Apple Inc Com

En Dollar US en miles

Consolidado 28/03/2020 27/06/2020 26/09/2020 26/12/2020 27/03/2021 26/06/2021

EST RESULT
Meses 3 3 3 3 3 3
Origen de los datos divulgado divulgado substracción divulgado divulgado divulgado

+Ingresos netos 58,313,000 59,685,000 64,698,000 111,439,000 89,584,000 81,434,000

-Costo de ventas 35,943,000 37,005,000 40,009,000 67,111,000 51,505,000 46,179,000
=Ganancia bruta 22,370,000 22,680,000 24,689,000 44,328,000 38,079,000 35,255,000
-Gastos GAV y R&D 9,517,000 9,589,000 9,914,000 10,794,000 10,576,000 11,129,000
-Otros gastos (ingr) oper 0 0 0 0 0 0
=Ganancias (perdidas) de actividades operacionales EBIT 12,853,000 13,091,000 14,775,000 33,534,000 27,503,000 24,126,000
-Gastos (ingr) financ net 0 0 0 0 0 0
+Result inver permanent 0 0 0 0 0 0
+Otros ingresos (gastos) 282,000 46,000 126,000 45,000 508,000 243,000
=Ganancia (perdida), antes de impuestos 13,135,000 13,137,000 14,901,000 33,579,000 28,011,000 24,369,000
-Gasto por impuestos a las ganancias 1,886,000 1,884,000 2,228,000 4,824,000 4,381,000 2,625,000
-Otros 0 0 0 0 0 0
=Ganancia (perdida) procedente de operaciones continuadas 11,249,000 11,253,000 12,673,000 28,755,000 23,630,000 21,744,000
+Ganancia (perdida) procedente de operaciones discontinuadas 0 0 0 0 0 0
+Itemes extraordinarios 0 0 0 0 0 0
+Cambios princ contab 0 0 0 0 0 0
=Utilidad consolidada 11,249,000 11,253,000 12,673,000 28,755,000 23,630,000 21,744,000
-Ganancia (perdida), atribuible a participaciones no controladoras 0 0 0 0 0 0
=Ganancia (perdida) neta 11,249,000 11,253,000 12,673,000 28,755,000 23,630,000 21,744,000

FLUJO CAJA
Meses 3 3 3 3 3 3
Origen de los datos substracción substracción substracción divulgado substracción substracción

+Flujos de efectivo netos procedentes de (utilizados en) actividades de operacion

13,311,000 16,271,000 20,576,000 38,763,000 23,981,000 21,094,000
Ganancia neta 11,249,000 11,253,000 12,673,000 28,755,000 23,630,000 21,744,000
Depreciacion y amortizacion 2,786,000 2,752,000 2,702,000 2,666,000 2,797,000 2,832,000
Flujo de camb act y pasv -2,002,000 -430,000 3,877,000 5,355,000 -3,779,000 -4,697,000
Otr Itms del Flujo Cj Op 1,278,000 2,696,000 1,324,000 1,987,000 1,333,000 1,215,000
+Flujos de efectivo netos procedentes de (utilizados en) actividades de inversion
9,013,000 -5,165,000 5,531,000 -8,584,000 -10,368,000 3,572,000
Activos fijos neto -1,853,000 -1,565,000 -1,784,000 -3,500,000 -2,269,000 -2,093,000
Compra de bienes de uso -1,853,000 -1,565,000 -1,784,000 -3,500,000 -2,269,000 -2,093,000
Importes procedentes de la venta de propiedades, planta y equipo
0 0 0 0 0 0
Investimentos neto 11,162,000 -3,337,000 7,417,000 -5,288,000 -7,895,000 5,743,000
Compra de investimentos -29,318,000 -30,520,000 -18,383,000 -39,809,000 -34,624,000 -19,632,000
Venda de investimentos 40,480,000 27,183,000 25,800,000 34,521,000 26,729,000 25,375,000
Otr invest adquir (vend) 0 0 0 0 0 0
Otr itemes flujo caj inv -296,000 -263,000 -102,000 204,000 -204,000 -78,000
+Flujos de efectivo netos procedentes de (utilizados en) actividades de financiacion
-20,940,000 -19,116,000 -21,357,000 -32,249,000 -11,326,000 -29,396,000
Prestamos netos 803,000 2,168,000 -703,000 -978,000 10,423,000 0
Financiamientos obtenid 2,556,000 11,034,000 291,000 0 13,923,000 0
Financiamientos pagados -4,250,000 -7,379,000 0 -1,000,000 -3,500,000 -3,000,000
Otr financ obten (pagad) 2,497,000 -1,487,000 -994,000 22,000 0 3,000,000
Aumento neto de capital -18,146,000 -15,891,000 -16,737,000 -24,775,000 -17,987,000 -22,900,000
Incremento de capital 428,000 0 450,000 0 561,000 0
Reduccion de capital -18,574,000 -15,891,000 -17,187,000 -24,775,000 -18,548,000 -22,900,000
Dividendos pagados -3,375,000 -3,656,000 -3,511,000 -3,613,000 -3,447,000 -3,767,000
Otr Itms del Flujo Cj Fi -222,000 -1,737,000 -406,000 -2,883,000 -315,000 -2,729,000
+Operaciones discontinuad 0 0 0 0 0 0
+Efectos de la variacion en la tasa de cambio sobre el efectivo y equivalentes al efectivo
0 0 0 0 0 0
+Otras variaciones 0 0 0 0 0 0
=Incremento (disminucion) neto de efectivo y equivalentes al efectivo 1,384,000 -8,010,000 4,750,000 -2,070,000 2,287,000 -4,730,000

