1 Top Management and Board of Directors; 2 INSIDER OWNERSHIP AND SELLING IN THE PAST 12 MONTHS; 3 Peer Comparison & Ranking of AAPL; 4 Patents

Top Management and Board of Directors

Top Management
Top Management [Two top executives with tenure > 10 yrs]

NameDesignationSince Appointment
Arthur D. LevinsonChairman, Director23 Yrs, 11 Mos
Luca MaestriChief Financial Officer, Senior Vice President10 Yrs, 3 Mos


Board Of Directors
Board Of Directors [One director with tenure > 13 yrs]

NameSince Appointment
Ronald D. Sugar13 Yrs, 8 Mos

Board Of Directors [Four directors with tenure < 3 yrs]

NameSince Appointment
Alex Gorsky2 Yrs, 8 Mos
Dr. Wanda Austin6 Mos
Andrea Jung-
Susan L. Wagner-



INSIDER OWNERSHIP AND SELLING IN THE PAST 12 MONTHS
Shares Held by Insiders as on Jul 26, 2024 (Value computed at price $217.96)

NameShares HeldValue, $
Arthur D. Levinson4,415,576962,418,945
Luca Maestri107,78823,493,472
Susan L. Wagner1,516330,427
Alex Gorsky1,516330,427
Ronald D. Sugar1,516330,427
Andrea Jung1,516330,427
Total4,529,428987,234,127

Arthur D. Levinson now has a beneficial interest in 4,415,576 Apple shares worth $962.4 million.

Luca Maestri now has a beneficial interest in 107,788 Apple shares worth $23.5 million.

Susan L. Wagner now has a beneficial interest in 1,516 Apple shares worth $330,427.

Alex Gorsky now has a beneficial interest in 1,516 Apple shares worth $330,427.

Ronald D. Sugar now has a beneficial interest in 1,516 Apple shares worth $330,427.

Andrea Jung now has a beneficial interest in 1,516 Apple shares worth $330,427.


Insider selling Summary in the past 12 months

NameNo. of SharesPrice, $Value, $
Levinson Arthur D [Chairman]175,000185.532,462,500
Maestri Luca [CFO]116,889176.420,618,115
LEVINSON ARTHUR D [Chairman]75,000191.614,368,500
Total366,889183.867,449,115


Peer Comparison & Ranking of AAPL
GLOBAL PEER COMPARISON: AAPL - SIZE (all figures in $)

In its Global Peer Group of 9 companies AAPL is ranked first (1) by MCap, Revenue, Net Profit and Total Assets.


Name (Code)MCapRevenueNet ProfitTotal Assets
Rank of AAPL1111
Apple (AAPL)3,341.3B383.3B97B352.6B
Meta Platforms (META)1,024.5B116.6B23.2B185.7B
Oracle (ORCL)382.4B53B10.5B141B
ASML (ASML)359.2B30.1B8.6B43.7B
Accenture (ACN)206.6B64.1B6.9B51.2B
IBM (IBM)176.2B60.5B1.6B127.2B
Siemens (SIE)147.5B85B8.7B158.6B
Analog Devices (ADI)112.4B12.3B3.3B48.8B
Palo Alto Networks (PANW)105.8B6.9B439.7M14.5B

GLOBAL PEER COMPARISON: AAPL - RELATIVE VALUE INDICATORS

In value terms, comparing relative value of its shares, AAPL is ranked

+ 7 out of 9 by Dividend Yield (%) [0.5]
+ 5 out of 9 by Price/Earnings per share [35.3]
+ 5 out of 9 by Price/Sales per share [8.7]


Name (Code)Currency CodeLast PriceDiv Yld (%)P/EP/SP/Book
Rank of AAPL by value755
Apple (AAPL)USD2180.535.38.7
Meta Platforms (META)USD465.70.229.97.48.4
Oracle (ORCL)USD139.11.236.17.2
ASML (ASML)EUR820.50.741.212.042.3
Accenture (ACN)USD328.61.630.33.219.1
IBM (IBM)USD191.83.5
Siemens (SIE)EUR169.82.816.11.727.4
Analog Devices (ADI)USD226.41.633.58.9
Palo Alto Networks (PANW)USD326.815.0

USD 1=
0.921 Euro (EUR)

FAANG PEER COMPARISON: AAPL - SIZE (all figures in $)

In its FAANG Peer Group of 5 companies (Facebook, Apple, Amazon, Netflix and Alphabet's Google) AAPL is ranked AAPL is ranked first (1) by MCap, Net Profit, second (2) by Revenue and third (3) by Total Assets.


