NetApp Free Cash Flow Yield vs Ev To Free Cash Flow Analysis

NTAP Stock

USD 123.79 3.81 2.99%

NetApp financial indicator trend analysis is infinitely more than just investigating NetApp Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NetApp Inc is a good investment. Please check the relationship between NetApp Free Cash Flow Yield and its Ev To Free Cash Flow accounts. 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 closely tied with the direction of predictive economic indicators such as signals in nation.

Free Cash Flow Yield vs Ev To Free Cash Flow

Free Cash Flow Yield vs Ev To Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NetApp Inc Free Cash Flow Yield account and Ev To Free Cash Flow. At this time, the significance of the direction appears to have pay attention.

The correlation between NetApp's Free Cash Flow Yield and Ev To Free Cash Flow is -0.93. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Ev To Free Cash Flow in the same time period over historical financial statements of NetApp Inc, assuming nothing else is changed. The correlation between historical values of NetApp's Free Cash Flow Yield and Ev To Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of NetApp Inc are associated (or correlated) with its Ev To Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Free Cash Flow has no effect on the direction of Free Cash Flow Yield i.e., NetApp's Free Cash Flow Yield and Ev To Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.93

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Ev To Free Cash Flow

A valuation metric comparing the company's enterprise value to its free cash flow, used to evaluate whether a company is undervalued or overvalued.

Most indicators from NetApp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NetApp Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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 closely tied with the direction of predictive economic indicators such as signals in nation.

As of 12/11/2024, Selling General Administrative is likely to drop to about 220 M. In addition to that, Tax Provision is likely to drop to about 175.8 M

	2021	2022	2023	2024 (projected)
Gross Profit	4.2B	4.2B	4.4B	2.5B
Total Revenue	6.3B	6.4B	6.3B	4.0B