ACTIVO
Activo total 320,400,000 317,344,000 323,888,000 354,054,000 337,158,000 329,840,000
 Activo Corriente 143,753,000 140,065,000 143,713,000 154,106,000 121,465,000 114,423,000
Efectivo e Invers CP 94,051,000 93,025,000 90,943,000 76,826,000 69,834,000 61,696,000
Cuentas por cobrar corrientes 15,722,000 17,882,000 16,120,000 27,101,000 18,503,000 17,475,000
Inventarios corrientes 3,334,000 3,978,000 4,061,000 4,973,000 5,219,000 5,178,000
Otros Activos CP 30,646,000 25,180,000 32,589,000 45,206,000 27,909,000 30,074,000
Inversiones permanent 98,793,000 100,592,000 100,887,000 118,745,000 134,539,000 131,948,000
Propiedades, planta y equipo neto 35,889,000 35,687,000 36,766,000 37,933,000 37,815,000 38,615,000
Intangibles y agio 0 0 0 0 0 0
Otros activos 41,965,000 41,000,000 42,522,000 43,270,000 43,339,000 44,854,000

PASIVO
Pasivo + patrimonio neto 320,400,000 317,344,000 323,888,000 354,054,000 337,158,000 329,840,000
Pasivo total 241,975,000 245,062,000 258,549,000 287,830,000 267,980,000 265,560,000
Pasivo Corriente 96,094,000 95,318,000 105,392,000 132,507,000 106,385,000 107,754,000
Provedores corrientes 32,421,000 35,325,000 42,296,000 63,846,000 40,127,000 40,409,000
Deudas Financieras CP 20,421,000 18,675,000 13,769,000 12,762,000 13,003,000 16,039,000
Otros Pasivos CP 43,252,000 41,318,000 49,327,000 55,899,000 53,255,000 51,306,000
Obligaciones LP 89,086,000 94,048,000 98,667,000 99,281,000 108,642,000 105,752,000
Impuestos Diferidos LP 0 0 0 0 0 0
Otras Obligac Diversas 56,795,000 55,696,000 54,490,000 56,042,000 52,953,000 52,054,000
Patrimonio neto consolidado 78,425,000 72,282,000 65,339,000 66,224,000 69,178,000 64,280,000
Participaciones no controladoras 0 0 0 0 0 0
Patrimonio neto (participacion controladora) 78,425,000 72,282,000 65,339,000 66,224,000 69,178,000 64,280,000
Capital preferencial 0 0 0 0 0 0
Cap comun y adicional 48,032,000 48,696,000 50,779,000 51,744,000 54,203,000 54,989,000
Ganancias (perdidas) acumuladas 33,182,000 24,136,000 14,966,000 14,301,000 15,261,000 9,233,000
Other equity -2,789,000 -550,000 -406,000 179,000 -286,000 58,000

CANT ACCION
Total de acciones outst 4,375,480 4,334,335 17,102,536 17,001,802 16,788,096 16,687,631

DIVERSOS
Reexpres (inibe subtrac) No No No No No No
Fecha del Balance 28/03/2020 27/06/2020 26/09/2020 26/12/2020 27/03/2021 26/06/2021
Fecha de divulgacion (de esta publicacion) 01/05/2020 31/07/2020 30/10/2020 28/01/2021 29/04/2021 28/07/2021
Fecha ult rectificacion hecha por Economatica 02/05/2020 01/08/2020 03/11/2020 29/01/2021 30/04/2021 29/07/2021
Indice utilizado para generar valores de 3 y 12 meses - - - - - -
Formato del balance US Indust US Indust US Indust US Indust US Indust US Indust
Consolidado Si Si Si Si Si Si
Tipo de documento 10-Q 10-Q 10-K 10-Q 10-Q 10-Q
 25/09/2021 25/12/2021 26/03/2022 25/06/2022 24/09/2022 31/12/2022 01/04/2023 01/07/2023

3 3 3 3 3 3 3 3
substracción divulgado divulgado divulgado substracción divulgado divulgado divulgado

83,360,000 123,945,000 97,278,000 82,959,000 90,146,000 117,154,000 94,836,000 81,797,000

48,186,000 69,702,000 54,719,000 47,074,000 52,051,000 66,822,000 52,860,000 45,384,000
35,174,000 54,243,000 42,559,000 35,885,000 38,095,000 50,332,000 41,976,000 36,413,000
11,388,000 12,755,000 12,580,000 12,809,000 13,201,000 14,316,000 13,658,000 13,415,000
0 0 0 0 0 0 0 0
23,786,000 41,488,000 29,979,000 23,076,000 24,894,000 36,016,000 28,318,000 22,998,000
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
-538,000 -247,000 160,000 -10,000 -237,000 -393,000 64,000 -265,000
23,248,000 41,241,000 30,139,000 23,066,000 24,657,000 35,623,000 28,382,000 22,733,000
2,697,000 6,611,000 5,129,000 3,624,000 3,936,000 5,625,000 4,222,000 2,852,000
0 0 0 0 0 0 0 0
20,551,000 34,630,000 25,010,000 19,442,000 20,721,000 29,998,000 24,160,000 19,881,000
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
20,551,000 34,630,000 25,010,000 19,442,000 20,721,000 29,998,000 24,160,000 19,881,000
0 0 0 0 0 0 0 0
20,551,000 34,630,000 25,010,000 19,442,000 20,721,000 29,998,000 24,160,000 19,881,000

