🚀 go-pugleaf

don winsby wrote:
> 

> 
> From Hoovers Company profiles:
> 
> Apple:
> 
>                            1991   1992    1993   1994
> Sales ($ mil.)            6,309  7,087   7,977  9,189
> Net income ($ mil.)         310    530      87    310
> Income as % of sales       4.9%   7.5%    1.1%   3.4%
> Earnings per share ($)     2.58   4.33    0.73   2.61
> Stock price - high ($)    73.25  70.00   65.25  43.75
> Stock price - low ($)     40.25  41.50   22.00  24.63
> Stock price - close ($)   56.38  59.75   29.25  39.00
> P/E - high                   28     16      89     17
> P/E - low                    16     10      30      9
> Dividends per share ($)    0.48   0.48    0.48   0.48
> Book value per share ($)  14.92  18.46   17.45  19.94
> Employees                14,432 14,798  14,938 14,592
> 
> 1994 Year-end:
> Debt ratio: 20.0%
> Return on equity: 14.1%
> Cash (mil.): $1,258
> Current ratio: 2.30
> Long-term debt (mil.): $304
> No. of shares (mil.): 120
> Dividends
>   Yield: 1.2%
>   Payout: 18.4%
> Market value (mil.): $4,662
> 
> vs. Microsoft:
> 
>                           1991   1992   1993   1994
> Sales ($ mil.)           1,843  2,759  3,753  4,649
> Net income ($ mil.)        463    708    953  1,146
> Income as % of sales     25.1%  25.7%  25.4%  24.7%
> Earnings per share ($)    0.83   1.21   1.58   1.88
> Stock price - high ($)   37.35  47.50  49.00  65.13
> Stock price - low ($)    16.24  32.75  35.19  39.00
> Stock price - close ($)  37.10  42.69  40.31  61.13
> P/E - high                  45     39     31     35
> P/E - low                   20     27     22     21
> Dividends per share ($)   0.00   0.00   0.00   0.00
> Book value per share ($)  2.59   4.03   5.75   7.66
> Employees                8,226 11,542 14,430 15,257
> 
> 1994 YEAR-END:
> Debt ratio: 0.0%
> Return on equity: 29.8%
> Cash (mil.): $3,614
> Current ratio: 4.72
> Long-term debt (mil.): $0
> No. of shares (mil.): 581
> Dividends
>   Yield: -
>   Payout: -
> Market value (mil.): $35,514
> 
> Note: Apple's sales are more than TWICE Microsoft's. Microsofts Earnings
> are three times Apple's and Microsoft's market value is appr. 8 times Apple's.

I won't go into stack market valuations with you here, but your table was missing
two key facts, profit margin and predicted earnings growth (that is what counts more 
than revenue). Apple can sell all the computers in the world, but if it is not making 
much money on the revuenue because of low margins then that does not help it any.