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Apple Inc. (AAPL) Q2 2021 Report Analysis


Filing Date

2021-07-28

Grade by Sector

70 / 100

Rating

Country

United States

Exchange

NasdaqGS

Website

www.apple.com

Market Cap

$2.4T

Sector

Information Technology

Industry

Technology Hardware, Storage and Peripherals

Rating

Grade by Sector

Filing Date

Market Cap

Country

Exchange

Sector

Industry

70 / 100

2021-07-28

$2.4T

United States

NasdaqGS

Information Technology

Technology Hardware, Storage and Peripherals

Company Highlights


Parameter Value Change Score
Assets 329,840.0 -2% 57
Capital Expenditure -9,646.0 -6% 66
Cash & Equivalents 34,050.0 -11% 53
Equity 64,280.0 -7% 96
Liabilities 265,560.0 -1% 57
EBITDA 110,935.0 11% 64
Total Revenues 347,155.0 7% 67
Parameter Value Change Score
Free Cashflow 5.63 6% 75
Cashflow 237.0 108% 75
Asset Turnover 1.07 8% 70
Price to Book 34.72 19% 56
Return on Equity 127.12 23% 78

* All values are TTM

Report Summary

Our analysis of Apple Inc.'s expected performance for the next 3 months is based on a systematic deep dive into the Company's income statement, balance sheet, & statement of cash flows. In addition, several specific general factors and ratios are also utilized and included. First, assessing the balance sheet factors kept up with their benchmarks. Second, the income statement performance metrics kept up with the market benchmark in this time frame. Next, cash flow metrics did not outperform the market benchmark. Last, the most impactful financial ratios suggest that in the near term their growth should stay at par with their benchmark. All factors considered, our evaluation of Apple Inc. gave the ranking of 70.

  •  AAPL
  •  Industry average

Balance Sheet Analysis

Probing the balance sheet underscored the importance of several key results that effect the performance for the coming months. Its important to underline the fact that balance sheet factors can affect up to 33.8% of the likelihood that the company will over-perform its benchmark throughout the next quarter. In particular, diving deeper into Apple Inc.'s debt service capabilities found middle of the road results with respect to cash and cash equivalents. Typically, the debt service capabilities factors influence approximately up to 1.5% of the probability that the company will beat its benchmark. Second, their assets indicates neutral execution going into assets changes. A company's assets can be responsible for up to 9.1% of the probability that the company will beat the market. Reviewing Apple Inc.'s debt structure forecasts middle of the road results in terms of liabilities movement. Generally, the debt structure factors will contribute up to 9.1% of the probability that a company will beat its benchmark. Fourth, the company's intangible assets and technical changes found impressive execution in terms of shareholders' equity and intangible assets adjustments. Intangible assets and technical changes impact up to 14.1% of the probability that a company will over-perform throughout the coming months. With all factors taken together, their balance sheet received the weighted score of 74.

  •  AAPL
  •  Industry average
Parameter Value Change Score
Assets 329,840.0 -2% 57
Capital Expenditure -9,646.0 -6% 66
Cash & Equivalents 34,050.0 -11% 53
Equity 64,280.0 -7% 96
Liabilities 265,560.0 -1% 57
All values are TTM

Income Statement Analysis

Auditing the changes in Apple Inc.'s income statement underlined several specific metrics that effect the performance for the upcoming quarter. In particular, their net income conveys modest results in terms of earnings movement. Statistically, the company's net income influences around 19.8% of the probability that a company will beat its benchmark performance. Further, Apple Inc.'s cost of sales indicates modest execution with respect to capital expenditure growth. Historically, the Company's cost of sales affect 8.0% of the chances of a company to beat its benchmark performance. Looking at the company's revenue reveals mediocre developments with respect to revenue momentum. Revenue momentum are historically responsible for up to 11.8% of the likelihood that a company will beat the market throughout the current market. Bottom line, our cumulative assessment of Apple Inc.'s income statement gave the cumulative strength of 68.

  •  AAPL
  •  Industry average
Parameter Value Change Score
EBITDA 110,935.0 11% 64
Total Revenues 347,155.0 7% 67
All values are TTM

Cash Flow Analysis

Diving into the their cash flow highlighted certain key numbers that provide some of the most meaningful signals into forecasting performance for the near term. Taking in consideration Apple Inc.'s flow of cash coming from operations, finance, and investments conveys moderate developments concerning cash flow momentum. Generally, the flow of cash coming from operations, finance, and investments factors affect up to 2.3% of a company's likelihood to over-perform its benchmark. Next, looking at the companys net cash flow implies satisfactory execution going into free cash flow growth. In general, these factors will impact up to 6.3% of the chances of a company to over-perform its benchmark in the course of the near term. With all factors evaluated together, the companys cash flow generated a cumulative score of 76.

  •  AAPL
  •  Industry average
Parameter Value Change Score
Free Cashflow 5.63 6% 75
Cashflow 237.0 108% 75
All values are TTM

General & Ratios Analysis

The cumulative analysis of the most critical factors in these reports makes up our bird's eye view of the company's financial health for the coming quarters. First, assessing Apple Inc.'s performance connected to general factors reveals uninspired results going into macroeconomic environment. Focusing on focusing on Apple Inc.'s health and sustainability forecasts average execution related to book value momentum. In general, these factors influence up to 25.4% of the likelihood that the company will beat the market. Looking closer at focusing on their capital efficiency forecasts slightly above average results in terms of assets factors momentum. Typically, the capital efficiency factors will contribute up to 1.7% of the chances of a company to beat its benchmark performance in the course of the near term. Perhaps most unappreciated, reviewing investors' interest forecasts positive results going into return factors momentum. In general, these factors contribute roughly up to 5.1% of the company's likelihood to beat its benchmark performance for the current market. Last, looking closer at the company's capital efficiency forecasts slightly above average results in terms of assets factors momentum. Typically, the capital efficiency factors influence around 1.7% of the company's likelihood to over-perform the market throughout the next quarter. With all factors taken together, our cumulative assessment of Apple Inc.'s general factors and ratios received the cumulative strength of 61.

  •  AAPL
  •  Industry average
Parameter Value Change Score
Asset Turnover 1.07 8% 70
Price to Book 34.72 19% 56
Return on Equity 127.12 23% 78
All values are TTM

This report is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used or considered as financial or investment advice, a solicitation of any offer, a recommendation, or an offer to sell or buy any securities or other form of a financial asset. For the full disclaimer, click here.