APPLE INC (APC.DE) Stock Fundamental Analysis
FRA:APC - Deutsche Boerse Ag - US0378331005 - Common Stock - Currency: EUR
We assign a fundamental rating of 6 out of 10 to APC. APC was compared to 30 industry peers in the Technology Hardware, Storage & Peripherals industry. Both the health and profitability get an excellent rating, making APC a very profitable company, without any liquidiy or solvency issues. 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.
APC had a positive operating cash flow in the past year.
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 Return On Assets of 29.37%. This is amongst the best in the industry. APC outperforms 96.67% of its industry peers.
With an excellent Return On Equity value of 145.66%, APC belongs to the best of the industry, outperforming 96.67% of the companies in the same industry.
The Return On Invested Capital of APC (56.03%) is better than 96.67% 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 16.05%.
The 3 year average ROIC (48.83%) for APC is below the current ROIC(56.03%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 29.37% | ||
| ROE | 145.66% | ||
| ROIC | 56.03% |
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 96.67% of the companies in the same industry.
In the last couple of years the Profit Margin of APC has grown nicely.
Looking at the Operating Margin, with a value of 31.81%, APC belongs to the top of the industry, outperforming 96.67% of the companies in the same industry.
In the last couple of years the Operating Margin of APC has grown nicely.
The Gross Margin of APC (46.63%) is better than 80.00% of its industry peers.
In the last couple of years the Gross Margin of APC has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.81% | ||
| PM (TTM) | 24.3% | ||
| GM | 46.63% |
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
The debt/assets ratio for APC has been reduced compared to a year ago.
2.2 Solvency
APC has an Altman-Z score of 9.14. This indicates that APC is financially healthy and has little risk of bankruptcy at the moment.
APC's Altman-Z score of 9.14 is amongst the best of the industry. APC outperforms 93.33% of its industry peers.
APC 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.
APC has a better Debt to FCF ratio (1.00) than 86.67% of its industry peers.
APC has a Debt/Equity ratio of 1.27. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of APC (1.27) is worse than 76.67% 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 | 1.27 | ||
| Debt/FCF | 1 | ||
| Altman-Z | 9.14 |
ROIC/WACC5.56
WACC10.07%
2.3 Liquidity
A Current Ratio of 0.82 indicates that APC may have some problems paying its short term obligations.
APC has a worse Current ratio (0.82) than 80.00% of its industry peers.
A Quick Ratio of 0.78 indicates that APC may have some problems paying its short term obligations.
The Quick ratio of APC (0.78) is worse than 76.67% 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 | 0.82 | ||
| Quick Ratio | 0.78 |
3. Growth
3.1 Past
APC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.26%, which is quite good.
Measured over the past years, APC shows a quite strong growth in Earnings Per Share. The EPS has been growing by 17.90% on average per year.
The Revenue has been growing slightly by 4.91% in the past year.
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)10.26%
EPS 3Y6.3%
EPS 5Y17.9%
EPS Q2Q%7.84%
Revenue 1Y (TTM)4.91%
Revenue growth 3Y2.25%
Revenue growth 5Y8.49%
Sales Q2Q%5.08%
3.2 Future
Based on estimates for the next years, APC will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.49% on average per year.
Based on estimates for the next years, APC will show a small growth in Revenue. The Revenue will grow by 6.22% on average per year.
EPS Next Y8.37%
EPS Next 2Y8.43%
EPS Next 3Y8.81%
EPS Next 5Y12.49%
Revenue Next Year4.27%
Revenue Next 2Y4.94%
Revenue Next 3Y5.25%
Revenue Next 5Y6.22%
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
A Price/Earnings ratio of 28.09 indicates a quite expensive valuation of APC.
APC's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.15, APC is valued at the same level.
A Price/Forward Earnings ratio of 25.10 indicates a quite expensive valuation of APC.
APC's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. APC is more expensive than 60.00% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.60. APC is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.09 | ||
| Fwd PE | 25.1 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as APC.
APC's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.21 | ||
| EV/EBITDA | 21.83 |
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)3.35
PEG (5Y)1.57
EPS Next 2Y8.43%
EPS Next 3Y8.81%
5. Dividend
5.1 Amount
APC has a yearly dividend return of 0.52%, which is pretty low.
APC's Dividend Yield is a higher than the industry average which is at 2.28.
