273.67 USD
+1.48 (+0.54%)
273.01 USD
-0.66 (-0.24%)
Overall AAPL gets a fundamental rating of 7 out of 10. We evaluated AAPL against 35 industry peers in the Technology Hardware, Storage & Peripherals industry. Both the health and profitability get an excellent rating, making AAPL a very profitable company, without any liquidiy or solvency issues. AAPL is quite expensive at the moment. It does show a decent growth rate. With these ratings, AAPL could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
In the past year AAPL was profitable.
In the past year AAPL had a positive cash flow from operations.
AAPL had positive earnings in each of the past 5 years.
Each year in the past 5 years AAPL had a positive operating cash flow.
1.2 Ratios
AAPL has a better Return On Assets (31.18%) than 97.14% of its industry peers.
AAPL has a Return On Equity of 151.91%. This is amongst the best in the industry. AAPL outperforms 100.00% of its industry peers.
AAPL has a Return On Invested Capital of 55.64%. This is amongst the best in the industry. AAPL outperforms 100.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AAPL is significantly above the industry average of 15.26%.
The 3 year average ROIC (51.04%) for AAPL is below the current ROIC(55.64%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 31.18% | ||
| ROE | 151.91% | ||
| ROIC | 55.64% |
ROA(3y)28.12%
ROA(5y)27.93%
ROE(3y)157.53%
ROE(5y)163.92%
ROIC(3y)51.04%
ROIC(5y)48.21%
1.3 Margins
AAPL's Profit Margin of 26.92% is amongst the best of the industry. AAPL outperforms 94.29% of its industry peers.
In the last couple of years the Profit Margin of AAPL has grown nicely.
The Operating Margin of AAPL (31.97%) is better than 97.14% of its industry peers.
In the last couple of years the Operating Margin of AAPL has grown nicely.
AAPL has a Gross Margin of 46.91%. This is amongst the best in the industry. AAPL outperforms 82.86% of its industry peers.
AAPL's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.97% | ||
| PM (TTM) | 26.92% | ||
| GM | 46.91% |
OM growth 3Y1.82%
OM growth 5Y5.77%
PM growth 3Y2.07%
PM growth 5Y5.18%
GM growth 3Y2.69%
GM growth 5Y4.17%
2. Health
2.1 Basic Checks
AAPL has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, AAPL has less shares outstanding
AAPL has less shares outstanding than it did 5 years ago.
AAPL has a better debt/assets ratio than last year.
2.2 Solvency
AAPL has an Altman-Z score of 10.72. This indicates that AAPL is financially healthy and has little risk of bankruptcy at the moment.
AAPL's Altman-Z score of 10.72 is amongst the best of the industry. AAPL outperforms 97.14% of its industry peers.
AAPL 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.
AAPL has a Debt to FCF ratio of 1.00. This is amongst the best in the industry. AAPL outperforms 88.57% of its industry peers.
AAPL has a Debt/Equity ratio of 1.17. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.17, AAPL is doing worse than 65.71% of the companies in the same industry.
Although AAPL 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 | 1.17 | ||
| Debt/FCF | 1 | ||
| Altman-Z | 10.72 |
ROIC/WACC6.4
WACC8.69%
2.3 Liquidity
AAPL has a Current Ratio of 0.89. This is a bad value and indicates that AAPL is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.89, AAPL is not doing good in the industry: 74.29% of the companies in the same industry are doing better.
A Quick Ratio of 0.86 indicates that AAPL may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.86, AAPL is in line with its industry, outperforming 51.43% of the companies in the same industry.
The current and quick ratio evaluation for AAPL 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 | 0.89 | ||
| Quick Ratio | 0.86 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.67% over the past year.
AAPL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 18.04% yearly.
Looking at the last year, AAPL shows a small growth in Revenue. The Revenue has grown by 6.43% in the last year.
Measured over the past years, AAPL shows a quite strong growth in Revenue. The Revenue has been growing by 8.68% on average per year.
