108.4 USD
+0.73 (+0.68%)
108.4 USD
0 (0%)
Overall NTAP gets a fundamental rating of 7 out of 10. We evaluated NTAP against 35 industry peers in the Technology Hardware, Storage & Peripherals industry. While NTAP belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. NTAP is not valued too expensively and it also shows a decent growth rate. NTAP also has an excellent dividend rating. This makes NTAP very considerable for dividend investing!
1. Profitability
1.1 Basic Checks
- NTAP had positive earnings in the past year.
- In the past year NTAP had a positive cash flow from operations.
- Each year in the past 5 years NTAP has been profitable.
- In the past 5 years NTAP always reported a positive cash flow from operatings.
1.2 Ratios
- With an excellent Return On Assets value of 12.22%, NTAP belongs to the best of the industry, outperforming 88.57% of the companies in the same industry.
- The Return On Equity of NTAP (119.37%) is better than 97.14% of its industry peers.
- NTAP has a Return On Invested Capital of 19.95%. This is amongst the best in the industry. NTAP outperforms 85.71% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for NTAP is in line with the industry average of 16.06%.
- The last Return On Invested Capital (19.95%) for NTAP is above the 3 year average (17.30%), which is a sign of increasing profitability.
| Industry Rank | Sector 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%
1.3 Margins
- The Profit Margin of NTAP (17.73%) is better than 91.43% of its industry peers.
- In the last couple of years the Profit Margin of NTAP has grown nicely.
- NTAP has a Operating Margin of 22.60%. This is amongst the best in the industry. NTAP outperforms 91.43% of its industry peers.
- NTAP's Operating Margin has improved in the last couple of years.
- Looking at the Gross Margin, with a value of 70.26%, NTAP belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- In the last couple of years the Gross Margin of NTAP has remained more or less at the same level.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), NTAP is creating value.
- Compared to 1 year ago, NTAP has less shares outstanding
- NTAP has less shares outstanding than it did 5 years ago.
- NTAP has a worse debt/assets ratio than last year.
2.2 Solvency
- NTAP has an Altman-Z score of 2.83. This is not the best score and indicates that NTAP is in the grey zone with still only limited risk for bankruptcy at the moment.
- NTAP has a Altman-Z score of 2.83. This is in the better half of the industry: NTAP outperforms 68.57% of its industry peers.
- The Debt to FCF ratio of NTAP is 1.48, which is an excellent value as it means it would take NTAP, only 1.48 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 1.48, NTAP belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
- NTAP has a Debt/Equity ratio of 2.52. This is a high value indicating a heavy dependency on external financing.
- NTAP has a worse Debt to Equity ratio (2.52) than 62.86% of its industry peers.
- Even though the debt/equity ratio score it not favorable for NTAP, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.52 | ||
| Debt/FCF | 1.48 | ||
| Altman-Z | 2.83 |
ROIC/WACC2.51
WACC7.95%
2.3 Liquidity
- NTAP has a Current Ratio of 1.34. This is a normal value and indicates that NTAP is financially healthy and should not expect problems in meeting its short term obligations.
- NTAP's Current ratio of 1.34 is in line compared to the rest of the industry. NTAP outperforms 51.43% of its industry peers.
- NTAP has a Quick Ratio of 1.30. This is a normal value and indicates that NTAP is financially healthy and should not expect problems in meeting its short term obligations.
- NTAP's Quick ratio of 1.30 is fine compared to the rest of the industry. NTAP outperforms 62.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.3 |
3. Growth
3.1 Past
- NTAP shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.77%.
- NTAP shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.19% yearly.
- The Revenue has been growing slightly by 2.53% in the past year.
- Measured over the past years, NTAP shows a small growth in Revenue. The Revenue has been growing by 3.96% on average per year.
EPS 1Y (TTM)3.77%
EPS 3Y11.18%
EPS 5Y12.19%
EPS Q2Q%9.63%
Revenue 1Y (TTM)2.53%
Revenue growth 3Y1.32%
Revenue growth 5Y3.96%
Sales Q2Q%2.83%
3.2 Future
- NTAP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.53% yearly.
- NTAP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.23% yearly.
EPS Next Y11.02%
EPS Next 2Y9.56%
EPS Next 3Y8.53%
EPS Next 5YN/A
Revenue Next Year3.03%
Revenue Next 2Y3.93%
Revenue Next 3Y4.23%
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.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 14.57, which indicates a correct valuation of NTAP.
- 85.71% of the companies in the same industry are more expensive than NTAP, based on the Price/Earnings ratio.
- NTAP's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.54.
