STOCKROUTINES

Apple Inc.

Last Updated
Share Price
$152.06
Market Cap
$2.46T
Dividend Yield
N/A
EPS
$6.14
P/E
24.78

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch. Further, it provides AppleCare support services; cloud services store services; and operates various platforms, including the App Store that allow customers to discover and download applications and digital content, such as books, music, video, games, and podcasts. Additionally, the company offers various services, such as Apple Arcade, a game subscription service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News+, a subscription news and magazine service; Apple TV+, which offers exclusive original content; Apple Card, a co-branded credit card; and Apple Pay, a cashless payment service, as well as licenses its intellectual property. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It distributes third-party applications for its products through the App Store. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers, wholesalers, retailers, and resellers. Apple Inc. was incorporated in 1977 and is headquartered in Cupertino, California.

0%
Income
  • Revenue $365.82B
  • Gross Profit $152.84B
  • Net Income $94.68B
  • Gross Margin 41.78%
  • Net Margin 25.88%
Cash Flow
  • Free Cash Flow (FCF) $92.95B
  • Free Cash Flow To Equity (FCFE) $84.2B
  • Dividends Paid $-14.47B
  • Debt Repayment $-8.75B
  • Net Stock Repurchased $84.87B
Balance Sheet
  • Shareholder Equity $63.09B
  • Debt To Equity (D/E) 456.35%
  • Book Value $63.09B
  • Book Value Per Share (BVPS) $0
  • Return On Invested Capital (ROIC) 63.44%
The financial metrics for Apple Inc. presented below are for the financial year 2021.
P/E 25.64 Price To Earnings Ratio
P/S 6.64 Price To Sales Ratio
P/B 38.48 Price To Book Ratio
P/CF 23.34 Price To Operating Cash Flow Ratio
P/FCF 26.12 Price To Free Cash Flow Ratio
P/FCFE 28.83 Price To Levered Free Cash Flow Ratio
P/EBT 22.23 Price To Pre-Tax Income
PEG 0.48 Trailing Price/Earnings To Growth Ratio
EV/Sales 6.88 Enterprise Value To Sales Ratio
EBIT/EV 0.04 EBIT To Enterprise Value Ratio
EV/EBITDA 20.45 Enterprise Value to EBITDA Ratio
D/E 4.56 Debt To Equity Ratio
ROE 147.44% Return On Equity
ROIC 63.44% Return On Invested Capital
DPR 15.28% Dividend Payout Ratio
Current Ratio 1.07 Current Liquidity Ratio
EPS Growth 53.68% Earnings Per Share Growth Rate
Graham Number $21.95 Benjamin Graham's Number
Piotroski Score N/A Piotroski F-Score
Beta N/A Beta Coefficient Value
    2021 2020 2019 2018 2017
Revenue $365.82B$274.51B$260.17B$265.6B$229.23B
Cost of Revenue $212.98B$169.56B$161.78B$163.76B$141.05B
Gross Profit $152.84B$104.96B$98.39B$101.84B$88.19B
Gross Profit Margin 41.78%38.23%37.82%38.34%38.47%
Operating Expenses $43.89B$38.67B$34.46B$30.94B$26.84B
Research & Development Expenses (R&D) $21.91B$18.75B$16.22B$14.24B$11.58B
Selling, General & Administrative Expenses (SG&A) $21.97B$19.92B$18.25B$16.7B$15.26B
Other Expenses $0$0$0$0$0
Net Income $94.68B$57.41B$55.26B$59.53B$48.35B
Net Profit Margin 25.88%20.91%21.24%22.41%21.09%
Operating Income $108.95B$66.29B$63.93B$70.9B$61.34B
Other Income & Expenses (Net) $258M$803M$1.81B$2B$2.75B
Depreciation & Amortization $11.28B$11.06B$12.55B$10.9B$10.16B
Interest Income $2.84B$3.76B$4.96B$5.69B$5.2B
Interest Expense $2.65B$2.87B$3.58B$3.24B$2.32B
Income Tax Expense $14.53B$9.68B$10.48B$13.37B$15.74B
Effective Tax Rate 13.3%14.43%15.94%18.34%24.56%
EBITDA $123.14B$81.02B$81.86B$87.05B$76.57B
EBIT $111.85B$69.96B$69.31B$76.14B$66.41B
EBT N/AN/AN/AN/AN/A
Shares Outstanding 16.7B17.35B18.47B19.82B20.87B
Diluted Shares Outstanding 16.86B17.53B18.6B20B21.01B
EPS $5.67$3.31$2.99$3$2.32
