NTNX NTNX

Name: NTNX Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored April 5, 2026

Price at analysis: $41.10

Crucible Score

67.5

B-

Quality × Value Composite

KQI — Quality

73.2

B+

Fundamental Quality Index

KVI — Value

60.5

C+

Valuation Attractiveness Index

Crucible Verdict — NTNX

Nutanix (NTNX) presents a classic growth story with strong fundamentals but execution challenges, earning a B- Crucible Score of 67.5 driven by solid quality metrics (73.2 KQI) but weaker value proposition (60.5 KVI). The company's durable competitive moat (81) and effective management under CEO Ramaswami contrast sharply with concerning market position (52) and diversification scores (54). Trading at $41 against a $50 fair value, NTNX offers upside if management can translate competitive advantages into market share gains.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

74.7

Growth Profile

67.1

Moat Durability

81.0

Management Effectiveness

78.3

Diversification & Resilience

54.0

Market Position

52.0

Weakest dimension: Market Position (52.0)

◆ KVI Value Dimensions

DCF Margin of Safety

66.5

FCF Yield & Cash Returns

73.6

Relative Valuation

43.5

Growth-Adjusted Value

31.9

Historical Valuation

90.5

Macro Context

55.6

◆ DCF Valuation Scenarios

Bear Case

$30.52

Base Case

$50.18

Bull Case

$76.43

Price at Analysis

$41.10

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$30.52	8.0%	14.0%	7.4%
🟢 Base	$50.18	12.0%	18.0%	7.2%
🟢 Bull	$76.43	16.0%	22.0%	7.0%

Key Assumptions: WACC derived from CAPM using 4.31% risk-free rate, 0.52 beta, and 5.5% ERP yielding ~7.2% base WACC; bear/bull adjusted +/-20bps. Revenue growth anchored on trailing 5-year CAGR of ~16% decelerating over projection period. Operating margins projected to expand from current ~7% toward 14-22% terminal levels reflecting the company's ongoing transition to a subscription/recurring revenue model with significant operating leverage, while FCF conversion remains strong as demonstrated by the most recent year's $750M FCF on $2.5B revenue. Net debt of ~$713M subtracted from enterprise value across all scenarios.

◆ Financial Snapshot

Profitability

Gross Margin87.1%

Operating Margin8.0%

Net Margin9.9%

ROIC23.9%

ROE-32.1%

Balance Sheet

Balance SheetD/E: -1.86*, CR: 1.65* (* = TTM)

Cash ConversionFCF/EPS: 2.91x

Capital IntensityCapex/Rev: 2.8%

Altman Z-Score0.94 (Distress)

Piotroski F-Score5/9 (Mixed)

Growth

Revenue CAGR16.2% CAGR

Earnings CAGR-14.0% CAGR

Growth ConsistencyCV: 0.90

Segment Breadth2/2 growing (100%)

Quarterly TrendRev↘+10%, Margin↑, WC↓, Exp↓

Earnings CredibilityConsistent Beater

◆ Analyst Consensus & Leadership

Leadership & Governance

CEORajiv Ramaswami · 5 years

CEO Ownership2.4%

Compensation96% performance-based

Insider ActivityNeutral

Capital AllocationROIC 23.9% vs WACC 1.1%

Earnings Beat Rate95% (20/22)

◆ Related Companies in Our Universe

Other Unknown companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted April 5, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.