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Apple Inc
NASDAQ:AAPL

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Apple Inc Logo
Apple Inc
NASDAQ:AAPL
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Price: 180.75 USD -0.37% Market Closed
Updated: Mar 1, 2024

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 137.73 USD. Compared to the current market price of 180.75 USD, Apple Inc is Overvalued by 24%.

Key Points:
AAPL Intrinsic Value
Base Case
137.73 USD
Overvaluation 24%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Apple Inc

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Fundamental Analysis

Modest Revenue and iPhone Sales, Solid Services Growth
2024-Q1 Earnings Call

Modest Revenue and iPhone Sales, Solid Services Growth

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.

Financials

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
Efficiency
Fundamental Scores

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.

Exceptional 3-Year Average ROE
Exceptional 3-Year Average ROIC
Positive Free Cash Flow
Exceptional ROE
82/100
Profitability
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.

High Altman Z-Score
Long-Term Solvency
Positive Net Debt
Short-Term Solvency
60/100
Solvency
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

Wall Street analysts forecast AAPL stock price to rise over the next 12 months.

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.

Lowest
Price Target
159.58 USD
12% Downside
Average
Price Target
205.44 USD
14% Upside
Highest
Price Target
262.5 USD
45% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

AAPL Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

AAPL Price
Apple Inc

1M 1M
-3%
6M 6M
-5%
1Y 1Y
+25%
3Y 3Y
+43%
5Y 5Y
+328%
10Y 10Y
+984%
Annual Price Range
180.75
52w Low
145.11
52w High
198.11
Price Metrics
Average Annual Return 39.49%
Standard Deviation of Annual Returns 49.3%
Max Drawdown -9%
Shares Statistics
Market Capitalization 2.8T USD
Shares Outstanding 15 441 899 520
Percentage of Shares Shorted 0.64%

AAPL Return Decomposition
Main factors of price return

What is price return decomposition?

AAPL News

Other Videos

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.

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Negative

Sentiment Analysis
Apple Inc

Today
Last 7 Days 7D
Last 30 Days 30D
Last 90 Days 90D

Company Profile

Apple Inc Logo
Apple Inc

Country

United States of America

Industry

Technology

Market Cap

2.8T USD

Dividend Yield

0.53%

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

CALIFORNIA
Cupertino
1 Apple Park Way
+14089961010.0
https://www.apple.com/

IPO

1980-12-12

Employees

154 000

Officers

CEO & Director
Mr. Timothy D. Cook
CFO & Senior VP
Mr. Luca Maestri
Chief Operating Officer
Mr. Jeffrey E. Williams
Senior VP, General Counsel & Secretary
Ms. Katherine L. Adams
Senior Vice President of Retail
Ms. Deirdre O'Brien
Senior Director of Corporate Accounting
Mr. Chris Kondo
Show More
Chief Technology Officer
Mr. James Wilson
Director of Investor Relations
Suhasini Chandramouli
Senior Vice President of Worldwide Marketing
Mr. Greg Joswiak
Head of Corporate Development
Mr. Adrian Perica
Show Less

See Also

Discover More
What is the Intrinsic Value of one AAPL stock?

The intrinsic value of one AAPL stock under the Base Case scenario is 137.73 USD.

Is AAPL stock undervalued or overvalued?

Compared to the current market price of 180.75 USD, Apple Inc is Overvalued by 24%.