Back to AAPL Overview
NMS · Valuation Lab
AAPL
Apple Inc.
Last$311.00
Market cap4.5T
EV/EBITDA26.5x
Intrinsic value
$228.67
MoS -36.0% · Overvalued
Assuming 23.1% FCF margin and 16.4% Y1–5 growth.
Upside to price
EV (DCF)3.4T
Terminal share60%
Expected IV$237.96
Probability weights
Projected free cash flows
Stage FCF path with present values · terminal 60% of EV
PV of stage FCFs1.4T
PV of terminal value2T
Enterprise value3.4T
Net cash / (debt)-21.9B
Equity value3.3T
Intrinsic value / share$228.67
| Year | Revenue | FCF | PV | DF |
|---|---|---|---|---|
| Y1 | 543.4B | 125.5B | 114.6B | 91.3% |
| Y2 | 632.5B | 146.1B | 121.8B | 83.4% |
| Y3 | 736.2B | 170.1B | 129.4B | 76.1% |
| Y4 | 857B | 198B | 137.5B | 69.5% |
| Y5 | 997.5B | 230.4B | 146.2B | 63.4% |
| Y6 | 1.1T | 249.3B | 144.4B | 57.9% |
| Y7 | 1.2T | 269.8B | 142.6B | 52.9% |
| Y8 | 1.3T | 291.9B | 140.9B | 48.3% |
| Y9 | 1.4T | 315.8B | 139.2B | 44.1% |
| Y10 | 1.5T | 341.7B | 137.5B | 40.2% |
| Terminal | — | — | 2T | — |
Educational DCF model only — not financial advice. Terminal value and assumptions dominate results; verify filings and run your own diligence.