Apple has great price action with nice fundamentals

19 de fev. de 2021

Longed Apple today with a small position. So let's explore the fundamentals on why:

• Market Cap 2,173 Billion (or 2.17 Trillion)
  
• Income 63.9 Billion
  
• 147,000 Employees (too big to fail) ;)
  
• P/E 35.07 (Practically a value play when considering many of the absurd P/E valuations) ;)
  
• Short Float 0.55%
  
• Dividend 0.6%
  

*P/S 7.39
*P/FCF 32.90 (impressive cash flow)
*Quick Ratio 1.1 (Good value)
*Debt/Eq 1.69 (High but money is cheap now-a-days)
*Long Term Debt/Eq 1.5

Time to explore Earnings:

*EPS 3.7
*EPS This Y +10.2
*Sales Q/Q +21.4%
*EPS Q/Q +34.6% (Impressive)
*EPS 5Y +7.3%


Equity Ownership:

*Insiders Own 0.1%
*Insider 3-Month Transactions -4.8%
*Institutions own 60.3%
*Institutions 3-Month Transactions -0.34%

Let's explore margins:

*Gross Margin 38.8% (not as high as other tech companies, but keep in mind they offer hardware as well which has higher cost in yielding product creation)
*Operations Margin +25.20%
*Net Margin +21.7% (Stunning and very impressive)

So current price target is $145 which is the top of the wedge.

Nice support for the long off the pivot points:


Nice support (confluence) off the Fibonacci Fan