Intrinsic value of Apple Inc. (AAPL)

[per Chepakovich valuation model]

other valuations of AAPL

[per Chepakovich valuation model]  See other valuations of AAPL stock

Previous Close$122.77
Intrinsic Value
Upside potential
Previous Close
$122.77

VALUATION INPUT DATA

Revenue, mln $
Initial revenue growth rate (norm.), %
Variable cost ratio, %
Fixed operating expenses, mln $
Production assets / Revenue, %
Working capital / Revenue, %
Interest rate on debt, %
Life of production assets, yrs
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Adjusted assets / Revenue
Based on fiscal year data as of 2020-09-30 and quarterly data as of 2020-12-31.
NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.
  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2020(a)2021202220232024202520262027202820292030203120322033203420352036203720382039204020412042204320442045

INCOME STATEMENT

Revenue growth rate, %5.5NaN
Revenue, $274515NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m208227NaN
Operating income, $m66288NaN
EBITDA, $m77344NaN
Interest expense (income), $mNaN
Earnings before tax, $m67091NaN
Tax expense, $m9680NaN
Net income, $m57411NaN

BALANCE SHEET

Cash and short-term investments, $m90943NaN
Total assets, $m323888NaN
Adjusted assets (=assets-cash), $m232945NaN
Average production assets, $m37072NaN
Working capital, $m38321NaN
Total debt, $m112436NaN
Total liabilities, $m258549NaN
Total equity, $m65339NaN
Debt-to-equity ratio1.721NaN
Adjusted equity ratio-0.051NaN

CASH FLOW

Net income, $m57411NaN
Depreciation, amort., depletion, $m11056NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m80674NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-7309NaN
Free cash flow, $m87983NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m38321
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN