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 30 industry peers in the Technology Hardware, Storage & Peripherals industry. APC scores excellent points on both the profitability and health parts. This is a solid base for a good stock. APC is valied quite expensively at the moment, while it does show a decent growth rate. These ratings would make APC suitable 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.
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 Return On Assets of 29.37%. This is amongst the best in the industry. APC outperforms 100.00% of its industry peers.
APC has a better Return On Equity (145.66%) than 100.00% of its industry peers.
APC has a better Return On Invested Capital (56.03%) than 100.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for APC is significantly above the industry average of 16.71%.
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 100.00% 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 100.00% 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 86.67% 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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), APC is creating value.
APC has less shares outstanding than it did 1 year ago.
The number of shares outstanding for APC has been reduced compared to 5 years ago.
APC has a better debt/assets ratio than last year.
2.2 Solvency
APC has an Altman-Z score of 9.20. This indicates that APC is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 9.20, APC belongs to the best of the industry, outperforming 96.67% 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 has a better Debt to FCF ratio (1.00) than 90.00% 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 66.67% 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 | 9.2 |
ROIC/WACC6.19
WACC9.05%
2.3 Liquidity
APC has a Current 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.
APC has a worse Current ratio (0.82) than 73.33% of its industry peers.
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.
Looking at the Quick ratio, with a value of 0.78, APC is doing worse than 73.33% 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 | 0.82 | ||
| 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.
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%.
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.
APC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.66% yearly.
EPS Next Y8.31%
EPS Next 2Y8.52%
EPS Next 3Y8.97%
EPS Next 5Y13.04%
Revenue Next Year4.23%
Revenue Next 2Y4.98%
Revenue Next 3Y5.31%
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
Based on the Price/Earnings ratio of 27.65, the valuation of APC can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of APC is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 25.91, APC is valued at the same level.
With a Price/Forward Earnings ratio of 24.66, APC is valued on the expensive side.
APC's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. APC is more expensive than 60.00% of the companies in the same industry.
APC's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.85.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.65 | ||
| Fwd PE | 24.66 |
4.2 Price Multiples
60.00% of the companies in the same industry are cheaper than APC, based on the Enterprise Value to EBITDA ratio.
APC's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.9 | ||
| EV/EBITDA | 22.02 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
APC has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)3.33
PEG (5Y)1.54
EPS Next 2Y8.52%
EPS Next 3Y8.97%
5. Dividend
5.1 Amount
APC has a yearly dividend return of 0.49%, which is pretty low.
The stock price of APC dropped by -24.39% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
APC's Dividend Yield is a higher than the industry average which is at 2.43.
Compared to an average S&P500 Dividend Yield of 2.36, 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
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 2Y8.52%
EPS Next 3Y8.97%
FRA:APC (5/23/2025, 3:53:12 PM)
173.34
-5.26 (-2.95%)
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 Cap2603.93B
Analysts77.86
Price Target209.97 (21.13%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.49% |
Yearly Dividend0.89
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)-10.39%
PT rev (3m)-10.78%
EPS NQ rev (1m)-3.54%
EPS NQ rev (3m)-5.92%
EPS NY rev (1m)-1.33%
EPS NY rev (3m)-2.38%
Revenue NQ rev (1m)-0.4%
Revenue NQ rev (3m)-0.98%
Revenue NY rev (1m)-0.32%
Revenue NY rev (3m)-0.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.65 | ||
| Fwd PE | 24.66 | ||
| P/S | 7.36 | ||
| P/FCF | 29.9 | ||
| P/OCF | 26.88 | ||
| P/B | 44.09 | ||
| P/tB | 44.09 | ||
| EV/EBITDA | 22.02 |
EPS(TTM)6.27
EY3.62%
EPS(NY)7.03
Fwd EY4.06%
FCF(TTM)5.8
FCFY3.34%
OCF(TTM)6.45
OCFY3.72%
SpS23.57
BVpS3.93
TBVpS3.93
PEG (NY)3.33
PEG (5Y)1.54
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 | 9.2 |
F-Score7
WACC9.05%
ROIC/WACC6.19
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 Y8.31%
EPS Next 2Y8.52%
EPS Next 3Y8.97%
EPS Next 5Y13.04%
Revenue 1Y (TTM)4.91%
Revenue growth 3Y2.25%
Revenue growth 5Y8.49%
Sales Q2Q%5.08%
Revenue Next Year4.23%
Revenue Next 2Y4.98%
Revenue Next 3Y5.31%
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%