Apple Inc

AAPL $154.94 1.9  1.2%
16/01/19

Momentum
Relative Strength (%)
1m -8.8%
3m -25.8%
1yr -7.1%
Volume Change (%)
10d v 3m +9.31%
Price vs... (%)
52w High -34.4%
50d MA -11.5%
200d MA -20.4%
vs.
market
vs.
industry
Growth & Value
12m Forecast Rolling
PE Ratio (f) 12.1
PEG Ratio (f) 3.64
EPS Growth (f) 3.45 %
Dividend Yield (f) 2.08 %
Valuation (ttm)
Price to Book Value 6.78
Price to Tang. Book 6.78
Price to Free Cashflow 11.3
Price to Sales 2.73
EV to EBITDA 9.47
Margin of Safety (beta)
Screens Passed 1
vs.
market
vs.
industry
Quality
Return on Capital 28.5 %
Return on Equity 51.0 %
Operating Margin 26.7 %
Balance Sheet · Income Statement · Cashflow Financial Summary
Year End 29th Sep 2013 2014 2015 2016 2017 2018 2019E 2020E CAGR / Avg
Revenue $m 170,910 182,795 233,715 215,639 229,234 265,595 261,193 272,759 +9.2%
Operating Profit $m 48,999 52,503 71,230 60,024 61,344 70,898 +7.7%
Net Profit $m 37,037 39,510 53,394 45,687 48,351 59,531 56,336 58,790 +10.0%
EPS Reported $ 5.68 6.45 9.22 8.31 9.21 12.2 +16.5%
EPS Normalised $ 5.68 6.45 9.22 8.31 9.21 12.2 12.2 13.6 +16.5%
EPS Growth % -9.9 +13.6 +42.8 -9.9 +10.8 +32.6 -0.049 +11.7
PE Ratio x 12.5 12.5 11.2
PEG x n/a 1.08 1.22
Profitability
Operating Margin % 28.7 28.7 30.5 27.8 26.8 26.7 +28.2%
ROA % 18.0 20.5 14.9 13.9 16.5
ROCE % 30.0 31.2 34.0 24.7 22.3 28.5 +28.5%
ROE % 33.6 46.2 36.9 36.9 50.6 +40.9%
Cashflow
Op. Cashflow ps $ 8.23 9.75 14.0 12.0 12.2 15.5 +13.5%
Capex ps $ 1.39 1.60 1.98 2.32 2.37 2.66 +13.9%
Free Cashflow ps $ 6.84 8.15 12.0 9.73 9.86 12.8 +13.4%
Last ex-div: 8th Nov, paid: 15th Nov more... Dividends
Dividend ps $ 1.63 1.81 1.98 2.18 2.40 2.72 3.08 3.46 +10.8%
Dividend Growth % +330.2 +11.2 +9.30 +10.1 +10.1 +13.3 +13.1 +12.3
Dividend Yield % 1.78 2.01 2.26
Dividend Cover x 3.49 3.56 4.65 3.81 3.84 4.49 3.97 3.94
Balance Sheet
Cash etc $m 40,546 25,077 41,601 67,155 74,181 66,301 +10.3%
Working Capital $m 29,628 5,083 8,768 27,863 27,831 14,473 -13.3%
Net Fixed Assets $m 127,958 154,550 191,958 206,197 246,674 234,386 +12.9%
Net Debt $m -23,586 10,218 22,727 19,877 41,499 48,182
Book Value $m 123,549 111,547 119,355 128,249 134,047 107,147 -2.8%
Average Shares m 6,522 6,123 5,793 5,500 5,252 5,000 -5.2%
Book Value ps $ 19.6 19.0 21.4 24.0 26.1 22.5 +2.8%

FINANCIAL BRIEF: For the fiscal year ended 29 September 2018, Apple Inc. revenues increased 16% to $265.6B. Net income before extraordinary items increased 26% to $61.05B. Revenues reflect Americas- Operating segment increase of 16% to $112.09B, Europe-Operating segment increase of 14% to $62.42B, Other Foreign segment increase of 15% to $115.59B, United States segment increase of 16% to $98.06B, Number of Units Sold - iPhone increase of less than 1% to 217.7M. more »

