NTAP Rating

NTAP Intrinsic Value

Key Highlights:
As of Mar 03, 2025 NTAP Relative Value is $93.1, which is overvalued by 2.8%, compared to current share price of $95.7.
As of Mar 03, 2025 NTAP DCF Value is $108.0, which is undervalued by 12.8%, compared to current share price of $95.7.
Methodology
Price per share, $
Current share price
95.7

NTAP Share Price History

1W (22.5%)
1M (20.0%)
6M (18.8%)
YTD 13.7%
1Y (5.7%)
3Y 27.7%
5Y 139.6%
10Y 224.9%
Share Price
Intrinsic Value
Drawdown
Total Return
vs SP500
vs NASDAQ
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NTAP Stock Metrics

Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Base
$6,507.0M
Shares Outstanding
209M
Employees
N/A
Valuation (LTM)
Return on Capital
120.5%
12.6%
26.6%
22.8%
Earnings
May 29, 2025
BEAT by 4.8%
10 Beat & null Miss

NTAP Stock Financials

NTAP Income Statement Metrics

Annual
Quarterly
LTM

Revenue

$6,268.0M -1.5% YoY

Operating Income

$1,214.0M +19.3% YoY

Net Income

$986.0M -22.6% YoY

NTAP Cash Flow Statement Metrics

Annual
Quarterly
LTM

Operating Cash Flow (OCF)

$1,685.0M +52.2% YoY

Capital Expenditure (CAPEX)

($155.0M) -35.1% YoY

Free Cash Flow (FCF)

$1,530.0M +76.3% YoY

NTAP Income Statement Overview

Annual
Quarterly
LTM
Apr'15
Apr'16
Apr'17
Apr'18
Apr'19
Apr'20
Apr'21
Apr'22
Apr'23
Apr'24
$6,268.0M (1.5%) YoY
$4,433.0M 5.3% YoY
70.7% margin
Cost of revenue
$1,835.0M (14.8%) YoY
Operating income
$1,214.0M 19.3% YoY
19.4% margin
Other: $1,000.0K
Net interest: $48.0M
Operating expenses
$3,165.0M 3.8% YoY
Pre-tax income
$1,263.0M 18.5% YoY
20.1% margin
Net income
$986.0M (22.6%) YoY
15.7% margin
Income tax
$277.0M
21.9% tax rate
R&D
$1,029.0M 7.6% YoY
16.4% of revenue
SG&A
$2,136.0M 2.0% YoY
34.1% of revenue

NTAP Balance Sheet Overview

Annual
Quarterly
LTM
Apr'15
Apr'16
Apr'17
Apr'18
Apr'19
Apr'20
Apr'21
Apr'22
Apr'23
Apr'24
Assets
Liabilities
Total assets
$9,887.0M
Current assets ($4,897.0M, 49.5% of total)
$3,258.0M (33.0%)
$1,007.0M (10.2%)
Other current assets
$632.0M (6.4%)
Non-current assets ($4,990.0M, 50.5% of total)
$117.0M (1.2%)
$124.0M (1.3%)
Other non-current assets
$3,898.0M (39.4%)
Financial position
($606.0M)
$3,258.0M$2,652.0M
Cash & Short-term Investments
Total Debt

NTAP Stock Ratios

NTAP Earnings Surprises

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NTAP Dividends

NTAP Dividend Yield

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NTAP Dividend Per Share

Competing with NTAP

Overview
Ratings
Intrinsic Value
Valuation
Growth
Profitability
Health
Capital allocation
Momentum
Earnings
Dividends
Company name
Market Cap
Quality rating
Intrinsic value
1Y Return
Revenue
Free Cash Flow
Revenue growth
FCF margin
Gross margin
ROIC
Total Debt to Equity
$20.0B
7.2
$99.1
3.5% undervalued
(5.7%)
$6,507.0M
$1,265.0M
5.3%
19.4%
70.5%
26.6%
200.4%
$113.3B
8.3
$66.4
22.8% overvalued
19.5%
$7,003.1M
$3,676.2M
19.5%
52.5%
64.1%
83.5%
0.0%
$70.2B
5.0
$199.3
108.5% undervalued
(20.7%)
$71.6B
$2,019.0M
(19.0%)
2.8%
21.5%
13.8%
(1,771.2%)
$29.2B
5.6
$87.7
191.9% undervalued
6.9%
$53.8B
$3,266.0M
1.4%
6.1%
21.7%
44.3%
300.7%
$23.1B
7.2
$31.5
12.6% overvalued
(66.4%)
$10.6B
($1,150.6M)
14.6%
(10.9%)
24.9%
22.3%
29.9%
$21.7B
5.9
$92.7
7.3% overvalued
4.7%
$8,035.0M
$824.0M
24.2%
10.3%
31.8%
39.3%
(44.4%)
$16.8B
6.2
$82.9
76.4% undervalued
(26.9%)
$15.6B
$440.0M
38.6%
2.8%
37.3%
14.8%
59.7%
$16.8B
7.0
$15.0
69.6% overvalued
(11.3%)
$3,099.9M
$526.4M
9.5%
17.0%
70.4%
5.1%
21.5%
$15.0B
7.0
$95.0
2.7% overvalued
14.9%
$4,531.5M
$888.0M
6.7%
19.6%
42.7%
49.8%
(11.3%)
$5,278.9M
5.8
$2.2
90.3% overvalued
129.0%
$43.1M
($123.7M)
95.4%
(287.1%)
52.2%
(228.2%)
4.6%
$1,565.5M
4.8
$0.5
93.0% overvalued
355.6%
$11.9M
($65.8M)
(19.1%)
(553.0%)
33.5%
(110.9%)
18.3%

FAQ

What is NetApp, Inc. (NTAP) stock rating?

As of today, NetApp, Inc. has a stock rating of 7 (out of 10), which is considered Great.

is NetApp, Inc. (NTAP) a good stock to buy?

As of today, NetApp, Inc. has a Great stock rating, which is 3.5% undervalued. According to Value Sense backtesting, stocks with similar profile tend to outperform the market by 12.8%.