With a market capitalization of $1.27 trillion, declining revenues/margins year-over-year, share appreciation of 67% since June 2019 and 100% since early-Jan 2019, AAPL has reached stretched valuations.
• Trailing P/E ratio is 23.70, the highest level since June 2008
• Revenue growth is down 2% YoY
• Earnings growth is down 9.8% YoY
• Dividend yield is 1.1%, the lowest level since AAPL first introduced a dividend in 3Q 2012. Since 2012, AAPL’s yield has averaged 1.94%.
This is not a doom and gloom projection, as the company has an indisputable solid brand and consumer loyalty, with people continuing to dish out $1,000+ for new iPhones, however, the valuation of the company has become overextended and expecting the stock to see a correction in Q1 2020 as investors look to rebalance their portfolios.
12.23.19 12:15pm EST
• Trailing P/E ratio is 23.70, the highest level since June 2008
• Revenue growth is down 2% YoY
• Earnings growth is down 9.8% YoY
• Dividend yield is 1.1%, the lowest level since AAPL first introduced a dividend in 3Q 2012. Since 2012, AAPL’s yield has averaged 1.94%.
This is not a doom and gloom projection, as the company has an indisputable solid brand and consumer loyalty, with people continuing to dish out $1,000+ for new iPhones, however, the valuation of the company has become overextended and expecting the stock to see a correction in Q1 2020 as investors look to rebalance their portfolios.
12.23.19 12:15pm EST
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.