Compared to an average S&P500 Dividend Yield of 2.42, APC's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.52% |
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
15.74% of the earnings are spent on dividend by APC. This is a low number and sustainable payout ratio.
The dividend of APC is growing, but earnings are growing more, so the dividend growth is sustainable.
DP15.74%
EPS Next 2Y8.43%
EPS Next 3Y8.81%
FRA:APC (6/30/2025, 7:00:00 PM)
170.22
-1.84 (-1.07%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners62.72%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap2542.38B
Analysts77.54
Price Target204.57 (20.18%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.52% |
Yearly Dividend0.85
Dividend Growth(5Y)5.3%
DP15.74%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.21%
Min EPS beat(2)-0.58%
Max EPS beat(2)0.15%
EPS beat(4)3
Avg EPS beat(4)0.47%
Min EPS beat(4)-0.58%
Max EPS beat(4)1.95%
EPS beat(8)6
Avg EPS beat(8)1.25%
EPS beat(12)8
Avg EPS beat(12)0.83%
EPS beat(16)11
Avg EPS beat(16)3.01%
Revenue beat(2)0
Avg Revenue beat(2)-1.54%
Min Revenue beat(2)-1.82%
Max Revenue beat(2)-1.26%
Revenue beat(4)0
Avg Revenue beat(4)-1.3%
Min Revenue beat(4)-1.82%
Max Revenue beat(4)-0.52%
Revenue beat(8)0
Avg Revenue beat(8)-1.31%
Revenue beat(12)0
Avg Revenue beat(12)-1.5%
Revenue beat(16)3
Avg Revenue beat(16)-0.56%
PT rev (1m)-2.57%
PT rev (3m)-11.74%
EPS NQ rev (1m)-0.07%
EPS NQ rev (3m)-5.72%
EPS NY rev (1m)0.06%
EPS NY rev (3m)-2%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)-0.81%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)-0.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.09 | ||
| Fwd PE | 25.1 | ||
| P/S | 7.43 | ||
| P/FCF | 30.21 | ||
| P/OCF | 27.16 | ||
| P/B | 44.55 | ||
| P/tB | 44.55 | ||
| EV/EBITDA | 21.83 |
EPS(TTM)6.06
EY3.56%
EPS(NY)6.78
Fwd EY3.98%
FCF(TTM)5.63
FCFY3.31%
OCF(TTM)6.27
OCFY3.68%
SpS22.9
BVpS3.82
TBVpS3.82
PEG (NY)3.35
PEG (5Y)1.57
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 29.37% | ||
| ROE | 145.66% | ||
| ROCE | 68.23% | ||
| ROIC | 56.03% | ||
| ROICexc | 74.88% | ||
| ROICexgc | 74.88% | ||
| OM | 31.81% | ||
| PM (TTM) | 24.3% | ||
| GM | 46.63% | ||
| FCFM | 24.6% |
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 Turnover1.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.27 | ||
| Debt/FCF | 1 | ||
| Debt/EBITDA | 0.61 | ||
| Cap/Depr | 96.24% | ||
| Cap/Sales | 2.76% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 78.89% | ||
| Profit Quality | 101.23% | ||
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.78 | ||
| Altman-Z | 9.14 |
F-Score7
WACC10.07%
ROIC/WACC5.56
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)10.26%
EPS 3Y6.3%
EPS 5Y17.9%
EPS Q2Q%7.84%
EPS Next Y8.37%
EPS Next 2Y8.43%
EPS Next 3Y8.81%
EPS Next 5Y12.49%
Revenue 1Y (TTM)4.91%
Revenue growth 3Y2.25%
Revenue growth 5Y8.49%
Sales Q2Q%5.08%
Revenue Next Year4.27%
Revenue Next 2Y4.94%
Revenue Next 3Y5.25%
Revenue Next 5Y6.22%
EBIT growth 1Y7.72%
EBIT growth 3Y4.19%
EBIT growth 5Y14.02%
EBIT Next Year13.64%
EBIT Next 3Y8.92%
EBIT Next 5Y9.21%
FCF growth 1Y1.02%
FCF growth 3Y5.39%
FCF growth 5Y13.06%
OCF growth 1Y-0.03%
OCF growth 3Y4.36%
OCF growth 5Y11.25%