THIS REPORT IS GENERATED FOR
GESHER GROUP INVESTMENT UNIT
EMERGING MARKET
Company name:Apple IncNet Income:$18,024 MTicker:AAPLTotal Cash:$32.66 BillionStock Price:$128.71Total Cash/Share:$5.61Historical High:$128.88Total Debt:$36,403 MHistorical Low:$73.047Operating Cash Flow:$33,722 MRevenue Quarterly:$74,599 MTotal Assets:$261,894 MRevenue Annually:$199,800 MRevenue/Share:$12.68Total Liabilities & SE:$261,894 MCost of Goods Sold:$44,858P/E Ratio:17.31Gross Profit:$29,741 MEarnings/Share:$3.06Annually:$7.42
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AAPL[/caption]
Market Valuation:
I think the current IT/Hardware sector is growing steadily. Both Ned Davis Research, MorningStar and Schwab think the sector is outperformed. Mid-October presented an opportunity for tech, but valuations have rebounded and there are only a handful of undervalued, albeit higher-uncertainty, stocks.
Company Valuation:
Following a detailed analysis based on recent commentary from Apple’s management, we think that Apple likely has over 400mn iPhone users. Based on this analysis and taking into account a superior ecosystem, compute advantage, and quickening replacement rate, I believe Apple has a strong upward monument with highly profitable growth potential.
The introduction of Apple Pay, Beats, Health Kit and Home Kit are not taken into consideration of our target price of $140 per share.
Apple is expanding rapidly in China. That is why it is on our radar for the emerging market. I think Apple’s later stage development will require a lot of growth from markets like China and India.
Other Notes:
Apple is rolling out Apple Watch soon. Since it is the new gadget from Apple, it will be either a boom or bust.
