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 33,994 - -
Change - -19.95% 52.51% -13.15% 19.61% 58.47% - -
Enterprise Value (EV) 1 15,417 12,859 19,790 17,324 20,355 32,511 31,852 32,061
Change - -16.59% 53.9% -12.46% 17.5% 59.72% -2.03% 0.66%
P/E 18.6x 10.9x 21.6x 15.6x 17.1x 24.3x 21.6x 20.2x
PBR 20.1x 12x 18.2x 17.3x 16x 19.7x 14.7x 11.8x
PEG - 0.3x -1.1x 0.7x 1.4x 2x 1.7x 2.94x
Capitalization / Revenue 2.68x 2.13x 3.29x 2.73x 3.1x 4.55x 4.31x 4.1x
EV / Revenue 2.44x 2.02x 3.16x 2.64x 2.94x 4.35x 4.04x 3.87x
EV / EBITDA 9.3x 7.2x 10.2x 8.23x 8.9x 13.4x 12.6x 11.7x
EV / EBIT 10.3x 8.36x 11.8x 9.3x 9.75x 14.6x 13.3x 12.7x
EV / FCF 15.7x 14.8x 12.9x 12.9x 10.9x 18.1x 16.5x 15.5x
FCF Yield 6.39% 6.75% 7.73% 7.72% 9.18% 5.53% 6.07% 6.43%
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% 1.21% 1.25% 1.34%
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 88.17 108.71 173.23 173.23 173.23
Nbr of stocks (in thousands) 2,22,536 2,13,905 2,06,377 2,03,412 1,97,330 1,96,234 - -
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.($)
27.13x12.25x30.7x0.11% 16TCr
15.28x7.16x11.56x-.--% 15TCr
73.8x4.67x20.6x-.--% 2.3TCr
8.76x - - - 1.01TCr
4.48x1.39x2.67x11.4% 344.87Cr
10.02x - - - 39Cr
Average 23.25x 6.37x 16.38x 2.88% 5.78TCr
Weighted average by Cap. 24.31x 9.34x 21.15x 0.17%

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