Apple Inc
NASDAQ:AAPL
Intrinsic Value
Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. [ Read More ]
The intrinsic value of one AAPL stock under the Base Case scenario is 135.22 USD. Compared to the current market price of 170.74 USD, Apple Inc is Overvalued by 21%.
Valuation Backtest
Apple Inc
Run backtest to discover the historical profit from buying and selling AAPL stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Modest Revenue and iPhone Sales, Solid Services Growth
2024-Q1 Earnings Call
This quarter, the company has maintained a steady course, with both total company revenue and iPhone revenue projected to be on par with last year's figures. Services business retains its momentum with expectations for double-digit growth, akin to the previous quarter's performance. Gross margin is estimated to hover between 46% and 47%. Operating expenses (OpEx) will likely range from $14.3 billion to $14.5 billion, while Other Income & Expenses (OI&E) are predicted to be approximately $50 million, without taking into account the impact of marking-to-market of minority investments. Tax rate is anticipated to be around 16%. Reflecting confidence in its financial health, the company's Board of Directors has authorized a cash dividend of $0.24 per share, scheduled for distribution on February 15, 2024 to shareholders of record by February 12, 2024.
Balance Sheet Decomposition
Apple Inc
Current Assets | 143.7B |
Cash & Short-Term Investments | 73.1B |
Receivables | 50.1B |
Other Current Assets | 20.5B |
Non-Current Assets | 209.8B |
Long-Term Investments | 99.5B |
PP&E | 43.7B |
Other Non-Current Assets | 66.7B |
Current Liabilities | 134B |
Accounts Payable | 58.1B |
Short-Term Debt | 2B |
Other Current Liabilities | 73.8B |
Non-Current Liabilities | 145.4B |
Long-Term Debt | 95.1B |
Other Non-Current Liabilities | 50.4B |
Earnings Waterfall
Apple Inc
Revenue
|
385.7B
USD
|
Cost of Revenue
|
-212B
USD
|
Gross Profit
|
173.7B
USD
|
Operating Expenses
|
-55B
USD
|
Operating Income
|
118.7B
USD
|
Other Expenses
|
-17.7B
USD
|
Net Income
|
100.9B
USD
|
Free Cash Flow Analysis
Apple Inc
What is Free Cash Flow?
AAPL Profitability Score
Profitability Due Diligence
Apple Inc's profitability score is 82/100. The higher the profitability score, the more profitable the company is.
Score
Apple Inc's profitability score is 82/100. The higher the profitability score, the more profitable the company is.
AAPL Solvency Score
Solvency Due Diligence
Apple Inc's solvency score is 60/100. The higher the solvency score, the more solvent the company is.
Score
Apple Inc's solvency score is 60/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
AAPL Price Targets Summary
Apple Inc
According to Wall Street analysts, the average 1-year price target for AAPL is 205.44 USD with a low forecast of 159.58 USD and a high forecast of 262.5 USD.
Ownership
AAPL Insider Trading
Buy and sell transactions by insiders
Period | Sold | Bought | Net |
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3 Months |
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9 Months |
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12 Months |
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Shareholder Return
AAPL Price
Apple Inc
Average Annual Return | 36.33% |
Standard Deviation of Annual Returns | 46.73% |
Max Drawdown | -18% |
Market Capitalization | 2.6T USD |
Shares Outstanding | 15 441 899 520 |
Percentage of Shares Shorted | 0.73% |
AAPL News
Last Important Events
Apple Inc
Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.
Sentiment Analysis
Apple Inc
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. The company is headquartered in Cupertino, California and currently employs 154,000 full-time employees. The Company’s products include iPhone, Mac, iPad, and Wearables, Home and Accessories. iPhone is the Company’s line of smartphones based on its iOS operating system. Mac is the Company’s line of personal computers based on its macOS operating system. iPad is the Company’s line of multi-purpose tablets based on its iPadOS operating system. Wearables, Home and Accessories includes AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch and other Apple-branded and third-party accessories. AirPods are the Company’s wireless headphones that interact with Siri. Apple Watch is the Company’s line of smart watches. Its services include Advertising, AppleCare, Cloud Services, Digital Content and Payment Services. Its customers are primarily in the consumer, small and mid-sized business, education, enterprise and government markets.
Contact
IPO
Employees
Officers
The intrinsic value of one AAPL stock under the Base Case scenario is 135.22 USD.
Compared to the current market price of 170.74 USD, Apple Inc is Overvalued by 21%.