Apple Inc. (AAPL) Discounted Future Market Cap - Discounting Cash Flows
AAPL
Apple Inc.
AAPL (NASDAQ)

Estimated Value

USD

Market Price USD

* Values are not guaranteed, please do your own
research before making investment decisions.

Discounted Future Market Cap

This model estimates the intrinsic value of a common share by projecting the Future Market Capitalization using the estimated PE Ratio and then discounting it to the Present using an Annual Required Rate of Return.

Interactive Assumptions

Discount Rate

Discount Rate

Discount Rate = Cost of Equity = Risk Free Rate + Beta * Market Premium

The cost of equity is the theoretical rate of return that an equity investment should generate. It is calculated using the CAPM formula.

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↳ Beta

Beta

Beta is a value that measures the price fluctuations (volatility) of a stock with respect to fluctuations in the overall stock market.

↳ Risk Free Rate

Risk-Free Rate

The risk-free rate represents the interest an investor would expect from an absolutely risk-free investment over a specified period of time. By default, it is equal to the current yield of the U.S. 10 Year Treasury Bond.

↳ Market Premium

Market Premium

Market risk premium represents the excess returns over the risk-free rate that investors expect for taking on the incremental risks connected to the equities market.

Pe Ratio

Price to Earnings (PE) Ratio

Estimated Price to Earnings (PE) Ratio at the end of the projection period.

Future Market Cap = PE Ratio * Projected Net Income

Revenue Growth Rate

Revenue Growth Rate

The annual revenue growth rate is applied to projected revenue starting from the second projection year onward.

Net Income Margin

Net Income Margin

Net Income expressed as a percentage of Revenue.

Historical Years

Historical Years

The number of historical years used to calculate averages for historical data.

Projection Years

Projection Years

The number of years for projecting the analysis into the future.

Results

Present Value 184.2 USD
Estimated net income 134.1 Bil. USD
Estimated market capitalization 4,381 Bil. USD
Market capitalization discounted to present 2,762 Bil. USD
Shares Outstanding 14.99 Bil.
Earnings Per Share (EPS) 6.43 USD
Market Price 210 USD
Price to Earnings (PE) Ratio 32.36

Historical and forecasted data

Monetary values are in USD

Edit Chart Values 2025 2026 2027 2028 2029

amounts of USD except for #

2024 LTM 2025 2026 2027 2028 2029
Revenue 391,035 400,366 425,663 459,878 496,843 536,779 579,925
Revenue Growth Rate 2.02% 2.39% 8.86% 8.04% 8.04% 8.04% 8.04%
Net Income 93,736 97,294 98,456 106,370 114,920 124,157 134,137

amounts of USD except for #

Average LTM 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue 310,337 400,366 391,035 383,285 394,328 365,817 274,515 260,174 265,595 229,234 215,639 233,715
Cost of Revenue 180,208 213,667 210,352 214,137 223,546 212,981 169,559 161,782 163,756 141,048 131,376 140,089
Gross Profit 130,128 186,699 180,683 169,148 170,782 152,836 104,956 98,392 101,839 88,186 84,263 93,626
Gross Margin 41.28% 46.63% 46.21% 44.13% 43.31% 41.78% 38.23% 37.82% 38.34% 38.47% 39.08% 40.06%
Operating Income 89,726 127,364 123,216 114,301 119,437 108,949 66,288 63,930 70,898 61,344 60,024 71,230
Operating Margin 28.52% 31.81% 31.51% 29.82% 30.29% 29.78% 24.15% 24.57% 26.69% 26.76% 27.84% 30.48%
Net Income 72,922 97,294 93,736 96,995 99,803 94,680 57,411 55,256 59,531 48,351 45,687 53,394
Net Margin 23.13% 24.3% 23.97% 25.31% 25.31% 25.88% 20.91% 21.24% 22.41% 21.09% 21.19% 22.85%

amounts of USD except for #

Average LTM 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue 310,337 400,366 391,035 383,285 394,328 365,817 274,515 260,174 265,595 229,234 215,639 233,715
Revenue Growth Rate 8.04% 2.39% 2.02% -2.8% 7.79% 33.26% 5.51% -2.04% 15.86% 6.3% -7.73% 27.86%
Net Income 72,922 97,294 93,736 96,995 99,803 94,680 57,411 55,256 59,531 48,351 45,687 53,394
Net Margin 23.13% 24.3% 23.97% 25.31% 25.31% 25.88% 20.91% 21.24% 22.41% 21.09% 21.19% 22.85%
Net Income Growth Rate 10.39% 3.8% -3.36% -2.81% 5.41% 64.92% 3.9% -7.18% 23.12% 5.83% -14.43% 35.14%
Stockholders Equity 85,844 66,796 56,950 62,146 50,672 63,090 65,339 90,488 107,147 134,047 128,249 119,355
Equity Growth Rate -3.27% 17.29% -8.36% 22.64% -19.68% -3.44% -27.79% -15.55% -20.07% 4.52% 7.45% 7%
Return on Invested Capital (ROIC) 39.53% 61.56% 58.96% 54.98% 57.15% 49.56% 31.43% 29.21% 25.86% 18.21% 20.11% 27.81%
After-tax Operating Income 72,263 97,574 93,532 97,477 100,083 94,456 56,724 53,737 57,894 46,280 44,684 52,448
Income Tax Rate 19.72% 23.39% 24.09% 14.72% 16.2% 13.3% 14.43% 15.94% 18.34% 24.56% 25.56% 26.37%
Invested Capital 192,137 158,500 158,645 177,310 175,127 190,581 180,480 183,954 223,883 254,216 222,196 188,615
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