Health Trend
Bankruptcy Risk
Earnings Manipulation Risk
1293     91%    A+
Magic Formula Score
A+
A+
Other Ratios
Leverage (ttm) Total -Intang +Pension
Gross Gearing % 106.8 106.8 106.8
Net Gearing % 45.0 45.0 45.0
Cash / Assets % 18.1 18.1
Liquidity (ttm)
Curr. Ratio 1.12
Quick Ratio 1.09
Interest Cov. 100.0
Efficiency (ttm)
Asset Turnover 0.74
Rec's Turnover 11.4
Stock Turnover 39.1
vs.
market
vs.
industry
Recent History
Latest interim period (ended 29th Sep '18) vs. prior year
Sales Growth 19.6 %
EPS Growth 30.0 %
3yr Compound Annual Growth Rate
Sales Growth 4.35 %
EPS Growth 9.82 %
DPS Growth 11.2 %
Graphical History Current Fiscal Year 2019

Broker Forecasts
29th Sep 2019
29th Sep 2020

Price Target: $181.6
(+18.61% above Price)
Net Profit EPS DPS Net Profit EPS DPS
Est. Long Term Growth Rate: +13.0% ($) ($) ($) ($) ($) ($)
Consensus Estimate 56.34bn 12.2 3.08 58.79bn 13.6 3.46
1m Change -5.39bn -1.09 -0.002 -4.90bn -1.02 -0.002
3m Change -7.23bn -1.53 -0.051 -7.49bn -1.55 -0.092
37 brokers Broker Consensus Trend
Broker Recommendations for Apple Inc
Recommendation:Strong SellSellHoldBuyStrong Buy
No. of Analysts: 0 0 21 7 13

Named Brokers and Analysts
Bank of America Merrill Lynch Wamsi Mohan , Deutsche Bank , Pacific Crest Securities , Wedbush Securities Inc. Daniel Ives , Cowen and Company , Stifel Nicolaus and Company, Incorporated , Needham & Company Inc. Laura Martin , Jefferies Timothy O'Shea , D.A. Davidson & Company Thomas Forte , HSBC , Credit Suisse - North America , Oppenheimer & Co., Inc. Andrew Uerkwitz , RBC Capital Markets Amit Daryanani , Raymond James Chris Caso , Piper Jaffray Michael Olson , Morgan Stanley Katy Huberty , Citi Jim Suva , BMO Capital Markets Tim Long , BERNSTEIN Toni Sacconaghi , Wells Fargo Securities, LLC Aaron Rakers , Goldman Sachs Research , Argus Research Corporation Jim Kelleher , Canaccord Genuity T. Michael Walkley , Brean Capital, LLC , Robert W. Baird & Co. William Power , William Blair & Company , KeyBanc Capital Markets Inc. Andrew Hargreaves , Loop Capital Ananda Baruah , JJB Hilliard WL Lyons , UBS Equities Steven Milunovich , Longbow Research Shawn Harrison , Susquehanna Financial Group LLLP , Maxim Group Nehal Chokshi , Cross Research Shannon Cross , CLSA , Nomura Securities , Macquarie Research Ben Schachter , Daiwa Securities Capital Markets Louis Miscioscia , JPMorgan Samik Chatterjee , Eugene Investment & Securities , DZ Bank Ingo Wermann , CRT Capital (Historical) , CITIC Securities Yingbo Xu , Atlantic Equities James Cordwell , Cleveland Research Company Benjamin Bollin , China International Capital Corporation (Hong Kong) Limited , Wolfe Research Steven Milunovich , Barclays , Monness, Crespi, Hardt, & Co Inc. Brian White , Daishin Securities Kor Lang Kangho(John) Park , Accountability Research Corp Mark Rosen , Arete Research Richard Kramer , FBN Securities Shebly Seyrafi , Morningstar, Inc. Abhinav Davuluri , Mizuho Securities USA Parthiv Varadarajan , Guggenheim Securities LLC , Crispidea , BTIG Walter Piecyk , BGC partners (Historical) , Drexel Hamilton , Tigress Financial Partners Ivan Feinseth , Casa de Bolsa Ve Por Mas Raul Eduardo Uribe Sanchez , Rosenblatt Securities, Inc. Jun Zhang , Elazar Advisors Chaim Siegel , Nomura | Instinet Jeffrey Kvaal ,

