APPLE INC (APC.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:APC - US0378331005 - Common Stock
240.35 EUR
+1.55 (+0.65%)
Overall APC gets a fundamental rating of 7 out of 10. We evaluated APC against 32 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. With these ratings, APC could be worth investigating further 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.
Each year in the past 5 years APC has been profitable.
Each year in the past 5 years APC had a positive operating cash flow.
1.2 Ratios
APC has a Return On Assets of 31.18%. This is amongst the best in the industry. APC outperforms 96.88% of its industry peers.
APC has a better Return On Equity (151.91%) than 96.88% of its industry peers.
APC's Return On Invested Capital of 55.64% is amongst the best of the industry. APC outperforms 96.88% 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 18.18%.
The last Return On Invested Capital (55.64%) for APC is above the 3 year average (51.04%), which is a sign of increasing profitability.
| 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
With an excellent Profit Margin value of 26.92%, APC belongs to the best of the industry, outperforming 96.88% of the companies in the same industry.
APC's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 31.97%, APC belongs to the best of the industry, outperforming 96.88% 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 (46.91%) is better than 84.38% of its industry peers.
In the last couple of years the Gross Margin of APC has grown nicely.
| 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
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
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 10.86 indicates that APC is not in any danger for bankruptcy at the moment.
APC has a Altman-Z score of 10.86. This is amongst the best in the industry. APC outperforms 93.75% 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's Debt to FCF ratio of 1.00 is amongst the best of the industry. APC outperforms 84.38% of its industry peers.
A Debt/Equity ratio of 1.17 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 1.17, APC is doing worse than 68.75% 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 | 1.17 | ||
| Debt/FCF | 1 | ||
| Altman-Z | 10.86 |
ROIC/WACC6.51
WACC8.55%
2.3 Liquidity
APC has a Current Ratio of 0.89. This is a bad value and indicates that APC is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of APC (0.89) is worse than 68.75% of its industry peers.
A Quick Ratio of 0.86 indicates that APC may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.86, APC is in line with its industry, outperforming 40.63% of the companies in the same industry.
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 | 0.89 | ||
| Quick Ratio | 0.86 |
3. Growth
3.1 Past
APC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.67%, which is quite good.
The Earnings Per Share has been growing by 18.04% 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 6.43%.
APC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.68% yearly.
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
APC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.46% yearly.
Based on estimates for the next years, APC will show a small growth in Revenue. The Revenue will grow by 6.82% on average per year.
EPS Next Y11.89%
EPS Next 2Y10.96%
EPS Next 3Y10.93%
EPS Next 5Y13.46%
Revenue Next Year8.07%
Revenue Next 2Y7.22%
Revenue Next 3Y7.05%
Revenue Next 5Y6.82%
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 37.15 indicates a quite expensive valuation of APC.
The rest of the industry has a similar Price/Earnings ratio as APC.
APC is valuated rather expensively when we compare the Price/Earnings ratio to 25.98, which is the current average of the S&P500 Index.
APC is valuated quite expensively with a Price/Forward Earnings ratio of 33.20.
Compared to the rest of the industry, the Price/Forward Earnings ratio of APC indicates a slightly more expensive valuation: APC is more expensive than 65.63% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of APC to the average of the S&P500 Index (35.79), we can say APC is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.15 | ||
| Fwd PE | 33.2 |
4.2 Price Multiples
APC's Enterprise Value to EBITDA ratio is in line with the industry average.
APC's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.69 | ||
| EV/EBITDA | 28.38 |
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)3.12
PEG (5Y)2.06
EPS Next 2Y10.96%
EPS Next 3Y10.93%
5. Dividend
5.1 Amount
APC has a yearly dividend return of 0.39%, which is pretty low.
APC's Dividend Yield is comparable with the industry average which is at 2.34.
With a Dividend Yield of 0.39, APC pays less dividend than the S&P500 average, which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.39% |
5.2 History
The dividend of APC has a limited annual growth rate of 4.95%.
Dividend Growth(5Y)4.95%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
APC pays out 13.77% 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.
DP13.77%
EPS Next 2Y10.96%
EPS Next 3Y10.93%
FRA:APC (11/25/2025, 5:29:21 PM)
240.35
+1.55 (+0.65%)
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 Cap3.57T
Revenue(TTM)416.16B
Net Income(TTM)112.01B
Analysts77.89
Price Target246.85 (2.7%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.39% |
Yearly Dividend0.9
Dividend Growth(5Y)4.95%
DP13.77%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
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)15.4%
PT rev (3m)18.83%
EPS NQ rev (1m)6.6%
EPS NQ rev (3m)7.22%
EPS NY rev (1m)2.35%
EPS NY rev (3m)2.52%
Revenue NQ rev (1m)4.99%
Revenue NQ rev (3m)5.97%
Revenue NY rev (1m)2.08%
Revenue NY rev (3m)2.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.15 | ||
| Fwd PE | 33.2 | ||
| P/S | 9.89 | ||
| P/FCF | 41.69 | ||
| P/OCF | 36.94 | ||
| P/B | 55.84 | ||
| P/tB | 55.84 | ||
| EV/EBITDA | 28.38 |
EPS(TTM)6.47
EY2.69%
EPS(NY)7.24
Fwd EY3.01%
FCF(TTM)5.77
FCFY2.4%
OCF(TTM)6.51
OCFY2.71%
SpS24.29
BVpS4.3
TBVpS4.3
PEG (NY)3.12
PEG (5Y)2.06
Graham Number25.03
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 | 10.86 |
F-Score8
WACC8.55%
ROIC/WACC6.51
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 Y11.89%
EPS Next 2Y10.96%
EPS Next 3Y10.93%
EPS Next 5Y13.46%
Revenue 1Y (TTM)6.43%
Revenue growth 3Y1.81%
Revenue growth 5Y8.68%
Sales Q2Q%7.94%
Revenue Next Year8.07%
Revenue Next 2Y7.22%
Revenue Next 3Y7.05%
Revenue Next 5Y6.82%
EBIT growth 1Y7.98%
EBIT growth 3Y3.66%
EBIT growth 5Y14.95%
EBIT Next Year15.46%
EBIT Next 3Y11.4%
EBIT Next 5Y10.63%
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 / APC.DE FAQ
What is the fundamental rating for APC stock?
ChartMill assigns a fundamental rating of 7 / 10 to APC.DE.
Can you provide the valuation status for APPLE INC?
ChartMill assigns a valuation rating of 2 / 10 to APPLE INC (APC.DE). This can be considered as Overvalued.
Can you provide the profitability details for APPLE INC?
APPLE INC (APC.DE) has a profitability rating of 10 / 10.
What are the PE and PB ratios of APPLE INC (APC.DE) stock?
The Price/Earnings (PE) ratio for APPLE INC (APC.DE) is 37.15 and the Price/Book (PB) ratio is 55.84.
How sustainable is the dividend of APPLE INC (APC.DE) stock?
The dividend rating of APPLE INC (APC.DE) is 4 / 10 and the dividend payout ratio is 13.77%.