| Apple Inc (NAS:AAPL) | [1] | Fairly Valued | $ 164.84 | | GF Score: 96/100 | Market Cap: $ 2,608,090 Mil | | Industry: Technology - Hardware | | IPO Date: 1980-12-12 | | Apple designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), and AirPods. The iPhone makes up most of Apple's total revenue. In addition, Apple offers its customers a variety of services such as Apple Music, iCloud, Apple Care, Apple TV+, Apple Arcade, Apple Fitness, Apple Card, and Apple Pay, among others. Apple's products include internally developed software and semiconductors, and the firm is wel... read more |
| | Latest FY Operating Revenue by Business Segment | | Business Segment Name | 2022 | Percentage | | iPhone | 205,489 | 52.11% | | Services | 78,129 | 19.81% | | Wearables, Home and Accessories | 41,241 | 10.46% | | Mac | 40,177 | 10.19% | | iPad | 29,292 | 7.43% | | | Financial Strength | | | | | Rank: 7 /10 | Current | Industry Median | Historical Median | | Cash-to-Debt | 0.46 | 1.25 | 5.29 | | Equity-to-Asset | 0.16 | 0.56 | 0.53 | | Interest Coverage | 35.17 | 16.37 | 40.97 | | Piotroski F-Score | 6 | 5 | 6 | | | Profitability Rank | | | | | Rank: 10 /10 | Current | Industry Median | Historical Median | | Operating Margin % | 29.41 | 4.40 | 28.26 | | Net Margin % | 24.56 | 3.61 | 21.64 | | ROE % | 156.10 | 6.83 | 47.81 | | ROA % | 26.92 | 3.43 | 17.67 | | ROC (Joel Greenblatt) % | 286.16 | 13.10 | 271.70 | | | Growth Rank | (* per share data) | | Rank: 10 /10 | 10-Yr | 5-Yr | 1-Yr | | Revenue Growth % | 14.6 | 17.2 | 5.8 | | EBITDA Growth % | 13.3 | 17.4 | 1.0 | | Oprt. Income Growth % | 13.0 | 20.4 | 0.6 | | EPS w/o NRI Growth % | 14.9 | 21.7 | -2.5 | | FCF Growth % | 14.2 | 22.1 | -1.3 | | Book Value Growth % | -3.1 | -13.4 | -18.7 | | | Momentum Rank | | | | | Rank: 7 /10 | Current | Industry Median | Historical Median | | 5-Day RSI | 81.58 | 54.16 | N/A | | 9-Day RSI | 74.42 | 52.49 | N/A | | 14-Day RSI | 69.60 | 51.76 | N/A | | 6-1M Momentum % | 6.66 | 10.94 | N/A | | 12-1M Momentum % | -15.58 | -7.98 | N/A | | | Quarterly | | | | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | | Revenue | 123,945 | 97,278 | 82,959 | 90,146 | 117,154 | | Net Income | 34,630 | 25,010 | 19,442 | 20,721 | 29,998 | | EPS | 2.10 | 1.52 | 1.20 | 1.29 | 1.88 | | Revenue YoY % | 11.22 | 8.59 | 1.87 | 8.14 | -5.48 | | Net Income YoY % | 20.43 | 5.84 | -10.59 | 0.83 | -13.38 | | EPS YoY % | 25.00 | 8.57 | -7.69 | 4.03 | -10.48 |
| | | Warning Signs | | | | MEDIUM | Revenue per Share: Growth slows down | | MEDIUM | Dividend Yield %: Close to 1-year low |
| | | Good Signs | | | | GOOD | Altman Z-Score: Strong |
