Apple Inc Stock Fair Value – Apple Inc Reports Record Third Quarter Earnings for Fiscal Year 2023
August 5, 2023
🌥️Earnings Overview
On June 30, 2023, APPLE INC ($NASDAQ:AAPL) released its financial results for the third quarter of fiscal year 2023, with total revenue of USD 81.8 billion demonstrating a 1.4% decrease compared to the same period of the previous year. Net income for the three-month period was USD 19.9 billion, signifying a 2.3% year-over-year increase.
Share Price
The company’s stock opened at a price of $191.6 and closed at $191.2, a drop of 0.7% from its previous day’s closing price of $192.6. This slight dip in price is largely attributed to the fact that analysts had predicted somewhat higher returns for the quarter. This was mainly driven by an increase in sales of Apple products like iPhones, iPads, and Macs. Overall, Apple Inc’s record earnings are a testament to its continuing success in the tech industry.
The company will likely continue to see revenue growth in the coming quarters, as demand for its products remains strong. Investors should keep a close eye on Apple Inc’s quarterly earnings reports as it continues to gain ground in the tech industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Apple Inc. More…
| Total Revenues | Net Income | Net Margin |
| 383.93k | 94.76k | 24.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Apple Inc. More…
| Operations | Investing | Financing |
| 113.07k | 94 | -112.13k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Apple Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 335.04k | 274.76k | 3.85 |
Key Ratios Snapshot
Some of the financial key ratios for Apple Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.9% | 18.7% | 29.4% |
| FCF Margin | ROE | ROA |
| 26.3% | 115.2% | 21.0% |
Analysis – Apple Inc Stock Fair Value
At GoodWhale, we have analyzed the fundamentals of APPLE INC and determined its fair value to be around $162.6, which has been calculated using our proprietary Valuation Line. This fair value, however, is currently overvalued by 17.6%, as the stock is traded at a price of $191.2. Investors should keep this in mind when making an investment decision in APPLE INC. More…
Peers
The competition between Apple Inc and its competitors, Cisco Systems Inc, Microsoft Corp, and Sony Group Corp, has been intense over the years. All of these companies have been competing to offer the best products and services to their customers. Each of them has been striving to create innovative solutions that will stay ahead of the competition. As a result, consumers have been the ultimate beneficiaries of this competition as they have access to cutting-edge technologies and products.
– Cisco Systems Inc ($NASDAQ:CSCO)
Cisco Systems Inc is a multinational technology company that designs, manufactures and sells networking equipment. As of 2023, the company has a market capitalization of 199.94 billion dollars, which makes it one of the largest technology companies in the world. Furthermore, its Return on Equity (ROE) stands at 23.05%, which is an indication of its impressive financial performance. Cisco Systems Inc has been successful in providing cutting-edge technological solutions and services to its customers, while maintaining a healthy financial footing.
– Microsoft Corp ($NASDAQ:MSFT)
Microsoft Corporation is a multinational technology company that develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services. Founded in 1975, Microsoft is one of the world’s leading companies in corporate technology. With a market cap of 1.84T as of 2023, Microsoft is one of the most valuable companies in the world. Microsoft’s Return on Equity (ROE) of 29.64% is also one of the highest rates in the corporate sector. This indicates that the corporation has been able to effectively utilize its equity to generate income and maximize shareholder wealth.
– Sony Group Corp ($TSE:6758)
Sony Group Corp is a leading multinational conglomerate corporation based in Japan. The company is engaged in the development, design, manufacture, and sale of electronic equipment, instruments, and devices for consumer, professional and industrial markets. As of 2023, Sony Group Corp has a market cap of 14.3T, making it one of the largest companies in the world. Additionally, the company has a Return on Equity (ROE) of 10.9%, which is an indication of its strong financial performance and profitability.
Summary
Apple Inc. continues to be a great investment option. For the third quarter of fiscal year 2023, the company achieved total revenue of USD 81.8 billion, and generated net income of USD 19.9 billion, representing a slight decrease and increase year over year respectively. The company also continues to experience strong demand for its products and services, evidenced by its revenue growth in the second quarter. Investors should continue to watch Apple Inc. closely in the near future as it looks to expand its product offerings and capitalize on its strong financial performance.
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