3 3 3 3 3 3 3 3
substracción divulgado substracción substracción substracción divulgado substracción substracción

20,200,000 46,966,000 28,166,000 22,892,000 24,127,000 34,005,000 28,560,000 26,380,000

20,551,000 34,630,000 25,010,000 19,442,000 20,721,000 29,998,000 24,160,000 19,881,000
2,989,000 2,697,000 2,737,000 2,805,000 2,865,000 2,916,000 2,898,000 3,052,000
-1,790,000 6,525,000 -2,052,000 -3,225,000 -48,000 -1,497,000 231,000 749,000
-1,550,000 3,114,000 2,471,000 3,870,000 589,000 2,588,000 1,271,000 2,698,000
835,000 -16,106,000 -9,265,000 4,234,000 -1,217,000 -1,445,000 2,319,000 437,000
-3,223,000 -2,803,000 -2,514,000 -2,102,000 -3,289,000 -3,787,000 -2,916,000 -2,093,000
-3,223,000 -2,803,000 -2,514,000 -2,102,000 -3,289,000 -3,787,000 -2,916,000 -2,093,000
0 0 0 0 0 0 0 0
4,588,000 -12,929,000 -6,557,000 6,951,000 2,669,000 2,483,000 5,341,000 3,036,000
-15,657,000 -34,913,000 -27,241,000 -8,193,000 -6,882,000 -5,153,000 -6,044,000 -9,759,000
20,245,000 21,984,000 20,684,000 15,144,000 9,551,000 7,636,000 11,385,000 12,795,000
0 0 0 0 0 0 0 0
-530,000 -374,000 -194,000 -615,000 -597,000 -141,000 -106,000 -506,000
-20,382,000 -28,159,000 -28,351,000 -27,445,000 -26,794,000 -35,563,000 -25,724,000 -24,048,000
3,220,000 -1,000,000 -1,751,000 971,000 1,657,000 -9,615,000 -1,996,000 -283,000
6,470,000 0 0 0 5,465,000 0 0 5,228,000
-1,250,000 0 -3,750,000 -3,000,000 -2,793,000 -1,401,000 -2,250,000 -7,500,000
-2,000,000 -1,000,000 1,999,000 3,971,000 -1,015,000 -8,214,000 254,000 1,989,000
-19,204,000 -20,478,000 -22,631,000 -21,865,000 -24,428,000 -19,475,000 -19,594,000 -17,478,000
544,000 0 0 0 0 0 0 0
-19,748,000 -20,478,000 -22,631,000 -21,865,000 -24,428,000 -19,475,000 -19,594,000 -17,478,000
-3,640,000 -3,732,000 -3,595,000 -3,811,000 -3,703,000 -3,768,000 -3,650,000 -3,849,000
-758,000 -2,949,000 -374,000 -2,740,000 -320,000 -2,705,000 -484,000 -2,438,000
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
653,000 2,701,000 -9,450,000 -319,000 -3,884,000 -3,003,000 5,155,000 2,769,000

351,002,000 381,191,000 350,662,000 336,309,000 352,755,000 346,747,000 332,160,000 335,038,000

134,836,000 153,154,000 118,180,000 112,292,000 135,405,000 128,777,000 112,913,000 122,659,000
62,639,000 63,913,000 51,511,000 48,231,000 48,304,000 51,355,000 55,872,000 62,482,000
26,278,000 30,213,000 20,815,000 21,803,000 28,184,000 23,752,000 17,936,000 19,549,000
6,580,000 5,876,000 5,460,000 5,433,000 4,946,000 6,820,000 7,482,000 7,351,000
39,339,000 53,152,000 40,394,000 36,825,000 53,971,000 46,850,000 31,623,000 33,277,000
127,877,000 138,683,000 141,219,000 131,077,000 120,805,000 114,095,000 110,461,000 104,061,000
39,440,000 39,245,000 39,304,000 40,335,000 42,117,000 42,951,000 43,398,000 43,550,000
0 0 0 0 0 0 0 0
48,849,000 50,109,000 51,959,000 52,605,000 54,428,000 60,924,000 65,388,000 64,768,000

351,002,000 381,191,000 350,662,000 336,309,000 352,755,000 346,747,000 332,160,000 335,038,000

287,912,000 309,259,000 283,263,000 278,202,000 302,083,000 290,020,000 270,002,000 274,764,000
125,481,000 147,574,000 127,508,000 129,873,000 153,982,000 137,286,000 120,075,000 124,963,000
54,763,000 74,362,000 52,682,000 48,343,000 64,115,000 57,918,000 42,945,000 46,699,000
15,613,000 16,169,000 16,658,000 24,991,000 21,110,000 11,483,000 12,574,000 11,209,000
55,105,000 57,043,000 58,168,000 56,539,000 68,757,000 67,885,000 64,556,000 67,055,000
109,106,000 106,629,000 103,323,000 94,700,000 98,959,000 99,627,000 97,041,000 98,071,000
0 0 0 0 0 0 0 0
53,325,000 55,056,000 52,432,000 53,629,000 49,142,000 53,107,000 52,886,000 51,730,000
63,090,000 71,932,000 67,399,000 58,107,000 50,672,000 56,727,000 62,158,000 60,274,000
0 0 0 0 0 0 0 0
63,090,000 71,932,000 67,399,000 58,107,000 50,672,000 56,727,000 62,158,000 60,274,000
0 0 0 0 0 0 0 0
57,365,000 58,424,000 61,181,000 62,115,000 64,849,000 66,399,000 69,568,000 70,667,000
5,562,000 14,435,000 12,712,000 5,289,000 -3,068,000 3,240,000 4,336,000 1,408,000
163,000 -927,000 -6,494,000 -9,297,000 -11,109,000 -12,912,000 -11,746,000 -11,801,000

16,530,166 16,406,397 16,319,441 16,185,181 16,070,752 15,908,118 15,821,946 15,728,702

No No No No No No No No
25/09/2021 25/12/2021 26/03/2022 25/06/2022 24/09/2022 31/12/2022 01/04/2023 01/07/2023
29/10/2021 28/01/2022 29/04/2022 29/07/2022 28/10/2022 03/02/2023 05/05/2023 04/08/2023
01/11/2021 29/01/2022 30/04/2022 30/07/2022 29/10/2022 04/02/2023 06/05/2023 05/08/2023
- - - - - - - -
US Indust US Indust US Indust US Indust US Indust US Indust US Indust US Indust
Si Si Si Si Si Si Si Si
10-K 10-Q 10-Q 10-Q 10-K 10-Q 10-Q 10-Q
 Economatica

30/09/2023 30/12/2023 30/03/2024 29/06/2024 28/09/2024 28/12/2024

3 3 3 3 3 3
substracción divulgado divulgado divulgado substracción divulgado

89,498,000 119,575,000 90,753,000 85,777,000 94,930,000 124,300,000

49,071,000 64,720,000 48,482,000 46,099,000 51,051,000 66,025,000
40,427,000 54,855,000 42,271,000 39,678,000 43,879,000 58,275,000
13,458,000 14,482,000 14,371,000 14,326,000 14,288,000 15,443,000
0 0 0 0 0 0
26,969,000 40,373,000 27,900,000 25,352,000 29,591,000 42,832,000
0 0 0 0 0 0
0 0 0 0 0 0
29,000 -50,000 158,000 142,000 19,000 -248,000
26,998,000 40,323,000 28,058,000 25,494,000 29,610,000 42,584,000
4,042,000 6,407,000 4,422,000 4,046,000 14,874,000 6,254,000
0 0 0 0 0 0
22,956,000 33,916,000 23,636,000 21,448,000 14,736,000 36,330,000
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
22,956,000 33,916,000 23,636,000 21,448,000 14,736,000 36,330,000
0 0 0 0 0 0
22,956,000 33,916,000 23,636,000 21,448,000 14,736,000 36,330,000

3 3 3 3 3 3
substracción divulgado substracción substracción substracción divulgado

21,598,000 39,895,000 22,690,000 28,858,000 26,811,000 29,935,000

22,956,000 33,916,000 23,636,000 21,448,000 14,736,000 36,330,000
2,653,000 2,848,000 2,836,000 2,850,000 2,911,000 3,080,000
-6,060,000 1,123,000 -5,764,000 1,684,000 6,608,000 -10,752,000
2,049,000 2,008,000 1,982,000 2,876,000 2,556,000 1,277,000
2,394,000 1,927,000 -310,000 -127,000 1,445,000 9,792,000
-2,163,000 -2,392,000 -1,996,000 -2,151,000 -2,908,000 -2,940,000
-2,163,000 -2,392,000 -1,996,000 -2,151,000 -2,908,000 -2,940,000
0 0 0 0 0 0
5,141,000 4,603,000 2,131,000 2,412,000 4,544,000 13,335,000
-8,557,000 -9,780,000 -15,262,000 -13,032,000 -10,582,000 -6,124,000
13,698,000 14,383,000 17,393,000 15,444,000 15,126,000 19,459,000
0 0 0 0 0 0
-584,000 -284,000 -445,000 -388,000 -191,000 -603,000
-23,153,000 -30,585,000 -30,433,000 -36,017,000 -24,948,000 -39,371,000
1,993,000 -3,984,000 -3,148,000 -3,253,000 4,387,000 -8,953,000
0 0 0 0 0 0
0 0 -3,150,000 -4,250,000 -2,558,000 -1,009,000
1,993,000 -3,984,000 2,000 997,000 6,945,000 -7,944,000
-21,003,000 -20,139,000 -23,205,000 -26,522,000 -25,083,000 -23,606,000
0 0 0 0 0 0
-21,003,000 -20,139,000 -23,205,000 -26,522,000 -25,083,000 -23,606,000
-3,758,000 -3,825,000 -3,710,000 -3,895,000 -3,804,000 -3,856,000
-385,000 -2,637,000 -370,000 -2,347,000 -448,000 -2,956,000
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
839,000 11,237,000 -8,053,000 -7,286,000 3,308,000 356,000

352,583,000 353,514,000 337,411,000 331,612,000 364,980,000 344,085,000

143,566,000 143,692,000 128,416,000 125,435,000 152,987,000 133,240,000
61,555,000 73,100,000 67,150,000 61,801,000 65,171,000 53,775,000
29,508,000 23,194,000 21,837,000 22,795,000 33,410,000 29,639,000
6,331,000 6,511,000 6,232,000 6,165,000 7,286,000 6,911,000
46,172,000 40,887,000 33,197,000 34,674,000 47,120,000 42,915,000
100,544,000 99,475,000 95,187,000 91,240,000 91,479,000 87,593,000
43,715,000 43,666,000 43,546,000 44,502,000 45,680,000 46,069,000
0 0 0 0 0 0
64,758,000 66,681,000 70,262,000 70,435,000 74,834,000 77,183,000

352,583,000 353,514,000 337,411,000 331,612,000 364,980,000 344,085,000

290,437,000 279,414,000 263,217,000 264,904,000 308,030,000 277,327,000
145,308,000 133,973,000 123,822,000 131,624,000 176,392,000 144,365,000
62,611,000 58,146,000 45,753,000 47,574,000 68,960,000 61,910,000
15,807,000 12,952,000 12,759,000 15,108,000 20,879,000 12,843,000
66,890,000 62,875,000 65,310,000 68,942,000 86,553,000 69,612,000
95,281,000 95,088,000 91,831,000 86,196,000 85,750,000 83,956,000
0 0 0 0 0 0
49,848,000 50,353,000 47,564,000 47,084,000 45,888,000 49,006,000
62,146,000 74,100,000 74,194,000 66,708,000 56,950,000 66,758,000
0 0 0 0 0 0
62,146,000 74,100,000 74,194,000 66,708,000 56,950,000 66,758,000
0 0 0 0 0 0
73,812,000 75,236,000 78,815,000 79,850,000 83,276,000 84,768,000
-214,000 8,242,000 4,339,000 -4,726,000 -19,154,000 -11,221,000
-11,452,000 -9,378,000 -8,960,000 -8,416,000 -7,172,000 -6,789,000

15,634,232 15,552,752 15,441,881 15,334,082 15,204,137 15,115,823

No No No No No No
30/09/2023 30/12/2023 30/03/2024 29/06/2024 28/09/2024 28/12/2024
03/11/2023 02/02/2024 03/05/2024 02/08/2024 01/11/2024 31/01/2025
04/11/2023 03/02/2024 04/05/2024 03/08/2024 02/11/2024 01/02/2025
- - - - - -
US Indust US Indust US Indust US Indust US Indust US Indust
Si Si Si Si Si Si
10-K 10-Q 10-Q 10-Q 10-K 10-Q
Apple Inc Com
En Dollar US

Consolidado 28/03/2020 27/06/2020 26/09/2020 26/12/2020 27/03/2021 26/06/2021

Meses 3 3 3 3 3 3

DATOS POR ACCION

UPA Utilidad por Accion$ 0.6409241731 0.64794317836 0.73915612372 1.6895653617 1.4046341938 1.3016499109
VLA Valor Lib p/ Accion$ 4.4809369486 4.1691516692 3.820427567 3.8951165294 4.1206578757 3.8519547802
Ventas por Accion $ 3.3224474447 3.4366381054 3.7735282011 6.547851655 5.3251269412 4.8748417422
EBITDA por Accion $ 0.89104926154 0.91223351771 1.0193507121 2.1270132531 1.8011179041 1.6137729165
UPA Basico Oper Contin 0.645 0.6525 0.7475 1.7 1.41 1.31
UPA Basico Neto $ 0.645 0.6525 0.7475 1.7 1.41 1.31
UPA Diluido Oper Contin 0.6375 0.645 0.74 1.68 1.4 1.3
UPA Diluido Neto $ 0.6375 0.645 0.74 1.68 1.4 1.3

ESTRUCTURA DE CAPITAL
Deuda Total Neta $ 15456000000 19698000000 21493000000 35217000000 51811000000 60095000000
Deuda Total Bruta $ 109507000000 112723000000 112436000000 112043000000 121645000000 121791000000
Deuda Bruta / Act Tt % 34.2 35.5 34.7 31.6 36.1 36.9
Deuda Bruta / Pat Net % 139.6 155.9 172.1 169.2 175.8 189.5
Deuda Neta / Patr Neto % 19.7 27.3 32.9 53.2 74.9 93.5
Estr Cap (D/D+Pat Liq) % 58.3 60.9 63.2 62.9 63.7 65.5
EBIT / Deuda Bruta % 11.7 11.6 13.1 29.9 22.6 19.8
EBIT / Deuda Neta % 83.2 66.5 68.7 95.2 53.1 40.1
EBIT / Gast Fin Net x - - - - - -
Deuda Bruta / Ebitda x 7.0 7.1 6.4 3.1 4.0 4.5
Deuda neta / Ebitda x 1.0 1.2 1.2 1.0 1.7 2.2
Deuda CP / Deuda Total % 18.6 16.6 12.2 11.4 10.7 13.2
Pasivo Tt / Activo Tt % 75.5 77.2 79.8 81.3 79.5 80.5
Pasivo Tot / Patr Neto % 308.5 339.0 395.7 434.6 387.4 413.1
Pasivo Tt / Ventas % 415.0 410.6 399.6 258.3 299.1 326.1
Activo Fijo / Pat Neto % 45.8 49.4 56.3 57.3 54.7 60.1