| | | Insider Trades | | | | | Insider | Position | Date | Trades | Cur. Shares | | Williams Jeffrey E | COO | 03/22/23 | -187730 | 489,816 | | Kondo Chris | Principal Accou | 11/22/22 | -20200 | 31,505 | | Maestri Luca | Senior Vice Pre | 10/28/22 | -176299 | 110,673 | | O'brien Deirdre | Senior Vice Pre | 10/17/22 | -8053 | 136,290 | | Adams Katherine L. | SVP, GC and Sec | 10/03/22 | -181139 | 427,334 | | O'brien Deirdre | Senior Vice Pre | 10/03/22 | -176299 | 136,290 | | Maestri Luca | Senior Vice Pre | 08/17/22 | -96735 | 110,673 | | Maestri Luca | Senior Vice Pre | 08/17/22 | -96735 | 110,673 | | O'brien Deirdre | Senior Vice Pre | 08/08/22 | -15366 | 136,290 | | Adams Katherine L. | SVP, GC and Sec | 08/03/22 | -25000 | 427,334 |
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| GF Value Rank | | Rank: 5 /10 | Current | Industry Median | Historical Median | | PE Ratio | 27.99 | 18.79 | 16.60 | | Forward P/E | 27.86 | 16.04 | N/A | | PB Ratio | 46.03 | 1.81 | 6.14 | | PS Ratio | 6.88 | 1.31 | 3.67 | | P/FCF | 27.34 | 20.70 | 15.12 | | Shiller P/E | 45.01 | 23.63 | 32.79 | | PEG Ratio | 1.61 | 1.17 | 1.22 |
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| Valuation Analysis | | Current | % of Price | | NCAV | -10.18 | -6 | | Tangible Book | 3.58 | 2 | | Graham Number | 21.78 | 13 | | EPV | 44.51 | 27 | | Median PS Value | 90.45 | 55 | | Peter Lynch Value | 108.49 | 66 | | DCF (FCF Based) | 139.77 | 85 | | DCF (Earnings Based) | 143.21 | 87 | | Price | 164.84 | | | GF Value | 171.15 | 104 |
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| Dividend & Ownership | | Dividend Yield (TTM) % | 0.56 | | Dividend Yield (Forward) % | 0.56 | | Dividend Payout Ratio | 0.15 | | Dividend Growth (5Y) % | 8.20 | | Yield on Cost (5Y) % | 0.83 | | Continuous Div. since | 2012 | | Insider Ownership % | 0.11 | | Institution Ownership % | 39.01 |
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As of
04-02-2023
* All financial numbers are in millions except for per share data, ratios and percentage change. "Neg. E" means negative equity.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | | Performance | | | | | | | | | | | | | | % | Gain | SP500 | | 1W | 2.86 | 3.45 | | 1M | 11.82 | 1.67 | | 3M | 27.05 | 7.46 | | 6M | 19.61 | 15.58 | | YTD | 27.05 | 7.46 | | 1Y | -5.07 | -7.82 | | 3Y | 38.11 | 18.47 | | 5Y | 32.14 | 11.10 | | 10Y | 26.93 | 12.12 |
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | Current | | Key Data | |
| 23.98 | 25.83 | 33.25 | 30.64 | 41.01 | 57.09 | 58.02 | 134.18 | 156.69 | 182.01 | 178.49 | | Highest Stock Price | | 13.95 | 17.18 | 24.07 | 22.59 | 26.43 | 38.37 | 35.55 | 54.74 | 108.77 | 130.06 | 124.17 | | Lowest Stock Price | | 428,781 | 591,073 | 615,448 | 603,201 | 790,050 | 1.07M | 995,105 | 1.97M | 2.32M | 2.20M | 2.61M | | Market Cap | | 26,087 | 24,491 | 23,172 | 22,001 | 21,007 | 20,000 | 18,596 | 17,528 | 16,865 | 16,326 | 15,956 | | Shares Outstanding-Diluted | | 11.99 | 15.62 | 11.97 | 13.60 | 16.73 | 18.94 | 18.85 | 35.31 | 25.22 | 22.62 | 27.99 | | PE Ratio | | 3.47 | 5.30 | 5.16 | 4.70 | 5.89 | 10.02 | 11.00 | 30.09 | 36.84 | 43.49 | 46.03 | | PB Ratio | | 2.60 | 3.37 | 2.73 | 2.88 | 3.53 | 4.25 | 4.00 | 7.39 | 6.52 | 5.72 | 6.88 | | PS Ratio | | 7.10 | 9.73 | 7.55 | 8.50 | 10.86 | 12.89 | 12.25 | 24.53 | 19.38 | 17.09 | 20.83 | | EV-to-EBITDA | |
