Company Valuation: NetApp, Inc.

Data adjusted to current consolidation scope
Fiscal Period: April 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 16,915 13,540 20,650 17,935 21,452 34,141 - -
Change - -19.95% 52.51% -13.15% 19.61% 59.15% - -
Enterprise Value (EV) 1 15,417 12,859 19,790 17,324 20,355 32,659 31,999 32,208
Change - -16.59% 53.9% -12.46% 17.5% 60.45% -2.02% 0.65%
P/E 18.6x 10.9x 21.6x 15.6x 17.1x 24.4x 21.7x 20.3x
PBR 20.1x 12x 18.2x 17.3x 16x 19.8x 14.8x 11.8x
PEG - 0.3x -1.1x 0.7x 1.4x 2x 1.7x 2.96x
Capitalization / Revenue 2.68x 2.13x 3.29x 2.73x 3.1x 4.57x 4.33x 4.12x
EV / Revenue 2.44x 2.02x 3.16x 2.64x 2.94x 4.37x 4.06x 3.89x
EV / EBITDA 9.3x 7.2x 10.2x 8.23x 8.9x 13.5x 12.7x 11.8x
EV / EBIT 10.3x 8.36x 11.8x 9.3x 9.75x 14.7x 13.3x 12.7x
EV / FCF 15.7x 14.8x 12.9x 12.9x 10.9x 18.2x 16.6x 15.6x
FCF Yield 6.39% 6.75% 7.73% 7.72% 9.18% 5.51% 6.04% 6.4%
Dividend per Share 2 2 2 2 2.08 2.08 2.093 2.173 2.317
Rate of return 2.63% 3.16% 2% 2.36% 1.91% 1.2% 1.25% 1.33%
EPS 2 4.09 5.79 4.63 5.67 6.35 7.14 8.026 8.577
Distribution rate 48.9% 34.5% 43.2% 36.7% 32.8% 29.3% 27.1% 27%
Net sales 1 6,318 6,362 6,268 6,572 6,925 7,478 7,889 8,287
EBITDA 1 1,657 1,787 1,937 2,105 2,288 2,419 2,520 2,734
EBIT 1 1,496 1,539 1,682 1,862 2,088 2,223 2,402 2,532
Net income 1 937 1,274 986 1,186 1,276 1,404 1,545 1,685
Net Debt 1 -1,498 -681 -860 -611 -1,097 -1,482 -2,141 -1,933
Reference price 2 76.01 63.30 100.06 88.17 108.71 173.98 173.98 173.98
Nbr of stocks (in thousands) 222,536 213,905 206,377 203,412 197,330 196,234 - -
Announcement Date 1/6/22 31/5/23 30/5/24 29/5/25 28/5/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.3x14.15x35.46x0.09% 184B
19.26x9.13x14.74x-.--% 190B
79.99x5.1x22.5x-.--% 24.95B
8.48x - - - 9.78B
4.55x1.42x2.72x11.21% 3.5B
19.2x1.08x7.73x1.23% 410M
9.81x - - - 380M
Average 24.65x 6.18x 16.63x 2.51% 58.9B
Weighted average by Cap. 27.91x 11.10x 24.58x 0.14%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield