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Apple Inc.

ID: AAPL SECTOR: Technology INDUSTRY: Consumer Electronics
267.61
-3.45 (-1.27%)
Ref: 2026-04-27

Dividend Discount Models Snapshot

ModelRangeSelected
Stable Growth DDM $133.25 - $243.43 $178.02
Multi-Stage DDM $100.63 - $110.15 $105.30
Blended Fair Value $141.66
Stock Price$259.51

Dividend History (Last 10 Years)

Metric 2025202420232022202120202019201820172016
DPS 1.0280.9890.9500.9090.8580.8030.7590.6860.6080.552
YoY % 3.95%4.05%4.53%5.97%6.78%5.80%10.75%12.79%10.07%10.69%
Yield 0.40%0.38%0.37%0.35%0.33%0.31%0.29%0.26%0.23%0.21%

CAGRValue
5 Year5.05%
10 Year7.49%

Discounted Dividend Model - Stable Growth

MetricRangeSelected
LT Growth 3.56% to 5.56% 4.56%
WACC9.00%9.00%
Fair Value $133.25 - $243.43 $178.02

Calculation Details (Millions)

MetricLOWBASEHIGH
Required Retention Ratio 20.0% 12.5% 7.5%
(*) Adjusted Net Income 112,010.00 112,010.00 112,010.00
(=) Cash Required 22,402.00 14,001.25 8,400.75
(=) Excess Retained per Share 5.97 6.53 6.91
LTM Dividend per Share 1.028 1.028 1.028
(=) Adjusted Dividend 7.000 7.560 7.933

Multi-Stage Projections (BASE Case - Millions)

MetricTTMYear 1Year 2Year 3Year 4Year 5
Net Income 112,010.00 117,117.64122,458.18128,042.25133,880.96139,985.90
Projected Dividends 15,421.00 29,279.4150,207.8572,984.0897,733.10125,987.31

Multi-Stage Valuation (Millions)

Present ValuesLOWBASEHIGH
Year 1 PV 27,776.37 28,044.59 28,312.80
Year 2 PV 43,279.76 44,119.63 44,967.58
Year 3 PV 57,166.46 58,838.54 60,542.92
Year 4 PV 69,559.23 72,285.12 75,090.35
Year 5 PV 81,477.91 85,488.48 89,655.43
TV PV 1,230,657.40 1,291,233.65 1,354,172.13
Equity Value 1,509,917.14 1,580,010.01 1,652,741.22
Fair Value $100.63 $105.30 $110.15

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