Gross Profit Total Revenue

NetApp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Common Stock Total Equity	Other Stockholder Equity
Total Assets		0.67	0.35	0.9	0.49	0.77	0.85	-0.49	0.27	0.45	0.75	0.56	0.36	0.84	0.79	0.25	0.47	0.54	0.79	0.6	0.69	0.91	0.43	0.5	0.29	-0.26
Short Long Term Debt Total	0.67		0.77	0.66	0.0	0.27	0.75	0.17	-0.07	0.7	0.27	0.88	0.45	0.39	0.63	-0.33	-0.07	0.9	0.59	0.6	0.94	0.47	0.01	-0.05	0.25	0.1
Other Current Liab	0.35	0.77		0.5	-0.15	0.12	0.44	0.46	0.0	0.73	-0.08	0.85	0.13	0.06	0.44	-0.39	-0.14	0.69	0.42	0.49	0.79	0.14	0.08	-0.23	-0.03	0.04
Total Current Liabilities	0.9	0.66	0.5		0.22	0.59	0.87	-0.28	0.17	0.6	0.56	0.6	0.39	0.65	0.86	0.0	0.24	0.57	0.83	0.41	0.75	0.74	0.46	0.23	0.24	-0.16
Total Stockholder Equity	0.49	0.0	-0.15	0.22		0.84	0.0	-0.78	0.64	-0.31	0.78	-0.07	-0.25	0.79	-0.01	0.93	0.95	-0.3	0.18	0.53	-0.1	0.72	0.72	0.99	0.14	-0.65
Property Plant And Equipment Net	0.77	0.27	0.12	0.59	0.84		0.44	-0.68	0.5	0.04	0.78	0.25	-0.04	0.84	0.44	0.71	0.83	0.05	0.53	0.66	0.27	0.85	0.67	0.84	0.17	-0.5
Current Deferred Revenue	0.85	0.75	0.44	0.87	0.0	0.44		-0.09	-0.12	0.65	0.37	0.7	0.59	0.48	0.91	-0.24	-0.01	0.79	0.82	0.43	0.83	0.61	0.02	0.01	0.25	0.14
Net Debt	-0.49	0.17	0.46	-0.28	-0.78	-0.68	-0.09		-0.45	0.26	-0.9	0.39	0.2	-0.83	-0.15	-0.84	-0.77	0.33	-0.13	-0.16	0.18	-0.76	-0.59	-0.84	-0.2	0.49
Retained Earnings	0.27	-0.07	0.0	0.17	0.64	0.5	-0.12	-0.45		-0.3	0.45	-0.11	-0.29	0.46	-0.04	0.67	0.55	-0.32	0.18	0.31	-0.14	0.42	0.63	0.63	-0.43	-1.0
Accounts Payable	0.45	0.7	0.73	0.6	-0.31	0.04	0.65	0.26	-0.3		0.06	0.71	0.27	0.13	0.76	-0.5	-0.25	0.84	0.57	0.39	0.86	0.26	-0.14	-0.35	0.15	0.33
Cash	0.75	0.27	-0.08	0.56	0.78	0.78	0.37	-0.9	0.45	0.06		0.0	-0.02	0.98	0.4	0.69	0.73	0.05	0.36	0.42	0.23	0.94	0.63	0.8	0.28	-0.47
Non Current Assets Total	0.56	0.88	0.85	0.6	-0.07	0.25	0.7	0.39	-0.11	0.71	0.0		0.52	0.16	0.61	-0.38	-0.11	0.85	0.63	0.63	0.9	0.27	-0.03	-0.15	0.12	0.16
Non Currrent Assets Other	0.36	0.45	0.13	0.39	-0.25	-0.04	0.59	0.2	-0.29	0.27	-0.02	0.52		0.02	0.42	-0.42	-0.27	0.56	0.33	0.08	0.51	0.1	-0.2	-0.25	0.29	0.32
Cash And Short Term Investments	0.84	0.39	0.06	0.65	0.79	0.84	0.48	-0.83	0.46	0.13	0.98	0.16	0.02		0.47	0.65	0.76	0.15	0.46	0.53	0.34	0.98	0.63	0.81	0.3	-0.48
Net Receivables	0.79	0.63	0.44	0.86	-0.01	0.44	0.91	-0.15	-0.04	0.76	0.4	0.61	0.42	0.47		-0.17	0.01	0.73	0.8	0.42	0.8	0.61	0.08	0.0	0.11	0.06
Common Stock Shares Outstanding	0.25	-0.33	-0.39	0.0	0.93	0.71	-0.24	-0.84	0.67	-0.5	0.69	-0.38	-0.42	0.65	-0.17		0.89	-0.56	-0.03	0.29	-0.38	0.55	0.67	0.94	-0.03	-0.7
Short Term Investments	0.47	-0.07	-0.14	0.24	0.95	0.83	-0.01	-0.77	0.55	-0.25	0.73	-0.11	-0.27	0.76	0.01	0.89		-0.34	0.17	0.46	-0.13	0.69	0.73	0.95	0.3	-0.57
Non Current Liabilities Total	0.54	0.9	0.69	0.57	-0.3	0.05	0.79	0.33	-0.32	0.84	0.05	0.85	0.56	0.15	0.73	-0.56	-0.34		0.55	0.46	0.95	0.28	-0.33	-0.34	0.16	0.36
Inventory	0.79	0.59	0.42	0.83	0.18	0.53	0.82	-0.13	0.18	0.57	0.36	0.63	0.33	0.46	0.8	-0.03	0.17	0.55		0.57	0.68	0.59	0.28	0.18	0.13	-0.15
Other Current Assets	0.6	0.6	0.49	0.41	0.53	0.66	0.43	-0.16	0.31	0.39	0.42	0.63	0.08	0.53	0.42	0.29	0.46	0.46	0.57		0.58	0.59	0.26	0.46	0.03	-0.28
Total Liab	0.69	0.94	0.79	0.75	-0.1	0.27	0.83	0.18	-0.14	0.86	0.23	0.9	0.51	0.34	0.8	-0.38	-0.13	0.95	0.68	0.58		0.46	-0.02	-0.15	0.19	0.18
Total Current Assets	0.91	0.47	0.14	0.74	0.72	0.85	0.61	-0.76	0.42	0.26	0.94	0.27	0.1	0.98	0.61	0.55	0.69	0.28	0.59	0.59	0.46		0.58	0.74	0.28	-0.43
Short Term Debt	0.43	0.01	0.08	0.46	0.72	0.67	0.02	-0.59	0.63	-0.14	0.63	-0.03	-0.2	0.63	0.08	0.67	0.73	-0.33	0.28	0.26	-0.02	0.58		0.72	0.14	-0.64
Common Stock	0.5	-0.05	-0.23	0.23	0.99	0.84	0.01	-0.84	0.63	-0.35	0.8	-0.15	-0.25	0.81	0.0	0.94	0.95	-0.34	0.18	0.46	-0.15	0.74	0.72		0.16	-0.65
Common Stock Total Equity	0.29	0.25	-0.03	0.24	0.14	0.17	0.25	-0.2	-0.43	0.15	0.28	0.12	0.29	0.3	0.11	-0.03	0.3	0.16	0.13	0.03	0.19	0.28	0.14	0.16		0.42
Other Stockholder Equity	-0.26	0.1	0.04	-0.16	-0.65	-0.5	0.14	0.49	-1.0	0.33	-0.47	0.16	0.32	-0.48	0.06	-0.7	-0.57	0.36	-0.15	-0.28	0.18	-0.43	-0.64	-0.65	0.42

