AAPL Stock Overview
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$141.66|
|52 Week High||US$182.94|
|52 Week Low||US$129.04|
|1 Month Change||-5.33%|
|3 Month Change||-20.84%|
|1 Year Change||5.10%|
|3 Year Change||181.14%|
|5 Year Change||294.87%|
|Change since IPO||42,493.11%|
Recent News & Updates
Apple: 3 Reasons Why The Stock Could Trade Higher
Apple has outperformed for decades, but the company is arguably still a bargain. I present three arguments why I believe Apple shares could trade considerably higher within the next 12-36 months. New market opportunities including (1) VR/AR and the Apple Car, (2) accelerating strength in Apple's service portfolio, and (3) continued financial engineering. I value AAPL shares based on a residual earnings framework and calculate a fair base-case target price of $247.51/share, implying upside of >75%.
Apple Shows A Change In Valuation Thesis
Apple faces the greatest challenge compared to other peers in the new regulatory pushback against Big Tech. It is important to note the impact on revenue and business model of a company due to new regulations instead of monetary fines being imposed. Apple could soon face regulations forcing it to allow other payments options on its App Store which has been the core business for Services segment. Apple will also face challenges in its licensing deal with Google as it prevents many other competitors from gaining fair access to Apple device users. The overall headwinds faced by Apple are not priced in the current valuation of the company and we could see further correction in the stock when these regulations are passed.
Payments, Credit, and EVs - The Key WWDC 2022 Takeaways for Apple (NASDAQ:AAPL) Investors
Apple Inc. (NASDAQ:AAPL) unveiled a bundle of software and hardware updates at WWDC 2022, which may have implications for the further growth of the business. In this article, we will break down these announcements and analyze what they may mean from the perspective of investors.
As Much As We Hate It - The Algorithm Is Short AAPL
Apple has been trending lower since the January 2022 high. Aramco replaced Apple as the world’s most valuable publicly traded company. APPL is in a class by itself. AAPL is not immune to an overall stock market correction, led by the technology sector. The APS is short AAPL and will remain short until the trend bends.
What Does Apple Inc.'s (NASDAQ:AAPL) Share Price Indicate?
Apple Inc. ( NASDAQ:AAPL ) received a lot of attention from a substantial price movement on the NASDAQGS over the last...
|AAPL||US Tech||US Market|
Return vs Industry: AAPL matched the US Tech industry which returned 5% over the past year.
Return vs Market: AAPL exceeded the US Market which returned -18.4% over the past year.
|AAPL Average Weekly Movement||5.7%|
|Tech Industry Average Movement||9.1%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.7%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: AAPL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: AAPL's weekly volatility (6%) has been stable over the past year.
About the Company
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.
Apple Fundamentals Summary
|AAPL fundamental statistics|
Is AAPL overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AAPL income statement (TTM)|
|Cost of Revenue||US$218.79b|
Last Reported Earnings
Mar 26, 2022
Next Earnings Date
|Earnings per share (EPS)||6.30|
|Net Profit Margin||26.41%|
How did AAPL perform over the long term?See historical performance and comparison
0.6%Current Dividend Yield
Is AAPL undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for AAPL?
Other financial metrics that can be useful for relative valuation.
|What is AAPL's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does AAPL's PE Ratio compare to its peers?
|AAPL PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
META Meta Platforms
Price-To-Earnings vs Peers: AAPL is good value based on its Price-To-Earnings Ratio (22.5x) compared to the peer average (28.6x).
Price to Earnings Ratio vs Industry
How does AAPL's PE Ratio compare vs other companies in the US Tech Industry?
Price-To-Earnings vs Industry: AAPL is expensive based on its Price-To-Earnings Ratio (22.5x) compared to the US Tech industry average (14.7x)
Price to Earnings Ratio vs Fair Ratio
What is AAPL'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.
|Current PE Ratio||22.5x|
|Fair PE Ratio||29.3x|
Price-To-Earnings vs Fair Ratio: AAPL is good value based on its Price-To-Earnings Ratio (22.5x) compared to the estimated Fair Price-To-Earnings Ratio (29.3x).
