NetApp, Inc.

LSE:0K6F Stock Report

Market Cap: US$23.7b

NetApp Valuation

Is 0K6F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0K6F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0K6F ($115.4) is trading below our estimate of fair value ($199.44)

Significantly Below Fair Value: 0K6F is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0K6F?

Key metric: As 0K6F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0K6F. This is calculated by dividing 0K6F's market cap by their current earnings.
What is 0K6F's PE Ratio?
PE Ratio20.6x
EarningsUS$1.15b
Market CapUS$23.68b

Price to Earnings Ratio vs Peers

How does 0K6F's PE Ratio compare to its peers?

The above table shows the PE ratio for 0K6F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.8x
RPI Raspberry Pi Holdings
49.4x4.3%UK£1.2b
HLMA Halma
35.4x8.3%UK£10.2b
CNC Concurrent Technologies
23.4x13.5%UK£118.0m
HPE Hewlett Packard Enterprise
11x0.6%US$28.1b
0K6F NetApp
20.5x5.1%US$23.7b

Price-To-Earnings vs Peers: 0K6F is good value based on its Price-To-Earnings Ratio (20.5x) compared to the peer average (29.8x).

Price to Earnings Ratio vs Industry

How does 0K6F's PE Ratio compare vs other companies in the European Tech Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
0K6F 20.6xIndustry Avg. 22.3xNo. of Companies4PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0K6F is good value based on its Price-To-Earnings Ratio (20.5x) compared to the Global Tech industry average (22.3x).

Price to Earnings Ratio vs Fair Ratio

What is 0K6F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0K6F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.6x
Fair PE Ratio28.4x

Price-To-Earnings vs Fair Ratio: 0K6F is good value based on its Price-To-Earnings Ratio (20.5x) compared to the estimated Fair Price-To-Earnings Ratio (28.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0K6F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$115.40
US$138.88
+20.3%
9.6%US$160.00US$116.00n/a17
Dec ’25US$122.64
US$137.86
+12.4%
9.2%US$160.00US$116.00n/a17
Nov ’25US$116.34
US$133.10
+14.4%
10.1%US$155.00US$108.00n/a16
Oct ’25US$121.80
US$133.10
+9.3%
10.1%US$155.00US$108.00n/a16
Sep ’25US$119.35
US$131.29
+10.0%
9.9%US$155.00US$108.00n/a16
Aug ’25US$122.71
US$127.54
+3.9%
10.5%US$155.00US$105.00n/a16
Jul ’25US$130.89
US$126.26
-3.5%
10.0%US$155.00US$105.00n/a16
Jun ’25US$117.17
US$118.83
+1.4%
8.2%US$138.00US$105.00n/a16
May ’25US$101.34
US$105.19
+3.8%
9.6%US$120.00US$85.00n/a17
Apr ’25US$104.88
US$104.75
-0.1%
9.8%US$120.00US$85.00n/a16
Mar ’25US$107.56
US$99.13
-7.8%
11.7%US$120.00US$78.00n/a16
Feb ’25US$87.18
US$90.38
+3.7%
9.5%US$105.00US$73.00n/a16
Jan ’25US$87.65
US$88.39
+0.8%
7.9%US$100.00US$73.00n/a18
Dec ’24US$90.97
US$87.11
-4.2%
8.2%US$100.00US$73.00US$122.6418
Nov ’24US$72.63
US$80.78
+11.2%
10.1%US$100.00US$63.00US$116.3418
Oct ’24US$76.14
US$80.78
+6.1%
10.1%US$100.00US$63.00US$121.8018
Sep ’24US$77.72
US$78.06
+0.4%
10.2%US$90.00US$62.00US$119.3518
Aug ’24US$78.99
US$76.17
-3.6%
9.5%US$89.00US$61.00US$122.7118
Jul ’24US$76.29
US$74.39
-2.5%
10.2%US$89.00US$60.00US$130.8918
Jun ’24US$72.20
US$72.94
+1.0%
10.6%US$89.00US$60.00US$117.1718
May ’24US$63.25
US$70.47
+11.4%
9.9%US$86.00US$58.00US$101.3419
Apr ’24US$63.37
US$71.70
+13.1%
9.1%US$86.00US$58.00US$104.8820
Mar ’24US$64.75
US$73.05
+12.8%
12.0%US$100.00US$58.00US$107.5621
Feb ’24US$65.96
US$76.67
+16.2%
14.4%US$110.00US$58.00US$87.1821
Jan ’24US$59.29
US$77.14
+30.1%
14.4%US$110.00US$58.00US$87.6521
Dec ’23US$66.96
US$80.86
+20.8%
13.7%US$110.00US$65.00US$90.9721

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/31 20:36
End of Day Share Price 2024/12/30 00:00
Earnings2024/10/25
Annual Earnings2024/04/26

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

NetApp, Inc. is covered by 69 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James KelleherArgus Research Company
Josep BoriAtlantic Equities LLP
Jayson NolandBaird