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 36,668 - -
Change - -19.95% 52.51% -13.15% 19.61% 70.93% - -
Enterprise Value (EV) 1 15,417 12,859 19,790 17,324 20,355 35,073 34,378 33,980
Change - -16.59% 53.9% -12.46% 17.5% 72.31% -1.98% -1.16%
P/E 18.6x 10.9x 21.6x 15.6x 17.1x 26.1x 23.2x 21.8x
PBR 20.1x 12x 18.2x 17.3x 16x 21x 15x 11.3x
PEG - 0.3x -1.1x 0.7x 1.4x 2.1x 1.9x 3.31x
Capitalization / Revenue 2.68x 2.13x 3.29x 2.73x 3.1x 4.87x 4.6x 4.32x
EV / Revenue 2.44x 2.02x 3.16x 2.64x 2.94x 4.65x 4.31x 4x
EV / EBITDA 9.3x 7.2x 10.2x 8.23x 8.9x 14.3x 13.1x 11.9x
EV / EBIT 10.3x 8.36x 11.8x 9.3x 9.75x 15.6x 14x 12.5x
EV / FCF 15.7x 14.8x 12.9x 12.9x 10.9x 19.7x 17.4x 16.5x
FCF Yield 6.39% 6.75% 7.73% 7.72% 9.18% 5.08% 5.74% 6.07%
Dividend per Share 2 2 2 2 2.08 2.08 2.106 2.175 2.296
Rate of return 2.63% 3.16% 2% 2.36% 1.91% 1.13% 1.16% 1.23%
EPS 2 4.09 5.79 4.63 5.67 6.35 7.155 8.047 8.577
Distribution rate 48.9% 34.5% 43.2% 36.7% 32.8% 29.4% 27% 26.8%
Net sales 1 6,318 6,362 6,268 6,572 6,925 7,536 7,969 8,488
EBITDA 1 1,657 1,787 1,937 2,105 2,288 2,455 2,622 2,863
EBIT 1 1,496 1,539 1,682 1,862 2,088 2,250 2,451 2,726
Net income 1 937 1,274 986 1,186 1,276 1,407 1,549 1,685
Net Debt 1 -1,498 -681 -860 -611 -1,097 -1,596 -2,291 -2,688
Reference price 2 76.01 63.30 100.06 88.17 108.71 186.86 186.86 186.86
Nbr of stocks (in thousands) 222,536 213,905 206,377 203,412 197,330 196,234 - -
Announcement Date 6/1/22 5/31/23 5/30/24 5/29/25 5/28/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
6.84x3.75x4.66x-.--% 219B
22.35x7.96x15.39x0.14% 157B
26.11x4.65x14.29x1.13% 36.67B
109.71x6.97x30.6x-.--% 33.39B
9.21x - - - 10.69B
6.06x1.97x3.77x8.43% 4.75B
Average 30.05x 5.06x 13.74x 1.94% 76.85B
Weighted average by Cap. 21.15x 5.51x 11.10x 0.23%

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