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Apple Inc Stock Research

AAPL

175.43USD+2.44(+1.41%)Market Closed

Market Summary

USD175.43+2.44
Market Closed
1.41%

AAPL Alerts

AAPL Stock Price

AAPL RSI Chart

AAPL Valuation

Market Cap

2.8T

Price/Earnings (Trailing)

29.24

Price/Sales (Trailing)

7.16

EV/EBITDA

21.56

Price/Free Cashflow

28.29

AAPL Price/Sales (Trailing)

AAPL Profitability

EBT Margin

29.28%

Return on Equity

167.77%

Return on Assets

27.45%

Free Cashflow Yield

3.53%

AAPL Fundamentals

AAPL Revenue

Revenue (TTM)

385.1B

Revenue Y/Y

-2.51%

Revenue Q/Q

-19.05%

AAPL Earnings

Earnings (TTM)

94.3B

Earnings Y/Y

-3.4%

Earnings Q/Q

-19.46%

Price Action

52 Week Range

124.17176.39
(Low)(High)

Last 7 days

0.2%

Last 30 days

7.1%

Last 90 days

19.6%

Trailing 12 Months

22.4%

AAPL Financial Health

Current Ratio

0.94

Debt/Equity

2.15

Debt/Cashflow

1.12

AAPL Investor Care

Dividend Yield

0.52%

Dividend/Share (TTM)

0.92

Buy Backs (1Y)

2.99%

Diluted EPS (TTM)

5.89

Peers (Alternatives to Apple)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.8T
385.1B
7.13% 22.38%
29.24
7.16
-0.24% -7.47%
30.8B
59.8B
8.08% -14.33%
11.84
0.52
-7.84% -60.07%
14.9B
6.5B
11.96% 0.60%
11.6
2.31
4.33% 27.27%
12.9B
8.4B
10.56% -26.62%
-80.09
1.53
-30.18% -108.68%
12.7B
14.2B
21.51% -34.56%
-18.42
0.9
-26.12% -137.89%
MID-CAP
11.7B
6.6B
130.98% 344.95%
20.24
1.76
59.38% 362.85%
9.8B
5.5B
1.53% 0.28%
19.58
1.78
13.99% 47.48%
7.5B
2.8B
21.68% 19.46%
102.24
2.71
26.26% 151.01%
3.3B
7.8B
13.71% -29.34%
55.34
0.42
9.61% -38.14%
2.3B
7.2B
-6.05% -17.51%
-11.63
0.32
2.26% 64.55%
SMALL-CAP
1.2B
526.3M
-7.09% -24.34%
-11.9
2.21
-12.66% -150.13%
109.0M
402.6M
21.34% -32.76%
-3.39
0.27
8.80% 23.40%
49.0M
72.4M
-0.81% -39.90%
-21.99
0.68
16.84% -195.55%
19.8M
3.5B
-66.42% -91.91%
-0.03
0.01
-11.38% -637.82%
9.5M
19.3M
-23.71% -54.59%
-7.62
0.49
-21.97% -127.11%

Financials for Apple

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue-0.6%385,095387,537394,328387,542386,017
Gross Profit-0.3%166,288166,871170,782167,861167,231
Operating Expenses2.0%53,98452,90651,34549,53247,852
  S&GA Expenses0.0%25,26025,25225,09424,27023,670
  R&D Expenses3.9%28,72427,65426,25125,26224,182
EBITDA-3.8%128,048133,138131,698132,974-
EBITDA Margin-2.1%0.33*0.34*0.34*0.34*-
Earnings Before Taxes-1.5%111,728113,485119,103117,694118,997
EBT Margin-3.0%0.29*0.30*0.30*0.31*-
Interest Expenses7.4%3,4793,2402,9312,7762,722
Net Income-0.9%94,32195,17199,80399,633101,935
Net Income Margin-3.0%0.25*0.25*0.26*0.26*-
Free Cahsflow-12.5%97,498111,443107,582105,793-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets-4.2%332,160346,747352,755336,309350,662
  Current Assets-12.3%112,913128,777135,405112,292118,180
    Cash Equivalents32.1%27,12920,53523,64627,50228,098
  Inventory9.7%7,4826,8204,9465,4335,460
  Net PPE1.0%43,39842,95142,11740,33539,304
Liabilities-6.9%270,002290,020302,083278,202283,263
  Current Liabilities-12.5%120,075137,286153,982129,873127,508
    LT Debt, Current8.6%10,5789,74011,12814,0099,659
    LT Debt, Non Current-2.6%97,04199,62798,95994,700103,323
Shareholder's Equity9.6%62,15856,72750,67258,10767,399
  Retained Earnings33.8%4,3363,240-3,0685,28912,712
Accumulated Depreciation2.4%69,66868,04472,34071,51670,020
Shares Outstanding-0.8%15,72315,84215,94316,09516,208
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations0.4%109,584109,190122,151118,224116,426
  Share Based Compensation4.5%10,1129,6789,0388,7058,422
Cashflow From Investing150.6%3,891-7,693-22,354-20,302-20,964
Cashflow From Financing2.2%-115,526-118,153-110,749-104,337-106,288
  Dividend Payments0.4%14,93214,87714,84114,77814,734
  Buy Backs-3.4%85,36288,39989,40284,72285,757

