APPLE INC (APC.DE) Stock Fundamental Analysis
FRA:APC - Deutsche Boerse Ag - US0378331005 - Common Stock - Currency: EUR
Overall APC gets a fundamental rating of 7 out of 10. We evaluated APC against 29 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.
APC had positive earnings in each of the past 5 years.
In the past 5 years APC always reported a positive cash flow from operatings.
1.2 Ratios
APC's Return On Assets of 29.37% is amongst the best of the industry. APC outperforms 96.43% of its industry peers.
With an excellent Return On Equity value of 145.66%, APC belongs to the best of the industry, outperforming 96.43% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 56.03%, APC belongs to the top of the industry, outperforming 96.43% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for APC is significantly above the industry average of 18.07%.
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
With an excellent Profit Margin value of 24.30%, APC belongs to the best of the industry, outperforming 96.43% of the companies in the same industry.
APC's Profit Margin has improved in the last couple of years.
APC has a Operating Margin of 31.81%. This is amongst the best in the industry. APC outperforms 96.43% of its industry peers.
In the last couple of years the Operating Margin of APC has grown nicely.
APC has a Gross Margin of 46.63%. This is amongst the best in the industry. APC outperforms 82.14% 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
An Altman-Z score of 9.55 indicates that APC is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 9.55, APC belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
APC 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.
The Debt to FCF ratio of APC (1.00) is better than 85.71% of its industry peers.
A Debt/Equity ratio of 1.27 is on the high side and indicates that APC has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.27, APC is doing worse than 75.00% of the companies in the same industry.
Although APC 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 | 9.55 |
ROIC/WACC6.31
WACC8.88%
2.3 Liquidity
A Current Ratio of 0.82 indicates that APC may have some problems paying its short term obligations.
APC has a Current ratio of 0.82. This is in the lower half of the industry: APC underperforms 78.57% of its industry peers.
A Quick Ratio of 0.78 indicates that APC may have some problems paying its short term obligations.
APC's Quick ratio of 0.78 is on the low side compared to the rest of the industry. APC is outperformed by 75.00% of its industry peers.
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
The Earnings Per Share has grown by an nice 10.26% over the past year.
Measured over the past years, APC shows a quite strong growth in Earnings Per Share. The EPS has been growing by 17.90% on average per year.
APC shows a small growth in Revenue. In the last year, the Revenue has grown by 4.91%.
APC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.49% yearly.
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 12.49% on average over the next years. This is quite good.
Based on estimates for the next years, APC will show a small growth in Revenue. The Revenue will grow by 6.22% on average per year.
EPS Next Y8.37%
EPS Next 2Y8.43%
EPS Next 3Y8.81%
EPS Next 5Y12.49%
Revenue Next Year4.27%
Revenue Next 2Y4.94%
Revenue Next 3Y5.25%
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
The Price/Earnings ratio is 29.74, which means the current valuation is very expensive for APC.
APC's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of APC to the average of the S&P500 Index (27.30), we can say APC is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 26.59, the valuation of APC can be described as expensive.
Based on the Price/Forward Earnings ratio, APC is valued a bit more expensive than the industry average as 60.71% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, APC is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.74 | ||
| Fwd PE | 26.59 |
4.2 Price Multiples
APC's Enterprise Value to EBITDA ratio is in line with the industry average.
APC's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 32.01 | ||
| EV/EBITDA | 23.11 |
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.
The excellent profitability rating of APC may justify a higher PE ratio.
PEG (NY)3.55
PEG (5Y)1.66
EPS Next 2Y8.43%
EPS Next 3Y8.81%
5. Dividend
5.1 Amount
APC has a yearly dividend return of 0.49%, which is pretty low.
APC's Dividend Yield is a higher than the industry average which is at 2.35.
With a Dividend Yield of 0.49, APC pays less dividend than the S&P500 average, which is at 2.35.
| 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
15.74% of the earnings are spent on dividend by APC. This is a low number and sustainable payout ratio.
APC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP15.74%
EPS Next 2Y8.43%
EPS Next 3Y8.81%
FRA:APC (7/11/2025, 7:00:00 PM)
180.24
-1.96 (-1.08%)
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 Cap2692.03B
Analysts76.79
Price Target204.57 (13.5%)
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)-2.57%
PT rev (3m)-12.69%
EPS NQ rev (1m)0.13%
EPS NQ rev (3m)-5.6%
EPS NY rev (1m)0.06%
EPS NY rev (3m)-2%
Revenue NQ rev (1m)0.06%
Revenue NQ rev (3m)-0.76%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)-0.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.74 | ||
| Fwd PE | 26.59 | ||
| P/S | 7.87 | ||
| P/FCF | 32.01 | ||
| P/OCF | 28.77 | ||
| P/B | 47.19 | ||
| P/tB | 47.19 | ||
| EV/EBITDA | 23.11 |
EPS(TTM)6.06
EY3.36%
EPS(NY)6.78
Fwd EY3.76%
FCF(TTM)5.63
FCFY3.12%
OCF(TTM)6.26
OCFY3.48%
SpS22.89
BVpS3.82
TBVpS3.82
PEG (NY)3.55
PEG (5Y)1.66
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 | 9.55 |
F-Score7
WACC8.88%
ROIC/WACC6.31
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 Y8.37%
EPS Next 2Y8.43%
EPS Next 3Y8.81%
EPS Next 5Y12.49%
Revenue 1Y (TTM)4.91%
Revenue growth 3Y2.25%
Revenue growth 5Y8.49%
Sales Q2Q%5.08%
Revenue Next Year4.27%
Revenue Next 2Y4.94%
Revenue Next 3Y5.25%
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%