NetApp Financials

NTAP Stock  USD 104.97  0.25  0.24%   
Based on the analysis of NetApp's profitability, liquidity, and operating efficiency, NetApp Inc is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in April. At this time, NetApp's Common Stock Shares Outstanding is relatively stable compared to the past year. As of 03/29/2024, Short Term Investments is likely to grow to about 1.3 B, while Property Plant And Equipment Net is likely to drop slightly above 637.6 M. Key indicators impacting NetApp's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.080.1271
Way Down
Slightly volatile
Return On Assets0.08360.078
Notably Up
Pretty Stable
Return On Equity1.121.0657
Sufficiently Up
Pretty Stable
Debt Equity Ratio4.113.9139
Sufficiently Up
Slightly volatile
Operating Income1.2 B1.2 B
Sufficiently Up
Slightly volatile
Current Ratio2.891.7384
Way Up
Slightly volatile
The financial analysis of NetApp is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for NetApp includes many different criteria found on its balance sheet. For example, investors should never minimize NetApp's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor NetApp's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in NetApp.

Net Income

1.54 Billion

With this module, you can analyze NetApp financials for your investing period. You should be able to track the changes in NetApp individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past NetApp Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of NetApp's financial statements are interrelated, with each one affecting the others. For example, an increase in NetApp's assets may result in an increase in income on the income statement.
Evaluating NetApp's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of NetApp's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the NetApp's relative financial performance

Chance Of Distress

Less than 3

 
100  
 
Zero
Very Low
NetApp Inc has less than 3 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for NetApp stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, NetApp's odds of distress score SHOULD NOT be confused with the real chance of NetApp Inc filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as NetApp is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include NetApp's liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in NetApp's official financial statements usually reflect NetApp's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of NetApp Inc. For example, before you start analyzing numbers published by NetApp accountants, it's critical to develop an understanding of what NetApp's liquidity, profitability, and earnings quality are in the context of the Technology Hardware, Storage & Peripherals space in which it operates.
Please note, the presentation of NetApp's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, NetApp's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in NetApp's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of NetApp Inc. Please utilize our Beneish M Score to check the likelihood of NetApp's management manipulating its earnings.

NetApp Company Summary

NetApp competes with Desktop Metal, Voxeljet, Ebang International, Wetouch Technology, and Nano Dimension. NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California. NetApp operates under Computer Hardware classification in the United States and is traded on NASDAQ Exchange. It employs 12000 people.
Specialization
Information Technology, Technology Hardware & Equipment
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
CIK Number0001002047
ISINUS64110D1046
CUSIP64110D104 64120L104
RegionNorth America
LocationCalifornia; U.S.A
Business Address3060 Olsen Drive,
SectorTechnology Hardware, Storage & Peripherals
IndustryInformation Technology
BenchmarkNYSE Composite
Websitewww.netapp.com
Phone408 822 6000
CurrencyUSD - US Dollar
You should never invest in NetApp without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of NetApp Stock, because this is throwing your money away. Analyzing the key information contained in NetApp's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

NetApp Key Financial Ratios

Generally speaking, NetApp's financial ratios allow both analysts and investors to convert raw data from NetApp's financial statements into concise, actionable information that can be used to evaluate the performance of NetApp over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that NetApp Inc reports annually and quarterly.

NetApp Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets7.5B9.4B10.0B9.8B11.3B6.1B
Other Current Liab774M921M925M810M931.5M978.1M
Net Debt(1.2B)(2.0B)(1.5B)73M65.7M69.0M
Accounts Payable426M420M607M392M450.8M233.6M
Cash2.9B4.6B4.1B2.3B2.7B2.6B
Net Receivables973M945M1.2B987M1.1B613.5M
Inventory145M114M204M167M192.1M201.7M
Other Current Assets274M346M377M456M524.4M616.8M
Total Liab7.3B8.7B9.2B8.7B10.0B10.5B
Total Current Assets4.3B6.0B5.9B4.7B5.4B4.0B
Short Term Debt522M49M250M47M54.1M51.3M
Common Stock242M685M760M945M1.1B1.1B
Other Liab2.4B2.6B2.8B2.6B2.9B3.1B
Other Assets535M694M991M1.2B1.4B1.4B
Good Will1.8B2.0B2.3B2.8B3.2B3.3B
Intangible Assets44M101M142M181M162.9M95.5M
Long Term Debt1.1B2.6B2.4B2.4B2.7B2.9B
Net Tangible Assets(1.6B)(1.5B)(1.7B)(1.8B)(1.6B)(1.5B)

