AAPL Illustrative DCF Scenario
Illustrative scenario only — not investment advice. This page applies explicit assumptions to verified public inputs. It is not an estimate of what AAPL is worth, and it does not compare with any market price. Changing assumptions changes the outputs. See Disclaimer.
Verified inputs and stated assumptions
AAPL's latest verified free cash flow is 98,767,000,000. The share count is computed as 15,014,745,308 using verified net income and diluted EPS. The rough debt proxy is 249,574,000,000, computed as liabilities minus cash.
The scenario uses 5.00 explicit years, 0.00% annual FCF growth, 9.00% discount rate, and 2.50% terminal growth. These are illustrative assumptions, not predictions.
Scenario output
Under the stated assumptions, lmfin computes 76.38 per share and 1,146,850,071,886 equity output. The terminal component is 72.49% of the total enterprise output.
Sensitivity
The sensitivity grid changes only the discount-rate and terminal-growth assumptions. It shows how the per-share output changes mechanically when assumptions change.
Assumptions and computed inputs
| Input | Value |
|---|---|
| Illustrative explicit-year horizon | 5.00 |
| Illustrative annual FCF growth assumption | 0.00% |
| Illustrative discount-rate assumption | 9.00% |
| Illustrative terminal-growth assumption | 2.50% |
| Diluted shares from net income / diluted EPS | 15,014,745,308 |
| Liabilities minus cash rough proxy | 249,574,000,000 |
Verified inputs
| Metric | Value | Period end | Source |
|---|---|---|---|
| Free cash flow | 98,767,000,000 | 2025-09-27 | 0000320193-25-000079 |
| Operating cash flow | 111,482,000,000 | 2025-09-27 | 0000320193-25-000079 |
| Capital expenditures | 12,715,000,000 | 2025-09-27 | 0000320193-25-000079 |
| Net income | 112,010,000,000 | 2025-09-27 | 0000320193-25-000079 |
| Diluted EPS | 7.46 | 2025-09-27 | 0000320193-25-000079 |
| Liabilities | 285,508,000,000 | 2025-09-27 | 0000320193-25-000079 |
| Cash and cash equivalents | 35,934,000,000 | 2025-09-27 | 0000320193-25-000079 |
Explicit cashflows used by lmfin
| Year | Cashflow |
|---|---|
| Year 1 | 98,767,000,000 |
| Year 2 | 98,767,000,000 |
| Year 3 | 98,767,000,000 |
| Year 4 | 98,767,000,000 |
| Year 5 | 98,767,000,000 |
Base output
| Metric | Value | Period end | Source |
|---|---|---|---|
| Illustrative per-share output | 76.38 | ||
| Illustrative equity output | 1,146,850,071,886 | ||
| Terminal component share of total output | 72.49% |
Sensitivity grid
| 1.5% terminal growth | 2.5% terminal growth | 3.5% terminal growth | |
|---|---|---|---|
| 8.0% discount rate | 79.55 | 93.07 | 112.61 |
| 9.0% discount rate | 66.82 | 76.38 | 89.42 |
| 10.0% discount rate | 57.09 | 64.13 | 73.35 |
Provenance
Verified inputs come from grepcent's SEC companyfacts layer. The share-count proxy is net income divided by diluted EPS. The rough debt proxy is liabilities minus cash. lmfin: lmfin 0.1.0. Base command: lmfin dcf --cashflows 98767000000.000000,98767000000.000000,98767000000.000000,98767000000.000000,98767000000.000000 --rate 0.090000 --terminal-growth 0.025000 --net-debt 249574000000.000000 --shares 15014745308.310991 --json. This is an illustrative arithmetic scenario from stated assumptions. It is not a recommendation, prediction, or advice.