This document provides a detailed stock report for Apple Inc. (AAPL) as of September 30th, 2022. It includes information on the company's fundamentals, financial ratios, analyst ratings, annual and quarterly financials, peers, and ETFs containing the stock. The report provides an overall bullish view of AAPL with a score of 7.1 out of 10 based on strengths like its high market capitalization, superior risk-adjusted returns, and dividend growth compared to peers.

2. Page 1 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
AAPL:NSD (Apple Inc)
Consumer Electronics | NSD | Common Stock
Values as of 29th Sep, 2022
Stock Target Advisor
Detailed Stock Report
Report Date: 30th September, 2022
Last Close
USD 142.48
Change
-7.36(-4.91%)
Market Cap
USD 2,408.04B
1 Yr Capital Gain
0.69%
1 Yr Dividend Return
0.64%
1 Yr Total
Return
1.33%
Earning Growth (5 yr)
107.24%
Average Target Price
175.41(+23.11% )
Average Analyst
Rating
Strong Buy
Fundamental
Analysis
Bullish
Our view of the stock is Bullish with a score of 7.1 out of 10, where 0 is very bearish and 10 very bullish
What to like
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Low volatility
The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although
stability is good, also keep in mind it can limit returns.
Superior total returns
The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top
quartile.
Superior return on equity
The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior capital utilization
The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior return on assets
The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior Dividend Growth
This stock has shown top quartile dividend growth in the previous 5 years compared to its sector
What to not like
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering
to buy.
Highly leveraged
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and
management statements. Sometimes this is high because the company is trying to grow aggressively.
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are
considering to buy.

3. Page 2 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
AAPL:NSD (Apple Inc)
Consumer Electronics | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 30th September, 2022
Adjusted Closing Share Volume
Relative Returns Relative Performance (Total Returns)
Security Capital Gain Dividend Return Total Return
AAPL
Apple Inc
-0.2% +0.6% +0.4%
QQQ
Invesco QQQ Trust
-24.3% +0.4% -23.9%
Company Overview
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also
sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line
of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV,
Apple Watch, Beats products, HomePod, and iPod touch. Further, it provides AppleCare support services; cloud services store services; and
operates various platforms, including the App Store that allow customers to discover and download applications and digital content, such as
books, music, video, games, and podcasts. Additionally, the company offers various services, such as Apple Arcade, a game subscription
service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News+, a subscription news
and magazine service; Apple TV+, which offers exclusive original content; Apple Card, a co-branded credit card; and Apple Pay, a cashless
payment service, as well as licenses its intellectual property. The company serves consumers, and small and mid-sized businesses; and the
education, enterprise, and government markets. It distributes third-party applications for its products through the App Store. The company
also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers, wholesalers,
retailers, and resellers. Apple Inc. was incorporated in 1977 and is headquartered in Cupertino, California. Address: One Apple Park Way,
Cupertino, CA, United States, 95014

4. Page 3 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
Company Website
https://www.apple.com
Address
One Apple Park Way, Cupertino, CA, United States, 95014
Fiscal Year End
September
Employees
154000
Technical Indicators
Value Value
Beta 1.23 52 Week High 182.19
Short Ratio 1.72 52 Week Low 128.86
Shorted Shares 116,076,947 200 Day Moving Average 160.21
Shorted Shares Previous Month 113,066,596 50 Day Moving Average 160.29
Shares Held By Insiders 7.00% Short Percentage 1.00%
Shares Held by Institutions 59.74 Dividend Yield 0.61%

5. Page 4 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
AAPL:NSD (Apple Inc)
Consumer Electronics | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 30th September, 2022
Market Performance
Market Performance vs. Industry / Classification (Consumer Electronics) Market Performance vs. Exchange (Nasdaq Global Select)
Value Sector Median
Percentile
Rank
Grade Market Median Percentile Rank Grade
YTD
Capital Gain -19.76% -40.2% 100% -28.6% 59%
Dividend Return 0.38% 0.4% 100% 1.7% 9%
Total Return -19.38% -40.2% 100% -27.6% 58%
Trailing 12 Months
Capital Gain 0.69% -56.7% 100% -30.6% 84%
Dividend Return 0.64% 0.6% 100% 2.4% 12%
Total Return 1.33% -56.7% 100% -28.9% 84%
Trailing 5 Years
Capital Gain 269.79% 9.9% 86% -9.1% 94%
Dividend Return 10.32% 10.3% 100% 10.4% 50%
Total Return 280.11% 9.9% 86% 0.9% 94%
Average Annual (5 Year Horizon)
Capital Gain 41.34% 41.3% 56% 0.2% 89%
Dividend Return 1.25% 1.2% 100% 1.8% 36%
Total Return 42.59% 42.6% 56% 0.7% 89%
Risk Return Profile
Volatility (Standard
Deviation)
36.65% 95.1% 100% 33.4% 44%
Risk Adjusted Return 116.18% N/A 100% 10.9% 99%
Market Capitalization 2,408.04B 0.17B 100% 0.37B 100%