LIQUIDEZ
Liquidez Corriente x 1.5 1.5 1.4 1.2 1.1 1.1
Liquidez Acida x 1.5 1.4 1.3 1.1 1.1 1.0
Capital de Trabajo $ 47659000000 44747000000 38321000000 21599000000 15080000000 6669000000
Capital Employed $ 244727000000 240701000000 232265000000 234309000000 243776000000 238125000000

CICLO
Plazo Promed Invent dias 8.3 9.7 9.1 6.7 9.1 10.1
Plazo Promed Proved dias 81.2 85.9 95.1 85.6 70.1 78.8
Plazo Promed Cobro(dias) 24.3 27.0 22.4 21.9 18.6 19.3
Ciclo Financiero (dias) -48.6 -49.3 -63.6 -57.1 -42.4 -49.3
Ciclo Operativo (dias) 32.6 36.6 31.6 28.6 27.7 29.4

RENTABILIDAD
EBITDA $ 15639000000 15843000000 17477000000 36200000000 30300000000 26958000000
UtilAntesImp + DespFin $ 13135000000 13137000000 14901000000 33579000000 28011000000 24369000000
Margen Bruto % 38.4 38.0 38.2 39.8 42.5 43.3
Margen EBIT % 22.0 21.9 22.8 30.1 30.7 29.6
Margen Neto % 19.3 18.9 19.6 25.8 26.4 26.7
Margen Ebitda % 26.8 26.5 27.0 32.5 33.8 33.1
ROA Rentab del Actvo% 3.5 3.5 3.9 8.1 7.0 6.6
ROE Rent Pat(pat final)% 14.3 15.6 19.4 43.4 34.2 33.8
ROE Rent Pat (pat prom)% 13.4 14.9 18.4 43.7 34.9 32.6
ROE Rent Pat (pat inic)% 12.6 14.3 17.5 44.0 35.7 31.4
ROIC (IC fin) % 6.7 7.0 8.3 16.8 12.5 10.8
ROIC (IC prom) % 6.8 6.9 8.1 17.7 13.1 10.9
ROIC (IC inicial) % 6.9 6.9 7.9 18.7 13.8 11.0
Invested Capital $ 150676000000 147676000000 141322000000 157483000000 173942000000 176429000000
OTROS
Capex (incl invers) $ -9309000000 4902000000 -5633000000 8788000000 10164000000 -3650000000
Capex (excl invers) $ 1853000000 1565000000 1784000000 3500000000 2269000000 2093000000
Depreciacion y amortiz $ 2786000000 2752000000 2702000000 2666000000 2797000000 2832000000
Capex (inc inv)/Deprec % -334.1 178.1 -208.5 329.6 363.4 -128.9
Capex (exc inv)/Deprec % 66.5 56.9 66.0 131.3 81.1 73.9
Deprec/ ActFij y Intang% 7.5 7.7 7.6 7.3 7.4 7.5
Flujo de caja libre $ 22620000000 11369000000 26209000000 29975000000 13817000000 24744000000
 25/09/2021 25/12/2021 26/03/2022 25/06/2022 24/09/2022 31/12/2022 01/04/2023 01/07/2023
3 3 3 3 3 3 3 3

1.241203651 2.1081730253 1.5312801016 1.1996023496 1.2878681484 1.8829837292 1.5252584996 1.262368074

3.8166585865 4.3843873826 4.1299821483 3.5901359398 3.1530571811 3.5659152139 3.9285938658 3.8321026109
5.0346326869 7.5454087677 5.9560122239 5.1187023619 5.6028262202 7.3537927797 5.9871446633 5.1937991725
1.6171100071 2.6898534544 2.0030931548 1.5968988998 1.7252995479 2.4437736697 1.9707147898 1.6540761696
1.25 2.11 1.54 1.2 1.29 1.89 1.53 1.27
1.25 2.11 1.54 1.2 1.29 1.89 1.53 1.27
1.23 2.1 1.52 1.2 1.29 1.88 1.52 1.26
1.23 2.1 1.52 1.2 1.29 1.88 1.52 1.26

62080000000 58885000000 68470000000 71460000000 71765000000 59755000000 53743000000 46798000000

124719000000 122798000000 119981000000 119691000000 120069000000 111110000000 109615000000 109280000000
35.5 32.2 34.2 35.6 34.0 32.0 33.0 32.6
197.7 170.7 178.0 206.0 237.0 195.9 176.3 181.3
98.4 81.9 101.6 123.0 141.6 105.3 86.5 77.6
66.4 63.1 64.0 67.3 70.3 66.2 63.8 64.5
19.1 33.8 25.0 19.3 20.7 32.4 25.8 21.0
38.3 70.5 43.8 32.3 34.7 60.3 52.7 49.1
- - - - - - - -
4.7 2.8 3.7 4.6 4.3 2.9 3.5 4.2
2.3 1.3 2.1 2.8 2.6 1.5 1.7 1.8
12.5 13.2 13.9 20.9 17.6 10.3 11.5 10.3
82.0 81.1 80.8 82.7 85.6 83.6 81.3 82.0
456.4 429.9 420.3 478.8 596.2 511.3 434.4 455.9
345.4 249.5 291.2 335.3 335.1 247.6 284.7 335.9
62.5 54.6 58.3 69.4 83.1 75.7 69.8 72.3

