Apple (AAPL) Shareholders Enjoy $70/Share in Cash
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Price: $314.86 -0.77%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
EPS Growth %: +20.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
EPS Growth %: +20.4%
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With its latest quarter, Apple (Nasdaq: AAPL) disclosed that its now has approximately $66 billion in cash, short and long-term marketable securities.
With 935 million shares outstanding, this gives shareholders about $70 per share in cash and equivalences.
This means that ex-cash, at $350 per share, Apple is trading at about 12x this year's FY11 EPS consensus of $23.12 and about 10x next year's of $26.87. This could be considered "disgustingly cheap" for a company that grew profits 95% and sales 83%.
With 935 million shares outstanding, this gives shareholders about $70 per share in cash and equivalences.
This means that ex-cash, at $350 per share, Apple is trading at about 12x this year's FY11 EPS consensus of $23.12 and about 10x next year's of $26.87. This could be considered "disgustingly cheap" for a company that grew profits 95% and sales 83%.
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