6. Page 5 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
Key Financial Ratios
Ratios vs. Industry / Classification (Computer Hardware) Ratios vs. Exchange (Nasdaq Global Select)
Value Sector Median
Percentile
Rank
Grade Market Median Percentile Rank Grade
Market Value
peratio 26.7 28.0 63% 17.0 34%
pbratio 41.6 1.4 9% 1.4 2%
pcfratio 23.1 -8.0 9% -1.3 11%
pfcfratio 18.9 5.1 18% -0.1 11%
Management Effectiveness
retequity 16,281.63% -2.5% 100% -7.9% 100%
retinvcap 51.66% 1.6% 92% -1.7% 93%
retass 22.20% 0.8% 100% -1.0% 99%
debtequityratio 172.94% 18.1% 25% 29.9% 13%
Technical Ratios
yield 0.61% 0.6% 100% 3.0% 8%
sratio 1.72 3.47 80% 2.66 60%
spercent 0.70% 7.2% 100% 2.4% 72%
beta 1.23 1.23 44% 1.06 37%

7. Page 6 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
AAPL:NSD (Apple Inc)
Consumer Electronics | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 30th September, 2022
Recent Analyst Ratings
Price Action Rating Action Analyst Rating Price date
Upgraded by Rosenblatt Securities Neutral » Buy USD 160 » USD 189 2022-09-29
Downgraded by Bank of America Securities Buy » Neutral USD 185 » USD 160 2022-09-29
Adjusts STA Research Hold USD 185 » USD 135 2022-09-29
Target Raised by Evercore ISI Outperform USD 185 » USD 190 2022-09-20
Reiterated by Goldman Sachs Neutral » Neutral USD 139 2022-09-08
Initiated by Monness Crespi Buy USD 174 2022-09-08
Reiterates STA Research Buy USD 185 2022-09-08
Upgrades STA Research Buy USD 185 2022-08-26
Target Morningstar Inc. Sell USD 130 2022-08-19
Maintains KeyBanc Overweight USD 177 » USD 185 2022-08-19
Target Raised by Wedbush Outperform USD 200 » USD 220 2022-08-17
Upgrades Credit Suisse Outperform USD 201 2022-08-17
Adjusts STA Research Hold USD 185 2022-08-17
Maintains Zacks Research Inc. Hold 2022-08-12
Target Up STA Research Buy USD 178 2022-08-08
Target Up Fundamental Research Average USD 177 2022-08-03
Maintains KeyBanc Overweight USD 173 » USD 177 2022-08-02
Target Set by Credit Suisse USD 166 2022-07-29
Maintains Citigroup Buy USD 175 » USD 185 2022-07-29
Maintains Raymond James Capital Outperform USD 190 » USD 185 2022-07-29
Maintains Rosenblatt Securities Neutral USD 168 » USD 160 2022-07-29
Target Morningstar Inc. Sell USD 130 2022-07-29
Target Raised by Evercore ISI USD 180 » USD 185 2022-07-29
Reiterates STA Research Buy USD 170 2022-07-29
Target Set by Goldman Sachs USD 139 2022-07-29

8. Page 7 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
AAPL:NSD (Apple Inc)
Consumer Electronics | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 30th September, 2022
Annual Financial (USD)

9. Page 8 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
AAPL:NSD (Apple Inc)
Consumer Electronics | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 30th September, 2022
Quarterly Financial (USD)

10. Page 9 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
AAPL:NSD (Apple Inc)
Consumer Electronics | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 30th September, 2022
Largest Industry Peers for Consumer Electronics
Symbol Company Name Price(Change) Market Cap
SONO Sonos Inc -0.38 (-2.6%) USD 1.80B
GPRO GoPro Inc -0.14 (-2.7%) USD 0.80B
MWK Aterian, Inc N/A USD 0.72B
VUZI Vuzix Corp Cmn Stk -0.01 (-0.2%) USD 0.37B
UEIC Universal Electronics Inc +0.06 (+0.3%) USD 0.24B
VOXX VOXX International Corporation +0.14 (+1.8%) USD 0.17B
HEAR Turtle Beach Corp -0.56 (-7.6%) USD 0.11B
KOSS Koss Corporation -0.03 (-0.5%) USD 0.06B
MICS The Singing Machine Company In.. -0.16 (-2.8%) USD 0.02B
UTME Utime Ltd -0.06 (-2.9%) USD 0.02B
ETFs Containing AAPL
Symbol Company Name Weight Mer Price(Change) Market Cap
QQQ:PA Invesco EQQQ NASDAQ-100 UCITS .. 12.05 % 0.00 % N/A USD 5.41B
DBX2:F Xtrackers - MSCI EM Asia Swap .. 6.18 % 0.00 % -1.15 (-0.7%) USD 0.72B
DBX2:XETRA Xtrackers MSCI EM Asia Swap UC.. 6.18 % 0.00 % -1.62 (-0.7%) USD 0.72B
ZSP.U:CA 3.85 % 0.09 % N/A N/A
XDEQ:F Xtrackers (IE) Public Limited .. 3.47 % 0.00 % -0.32 (-0.7%) USD 0.95B
XDEQ:XETRA Xtrackers MSCI World Quality U.. 3.47 % 0.00 % -1.02 (-0.7%) USD 0.95B
XMAW:F Xtrackers MSCI AC World ESG Sc.. 3.44 % 0.00 % -0.19 (-0.7%) USD 1.31B
XMAW:XETRA Xtrackers MSCI AC World ESG Sc.. 3.44 % 0.00 % -0.69 (-0.7%) USD 1.31B
FLBA:CA Franklin Liberty Core Balanced.. 2.98 % 0.48 % N/A USD 2.15M
ACIM SPDR MSCI ACWI IMI ETF 2.70 % 0.00 % N/A USD 0.16B
The Stock Target Advisor platform run millions of calculations every day on over 30,000 Canadian and American stocks, comparing and
ranking their financial and market performance against their sectors and exchange.
We represent the percentile ranking using the following grading system.
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%