Share Price vs Fair Value
What is the Fair Price of AAPL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: AAPL ($141.66) is trading below our estimate of fair value ($164.4)
Significantly Below Fair Value: AAPL is trading below fair value, but not by a significant amount.
Price to Earnings Growth Ratio
PEG Ratio: AAPL is poor value based on its PEG Ratio (6.3x)
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How is Apple forecast to perform in the next 1 to 3 years based on estimates from 40 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AAPL's forecast earnings growth (3.6% per year) is above the savings rate (1.9%).
Earnings vs Market: AAPL's earnings (3.6% per year) are forecast to grow slower than the US market (13.9% per year).
High Growth Earnings: AAPL's earnings are forecast to grow, but not significantly.
Revenue vs Market: AAPL's revenue (4.9% per year) is forecast to grow slower than the US market (8.4% per year).
High Growth Revenue: AAPL's revenue (4.9% 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 (98.3%).
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How has Apple performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AAPL has high quality earnings.
Growing Profit Margin: AAPL's current net profit margins (26.4%) are higher than last year (23.4%).
Past Earnings Growth Analysis
Earnings Trend: AAPL's earnings have grown by 15% per year over the past 5 years.
Accelerating Growth: AAPL's earnings growth over the past year (33.8%) exceeds its 5-year average (15% per year).
Earnings vs Industry: AAPL earnings growth over the past year (33.8%) underperformed the Tech industry 67.6%.
Return on Equity
High ROE: Whilst AAPL's Return on Equity (151.24%) is outstanding, this metric is skewed due to their high level of debt.
Discover strong past performing companies
How is Apple's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: AAPL's short term assets ($118.2B) do not cover its short term liabilities ($127.5B).
Long Term Liabilities: AAPL's short term assets ($118.2B) do not cover its long term liabilities ($155.8B).
Debt to Equity History and Analysis
Debt Level: AAPL's net debt to equity ratio (101.6%) is considered high.
Reducing Debt: AAPL's debt to equity ratio has increased from 73.3% to 178% over the past 5 years.
Debt Coverage: AAPL's debt is well covered by operating cash flow (97%).
Interest Coverage: AAPL earns more interest than it pays, so coverage of interest payments is not a concern.
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What is Apple current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AAPL's dividend (0.65%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: AAPL's dividend (0.65%) is low compared to the top 25% of dividend payers in the US market (4.23%).
Stability and Growth of Payments
Stable Dividend: AAPL is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: AAPL is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Earnings Payout to Shareholders
Earnings Coverage: AAPL is not paying a notable dividend for the US market.
Cash Payout to Shareholders
Cash Flow Coverage: AAPL is not paying a notable dividend for the US market.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tim Cook (60 yo)
Mr. Timothy D. Cook, also known as Tim, has been the Chief Executive Officer of Apple Inc. since August 24, 2011. Mr. Cook served as the Chief Operating Officer of Apple Inc., from October 14, 2005 to Augu...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD98.73M) is above average for companies of similar size in the US market ($USD13.43M).
Compensation vs Earnings: Tim's compensation has increased by more than 20% in the past year.
Experienced Management: AAPL's management team is considered experienced (4.9 years average tenure).
Experienced Board: AAPL's board of directors are seasoned and experienced ( 10.8 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Apple Inc.'s employee growth, exchange listings and data sources
- Name: Apple Inc.
- Ticker: AAPL
- Exchange: NasdaqGS
- Founded: 1977
- Industry: Technology Hardware, Storage and Peripherals
- Sector: Tech
- Implied Market Cap: US$2.293t
- Shares outstanding: 16.19b
- Website: https://www.apple.com
Number of Employees
- Apple Inc.
- One Apple Park Way
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/27 00:00|
|End of Day Share Price||2022/06/27 00:00|
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.