Apple Inc Stock Z Score

AAPL Stock

USD 172.69 3.86 2.19%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Apple Piotroski F Score and Apple Valuation analysis.

At this time, Apple's Return On Capital Employed is quite stable compared to the past year. At this time, Apple's Other Operating Expenses is quite stable compared to the past year. Operating Income is expected to rise to about 138 B this year, although the value of Extraordinary Items is projected to rise to (1.3 B).

Apple Inc Company Z Score Analysis

Apple's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Apple Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Apple is extremely important. It helps to project a fair market value of Apple Stock properly, considering its historical fundamentals such as Z Score. Since Apple's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Apple's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Apple's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Cash And Equivalents	Property Plant Equipment	Short Term Debt	Accounts Payable	Accumulated Depreciation	Short Term Investments	Common Stock	Long Term Debt	Current Deferred Revenue	Good Will	Intangible Assets	Net Tangible Assets	Deferred Long Term Liab	Long Term Investments	Long Term Debt Total	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock	Capital Surpluse
Total Assets		0.17	0.89	-0.2	0.88	0.94	0.95	0.78	0.94	0.92	0.93	0.85	0.62	0.83	0.86	0.67	0.94	0.06	0.15	0.71	0.67	0.86	-0.71	-0.63	-0.38	0.52	0.48
Total Stockholder Equity	0.17		-0.15	0.91	-0.23	-0.17	-0.03	-0.1	-0.13	0.0	-0.13	-0.36	0.41	-0.33	-0.04	0.6	0.04	0.8	0.89	0.62	0.72	-0.16	-0.04	0.57	0.4	-0.48	-0.42
Net Debt	0.89	-0.15		-0.47	0.84	0.95	0.87	0.69	0.9	0.93	0.9	0.89	0.55	0.81	0.93	0.42	0.91	-0.34	-0.17	0.4	0.51	0.96	-0.71	-0.7	-0.5	0.57	0.51
Retained Earnings	-0.2	0.91	-0.47		-0.55	-0.51	-0.38	-0.41	-0.48	-0.33	-0.47	-0.68	0.14	-0.65	-0.41	0.27	-0.3	0.72	0.9	0.31	0.5	-0.5	0.22	0.83	0.54	-0.75	-0.65
Net Receivables	0.88	-0.23	0.84	-0.55		0.95	0.91	0.75	0.97	0.87	0.99	0.95	0.3	0.97	0.78	0.47	0.84	-0.15	-0.22	0.47	0.31	0.81	-0.56	-0.87	-0.64	0.8	0.77
Total Liab	0.94	-0.17	0.95	-0.51	0.95		0.96	0.82	0.98	0.93	0.97	0.97	0.5	0.93	0.91	0.48	0.93	-0.21	-0.18	0.5	0.43	0.93	-0.7	-0.83	-0.51	0.7	0.63
Total Current Assets	0.95	-0.03	0.87	-0.38	0.91	0.96		0.91	0.97	0.91	0.92	0.93	0.64	0.88	0.88	0.49	0.9	-0.1	-0.04	0.56	0.44	0.89	-0.68	-0.78	-0.31	0.6	0.53
Cash And Equivalents	0.78	-0.1	0.69	-0.41	0.75	0.82	0.91		0.82	0.72	0.73	0.83	0.62	0.74	0.79	0.32	0.78	-0.12	-0.12	0.47	0.24	0.79	-0.66	-0.74	-0.02	0.49	0.36
Property Plant Equipment	0.94	-0.13	0.9	-0.48	0.97	0.98	0.97	0.82		0.93	0.98	0.96	0.49	0.94	0.86	0.49	0.9	-0.15	-0.13	0.51	0.41	0.89	-0.62	-0.84	-0.51	0.71	0.65
Short Term Debt	0.92	0.0	0.93	-0.33	0.87	0.93	0.91	0.72	0.93		0.92	0.85	0.58	0.79	0.89	0.49	0.86	-0.17	-0.02	0.5	0.56	0.9	-0.62	-0.67	-0.47	0.52	0.47