NetApp Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what NetApp's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense55M74M73M234M269.1M282.6M
Total Revenue5.4B5.7B6.3B6.4B7.3B3.9B
Gross Profit3.6B3.8B4.2B4.2B4.8B2.4B
Operating Income945M1.0B1.2B1.0B1.2B1.2B
Ebit945M1.0B1.2B1.0B1.2B1.2B
Research Development827M847M881M956M1.1B1.2B
Ebitda1.1B1.0B1.4B1.5B1.8B1.9B
Cost Of Revenue1.8B1.9B2.1B2.2B2.5B1.5B
Income Before Tax944M962M1.1B1.1B1.2B1.3B
Net Income819M730M937M1.3B1.5B1.5B
Income Tax Expense125M232M158M(208M)(239.2M)(227.2M)
Non Recurring21M58M46M141M162.2M170.3M
Tax Provision125M232M158M(208M)(187.2M)(177.8M)
Net Interest Income(7M)(65M)(66M)2M1.8M1.9M
Interest Income48M9M7M69M62.1M39.3M

NetApp Key Cash Accounts

Cash flow analysis captures how much money flows into and out of NetApp Inc. It measures of how well NetApp is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money NetApp brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money NetApp had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what NetApp has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change To Inventory(9M)(14M)31M(90M)42.6M44.7M
Change In Cash335M1.9B(416M)(1.8B)(1.6B)(1.5B)
Free Cash Flow936M1.2B985M868M998.2M700.4M
Depreciation193M207M194M248M285.2M164.4M
Other Non Cash Items14M(80M)1M(15M)(13.5M)(14.2M)
Capital Expenditures124M162M226M239M274.9M168.7M
Net Income819M730M937M1.3B1.5B1.5B
End Period Cash Flow2.7B4.5B4.1B2.3B2.7B1.7B
Change To Netincome137M215M102M(361M)(415.2M)(394.4M)
Dividends Paid439M427M446M432M496.8M343.7M
Investments1.4B160M45M(1.4B)(1.6B)(1.5B)
Change Receivables238M62M(313M)260M299M314.0M
Net Borrowings(133M)940M(2M)(255M)(229.5M)(218.0M)

NetApp Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining NetApp's current stock value. Our valuation model uses many indicators to compare NetApp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across NetApp competition to find correlations between indicators driving NetApp's intrinsic value. More Info.
NetApp Inc is considered to be number one stock in cash flow from operations category among related companies. It is regarded fifth in price to sales category among related companies . The ratio of Cash Flow From Operations to Price To Sales for NetApp Inc is about  315,034,577 . As of 03/29/2024, Price To Sales Ratio is likely to drop to 2.74. Comparative valuation analysis is a catch-all model that can be used if you cannot value NetApp by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for NetApp's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the NetApp's earnings, one of the primary drivers of an investment's value.

NetApp Inc Systematic Risk

NetApp's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. NetApp volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on NetApp Inc correlated with the market. If Beta is less than 0 NetApp generally moves in the opposite direction as compared to the market. If NetApp Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one NetApp Inc is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of NetApp is generally in the same direction as the market. If Beta > 1 NetApp moves generally in the same direction as, but more than the movement of the benchmark.

About NetApp Financials

What exactly are NetApp Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include NetApp's income statement, its balance sheet, and the statement of cash flows. Potential NetApp investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although NetApp investors may use each financial statement separately, they are all related. The changes in NetApp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on NetApp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze NetApp Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as NetApp is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of NetApp has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if NetApp's financials are consistent with your investment objective using the following steps:
  • Review NetApp's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand NetApp's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare NetApp's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if NetApp's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

NetApp Thematic Clasifications

NetApp Inc is part of several thematic ideas from Computers to SRI Sustainable Growth. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in NetApp Stock are looking for potential investment opportunities by analyzing not only static indicators but also various NetApp's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of NetApp growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(2.85)

At this time, NetApp's Price Earnings To Growth Ratio is relatively stable compared to the past year.

NetApp March 29, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of NetApp help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of NetApp Inc. We use our internally-developed statistical techniques to arrive at the intrinsic value of NetApp Inc based on widely used predictive technical indicators. In general, we focus on analyzing NetApp Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build NetApp's daily price indicators and compare them against related drivers.
When determining whether NetApp Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if NetApp Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Netapp Inc Stock. Highlighted below are key reports to facilitate an investment decision about Netapp Inc Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetApp Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the NetApp Inc information on this page should be used as a complementary analysis to other NetApp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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When running NetApp's price analysis, check to measure NetApp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NetApp is operating at the current time. Most of NetApp's value examination focuses on studying past and present price action to predict the probability of NetApp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NetApp's price. Additionally, you may evaluate how the addition of NetApp to your portfolios can decrease your overall portfolio volatility.
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Is NetApp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NetApp. If investors know NetApp will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NetApp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
3.933
Dividend Share
2
Earnings Share
4.38
Revenue Per Share
29.398
Quarterly Revenue Growth
0.052
The market value of NetApp Inc is measured differently than its book value, which is the value of NetApp that is recorded on the company's balance sheet. Investors also form their own opinion of NetApp's value that differs from its market value or its book value, called intrinsic value, which is NetApp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NetApp's market value can be influenced by many factors that don't directly affect NetApp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NetApp's value and its price as these two are different measures arrived at by different means. Investors typically determine if NetApp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NetApp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.