The Discounted Cash Flow (DCF) valuation of NETGEAR Inc (NTGR) is 33.30 USD. With the latest stock price at 29.98 USD, the upside of NETGEAR Inc based on DCF is 11.1%.

Is NTGR a buy or a sell?

Based on the latest price of 29.98 USD and our DCF valuation, NETGEAR Inc (NTGR) is a buy. Buying NTGR stocks now will result in a potential gain of 11.1%.

	Range	Selected
WACC / Discount Rate	6.8% - 8.4%	7.6%
Long-term Growth Rate	2.5% - 4.5%	3.5%
Fair Price	25.87 - 52.22	33.30
Upside	-13.7% - 74.2%	11.1%

29.98 USD

Stock Price

33.30 USD

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

NTGR DCF Valuation: Revenue & Expenses Forecast

(USD in millions)		Projections

	12-2024	12-2025	12-2026	12-2027	12-2028	12-2029

Revenue	674	706	745	776	802	818
% Growth	9%	5%	6%	4%	3%	2%

Cost of goods sold	(478)	(490)	(507)	(518)	(525)	(525)
% of Revenue	71%	70%	68%	67%	65%	64%

Selling, G&A expenses	(176)	(185)	(195)	(203)	(210)	(214)
% of Revenue	26%	26%	26%	26%	26%	26%

Research & Development	(81)	(85)	(90)	(93)	(97)	(98)
% of Revenue	12%	12%	12%	12%	12%	12%

Net interest & other expenses	86	90	95	99	103	105
% of Revenue	13%	13%	13%	13%	13%	13%

Tax expense	(13)	(9)	(12)	(15)	(18)	(21)
Tax rate	50%	25%	25%	25%	25%	25%

Net profit	12	27	37	46	56	65
% Margin	2%	4%	5%	6%	7%	8%