| AAPLStock | USD190.681.130.59% |
Apple Inc fundamentals help investors to digest information that contributes to Apple's financial success or failures. It also enables traders to predict the movement of Apple Stock. The fundamental analysis module provides a way to measure Apple's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Apple stock.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
Apple | Beta Net Income Per Employee Revenue Per Employee Calculated Tax Rate PPandE Turnover Receivables Turnover Inventory Turnover Accounts Payable Turnover Accrued Expenses Turnover Operating Margin Cash and Equivalents Turnover Return on Investment Cash Flow Per Share Revenue to Assets Total Assets Per Share Quick Ratio Net Current Assets as percentage of Total Assets Inventories Receivables Accounts Payable Direct Expenses Probability Of Bankruptcy |
Apple Beta Analysis
Apple's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it will be expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
| 2011 | 2016 | 2022 | 2023 (projected) | Revenue Per Employee | 1.86 M | 2.41 M | 1.83 M | 1.79 M | Net Income Per Employee | 394.94 K | 610.23 K | 386.74 K | 392.22 K |
Beta | = | Covariance Variance |
Current Apple Beta | 1.29 |
Most of Apple's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Apple Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Apple Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Apple is extremely important. It helps to project a fair market value of Apple Stock properly, considering its historical fundamentals such as Beta. Since Apple's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Apple's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Apple's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Apple Inc has a Beta of 1.2923. This is 21.92% higher than that of the Technology Hardware, Storage & Peripherals sector and 53.85% higher than that of the Information Technology industry. The beta for all United States stocks is notably lower than that of the firm.
Apple Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Apple's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Apple could also be used in its relative valuation, which is a method of valuing Apple by comparing valuation metrics of similar companies.
Apple is currently under evaluation in beta category among related companies.
Apple ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Apple's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Apple's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
Apple Institutional Holders
Institutional Holdings refers to the ownership stake in Apple that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Apple's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Apple's value.
| Last Transaction | Type | Shares | Value | Vanguard Group Inc | 2023-03-31 | Common Shares | 1.3B | 216B | Ubs Asset Management Americas Inc | 2023-03-31 | Common Shares | 70.4M | 11.6B | Swiss National Bank | 2023-03-31 | Common Shares | 63.1M | 10.4B | Wells Fargo Company | 2023-03-31 | Common Shares | 61.9M | 10.2B | Wellington Management Group Llp | 2023-03-31 | Common Shares | 57.4M | 9.5B | Sumitomo Mitsui Trust Holdings Inc | 2023-03-31 | Common Shares | 46.1M | 7.6B | Ubs Group Ag | 2023-03-31 | Common Shares | 39.9M | 6.6B | Voya Investment Management Llc | 2023-03-31 | Common Shares | 22.2M | 3.7B | Td Asset Management Inc | 2023-03-31 | Common Shares | 21M | 3.5B | T Rowe Price Investment Management Inc | 2023-03-31 | Common Shares | 15M | 2.5B | Us Bancorp | 2023-03-31 | Common Shares | 12.4M | 2B |
Let's try to break down what Apple's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Apple will likely underperform.
Apple Fundamentals
| Return On Equity | 145.61 | |||
| Return On Asset | 0.21 | |||
| Profit Margin | 0.24 % | |||
| Operating Margin | 0.29 % | |||
| Current Valuation | 3063.12 B | |||
| Shares Outstanding | 15.73 B | |||
| Shares Owned by Insiders | 0.07 % | |||
| Shares Owned by Institutions | 61.23 % | |||
| Number of Shares Shorted | 121.25 M | |||
| Price to Earning | 24.24 X | |||
| Price to Book | 44.63 X | |||
| Price to Sales | 5.51 X | |||
| Revenue | 394.33 B | |||
| Gross Profit | 170.78 B | |||
| EBITDA | 130.54 B | |||
| Net Income | 99.8 B | |||
| Cash and Equivalents | 23.65 B | |||
| Cash per Share | 3.04 X | |||
| Total Debt | 120.07 B | |||
| Debt to Equity | 2.61 % | |||
| Current Ratio | 0.88 X | |||
| Book Value Per Share | 3.95 X | |||
| Cash Flow from Operations | 122.15 B | |||
| Short Ratio | 2.03 X | |||
| Earnings Per Share | 5.89 X | |||
| Price to Earnings To Growth | 2.75 X | |||
| Target Price | 188.47 | |||
| Number of Employees | 164 K | |||
| Beta | 1.29 | |||
| Market Capitalization | 3009.37 B | |||
| Total Asset | 352.75 B | |||
| Retained Earnings | (3.07 B) | |||
| Working Capital | (18.58 B) | |||
| Current Asset | 106.87 B | |||
| Current Liabilities | 79.01 B | |||
| Z Score | 17.3 | |||
| Annual Yield | 0.0051 % | |||
| Five Year Return | 1.00 % | |||
| Net Asset | 352.75 B | |||
| Last Dividend Paid | 0.92 |
About Apple Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Apple Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Apple using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Apple Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. Apple Inc. was incorporated in 1977 and is headquartered in Cupertino, California. Apple operates under Consumer Electronics classification in the United States and is traded on NASDAQ Exchange. It employs 164000 people.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Apple without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.
Did you try this?
Run ETF Directory Now
ETF DirectoryFind actively traded Exchange Traded Funds (ETF) from around the world |
| AllNext | Launch Module |
Pair Trading with Apple
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Apple position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Apple will appreciate offsetting losses from the drop in the long position's value.Moving together with Apple Stock
Moving against Apple Stock
| - | 0.88 | SPCB | Supercom | Report 8th of August 2023 | PairCorr | ||
| - | 0.8 | KVHI | KVH Industries | Report 8th of August 2023 | PairCorr | ||
| - | 0.7 | FKWL | Franklin Wireless Corp | Report 12th of September 2023 | PairCorr | ||
| - | 0.63 | NTGR | NETGEAR | Report 26th of July 2023 | PairCorr | ||
| - | 0.62 | OCC | Optical Cable | Fiscal Quarter End 31st of July 2023 | PairCorr |
The ability to find closely correlated positions to Apple could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Apple when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Apple - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Apple Inc to buy it.
The correlation of Apple is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Apple moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Apple Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Apple can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Check out Apple Piotroski F Score and Apple Altman Z Score analysis. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Apple Stock analysis
When running Apple's price analysis, check to measure Apple's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Apple is operating at the current time. Most of Apple's value examination focuses on studying past and present price action to predict the probability of Apple's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apple's price. Additionally, you may evaluate how the addition of Apple to your portfolios can decrease your overall portfolio volatility.
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios |
Is Apple's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Apple. If investors know Apple will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Apple listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Dividend Share 0.92 | Earnings Share 5.8857 | Revenue Per Share 24.116 | Quarterly Revenue Growth (0.025) | Return On Assets 0.2056 |
The market value of Apple Inc is measured differently than its book value, which is the value of Apple that is recorded on the company's balance sheet. Investors also form their own opinion of Apple's value that differs from its market value or its book value, called intrinsic value, which is Apple's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Apple's market value can be influenced by many factors that don't directly affect Apple's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Apple's value and its price as these two are different measures arrived at by different means. Investors typically determine if Apple is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Apple's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
