Executive Summary
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with moderate growth potential.
Similar Companies
Share Price & News
How has Apple's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AAPL has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.5%
AAPL
-1.4%
AT Tech
-0.4%
AT Market
1 Year Return
95.9%
AAPL
7.7%
AT Tech
3.9%
AT Market
Return vs Industry: AAPL exceeded the Austrian Tech industry which returned 7.7% over the past year.
Return vs Market: AAPL exceeded the Austrian Market which returned 3.9% over the past year.
Shareholder returns
| AAPL | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.5% | -1.4% | -0.4% |
| 30 Day | 2.9% | -3.1% | -0.2% |
| 90 Day | 24.4% | 3.5% | -0.7% |
| 1 Year | 98.5%95.9% | 9.2%7.7% | 7.7%3.9% |
| 3 Year | n/a | 23.8%18.5% | 26.0%14.7% |
| 5 Year | n/a | 93.4%70.5% | 52.7%31.5% |
Price Volatility Vs. Market
How volatile is Apple's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Apple undervalued compared to its fair value and its price relative to the market?
25.26x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AAPL (€295.5) is trading above our estimate of fair value (€275.66)
Significantly Below Fair Value: AAPL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AAPL is good value based on its PE Ratio (25.3x) compared to the Tech industry average (25.5x).
PE vs Market: AAPL is poor value based on its PE Ratio (25.3x) compared to the Austrian market (14.2x).
Price to Earnings Growth Ratio
PEG Ratio: AAPL is poor value based on its PEG Ratio (4x)
Price to Book Ratio
PB vs Industry: AAPL is overvalued based on its PB Ratio (15.7x) compared to the XE Tech industry average (1.3x).
Next Steps
Future Growth
How is Apple forecast to perform in the next 1 to 3 years based on estimates from 37 analysts?
6.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AAPL's forecast earnings growth (6.3% per year) is above the savings rate (-0.1%).
Earnings vs Market: AAPL's earnings (6.3% per year) are forecast to grow slower than the Austrian market (9.8% per year).
High Growth Earnings: AAPL's earnings are forecast to grow, but not significantly.
Revenue vs Market: AAPL's revenue (6.6% per year) is forecast to grow faster than the Austrian market (2.7% per year).
High Growth Revenue: AAPL's revenue (6.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AAPL's Return on Equity is forecast to be very high in 3 years time (139.4%).
Next Steps
Past Performance
How has Apple performed over the past 5 years?
4.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AAPL has high quality earnings.
Growing Profit Margin: AAPL's current net profit margins (21.5%) are lower than last year (22.7%).
Past Earnings Growth Analysis
Earnings Trend: AAPL's earnings have grown by 4.1% per year over the past 5 years.
Accelerating Growth: AAPL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AAPL had negative earnings growth (-3.2%) over the past year, making it difficult to compare to the Tech industry average (-8.4%).
Return on Equity
High ROE: Whilst AAPL's Return on Equity (64.25%) is outstanding, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Apple's financial position?
Financial Position Analysis
Short Term Liabilities: AAPL's short term assets ($163.2B) exceed its short term liabilities ($102.2B).
Long Term Liabilities: AAPL's short term assets ($163.2B) exceed its long term liabilities ($148.9B).
Debt to Equity History and Analysis
Debt Level: AAPL's debt to equity ratio (121%) is considered high.
Reducing Debt: AAPL's debt to equity ratio has increased from 29.6% to 121% over the past 5 years.
Debt Coverage: AAPL's debt is well covered by operating cash flow (67.6%).
Interest Coverage: AAPL earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: AAPL has a low level of unsold assets or inventory.
Debt Coverage by Assets: AAPL's debt is covered by short term assets (assets are 1.5x debt).
Next Steps
Dividend
What is Apple's current dividend yield, its reliability and sustainability?
0.96%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: AAPL's dividend (0.96%) isn’t notable compared to the bottom 25% of dividend payers in the Austrian market (1.58%).
High Dividend: AAPL's dividend (0.96%) is low compared to the top 25% of dividend payers in the Austrian market (4.54%).
Stability and Growth of Payments
Stable Dividend: AAPL is not paying a notable dividend for the Austrian market, therefore no need to check if payments are stable.
Growing Dividend: AAPL is not paying a notable dividend for the Austrian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: AAPL is not paying a notable dividend for the Austrian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AAPL's dividend in 3 years as they are not forecast to pay a notable one for the Austrian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.4yrs
Average management tenure
CEO
Tim Cook (58yo)
8.5yrs
Tenure
US$11,555,466
Compensation
Mr. Timothy D. Cook, also known as Tim, has been the Chief Executive Officer of Apple Inc. since August 24, 2011. Mr. Cook served as the Chief Operating Officer of Apple Inc., from October 14, 2005 to Augu ...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD11.56M) is above average for companies of similar size in the Austrian market ($USD3.60M).
Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 8.5yrs | US$11.56m | 0.019% $254.3m | |
| CFO & Senior VP | 5.8yrs | US$25.21m | 0.00063% $8.3m | |
| Chief Operating Officer | 4.2yrs | US$25.21m | 0.0028% $36.6m | |
| Senior VP | 2.2yrs | US$25.23m | 0.00052% $6.8m | |
| Senior Vice President of People & Retail | 2.6yrs | US$19.16m | 0.00077% $10.1m | |
| Senior Director of Corporate Accounting | 5.2yrs | no data | 0.00019% $2.5m | |
| Chief Technology Officer | 1yrs | no data | no data | |
| Chief Information Officer | 0yrs | no data | no data | |
| Director-Investor Relations | 0yrs | no data | no data | |
| Senior VP of Worldwide Marketing & Interim VP of Communications | 0.3yrs | US$6.78m | no data |
3.4yrs
Average Tenure
55yo
Average Age
Experienced Management: AAPL's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 8.5yrs | US$11.56m | 0.019% $254.3m | |
| Independent Non-Executive Chairman of the Board | 8.3yrs | US$557.92k | 0.026% $344.0m | |
| Independent Director | 12.1yrs | US$385.39k | 0.00055% $7.2m | |
| Independent Director | 9.3yrs | US$400.88k | 0.00056% $7.3m | |
| Independent Director | 17.1yrs | US$360.26k | 0.0026% $34.5m | |
| Independent Director | 4.3yrs | US$355.84k | 0.00018% $2.4m | |
| Independent Director | 5.6yrs | US$354.92k | 0.00034% $4.5m |
8.5yrs
Average Tenure
69yo
Average Age
Experienced Board: AAPL's board of directors are considered experienced (8.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Apple Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Apple Inc.
- Ticker: AAPL
- Exchange: WBAG
- Founded: 1977
- Industry: Technology Hardware, Storage and Peripherals
- Sector: Tech
- Market Cap: US$1.416t
- Listing Market Cap: US$1.312t
- Shares outstanding: 4.38b
- Website: https://www.apple.com
Number of Employees
Location
- Apple Inc.
- One Apple Park Way
- Cupertino
- California
- 95014
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AAPL | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Dec 1980 |
| AAPL * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Dec 1980 |
| APC | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Dec 1980 |
| 0R2V | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Dec 1980 |
| AAPL | SWX (SIX Swiss Exchange) | Yes | Common Stock | CH | CHF | Dec 1980 |
| APC | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | Dec 1980 |
| AAPL | BVC (Bolsa de Valores de Colombia) | Yes | Common Stock | CO | COP | Dec 1980 |
| AAPL | SNSE (Santiago Stock Exchange) | Yes | Common Stock | CL | USD | Dec 1980 |
| AP-U | ETLX (Eurotlx) | Yes | Common Stock | IT | EUR | Dec 1980 |
| AAPL | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Dec 1980 |
| AAPL | BVL (Bolsa de Valores de Lima) | Yes | Common Stock | PE | USD | Dec 1980 |
| AAPL | UKR (PFTS Ukraine Stock Exchange) | Yes | Common Stock | UA | UAH | Dec 1980 |
| US_AAPL | KAS (Kazakhstan Stock Exchange) | Yes | Common Stock | KZ | KZT | Dec 1980 |
| AAPL34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR REPR 1/10 COM NPV | BR | BRL | May 2011 | |
| AAPL | BASE (Buenos Aires Stock Exchange) | CEDEAR(REPR 1/10 SHR) (ARS) | AR | ARS | Aug 2012 |
Biography
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch, and other Apple-branded and third-party accessories. It also provides digital content stores and streaming services; AppleCare support services; and iCloud, a cloud service, which stores music, photos, contacts, calendars, mail, documents, and others. In addition, the company offers various service, such as Apple Arcade, a game subscription service; Apple Card, a co-branded credit card; Apple News+, a subscription news and magazine service; and Apple Pay, a cashless payment service, as well as licenses its intellectual property, and provides other related services. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It sells and delivers third-party applications for its products through the App Store, Mac App Store, and Watch 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 founded in 1977 and is headquartered in Cupertino, California.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/20 22:23 |
| End of Day Share Price | 2020/02/20 00:00 |
| Earnings | 2019/12/28 |
| Annual Earnings | 2019/09/28 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.