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AAPL

AppleNasdaqGS:AAPL Stock Report

Last Price

US$169.80

Market Cap

US$2.8t

7D

-3.0%

1Y

32.8%

Updated

18 Jan, 2022

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$22.4b

Western Digital

NasdaqGS:WDC

US$20.0b

3D Systems

NYSE:DDD

US$2.4b

Price History & Performance

Summary of all time highs, changes and price drops for Apple
Historical stock prices
Current Share PriceUS$169.80
52 Week HighUS$182.94
52 Week LowUS$116.21
Beta1.2
1 Month Change-0.78%
3 Month Change13.76%
1 Year Change32.83%
3 Year Change343.05%
5 Year Change466.14%
Change since IPO50,954.00%

Recent News & Updates

Jan 18

Selling Apple To Buy Berkshire: A Great Trade For Conservative Investors

Passive investment vehicles have created distortions in the valuation of many public companies. Apple, while it is a fantastic business, trades at nearly a $3T market cap and a significant premium to historical multiples. Investors looking for exposure to Apple should consider buying undervalued shares of Berkshire Hathaway. Berkshire is a well diversified company, with a large equity portfolio and subsidiaries including the BNSF railroad, Berkshire Hathaway Energy, and GEICO.

Jan 12

Apple: The Growth Story Goes On

Apple had a 33.5% stock growth during the previous year, reaching a $3 trillion valuation mark, making it the highest valued company globally. The company reported a 29% QoQ revenue growth, but the number does not include iPhone 13 sales yet. These sales will be reflected in the current quarter results. Apple services have almost doubled the gross margin compared to the rest of the Apple products, and the segment is vigorously increasing. Silicon Valley giants, including Apple, are gearing up to materialize the untapped potential offered by the Metaverse through its AR/VR developments. I am bullish on the stock as it boasts a 19% upside in the coming months while promising heavy future returns through rigorous growth.

Jan 10
Apple's (NASDAQ:AAPL) Price is Still Ahead of Current Forecasts

Apple's (NASDAQ:AAPL) Price is Still Ahead of Current Forecasts

Apple Inc. (NASDAQ:AAPL) recently crossed the $3 trillion market capitalization mark which put the stock back in the spotlight heading into 2022. Now that the share price has pulled back 8% from the highs, is it offering investors an opportunity? We decided to have a look at Apple’s outlook and value based on the most recent financial data to see if there may still be an opportunity at the current price.

Jan 09
Investors Shouldn't Overlook Apple's (NASDAQ:AAPL) Impressive Returns On Capital

Investors Shouldn't Overlook Apple's (NASDAQ:AAPL) Impressive Returns On Capital

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Jan 02

Apple: Why You Should Not De-Apple And How To Do It If You Really Need To

You might be concerned that you are holding too much Apple stock (rightfully so) with its market capitalization approaching $3 trillion. Is it time to de-Apple, to reduce the concentration risk, and to better diversify? Ray Dalio called diversification the “Holy Grail of Investing” for good reasons. However, the subtleties and fundamental limitations are often ignored. This article will examine the fine line between diversification and deworsification, and show it’s never a good idea to diversify just for the sake of diversification.

Shareholder Returns

AAPLUS TechUS Market
7D-3.0%-3.0%-3.5%
1Y32.8%31.6%10.2%

Return vs Industry: AAPL underperformed the US Tech industry which returned 34.9% over the past year.

Return vs Market: AAPL exceeded the US Market which returned 13.7% over the past year.

Price Volatility

Is AAPL's price volatile compared to industry and market?
AAPL volatility
AAPL Average Weekly Movement3.6%
Tech Industry Average Movement9.4%
Market Average Movement6.6%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.4%

Stable Share Price: AAPL is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: AAPL's weekly volatility (4%) 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$2.77t
Earnings (TTM)US$94.68b
Revenue (TTM)US$365.82b

29.3x

P/E Ratio

7.6x

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

Jan 27, 2022

Earnings per share (EPS)5.80
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?

29.29x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AAPL ($169.8) is trading above our estimate of fair value ($112.82)

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 (29.3x) compared to the US Tech industry average (13.9x).

PE vs Market: AAPL is poor value based on its PE Ratio (29.3x) compared to the US market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: AAPL is poor value based on its PEG Ratio (18.8x)


Price to Book Ratio

PB vs Industry: AAPL is overvalued based on its PB Ratio (44x) compared to the US Tech industry average (1.8x).


Future Growth

How is Apple forecast to perform in the next 1 to 3 years based on estimates from 39 analysts?

1.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AAPL's forecast earnings growth (1.6% per year) is below the savings rate (2%).

Earnings vs Market: AAPL's earnings (1.6% per year) are forecast to grow slower than the US market (13% per year).

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

Revenue vs Market: AAPL's revenue (4.8% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: AAPL's revenue (4.8% 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 (131.8%).


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 57.5%.


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?

0.52%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AAPL's dividend (0.52%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: AAPL's dividend (0.52%) is low compared to the top 25% of dividend payers in the US market (3.44%).


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?

4.5yrs

Average management tenure


CEO

Tim Cook (60 yo)

10.42yrs

Tenure

US$98,734,394

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 ($USD98.73M) is above average for companies of similar size in the US market ($USD11.20M).

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 (4.5 years average tenure).


Board Members

Experienced Board: AAPL's board of directors are seasoned and experienced ( 10.4 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
  • Implied Market Cap: US$2.774t
  • Shares outstanding: 16.33b
  • 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 Analysis2022/01/18 23:48
End of Day Share Price2022/01/18 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.