APPLE INC (1AAPL.MI) Stock Fundamental Analysis
BIT:1AAPL - Euronext Milan - US0378331005 - Common Stock - Currency: EUR
1AAPL 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. 1AAPL gets an excellent profitability rating and is at the same time showing great financial health properties. While showing a medium growth rate, 1AAPL is valued expensive at the moment. This makes 1AAPL very considerable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year 1AAPL was profitable.
In the past year 1AAPL had a positive cash flow from operations.
1AAPL had positive earnings in each of the past 5 years.
Each year in the past 5 years 1AAPL had a positive operating cash flow.
1.2 Ratios
1AAPL has a Return On Assets of 27.94%. This is amongst the best in the industry. 1AAPL outperforms 96.43% of its industry peers.
With an excellent Return On Equity value of 144.03%, 1AAPL belongs to the best of the industry, outperforming 96.43% of the companies in the same industry.
1AAPL has a Return On Invested Capital of 52.80%. This is amongst the best in the industry. 1AAPL outperforms 96.43% of its industry peers.
1AAPL had an Average Return On Invested Capital over the past 3 years of 48.83%. This is significantly above the industry average of 15.94%.
The last Return On Invested Capital (52.80%) for 1AAPL is above the 3 year average (48.83%), which is a sign of increasing profitability.
| 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
Looking at the Profit Margin, with a value of 24.30%, 1AAPL belongs to the top of the industry, outperforming 96.43% of the companies in the same industry.
In the last couple of years the Profit Margin of 1AAPL has grown nicely.
Looking at the Operating Margin, with a value of 31.76%, 1AAPL belongs to the top of the industry, outperforming 96.43% of the companies in the same industry.
In the last couple of years the Operating Margin of 1AAPL has grown nicely.
With an excellent Gross Margin value of 46.52%, 1AAPL belongs to the best of the industry, outperforming 82.14% of the companies in the same industry.
1AAPL's Gross Margin has improved in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 1AAPL is creating value.
The number of shares outstanding for 1AAPL has been reduced compared to 1 year ago.
Compared to 5 years ago, 1AAPL has less shares outstanding
The debt/assets ratio for 1AAPL has been reduced compared to a year ago.
2.2 Solvency
1AAPL has an Altman-Z score of 10.05. This indicates that 1AAPL is financially healthy and has little risk of bankruptcy at the moment.
1AAPL's Altman-Z score of 10.05 is amongst the best of the industry. 1AAPL outperforms 96.43% of its industry peers.
1AAPL has a debt to FCF ratio of 0.98. This is a very positive value and a sign of high solvency as it would only need 0.98 years to pay back of all of its debts.
1AAPL has a Debt to FCF ratio of 0.98. This is amongst the best in the industry. 1AAPL outperforms 82.14% of its industry peers.
A Debt/Equity ratio of 1.29 is on the high side and indicates that 1AAPL has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.29, 1AAPL is doing worse than 67.86% of the companies in the same industry.
Although 1AAPL 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 | 1.29 | ||
| Debt/FCF | 0.98 | ||
| Altman-Z | 10.05 |
ROIC/WACC5.99
WACC8.82%
2.3 Liquidity
A Current Ratio of 0.92 indicates that 1AAPL may have some problems paying its short term obligations.
1AAPL has a worse Current ratio (0.92) than 75.00% of its industry peers.
A Quick Ratio of 0.88 indicates that 1AAPL may have some problems paying its short term obligations.
1AAPL has a worse Quick ratio (0.88) than 67.86% of its industry peers.
The current and quick ratio evaluation for 1AAPL 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
1AAPL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.57%, which is quite good.
The Earnings Per Share has been growing by 17.90% on average over the past years. This is quite good.
1AAPL shows a small growth in Revenue. In the last year, the Revenue has grown by 2.61%.
The Revenue has been growing by 8.49% on average over the past years. This is quite good.
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, 1AAPL will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.00% on average per year.