1.1 1.0 0.9 0.9 0.9 0.9 0.9 1.0

1.0 1.0 0.9 0.8 0.8 0.9 0.9 0.9
9355000000 5580000000 -9328000000 -17581000000 -18577000000 -8509000000 -7162000000 -2304000000
241134000000 249786000000 239812000000 231427000000 219883000000 220944000000 224659000000 221284000000

12.3 7.6 9.0 10.4 8.6 9.2 12.7 14.6

102.3 96.0 86.6 92.4 110.9 78.0 73.1 92.6
28.4 21.9 19.3 23.7 28.1 18.2 17.0 21.5
-61.6 -66.5 -58.4 -58.4 -74.2 -50.6 -43.4 -56.5
40.7 29.5 28.2 34.0 36.7 27.4 29.8 36.1

26775000000 44185000000 32716000000 25881000000 27759000000 38932000000 31216000000 26050000000

23248000000 41241000000 30139000000 23066000000 24657000000 35623000000 28382000000 22733000000
42.2 43.8 43.7 43.3 42.3 43.0 44.3 44.5
28.5 33.5 30.8 27.8 27.6 30.7 29.9 28.1
24.7 27.9 25.7 23.4 23.0 25.6 25.5 24.3
32.1 35.6 33.6 31.2 30.8 33.2 32.9 31.8
5.9 9.1 7.1 5.8 5.9 8.7 7.3 5.9
32.6 48.1 37.1 33.5 40.9 52.9 38.9 33.0
32.3 51.3 35.9 31.0 38.1 55.9 40.6 32.5
32.0 54.9 34.8 28.8 35.7 59.2 42.6 32.0
10.5 17.6 12.6 10.0 11.5 16.8 13.3 11.4
10.6 18.0 12.7 9.8 11.1 16.7 13.2 11.1
10.7 18.4 12.7 9.7 10.7 16.6 13.2 10.8
178495000000 185873000000 188301000000 183196000000 171579000000 169589000000 168787000000 158802000000
-1365000000 15732000000 9071000000 -4849000000 620000000 1304000000 -2425000000 -943000000
3223000000 2803000000 2514000000 2102000000 3289000000 3787000000 2916000000 2093000000
2989000000 2697000000 2737000000 2805000000 2865000000 2916000000 2898000000 3052000000
-45.7 583.3 331.4 -172.9 21.6 44.7 -83.7 -30.9
107.8 103.9 91.9 74.9 114.8 129.9 100.6 68.6
7.7 6.8 7.0 7.1 7.1 6.9 6.7 7.0
21565000000 31234000000 19095000000 27741000000 23507000000 32701000000 30985000000 27323000000
 Economatica

30/09/2023 30/12/2023 30/03/2024 29/06/2024 28/09/2024 28/12/2024

3 3 3 3 3 3

1.466390214 2.178324561 1.5284477257 1.3967504764 0.96755601365 2.4007625399

3.9749953819 4.764430115 4.8047255383 4.3503093305 3.7456910576 4.4164317087
5.7169799343 7.6799492681 5.8686417519 5.586025066 6.2330410136 8.2140045061
1.8922029499 2.7759572429 1.9875769714 1.8365888165 2.1340598233 3.0339611817
1.47 2.19 1.53 1.4 0.98 2.41
1.47 2.19 1.53 1.4 0.98 2.41
1.46 2.18 1.53 1.4 0.97 2.4
1.46 2.18 1.53 1.4 0.97 2.4

49533000000 34940000000 37440000000 39503000000 41458000000 43024000000

111088000000 108040000000 104590000000 101304000000 106629000000 96799000000
31.5 30.6 31.0 30.5 29.2 28.1
178.8 145.8 141.0 151.9 187.2 145.0
79.7 47.2 50.5 59.2 72.8 64.4
64.1 59.3 58.5 60.3 65.2 59.2
24.3 37.4 26.7 25.0 27.8 44.2
54.4 115.5 74.5 64.2 71.4 99.6
- - - - - -
3.8 2.5 3.4 3.6 3.3 2.1
1.7 0.8 1.2 1.4 1.3 0.9
14.2 12.0 12.2 14.9 19.6 13.3
82.4 79.0 78.0 79.9 84.4 80.6
467.3 377.1 354.8 397.1 540.9 415.4
324.5 233.7 290.0 308.8 324.5 223.1
70.3 58.9 58.7 66.7 80.2 69.0

1.0 1.1 1.0 1.0 0.9 0.9

0.9 1.0 1.0 0.9 0.8 0.9
-1742000000 9719000000 4594000000 -6189000000 -23405000000 -11125000000
223082000000 232493000000 226348000000 215096000000 209467000000 212563000000

11.6 9.1 11.6 12.0 12.8 9.4

114.8 80.9 84.9 92.9 121.6 84.4
29.7 17.5 21.7 23.9 31.7 21.5
-73.5 -54.3 -51.7 -56.9 -77.1 -53.5
41.3 26.5 33.2 36.0 44.5 30.9