Diluted EPS $5.61$3.28$2.97$2.98$2.3
    2021 2020 2019 2018 2017
Operating Cash Flow $104.04B$80.67B$69.39B$77.43B$63.6B
Net Income $94.68B$57.41B$55.26B$59.53B$48.35B
Depreciation & Amortization $11.28B$11.06B$12.55B$10.9B$10.16B
Deferred Income Tax $-4.77B$-215M$-340M$-32.59B$5.97B
Stock-Based Compensation $7.91B$6.83B$6.07B$5.34B$4.84B
Change In Working Capital $-28.97B$-18.78B$42.63B$-13.36B$-32M
Other Non-Cash Items $23.91B$24.37B$-46.77B$47.61B$-5.68B
Cash From Investing $-14.54B$-4.29B$45.9B$16.07B$-46.45B
Purchases Of Investments $-109.69B$-115.15B$-40.63B$-73.23B$-159.88B
Sales / Maturities of Investments $106.87B$120.48B$98.72B$104.07B$126.34B
Property, Plant & Equipment Investments $-11.09B$-7.31B$-10.49B$-13.31B$-12.45B
Net Acquisitions $-33M$-1.52B$-624M$-721M$-329M
Other Investing Activites $-608M$-791M$-1.08B$-745M$-124M
Cash From Financing $-93.35B$-86.82B$-90.98B$-87.88B$-17.35B
Debt Repayment $-8.75B$-12.63B$-8.8B$-6.5B$-3.5B
Dividend Payments $-14.47B$-14.08B$-14.12B$-13.71B$-12.77B
Payout Ratio 15.28%24.53%25.55%23.03%26.41%
Net Common Stock Repurchased $84.87B$71.48B$66.12B$72.07B$32.34B
Common Stock Repurchased $-85.97B$-72.36B$-66.9B$-72.74B$-32.9B
Common Stock Issued $84.87B$71.48B$66.12B$72.07B$32.34B
Other Financing Activites $14.73B$11.37B$-1.94B$4.41B$31.27B
Accounts Receivables $-10.13B$6.92B$245M$-5.32B$-2.09B
Accounts Payables $12.33B$-4.06B$-1.92B$9.18B$9.62B
Inventory $-2.64B$-127M$-289M$828M$-2.72B
Other Working Capital $9.36B$38.32B$57.1B$14.47B$27.83B
Capital Expenditure (CAPEX) $-11.09B$-7.31B$-10.49B$-13.31B$-12.79B
Effect Of Foreign Exchange On Cash $0$0$0$0$0
Net Change In Cash $-3.86B$-10.44B$24.31B$5.62B$-195M
Free Cash Flow (FCF) $92.95B$73.36B$58.9B$64.12B$50.8B
Free Cash Flow To Equity (FCFE) $84.2B$60.74B$50.09B$57.62B$47.3B
    2021 2020 2019 2018 2017
Total Assets $351B$323.89B$338.52B$365.73B$375.32B
Total Current Assets $134.84B$143.71B$162.82B$131.34B$128.65B
Cash & Short-Term Investments $62.64B$90.94B$100.56B$66.3B$74.18B
Cash & Cash Equivalents $34.94B$38.02B$48.84B$25.91B$20.29B
Short-Term Investments $27.7B$52.93B$51.71B$40.39B$53.89B
Net Receivables $51.51B$37.45B$45.8B$48.99B$35.67B
Inventory $6.58B$4.06B$4.11B$3.96B$4.86B
Other Current Assets $14.11B$11.26B$12.35B$12.09B$13.94B
Total Non-Current Assets $216.17B$180.18B$175.7B$234.39B$246.67B
Property, Plant & Equipment (PP&E) $39.44B$36.77B$37.38B$41.3B$33.78B
Goodwill & Intangible Assets $0$0$0$0$8.02B
Goodwill $0$0$0$0$5.72B
Intangible Assets $0$0$0$0$2.3B
Long-Term Investments $127.88B$100.89B$105.34B$170.8B$194.71B
Other Non-Current Assets $48.85B$42.52B$32.98B$22.28B$10.16B
Other Assets $0$0$0$0$0
Total Liabilities $287.91B$258.55B$248.03B$258.58B$241.27B
Total Current Liabilities $125.48B$105.39B$105.72B$116.87B$100.81B
Accounts Payables $54.76B$42.3B$46.24B$55.89B$49.05B
Short-Term Debt $15.61B$13.77B$16.24B$20.75B$18.47B
Deferred Revenue $7.61B$6.64B$5.52B$7.54B$7.55B
Other Current Liabilities $47.49B$42.68B$37.72B$32.69B$25.74B
Total Non-Current Liabilities $162.43B$153.16B$142.31B$141.71B$140.46B
Long-Term Debt $109.11B$98.67B$91.81B$93.73B$97.21B
Other Non-Current Liabilities $53.33B$54.49B$50.5B$44.75B$8.91B
Total Debt $124.72B$112.44B$108.05B$114.48B$115.68B
Total Shareholder Equity $63.09B$65.34B$90.49B$107.15B$134.05B
Common Stock $57.37B$50.78B$45.17B$40.2B$35.87B
Retained Earnings $5.56B$14.97B$45.9B$70.4B$98.33B
Accumulated Other Comprehensive Income Loss (AOCL) $163M$-406M$-584M$-3.45B$-150M
Other Shareholder Equity $0$0$0$0$0
Total Investments $155.58B$153.81B$157.05B$211.19B$248.61B
Net Debt $89.78B$74.42B$59.2B$88.57B$95.39B
Book Value $63.09B$65.34B$90.49B$107.15B$134.05B

