Financials N-able, Inc.

Equities

NABL

US62878D1000

Software

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
12.4 USD +1.47% Intraday chart for N-able, Inc. +1.72% -6.42%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 1,987 1,857 2,424 2,291 - -
Enterprise Value (EV) 1 2,259 2,096 2,606 2,396 2,307 2,170
P/E ratio - 114 x 102 x 69 x 50.6 x 38.4 x
Yield - - - - - -
Capitalization / Revenue 5.73 x 5 x 5.75 x 4.94 x 4.44 x 3.96 x
EV / Revenue 6.52 x 5.64 x 6.18 x 5.17 x 4.48 x 3.75 x
EV / EBITDA 19.9 x 18.3 x 18.2 x 14.9 x 12.7 x 10.2 x
EV / FCF 154 x 41.6 x 38.5 x 28.7 x 24.2 x 15.6 x
FCF Yield 0.65% 2.41% 2.6% 3.49% 4.13% 6.41%
Price to Book 3.21 x 2.9 x 3.41 x 2.97 x 2.67 x 2.4 x
Nbr of stocks (in thousands) 178,972 180,685 182,927 184,763 - -
Reference price 2 11.10 10.28 13.25 12.40 12.40 12.40
Announcement Date 2/24/22 2/23/23 2/22/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 346.5 371.8 421.9 463.4 515.4 578.1
EBITDA 1 - 113.3 114.7 143.4 160.8 182.3 211.9
EBIT 1 - 98.65 97.95 119.6 134.6 153.3 191.9
Operating Margin - 28.47% 26.35% 28.35% 29.05% 29.74% 33.2%
Earnings before Tax (EBT) 1 - 11.59 30.42 44.33 60.75 73.8 90
Net income 1 -7.158 0.113 16.71 23.41 34.05 46.22 61.76
Net margin - 0.03% 4.49% 5.55% 7.35% 8.97% 10.68%
EPS 2 - - 0.0900 0.1300 0.1797 0.2452 0.3230
Free Cash Flow 1 - 14.68 50.4 67.75 83.57 95.31 139
FCF margin - 4.24% 13.56% 16.06% 18.03% 18.49% 24.05%
FCF Conversion (EBITDA) - 12.95% 43.94% 47.25% 51.98% 52.29% 65.59%
FCF Conversion (Net income) - 12,988.5% 301.69% 289.39% 245.44% 206.2% 225.06%
Dividend per Share - - - - - - -
Announcement Date 3/29/21 2/24/22 2/23/23 2/22/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 88.42 89.5 90.86 91.63 93.53 95.76 99.82 106.1 107.6 108.4 111.2 115.2 117.4 119.4 122.2
EBITDA 1 29.68 27.78 27.03 27.62 28.85 31.2 32.75 34.91 36.55 39.2 37.96 39.98 40.84 42.2 42.55
EBIT 1 26.72 21.17 22.9 23.32 25.11 26.62 27.09 28.7 30.54 33.28 31.77 33.5 34.15 35.5 33.4
Operating Margin 30.22% 23.65% 25.2% 25.45% 26.84% 27.8% 27.14% 27.05% 28.39% 30.69% 28.57% 29.07% 29.1% 29.73% 27.33%
Earnings before Tax (EBT) 1 5.777 3.938 8.601 6.627 4.839 10.36 8.112 9.308 10.12 16.78 13.5 14.1 15.4 17.6 -
Net income 1 1.873 2.056 5.101 4.327 0.294 6.985 3.539 4.509 6.013 9.351 7.4 8.55 9.2 10.05 9.55
Net margin 2.12% 2.3% 5.61% 4.72% 0.31% 7.29% 3.55% 4.25% 5.59% 8.63% 6.66% 7.42% 7.84% 8.42% 7.82%
EPS 2 0.0100 0.0100 0.0300 0.0200 - 0.0400 0.0200 0.0200 0.0300 0.0500 0.0385 0.0476 0.0438 0.0496 0.0500
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 11/9/21 2/24/22 5/12/22 8/11/22 11/10/22 2/23/23 5/10/23 8/10/23 11/13/23 2/22/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - 272 238 182 105 16 -
Net Cash position 1 - - - - - - 121
Leverage (Debt/EBITDA) - 2.401 x 2.076 x 1.269 x 0.6545 x 0.0877 x -
Free Cash Flow 1 - 14.7 50.4 67.8 83.6 95.3 139
ROE (net income / shareholders' equity) - 9.44% 9.81% 10.1% 10.7% 12% 12.8%
ROA (Net income/ Total Assets) - 5.52% 5.79% 6.09% 6.65% 7.7% 8.46%
Assets 1 - 2.045 288.4 384.6 512.3 600.7 730.1
Book Value Per Share 2 - 3.450 3.550 3.880 4.170 4.640 5.170
Cash Flow per Share 2 - 0.2700 0.3900 0.4800 0.5200 0.5300 -
Capex 1 - 30.7 21 22.3 22.6 27.4 21
Capex / Sales - 8.85% 5.65% 5.29% 4.88% 5.31% 3.63%
Announcement Date 3/29/21 2/24/22 2/23/23 2/22/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
12.4 USD
Average target price
15.46 USD
Spread / Average Target
+24.68%
Consensus
  1. Stock Market
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  4. Financials N-able, Inc.