NetApp Piotroski F Score

NTAP
 Stock
  

USD 72.57  2.09  2.80%   

This module uses fundamental data of NetApp to approximate its Piotroski F score. NetApp F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of NetApp Inc. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about NetApp financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Additionally, see NetApp Altman Z Score, NetApp Correlation, NetApp Valuation, as well as analyze NetApp Alpha and Beta and NetApp Hype Analysis.
  
NetApp Total Debt is very stable at the moment as compared to the past year. NetApp reported last year Total Debt of 1.27 Billion. As of 28th of November 2022, Debt Current is likely to grow to about 784.5 M, while Debt Non Current is likely to drop about 1.2 B. NetApp Book Value per Share is very stable at the moment as compared to the past year. NetApp reported last year Book Value per Share of 6.71. As of 28th of November 2022, Dividends per Basic Common Share is likely to grow to 1.02, while Enterprise Value over EBITDA is likely to drop 12.66.
At this time, it appears that NetApp's Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
5.0
Piotroski F Score - Healthy
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsDecreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginIncreaseFocus

NetApp Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to NetApp is to make sure NetApp is not a subject of accounting manipulations and runs a healthy internal audit department. So, if NetApp's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if NetApp's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted239.5 M229 M
Sufficiently Up
Decreasing
Slightly volatile
Weighted Average Shares234.2 M223 M
Sufficiently Up
Decreasing
Slightly volatile
Return on Average Assets9.649.6668
Slightly Down
Increasing
Slightly volatile
Net Cash Flow from Operations1.3 B1.2 B
Significantly Up
Decreasing
Stable
Current Liabilities3.9 BB
Fairly Down
Increasing
Slightly volatile
Total Liabilities9.4 B9.2 B
Fairly Up
Increasing
Slightly volatile
Gross Margin70.1166.7933
Sufficiently Up
Increasing
Slightly volatile
Total Debt1.6 B1.3 B
Significantly Up
Decreasing
Very volatile
Asset Turnover0.70.6536
Notably Up
Increasing
Slightly volatile
Current Assets6.3 B5.9 B
Notably Up
Decreasing
Slightly volatile
Total Assets10.2 B10 B
Fairly Up
Increasing
Very volatile

NetApp Inc F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between NetApp's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards NetApp in a much-optimized way.

About NetApp Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value per Share

7.29

NetApp Book Value per Share is very stable at the moment as compared to the past year. NetApp reported last year Book Value per Share of 6.71

NetApp ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, NetApp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to NetApp's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

About NetApp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze NetApp Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NetApp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NetApp Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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.

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Additionally, see NetApp Altman Z Score, NetApp Correlation, NetApp Valuation, as well as analyze NetApp Alpha and Beta and NetApp Hype Analysis. 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

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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 YOY
0.091
Market Capitalization
16.2 B
Quarterly Revenue Growth YOY
0.092
Return On Assets
0.0807
Return On Equity
1.38
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 NetApp value 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.