EPS 1Y (TTM)10.67%
EPS 3Y6.93%
EPS 5Y18.04%
EPS Q2Q%12.8%
Revenue 1Y (TTM)6.43%
Revenue growth 3Y1.81%
Revenue growth 5Y8.68%
Sales Q2Q%7.94%
3.2 Future
AAPL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.46% yearly.
AAPL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.81% yearly.
EPS Next Y12.91%
EPS Next 2Y11.66%
EPS Next 3Y11.12%
EPS Next 5Y13.46%
Revenue Next Year9.07%
Revenue Next 2Y7.88%
Revenue Next 3Y7.41%
Revenue Next 5Y6.81%
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.
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
AAPL is valuated quite expensively with a Price/Earnings ratio of 36.64.
Compared to the rest of the industry, the Price/Earnings ratio of AAPL is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 26.38, AAPL is valued a bit more expensive.
AAPL is valuated quite expensively with a Price/Forward Earnings ratio of 32.45.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AAPL is on the same level as its industry peers.
AAPL's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 23.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.64 | ||
| Fwd PE | 32.45 |
4.2 Price Multiples
AAPL's Enterprise Value to EBITDA ratio is in line with the industry average.
AAPL's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 40.94 | ||
| EV/EBITDA | 27.9 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AAPL does not grow enough to justify the current Price/Earnings ratio.
AAPL has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.84
PEG (5Y)2.03
EPS Next 2Y11.66%
EPS Next 3Y11.12%
5. Dividend
5.1 Amount
AAPL has a yearly dividend return of 0.38%, which is pretty low.
Compared to an average industry Dividend Yield of 0.59, AAPL pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 1.87, AAPL's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.38% |
5.2 History
The dividend of AAPL has a limited annual growth rate of 4.95%.
AAPL has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of AAPL decreased recently.
Dividend Growth(5Y)4.95%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
AAPL pays out 13.77% of its income as dividend. This is a sustainable payout ratio.
AAPL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP13.77%
EPS Next 2Y11.66%
EPS Next 3Y11.12%
273.67
+1.48 (+0.54%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners64.22%
Inst Owner Change-1.86%
Ins Owners0.06%
Ins Owner Change-0.72%
Market Cap4.04T
Revenue(TTM)416.16B
Net Income(TTM)112.01B
Analysts78.21
Price Target291.19 (6.4%)
Short Float %0.89%
Short Ratio2.82
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.38% |
Yearly Dividend1.03
Dividend Growth(5Y)4.95%
DP13.77%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.84%
Min EPS beat(2)2.35%
Max EPS beat(2)7.34%
EPS beat(4)3
Avg EPS beat(4)2.32%
Min EPS beat(4)-0.58%
Max EPS beat(4)7.34%
EPS beat(8)6
Avg EPS beat(8)1.68%
EPS beat(12)9
Avg EPS beat(12)1.57%
EPS beat(16)12
Avg EPS beat(16)2.06%
Revenue beat(2)1
Avg Revenue beat(2)0.6%
Min Revenue beat(2)-1.76%
Max Revenue beat(2)2.97%
Revenue beat(4)1
Avg Revenue beat(4)-0.47%
