AAPL

AAPL

TMT, Software, Hardware


Presented:08/26/2024
Price:$227.18
Cap:$3,454.07B
Current Price:$233.85
Cap:$3,555.48B

Presented

Date08/26/2024
Price$227.18
Market Cap$3,454.07B
Ent Value$3,272.14B
P/E Ratio34.59x
Book Value$4.38
Div Yield0.43%
Shares O/S15,204.10M
Ave Daily Vol64,308,179
Short Int0.80%

Current

Price$233.85
Market Cap$3,555.48B
Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, AppleCare, iCloud, digital content stores, streaming, and licensing services. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak in April 1976 and is headquartered in Cupertino, CA.

Publicly traded companies mentioned herein: Apple Inc (AAPL)

Highlights

The presenter is long shares of Apple Inc (AAPL), believing that it is still an underappreciated and under-owned stock with significant upside to earnings from an iPhone upgrade cycle, as well as upside to earnings and valuation from the Services segment as the company monetizes AI features. He models $9.50 – $10 of EPS in CY2026 (vs. consensus $8.50) and underwrites a mid- to high-20x multiple to reach upside approaching $300 per share (33% upside).

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Idea Discussion

Commentor 1 - 2 weeks ago

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