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 30,205 - -
Change - -19.95% 52.51% -13.15% 19.61% 40.8% - -
Enterprise Value (EV) 1 15,417 12,859 19,790 17,324 20,355 28,723 28,063 28,272
Change - -16.59% 53.9% -12.46% 17.5% 41.11% -2.3% 0.74%
P/E 18.6x 10.9x 21.6x 15.6x 17.1x 21.6x 19.2x 18x
PBR 20.1x 12x 18.2x 17.3x 16x 17.5x 13x 10.5x
PEG - 0.3x -1.1x 0.7x 1.4x 1.7x 1.5x 2.62x
Capitalization / Revenue 2.68x 2.13x 3.29x 2.73x 3.1x 4.04x 3.83x 3.63x
EV / Revenue 2.44x 2.02x 3.16x 2.64x 2.94x 3.84x 3.56x 3.39x
EV / EBITDA 9.3x 7.2x 10.2x 8.23x 8.9x 11.9x 11.1x 10.3x
EV / EBIT 10.3x 8.36x 11.8x 9.3x 9.75x 12.9x 11.7x 11.1x
EV / FCF 15.7x 14.8x 12.9x 12.9x 10.9x 16x 14.5x -
FCF Yield 6.39% 6.75% 7.73% 7.72% 9.18% 6.26% 6.91% -
Dividend per Share 2 2 2 2 2.08 2.08 2.093 2.173 2.396
Rate of return 2.63% 3.16% 2% 2.36% 1.91% 1.36% 1.41% 1.55%
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% 27.9%
Net sales 1 6,318 6,362 6,268 6,572 6,925 7,476 7,888 8,332
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 2,403 2,548
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 88.17 108.71 154.17 154.17 154.17
Nbr of stocks (in thousands) 222,536 213,905 206,377 203,412 197,330 195,920 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.59x3.84x11.87x1.36% 30.2B
26.13x12.66x20.68x-.--% 258B
31.03x14.34x36.01x0.09% 186B
77.49x4.92x21.74x-.--% 24.17B
15.91x - - - 18.28B
6.31x2.06x3.95x8.09% 4.93B
12.81x - - - 505M
Average 27.32x 7.57x 18.85x 1.91% 74.61B
Weighted average by Cap. 29.43x 12.28x 25.70x 0.19%

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

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