APPLE INC (1AAPL.MI) Stock Fundamental Analysis
BIT:1AAPL - Euronext Milan - US0378331005 - Common Stock - Currency: EUR
Overall 1AAPL gets a fundamental rating of 6 out of 10. We evaluated 1AAPL against 26 industry peers in the Technology Hardware, Storage & Peripherals industry. Both the health and profitability get an excellent rating, making 1AAPL a very profitable company, without any liquidiy or solvency issues. 1AAPL is quite expensive at the moment. It does show a decent growth rate. With these ratings, 1AAPL could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
In the past year 1AAPL was profitable.
In the past year 1AAPL had a positive cash flow from operations.
In the past 5 years 1AAPL has always been profitable.
In the past 5 years 1AAPL always reported a positive cash flow from operatings.
1.2 Ratios
1AAPL's Return On Assets of 29.37% is amongst the best of the industry. 1AAPL outperforms 96.15% of its industry peers.
The Return On Equity of 1AAPL (145.66%) is better than 96.15% of its industry peers.
The Return On Invested Capital of 1AAPL (56.03%) is better than 96.15% of its industry peers.
1AAPL had an Average Return On Invested Capital over the past 3 years of 48.83%. This is significantly above the industry average of 17.69%.
The last Return On Invested Capital (56.03%) for 1AAPL is above the 3 year average (48.83%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 29.37% | ||
| ROE | 145.66% | ||
| ROIC | 56.03% |
ROA(3y)27.16%
ROA(5y)25.24%
ROE(3y)172.54%
ROE(5y)151.11%
ROIC(3y)48.83%
ROIC(5y)42.3%
1.3 Margins
1AAPL has a better Profit Margin (24.30%) than 96.15% of its industry peers.
In the last couple of years the Profit Margin of 1AAPL has grown nicely.
1AAPL has a Operating Margin of 31.81%. This is amongst the best in the industry. 1AAPL outperforms 96.15% of its industry peers.
1AAPL's Operating Margin has improved in the last couple of years.
1AAPL has a Gross Margin of 46.63%. This is in the better half of the industry: 1AAPL outperforms 76.92% of its industry peers.
In the last couple of years the Gross Margin of 1AAPL has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.81% | ||
| PM (TTM) | 24.3% | ||
| GM | 46.63% |
OM growth 3Y1.9%
OM growth 5Y5.1%
PM growth 3Y-2.52%
PM growth 5Y2.45%
GM growth 3Y3.41%
GM growth 5Y4.09%
2. Health
2.1 Basic Checks
1AAPL has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
1AAPL has less shares outstanding than it did 1 year ago.
1AAPL has less shares outstanding than it did 5 years ago.
1AAPL has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 9.11 indicates that 1AAPL is not in any danger for bankruptcy at the moment.
1AAPL's Altman-Z score of 9.11 is amongst the best of the industry. 1AAPL outperforms 96.15% of its industry peers.
1AAPL has a debt to FCF ratio of 1.00. This is a very positive value and a sign of high solvency as it would only need 1.00 years to pay back of all of its debts.
1AAPL has a better Debt to FCF ratio (1.00) than 88.46% of its industry peers.
1AAPL has a Debt/Equity ratio of 1.27. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of 1AAPL (1.27) is worse than 69.23% of its industry peers.
Although 1AAPL does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.27 | ||
| Debt/FCF | 1 | ||
| Altman-Z | 9.11 |
ROIC/WACC6.37
WACC8.8%
2.3 Liquidity
1AAPL has a Current Ratio of 0.82. This is a bad value and indicates that 1AAPL is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.82, 1AAPL is doing worse than 73.08% of the companies in the same industry.
1AAPL has a Quick Ratio of 0.82. This is a bad value and indicates that 1AAPL is not financially healthy enough and could expect problems in meeting its short term obligations.
1AAPL has a Quick ratio of 0.78. This is in the lower half of the industry: 1AAPL underperforms 73.08% of its industry peers.