Name (Code)MCapRevenueNet ProfitTotal Assets
Rank of AAPL1213
Apple (AAPL)3,341.3B383.3B97B352.6B
Amazon (AMZN)1,899.8B574.8B30.4B527.9B
Meta Platforms (META)1,024.5B116.6B23.2B185.7B
Alphabet Class A (GOOGL)980.3B307.4B73.8B402.4B
Netflix (NFLX)273.4B31.6B4.5B48.6B

FAANG PEER COMPARISON: AAPL - VALUATION INDICATORS

In value terms, comparing relative value of its shares, AAPL is ranked

+ 3 out of 5 by Price/Earnings per share [35.3]
+ 5 out of 5 by Price/Sales per share [8.7]


Name (Code)Currency CodeLast PriceP/EP/SP/Book
Rank of AAPL by value35
Apple (AAPL)USD21835.38.7
Amazon (AMZN)USD182.549.43.210.4
Meta Platforms (META)USD465.729.97.48.4
Alphabet Class A (GOOGL)USD16725.53.13.9
Netflix (NFLX)USD631.436.17.713.3



BUYSELLSIGNALS FUNDAMENTALS VALUATION RANKING:
Apple vs NASDAQ Market

Out of 3,011 stocks and 10 units in the NASDAQ Market, Apple is ranked first(1) by Net Profit $, third(3) by Revenue, seventh(7) by Total Assets and Thirty-first(31) by ROA.

NASDAQ AvgAAPLAAPL Rank
Net Profit $-97 B1
Revenue $-383.3 B3
Total Assets $-352.6 B7
ROA (%)4.327.531
EBITDA Margin%14.0229.7150
P/Earnings42.3x35.4x326
P/Sales3.9x8.7x437
Yield (%)0.60.5664
Total Debt/Equity (the lower the better)0.5x0.1x805
Premium to 52-Wk Low (%)39.733.021073
Discount to 52-Wk High (%)8.18.12013
Negative values are shown in brackets.

MARKET SHARE
Apple has a position of market dominance in the Technology sector.
Apple vs Technology sector [Technology sector Total in Brackets]
Revenue of $383.3 billion[55.1% of aggregate sector revenue of $717.5 billion; down from 57.5% in the previous year.]
Net Profit of $97 billion [69.4% of aggregate sector net profit of $136.3 billion; down from 79.9% in the previous year.]
EBIT of $113.7 billion [68.7% of aggregate sector EBIT of $162.4 billion; down from 77.8% in the previous year.]

GLOBAL RANK [out of 47,149 stocks] AND RANK OF APPLE IN THE AMERICAN REGION [out of 9,671 stocks]

DescriptionValueGlobal RankIn Am Region
Total Assets ($)352.6B2,138100
Revenue ($)383.3B1,9044
Net Profit ($)97B1,1981
Return on Equity %156.112756
Net Profit Margin %25.34,680838
Price to Book55.336,1785,492
Price/Earnings36.419,6382,801
Yield %0.420,6663,386
PV1000 (1Year) $1,13315,9673,024
$ Change (1Year) %16.314,0572,464

RANK OF APPLE IN THE NASDAQ-100 INDEX [out of 91 stocks], IN THE NASDAQ MARKET [out of 3090 stocks] AND IN THE TECHNOLOGY SECTOR [out of 229 stocks]

DescriptionValueIn NASDAQ-100 IndexIn NASDAQ MarketIn Technology sector
Total Assets ($)352.6B461
Revenue ($)383.3B231
Net Profit ($)97B111
Return on Equity %156.13112
Net Profit Margin %25.3211459
Price/Earnings35.44885631
Yield %0.54468220
PV1000 (1Year) $1,1334340030

LONG-TERM FUNDAMENTAL RANKING: 3 OUT OF 5 [5 is best]
Apple is ranked number 1 out of 264 listed technology companies in the United States with a market capitalization of $3,341.3 billion.

Finally, its earnings growth in the past 12 months has been a comparatively high 0.2%.
Stocks are scored on a set of parameters reflecting fundamental analytical tools involving valuation, size and financial performance. They are ranked according to the average values of those parameters. The highest ranking is 5 and the lowest ranking is 1.


Patents
Number of Patents Issued to Apple by the US Patent Office and the European Patent Office
A total of 32,998 patents were issued to Apple in the last ten years. In the past year 7,912 patents were issued, 2.4 times average of 3,300 patents per year.

