Financials NetApp, Inc.

Equities

NTAP

US64110D1046

Computer Hardware

Market Closed - Nasdaq 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
101.3 USD +0.39% Intraday chart for NetApp, Inc. +3.45% +14.94%

Valuation

Fiscal Period: April 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 17,757 9,349 17,051 16,690 13,452 20,912 - -
Enterprise Value (EV) 1 15,651 8,135 15,087 15,192 12,771 20,606 20,086 19,548
P/E ratio 15.9 x 12 x 23.7 x 18.3 x 10.9 x 22 x 20.4 x 17.9 x
Yield 2.23% 4.54% 2.51% 2.67% 3.18% 1.97% 2.06% 2.19%
Capitalization / Revenue 2.89 x 1.73 x 2.97 x 2.64 x 2.11 x 3.34 x 3.21 x 3.07 x
EV / Revenue 2.55 x 1.5 x 2.63 x 2.4 x 2.01 x 3.3 x 3.08 x 2.87 x
EV / EBITDA 9.88 x 6.37 x 11.2 x 9.17 x 7.15 x 10.7 x 10.4 x 9.53 x
EV / FCF 13.4 x 8.69 x 12.9 x 15.4 x 14.7 x 17.1 x 15 x 13.7 x
FCF Yield 7.46% 11.5% 7.76% 6.48% 6.8% 5.85% 6.66% 7.31%
Price to Book 17.1 x 40.7 x 24.8 x 19.9 x 11.9 x 17.8 x 13.8 x 10.8 x
Nbr of stocks (in thousands) 246,975 221,177 222,601 222,536 213,905 206,377 - -
Reference price 2 71.90 42.27 76.60 75.00 62.89 101.3 101.3 101.3
Announcement Date 5/22/19 5/27/20 6/2/21 6/1/22 5/31/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: April 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,146 5,412 5,744 6,318 6,362 6,253 6,517 6,808
EBITDA 1 1,584 1,277 1,342 1,657 1,787 1,925 1,937 2,051
EBIT 1 1,387 1,123 1,184 1,496 1,539 1,674 1,730 1,836
Operating Margin 22.57% 20.75% 20.61% 23.68% 24.19% 26.78% 26.54% 26.96%
Earnings before Tax (EBT) 1 1,268 944 962 1,095 1,066 1,234 1,296 1,434
Net income 1 1,169 819 730 937 1,274 973 1,038 1,174
Net margin 19.02% 15.13% 12.71% 14.83% 20.03% 15.56% 15.93% 17.24%
EPS 2 4.510 3.520 3.230 4.090 5.790 4.604 4.967 5.650
Free Cash Flow 1 1,168 936 1,171 985 868 1,205 1,338 1,429
FCF margin 19% 17.29% 20.39% 15.59% 13.64% 19.27% 20.53% 20.98%
FCF Conversion (EBITDA) 73.74% 73.3% 87.26% 59.44% 48.57% 62.6% 69.09% 69.67%
FCF Conversion (Net income) 99.91% 114.29% 160.41% 105.12% 68.13% 123.88% 128.87% 121.68%
Dividend per Share 2 1.600 1.920 1.920 2.000 2.000 1.999 2.086 2.218
Announcement Date 5/22/19 5/27/20 6/2/21 6/1/22 5/31/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Aprile 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Net sales 1 1,566 1,614 1,680 1,592 1,663 1,526 1,581 1,432 1,562 1,606 1,652 1,519 1,621 1,662 1,711
EBITDA 1 410 442 423 418 452 437 480 373 483 548 523 405.1 477.7 522.1 522.2
EBIT 1 374 404 382 360 393 372 414 309 419 485 460.5 366.5 427.8 463.5 477.7
Operating Margin 23.88% 25.03% 22.74% 22.61% 23.63% 24.38% 26.19% 21.58% 26.82% 30.2% 27.87% 24.13% 26.4% 27.9% 27.91%
Earnings before Tax (EBT) 1 280 306 272 270 305 177 314 186 315 382 353 285.8 320 340 357.3
Net income 1 224 252 259 214 750 65 245 149 233 313 281 203 257.7 285.9 300.2
Net margin 14.3% 15.61% 15.42% 13.44% 45.1% 4.26% 15.5% 10.41% 14.92% 19.49% 17.01% 13.36% 15.9% 17.21% 17.54%
EPS 2 0.9800 1.100 1.140 0.9600 3.410 0.3000 1.130 0.6900 1.100 1.480 1.334 0.9674 1.229 1.368 1.442
Dividend per Share 2 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000 - - 0.5000 0.5000 0.5375 0.5375 0.5375 0.5500
Announcement Date 11/30/21 2/23/22 6/1/22 8/24/22 11/29/22 2/22/23 5/31/23 8/23/23 11/28/23 2/29/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: Aprile 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 2,106 1,214 1,964 1,498 681 307 826 1,364
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 1,168 936 1,171 985 868 1,205 1,338 1,429
ROE (net income / shareholders' equity) 69.6% 123% 198% 159% 123% 118% 107% 118%
ROA (Net income/ Total Assets) 12.5% 11.6% 8.65% 9.67% 12.8% 14.1% 14% 14.3%
Assets 1 9,350 7,055 8,441 9,693 9,922 6,899 7,418 8,238
Book Value Per Share 2 4.210 1.040 3.090 3.780 5.270 5.690 7.330 9.400
Cash Flow per Share 2 5.180 4.550 5.900 5.290 5.030 6.180 8.020 -
Capex 1 173 124 162 226 239 149 166 173
Capex / Sales 2.81% 2.29% 2.82% 3.58% 3.76% 2.38% 2.55% 2.53%
Announcement Date 5/22/19 5/27/20 6/2/21 6/1/22 5/31/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
20
Last Close Price
101.3 USD
Average target price
105.2 USD
Spread / Average Target
+3.81%
Consensus
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