Stock Analysis on Net

Apple Inc. (NASDAQ:AAPL)

$24.99

Price to FCFE (P/FCFE)

Microsoft Excel

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Free Cash Flow to Equity (FCFE)

Apple Inc., FCFE calculation

US$ in millions

Microsoft Excel
12 months ended: Sep 28, 2024 Sep 30, 2023 Sep 24, 2022 Sep 25, 2021 Sep 26, 2020 Sep 28, 2019
Net income
Net noncash charges
Changes in operating assets and liabilities
Cash generated by operating activities
Payments for acquisition of property, plant and equipment
Proceeds from issuance of term debt, net
Repayments of term debt
Proceeds from (repayments of) commercial paper, net
Free cash flow to equity (FCFE)

Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to Apple Inc. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. Apple Inc. FCFE decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.

Price to FCFE Ratio, Current

Apple Inc., current P/FCFE calculation, comparison to benchmarks

Microsoft Excel
No. shares of common stock outstanding
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)
FCFE per share
Current share price (P)
Valuation Ratio
P/FCFE
Benchmarks
P/FCFE, Competitors1
Arista Networks Inc.
Cisco Systems Inc.
Super Micro Computer Inc.
P/FCFE, Sector
Technology Hardware & Equipment
P/FCFE, Industry
Information Technology

Based on: 10-K (reporting date: 2024-09-28).

1 Click competitor name to see calculations.

If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.


Price to FCFE Ratio, Historical

Apple Inc., historical P/FCFE calculation, comparison to benchmarks

Microsoft Excel
Sep 28, 2024 Sep 30, 2023 Sep 24, 2022 Sep 25, 2021 Sep 26, 2020 Sep 28, 2019
No. shares of common stock outstanding1
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)2
FCFE per share3
Share price1, 4
Valuation Ratio
P/FCFE5
Benchmarks
P/FCFE, Competitors6
Arista Networks Inc.
Cisco Systems Inc.
Super Micro Computer Inc.
P/FCFE, Sector
Technology Hardware & Equipment
P/FCFE, Industry
Information Technology

Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2024 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= ÷ =

4 Closing price as at the filing date of Apple Inc. Annual Report.

5 2024 Calculation
P/FCFE = Share price ÷ FCFE per share
= ÷ =

6 Click competitor name to see calculations.

Valuation ratio Description The company
P/FCFE Price to free cash flow to equity is cash valuation indicator of stockholders’ equity. Apple Inc. P/FCFE ratio increased from 2022 to 2023 and from 2023 to 2024.