Accounts Payable	0.93	-0.13	0.9	-0.47	0.99	0.97	0.92	0.73	0.98	0.92		0.94	0.39	0.95	0.83	0.53	0.89	-0.13	-0.13	0.53	0.44	0.86	-0.61	-0.81	-0.62	0.74	0.71
Accumulated Depreciation	0.85	-0.36	0.89	-0.68	0.95	0.97	0.93	0.83	0.96	0.85	0.94		0.41	0.96	0.86	0.35	0.85	-0.32	-0.37	0.36	0.21	0.9	-0.63	-0.93	-0.53	0.79	0.7
Short Term Investments	0.62	0.41	0.55	0.14	0.3	0.5	0.64	0.62	0.49	0.58	0.39	0.41		0.28	0.71	0.39	0.56	0.04	0.28	0.43	0.54	0.65	-0.51	-0.2	0.28	0.05	-0.04
Common Stock	0.83	-0.33	0.81	-0.65	0.97	0.93	0.88	0.74	0.94	0.79	0.95	0.96	0.28		0.74	0.39	0.79	-0.21	-0.33	0.39	0.18	0.79	-0.56	-0.93	-0.64	0.86	0.82
Long Term Debt	0.86	-0.04	0.93	-0.41	0.78	0.91	0.88	0.79	0.86	0.89	0.83	0.86	0.71	0.74		0.5	0.87	-0.21	-0.19	0.49	0.48	0.99	-0.71	-0.68	-0.32	0.57	0.45
Current Deferred Revenue	0.67	0.6	0.42	0.27	0.47	0.48	0.49	0.32	0.49	0.49	0.53	0.35	0.39	0.39	0.5		0.6	0.67	0.36	0.93	0.74	0.4	-0.43	-0.16	-0.28	0.29	0.29
Good Will	0.94	0.04	0.91	-0.3	0.84	0.93	0.9	0.78	0.9	0.86	0.89	0.85	0.56	0.79	0.87	0.6		-0.06	0.01	0.65	0.62	0.88	-0.78	-0.64	-0.32	0.5	0.45
Intangible Assets	0.06	0.8	-0.34	0.72	-0.15	-0.21	-0.1	-0.12	-0.15	-0.17	-0.13	-0.32	0.04	-0.21	-0.21	0.67	-0.06		0.66	0.68	0.42	-0.34	0.1	0.37	0.18	-0.24	-0.2
Net Tangible Assets	0.15	0.89	-0.17	0.9	-0.22	-0.18	-0.04	-0.12	-0.13	-0.02	-0.13	-0.37	0.28	-0.33	-0.19	0.36	0.01	0.66		0.46	0.68	-0.25	0.0	0.58	0.41	-0.61	-0.5
Deferred Long Term Liab	0.71	0.62	0.4	0.31	0.47	0.5	0.56	0.47	0.51	0.5	0.53	0.36	0.43	0.39	0.49	0.93	0.65	0.68	0.46		0.75	0.4	-0.57	-0.17	-0.09	0.2	0.19
Long Term Investments	0.67	0.72	0.51	0.5	0.31	0.43	0.44	0.24	0.41	0.56	0.44	0.21	0.54	0.18	0.48	0.74	0.62	0.42	0.68	0.75		0.42	-0.51	0.13	-0.05	-0.14	-0.11
Long Term Debt Total	0.86	-0.16	0.96	-0.5	0.81	0.93	0.89	0.79	0.89	0.9	0.86	0.9	0.65	0.79	0.99	0.4	0.88	-0.34	-0.25	0.4	0.42		-0.72	-0.74	-0.37	0.6	0.5
Short Long Term Debt	-0.71	-0.04	-0.71	0.22	-0.56	-0.7	-0.68	-0.66	-0.62	-0.62	-0.61	-0.63	-0.51	-0.56	-0.71	-0.43	-0.78	0.1	0.0	-0.57	-0.51	-0.72		0.43	0.13	-0.34	-0.29
Net Invested Capital	-0.63	0.57	-0.7	0.83	-0.87	-0.83	-0.78	-0.74	-0.84	-0.67	-0.81	-0.93	-0.2	-0.93	-0.68	-0.16	-0.64	0.37	0.58	-0.17	0.13	-0.74	0.43		0.57	-0.87	-0.77
Net Working Capital	-0.38	0.4	-0.5	0.54	-0.64	-0.51	-0.31	-0.02	-0.51	-0.47	-0.62	-0.53	0.28	-0.64	-0.32	-0.28	-0.32	0.18	0.41	-0.09	-0.05	-0.37	0.13	0.57		-0.71	-0.74
Capital Stock	0.52	-0.48	0.57	-0.75	0.8	0.7	0.6	0.49	0.71	0.52	0.74	0.79	0.05	0.86	0.57	0.29	0.5	-0.24	-0.61	0.2	-0.14	0.6	-0.34	-0.87	-0.71		0.97
Capital Surpluse	0.48	-0.42	0.51	-0.65	0.77	0.63	0.53	0.36	0.65	0.47	0.71	0.7	-0.04	0.82	0.45	0.29	0.45	-0.2	-0.5	0.19	-0.11	0.5	-0.29	-0.77	-0.74	0.97

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Apple

In accordance with the company's disclosures, Apple Inc has a Z Score of 0.0. This is 100.0% lower than that of the Technology Hardware, Storage & Peripherals sector and 100.0% lower than that of the Information Technology industry. The z score for all United States stocks is 100.0% higher than that of the company.