12 months ended Jul 26No. of Patents Issued
20247,912
20235,538
20223,088
20213,343
20203,075
20192,757
20182,587
20172,335
20161,711
2015652
Total32,998


Rank by patents issued in the past 12 months: Apple vs NASDAQ stocks
Apple is ranked 2 by patents issued in the past year out of 3,699 NASDAQ listed companies. A total of 98,826 patents were issued to NASDAQ listed companies in the past year, an average of 83.5 patents per company. Apple received 7,900 patents in the past 12 months, 296 times average.

1 Tax & Dividend; 2 Financials as Reported FY 2023, Past 10 Years

Tax & Dividend
Average Income Tax Paid (Past 5 Years)
In the past 5 years, Income Tax as % of profit before tax decreased from 15.9% to 14.7% and Income Tax as % of operating cash flow decreased from 15.9% to 14.7%.

Description20232022202120202019
As % of profit before tax14.716.213.314.415.9
As % of operating cash flow14.716.213.314.415.9

The 5-year average of profit before tax was 14.9%.

Footprint of Low Tax Subsidiaries
Corporate Tax rate of Apple in country of incorporation:

SubsidiaryIncorporated inCorporate Tax Rate (%)
Apple Sales InternationalIreland12.5
Apple Operations InternationalIreland12.5
Apple Operations EuropeIreland12.5

Dividend History
In the past 5 years annual dividends have increased by 18.8c from 78.2c to 97.0c. Based on a start date of 5 years ago, there has been no decline in dividends over the last 5 years.

Date PaidValue (c)Type
10 May 202425Quarterly
09 Feb 202424Quarterly
10 Nov 202324Quarterly
11 Aug 202324Quarterly
Tr 12 Months97
2022 - 202393
2021 - 202289
2020 - 202183.5
2019 - 202078.25


Financials as Reported FY 2023, Past 10 Years
Financials as reported (FY 2023 [year-ended 30 September 2023 ])

10-K RESULTS OF OPERATIONS AND FINANCIAL CONDITION
(In $ Million, except per share data and shares outstanding)

INCOME STATEMENT AS REPORTED (FY 2023 [year-ended 30 September 2023 ])

Description$ Million$ Million
Sep 30, 2023Sep 24, 2022Change %
Net sales:
Products298,085316,199Down 5.7
Services85,20078,129Up 9.1
Total net sales383,285394,328Down 2.8
Cost of sales:
Products189,282201,471Down 6.1
Services24,85522,075Up 12.6
Total cost of sales214,137223,546Down 4.2
Gross margin169,148170,782Down 1.0
Operating expenses:
Research and development29,91526,251Up 14.0
Selling general and administrative24,93225,094Down 0.6
Total operating expenses54,84751,345Up 6.8
Operating income114,301119,437Down 4.3
Other income/(expense) net-565-334Deterioration 69.2
Income before provision for income taxes113,736119,103Down 4.5
Provision for income taxes16,74119,300Down 13.3
Net income96,99599,803Down 2.8
Earnings per share:
Basic$6.16$6.15Up 0.2
Diluted$6.13$6.11Up 0.3
Shares used in computing earnings per share:
Basic15,744,23116,215,963Down 2.9
Diluted15,812,54716,325,819Down 3.1

BALANCE SHEET AS REPORTED (FY 2023 [year-ended 30 September 2023 ])

Description$ Million$ Million
Sep 30, 2023Sep 24, 2022Change %
Current assets:
Cash and cash equivalents29,96523,646Up 26.7
Marketable securities31,59024,658Up 28.1
Accounts receivable net29,50828,184Up 4.7
Vendor non-trade receivables31,47732,748Down 3.9
Inventories6,3314,946Up 28.0
Other current assets14,69521,223Down 30.8
Total current assets143,566135,405Up 6.0
Non-current assets:
Marketable securities100,544120,805Down 16.8
Property plant and equipment net43,71542,117Up 3.8
Other non-current assets64,75854,428Up 19.0
Total non-current assets209,017217,350Down 3.8
Total assets352,583352,755Down
Current liabilities:
Accounts payable62,61164,115Down 2.3
Other current liabilities58,82960,845Down 3.3
Deferred revenue8,0617,912Up 1.9
Commercial paper5,9859,982Down 40.0
Term debt9,82211,128Down 11.7
Total current liabilities145,308153,982Down 5.6
Non-current liabilities:
Term debt95,28198,959Down 3.7
Other non-current liabilities49,84849,142Up 1.4
Total non-current liabilities145,129148,101Down 2.0
Total liabilities290,437302,083Down 3.9
Commitments and contingencies
Shareholders equity:
Common stock and additional paid-in capital 0.00001 par value: 50400000 shares authorized; 15550061 and 15943425 shares issued and outstanding respectively73,81264,849Up 13.8
Accumulated deficit-214-3,068Improved 93.0
Accumulated other comprehensive loss-11,452-11,109Deterioration 3.1
Total shareholders equity62,14650,672Up 22.6
Total liabilities and shareholders equity352,583352,755Down

