Apple Inc. (AAPL) DCF Valuation
Transparent DCF models put Apple Inc. (AAPL)'s fair value in a range of $112.54 – $151.34 — the low end is TGM's conservative base case (5% FCF growth, 10% discount), the high end the analyst consensus (FMP). Today's price of $290.55 sits above that range — by these conservative assumptions it looks richly valued; the reverse-DCF below is the better lens for a high-growth name.
Reverse DCF: at today's $290.55, the market is pricing in roughly +17.6%/yr free-cash-flow growth over the next decade (at a 10% required return) — versus its actual 5-year FCF CAGR of +7.4%. The price is betting on acceleration above its track record.
Current Price
$290.55
Fair-Value Range
$112.54 – $151.34
Market-Implied Growth
+17.6%/yr
vs +7.4% 5Y actual
AAPL DCF Fair Value Calculator
Edit the assumptions to see how they change the estimated fair value. Illustrative model — not investment advice. Defaults to a conservative base case; the analyst (FMP) DCF, where available, is shown as a reference below.
Base inputs: FCF $104.7B · 14.69B shares · net debt $62.7B
Estimated Fair Value
$112.54
-61.3% vs $290.55
Sensitivity — fair value by discount rate × terminal growth
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 5.0%/yr FCF growth and 10-year horizon fixed. Green = above today's $290.55; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 8.0% | $141 | $148 | $157 | $168 | $181 |
| 9.0% | $120 | $126 | $131 | $138 | $146 |
| 10.0% | $105 | $108 | $113 | $117 | $123 |
| 11.0% | $92.56 | $95.21 | $98.18 | $102 | $105 |
| 12.0% | $82.68 | $84.67 | $86.87 | $89.32 | $92.06 |