- The Price/Forward Earnings ratio is 12.42, which indicates a correct valuation of NTAP.
- Based on the Price/Forward Earnings ratio, NTAP is valued a bit cheaper than 74.29% of the companies in the same industry.
- NTAP is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.31, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.57 | ||
| Fwd PE | 12.42 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NTAP indicates a somewhat cheap valuation: NTAP is cheaper than 80.00% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, NTAP is valued a bit cheaper than the industry average as 77.14% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.81 | ||
| EV/EBITDA | 11.54 |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- The excellent profitability rating of NTAP may justify a higher PE ratio.
PEG (NY)1.32
PEG (5Y)1.2
EPS Next 2Y9.56%
EPS Next 3Y8.53%
5. Dividend
5.1 Amount
- NTAP has a Yearly Dividend Yield of 1.97%. Purely for dividend investing, there may be better candidates out there.
- NTAP's Dividend Yield is rather good when compared to the industry average which is at 0.64. NTAP pays more dividend than 88.57% of the companies in the same industry.
- NTAP's Dividend Yield is comparable with the S&P500 average which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.97% |
5.2 History
- The dividend of NTAP has a limited annual growth rate of 1.72%.
- NTAP has paid a dividend for at least 10 years, which is a reliable track record.
- NTAP has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)1.72%
Div Incr Years1
Div Non Decr Years11
5.3 Sustainability
- 35.51% of the earnings are spent on dividend by NTAP. This is a low number and sustainable payout ratio.
- The dividend of NTAP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP35.51%
EPS Next 2Y9.56%
EPS Next 3Y8.53%
108.4
+0.73 (+0.68%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)11-25 2025-11-25/amc
Earnings (Next)02-26 2026-02-26/amc
Inst Owners100.11%
Inst Owner Change0.09%
Ins Owners0.23%
Ins Owner Change-0.07%
Market Cap21.47B
Revenue(TTM)6.64B
Net Income(TTM)1.18B
Analysts71.85
Price Target125.69 (15.95%)
Short Float %8.03%
Short Ratio8.18
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.97% |
Yearly Dividend2.08
Dividend Growth(5Y)1.72%
DP35.51%
Div Incr Years1
Div Non Decr Years11
Ex-Date01-02 2026-01-02 (0.52)
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)3.83%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.24%
EPS NY rev (1m)0.03%
EPS NY rev (3m)2.03%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.4%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)-0.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.57 | ||
| Fwd PE | 12.42 | ||
| P/S | 3.23 | ||
| P/FCF | 12.81 | ||
| P/OCF | 11.54 | ||
| P/B | 21.77 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.54 |
EPS(TTM)7.44
EY6.86%
EPS(NY)8.73
Fwd EY8.05%
FCF(TTM)8.46
FCFY7.81%
OCF(TTM)9.39
OCFY8.66%
SpS33.51
BVpS4.98
TBVpS-8.97
PEG (NY)1.32
PEG (5Y)1.2
Graham Number28.87
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 2.83 |
F-Score5
WACC7.95%
ROIC/WACC2.51
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)3.77%
EPS 3Y11.18%
EPS 5Y12.19%
EPS Q2Q%9.63%
EPS Next Y11.02%
EPS Next 2Y9.56%
EPS Next 3Y8.53%
EPS Next 5YN/A
Revenue 1Y (TTM)2.53%
Revenue growth 3Y1.32%
Revenue growth 5Y3.96%
Sales Q2Q%2.83%
Revenue Next Year3.03%
Revenue Next 2Y3.93%
Revenue Next 3Y4.23%
Revenue Next 5YN/A
EBIT growth 1Y6.61%
EBIT growth 3Y5.81%
EBIT growth 5Y8.96%
EBIT Next Year20.07%
EBIT Next 3Y9.34%
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 / NTAP FAQ
What is the ChartMill fundamental rating of NETAPP INC (NTAP) stock?
ChartMill assigns a fundamental rating of 7 / 10 to NTAP.
What is the valuation status of NETAPP INC (NTAP) stock?
ChartMill assigns a valuation rating of 6 / 10 to NETAPP INC (NTAP). This can be considered as Fairly Valued.
Can you provide the profitability details for NETAPP INC?
NETAPP INC (NTAP) has a profitability rating of 9 / 10.
Can you provide the financial health for NTAP stock?
The financial health rating of NETAPP INC (NTAP) is 6 / 10.
What is the expected EPS growth for NETAPP INC (NTAP) stock?
The Earnings per Share (EPS) of NETAPP INC (NTAP) is expected to grow by 11.02% in the next year.