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 4,660,445 - -
Change - 1.49% 9.25% 29.98% 9.46% 22.93% - -
Enterprise Value (EV) 1 2,337,193 2,389,857 2,613,531 3,413,329 3,757,363 4,590,422 4,563,747 4,531,194
Change - 2.25% 9.36% 30.6% 10.08% 22.17% -0.58% -0.71%
P/E 25.9x 24.8x 27.8x 37.5x 34.2x 36.2x 32.8x 29.1x
PBR 37.9x 47.8x 42.6x 60.5x 51.2x 44.1x 32.2x 20.9x
PEG - 2.78x 84.93x -45.98x 1.5x 2.1x 3.1x 2.3x
Capitalization / Revenue 6.57x 6.18x 6.95x 8.86x 9.11x 9.74x 8.95x 8.3x
EV / Revenue 6.39x 6.06x 6.82x 8.73x 9.03x 9.6x 8.77x 8.07x
EV / EBITDA 19.4x 18.3x 20.8x 25.3x 26x 27.2x 25x 22.7x
EV / EBIT 21.5x 20x 22.9x 27.7x 28.2x 29.5x 27.2x 24.4x
EV / FCF 25.1x 21.4x 26.2x 31.4x 38x 32.6x 29.8x 27.1x
FCF Yield 3.98% 4.66% 3.81% 3.19% 2.63% 3.07% 3.36% 3.69%
Dividend per Share 2 0.85 0.9 0.94 0.98 1.02 1.068 1.117 1.168
Rate of return 0.58% 0.59% 0.55% 0.43% 0.4% 0.34% 0.35% 0.37%
EPS 2 5.61 6.11 6.13 6.08 7.46 8.764 9.681 10.91
Distribution rate 15.2% 14.7% 15.3% 16.1% 13.7% 12.2% 11.5% 10.7%
Net sales 1 365,817 394,328 383,285 391,035 416,161 478,353 520,559 561,718
EBITDA 1 120,233 130,541 125,820 134,661 144,495 168,736 182,479 199,960
EBIT 1 108,949 119,437 114,301 123,216 133,050 155,491 167,625 185,998
Net income 1 94,680 99,803 96,995 93,736 112,010 128,933 139,871 154,749
Net Debt 1 -65,797 -49,040 -51,011 -50,021 -33,763 -70,023 -96,698 -129,251
Reference price 2 145.37 151.76 170.43 227.79 255.46 317.31 317.31 317.31
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 10/28/21 A 10/27/22 A 11/2/23 A 10/31/24 A 10/30/25 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.33x0.89x11.03x-.--% 84.71B
21.5x0.92x15.76x2.47% 10.94B
8.94x1.86x3.37x0.76% 3.81B
Average 17.59x 1.22x 10.05x 1.08% 33.15B
Weighted average by Cap. 21.72x 0.93x 11.26x 0.3%

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