As of January 4th 2023, Apple's equity value (market capitalization) is approximately $2,079 billion. Apple has $120
Question:
As of January 4th 2023, Apple's equity value (market capitalization) is approximately $2,079 billion. Apple has $120 billion of total debt and $48 billion in cash and cash equivalents.
What is Apple's enterprise value? Answer in billion dollars, rounded to a whole number (e.g., $1,528.43 billion = 1528).
A company is projected to generate revenues of $250 million, $290 million and $320 million over the next three years. After that, the company's free cash flow is expected to grow at a stable 2% annual rate in perpetuity.
Given the information below, how much is each share worth today? Round to one decimal place.
Forecasted operating margin: 35%
Forecasted tax rate: 20%
Forecasted reinvestment rate: 25%
Cost of capital: 10%
Debt: $300 million
Cash: $80 million
Shares outstanding: 25 million
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1285190907
8th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw