DeagolModel_F10Q2.xlsx
3mo ending Mar-2010 Rev($M) EPS($)
------------------- ------- ------
Apple guidance 11,200 2.12
Analysts consensus 11,960 2.44
Deagol estimates 12,594 2.77
3mo ending Jun-2010 Rev($M) EPS($)
------------------- ------- ------
Apple guidance (e) 13.200 2.40
Analysts consensus 12,913 2.63
Deagol estimates 14,675 3.21
12mo ending Sep-2010 Rev($M) EPS($)
-------------------- ------- ------
Analysts consensus 55,091 12.01
Deagol estimates 59,721 13.66
Valuation (12mo beginning on) EPS(e) PPS(25x)
----------------------------- ------ --------
Trailing (Apr-2009) 11.22 281
Fair value (Apr-2010) 15.72 393
1yr target (Apr-2011) 19.82 495
Revenue breakdown:
Mac 3,893 ( 2.95M @ $1,320)
iPhone 4,764 ( 7.50M @ $ 635)
iPod 1,681 (10.40M @ $ 162)
Music 1,238
Software 608
Periph 412
-------- ------
Total 12,594
Income statement:
Revenue 12,594
COGS 7,367
GM 5,227
OpEx 1,631
OpInc 3,595
OI&E 35
Pre-tax 3,631
Tax 1,089
NetInc 2,541
Shrs. 918
EPS 2.77
Ratios:
GM% 41.5%
OpInc% 28.5%
Tax% 30.0%
NetInc% 20.2%