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | TTM | | Per Share Data | |
| 6.55 | 7.46 | 10.09 | 9.80 | 10.91 | 13.28 | 13.99 | 15.66 | 21.69 | 24.15 | 23.97 | | Revenue per Share | | 1.42 | 1.61 | 2.31 | 2.08 | 2.30 | 2.98 | 2.97 | 3.28 | 5.61 | 6.11 | 5.89 | | Earnings per Share | | 1.71 | 2.04 | 3.01 | 2.43 | 2.47 | 3.21 | 3.17 | 4.19 | 5.51 | 6.83 | 6.03 | | Free Cash Flow per Share | | 0.41 | 0.45 | 0.50 | 0.55 | 0.60 | 0.68 | 0.75 | 0.80 | 0.85 | 0.90 | 0.91 | | Dividends per Share | | 4.68 | 4.38 | 4.95 | 5.61 | 6.54 | 5.63 | 5.09 | 3.85 | 3.84 | 3.18 | 3.58 | | Tangible Book per Share | | 24.05 | 27.59 | 37.99 | 35.93 | 38.70 | 47.27 | 50.73 | 56.81 | 79.74 | 89.67 | 90.45 | | Median PS Value | | 12.23 | 12.61 | 16.01 | 16.19 | 18.40 | 19.43 | 18.44 | 16.85 | 22.02 | 20.90 | 21.78 | | Graham Number | |
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | TTM | | Income Statement | |
| 170,910 | 182,795 | 233,715 | 215,639 | 229,234 | 265,595 | 260,174 | 274,515 | 365,817 | 394,328 | 387,537 | | Revenue | | 64,304 | 70,537 | 93,626 | 84,263 | 88,186 | 101,839 | 98,392 | 104,956 | 152,836 | 170,782 | 166,871 | | Gross Profit | | 37.62 | 38.59 | 40.06 | 39.08 | 38.47 | 38.34 | 37.82 | 38.23 | 41.78 | 43.31 | 43.06 | | Gross Margin % | | 15,305 | 18,034 | 22,396 | 24,239 | 26,842 | 30,941 | 34,462 | 38,668 | 43,887 | 51,345 | 52,906 | | Total Operating Expense | | 48,999 | 52,503 | 71,230 | 60,024 | 61,344 | 70,898 | 63,930 | 66,288 | 108,949 | 119,437 | 113,965 | | Operating Income | | 28.67 | 28.72 | 30.48 | 27.84 | 26.76 | 26.69 | 24.57 | 24.15 | 29.78 | 30.29 | 29.41 | | Operating Margin % | | 37,037 | 39,510 | 53,394 | 45,687 | 48,351 | 59,531 | 55,256 | 57,411 | 94,680 | 99,803 | 95,171 | | Net Income | | 21.67 | 21.61 | 22.85 | 21.19 | 21.09 | 22.41 | 21.24 | 20.91 | 25.88 | 25.31 | 24.56 | | Net Margin % | | 50,291 | 53,867 | 73,248 | 62,828 | 66,412 | 76,143 | 69,313 | 69,964 | 111,852 | 122,034 | 116,725 | | EBIT | | 57,048 | 61,813 | 84,505 | 73,333 | 76,569 | 87,046 | 81,860 | 81,020 | 123,136 | 133,138 | 128,048 | | EBITDA | | 30.64 | 33.61 | 46.25 | 36.90 | 36.87 | 49.36 | 55.92 | 73.69 | 147.44 | 175.46 | 156.10 | | ROE % | | 19.34 | 18.01 | 20.45 | 14.93 | 13.87 | 16.07 | 15.69 | 17.33 | 28.06 | 28.36 | 26.92 | | ROA % | |
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | Dec22 | | Balance Sheet | |
