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Your Valuation

10 June 2008 | 330 views
Valuation Assumptions What are these?
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Discount
Rate (%)
Terminal
Growth (%)
Tax (%)
Dollar146Point70
Arrow_up_green63.16% from latest share price

Revenue ($ million)

What's this?
2007 2008 2009 2010
 
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Profitability (EBITDA) Margin (%)

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2007 2008 2009 2010
 
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Comments (1)


AAPL Base Case

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%.

By TheCrunchBlog, 5 months ago


Valuation Details

Member: TheCrunchBlog
On: 04 Jun 2008
Views: 330
Comments: 1
Latest Share Price: $89.91
Updated: 6 hours ago
Ticker: AAPL
Market: NASD