Risks for AAPL

What is the probability of a big loss on AAPL?

59.6%


Probability that Apple stock will be more than 20% underwater in next one year

16.9%


Probability that Apple stock will be more than 30% underwater in next one year.

0%


Probability that Apple stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AAPL drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Apple was unfortunately bought at previous high price.

Drawdowns

Returns for AAPL

Cumulative Returns on AAPL

29.0%


10-Year Cumulative Returns

33.5%


7-Year Cumulative Returns

31.2%


5-Year Cumulative Returns

31.0%


3-Year Cumulative Returns

What are the long-term rolling returns for AAPL?

FIve years rolling returns for Apple.

Annualized Returns

Which funds bought or sold AAPL recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-24
Old North State Trust, LLC
added
0.65
1,656,000
7,626,000
5.28%
2023-05-24
Verity Asset Management, Inc.
added
98.65
3,879,800
6,430,450
3.84%
2023-05-23
Brookfield Corp /ON/
new
-
11,999,900
11,999,900
0.05%
2023-05-23
TPB WEALTH ADVISORS
reduced
-0.32
1,278,000
6,476,000
3.53%
2023-05-23
Front Row Advisors LLC
reduced
-1.15
4,837,000
23,839,000
11.44%
2023-05-23
MOUNTAIN PACIFIC INVESTMENT ADVISERS INC/ID
added
0.37
861,538
4,007,340
0.28%
2023-05-23
Seaport Global Advisors, LLC
added
110
988,426
1,581,560
4.99%
2023-05-23
3Chopt Investment Partners, LLC
new
-
7,273,730
7,273,730
3.88%
2023-05-23
Capital Impact Advisors, LLC
sold off
-100
-1,096,090
-
-%
2023-05-23
Toroso Investments, LLC
added
119
121,632,000
189,800,000
3.24%

1–10 of 42

Latest Funds Activity

Are funds buying AAPL calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own AAPL
No. of Funds

Apple News

The Motley Fool
93% of Warren Buffett's Portfolio Is Invested in These 4 Sectors.
The Motley Fool,
35 minutes ago
InvestorPlace
The Motley Fool
The Motley Fool
InvestorPlace
The Motley Fool
The Motley Fool
Yahoo Finance

Schedule 13G FIlings of Apple

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
berkshire hathaway inc
5.8%
915,560,382
SC 13G/A
Feb 09, 2023
vanguard group inc
8.04%
1,278,250,538
SC 13G/A
Feb 07, 2023
blackrock inc.
6.5%
1,029,178,566
SC 13G/A
Feb 09, 2022
vanguard group inc
7.69%
1,261,261,357
SC 13G/A
Feb 01, 2022
blackrock inc.
6.2%
1,019,810,291
SC 13G/A
Feb 16, 2021
berkshire hathaway inc
5.4%
907,559,761
SC 13G/A
Feb 10, 2021
vanguard group inc
7.38%
1,255,155,794
SC 13G/A
Feb 05, 2021
blackrock inc.
6.2%
1,057,340,486
SC 13G/A
Feb 14, 2020
berkshire hathaway inc
5.6%
250,866,566
SC 13G/A
Feb 14, 2020
berkshire hathaway inc
5.6%
250,866,566
SC 13G/A

AAPL Fair Value

Apple fair value in different scenarios

The table shows the Fair Value estimates for Apple for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

75.65

-56.88%

96.68

-44.89%

125.53

-28.44%

180.31

2.78%

245.25

39.80%
Current Inflation

69.26

-60.52%

87.22

-50.28%

111.22

-36.60%

157.28

-10.35%

211.72

20.69%
Very High Inflation

61.38

-65.01%

75.81

-56.79%

94.34

-46.22%

130.61

-25.55%

173.29

-1.22%

Historical Apple Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Apple

View All Filings
Date Filed Form Type Document
May 18, 2023
4
Insider Trading
May 12, 2023
4
Insider Trading
May 10, 2023
4
Insider Trading
May 10, 2023
8-K
Current Report
May 09, 2023
424B2
Prospectus Filed
May 09, 2023
FWP
Prospectus Filed
May 08, 2023
424B2
Prospectus Filed
May 05, 2023
10-Q
Quarterly Report
May 04, 2023
8-K
Current Report
Apr 18, 2023
4
Insider Trading