Based on estimates for the next years, 1AAPL will show a small growth in Revenue. The Revenue will grow by 7.46% on average per year.
EPS Next Y10.96%
EPS Next 2Y11.41%
EPS Next 3Y11.23%
EPS Next 5Y16%
Revenue Next Year4.87%
Revenue Next 2Y6.36%
Revenue Next 3Y6.26%
Revenue Next 5Y7.46%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
1AAPL is valuated quite expensively with a Price/Earnings ratio of 34.30.
The rest of the industry has a similar Price/Earnings ratio as 1AAPL.
The average S&P500 Price/Earnings ratio is at 29.35. 1AAPL is around the same levels.
Based on the Price/Forward Earnings ratio of 28.54, the valuation of 1AAPL can be described as expensive.
Based on the Price/Forward Earnings ratio, 1AAPL is valued a bit more expensive than 64.29% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of 1AAPL to the average of the S&P500 Index (22.10), we can say 1AAPL is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.3 | ||
| Fwd PE | 28.54 |
4.2 Price Multiples
1AAPL's Enterprise Value to EBITDA is on the same level as the industry average.
1AAPL's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 36.57 | ||
| EV/EBITDA | 26.3 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
1AAPL has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)3.13
PEG (5Y)1.92
EPS Next 2Y11.41%
EPS Next 3Y11.23%
5. Dividend
5.1 Amount
With a yearly dividend of 0.42%, 1AAPL is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.25, 1AAPL pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.33, 1AAPL's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.42% |
5.2 History
The dividend of 1AAPL has a limited annual growth rate of 5.30%.
Dividend Growth(5Y)5.3%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
1AAPL pays out 15.88% of its income as dividend. This is a sustainable payout ratio.
The dividend of 1AAPL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP15.88%
EPS Next 2Y11.41%
EPS Next 3Y11.23%
BIT:1AAPL (3/7/2025, 7:00:00 PM)
220.2
+1.35 (+0.62%)
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 Cap3311.34B
Analysts76.6
Price Target240.99 (9.44%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.42% |
Yearly Dividend0.92
Dividend Growth(5Y)5.3%
DP15.88%
Div Incr Years0
Div Non Decr Years0
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)2.47%
PT rev (3m)2.98%
EPS NQ rev (1m)0.04%
EPS NQ rev (3m)-4.17%
EPS NY rev (1m)-0.27%
EPS NY rev (3m)-0.7%
Revenue NQ rev (1m)0.18%
Revenue NQ rev (3m)-2.37%
Revenue NY rev (1m)-0.12%
Revenue NY rev (3m)-1.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.3 | ||
| Fwd PE | 28.54 | ||
| P/S | 9.08 | ||
| P/FCF | 36.57 | ||
| P/OCF | 33.2 | ||
| P/B | 53.85 | ||
| P/tB | 53.85 | ||
| EV/EBITDA | 26.3 |
EPS(TTM)6.42
EY2.92%
EPS(NY)7.72
Fwd EY3.5%
FCF(TTM)6.02
FCFY2.73%
OCF(TTM)6.63
OCFY3.01%
SpS24.24
BVpS4.09
TBVpS4.09
PEG (NY)3.13
PEG (5Y)1.92
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 | 10.05 |
F-Score7
WACC8.82%
ROIC/WACC5.99
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 Y10.96%
EPS Next 2Y11.41%
EPS Next 3Y11.23%
EPS Next 5Y16%
Revenue 1Y (TTM)2.61%
Revenue growth 3Y2.25%
Revenue growth 5Y8.49%
Sales Q2Q%3.95%
Revenue Next Year4.87%
Revenue Next 2Y6.36%
Revenue Next 3Y6.26%
Revenue Next 5Y7.46%
EBIT growth 1Y5.91%
EBIT growth 3Y4.19%
EBIT growth 5Y14.02%
EBIT Next Year15.76%
EBIT Next 3Y11.06%
EBIT Next 5Y12.07%
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%