APPLE INC (APC.DE) Stock Fundamental Analysis
FRA:APC - Deutsche Boerse Ag - US0378331005 - Common Stock - Currency: EUR
Taking everything into account, APC scores 7 out of 10 in our fundamental rating. APC was compared to 26 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. APC is valied quite expensively at the moment, while it does show a decent growth rate. These ratings would make APC suitable 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.
APC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 27.94%, APC belongs to the top of the industry, outperforming 96.15% of the companies in the same industry.
APC's Return On Equity of 144.03% is amongst the best of the industry. APC outperforms 96.15% of its industry peers.
APC has a Return On Invested Capital of 52.80%. This is amongst the best in the industry. APC outperforms 96.15% of its industry peers.
The Average Return On Invested Capital over the past 3 years for APC is significantly above the industry average of 17.30%.
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
With an excellent Profit Margin value of 24.30%, APC belongs to the best of the industry, outperforming 96.15% of the companies in the same industry.
APC's Profit Margin has improved in the last couple of years.
APC has a better Operating Margin (31.76%) than 96.15% of its industry peers.
APC's Operating Margin has improved in the last couple of years.
APC has a Gross Margin of 46.52%. This is amongst the best in the industry. APC outperforms 80.77% 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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so APC is creating value.
Compared to 1 year ago, APC has less shares outstanding
APC has less shares outstanding than it did 5 years ago.
APC has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 8.73 indicates that APC is not in any danger for bankruptcy at the moment.
APC has a better Altman-Z score (8.73) than 96.15% of its industry peers.
APC 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.
APC has a Debt to FCF ratio of 0.98. This is amongst the best in the industry. APC outperforms 84.62% 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's Debt to Equity ratio of 1.29 is on the low side compared to the rest of the industry. APC is outperformed by 65.38% of its industry peers.
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 | 1.29 | ||
| Debt/FCF | 0.98 | ||
| Altman-Z | 8.73 |
ROIC/WACC5.95
WACC8.88%
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 69.23% 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's Quick ratio of 0.88 is on the low side compared to the rest of the industry. APC is outperformed by 65.38% of its industry peers.
The current and quick ratio evaluation for APC 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
The Earnings Per Share has grown by an nice 8.57% over the past year.
APC shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 17.90% yearly.
Looking at the last year, APC shows a small growth in Revenue. The Revenue has grown by 2.61% in the last year.
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
APC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.04% yearly.
The Revenue is expected to grow by 6.66% on average over the next years.
EPS Next Y9.78%
EPS Next 2Y9.95%
EPS Next 3Y10.37%
EPS Next 5Y13.04%
Revenue Next Year4.56%
Revenue Next 2Y5.89%
Revenue Next 3Y5.97%
Revenue Next 5Y6.66%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of 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
A Price/Earnings ratio of 29.60 indicates a quite expensive valuation of APC.
Compared to the rest of the industry, the Price/Earnings ratio of APC is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 28.64, APC is valued at the same level.
The Price/Forward Earnings ratio is 25.27, which means the current valuation is very expensive for APC.
Based on the Price/Forward Earnings ratio, APC is valued a bit more expensive than the industry average as 61.54% of the companies are valued more cheaply.
The average S&P500 Price/Forward Earnings ratio is at 21.44. APC is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.6 | ||
| Fwd PE | 25.27 |
4.2 Price Multiples
APC's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, APC is valued a bit cheaper than the industry average as 69.23% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.54 | ||
| EV/EBITDA | 21.87 |
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)3.03
PEG (5Y)1.65
EPS Next 2Y9.95%
EPS Next 3Y10.37%
5. Dividend
5.1 Amount
With a yearly dividend of 0.51%, APC is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.42, APC pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.52, APC's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.51% |
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
15.88% 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.
DP15.88%
EPS Next 2Y9.95%
EPS Next 3Y10.37%
FRA:APC (4/23/2025, 7:00:00 PM)
179.66
+6.64 (+3.84%)
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 Cap2701.70B
Analysts76.47
Price Target234.31 (30.42%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.51% |
Yearly Dividend0.87
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)-2.77%
PT rev (3m)-0.81%
EPS NQ rev (1m)-0.42%
EPS NQ rev (3m)-4.57%
EPS NY rev (1m)-1.06%
EPS NY rev (3m)-1.76%
Revenue NQ rev (1m)-0.26%
Revenue NQ rev (3m)-2.63%
Revenue NY rev (1m)-0.3%
Revenue NY rev (3m)-1.42%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.6 | ||
| Fwd PE | 25.27 | ||
| P/S | 7.83 | ||
| P/FCF | 31.54 | ||
| P/OCF | 28.63 | ||
| P/B | 46.44 | ||
| P/tB | 46.44 | ||
| EV/EBITDA | 21.87 |
EPS(TTM)6.07
EY3.38%
EPS(NY)7.11
Fwd EY3.96%
FCF(TTM)5.7
FCFY3.17%
OCF(TTM)6.28
OCFY3.49%
SpS22.93
BVpS3.87
TBVpS3.87
PEG (NY)3.03
PEG (5Y)1.65
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 | 8.73 |
F-Score7
WACC8.88%
ROIC/WACC5.95
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 Y9.78%
EPS Next 2Y9.95%
EPS Next 3Y10.37%
EPS Next 5Y13.04%
Revenue 1Y (TTM)2.61%
Revenue growth 3Y2.25%
Revenue growth 5Y8.49%
Sales Q2Q%3.95%
Revenue Next Year4.56%
Revenue Next 2Y5.89%
Revenue Next 3Y5.97%
Revenue Next 5Y6.66%
EBIT growth 1Y5.91%
EBIT growth 3Y4.19%
EBIT growth 5Y14.02%
EBIT Next Year15.02%
EBIT Next 3Y10.49%
EBIT Next 5Y10.33%
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%