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NetApp Account Relationship Matchups

NetApp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.5B	9.4B	10.0B	9.8B	9.9B	6.2B
Short Long Term Debt Total	1.7B	2.7B	2.6B	2.4B	2.7B	2.8B
Other Current Liab	774M	921M	878M	810M	1.5B	1.6B
Total Current Liabilities	3.6B	3.5B	4.0B	3.5B	4.1B	2.2B
Total Stockholder Equity	242M	685M	838M	1.2B	1.1B	1.9B
Property Plant And Equipment Net	727M	525M	602M	650M	851M	647.9M
Current Deferred Revenue	1.9B	2.1B	2.2B	2.2B	2.2B	1.1B
Net Debt	(1.2B)	(2.0B)	(1.5B)	73M	749M	786.5M
Accounts Payable	426M	420M	607M	392M	517M	542.9M
Cash	2.9B	4.6B	4.1B	2.3B	1.9B	2.6B
Non Current Assets Total	3.2B	3.4B	4.1B	5.1B	5.0B	5.2B
Non Currrent Assets Other	699M	694M	526M	1.5B	243M	346.1M
Cash And Short Term Investments	2.9B	4.6B	4.1B	3.1B	3.3B	3.0B
Net Receivables	973M	945M	1.2B	987M	1.0B	630.5M
Common Stock Shares Outstanding	233M	226M	229M	220M	213M	252.4M
Short Term Investments	224M	67M	22M	754M	1.4B	1.3B
Liabilities And Stockholders Equity	7.5B	9.4B	10.0B	9.8B	9.9B	6.2B
Non Current Liabilities Total	3.7B	5.2B	5.2B	5.2B	4.6B	4.9B
Inventory	145M	114M	204M	167M	186M	98.0M
Other Current Assets	274M	346M	377M	456M	446M	612.4M
Total Liab	7.3B	8.7B	9.2B	8.7B	8.7B	9.2B
Total Current Assets	4.3B	6.0B	5.9B	4.7B	4.9B	4.0B
Accumulated Other Comprehensive Income	(42M)	(30M)	(44M)	(51M)	(59M)	(56.1M)
Short Term Debt	522M	49M	297M	47M	440M	425.6M
Common Stock	242M	685M	760M	945M	997M	1.1B
Common Stock Total Equity	284M	504M	760M	945M	1.1B	750.9M
Other Stockholder Equity	42M	(181M)	(44M)	(51M)	(45.9M)	(43.6M)
Property Plant And Equipment Gross	864M	639M	2.1B	2.3B	2.3B	2.4B
Other Liab	2.4B	2.6B	2.8B	2.6B	2.9B	3.1B
Other Assets	535M	694M	991M	1.2B	1.4B	1.4B
Property Plant Equipment	727M	525M	602M	650M	747.5M	741.8M
Good Will	1.8B	2.0B	2.3B	2.8B	3.2B	3.3B
Intangible Assets	44M	101M	142M	181M	124M	95.7M
Long Term Debt	1.1B	2.6B	2.4B	2.4B	2.0B	1.3B
Net Tangible Assets	(1.6B)	(1.5B)	(1.7B)	(1.8B)	(1.6B)	(1.5B)
Deferred Long Term Liab	97M	89M	111M	117M	105.3M	100.0M

Pair Trading with NetApp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NetApp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NetApp will appreciate offsetting losses from the drop in the long position's value.

Moving together with NetApp Stock

0.67

HPE

Hewlett Packard Ente Downward Rally

Pair Corr

The ability to find closely correlated positions to NetApp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NetApp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NetApp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NetApp Inc to buy it.

The correlation of NetApp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NetApp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NetApp Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for NetApp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for NetApp Stock Analysis

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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