Apple ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Apple's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Apple's managers, analysts, and investors.

Environment Score

Governance Score

Social Score

Apple Institutional Holders

Institutional Holdings refers to the ownership stake in Apple that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Apple's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Apple's value.

		Shares
Legal & General Group Plc	2023-12-31	138.5 M
Jpmorgan Chase & Co	2023-12-31	137.5 M
Bank Of New York Mellon Corp	2023-12-31	118.8 M
Bank Of America Corp	2023-12-31	112 M
Charles Schwab Investment Management Inc	2023-12-31	85 M
Nuveen Asset Management, Llc	2023-12-31	80 M
Ubs Asset Mgmt Americas Inc	2023-12-31	75.1 M
Royal Bank Of Canada	2023-12-31	62.7 M
Wellington Management Company Llp	2023-12-31	60.7 M
Vanguard Group Inc	2023-12-31	1.3 B
Blackrock Inc	2023-12-31	1 B

Apple Fundamentals

	Return On Equity	1.54
	Return On Asset	0.21
	Profit Margin	0.26 %
	Operating Margin	0.34 %
	Current Valuation	2.7 T
	Shares Outstanding	15.44 B
	Shares Owned By Insiders	5.93 %
	Shares Owned By Institutions	56.68 %
	Number Of Shares Shorted	108.78 M
	Price To Earning	24.24 X
	Price To Book	36.79 X
	Price To Sales	7.07 X
	Revenue	383.29 B
	Gross Profit	170.78 B
	EBITDA	125.82 B
	Net Income	97 B
	Cash And Equivalents	29.96 B
	Cash Per Share	3.04 X
	Total Debt	111.09 B
	Debt To Equity	2.61 %
	Current Ratio	0.88 X
	Book Value Per Share	4.79 X
	Cash Flow From Operations	110.54 B
	Short Ratio	1.48 X
	Earnings Per Share	6.42 X
	Price To Earnings To Growth	2.17 X
	Target Price	199.97
	Number Of Employees	161 K
	Beta	1.28
	Market Capitalization	2.67 T
	Total Asset	352.58 B
	Retained Earnings	(214 M)
	Working Capital	(1.74 B)
	Current Asset	106.87 B
	Current Liabilities	79.01 B
	Annual Yield	0.01 %
	Five Year Return	1.00 %
	Net Asset	352.58 B
	Last Dividend Paid	0.95

About Apple Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Apple Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Apple using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Apple Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Apple

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Apple position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Apple will appreciate offsetting losses from the drop in the long position's value.

Moving against Apple Stock

0.88	CLS	Celestica Financial Report 24th of April 2024	Pair Corr
0.87	NTAP	NetApp Inc Financial Report 29th of May 2024	Pair Corr
0.74	WDC	Western Digital Report 13th of May 2024	Pair Corr
0.62	CTS	CTS Corporation Financial Report 25th of April 2024	Pair Corr
0.59	BHE	Benchmark Electronics Financial Report 1st of May 2024	Pair Corr

The ability to find closely correlated positions to Apple could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Apple when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Apple - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Apple Inc to buy it.

The correlation of Apple is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Apple moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Apple Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Apple can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Apple Inc is a strong investment it is important to analyze Apple's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Apple's future performance. For an informed investment choice regarding Apple Stock, refer to the following important reports:

How To Invest In Apple

Details

Is Apple Stock a good investment?

Details

What is Apple's Net Worth?

Details

Largest Technology Hardware, Storage & Peripherals Companies

View

Largest Technology Hardware & Equipment Companies

View

Check out Apple Piotroski F Score and Apple Valuation analysis.

You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for Apple Stock analysis

When running Apple's price analysis, check to measure Apple's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Apple is operating at the current time. Most of Apple's value examination focuses on studying past and present price action to predict the probability of Apple's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apple's price. Additionally, you may evaluate how the addition of Apple to your portfolios can decrease your overall portfolio volatility.

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Is Apple's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Apple. If investors know Apple will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Apple listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.16

Dividend Share

0.95

Earnings Share

6.42

Revenue Per Share

24.648

Quarterly Revenue Growth

0.021

The market value of Apple Inc is measured differently than its book value, which is the value of Apple that is recorded on the company's balance sheet. Investors also form their own opinion of Apple's value that differs from its market value or its book value, called intrinsic value, which is Apple's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Apple's market value can be influenced by many factors that don't directly affect Apple's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Apple's value and its price as these two are different measures arrived at by different means. Investors typically determine if Apple is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Apple's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Apple Inc Stock Z Score

Apple Inc Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Apple Z Score Driver Correlations

Apple ESG Sustainability

Apple Institutional Holders

Apple Fundamentals

About Apple Fundamental Analysis

Pair Trading with Apple

Moving against Apple Stock

Complementary Tools for Apple Stock analysis

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