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 28 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. 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 29.37%, APC belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
APC has a Return On Equity of 145.66%. This is amongst the best in the industry. APC outperforms 100.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 56.03%, APC belongs to the top of the industry, outperforming 100.00% 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 15.99%.
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 100.00% of its industry peers.
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's Gross Margin of 46.63% is amongst the best of the industry. APC outperforms 85.71% of its industry peers.
In the last couple of years the Gross Margin of APC has grown nicely.
| 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.
The number of shares outstanding for APC has been reduced compared to 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 8.97 indicates that APC is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 8.97, APC belongs to the top of the industry, outperforming 89.29% 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.
Looking at the Debt to FCF ratio, with a value of 1.00, APC belongs to the top of the industry, outperforming 89.29% of the companies in the same industry.
APC has a Debt/Equity ratio of 1.27. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.27, APC is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
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 | 8.97 |
ROIC/WACC5.56
WACC10.07%
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 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.
Looking at the Quick ratio, with a value of 0.78, APC is doing worse than 75.00% of the companies in the same industry.
APC does not score too well on the current and quick ratio evaluation. However, as it has 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.
The Earnings Per Share has been growing by 17.90% on average over the past years. This is quite good.
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.
APC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.22% yearly.
EPS Next Y8.31%
EPS Next 2Y8.52%
EPS Next 3Y8.97%
EPS Next 5Y12.49%
Revenue Next Year4.23%
Revenue Next 2Y4.91%
Revenue Next 3Y5.16%
Revenue Next 5Y6.22%
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 27.70, the valuation of APC can be described as expensive.
The rest of the industry has a similar Price/Earnings ratio as APC.
APC is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.32, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 24.71 indicates a rather expensive valuation of APC.
Based on the Price/Forward Earnings ratio, APC is valued a bit more expensive than 60.71% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.13. APC is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.7 | ||
| Fwd PE | 24.71 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, APC is valued a bit more expensive than the industry average as 60.71% of the companies are valued more cheaply.
APC's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. APC is cheaper than 64.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.79 | ||
| EV/EBITDA | 21.29 |
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)1.55
EPS Next 2Y8.52%
EPS Next 3Y8.97%
5. Dividend
5.1 Amount
APC has a yearly dividend return of 0.52%, which is pretty low.
APC's Dividend Yield is a higher than the industry average which is at 2.28.
With a Dividend Yield of 0.52, APC pays less dividend than the S&P500 average, which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.52% |
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 (6/16/2025, 3:00:18 PM)
170.64
+0.02 (+0.01%)
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 Cap2548.65B
Analysts77.54
Price Target205.58 (20.48%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.52% |
Yearly Dividend0.86
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)-2.09%
PT rev (3m)-14.69%
EPS NQ rev (1m)-0.07%
EPS NQ rev (3m)-5.74%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.38%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)-0.83%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.7 | ||
| Fwd PE | 24.71 | ||
| P/S | 7.33 | ||
| P/FCF | 29.79 | ||
| P/OCF | 26.78 | ||
| P/B | 43.92 | ||
| P/tB | 43.92 | ||
| EV/EBITDA | 21.29 |
EPS(TTM)6.16
EY3.61%
EPS(NY)6.91
Fwd EY4.05%
FCF(TTM)5.73
FCFY3.36%
OCF(TTM)6.37
OCFY3.73%
SpS23.29
BVpS3.88
TBVpS3.88
PEG (NY)3.33
PEG (5Y)1.55
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 | 8.97 |
F-Score7
WACC10.07%
ROIC/WACC5.56
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 5Y12.49%
Revenue 1Y (TTM)4.91%
Revenue growth 3Y2.25%
Revenue growth 5Y8.49%
Sales Q2Q%5.08%
Revenue Next Year4.23%
Revenue Next 2Y4.91%
Revenue Next 3Y5.16%
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%