29622000000 43221000000 30736000000 28202000000 32502000000 45912000000

26998000000 40323000000 28058000000 25494000000 29610000000 42584000000
45.2 45.9 46.6 46.3 46.2 46.9
30.1 33.8 30.7 29.6 31.2 34.5
25.6 28.4 26.0 25.0 15.5 29.2
33.1 36.1 33.9 32.9 34.2 36.9
6.5 9.6 7.0 6.5 4.0 10.6
36.9 45.8 31.9 32.2 25.9 54.4
37.5 49.8 31.9 30.4 23.8 58.7
38.1 54.6 31.9 28.9 22.1 63.8
13.2 20.0 13.8 13.1 16.2 21.3
13.3 19.9 13.8 12.8 15.7 22.3
13.4 19.7 13.8 12.6 15.2 23.4
161527000000 159393000000 159198000000 153295000000 144296000000 158788000000
-2978000000 -2211000000 -135000000 -261000000 -1636000000 -10395000000
2163000000 2392000000 1996000000 2151000000 2908000000 2940000000
2653000000 2848000000 2836000000 2850000000 2911000000 3080000000
-112.3 -77.6 -4.8 -9.2 -56.2 -337.5
81.5 84.0 70.4 75.5 99.9 95.5
6.1 6.5 6.5 6.5 6.5 6.7
24576000000 42106000000 22825000000 29119000000 28447000000 40330000000
Apple Inc Com
en millones de Dollar US

Proyección del Flujo de Caja Libre de la Empresa

Cost y Imp.
Ventas EBIT NOPAT
Fecha gast op a la renta
+ - = - =
30/09/2020 333,329 252,839 80,490 16,903 63,587
Histórico

30/09/2021 422,031 296,340 125,691 26,395 99,296

30/09/2022 420,203 292,929 127,274 26,728 100,547
30/09/2023 393,018 275,815 117,204 24,613 92,591
30/09/2024 392,040 268,507 123,533 25,942 97,591
30/09/2025 410,237 285,494 124,743 26,196 98,547
30/09/2026 429,278 296,456 132,822 27,893 104,930
30/09/2027 449,203 308,248 140,955 29,601 111,354
30/09/2028 470,053 320,865 149,188 31,330 117,859
Proyectado

30/09/2029 491,871 334,305 157,566 33,089 124,477

30/09/2030 514,702 348,574 166,128 34,887 131,241
30/09/2031 538,592 363,680 174,912 36,731 138,180
30/09/2032 563,591 379,638 183,953 38,630 145,323
30/09/2033 589,750 396,467 193,283 40,589 152,694
30/09/2034 617,124 414,188 202,936 42,616 160,319
Perpetuidad: flujo crecerá 0.0% al año
Tasa de impuesto: 21%
Valores en moneda de hoy

Proyección del WACC

Premio Beta Ajuste empresa

Fecha Risk free real % Ajuste acción %
mercado % apalancado %
30/09/2025 2.0 6.0 1.16 0.0 0.0
30/09/2026 2.0 6.0 1.16 0.0 0.0
30/09/2027 2.0 6.0 1.16 0.0 0.0
30/09/2028 2.0 6.0 1.16 0.0 0.0
Proyectado

30/09/2029 2.0 6.0 1.16 0.0 0.0

30/09/2030 2.0 6.0 1.16 0.0 0.0
30/09/2031 2.0 6.0 1.16 0.0 0.0
30/09/2032 2.0 6.0 1.16 0.0 0.0
30/09/2033 2.0 6.0 1.16 0.0 0.0
30/09/2034 2.0 6.0 1.16 0.0 0.0

Determinación del Target Price

Valor presente del flujo excepto perpetuidad + 839,411

Valor presente del flujo en la perpetuidad + 882,858
Valor presente del flujo total = 1,722,269
Inversiones en empresas no consolidadas + 0
Intereses minoritarios en las consolidadas - 0
Otros ajustes + 0
Firm value objetivo = 1,722,269
Deuda actual - 96,833
Caja actual + 53,794
Market Cap Objetivo = 1,679,230
Cantidad de acciones (millones) / 15,022

Target Price de la acción = 111.784

Precio Actual 233.220 06/02/2025
Upside (%) -52.1
 Economatica
07/02/2025

Inv cap Flj cja

Depr Capex
trab lib emp
+ - - =
13,425 4,247 -3,229 75,994
13,018 16,079 1,582 94,653
11,833 21,924 -7,747 98,202
11,812 -5,170 5,566 104,006
11,474 -4,254 -885 114,204
12,239 5,798 -1,294 106,282
10,518 4,983 -1,375 111,840
9,039 4,282 -1,439 117,550
7,768 3,680 -1,506 123,452
6,675 3,162 -1,576 129,565
5,736 2,718 -1,649 135,908
4,930 2,335 -1,725 142,500
4,236 2,007 -1,805 149,357
3,641 1,725 -1,889 156,499
3,129 1,482 -1,977 163,942

Ke real % Kd real % D / (D+E) % WACC real %

9.0 -3.6 4.2 8.5

9.0 -3.6 4.2 8.5
9.0 -3.6 4.2 8.5
9.0 -3.6 4.2 8.5
9.0 -3.6 4.2 8.5
9.0 -3.6 4.2 8.5
9.0 -3.6 4.2 8.5
9.0 -3.6 4.2 8.5
9.0 -3.6 4.2 8.5
9.0 -3.6 4.2 8.5