Apple AAPL
Based on the provided search results, here's an updated summary of Apple's (AAPL) stock and recent developments:
Stock Information
As of September 13, 2024:
- Apple stock (AAPL) closed at $223.75
- Market capitalization: $3.385 trillion
- P/E ratio: 33.92
- EPS (TTM): $6.57
- 52-week range: $164.08 - $237.23
Apple's stock price has seen a 0.37% increase on September 13, 2024, from the opening price.
Recent Product Launches
Apple has recently unveiled several new products:
- iPhone 16 lineup, including iPhone 16 Pro and iPhone 16 Pro Max
- Apple Watch Series 10 and Apple Watch Ultra 2
- AirPods 4 and new colors for AirPods Max
- Introduction of Apple Intelligence, a new AI system
The new iPhone 16 Pro models feature the A18 Pro chip, enhanced AI capabilities, and improved camera systems.
Pre-orders and Availability
- Pre-orders for the new iPhones begin on Friday, September 13, 2024
- The new products will be available in stores starting Friday, September 20, 2024
Market Performance and Analyst Insights
Historically, Apple's stock has tended to underperform the S&P 500 on iPhone launch event days, but typically outperforms in the following months. However, some analysts suggest that the integration of AI features could potentially break this cycle.
Morgan Stanley analysts caution investors not to set expectations too high for the stock performance immediately following the product launch event.
Financial Health
Apple continues to demonstrate strong financial health, with a consistent history of dividend growth and low price volatility. The company has raised its dividend for 12 consecutive years, which may be appealing to income-focused investors.
As Apple continues to innovate across its product lines and expand its focus on artificial intelligence capabilities, investors and consumers will be closely watching the impact of these developments on the company's stock performance and market position.
Based on the provided search results, here's an updated summary of Apple's (AAPL) valuation metrics and recent financial information:
Stock Price and Market Capitalization
As of September 13, 2024:
- Stock price: $223.75
- Market capitalization: $3.385 trillion
Valuation Ratios
- Price-to-Earnings (P/E) Ratio:
- Trailing P/E: 33.91
- Forward P/E: 30.54
- Price-to-Sales (P/S) Ratio: 8.93
- Price-to-Book (P/B) Ratio: 50.83
- Price-to-Free Cash Flow (P/FCF) Ratio: 32.46
- PEG Ratio: 3.57
- Enterprise Value (EV) Ratios:
- EV/EBITDA: 25.31
- EV/Sales: 8.65
- EV/FCF: 31.9
Financial Metrics
- Earnings Per Share (EPS) (TTM): $6.57
- Revenue (TTM): $385.60 billion
- Gross Profit Margin: 45.96%
- Dividend Yield: 0.45%
- Payout Ratio: 15.23%
Historical Context
- Apple's current P/E ratio is higher than its 3-year (26.05), 5-year (26.07), and 10-year (20.72) historical averages
- The company has raised its dividend for 12 consecutive years
Analyst Projections
- Average price target: $239.79 (8.61% higher than the current price)
- Consensus rating: "Buy"
- Analyst count: 32
Intrinsic Value Estimate
According to one valuation model, the intrinsic value of Apple stock is estimated at $148.07, suggesting that the current market price of $229 indicates an overvaluation of approximately 35%.
It's important to note that Apple's current valuation metrics are generally higher than historical averages, reflecting strong market confidence in the company's future growth prospects. However, investors should consider these metrics alongside other factors such as the company's competitive position, growth potential, and broader market conditions when making investment decisions.