The current and quick ratio evaluation for 1AAPL is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.78 |
3. Growth
3.1 Past
1AAPL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.26%, which is quite good.
The Earnings Per Share has been growing by 17.90% on average over the past years. This is quite good.
Looking at the last year, 1AAPL shows a small growth in Revenue. The Revenue has grown by 4.91% in the last year.
The Revenue has been growing by 8.49% on average over the past years. This is quite good.
EPS 1Y (TTM)10.26%
EPS 3Y6.3%
EPS 5Y17.9%
EPS Q2Q%7.84%
Revenue 1Y (TTM)4.91%
Revenue growth 3Y2.25%
Revenue growth 5Y8.49%
Sales Q2Q%5.08%
3.2 Future
The Earnings Per Share is expected to grow by 13.04% on average over the next years. This is quite good.
Based on estimates for the next years, 1AAPL will show a small growth in Revenue. The Revenue will grow by 6.66% on average per year.
EPS Next Y9.78%
EPS Next 2Y9.95%
EPS Next 3Y10.37%
EPS Next 5Y13.04%
Revenue Next Year4.45%
Revenue Next 2Y5.55%
Revenue Next 3Y5.72%
Revenue Next 5Y6.66%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 28.13, 1AAPL can be considered very expensive at the moment.
1AAPL's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 28.10. 1AAPL is around the same levels.
With a Price/Forward Earnings ratio of 24.44, 1AAPL is valued on the expensive side.
1AAPL's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. 1AAPL is more expensive than 65.38% of the companies in the same industry.
1AAPL is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 20.74, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.13 | ||
| Fwd PE | 24.44 |
4.2 Price Multiples
1AAPL's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. 1AAPL is more expensive than 65.38% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, 1AAPL is valued a bit cheaper than 65.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.42 | ||
| EV/EBITDA | 21.74 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates 1AAPL does not grow enough to justify the current Price/Earnings ratio.
1AAPL has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.88
PEG (5Y)1.57
EPS Next 2Y9.95%
EPS Next 3Y10.37%
5. Dividend
5.1 Amount
1AAPL has a yearly dividend return of 0.47%, which is pretty low.
In the last 3 months the price of 1AAPL has falen by -20.60%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 2.48, 1AAPL pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.43, 1AAPL's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.47% |
5.2 History
The dividend of 1AAPL has a limited annual growth rate of 5.30%.
Dividend Growth(5Y)5.3%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
1AAPL pays out 15.74% of its income as dividend. This is a sustainable payout ratio.
1AAPL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP15.74%
EPS Next 2Y9.95%
EPS Next 3Y10.37%
BIT:1AAPL (5/5/2025, 7:00:00 PM)
175.8
-5.24 (-2.89%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners62.58%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap2640.88B
