NetApp, Inc.

NetApp, Inc.

NTAPยทNASDAQ

$181.08

+3.1%
TechnologyComputer Hardware

NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, NetApp ElementOS software, and NetApp SANtricity software; and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod, NetApp E/EF series, NetApp StorageGRID, and NetApp SolidFire. It also provides cloud storage and data services comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, NetApp Cloud Volumes Service for Google Cloud, NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Cloud Backup, NetApp Cloud Data Sense, and NetApp Cloud Volumes Edge Cache; and cloud operations services, such as NetApp Cloud Insights, Spot Ocean Kubernetes Suite, Spot Security, Spot Eco, and Spot CloudCheckr. In addition, the company offers application-aware data management service under the NetApp Astra name; and professional and support services, such as strategic consulting, professional, managed, and support services. Further, it provides assessment, design, implementation, and migration services. The company serves the energy, financial service, government, technology, internet, life science, healthcare service, manufacturing, media, entertainment, animation, video postproduction, and telecommunication markets through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.

At a Glance

Live Snapshot
Market Cap$35.86B
EPS6.4100
P/E Ratio28.25
Earnings Date06/04/2026
NetApp, Inc.

NetApp, Inc. Fair Value Envelope

NTAP ยท NASDAQ

Our analysis suggests that NTAP has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $181.08, this represents a potential HIDDEN relative to our calculated worth for NetApp, Inc..

Intrinsic Value
Current Price: $181.08

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

$
%
$
%
$
$

Projection Settings

Forecast period and terminal assumptions

%
%

DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$8.5B
+ Cash & Equivalents$2.7B
Firm Value$11.3B
- Debt$3.5B
Equity Value$7.8B
/ Shares Outstanding199,618,386B
DCF Value$39
OVERVALUED BY 78%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$1.3B
$1.2B
$1.0B
$880.8M
$770.3M
$673.6M
$589.1M
$515.2M
$450.5M
$394.0M
Maintenance CapEx
-$29.4M
-$25.7M
-$22.5M
-$19.7M
-$17.2M
-$15.0M
-$13.1M
-$11.5M
-$10.1M
-$8.8M
Owner Earnings
$1.3B
$1.1B
$984.7M
$861.2M
$753.1M
$658.6M
$575.9M
$503.7M
$440.5M
$385.2M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$1.2B
$965.4M
$781.7M
$633.0M
$512.5M
$415.0M
$336.1M
$272.1M
$220.3M
$178.4M
Terminal Value represents 35.5% of Enterprise Value