APPLE INC (APC.DE) Stock Fundamental Analysis
Europe - FRA:APC - US0378331005 - Common Stock
221.9 EUR
+2.15 (+0.98%)
We assign a fundamental rating of 7 out of 10 to APC. APC was compared to 30 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 quite expensive at the moment. 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.
APC had a positive operating cash flow in the past year.
In the past 5 years APC has always been profitable.
Each year in the past 5 years APC had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 29.95%, APC belongs to the best of the industry, outperforming 96.67% of the companies in the same industry.
The Return On Equity of APC (150.81%) is better than 96.67% of its industry peers.
APC's Return On Invested Capital of 55.09% is amongst the best of the industry. APC outperforms 96.67% of its industry peers.
The Average Return On Invested Capital over the past 3 years for APC is significantly above the industry average of 17.60%.
The 3 year average ROIC (48.83%) for APC is below the current ROIC(55.09%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 29.95% | ||
| ROE | 150.81% | ||
| ROIC | 55.09% |
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
The Profit Margin of APC (24.30%) is better than 96.67% of its industry peers.
APC's Profit Margin has improved in the last couple of years.
APC's Operating Margin of 31.87% is amongst the best of the industry. APC outperforms 96.67% of its industry peers.
In the last couple of years the Operating Margin of APC has grown nicely.
APC has a better Gross Margin (46.68%) than 83.33% of its industry peers.
In the last couple of years the Gross Margin of APC has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.87% | ||
| PM (TTM) | 24.3% | ||
| GM | 46.68% |
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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so APC is creating value.
APC has less shares outstanding than it did 1 year ago.
APC has less shares outstanding than it did 5 years ago.
The debt/assets ratio for APC has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 10.98 indicates that APC is not in any danger for bankruptcy at the moment.
APC has a better Altman-Z score (10.98) than 96.67% of its industry peers.
APC has a debt to FCF ratio of 1.06. This is a very positive value and a sign of high solvency as it would only need 1.06 years to pay back of all of its debts.
The Debt to FCF ratio of APC (1.06) is better than 83.33% of its industry peers.
APC has a Debt/Equity ratio of 1.40. This is a high value indicating a heavy dependency on external financing.
APC has a Debt to Equity ratio of 1.40. This is in the lower half of the industry: APC underperforms 76.67% of its industry peers.
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 | 1.4 | ||
| Debt/FCF | 1.06 | ||
| Altman-Z | 10.98 |
ROIC/WACC6.38
WACC8.63%
2.3 Liquidity
APC has a Current Ratio of 0.87. 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 0.87. This is amonst the worse of the industry: APC underperforms 80.00% of its industry peers.
A Quick Ratio of 0.83 indicates that APC may have some problems paying its short term obligations.
APC has a worse Quick ratio (0.83) than 70.00% 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 | 0.87 | ||
| Quick Ratio | 0.83 |
3. Growth
3.1 Past
APC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.50%, which is quite good.
APC shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 17.90% yearly.
Looking at the last year, APC shows a small growth in Revenue. The Revenue has grown by 5.97% 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)10.5%
EPS 3Y6.3%
EPS 5Y17.9%
EPS Q2Q%12.14%
Revenue 1Y (TTM)5.97%
Revenue growth 3Y2.25%
Revenue growth 5Y8.49%
Sales Q2Q%9.63%
3.2 Future
The Earnings Per Share is expected to grow by 10.53% 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 6.05% on average per year.
EPS Next Y11.38%
EPS Next 2Y9.97%
EPS Next 3Y10.06%
EPS Next 5Y10.53%
Revenue Next Year6.12%
Revenue Next 2Y5.88%
Revenue Next 3Y5.99%
Revenue Next 5Y6.05%
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
APC is valuated quite expensively with a Price/Earnings ratio of 35.68.
The rest of the industry has a similar Price/Earnings ratio as APC.
APC's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.91.
A Price/Forward Earnings ratio of 31.71 indicates a quite expensive valuation of APC.
Compared to the rest of the industry, the Price/Forward Earnings ratio of APC indicates a slightly more expensive valuation: APC is more expensive than 60.00% of the companies listed in the same industry.
APC's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 23.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.68 | ||
| Fwd PE | 31.71 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of APC is on the same level as its industry peers.
APC's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 39.94 | ||
| EV/EBITDA | 26.97 |
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)3.13
PEG (5Y)1.99
EPS Next 2Y9.97%
EPS Next 3Y10.06%
5. Dividend
5.1 Amount
APC has a yearly dividend return of 0.40%, which is pretty low.