Latest Insider Trading transactions for AAPL

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-16
JUNG ANDREA
gifted
-
-
-68,642
-
2023-05-10
Adams Katherine L.
gifted
-
-
-2,900
svp, gc and secretary
2023-05-08
KONDO CHRIS
sold
-708,980
173
-4,092
principal accounting officer
2023-04-15
KONDO CHRIS
acquired
-
-
10,792
principal accounting officer
2023-04-15
KONDO CHRIS
sold (taxes)
-724,281
165
-4,384
principal accounting officer
2023-04-13
Maestri Luca
sold
-11,566,800
165
-69,996
senior vice president, cfo
2023-04-06
Maestri Luca
sold
-32,984
164
-200
senior vice president, cfo
2023-04-04
WILLIAMS JEFFREY E
sold
-12,926,400
166
-77,817
coo
2023-04-03
Adams Katherine L.
sold
-11,938,900
165
-72,225
svp, gc and secretary
2023-04-03
COOK TIMOTHY D
sold
-9,261,350
165
-56,072
chief executive officer

1–10 of 50

Timothy D. Cook
65535
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. Further, it provides AppleCare support services; cloud services store 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. Additionally, the company offers various services, such as Apple Arcade, a game subscription 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 incorporated in 1977 and is headquartered in Cupertino, California.

AAPL Income Statement

2023-04-01
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended6 Months Ended
Apr. 01, 2023
Mar. 26, 2022
Apr. 01, 2023
Mar. 26, 2022
Net sales$ 94,836$ 97,278$ 211,990$ 221,223
Cost of sales52,86054,719119,682124,421
Gross margin41,97642,55992,30896,802
Operating expenses:    
Research and development7,4576,38715,16612,693
Selling, general and administrative6,2016,19312,80812,642
Total operating expenses13,65812,58027,97425,335
Operating income28,31829,97964,33471,467
Other income/(expense), net64160(329)(87)
Income before provision for income taxes28,38230,13964,00571,380
Provision for income taxes4,2225,1299,84711,740
Net income$ 24,160$ 25,010$ 54,158$ 59,640
Earnings per share:    
Basic (in dollars per share)$ 1.53$ 1.54$ 3.42$ 3.65
Diluted (in dollars per share)$ 1.52$ 1.52$ 3.41$ 3.62
Shares used in computing earnings per share:    
Basic (in shares)15,787,15416,278,80215,839,93916,335,263
Diluted (in shares)15,847,05016,403,31615,901,38416,461,304
Products    
Net sales$ 73,929$ 77,457$ 170,317$ 181,886
Cost of sales46,79549,290107,560113,599
Services    
Net sales20,90719,82141,67339,337
Cost of sales$ 6,065$ 5,429$ 12,122$ 10,822

AAPL Balance Sheet

2023-04-01
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Apr. 01, 2023
Sep. 24, 2022
Current assets:  
Cash and cash equivalents$ 24,687$ 23,646
Marketable securities31,18524,658
Accounts receivable, net17,93628,184
Inventories7,4824,946
Vendor non-trade receivables17,96332,748
Other current assets13,66021,223
Total current assets112,913135,405
Non-current assets:  
Marketable securities110,461120,805
Property, plant and equipment, net43,39842,117
Other non-current assets65,38854,428
Total non-current assets219,247217,350
Total assets332,160352,755
Current liabilities:  
Accounts payable42,94564,115
Other current liabilities56,42560,845
Deferred revenue8,1317,912
Commercial paper1,9969,982
Term debt10,57811,128
Total current liabilities120,075153,982
Non-current liabilities:  
Term debt97,04198,959
Other non-current liabilities52,88649,142
Total non-current liabilities149,927148,101
Total liabilities270,002302,083
Commitments and contingencies
Shareholders’ equity:  
Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 15,723,406 and 15,943,425 shares issued and outstanding, respectively69,56864,849
Retained earnings/(Accumulated deficit)4,336(3,068)
Accumulated other comprehensive income/(loss)(11,746)(11,109)
Total shareholders’ equity62,15850,672
Total liabilities and shareholders’ equity$ 332,160$ 352,755