 416,161 477,373 523,333 565,123
EBITDA 1 120,233 130,541 125,820 134,661 144,495 168,902 178,539 196,580
EBIT 1 108,949 119,437 114,301 123,216 133,050 155,762 164,982 184,062
Net income 1 94,680 99,803 96,995 93,736 112,010 129,585 137,767 153,272
Net Debt 1 -65,797 -49,040 -51,011 -50,021 -33,763 -67,602 -106,513 -138,985
Reference price 2 145.37 151.76 170.43 227.79 255.46 312.41 312.41 312.41
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 2/11/23 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.($)
35.5x9.41x26.59x0.34% 4,559B
24.61x1.01x12.65x-.--% 88.12B
20.28x0.77x14.28x2.59% 9.79B
7.1x1.37x2.48x0.96% 3.04B
Average 21.87x 3.14x 14.00x 0.97% 1,165B
Weighted average by Cap. 35.25x 9.23x 26.29x 0.34%

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