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AAPL - Apple Inc.

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Apple Inc.

AAPL

NASDAQ

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod. It also provides AppleCare support and cloud services; and operates various platforms, including the App Store that allow customers to discover and download applications and digital content, such as books, music, video, games, and podcasts, as well as advertising services include third-party licensing arrangements and its own advertising platforms. In addition, the company offers various subscription-based services, such as Apple Arcade, a game subscription service; Apple Fitness+, a personalized fitness service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News+, a subscription news and magazine service; Apple TV+, which offers exclusive original content; Apple Card, a co-branded credit card; and Apple Pay, a cashless payment service, as well as licenses its intellectual property. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It distributes third-party applications for its products through the App Store. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers, wholesalers, retailers, and resellers. Apple Inc. was founded in 1976 and is headquartered in Cupertino, California.

221.53 USD

-2.22 (-1%)

Operating Data

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

274.51B

365.82B

394.33B

383.29B

391.04B

430.41B

473.74B

521.44B

573.95B

631.73B

Revenue %

-

33.26

7.79

-2.8

2.02

10.07

10.07

10.07

10.07

Ebitda

77.34B

120.23B

130.54B

125.82B

134.66B

138.94B

152.93B

168.33B

185.28B

203.94B

Ebitda %

28.17

32.87

33.1

32.83

34.44

32.28

32.28

32.28

32.28

Ebit

66.29B

108.95B

119.44B

114.3B

123.22B

125.29B

137.91B

151.79B

167.08B

183.9B

Ebit %

24.15

29.78

30.29

29.82

31.51

29.11

29.11

29.11

29.11

Depreciation

11.06B

11.28B

11.1B

11.52B

11.45B

13.65B

15.03B

16.54B

18.21B

20.04B

Depreciation %

4.03

3.08

2.82

3.01

2.93

3.17

3.17

3.17

3.17

Balance Sheet

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Total Cash

90.94B

62.64B

48.3B

61.55B

65.17B

81.97B

90.23B

99.31B

109.31B

120.32B

Total Cash %

33.13

17.12

12.25

16.06

16.67

19.05

19.05

19.05

19.05

Receivables

37.45B

51.51B

60.93B

60.98B

66.24B

65.44B

72.03B

79.28B

87.27B

96.05B

Receivables %

13.64

14.08

15.45

15.91

16.94

15.2

15.2

15.2

15.2

Inventories

4.06B

6.58B

4.95B

6.33B

7.29B

6.93B

7.62B

8.39B

9.24B

10.17B

Inventories %

1.48

1.8

1.25

1.65

1.86

1.61

1.61

1.61

1.61

Payable

42.3B

54.76B

64.11B

62.61B

68.96B

69.39B

76.37B

84.06B

92.53B

101.85B

Payable %

15.41

14.97

16.26

16.34

17.64

16.12

16.12

16.12

16.12

Cap Ex

-7.31B

-11.09B

-10.71B

-10.96B

-9.45B

-11.78B

-12.96B

-14.27B

-15.71B

-17.29B

Cap Ex %

-2.66

-3.03

-2.72

-2.86

-2.42

-2.74

-2.74

-2.74

-2.74

Weighted Average Cost Of Capital

Price

221.53

Beta

Diluted Shares Outstanding

15.41B

Costof Debt

4.08

Tax Rate

After Tax Cost Of Debt

3.1

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

106.63B

Total Equity

3.41T

Total Capital

3.52T

Debt Weighting

3.03

Equity Weighting

96.97

Wacc

9.45

Build Up Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

274.51B

365.82B

394.33B

383.29B

391.04B

430.41B

473.74B

521.44B

573.95B

631.73B

Ebitda

77.34B

120.23B

130.54B

125.82B

134.66B

138.94B

152.93B

168.33B

185.28B

203.94B

Ebit

66.29B

108.95B

119.44B

114.3B

123.22B

125.29B

137.91B

151.79B

167.08B

183.9B

Tax Rate

24.09

24.09

24.09

24.09

24.09

24.09

24.09

24.09

24.09

24.09

Ebiat

56.72B

94.46B

100.08B

97.48B

93.53B

104.56B

115.08B

126.67B

139.43B

153.46B

Depreciation

11.06B

11.28B

11.1B

11.52B

11.45B

13.65B

15.03B

16.54B

18.21B

20.04B

Receivables

37.45B

51.51B

60.93B

60.98B

66.24B

65.44B

72.03B

79.28B

87.27B

96.05B

Inventories

4.06B

6.58B

4.95B

6.33B

7.29B

6.93B

7.62B

8.39B

9.24B

10.17B

Payable

42.3B

54.76B

64.11B

62.61B

68.96B

69.39B

76.37B

84.06B

92.53B

101.85B

Cap Ex

-7.31B

-11.09B

-10.71B

-10.96B

-9.45B

-11.78B

-12.96B

-14.27B

-15.71B

-17.29B

Ufcf

61.26B

90.54B

102.04B

95.09B

95.67B

108.02B

116.85B

128.61B

141.56B

155.81B

Wacc

9.45

9.45

9.45

9.45

9.45

Pv Ufcf

98.69B

97.54B

98.09B

98.65B

99.2B

Sum Pv Ufcf

492.16B

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

9.45

Free Cash Flow T1

162.05B

Terminal Value

2.97T

Present Terminal Value

1.89T

Intrinsic Value

Enterprise Value

2.38T

Net Debt

76.69B

Equity Value

2.31T

Diluted Shares Outstanding

15.41B

Equity Value Per Share

149.79

Projected DCF

149.79 -0.479%

DCF Levered

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