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 32,405 - -
Change - -19.95% 52.51% -13.15% 19.61% 51.06% - -
Enterprise Value (EV) 1 15,417 12,859 19,790 17,324 20,355 30,923 30,264 30,472
Change - -16.59% 53.9% -12.46% 17.5% 51.92% -2.13% 0.69%
P/E 18.6x 10.9x 21.6x 15.6x 17.1x 23.2x 20.6x 19.3x
PBR 20.1x 12x 18.2x 17.3x 16x 18.8x 14x 11.2x
PEG - 0.3x -1.1x 0.7x 1.4x 1.9x 1.7x 2.81x
Capitalization / Revenue 2.68x 2.13x 3.29x 2.73x 3.1x 4.33x 4.11x 3.89x
EV / Revenue 2.44x 2.02x 3.16x 2.64x 2.94x 4.14x 3.84x 3.66x
EV / EBITDA 9.3x 7.2x 10.2x 8.23x 8.9x 12.8x 12x 11.1x
EV / EBIT 10.3x 8.36x 11.8x 9.3x 9.75x 13.9x 12.6x 12x
EV / FCF 15.7x 14.8x 12.9x 12.9x 10.9x 17.2x 15.6x -
FCF Yield 6.39% 6.75% 7.73% 7.72% 9.18% 5.81% 6.41% -
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% 1.27% 1.31% 1.45%
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 88.17 108.71 165.40 165.40 165.40
Nbr of stocks (in thousands) 222,536 213,905 206,377 203,412 197,330 195,920 - -
Announcement Date 01/06/22 31/05/23 30/05/24 29/05/25 28/05/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.87x12.52x20.46x-.--% 256B
31.68x14.61x36.66x0.09% 190B
82.84x5.3x23.38x-.--% 25.84B
14.7x - - - 16.85B
5.85x1.89x3.62x8.73% 4.54B
12.46x - - - 488M
Average 28.90x 8.58x 21.03x 2.2% 82.2B
Weighted average by Cap. 30.51x 12.86x 26.91x 0.12%

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