APPLE INC (APC.DE) Stock Fundamental Analysis
FRA:APC - Deutsche Boerse Ag - US0378331005 - Common Stock - Currency: EUR
Overall APC gets a fundamental rating of 7 out of 10. We evaluated APC against 28 industry peers in the Technology Hardware, Storage & Peripherals industry. APC gets an excellent profitability rating and is at the same time showing great financial health properties. APC is valied quite expensively at the moment, while 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.
In the past year APC had a positive cash flow from operations.
APC had positive earnings in each of the past 5 years.
In the past 5 years APC always reported a positive cash flow from operatings.
1.2 Ratios
APC has a better Return On Assets (27.94%) than 100.00% of its industry peers.
Looking at the Return On Equity, with a value of 144.03%, APC belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
APC's Return On Invested Capital of 52.80% is amongst the best of the industry. APC outperforms 100.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for APC is significantly above the industry average of 15.94%.
The 3 year average ROIC (48.83%) for APC is below the current ROIC(52.80%), indicating increased profibility in the last year.
| 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
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's Operating Margin of 31.76% is amongst the best of 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 has a Gross Margin of 46.52%. This is amongst the best in 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 | 31.76% | ||
| 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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), APC is creating value.
Compared to 1 year ago, APC has less shares outstanding
Compared to 5 years ago, APC has less shares outstanding
Compared to 1 year ago, APC has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 10.04 indicates that APC is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 10.04, APC belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.
The Debt to FCF ratio of APC is 0.98, which is an excellent value as it means it would take APC, only 0.98 years of fcf income to pay off all of its debts.
APC has a better Debt to FCF ratio (0.98) than 85.71% of its industry peers.
A Debt/Equity ratio of 1.29 is on the high side and indicates that APC has dependencies on debt financing.
APC has a worse Debt to Equity ratio (1.29) than 64.29% of its industry peers.
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 | 1.29 | ||
| Debt/FCF | 0.98 | ||
| Altman-Z | 10.04 |
ROIC/WACC5.99
WACC8.82%
2.3 Liquidity
A Current Ratio of 0.92 indicates that APC may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.92, APC is doing worse than 71.43% of the companies in the same industry.
A Quick Ratio of 0.88 indicates that APC may have some problems paying its short term obligations.
APC has a worse Quick ratio (0.88) than 64.29% 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 | 0.92 | ||
| Quick Ratio | 0.88 |
3. Growth
3.1 Past
APC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.57%, 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.
APC shows a small growth in Revenue. In the last year, the Revenue has grown by 2.61%.
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)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
APC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.00% yearly.
APC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.46% yearly.
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
The Price/Earnings ratio is 34.24, which means the current valuation is very expensive for APC.
The rest of the industry has a similar Price/Earnings ratio as APC.
Compared to an average S&P500 Price/Earnings ratio of 29.35, APC is valued at the same level.
With a Price/Forward Earnings ratio of 28.49, APC can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, APC is valued a bit more expensive than the industry average as 60.71% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, APC is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.24 | ||
| Fwd PE | 28.49 |
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 is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 36.52 | ||
| EV/EBITDA | 26.26 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of APC may justify a higher PE ratio.
PEG (NY)3.12
PEG (5Y)1.91
EPS Next 2Y11.41%
EPS Next 3Y11.23%
5. Dividend
5.1 Amount
With a yearly dividend of 0.42%, APC is not a good candidate for dividend investing.
APC's Dividend Yield is a higher than the industry average which is at 2.25.
Compared to an average S&P500 Dividend Yield of 2.33, APC's dividend is way lower than the S&P500 average.
| 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 15.88% 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.
DP15.88%
EPS Next 2Y11.41%
EPS Next 3Y11.23%
FRA:APC (3/7/2025, 7:00:00 PM)
219.85
+1.15 (+0.53%)
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 Cap3306.08B
Analysts76.6
Price Target240.99 (9.62%)
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 Years1
Div Non Decr Years1
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)2.4%
PT rev (3m)3.62%
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 | 34.24 | ||
| Fwd PE | 28.49 | ||
| P/S | 9.07 | ||
| P/FCF | 36.52 | ||
| P/OCF | 33.15 | ||
| P/B | 53.77 | ||
| P/tB | 53.77 | ||
| EV/EBITDA | 26.26 |
EPS(TTM)6.42
EY2.92%
EPS(NY)7.72
Fwd EY3.51%
FCF(TTM)6.02
FCFY2.74%
OCF(TTM)6.63
OCFY3.02%
SpS24.24
BVpS4.09
TBVpS4.09
PEG (NY)3.12
PEG (5Y)1.91
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 | 10.04 |
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%