| 40,546 | 25,077 | 41,601 | 67,155 | 74,181 | 66,301 | 100,557 | 90,943 | 62,639 | 48,304 | 51,355 | | Cash & Equivalents & MS | | 73,286 | 68,531 | 89,378 | 106,869 | 128,645 | 131,339 | 162,819 | 143,713 | 134,836 | 135,405 | 128,777 | | Total Current Assets | | 207,000 | 231,839 | 290,345 | 321,686 | 375,319 | 365,725 | 338,516 | 323,888 | 351,002 | 352,755 | 346,747 | | Total Assets | | -- | 6,308 | 10,999 | 11,605 | 18,473 | 20,748 | 16,240 | 13,769 | 15,613 | 21,110 | 11,483 | | Short-Term Debt & CLO | | 43,658 | 63,448 | 80,610 | 79,006 | 100,814 | 115,929 | 105,718 | 105,392 | 125,481 | 153,982 | 137,286 | | Total Current Liabilities | | 16,960 | 28,987 | 53,329 | 75,427 | 97,207 | 93,735 | 91,807 | 98,667 | 109,106 | 98,959 | 99,627 | | Long-Term Debt & CLO | | 83,451 | 120,292 | 170,990 | 193,437 | 241,272 | 258,578 | 248,028 | 258,549 | 287,912 | 302,083 | 290,020 | | Total Liabilities | | 123,549 | 111,547 | 119,355 | 128,249 | 134,047 | 107,147 | 90,488 | 65,339 | 63,090 | 50,672 | 56,727 | | Total Stockholders Equity | | 123,549 | 111,547 | 119,355 | 128,249 | 134,047 | 107,147 | 90,488 | 65,339 | 63,090 | 50,672 | 56,727 | | Total Equity | |
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | TTM | | Cashflow Statement | |
| 53,666 | 59,713 | 81,266 | 66,231 | 64,225 | 77,434 | 69,391 | 80,674 | 104,038 | 122,151 | 109,190 | | Cash Flow from Operations | | -33,774 | -22,579 | -56,274 | -45,977 | -46,446 | 16,066 | 45,896 | -4,289 | -14,545 | -22,354 | -7,693 | | Cash Flow from Investing | | -16,379 | -37,549 | -17,716 | -20,890 | -17,974 | -87,876 | -90,976 | -86,820 | -93,353 | -110,749 | -118,153 | | Cash Flow from Financing | | 3,513 | -415.00 | 7,276 | -636.00 | -195.00 | 5,624 | 24,311 | -10,435 | -3,860 | -10,952 | -16,656 | | Net Change in Cash | | 14,259 | 13,844 | 21,120 | 20,484 | 20,289 | 25,913 | 50,224 | 39,789 | 35,929 | 24,977 | 21,974 | | Ending Cash Position | | -9,076 | -9,813 | -11,488 | -12,734 | -12,451 | -13,313 | -10,495 | -7,309 | -11,085 | -10,708 | -11,692 | | Capital Expenditure | | 44,590 | 49,900 | 69,778 | 53,497 | 51,774 | 64,121 | 58,896 | 73,365 | 92,953 | 111,443 | 97,498 | | Free Cash Flow |
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| Competitor | (* Up to 5 competitors are listed here. See full competitors list in stock Analysis page) | | Ticker | Company | Market Cap
($M) | PE Ratio | GF Score
/100 | Financial
Strength /10 | Profitability
Rank /10 | GF Value
Rank /10 | Growth
Rank /10 | Momentum
Rank /10 | |
| NAS:AAPL | Apple Inc | 2,608,090 | 27.99 | 96 | 7 | 10 | 5 | 10 | 7 | | XKRX:005930 | Samsung Electronics Co Ltd | 326,391 | 7.94 | 92 | 10 | 9 | 6 | 8 | 10 | | TSE:6758 | Sony Group Corp | 111,419 | 16.19 | 82 | 3 | 6 | 10 | 8 | 8 | | HKSE:01810 | Xiaomi Corp | 38,501 | 121.00 | 84 | 7 | 7 | 7 | 6 | 8 | | TSE:6752 | Panasonic Holdings Corp | 20,779 | 12.40 | 74 | 4 | 5 | 9 | 4 | 8 |
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