NETAPP INC (NTA.DE) Fundamental Analysis & Valuation

FRA:NTA • US64110D1046

83.8 EUR
-2.06 (-2.4%)
Last: Mar 3, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This NTA.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

Taking everything into account, NTA scores 6 out of 10 in our fundamental rating. NTA was compared to 30 industry peers in the Technology Hardware, Storage & Peripherals industry. While NTA has a great profitability rating, there are some minor concerns on its financial health. NTA is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

9

1. NTA.DE Profitability Analysis

1.1 Basic Checks

  • In the past year NTA was profitable.
  • NTA had a positive operating cash flow in the past year.
  • In the past 5 years NTA has always been profitable.
  • In the past 5 years NTA always reported a positive cash flow from operatings.
NTA.DE Yearly Net Income VS EBIT VS OCF VS FCFNTA.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

1.2 Ratios

  • NTA has a better Return On Assets (12.22%) than 86.67% of its industry peers.
  • NTA has a Return On Equity of 119.37%. This is amongst the best in the industry. NTA outperforms 93.33% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 19.95%, NTA belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for NTA is in line with the industry average of 15.52%.
  • The last Return On Invested Capital (19.95%) for NTA is above the 3 year average (17.30%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 12.22%
ROE 119.37%
ROIC 19.95%
ROA(3y)11.3%
ROA(5y)10.21%
ROE(3y)103.33%
ROE(5y)105.68%
ROIC(3y)17.3%
ROIC(5y)16.23%
NTA.DE Yearly ROA, ROE, ROICNTA.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100 200 300

1.3 Margins

  • NTA has a Profit Margin of 17.73%. This is amongst the best in the industry. NTA outperforms 90.00% of its industry peers.
  • In the last couple of years the Profit Margin of NTA has grown nicely.
  • NTA has a Operating Margin of 22.60%. This is amongst the best in the industry. NTA outperforms 90.00% of its industry peers.
  • NTA's Operating Margin has improved in the last couple of years.
  • NTA has a better Gross Margin (70.26%) than 93.33% of its industry peers.
  • NTA's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 22.6%
PM (TTM) 17.73%
GM 70.26%
OM growth 3Y4.43%
OM growth 5Y4.81%
PM growth 3Y6.76%
PM growth 5Y3.58%
GM growth 3Y1.67%
GM growth 5Y0.95%
NTA.DE Yearly Profit, Operating, Gross MarginsNTA.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. NTA.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so NTA is creating value.
  • NTA has less shares outstanding than it did 1 year ago.
  • NTA has less shares outstanding than it did 5 years ago.
  • NTA has a worse debt/assets ratio than last year.
NTA.DE Yearly Shares OutstandingNTA.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
NTA.DE Yearly Total Debt VS Total AssetsNTA.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.2 Solvency

  • NTA has an Altman-Z score of 2.69. This is not the best score and indicates that NTA is in the grey zone with still only limited risk for bankruptcy at the moment.
  • NTA has a better Altman-Z score (2.69) than 66.67% of its industry peers.
  • NTA has a debt to FCF ratio of 1.48. This is a very positive value and a sign of high solvency as it would only need 1.48 years to pay back of all of its debts.
  • NTA's Debt to FCF ratio of 1.48 is fine compared to the rest of the industry. NTA outperforms 80.00% of its industry peers.
  • NTA has a Debt/Equity ratio of 2.52. This is a high value indicating a heavy dependency on external financing.
  • NTA has a Debt to Equity ratio of 2.52. This is amonst the worse of the industry: NTA underperforms 86.67% of its industry peers.
  • Even though the debt/equity ratio score it not favorable for NTA, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 2.52
Debt/FCF 1.48
Altman-Z 2.69
ROIC/WACC2.6
WACC7.66%
NTA.DE Yearly LT Debt VS Equity VS FCFNTA.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

  • A Current Ratio of 1.34 indicates that NTA should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.34, NTA is doing worse than 60.00% of the companies in the same industry.
  • A Quick Ratio of 1.30 indicates that NTA should not have too much problems paying its short term obligations.
  • NTA has a better Quick ratio (1.30) than 66.67% of its industry peers.
Industry RankSector Rank
Current Ratio 1.34
Quick Ratio 1.3
NTA.DE Yearly Current Assets VS Current LiabilitesNTA.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. NTA.DE Growth Analysis