Analysts77.86
Price Target209.01 (18.89%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.47% |
Yearly Dividend0.88
Dividend Growth(5Y)5.3%
DP15.74%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.21%
Min EPS beat(2)-0.58%
Max EPS beat(2)0.15%
EPS beat(4)3
Avg EPS beat(4)0.47%
Min EPS beat(4)-0.58%
Max EPS beat(4)1.95%
EPS beat(8)6
Avg EPS beat(8)1.25%
EPS beat(12)8
Avg EPS beat(12)0.83%
EPS beat(16)11
Avg EPS beat(16)3.01%
Revenue beat(2)0
Avg Revenue beat(2)-1.54%
Min Revenue beat(2)-1.82%
Max Revenue beat(2)-1.26%
Revenue beat(4)0
Avg Revenue beat(4)-1.3%
Min Revenue beat(4)-1.82%
Max Revenue beat(4)-0.52%
Revenue beat(8)0
Avg Revenue beat(8)-1.31%
Revenue beat(12)0
Avg Revenue beat(12)-1.5%
Revenue beat(16)3
Avg Revenue beat(16)-0.56%
PT rev (1m)-9.8%
PT rev (3m)-11.13%
EPS NQ rev (1m)-2.19%
EPS NQ rev (3m)-3.98%
EPS NY rev (1m)-0.74%
EPS NY rev (3m)-1.33%
Revenue NQ rev (1m)-0.39%
Revenue NQ rev (3m)-1.41%
Revenue NY rev (1m)-0.38%
Revenue NY rev (3m)-1.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.13 | ||
| Fwd PE | 24.44 | ||
| P/S | 7.48 | ||
| P/FCF | 30.42 | ||
| P/OCF | 27.34 | ||
| P/B | 44.85 | ||
| P/tB | 44.85 | ||
| EV/EBITDA | 21.74 |
EPS(TTM)6.25
EY3.56%
EPS(NY)7.19
Fwd EY4.09%
FCF(TTM)5.78
FCFY3.29%
OCF(TTM)6.43
OCFY3.66%
SpS23.5
BVpS3.92
TBVpS3.92
PEG (NY)2.88
PEG (5Y)1.57
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 29.37% | ||
| ROE | 145.66% | ||
| ROCE | 68.23% | ||
| ROIC | 56.03% | ||
| ROICexc | 74.88% | ||
| ROICexgc | 74.88% | ||
| OM | 31.81% | ||
| PM (TTM) | 24.3% | ||
| GM | 46.63% | ||
| FCFM | 24.6% |
ROA(3y)27.16%
ROA(5y)25.24%
ROE(3y)172.54%
ROE(5y)151.11%
ROIC(3y)48.83%
ROIC(5y)42.3%
ROICexc(3y)68.4%
ROICexc(5y)60.45%
ROICexgc(3y)68.4%
ROICexgc(5y)60.45%
ROCE(3y)60.19%
ROCE(5y)51.84%
ROICexcg growth 3Y12.71%
ROICexcg growth 5Y14.84%
ROICexc growth 3Y12.71%
ROICexc growth 5Y14.84%
OM growth 3Y1.9%
OM growth 5Y5.1%
PM growth 3Y-2.52%
PM growth 5Y2.45%
GM growth 3Y3.41%
GM growth 5Y4.09%
F-Score7
Asset Turnover1.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.27 | ||
| Debt/FCF | 1 | ||
| Debt/EBITDA | 0.61 | ||
| Cap/Depr | 96.24% | ||
| Cap/Sales | 2.76% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 78.89% | ||
| Profit Quality | 101.23% | ||
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.78 | ||
| Altman-Z | 9.11 |
F-Score7
WACC8.8%
ROIC/WACC6.37
Cap/Depr(3y)91.37%
Cap/Depr(5y)87.69%
Cap/Sales(3y)2.66%
Cap/Sales(5y)2.74%
Profit Quality(3y)110.14%
Profit Quality(5y)111.28%
High Growth Momentum
Growth
EPS 1Y (TTM)10.26%
EPS 3Y6.3%
EPS 5Y17.9%
EPS Q2Q%7.84%
EPS Next Y9.78%
EPS Next 2Y9.95%
EPS Next 3Y10.37%
EPS Next 5Y13.04%
Revenue 1Y (TTM)4.91%
Revenue growth 3Y2.25%
Revenue growth 5Y8.49%
Sales Q2Q%5.08%
Revenue Next Year4.45%
Revenue Next 2Y5.55%
Revenue Next 3Y5.72%
Revenue Next 5Y6.66%
EBIT growth 1Y7.72%
EBIT growth 3Y4.19%
EBIT growth 5Y14.02%
EBIT Next Year15.02%
EBIT Next 3Y10.49%
EBIT Next 5Y10.33%
FCF growth 1Y1.02%
FCF growth 3Y5.39%
FCF growth 5Y13.06%
OCF growth 1Y-0.03%
OCF growth 3Y4.36%
OCF growth 5Y11.25%