NTAP · NetApp, Inc.

$152.452026-07-21

Sector: Technology; Industry: Computer Hardware; Sub-Industry: Technology Hardware, Storage & Peripherals

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)

Bull

$188

+23.1% vs market

Base · active

$144

-5.4% vs market

Bear

$118

-22.5% vs market

Mulya.ai vs Analyst IV Comparison?

Bear $118

Base $144

Market $152

Median $171

Bull $188

Market Price $152

Mulya.ai Base $144

Analysts Median $171

Mulya.ai IV range ($118 · $188)

Analysts Range ($89 · $200)

Fundamentals · historical + forward · base

italics = DCF projection

Period	Revenue	Rev Gr ?	Ops M% ?	Tax Rate ?	NOPAT ?	Reinvest ?	FCFF ?	WACC% ?	PV FCFF ?	ROIC ?	Inv. Cap ?	EPS ?	P/E
2024.Q4	$6.3B	—	21.5%	21.9%	$1.1B	−$618MM	$433MM	9.9%	—	30.5%	$3.4B	$4.95	—
2025.Q3	$6.6B	4.9%	22.6%	19.3%	$1.2B	−$382MM	$815MM	10.9%	—	32.9%	$3.8B	$5.96	—
2025.Q4	$6.6B	0.0%	22.6%	14.2%	$1.3B	−$361MM	$911MM	10.4%	—	34.5%	$3.5B	$5.96	—
2026.Q3	$6.9B	5.4%	27.1%	18.3%	$1.5B	−$393MM	$1.1B	10.4%	—	42.6%	$3.7B	$6.41	—
2026.Q4	$6.9B	0.0%	26.7%	22.6%	$1.4B	−$203MM	$1.2B	10.3%	—	41.2%	$3.3B	$6.41	16.4
italics below = DCF projection · 10yr Rev CAGR: 5%
2027.Q4	$7.5B	+8.0%	27.4%	22.3%	$1.6B	−$296MM	$1.3B	11.0%	$1.2B	46.3%	$3.6B	$7.23	21.1
2028.Q4	$7.9B	+5.5%	28.7%	22.1%	$1.8B	−$224MM	$1.5B	10.7%	$1.3B	47.6%	$3.8B	$7.99	19.1
2029.Q4	$8.3B	+5.6%	28.7%	21.8%	$1.9B	−$249MM	$1.6B	10.5%	$1.2B	47.4%	$4.1B	$8.46	18.0
2030.Q4	$8.7B	+4.8%	28.7%	21.5%	$2.0B	−$229MM	$1.7B	10.3%	$1.2B	47.0%	$4.3B	$8.90	17.1
2031.Q4	$9.1B	+4.5%	28.7%	21.3%	$2.1B	−$230MM	$1.8B	10.0%	$1.1B	46.7%	$4.5B	$9.33	16.3

Term. Yr+	$11.7B	4.1%	21.8%	20.0%	$2.0B	−$354MM	$1.7B	8.6%	$14.5B	23.6%	—	—	—

Active scenario IV: $144 (-5.4% vs market)