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AAPL

AppleNasdaqGS:AAPL Stock Report

Market Cap

US$2.7t

7D

2.4%

1Y

34.7%

Updated

30 Nov, 2021

Data

Company Financials +
AAPL fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance5/6
Financial Health3/6
Dividends0/6

AAPL Stock Overview

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.

Apple Competitors

HP

NYSE:HPQ

US$40.7b

Hewlett Packard Enterprise

NYSE:HPE

US$18.8b

3D Systems

NYSE:DDD

US$2.9b

Canaan

NasdaqGM:CAN

US$1.5b

Price History & Performance

Summary of all time highs, changes and price drops for Apple
Historical stock prices
Current Share PriceUS$165.30
52 Week HighUS$165.70
52 Week LowUS$116.21
Beta1.21
1 Month Change10.35%
3 Month Change8.39%
1 Year Change34.70%
3 Year Change274.22%
5 Year Change501.36%
Change since IPO49,600.98%

Recent News & Updates

Nov 30
Is There Now An Opportunity In Apple Inc. (NASDAQ:AAPL)?

Is There Now An Opportunity In Apple Inc. (NASDAQ:AAPL)?

Today we're going to take a look at the well-established Apple Inc. ( NASDAQ:AAPL ). The company's stock saw a...

Nov 29

Apple Stock: Is Self Service Program Good For Business Outlook?

For years Apple has resisted calls for further authorization of repair services and availability of parts. Starting in 2022 the company will introduce a Self Service Repair program. How will this affect results moving forward and is Apple still a buy near all-time highs?

Nov 22

Apple: Widening Its Moat

We still must question if Apple has a wide economic moat, but in the last few years the company could definitely widen its moat. Not only did Apple start paying a dividend nine years ago, but the company also reduced the number of outstanding shares with a high pace. The stock is fairly valued right now, but it is depending a lot on the growth rates Apple can achieve in the years to come.

Nov 16

Apple: On My Holiday List As They Could Be The First $3 Trillion Company

Apple is coming off of a record year as they generated $365.82 billion in revenue, $94.68 billion in net income and $92.95 billion in FCF. Apple's CFO indicated on the Q4 call that they are expecting to set the tone for 2022 with a record Q1 and set an all-time record in revenue. Over the past nine years, Apple has returned $604 billion to shareholders in buybacks and dividends and decreased their shares outstanding by 37.84%. Apple has trailed the S&P 500 over the past year, but I think in 2022 they will exceed expectations and outpace the S&P 500's total return.

Shareholder Returns

AAPLUS TechUS Market
7D2.4%2.3%-2.8%
1Y34.7%34.5%20.0%

Return vs Industry: AAPL matched the US Tech industry which returned 34.5% over the past year.

Return vs Market: AAPL exceeded the US Market which returned 20% over the past year.

Price Volatility

Is AAPL's price volatile compared to industry and market?
AAPL volatility
AAPL Average Weekly Movement2.9%
Tech Industry Average Movement9.7%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

Stable Share Price: AAPL is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: AAPL's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1977154,000Tim Cookhttps://www.apple.com

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

How do Apple's earnings and revenue compare to its market cap?
AAPL fundamental statistics
Market CapUS$2.71t
Earnings (TTM)US$94.68b
Revenue (TTM)US$365.82b

28.6x

P/E Ratio

7.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AAPL income statement (TTM)
RevenueUS$365.82b
Cost of RevenueUS$212.98b
Gross ProfitUS$152.84b
ExpensesUS$58.16b
EarningsUS$94.68b

Last Reported Earnings

Sep 25, 2021

Next Earnings Date

n/a

Earnings per share (EPS)5.77
Gross Margin41.78%
Net Profit Margin25.88%
Debt/Equity Ratio197.7%

How did AAPL perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

15%

Payout Ratio

Valuation

Is Apple undervalued compared to its fair value and its price relative to the market?

28.64x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AAPL ($165.3) is trading above our estimate of fair value ($112.02)

Significantly Below Fair Value: AAPL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: AAPL is poor value based on its PE Ratio (28.6x) compared to the US Tech industry average (14.1x).

PE vs Market: AAPL is poor value based on its PE Ratio (28.6x) compared to the US market (16.8x).


Price to Earnings Growth Ratio

PEG Ratio: AAPL is poor value based on its PEG Ratio (35.6x)


Price to Book Ratio

PB vs Industry: AAPL is overvalued based on its PB Ratio (43x) compared to the US Tech industry average (2.2x).


Future Growth

How is Apple forecast to perform in the next 1 to 3 years based on estimates from 35 analysts?

0.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AAPL's forecast earnings growth (0.8% per year) is below the savings rate (2%).

Earnings vs Market: AAPL's earnings (0.8% per year) are forecast to grow slower than the US market (14.2% per year).

High Growth Earnings: AAPL's earnings are forecast to grow, but not significantly.

Revenue vs Market: AAPL's revenue (4.5% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: AAPL's revenue (4.5% 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 (133.7%).


Past Performance

How has Apple performed over the past 5 years?

11.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AAPL has high quality earnings.

Growing Profit Margin: AAPL's current net profit margins (25.9%) are higher than last year (20.9%).


Past Earnings Growth Analysis

Earnings Trend: AAPL's earnings have grown by 11.8% per year over the past 5 years.

Accelerating Growth: AAPL's earnings growth over the past year (64.9%) exceeds its 5-year average (11.8% per year).

Earnings vs Industry: AAPL earnings growth over the past year (64.9%) exceeded the Tech industry 61.2%.


Return on Equity

High ROE: Whilst AAPL's Return on Equity (150.07%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is Apple's financial position?


Financial Position Analysis

Short Term Liabilities: AAPL's short term assets ($134.8B) exceed its short term liabilities ($125.5B).

Long Term Liabilities: AAPL's short term assets ($134.8B) do not cover its long term liabilities ($162.4B).


Debt to Equity History and Analysis

Debt Level: AAPL's net debt to equity ratio (98.4%) is considered high.

Reducing Debt: AAPL's debt to equity ratio has increased from 67.8% to 197.7% over the past 5 years.

Debt Coverage: AAPL's debt is well covered by operating cash flow (83.4%).

Interest Coverage: AAPL earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Apple current dividend yield, its reliability and sustainability?

0.53%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AAPL's dividend (0.53%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: AAPL's dividend (0.53%) is low compared to the top 25% of dividend payers in the US market (3.63%).


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.


Current Payout to Shareholders

Dividend Coverage: AAPL is not paying a notable dividend for the US 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 US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Tim Cook (60 yo)

10.25yrs

Tenure

US$14,769,259

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 ($USD14.77M) is above average for companies of similar size in the US market ($USD11.14M).

Compensation vs Earnings: Tim's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: AAPL's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: AAPL's board of directors are seasoned and experienced ( 10.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: AAPL insiders have only sold shares 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 employee growth, exchange listings and data sources


Key Information

  • Name: Apple Inc.
  • Ticker: AAPL
  • Exchange: NasdaqGS
  • Founded: 1977
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: US$2.712t
  • Shares outstanding: 16.41b
  • Website: https://www.apple.com

Number of Employees


Location

  • Apple Inc.
  • One Apple Park Way
  • Cupertino
  • California
  • 95014
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 23:52
End of Day Share Price2021/11/30 00:00
Earnings2021/09/25
Annual Earnings2021/09/25


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.