3.1 Past

  • NTA shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.14%.
  • The Earnings Per Share has been growing by 12.19% on average over the past years. This is quite good.
  • Looking at the last year, NTA shows a small growth in Revenue. The Revenue has grown by 4.85% in the last year.
  • Measured over the past years, NTA shows a small growth in Revenue. The Revenue has been growing by 3.96% on average per year.
EPS 1Y (TTM)7.14%
EPS 3Y11.18%
EPS 5Y12.19%
EPS Q2Q%10.99%
Revenue 1Y (TTM)4.85%
Revenue growth 3Y1.32%
Revenue growth 5Y3.96%
Sales Q2Q%4.39%

3.2 Future

  • The Earnings Per Share is expected to grow by 8.75% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 4.32% on average over the next years.
EPS Next Y11.01%
EPS Next 2Y9.51%
EPS Next 3Y8.75%
EPS Next 5YN/A
Revenue Next Year2.94%
Revenue Next 2Y3.87%
Revenue Next 3Y4.32%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
NTA.DE Yearly Revenue VS EstimatesNTA.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2B 4B 6B
NTA.DE Yearly EPS VS EstimatesNTA.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6 8

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6

4. NTA.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 12.75 indicates a correct valuation of NTA.
  • 76.67% of the companies in the same industry are more expensive than NTA, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 27.03, NTA is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 11.20, the valuation of NTA can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of NTA indicates a somewhat cheap valuation: NTA is cheaper than 70.00% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 25.11. NTA is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 12.75
Fwd PE 11.2
NTA.DE Price Earnings VS Forward Price EarningsNTA.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

  • NTA's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NTA is cheaper than 73.33% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, NTA is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 11.54
EV/EBITDA 10.39
NTA.DE Per share dataNTA.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • NTA has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.16
PEG (5Y)1.05
EPS Next 2Y9.51%
EPS Next 3Y8.75%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. NTA.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.10%, NTA has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 0.96, NTA pays a better dividend. On top of this NTA pays more dividend than 83.33% of the companies listed in the same industry.
  • NTA's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.1%

5.2 History

  • The dividend of NTA has a limited annual growth rate of 1.72%.
Dividend Growth(5Y)1.72%
Div Incr Years0
Div Non Decr Years0
NTA.DE Yearly Dividends per shareNTA.DE Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2025 2026 0.5 1 1.5

5.3 Sustainability

  • NTA pays out 35.51% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of NTA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP35.51%
EPS Next 2Y9.51%
EPS Next 3Y8.75%
NTA.DE Yearly Income VS Free CF VS DividendNTA.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
NTA.DE Dividend Payout.NTA.DE Dividend Payout, showing the Payout Ratio.NTA.DE Dividend Payout.PayoutRetained Earnings

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NTA.DE Fundamentals: All Metrics, Ratios and Statistics

NETAPP INC

FRA:NTA (3/3/2026, 7:00:00 PM)

