As part of our ongoing series here at The Acquirer’s Multiple, we provide this feature article titled ‘Stock in Focus‘ where we focus on one of the stocks from our Stock Screeners.
One of the cheapest stocks in our Stock Screeners is NetApp Inc. (NASDAQ: NTAP).
NetApp is a leading provider of enterprise data management and storage solutions. The company’s three operating business units are products, software maintenance, and hardware maintenance. NetApp transitioned from a data center storage firm to a company with software data management solutions for multicloud environments. The California-headquartered company sells globally and has approximately 10,000 employees.
A quick look at NetApp’s share price history (below) over the past twelve months shows that the price is up 7%. Here’s why the company is undervalued.
Summary
Market Cap: $9.10 Billion
Enterprise Value: $8.03 Billion
Operating Earnings*
Operating Earnings: $931 Million
Acquirer’s Multiple
Acquirer’s Multiple: 8.62
Free Cash Flow (TTM)
Free Cash Flow: $936 Million
FCF/EV Yield:
FCF/EV Yield: 12%
Other Indicators
Piotroski F-Score: 6
Altman Z-Score: 2.02
Beneish M-Score: -2.83
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