Apple Inc. : Plunges into the fray
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07/06/2012 | 10:16am
Opinion : Bullish above 582 USD
Target price : 636 USD
Stop loss: 582 USD
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NASDAQ
Computer Hardware |
The famous American brand keeps its dynamic guideline but has to face its competitors. Windows announced the launching of its new pad and lawsuit with HTC and Samsung are saturating newsflow. But Apple keeps its dynamism and its incredible talent to create dream in customer’s minds.
The growing perspectives on emerging markets will permit to keep an important sales volume. They are expected at 161 billion dollars for 2012, representing a 50% increase. Net income will gain 40%, reinforcing the plethoric treasury level. The stock is trading at high price but its perspectives are very engaging. Analysts from further consensus fixed an average target price up to USD 1000.
Technically the stock made a rebound movement on the USD 569 level, crossing point of the 3 moving averages and a support slant. The new impulse brings the stock close to its USD 624 resistance. This movement could continue and Apple may reach its highest historical at USD 636, representing a 5% performance in a first time.
Investors could take a buy position on the stock with a first objective at USD 636, and by extension at USD 650. A stop loss order will be engaged at USD 582, to avoid disappointment.
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Valuation |
2013e |
2014e |
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PER (Price / EPS)
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10,8x |
9,78x |
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Capitalization / Revenue
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2,37x |
2,14x |
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EV / Revenue
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1,62x |
1,36x |
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EV / EBITDA
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5,12x |
4,39x |
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Yield (DPS / Price)
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2,64% |
2,91% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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28,4% |
28,1% |
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operating laverage (Delta EBIT / Delta Sales)
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- |
0,88x |
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Net Margin (Net Profit / Revenue)
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21,7% |
21,3% |
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ROA (Net Profit / Asset)
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19,4% |
18,5% |
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ROE (Net Profit / Equities)
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27,4% |
25,8% |
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Rate of Dividend
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28,7% |
28,5% |
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