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Your Valuation
10 June 2008 |
330
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Valuation Details
| Member: | TheCrunchBlog |
| On: | 04 Jun 2008 |
| Views: | 330 |
| Comments: | 1 |
| Updated: | 6 hours ago |
| Ticker: | AAPL |
| Market: | NASD |
This valuation is part of this blog post:
http://blog.valuecruncher.com/2008/06/getting-apple-to-200-a-share/
Our assumptions are revenues of US$32.8 billion in 2008 growing to US$48.0 billion in 2010. We have used a flat EBITDA margin of 21% from 2008. We have used a terminal growth rate of 5.75%. We calculated that using a present value calculation with the growth rate dropping from 17.5% in 2011 to 3.5% in 2015 (the current projected growth from 2009 to 2010 is 18-20%). We used a terminal capital expenditure number of US$900 million. We have used a WACC (discount rate) of 11.0%.