APPLE INC (APC.DE) Stock Fundamental Analysis
FRA:APC - Deutsche Boerse Ag - US0378331005 - Common Stock - Currency: EUR
Taking everything into account, APC scores 7 out of 10 in our fundamental rating. APC was compared to 25 industry peers in the Technology Hardware, Storage & Peripherals industry. APC has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. APC is valied quite expensively at the moment, while it does show a decent growth rate. This makes APC very considerable for quality investing!
1. Profitability
1.1 Basic Checks
APC had positive earnings in the past year.
In the past year APC had a positive cash flow from operations.
Each year in the past 5 years APC has been profitable.
In the past 5 years APC always reported a positive cash flow from operatings.
1.2 Ratios
APC has a Return On Assets of 27.94%. This is amongst the best in the industry. APC outperforms 100.00% of its industry peers.
With an excellent Return On Equity value of 144.03%, APC belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
The Return On Invested Capital of APC (52.80%) is better than 100.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for APC is significantly above the industry average of 16.60%.
The 3 year average ROIC (48.83%) for APC is below the current ROIC(52.80%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 27.94% | ||
| ROE | 144.03% | ||
| ROIC | 52.8% |
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 100.00% of the companies in the same industry.
In the last couple of years the Profit Margin of APC has grown nicely.
APC's Operating Margin of 31.76% is amongst the best of the industry. APC outperforms 100.00% of its industry peers.
APC's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 46.52%, APC belongs to the top of the industry, outperforming 84.00% of the companies in the same industry.
In the last couple of years the Gross Margin of APC has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.76% | ||
| PM (TTM) | 24.3% | ||
| GM | 46.52% |
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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), APC is creating value.
Compared to 1 year ago, APC has less shares outstanding
APC has less shares outstanding than it did 5 years ago.
APC has a better debt/assets ratio than last year.
2.2 Solvency
APC has an Altman-Z score of 9.13. This indicates that APC is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 9.13, APC belongs to the best of the industry, outperforming 96.00% of the companies in the same industry.
The Debt to FCF ratio of APC is 0.98, which is an excellent value as it means it would take APC, only 0.98 years of fcf income to pay off all of its debts.
APC has a better Debt to FCF ratio (0.98) than 92.00% of its industry peers.
APC has a Debt/Equity ratio of 1.29. This is a high value indicating a heavy dependency on external financing.
APC has a worse Debt to Equity ratio (1.29) than 68.00% 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 | 1.29 | ||
| Debt/FCF | 0.98 | ||
| Altman-Z | 9.13 |
ROIC/WACC6.08
WACC8.68%
2.3 Liquidity
APC has a Current Ratio of 0.92. This is a bad value and indicates that APC is not financially healthy enough and could expect problems in meeting its short term obligations.
APC has a Current ratio of 0.92. This is in the lower half of the industry: APC underperforms 72.00% of its industry peers.
APC has a Quick Ratio of 0.92. This is a bad value and indicates that APC is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.88, APC is doing worse than 68.00% of the companies in the same industry.
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 | 0.92 | ||
| Quick Ratio | 0.88 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 8.57% over the past year.
APC shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 17.90% yearly.
APC shows a small growth in Revenue. In the last year, the Revenue has grown by 2.61%.
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)8.57%
EPS 3Y6.3%
EPS 5Y17.9%
EPS Q2Q%10.09%
Revenue 1Y (TTM)2.61%
Revenue growth 3Y2.25%
Revenue growth 5Y8.49%
Sales Q2Q%3.95%
3.2 Future
Based on estimates for the next years, APC will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.04% on average per year.
The Revenue is expected to grow by 6.66% on average over the next years.
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
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 29.85, APC can be considered very expensive at the moment.
The rest of the industry has a similar Price/Earnings ratio as APC.
The average S&P500 Price/Earnings ratio is at 27.75. APC is around the same levels.
The Price/Forward Earnings ratio is 25.51, which means the current valuation is very expensive for APC.
64.00% of the companies in the same industry are cheaper than APC, based on the Price/Forward Earnings ratio.
APC's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 20.49.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.85 | ||
| Fwd PE | 25.51 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of APC indicates a slightly more expensive valuation: APC is more expensive than 60.00% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of APC indicates a somewhat cheap valuation: APC is cheaper than 68.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.81 | ||
| EV/EBITDA | 23.2 |
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)3.05
PEG (5Y)1.67
EPS Next 2Y9.95%
EPS Next 3Y10.37%
5. Dividend
5.1 Amount
With a yearly dividend of 0.48%, APC is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.65, APC pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, APC's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.48% |
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 15.88% 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.
DP15.88%
EPS Next 2Y9.95%
EPS Next 3Y10.37%
FRA:APC (5/2/2025, 3:08:07 PM)
183
-2.52 (-1.36%)
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 Cap2749.04B
Analysts76.47
Price Target208.91 (14.16%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.48% |
Yearly Dividend0.87
Dividend Growth(5Y)5.3%
DP15.88%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)0.25%
Min EPS beat(2)0.15%
Max EPS beat(2)0.35%
EPS beat(4)3
Avg EPS beat(4)0.61%
Min EPS beat(4)-0.02%
Max EPS beat(4)1.95%
EPS beat(8)7
Avg EPS beat(8)1.81%
EPS beat(12)9
Avg EPS beat(12)1.24%
EPS beat(16)12
Avg EPS beat(16)5.49%
Revenue beat(2)0
Avg Revenue beat(2)-1.71%
Min Revenue beat(2)-1.82%
Max Revenue beat(2)-1.6%
Revenue beat(4)0
Avg Revenue beat(4)-1.27%
Min Revenue beat(4)-1.82%
Max Revenue beat(4)-0.52%
Revenue beat(8)0
Avg Revenue beat(8)-1.15%
Revenue beat(12)1
Avg Revenue beat(12)-1.28%
Revenue beat(16)4
Avg Revenue beat(16)0.37%
PT rev (1m)-13.31%
PT rev (3m)-11.57%
EPS NQ rev (1m)-0.42%
EPS NQ rev (3m)-4.57%
EPS NY rev (1m)-0.74%
EPS NY rev (3m)-1.76%
Revenue NQ rev (1m)-0.26%
Revenue NQ rev (3m)-2.63%
Revenue NY rev (1m)-0.4%
Revenue NY rev (3m)-1.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.85 | ||
| Fwd PE | 25.51 | ||
| P/S | 7.9 | ||
| P/FCF | 31.81 | ||
| P/OCF | 28.87 | ||
| P/B | 46.83 | ||
| P/tB | 46.83 | ||
| EV/EBITDA | 23.2 |
EPS(TTM)6.13
EY3.35%
EPS(NY)7.17
Fwd EY3.92%
FCF(TTM)5.75
FCFY3.14%
OCF(TTM)6.34
OCFY3.46%
SpS23.16
BVpS3.91
TBVpS3.91
PEG (NY)3.05
PEG (5Y)1.67
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 27.94% | ||
| ROE | 144.03% | ||
| ROCE | 62.93% | ||
| ROIC | 52.8% | ||
| ROICexc | 71.99% | ||
| ROICexgc | 71.99% | ||
| OM | 31.76% | ||
| PM (TTM) | 24.3% | ||
| GM | 46.52% | ||
| FCFM | 24.84% |
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 Turnover1.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.29 | ||
| Debt/FCF | 0.98 | ||
| Debt/EBITDA | 0.63 | ||
| Cap/Depr | 85.6% | ||
| Cap/Sales | 2.53% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 78.84% | ||
| Profit Quality | 102.24% | ||
| Current Ratio | 0.92 | ||
| Quick Ratio | 0.88 | ||
| Altman-Z | 9.13 |
F-Score7
WACC8.68%
ROIC/WACC6.08
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)8.57%
EPS 3Y6.3%
EPS 5Y17.9%
EPS Q2Q%10.09%
EPS Next Y9.78%
EPS Next 2Y9.95%
EPS Next 3Y10.37%
EPS Next 5Y13.04%
Revenue 1Y (TTM)2.61%
Revenue growth 3Y2.25%
Revenue growth 5Y8.49%
Sales Q2Q%3.95%
Revenue Next Year4.45%
Revenue Next 2Y5.55%
Revenue Next 3Y5.72%
Revenue Next 5Y6.66%
EBIT growth 1Y5.91%
EBIT growth 3Y4.19%
EBIT growth 5Y14.02%
EBIT Next Year15.02%
EBIT Next 3Y10.49%
EBIT Next 5Y10.33%
FCF growth 1Y0.82%
FCF growth 3Y5.39%
FCF growth 5Y13.06%
OCF growth 1Y-0.82%
OCF growth 3Y4.36%
OCF growth 5Y11.25%