83.8

-2.06 (-2.4%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)02-26
Earnings (Next)05-28
Inst Owners100.11%
Inst Owner ChangeN/A
Ins Owners0.23%
Ins Owner ChangeN/A
Market Cap16.60B
Revenue(TTM)6.57B
Net Income(TTM)1.18B
Analysts71.43
Price Target107.76 (28.59%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.1%
Yearly Dividend1.76
Dividend Growth(5Y)1.72%
DP35.51%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.72%
Min EPS beat(2)-1.15%
Max EPS beat(2)6.58%
EPS beat(4)1
Avg EPS beat(4)0.83%
Min EPS beat(4)-1.89%
Max EPS beat(4)6.58%
EPS beat(8)4
Avg EPS beat(8)2.83%
EPS beat(12)8
Avg EPS beat(12)4.54%
EPS beat(16)12
Avg EPS beat(16)5.61%
Revenue beat(2)0
Avg Revenue beat(2)-1.06%
Min Revenue beat(2)-1.14%
Max Revenue beat(2)-0.99%
Revenue beat(4)0
Avg Revenue beat(4)-2.17%
Min Revenue beat(4)-5.03%
Max Revenue beat(4)-0.99%
Revenue beat(8)0
Avg Revenue beat(8)-1.64%
Revenue beat(12)2
Avg Revenue beat(12)-1.67%
Revenue beat(16)3
Avg Revenue beat(16)-1.64%
PT rev (1m)0%
PT rev (3m)36.57%
EPS NQ rev (1m)-0.31%
EPS NQ rev (3m)10.43%
EPS NY rev (1m)0%
EPS NY rev (3m)15.77%
Revenue NQ rev (1m)-0.46%
Revenue NQ rev (3m)-2.54%
Revenue NY rev (1m)-0.09%
Revenue NY rev (3m)-0.12%
Valuation
Industry RankSector Rank
PE 12.75
Fwd PE 11.2
P/S 2.91
P/FCF 11.54
P/OCF 10.39
P/B 19.61
P/tB N/A
EV/EBITDA 10.39
EPS(TTM)6.57
EY7.84%
EPS(NY)7.48
Fwd EY8.93%
FCF(TTM)7.26
FCFY8.67%
OCF(TTM)8.06
OCFY9.62%
SpS28.77
BVpS4.27
TBVpS-7.7
PEG (NY)1.16
PEG (5Y)1.05
Graham Number25.13
Profitability
Industry RankSector Rank
ROA 12.22%
ROE 119.37%
ROCE 24.35%
ROIC 19.95%
ROICexc 39.06%
ROICexgc 319.97%
OM 22.6%
PM (TTM) 17.73%
GM 70.26%
FCFM 25.25%
ROA(3y)11.3%
ROA(5y)10.21%
ROE(3y)103.33%
ROE(5y)105.68%
ROIC(3y)17.3%
ROIC(5y)16.23%
ROICexc(3y)40.17%
ROICexc(5y)45.98%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)21.12%
ROCE(5y)19.81%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y-0.26%
ROICexc growth 5Y0.5%
OM growth 3Y4.43%
OM growth 5Y4.81%
PM growth 3Y6.76%
PM growth 5Y3.58%
GM growth 3Y1.67%
GM growth 5Y0.95%
F-Score5
Asset Turnover0.69
Health
Industry RankSector Rank
Debt/Equity 2.52
Debt/FCF 1.48
Debt/EBITDA 1.45
Cap/Depr 83.64%
Cap/Sales 2.77%
Interest Coverage 18.52
Cash Conversion 108.14%
Profit Quality 142.4%
Current Ratio 1.34
Quick Ratio 1.3
Altman-Z 2.69
F-Score5
WACC7.66%
ROIC/WACC2.6
Cap/Depr(3y)75.43%
Cap/Depr(5y)84.21%
Cap/Sales(3y)2.93%
Cap/Sales(5y)3.04%
Profit Quality(3y)112.04%
Profit Quality(5y)120.33%
High Growth Momentum
Growth
EPS 1Y (TTM)7.14%
EPS 3Y11.18%
EPS 5Y12.19%
EPS Q2Q%10.99%
EPS Next Y11.01%
EPS Next 2Y9.51%
EPS Next 3Y8.75%
EPS Next 5YN/A
Revenue 1Y (TTM)4.85%
Revenue growth 3Y1.32%
Revenue growth 5Y3.96%
Sales Q2Q%4.39%
Revenue Next Year2.94%
Revenue Next 2Y3.87%
Revenue Next 3Y4.32%
Revenue Next 5YN/A
EBIT growth 1Y6.61%
EBIT growth 3Y5.81%
EBIT growth 5Y8.96%
EBIT Next Year19.6%
EBIT Next 3Y9.07%
EBIT Next 5YN/A
FCF growth 1Y62.72%
FCF growth 3Y10.75%
FCF growth 5Y7.41%
OCF growth 1Y55%
OCF growth 3Y7.54%
OCF growth 5Y7.28%

NETAPP INC / NTA.DE FAQ

Can you provide the ChartMill fundamental rating for NETAPP INC?

ChartMill assigns a fundamental rating of 6 / 10 to NTA.DE.


What is the valuation status for NTA stock?

ChartMill assigns a valuation rating of 6 / 10 to NETAPP INC (NTA.DE). This can be considered as Fairly Valued.


What is the profitability of NTA stock?

NETAPP INC (NTA.DE) has a profitability rating of 9 / 10.


Can you provide the financial health for NTA stock?

The financial health rating of NETAPP INC (NTA.DE) is 6 / 10.


What is the earnings growth outlook for NETAPP INC?

The Earnings per Share (EPS) of NETAPP INC (NTA.DE) is expected to grow by 11.01% in the next year.