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)-1.2%
Revenue beat(16)3
Avg Revenue beat(16)-0.81%
PT rev (1m)9.56%
PT rev (3m)15.94%
EPS NQ rev (1m)0.09%
EPS NQ rev (3m)7.24%
EPS NY rev (1m)0.91%
EPS NY rev (3m)3.46%
Revenue NQ rev (1m)0.1%
Revenue NQ rev (3m)5.89%
Revenue NY rev (1m)0.96%
Revenue NY rev (3m)3.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.64 | ||
| Fwd PE | 32.45 | ||
| P/S | 9.72 | ||
| P/FCF | 40.94 | ||
| P/OCF | 36.27 | ||
| P/B | 54.84 | ||
| P/tB | 54.84 | ||
| EV/EBITDA | 27.9 |
EPS(TTM)7.47
EY2.73%
EPS(NY)8.43
Fwd EY3.08%
FCF(TTM)6.68
FCFY2.44%
OCF(TTM)7.54
OCFY2.76%
SpS28.16
BVpS4.99
TBVpS4.99
PEG (NY)2.84
PEG (5Y)2.03
Graham Number28.96
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 31.18% | ||
| ROE | 151.91% | ||
| ROCE | 68.72% | ||
| ROIC | 55.64% | ||
| ROICexc | 76.36% | ||
| ROICexgc | 76.36% | ||
| OM | 31.97% | ||
| PM (TTM) | 26.92% | ||
| GM | 46.91% | ||
| FCFM | 23.73% |
ROA(3y)28.12%
ROA(5y)27.93%
ROE(3y)157.53%
ROE(5y)163.92%
ROIC(3y)51.04%
ROIC(5y)48.21%
ROICexc(3y)72.58%
ROICexc(5y)66.97%
ROICexgc(3y)72.58%
ROICexgc(5y)66.97%
ROCE(3y)63.07%
ROCE(5y)59.52%
ROICexgc growth 3Y6.76%
ROICexgc growth 5Y12.61%
ROICexc growth 3Y6.76%
ROICexc growth 5Y12.61%
OM growth 3Y1.82%
OM growth 5Y5.77%
PM growth 3Y2.07%
PM growth 5Y5.18%
GM growth 3Y2.69%
GM growth 5Y4.17%
F-Score8
Asset Turnover1.16
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.17 | ||
| Debt/FCF | 1 | ||
| Debt/EBITDA | 0.6 | ||
| Cap/Depr | 108.69% | ||
| Cap/Sales | 3.06% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 77.02% | ||
| Profit Quality | 88.18% | ||
| Current Ratio | 0.89 | ||
| Quick Ratio | 0.86 | ||
| Altman-Z | 10.72 |
F-Score8
WACC8.69%
ROIC/WACC6.4
Cap/Depr(3y)95.46%
Cap/Depr(5y)96.21%
Cap/Sales(3y)2.78%
Cap/Sales(5y)2.82%
Profit Quality(3y)102.31%
Profit Quality(5y)103.35%
High Growth Momentum
Growth
EPS 1Y (TTM)10.67%
EPS 3Y6.93%
EPS 5Y18.04%
EPS Q2Q%12.8%
EPS Next Y12.91%
EPS Next 2Y11.66%
EPS Next 3Y11.12%
EPS Next 5Y13.46%
Revenue 1Y (TTM)6.43%
Revenue growth 3Y1.81%
Revenue growth 5Y8.68%
Sales Q2Q%7.94%
Revenue Next Year9.07%
Revenue Next 2Y7.88%
Revenue Next 3Y7.41%
Revenue Next 5Y6.81%
EBIT growth 1Y7.98%
EBIT growth 3Y3.66%
EBIT growth 5Y14.95%
EBIT Next Year19.08%
EBIT Next 3Y11.49%
EBIT Next 5Y10.58%
FCF growth 1Y-9.23%
FCF growth 3Y-3.95%
FCF growth 5Y6.13%
OCF growth 1Y-5.73%
OCF growth 3Y-3%
OCF growth 5Y6.68%
APPLE INC / AAPL FAQ
What is the ChartMill fundamental rating of APPLE INC (AAPL) stock?
ChartMill assigns a fundamental rating of 7 / 10 to AAPL.
What is the valuation status of APPLE INC (AAPL) stock?
ChartMill assigns a valuation rating of 2 / 10 to APPLE INC (AAPL). This can be considered as Overvalued.
Can you provide the profitability details for APPLE INC?
APPLE INC (AAPL) has a profitability rating of 10 / 10.
What is the valuation of APPLE INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for APPLE INC (AAPL) is 36.64 and the Price/Book (PB) ratio is 54.84.
Can you provide the financial health for AAPL stock?
The financial health rating of APPLE INC (AAPL) is 7 / 10.