Apple cash flow12/23/2023 ![]() ![]() There are lots of different quantitate and qualitative values about the company in question and provides a useful overview. Here we get a dictionary with 59 different metrics about the company. Using these new functions you can now easily pull the quarterly revenue of Apple, cash flow from financing of Tesla or a timeseries of the current liabilities for Ford. Using the metaprogrammingĬapabilities of Julia I was able to generate hundreds of functions The real value add though (if I do say so myself) comes from theĪbility to pull out the annual or quarterly time series of a metric ofĪ stock easily and in a programatic manner. Plus a listing status to see what stocks are active. The new data comes in through four different categories and functions: I’ll run through each of the new functions and try and This fundamental data describes the underlying business informationĪbout a company and is more fluid and open to interpretation than the Package you can now easily import this data into your Julia project. Milestone Alert!Livemint tops charts as the fastest growing news website in the world □ Click here to know more.AlphaVantage recently made fundamental data for stocks available through theirĪPI and thanks to some new contributors to the AlphaVantage.jl Julia “Apple remains a top brand globally, it has unparalleled supply-chain expertise, and its free cash flow means that the return of capital is historically different than you get at other companies. “We’re very cautious about adding to positions here, but would love to buy at a lower price."ĭespite that, Kirkbride said Apple deserves the benefit of the doubt, given the company’s ability to navigate challenging times in the past. ![]() “There are always challenges, but this does seem like a trickier time, especially with the multiple being at the high end of the historical range," said Michael Kirkbride, portfolio manager at Evercore Wealth Management. Fewer than two-thirds of the analysts tracked by Bloomberg recommend buying, by far the lowest ratio among megacaps. KeyBanc Capital Markets recently cut its view on the stock to the equivalent of a hold rating, citing concerns about the valuation and growth potential.įollowing a number of downgrades this year, the consensus rating on the stock - a proxy for the ratio of buy, hold, and sell ratings - has dropped 9% off a December peak. ![]() This has already caused some to step back. While revenue growth at Apple is expected to return to positive territory in its 2024 fiscal year, the pace is well off levels seen in recent years, and new product categories like its Vision Pro headset aren’t expected to become meaningful drivers anytime soon. It also trades at a premium in terms of forward sales, while its free-cash-flow yield is below 3.7%, compared with its 10-year average of about 6.4%. Revenue for the overall S&P 500 tech sector is seen up 1.5% this quarter, according to Bloomberg Intelligence.Īgainst this backdrop, Apple trades at 26.6 times estimated earnings, above the multiple of the Nasdaq 100 Index and its own long-term average. The company will report its fourth-quarter results in early November, and analysts expect to see revenue down 1% from the year-ago period. “It isn’t like Cisco in 1999, about to fall off a cliff, but if we got a real dislocation in markets, the brunt would probably fall on stocks like Apple." “You can make a compelling fundamental case for Amazon as a margin expansion story, for Microsoft and Nvidia as part of the AI craze, or for Alphabet and Meta weathering a slowdown in consumer advertising, but Apple has demonstrated no revenue growth for some time," Abate said. That influence in markets makes it difficult for equity investors to avoid, but other megacaps may offer more enticing growth prospects and trade at more reasonable multiples. The slump has erased more than $320 billion in market value, though Apple remains the biggest component of the S&P 500 Index, accounting for more than 7.1% of the index weight. Shares have dropped 10% since the end of July, compared with a decline of 5.6% for the Nasdaq 100 Index over that period. Abate believes that investors should hedge against Apple’s valuation risk through put options, due to its “systemic" importance to the stock market.Īpple rose 0.6% on Thursday, a move that follows four straight negative sessions. “Apple has some of the weakest growth among the megacaps, but the stock hasn’t de-rated to multiples it saw in previous periods when it wasn’t growing," he said in an interview. ![]()
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