Discounted Cash Flow

Use the Discounted Cash Flow (DCF) tool to estimate the intrinsic value of Apple Inc. stock.

Assumptions
Forecast Period
Required Return
  Low Mid High
Revenue Growth
FCFE Margin
Perpetual Growth
Terminal P/FCFE
Assumptions

The number of assumptions to make for each forecast.

Forecast Period

The number of years to forecast future cash flows. These future cash flows are used to determine the intrinsic present value for the stock.

It is generally recommended to select a longer period for more established companies with stable financial histories.

Forecast Period

The compounding annual rate of return required, according to your investment objectives. This is used to discount back future cash flows.

Revenue Growth

Estimate the annual compounding revenue growth rate. You can use the historical compounding annual growth rates provided below as a guide.

  • 1 Year 28.63%
  • 3 Years 10.14%
  • 5 Years 9.68%
  • 10 Years 9.68%
Levered Free Cash Flow Margin

Estimate levered free cash flow (FCFE) as a percentage of revenue. You can use the historical margins provided below as a guide.

  • 1 Year 23.02%
  • 3 Years 21.47%
  • 5 Years 21.35%
  • 10 Years 21.35%
Perpetual Growth Rate

Estimate the compounding annual growth rate at which revenues will grow in perpetuity after the forecast period. This is the first method used to calculate the terminal value.

Values of between 2% and 5% are generally recommended.

Price To Levered Free Cash Flow

Estimate the price to levered free cash flow (P/FCFE) for the stock after the forecast period. This is the second method used to calculate the terminal value.

This method for calculating the terminal value can be preferred for shorter forecast periods. You can use the historical rations provided below as a guide.

  • 1 Year 28.83
  • 3 Years 27.44
  • 5 Years 23.77
  • 10 Years 23.77
Chief Executive Officer (CEO) Mr. Timothy Cook
Full-Time Employees 100K
Industry Consumer Electronics
Sector Technology
Country US
Website https://www.apple.com

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