Apple Inc.

BATS-CHIXE:APCD Stock Report

Market Cap: €3.3t

Apple Valuation

Is APCD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of APCD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: APCD (€215.6) is trading below our estimate of fair value (€236.34)

Significantly Below Fair Value: APCD is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for APCD?

Key metric: As APCD is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for APCD. This is calculated by dividing APCD's market cap by their current earnings.
What is APCD's PE Ratio?
PE Ratio36.9x
EarningsUS$93.74b
Market CapUS$3.45t

Price to Earnings Ratio vs Peers

How does APCD's PE Ratio compare to its peers?

The above table shows the PE ratio for APCD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.2x
RPI Raspberry Pi Holdings
26.5x-2.0%UK£635.6m
A005930 Samsung Electronics
11.9x12.4%₩376.9t
DELL Dell Technologies
24.6x14.3%US$94.0b
1810 Xiaomi
33.7x19.6%HK$701.3b
APCD Apple
36.9x10.2%€3.5t

Price-To-Earnings vs Peers: APCD is expensive based on its Price-To-Earnings Ratio (36.9x) compared to the peer average (23.8x).

Price to Earnings Ratio vs Industry

How does APCD's PE Ratio compare vs other companies in the European Tech Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies3PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: APCD is expensive based on its Price-To-Earnings Ratio (36.9x) compared to the Global Tech industry average (21.9x).

Price to Earnings Ratio vs Fair Ratio

What is APCD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

APCD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio36.9x
Fair PE Ratio50.9x

Price-To-Earnings vs Fair Ratio: APCD is good value based on its Price-To-Earnings Ratio (36.9x) compared to the estimated Fair Price-To-Earnings Ratio (50.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst APCD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€217.95
€231.96
+6.4%
10.8%€284.64€174.58n/a42
Nov ’25€205.85
€223.28
+8.5%
12.2%€276.84€169.80n/a42
Oct ’25€203.10
€214.74
+5.7%
12.9%€268.41€165.52n/a41
Sep ’25€206.55
€211.98
+2.6%
13.8%€269.91€161.95n/a42
Aug ’25€206.80
€208.96
+1.0%
14.4%€277.17€157.06n/a41
Jul ’25€197.12
€197.15
+0.02%
14.1%€256.71€116.69n/a42
Jun ’25€176.34
€188.23
+6.7%
12.2%€253.50€115.23n/a42
May ’25€162.98
€185.58
+13.9%
12.1%€233.18€116.59n/a44
Apr ’25€157.64
€186.37
+18.2%
12.3%€232.75€116.38n/a43
Mar ’25€165.62
€185.44
+12.0%
12.2%€231.05€115.53n/a43
Feb ’25€170.44
€184.31
+8.1%
12.6%€230.83€115.41n/a43
Jan ’25€174.38
€180.85
+3.7%
12.8%€227.00€105.33n/a44
Dec ’24€174.48
€180.53
+3.5%
12.2%€220.51€106.58n/a44
Nov ’24€160.18
€186.38
+16.4%
12.1%€226.78€109.61€205.8544
Oct ’24€162.88
€186.56
+14.5%
11.9%€224.74€117.05€203.1044
Sep ’24€174.36
€184.14
+5.6%
11.2%€220.92€137.15€206.5543
Aug ’24€178.70
€177.65
-0.6%
13.9%€218.52€105.62€206.8043
Jul ’24n/a
€170.91
0%
12.0%€219.94€106.30€197.1242
Jun ’24n/a
€166.52
0%
11.5%€195.17€107.81€176.3441
May ’24n/a
€155.74
0%
12.7%€191.42€105.73€162.9842
Apr ’24n/a
€156.80
0%
12.3%€194.57€107.47€157.6442
Mar ’24n/a
€156.72
0%
11.9%€195.51€108.00€165.6242
Feb ’24n/a
€154.69
0%
12.4%€193.26€108.60€170.4442
Jan ’24n/a
€162.42
0%
12.1%€197.99€111.25€174.3842
Dec ’23n/a
€173.06
0%
11.3%€208.47€121.11€174.4841
Nov ’23n/a
€178.97
0%
10.9%€212.60€123.51€160.1841

Analyst Forecast: Target price is less than 20% higher than the current share price.

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