Projected Income Statement: NetApp, Inc.

Forecast Balance Sheet: NetApp, Inc.

Fiscal Period: April 2022 2023 2024 2025 2026 2027 2028 2029
Net Debt 1 -1,498 -681 -860 -611 -1,097 -1,531 -2,349 -2,754
Change - 54.54% -26.28% 28.95% -79.54% -39.56% -53.43% -17.24%
Announcement Date 6/1/22 5/31/23 5/30/24 5/29/25 5/28/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: NetApp, Inc.

Fiscal Period: April 2022 2023 2024 2025 2026 2027 2028 2029
CAPEX 1 226 239 155 168 198 257.2 263.2 257
Change - 5.75% -35.15% 8.39% 17.86% 29.88% 2.36% -2.37%
Free Cash Flow (FCF) 1 985 868 1,530 1,338 1,869 1,762 2,163 2,374
Change - -11.88% 76.27% -12.55% 39.69% -5.71% 22.76% 9.74%
Announcement Date 6/1/22 5/31/23 5/30/24 5/29/25 5/28/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: NetApp, Inc.

Fiscal Period: April 2022 2023 2024 2025 2026 2027 2028 2029

Profitability

        
EBITDA Margin (%) 26.23% 28.09% 30.9% 32.03% 33.04% 33.05% 33.49% 34.26%
EBIT Margin (%) 23.68% 24.19% 26.83% 28.33% 30.15% 30.89% 32% 32.85%
EBT Margin (%) 17.33% 16.76% 20.15% 21.04% 23.8% 23.18% 23.32% 22.84%
Net margin (%) 14.83% 20.03% 15.73% 18.05% 18.43% 18.8% 19.89% 19.48%
FCF margin (%) 15.59% 13.64% 24.41% 20.36% 26.99% 21.55% 25% 25.95%
FCF / Net Income (%) 105.12% 68.13% 155.17% 112.82% 146.47% 114.61% 125.71% 133.26%

Profitability

        
ROA 9.67% 12.84% 13.96% 14.64% 15.16% 18.35% 18.74% 19.22%
ROE 158.77% 123.18% 119.31% 138.7% 149.59% 123.55% 99.6% 81.89%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 3.58% 3.76% 2.47% 2.56% 2.86% 3.14% 3.04% 2.81%
CAPEX / EBITDA (%) 13.64% 13.37% 8% 7.98% 8.65% 9.52% 9.08% 8.2%
CAPEX / FCF (%) 22.94% 27.53% 10.13% 12.56% 10.59% 14.59% 12.17% 10.83%

Items per share

        
Cash flow per share 1 5.288 5.032 7.911 7.206 10.28 12.45 13.58 -
Change - -4.85% 57.22% -8.92% 42.71% 21.08% 9.09% -
Dividend per Share 1 2 2 2 2.08 2.08 2.1 2.18 2.304
Change - 0% 0% 4% 0% 0.99% 3.81% 5.65%
Book Value Per Share 1 3.775 5.268 5.51 5.098 6.789 9.968 13.88 18.44
Change - 39.55% 4.59% -7.48% 33.17% 46.82% 39.21% 32.91%
EPS 1 4.09 5.79 4.63 5.67 6.35 7.788 8.847 9.343
Change - 41.56% -20.03% 22.46% 11.99% 22.65% 13.6% 5.6%
Nbr of stocks (in thousands) 222,536 213,905 206,377 203,412 197,330 196,419 196,419 196,419
Announcement Date 6/1/22 5/31/23 5/30/24 5/29/25 5/28/26 - - -
1USD
Estimates
2027 *2028 *
P/E 25.3x 22.3x
PBR 19.8x 14.2x
EV / Sales 4.54x 4.2x
Yield 1.07% 1.11%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
196.92USD
Average target price
197.00USD
Spread / Average Target
+0.04%

Quarterly revenue - Rate of surprise

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