Profile Summary

Apple Inc. designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players. The Company sells a range of related software, services, accessories, networking solutions, and third-party digital content and applications. The Company's segments include the Americas, Europe, Greater China, Japan and Rest of Asia Pacific. The Americas segment includes both North and South America. The Europe segment includes European countries, India, the Middle East and Africa. The Greater China segment includes China, Hong Kong and Taiwan. The Rest of Asia Pacific segment includes Australia and the Asian countries not included in the Company's other operating segments. Its products and services include iPhone, iPad, Mac, iPod, Apple Watch, Apple TV, a portfolio of consumer and professional software applications, iPhone OS (iOS), OS X and watchOS operating systems, iCloud, Apple Pay and a range of accessory, service and support offerings.

Directors: Art Levinson (CHM) 67, Timothy Cook (CEO) 57, Luca Maestri (CFO) 54, Katherine Adams (SVP) 53, Phil Schiller (SVP) 57, Angela Ahrendts (SVP) 57, Eddy Cue (SVP) 54, Craig Federighi (SVP) 48, Daniel Riccio (SVP) 55, Johny Srouji (SVP) 53, James Bell (IND) 69, AI Gore (IND) 69, Robert Iger (IND) 67, Ronald Sugar (IND) 69, Sue Wagner (IND) 56,

No. of Employees: 132,000 No. of Shareholders: 23,712


Last Annual September 29th, 2018
Last Interim September 29th, 2018
Incorporated January 3, 1977
Public Since December 12, 1980
Shares in Issue 4,745,398,000
Free Float 4.74bn (99.9%)

AAPL Share Price Performance AAPLQuote
$154.94
1.9  1.2%
Traded 9:15pm · Minimum 15 min delayed · NMS:

Latest AAPL News Announcements (delayed)

Upcoming AAPL Events
Tuesday 29th January, 2019
Q1 2019 Apple Inc Earnings Release
Tuesday 29th January, 2019
Q1 2019 Apple Inc Earnings Call
Friday 1st March, 2019
Apple Inc Annual Shareholders Meeting

Recent ↓
Thursday 8th November, 2018
Dividend For AAPL.OQ
Thursday 8th November, 2018
Dividend For AAPL.BA
Thursday 1st November, 2018
Q4 2018 Apple Inc Earnings Call
Thursday 1st November, 2018
Q4 2018 Apple Inc Earnings Release
Tuesday 30th October, 2018
Apple Inc Special Event
Wednesday 12th September, 2018
Apple Inc Special Event
Friday 10th August, 2018
Dividend For AAPL.OQ
Friday 10th August, 2018
Dividend For AAPL.BA
Tuesday 31st July, 2018
Q3 2018 Apple Inc Earnings Call
Tuesday 31st July, 2018
Q3 2018 Apple Inc Earnings Release
Friday 11th May, 2018
Dividend For AAPL.OQ
Friday 11th May, 2018
Dividend For AAPL.BA
Tuesday 1st May, 2018
Q2 2018 Apple Inc Earnings Call
Tuesday 1st May, 2018
Q2 2018 Apple Inc Earnings Release
Tuesday 13th February, 2018
Apple Inc Annual Shareholders Meeting
Friday 9th February, 2018
Dividend For AAPL.OQ
Friday 9th February, 2018
Dividend For AAPL.BA
Thursday 1st February, 2018
Q1 2018 Apple Inc Earnings Call
Thursday 1st February, 2018
Q1 2018 Apple Inc Earnings Release
Friday 10th November, 2017
Dividend For AAPL


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