NATI Stock Overview
National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide.
National Instruments Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$41.72|
|52 Week High||US$47.08|
|52 Week Low||US$38.10|
|1 Month Change||-1.44%|
|3 Month Change||3.34%|
|1 Year Change||-8.29%|
|3 Year Change||-9.05%|
|5 Year Change||34.97%|
|Change since IPO||956.04%|
Recent News & Updates
We Think National Instruments (NASDAQ:NATI) Can Manage Its Debt With Ease
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Slowing Rates Of Return At National Instruments (NASDAQ:NATI) Leave Little Room For Excitement
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
An Intrinsic Calculation For National Instruments Corporation (NASDAQ:NATI) Suggests It's 27% Undervalued
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of National Instruments...
|NATI||US Electronic||US Market|
Return vs Industry: NATI underperformed the US Electronic industry which returned 9.7% over the past year.
Return vs Market: NATI underperformed the US Market which returned 13.7% over the past year.
|NATI Average Weekly Movement||3.8%|
|Electronic Industry Average Movement||7.5%|
|Market Average Movement||6.6%|
|10% most volatile stocks in US Market||15.9%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: NATI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: NATI's weekly volatility (4%) has been stable over the past year.
About the Company
National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes NI LabVIEW, a graphical software platform to visualize hardware configuration, measurement data, and debugging of application; NI LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox; and NI Measurement Studio, a suite of NET tools for building engineering applications in Microsoft Visual Studio.
National Instruments Fundamentals Summary
|NATI fundamental statistics|
Is NATI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NATI income statement (TTM)|
|Cost of Revenue||US$404.99m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Jan 27, 2022
|Earnings per share (EPS)||0.41|
|Net Profit Margin||3.79%|
How did NATI perform over the long term?See historical performance and comparison
2.6%Current Dividend Yield
Is National Instruments undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NATI ($41.72) is trading below our estimate of fair value ($58.33)
Significantly Below Fair Value: NATI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NATI is poor value based on its PE Ratio (102.4x) compared to the US Electronic industry average (18.4x).
PE vs Market: NATI is poor value based on its PE Ratio (102.4x) compared to the US market (17.4x).
Price to Earnings Growth Ratio
PEG Ratio: NATI is poor value based on its PEG Ratio (3.5x)
Price to Book Ratio
PB vs Industry: NATI is overvalued based on its PB Ratio (4.5x) compared to the US Electronic industry average (2.5x).
How is National Instruments forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NATI's forecast earnings growth (29.3% per year) is above the savings rate (2%).
Earnings vs Market: NATI's earnings (29.3% per year) are forecast to grow faster than the US market (13% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NATI's revenue (10.4% per year) is forecast to grow faster than the US market (9.3% per year).
High Growth Revenue: NATI's revenue (10.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NATI's Return on Equity is forecast to be high in 3 years time (21.1%)
How has National Instruments performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NATI has a large one-off loss of $54.1M impacting its September 30 2021 financial results.
Growing Profit Margin: NATI's current net profit margins (3.8%) are lower than last year (15.4%).
Past Earnings Growth Analysis
Earnings Trend: NATI's earnings have grown by 7.7% per year over the past 5 years.
Accelerating Growth: NATI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NATI had negative earnings growth (-72.8%) over the past year, making it difficult to compare to the Electronic industry average (42.1%).
Return on Equity
High ROE: NATI's Return on Equity (4.4%) is considered low.
How is National Instruments's financial position?
Financial Position Analysis
Short Term Liabilities: NATI's short term assets ($835.8M) exceed its short term liabilities ($353.3M).
Long Term Liabilities: NATI's short term assets ($835.8M) exceed its long term liabilities ($258.6M).
Debt to Equity History and Analysis
Debt Level: NATI has more cash than its total debt.
Reducing Debt: NATI's debt to equity ratio has increased from 2.3% to 8.2% over the past 5 years.
Debt Coverage: NATI's debt is well covered by operating cash flow (158%).
Interest Coverage: NATI's interest payments on its debt are well covered by EBIT (46.1x coverage).
What is National Instruments's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NATI's dividend (2.59%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: NATI's dividend (2.59%) is low compared to the top 25% of dividend payers in the US market (3.44%).
Stability and Growth of Payments
Stable Dividend: NATI's dividends per share have been stable in the past 10 years.
Growing Dividend: NATI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (263.6%), NATI's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NATI's dividends in 3 years are forecast to be well covered by earnings (40.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Eric Starkloff (46 yo)
Mr. Eric Howard Starkloff serves as Chief Executive Officer and Director of National Instruments Corporation since February 1, 2020. He has been President National Instruments Corporation since October 23,...
CEO Compensation Analysis
Compensation vs Market: Eric's total compensation ($USD11.47M) is above average for companies of similar size in the US market ($USD6.40M).
Compensation vs Earnings: Eric's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: NATI's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Experienced Board: NATI's board of directors are considered experienced (3.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NATI insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
National Instruments Corporation's employee growth, exchange listings and data sources
- Name: National Instruments Corporation
- Ticker: NATI
- Exchange: NasdaqGS
- Founded: 1976
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Implied Market Cap: US$5.502b
- Shares outstanding: 131.88m
- Website: https://www.ni.com
Number of Employees
- National Instruments Corporation
- 11500 North MoPac Expressway
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/16 23:18|
|End of Day Share Price||2022/01/14 00:00|
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.