CASH FLOW AS REPORTED (FY 2023 [year-ended 30 September 2023 ])

Description$ Million$ Million
Sep 30, 2023Sep 24, 2022Change %
Operating activities:
Net income96,99599,803Down 2.8
Adjustments to reconcile net income to cash generated by operating activities:
Depreciation and amortization11,51911,104Up 3.7
Share-based compensation expense10,8339,038Up 19.9
Other-2,2271,006Deterioration
Changes in operating assets and liabilities:
Accounts receivable net-1,688-1,823Improved 7.4
Vendor non-trade receivables1,271-7,520Recovery
Inventories-1,6181,484Deterioration
Other current and non-current assets-5,684-6,499Improved 12.5
Accounts payable-1,8899,448Deterioration
Other current and non-current liabilities3,0316,110Down 50.4
Cash generated by operating activities110,543122,151Down 9.5
Investing activities:
Purchases of marketable securities-29,513-76,923Improved 61.6
Proceeds from maturities of marketable securities39,68629,917Up 32.7
Proceeds from sales of marketable securities5,82837,446Down 84.4
Payments for acquisition of property plant and equipment-10,959-10,708Deterioration 2.3
Other-1,337-2,086Improved 35.9
Cash generated by/(used in) investing activities3,705-22,354Recovery
Financing activities:
Payments for taxes related to net share settlement of equity awards-5,431-6,223Improved 12.7
Payments for dividends and dividend equivalents-15,025-14,841Deterioration 1.2
Repurchases of common stock-77,550-89,402Improved 13.3
Proceeds from issuance of term debt net5,2285,465Down 4.3
Repayments of term debt-11,151-9,543Deterioration 16.9
Proceeds from/(Repayments of) commercial paper net-3,9783,955Deterioration
Other-581-160Deterioration 263.1
Cash used in financing activities-108,488-110,749Improved 2.0
Increase/(Decrease) in cash cash equivalents and restricted cash5,760-10,952Recovery
Cash cash equivalents and restricted cash beginning balances24,97735,929Down 30.5
Cash cash equivalents and restricted cash ending balances30,73724,977Up 23.1

Download APPLE Financials Past 10 Years


DescriptionSep 23Sep 22Sep 21Sep 20Sep 19
Income Statement
Revenue per share 24,239.324,153.6421.6915.6613.99
Tax (B)16.719.314.59.710.5
Net profit (B)9799.894.757.455.3
EPS 6.166.155.673.312.99
Balance Sheet
Equity Share Capital (B)62.150.763.165.390.5
Retained Earnings (214 M)(3.1 B)5.6 B15 B45.9 B
Total Debt (B)610656
Total Assets (B)352.6352.8351323.9338.5
Current Asset (B)143.6135.4134.8143.7162.8
Fixed Asset (B)43.742.139.436.837.4
Working Capital (B)(1.7)(18.6)9.438.357.1
Cash Flow
Operating Cash Flow (B)110.5122.210480.769.4
Investing Cash Flow (B)3.7(22.4)(14.5)(4.3)45.9
Financing Cash Flow (B)(108.5)(110.7)(93.4)(86.8)(91)
Net Cash Flow (B)5.8(11)(3.9)(10.4)24.3

DescriptionSep 18Sep 17Sep 16Sep 15Sep 14
Income Statement
Revenue per share 53.1243.6539.2140.3429.86
Tax (B)13.415.715.719.114
Net profit (B)59.548.445.753.439.5
EPS 32.322.092.321.62
Balance Sheet
Equity Share Capital (B)107.1134128.2119.4111.5
Retained Earnings (B)66.998.29791.988.2
Total Debt (B)12128764.335.3
Total Assets (B)365.7375.3321.7290.3231.8
Current Asset (B)131.3128.6106.989.468.5
Fixed Asset (B)41.333.82722.520.6
Working Capital (B)15.427.827.98.85.1
Cash Flow
Operating Cash Flow (B)77.464.265.881.359.7
Investing Cash Flow (B)16.1(46.4)(46)(56.3)(22.6)
Financing Cash Flow (B)(87.9)(18)(20.5)(17.7)(37.5)
Net Cash Flow 5.6 B(195 M)(636 M)7.3 B(415 M)