APC's Dividend Yield is a higher than the industry average which is at 2.37.
With a Dividend Yield of 0.40, APC pays less dividend than the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.4% |
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 15.47% of its income as dividend. This is a sustainable payout ratio.
The dividend of APC is growing, but earnings are growing more, so the dividend growth is sustainable.
DP15.47%
EPS Next 2Y9.97%
EPS Next 3Y10.06%
FRA:APC (10/8/2025, 7:00:00 PM)
221.9
+2.15 (+0.98%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners63.51%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap3293.08B
Analysts77.86
Price Target213.92 (-3.6%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.4% |
Yearly Dividend0.85
Dividend Growth(5Y)5.3%
DP15.47%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.38%
Min EPS beat(2)-0.58%
Max EPS beat(2)7.34%
EPS beat(4)3
Avg EPS beat(4)1.81%
Min EPS beat(4)-0.58%
Max EPS beat(4)7.34%
EPS beat(8)6
Avg EPS beat(8)1.74%
EPS beat(12)8
Avg EPS beat(12)1.34%
EPS beat(16)11
Avg EPS beat(16)1.81%
Revenue beat(2)1
Avg Revenue beat(2)0.85%
Min Revenue beat(2)-1.26%
Max Revenue beat(2)2.97%
Revenue beat(4)1
Avg Revenue beat(4)-0.43%
Min Revenue beat(4)-1.82%
Max Revenue beat(4)2.97%
Revenue beat(8)1
Avg Revenue beat(8)-0.71%
Revenue beat(12)1
Avg Revenue beat(12)-1.1%
Revenue beat(16)3
Avg Revenue beat(16)-0.93%
PT rev (1m)2.97%
PT rev (3m)4.57%
EPS NQ rev (1m)0.08%
EPS NQ rev (3m)5.75%
EPS NY rev (1m)-0.04%
EPS NY rev (3m)2.77%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)3.49%
Revenue NY rev (1m)-0.07%
Revenue NY rev (3m)1.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.68 | ||
| Fwd PE | 31.71 | ||
| P/S | 9.4 | ||
| P/FCF | 39.94 | ||
| P/OCF | 35.39 | ||
| P/B | 58.36 | ||
| P/tB | 58.36 | ||
| EV/EBITDA | 26.97 |
EPS(TTM)6.22
EY2.8%
EPS(NY)7
Fwd EY3.15%
FCF(TTM)5.56
FCFY2.5%
OCF(TTM)6.27
OCFY2.83%
SpS23.6
BVpS3.8
TBVpS3.8
PEG (NY)3.13
PEG (5Y)1.99
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 29.95% | ||
| ROE | 150.81% | ||
| ROCE | 68.4% | ||
| ROIC | 55.09% | ||
| ROICexc | 76.14% | ||
| ROICexgc | 76.14% | ||
| OM | 31.87% | ||
| PM (TTM) | 24.3% | ||
| GM | 46.68% | ||
| FCFM | 23.54% |
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 Turnover1.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.4 | ||
| Debt/FCF | 1.06 | ||
| Debt/EBITDA | 0.65 | ||
| Cap/Depr | 107.83% | ||
| Cap/Sales | 3.03% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 76.62% | ||
| Profit Quality | 96.88% | ||
| Current Ratio | 0.87 | ||
| Quick Ratio | 0.83 | ||
| Altman-Z | 10.98 |
F-Score7
WACC8.63%
ROIC/WACC6.38
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)10.5%
EPS 3Y6.3%
EPS 5Y17.9%
EPS Q2Q%12.14%
EPS Next Y11.38%
EPS Next 2Y9.97%
EPS Next 3Y10.06%
EPS Next 5Y10.53%
Revenue 1Y (TTM)5.97%
Revenue growth 3Y2.25%
Revenue growth 5Y8.49%
Sales Q2Q%9.63%
Revenue Next Year6.12%
Revenue Next 2Y5.88%
Revenue Next 3Y5.99%
Revenue Next 5Y6.05%
EBIT growth 1Y7.98%
EBIT growth 3Y4.19%
EBIT growth 5Y14.02%
EBIT Next Year17.05%
EBIT Next 3Y10.02%
EBIT Next 5Y9.62%
FCF growth 1Y-4.76%
FCF growth 3Y5.39%
FCF growth 5Y13.06%
OCF growth 1Y-3.99%
OCF growth 3Y4.36%
OCF growth 5Y11.25%