APPLE INC (APC.DE) Stock Fundamental Analysis
Europe - FRA:APC - US0378331005 - Common Stock
219.5 EUR
+6.3 (+2.95%)
APC gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 29 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. While showing a medium growth rate, APC is valued expensive at the moment. These ratings could make APC a good candidate for quality investing.
1. Profitability
1.1 Basic Checks
In the past year APC was profitable.
APC had a positive operating cash flow in the past year.
APC had positive earnings in each of the past 5 years.
Each year in the past 5 years APC had a positive operating cash flow.
1.2 Ratios
APC has a Return On Assets of 29.95%. This is amongst the best in the industry. APC outperforms 100.00% of its industry peers.
The Return On Equity of APC (150.81%) is better than 100.00% of its industry peers.
APC has a Return On Invested Capital of 55.09%. This is amongst the best in the industry. APC outperforms 100.00% of its industry peers.
APC had an Average Return On Invested Capital over the past 3 years of 48.83%. This is significantly above the industry average of 18.32%.
The last Return On Invested Capital (55.09%) for APC is above the 3 year average (48.83%), which is a sign of increasing profitability.
| 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
APC's Profit Margin of 24.30% is amongst the best of the industry. APC outperforms 100.00% of its industry peers.
In the last couple of years the Profit Margin of APC has grown nicely.
The Operating Margin of APC (31.87%) is better than 100.00% of its industry peers.
APC's Operating Margin has improved in the last couple of years.
APC's Gross Margin of 46.68% is amongst the best of the industry. APC outperforms 86.21% of its industry peers.
APC's Gross Margin has improved in the last couple of years.
| 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
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.
Compared to 5 years ago, APC has less shares outstanding
APC has a better debt/assets ratio than last year.
2.2 Solvency
APC has an Altman-Z score of 10.73. This indicates that APC is financially healthy and has little risk of bankruptcy at the moment.
APC has a better Altman-Z score (10.73) than 93.10% 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.
APC's Debt to FCF ratio of 1.06 is amongst the best of the industry. APC outperforms 86.21% of its industry peers.
A Debt/Equity ratio of 1.40 is on the high side and indicates that APC has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.40, APC is doing worse than 72.41% of the companies in the same industry.
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 | 10.73 |
ROIC/WACC6.47
WACC8.51%
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 in the lower half of the industry: APC underperforms 72.41% of its industry peers.
APC has a Quick 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 worse Quick ratio (0.83) than 62.07% of its industry peers.
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 | 0.87 | ||
| Quick Ratio | 0.83 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.50% 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 5.97%.
Measured over the past years, APC shows a quite strong growth in Revenue. The Revenue has been growing by 8.49% on average per year.
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.
APC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.05% yearly.
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
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
With a Price/Earnings ratio of 35.29, APC can be considered very expensive at the moment.
APC's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of APC to the average of the S&P500 Index (27.42), we can say APC is valued slightly more expensively.
With a Price/Forward Earnings ratio of 31.41, APC can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of APC is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of APC to the average of the S&P500 Index (22.94), we can say APC is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.29 | ||
| Fwd PE | 31.41 |
4.2 Price Multiples
APC's Enterprise Value to EBITDA is on the same level as the industry average.
APC's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 39.56 | ||
| EV/EBITDA | 26.2 |
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)3.1
PEG (5Y)1.97
EPS Next 2Y9.97%
EPS Next 3Y10.06%
5. Dividend
5.1 Amount
APC has a yearly dividend return of 0.42%, which is pretty low.
APC's Dividend Yield is a higher than the industry average which is at 2.21.
With a Dividend Yield of 0.42, APC pays less dividend than the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.42% |
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.
APC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP15.47%
EPS Next 2Y9.97%
EPS Next 3Y10.06%
FRA:APC (10/20/2025, 2:04:31 PM)
219.5
+6.3 (+2.95%)
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 Cap3257.47B
Analysts77.86
Price Target213.92 (-2.54%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.42% |
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)-0.24%
PT rev (3m)4.1%
EPS NQ rev (1m)-0.26%
EPS NQ rev (3m)5.83%
EPS NY rev (1m)-0.04%
EPS NY rev (3m)2.81%
Revenue NQ rev (1m)0.05%
Revenue NQ rev (3m)3.62%
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)1.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.29 | ||
| Fwd PE | 31.41 | ||
| P/S | 9.31 | ||
| P/FCF | 39.56 | ||
| P/OCF | 35.05 | ||
| P/B | 57.8 | ||
| P/tB | 57.8 | ||
| EV/EBITDA | 26.2 |
EPS(TTM)6.22
EY2.83%
EPS(NY)6.99
Fwd EY3.18%
FCF(TTM)5.55
FCFY2.53%
OCF(TTM)6.26
OCFY2.85%
SpS23.57
BVpS3.8
TBVpS3.8
PEG (NY)3.1
PEG (5Y)1.97
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 | 10.73 |
F-Score7
WACC8.51%
ROIC/WACC6.47
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%