Benzinga published an in-depth analysis comparing Apple Inc. (NASDAQ: AAPL) to competitors in the Technology Hardware, Storage & Peripherals industry. The report details Apple's business model, which relies heavily on the iPhone for sales, supported by a portfolio of Mac, iPad, and Watch products designed around a software ecosystem. The company designs its own software and semiconductors while outsourcing manufacturing to partners such as Foxconn and TSMC.
The analysis presents a comparative table of financial metrics between Apple and several peers, including Seagate Technology, Western Digital, Hewlett Packard Enterprise, NetApp, and Logitech. Apple reported an EBITDA of $39.02 billion and gross profit of $54.77 billion, both figures significantly above the industry average. The company also achieved a Return on Equity (ROE) of 27.84%.
Regarding valuation, the report notes that Apple's Price to Earnings (P/E) ratio of 37.45 is lower than the industry average, while its Price to Book (P/B) ratio of 44.33 is higher than the industry average. The Price to Sales (P/S) ratio of 10.34 also exceeds the industry average.
In terms of growth and leverage, Apple's revenue growth of 16.36% is reported as significantly below the industry average of 60.0%. However, the analysis highlights that Apple maintains a lower debt-to-equity ratio of 0.78 compared to its top four peers, indicating a stronger financial position with less reliance on debt financing.
