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NABL

N-able NYSE:NABL Stock Report

Last Price

US$10.56

Market Cap

US$1.9b

7D

10.9%

1Y

-20.5%

Updated

18 Aug, 2022

Data

Company Financials +
NABL fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance3/6
Financial Health1/6
Dividends0/6

NABL Stock Overview

N-able, Inc. provides cloud-based software solutions for managed service providers (MSPs) in the United States, the United Kingdom, and internationally.

N-able Competitors

Price History & Performance

Summary of all time highs, changes and price drops for N-able
Historical stock prices
Current Share PriceUS$10.56
52 Week HighUS$15.77
52 Week LowUS$8.12
Beta0
1 Month Change15.41%
3 Month Change11.39%
1 Year Change-20.54%
3 Year Changen/a
5 Year Changen/a
Change since IPO-34.00%

Recent News & Updates

Aug 11

N-able Non-GAAP EPS of $0.09 beats by $0.02, revenue of $91.63M beats by $0.47M

N-able press release (NYSE:NABL): Q2 Non-GAAP EPS of $0.09 beats by $0.02. Revenue of $91.63M (+7.4% Y/Y) beats by $0.47M.

Shareholder Returns

NABLUS SoftwareUS Market
7D10.9%0.2%1.4%
1Y-20.5%-16.6%-8.4%

Return vs Industry: NABL underperformed the US Software industry which returned -15.3% over the past year.

Return vs Market: NABL underperformed the US Market which returned -9% over the past year.

Price Volatility

Is NABL's price volatile compared to industry and market?
NABL volatility
NABL Average Weekly Movement7.6%
Software Industry Average Movement10.1%
Market Average Movement7.6%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.1%

Stable Share Price: NABL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: NABL's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20001,448John Pagliucahttps://www.n-able.com

N-able, Inc. provides cloud-based software solutions for managed service providers (MSPs) in the United States, the United Kingdom, and internationally. The company’s solutions enable MSPs to support digital transformation and growth within small and medium-sized enterprises. Its software platform is designed to be an enterprise-grade solution that serves as an operating system for its MSP partners and scales as their businesses grow.

N-able Fundamentals Summary

How do N-able's earnings and revenue compare to its market cap?
NABL fundamental statistics
Market CapUS$1.90b
Earnings (TTM)US$13.36m
Revenue (TTM)US$360.41m

142.5x

P/E Ratio

5.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NABL income statement (TTM)
RevenueUS$360.41m
Cost of RevenueUS$50.50m
Gross ProfitUS$309.92m
Other ExpensesUS$296.56m
EarningsUS$13.36m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.074
Gross Margin85.99%
Net Profit Margin3.71%
Debt/Equity Ratio55.8%

How did NABL perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is NABL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NABL?

Other financial metrics that can be useful for relative valuation.

NABL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue6.1x
Enterprise Value/EBITDA34.8x
PEG Ratio2.6x

Price to Earnings Ratio vs Peers

How does NABL's PE Ratio compare to its peers?

NABL PE Ratio vs Peers
The above table shows the PE ratio for NABL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average48.7x
PRGS Progress Software
23.3x3.6%US$2.2b
CVLT Commvault Systems
114.2x29.8%US$2.7b
ATEN A10 Networks
12.2x-40.7%US$1.3b
TDC Teradata
45x42.8%US$3.7b
NABL N-able
142.5x55.6%US$1.9b

Price-To-Earnings vs Peers: NABL is expensive based on its Price-To-Earnings Ratio (142.5x) compared to the peer average (48.7x).


Price to Earnings Ratio vs Industry

How does NABL's PE Ratio compare vs other companies in the US Software Industry?

Price-To-Earnings vs Industry: NABL is expensive based on its Price-To-Earnings Ratio (142.5x) compared to the US Software industry average (47.4x)


Price to Earnings Ratio vs Fair Ratio

What is NABL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NABL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio142.5x
Fair PE Ratio48.6x

Price-To-Earnings vs Fair Ratio: NABL is expensive based on its Price-To-Earnings Ratio (142.5x) compared to the estimated Fair Price-To-Earnings Ratio (48.6x).


Share Price vs Fair Value

What is the Fair Price of NABL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NABL ($10.56) is trading below our estimate of fair value ($31.85)

Significantly Below Fair Value: NABL is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is N-able forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


55.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NABL's forecast earnings growth (55.6% per year) is above the savings rate (1.9%).

Earnings vs Market: NABL's earnings (55.6% per year) are forecast to grow faster than the US market (14.4% per year).

High Growth Earnings: NABL's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NABL's revenue (11.9% per year) is forecast to grow faster than the US market (7.8% per year).

High Growth Revenue: NABL's revenue (11.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NABL's Return on Equity is forecast to be low in 3 years time (12.1%).


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Past Performance

How has N-able performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


54.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NABL has high quality earnings.

Growing Profit Margin: NABL became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: NABL has become profitable over the past 5 years, growing earnings by 54.6% per year.

Accelerating Growth: NABL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: NABL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (18.5%).


Return on Equity

High ROE: NABL's Return on Equity (2.2%) is considered low.


Discover strong past performing companies

Financial Health

How is N-able's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NABL's short term assets ($143.4M) exceed its short term liabilities ($58.5M).

Long Term Liabilities: NABL's short term assets ($143.4M) do not cover its long term liabilities ($374.3M).


Debt to Equity History and Analysis

Debt Level: NABL's net debt to equity ratio (41.5%) is considered high.

Reducing Debt: Insufficient data to determine if NABL's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: NABL's debt is not well covered by operating cash flow (17.2%).

Interest Coverage: NABL's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet


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Dividend

What is N-able current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate NABL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NABL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NABL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NABL's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as NABL has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average management tenure


CEO

John Pagliuca (45 yo)

1.58yrs

Tenure

US$9,486,833

Compensation

Mr. John Pagliuca serves as Director of N-able, Inc. since July 12, 2021 and serves as President and Chief Executive Officer. He served as Executive Vice President & President of N-Able at SolarWinds Corpo...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD9.49M) is above average for companies of similar size in the US market ($USD5.41M).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: NABL's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: NABL's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

N-able, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: N-able, Inc.
  • Ticker: NABL
  • Exchange: NYSE
  • Founded: 2000
  • Industry: Systems Software
  • Sector: Software
  • Implied Market Cap: US$1.903b
  • Shares outstanding: 180.21m
  • Website: https://www.n-able.com

Number of Employees


Location

  • N-able, Inc.
  • 30 Corporate Drive
  • Suite 400
  • Burlington
  • Massachusetts
  • 1803
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/18 00:00
End of Day Share Price2022/08/18 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.