APPLE INC (APC.DE) Stock Fundamental Analysis
FRA:APC - Deutsche Boerse Ag - US0378331005 - Common Stock - Currency: EUR
APC gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 27 industry peers in the Technology Hardware, Storage & Peripherals industry. Both the health and profitability get an excellent rating, making APC a very profitable company, without any liquidiy or solvency issues. APC is quite expensive at the moment. It does show a decent growth rate. These ratings could make APC a good candidate for quality investing.
1. Profitability
1.1 Basic Checks
In the past year APC was profitable.
In the past year APC had a positive cash flow from operations.
In the past 5 years APC has always been profitable.
In the past 5 years APC always reported a positive cash flow from operatings.
1.2 Ratios
APC has a better Return On Assets (29.37%) than 96.30% of its industry peers.
APC has a better Return On Equity (145.66%) than 96.30% of its industry peers.
APC has a better Return On Invested Capital (56.03%) than 96.30% of its industry peers.
APC had an Average Return On Invested Capital over the past 3 years of 48.83%. This is significantly above the industry average of 17.22%.
The last Return On Invested Capital (56.03%) for APC 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
APC's Profit Margin of 24.30% is amongst the best of the industry. APC outperforms 96.30% of its industry peers.
APC's Profit Margin has improved in the last couple of years.
APC has a better Operating Margin (31.81%) than 96.30% of its industry peers.
In the last couple of years the Operating Margin of APC has grown nicely.
The Gross Margin of APC (46.63%) is better than 81.48% of its industry peers.
APC's Gross Margin has improved in the last couple of years.
| 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
APC has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for APC has been reduced compared to 1 year ago.
Compared to 5 years ago, APC has less shares outstanding
Compared to 1 year ago, APC has an improved debt to assets ratio.
2.2 Solvency
APC has an Altman-Z score of 9.39. This indicates that APC is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 9.39, APC belongs to the best of the industry, outperforming 88.89% of the companies in the same industry.
The Debt to FCF ratio of APC is 1.00, which is an excellent value as it means it would take APC, only 1.00 years of fcf income to pay off all of its debts.
APC's Debt to FCF ratio of 1.00 is amongst the best of the industry. APC outperforms 85.19% of its industry peers.
APC 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 APC (1.27) is worse than 77.78% of its industry peers.
Even though the debt/equity ratio score it not favorable for APC, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.27 | ||
| Debt/FCF | 1 | ||
| Altman-Z | 9.39 |
ROIC/WACC6.35
WACC8.83%
2.3 Liquidity
A Current Ratio of 0.82 indicates that APC may have some problems paying its short term obligations.
With a Current ratio value of 0.82, APC is not doing good in the industry: 81.48% of the companies in the same industry are doing better.
APC has a Quick Ratio of 0.82. This is a bad value and indicates that APC is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.78, APC is not doing good in the industry: 77.78% of the companies in the same industry are doing better.
The current and quick ratio evaluation for APC 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
APC 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.
The Revenue has been growing slightly by 4.91% in the past year.
Measured over the past years, APC shows a quite strong growth in Revenue. The Revenue has been growing by 8.49% on average per year.
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
APC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.49% yearly.
APC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.22% yearly.
EPS Next Y8.34%
EPS Next 2Y8.4%
EPS Next 3Y8.73%
EPS Next 5Y12.49%
Revenue Next Year4.28%
Revenue Next 2Y4.99%
Revenue Next 3Y5.22%
Revenue Next 5Y6.22%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of 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 28.44, APC can be considered very expensive at the moment.
APC's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 26.82. APC is around the same levels.
APC is valuated quite expensively with a Price/Forward Earnings ratio of 25.40.
APC's Price/Forward Earnings ratio is in line with the industry average.
APC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 36.21, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.44 | ||
| Fwd PE | 25.4 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as APC.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of APC is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.56 | ||
| EV/EBITDA | 22.62 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates APC does not grow enough to justify the current Price/Earnings ratio.
APC has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)3.41
PEG (5Y)1.59
EPS Next 2Y8.4%
EPS Next 3Y8.73%
5. Dividend
5.1 Amount
With a yearly dividend of 0.49%, APC is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.23, APC pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.35, APC's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.49% |
5.2 History
The dividend of APC has a limited annual growth rate of 5.30%.
Dividend Growth(5Y)5.3%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
APC pays out 15.74% of its income as dividend. This is a sustainable payout ratio.
APC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP15.74%
EPS Next 2Y8.4%
EPS Next 3Y8.73%
FRA:APC (8/1/2025, 7:00:00 PM)
176.04
-6.34 (-3.48%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners62.72%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap2629.30B
Analysts76.79
Price Target205.5 (16.73%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.49% |
Yearly Dividend0.85
Dividend Growth(5Y)5.3%
DP15.74%
Div Incr Years1
Div Non Decr Years1
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)0.45%
PT rev (3m)-1.63%
EPS NQ rev (1m)0.72%
EPS NQ rev (3m)-2.92%
EPS NY rev (1m)-0.03%
EPS NY rev (3m)-1.31%
Revenue NQ rev (1m)0.5%
Revenue NQ rev (3m)0.07%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)-0.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.44 | ||
| Fwd PE | 25.4 | ||
| P/S | 7.52 | ||
| P/FCF | 30.56 | ||
| P/OCF | 27.47 | ||
| P/B | 45.06 | ||
| P/tB | 45.06 | ||
| EV/EBITDA | 22.62 |
EPS(TTM)6.19
EY3.52%
EPS(NY)6.93
Fwd EY3.94%
FCF(TTM)5.76
FCFY3.27%
OCF(TTM)6.41
OCFY3.64%
SpS23.42
BVpS3.91
TBVpS3.91
PEG (NY)3.41
PEG (5Y)1.59
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 | 9.39 |
F-Score7
WACC8.83%
ROIC/WACC6.35
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 Y8.34%
EPS Next 2Y8.4%
EPS Next 3Y8.73%
EPS Next 5Y12.49%
Revenue 1Y (TTM)4.91%
Revenue growth 3Y2.25%
Revenue growth 5Y8.49%
Sales Q2Q%5.08%
Revenue Next Year4.28%
Revenue Next 2Y4.99%
Revenue Next 3Y5.22%
Revenue Next 5Y6.22%
EBIT growth 1Y7.72%
EBIT growth 3Y4.19%
EBIT growth 5Y14.02%
EBIT Next Year13.64%
EBIT Next 3Y8.92%
EBIT Next 5Y9.21%
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%