Apple: Behind the Numbers
APPLE: BEHIND THE NUMBERS
In the latest quarter, Apple had sales of $13B. Fiscal year sales from 2006-2009 increased from $19B to $43B. Profit margins have also been increasing. Sales are likely to increase further due to the rapid introduction of new products.
In the latest quarter, Apple had a net income of $3.1B. Recently, Apple's market cap has been around $240B. Therefore, the quarterly earning yield is 1.3% or 5.2% annually. We consider a earning yield of 3% for this type of stock to be fair. Therefore, with Apple having an earning yield of 5.2%, we consider it to be undervalued.
In the latest quarter, Apple had sales of $13B. Fiscal year sales from 2006-2009 increased from $19B to $43B. Profit margins have also been increasing. Sales are likely to increase further due to the rapid introduction of new products.
In the latest quarter, Apple had a net income of $3.1B. Recently, Apple's market cap has been around $240B. Therefore, the quarterly earning yield is 1.3% or 5.2% annually. We consider a earning yield of 3% for this type of stock to be fair. Therefore, with Apple having an earning yield of 5.2%, we consider it to be undervalued.
Comments