NCNO Stock Analysis: nCino | NASDAQ

Onboarding, Account Opening, Lending, Credit Monitoring

Total Rating 40

Safety 66

Buy Signal 0.56

Software - Application
Industry Rotation: +12.7

Market Cap: 2.09B
Avg Turnover: 36.9M

Risk 3d forecast

Volatility48.6%

VaR 5^th Pctl7.73%

VaR vs Median-3.18%

Choppyness65.3%

Reward TTM

Sharpe Ratio-0.12

Rel. Str. IBD57.3

Rel. Str. Peer Group40.6

Character TTM

Beta0.906

Beta Downside1.083

Hurst Exponent0.512

Drawdowns 3y

Max DD67.14%

CAGR/Max DD-0.14

CAGR/Mean DD-0.31

EPS (Earnings per Share)

EPS CAGR: 54.29%
EPS Trend: 84.6%

Last SUE: 0.29
Qual. Beats: 0

Revenue

Rev. CAGR: 11.65%
Rev. Trend: 99.6%

Last SUE: 0.97
Qual. Beats: 2

Warnings

Altman Z'' In Financial Distress Zone

Tailwinds

Avwap Ph Month

Confidence

Seasonality 6.2 years of data

Jan -5.5% 28

Feb -4.3% 11

Mar -4.2% 29

Apr -4.2% 10

May +4.8% 11

Jun +3.5% 45

Jul +7.7% 40

Aug +2.5% 20

Sep +4.8% 10

Oct +0.4% 9

Nov -3.0% 26

Dec +4.7% 10

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: NCNO nCino

nCino, Inc. (NASDAQ: NCNO) is a software-as-a-service (SaaS) provider that delivers cloud-based banking software to financial institutions across the United States, the United Kingdom, and other international markets. The company sells primarily through a subscription-based business model typical of enterprise SaaS vendors, generating recurring revenue from its installed base of bank and credit union clients.

The companys flagship nCino Platform is organized around the core workflows of retail and commercial banking, including customer onboarding, deposit account opening, and loan origination across commercial, consumer, small business, and mortgage segments. Supporting modules cover credit risk monitoring, portfolio analytics, and integration with core banking systems, fintech applications, and third-party services through open APIs and a partner marketplace.

nCino serves a broad range of financial institution customers, including global, enterprise, regional, and community banks, credit unions, challenger banks, and independent mortgage banks, with users spanning roles such as business development managers, account executives, field sales engineers, and customer success managers. The company was founded in 2011, is headquartered in Wilmington, North Carolina, and completed its initial public offering on July 14, 2020.

Headlines to Watch Out For

Subscription ARR growth remains primary revenue driver
Profitability timeline under scrutiny amid margin pressure
Competition from Temenos and FIS pressures deal win rates

Piotroski VR-10 (Strict) 6.0

Net Income: 33.6m TTM > 0 and > 6% of Revenue
FCF/TA: 0.08 > 0.02 and ΔFCF/TA 4.71 > 1.0
NWC/Revenue: -7.05% < 20% (prev 1.13%; Δ -8.17% < -1%)
CFO/TA 0.09 > 3% & CFO 133.6m > Net Income 33.6m
Net Debt (318.6m) to EBITDA (92.5m): 3.44 < 3
Current Ratio: 0.85 > 1.5 & < 3
Outstanding Shares: last quarter (105.1m) vs 12m ago -8.84% < -2%
Gross Margin: 61.51% > 18% (prev 60.02%; Δ 1.49% > 0.5%)
Asset Turnover: 39.04% > 50% (prev 35.46%; Δ 3.57% > 0%)
Interest Coverage Ratio: 2.82 > 6 (EBIT TTM 51.5m / Interest Expense TTM 18.3m)

Altman Z'' 0.85

A: -0.03 (Total Current Assets 242.9m - Total Current Liabilities 286.8m) / Total Assets 1.57b
B: -0.23 (Retained Earnings -355.7m / Total Assets 1.57b)
C: 0.03 (EBIT TTM 51.5m / Avg Total Assets 1.59b)
D: 1.48 (Book Value of Equity 929.8m / Total Liabilities 626.5m)
Altman-Z'' = 0.85 = B

Beneish M -2.87

DSRI: 1.14 (Receivables 122.4m/98.5m, Revenue 622.2m/573.1m)
GMI: 0.98 (GM 60.02% / 61.51%)
AQI: 1.01 (AQ_t 0.79 / AQ_t-1 0.79)
SGI: 1.09 (Revenue 622.2m / 573.1m)
TATA: -0.06 (NI 33.6m - CFO 133.6m) / TA 1.57b)
Beneish M = -2.87 (Cap -4..+1) = A

What is the price of NCNO shares?

As of October 16, 2026, the stock is trading at USD 21.12 with a total of 2,473,278 shares traded. Over the past week, the price has changed by +7.32%, over one month by -3.61%, over three months by +18.72% and over the past year by -13.09%.

Current recommended Stop Loss: 20.10 (which is 4.8% or 1.3 ATR below the current price).

Is NCNO a buy, sell or hold?

nCino has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy NCNO.

StrongBuy: 4
Buy: 6
Hold: 4
Sell: 0
StrongSell: 0

What are the forecasts/targets for the NCNO price?

Analysts Target Price	24.3	14.9%

nCino (NCNO) - Fundamental Data Overview as of 12 October 2026

Market Cap USD = 2.09b (2.09b USD * 1.0 USD.USD)
P/E Trailing = 61.6563
P/E Forward = 24.8139
P/S = 3.3527
P/B = 2.1879
Revenue TTM = 622.2m USD
EBIT TTM = 51.5m USD
EBITDA TTM = 92.5m USD
Long Term Debt = 265.6m USD (from longTermDebt, last quarter)
Short Term Debt = 13.9m USD (from shortTermDebt, last quarter)
Debt = 401.9m USD (from shortLongTermDebtTotal, last quarter) + Leases 63.3m
Net Debt = 318.6m USD (calculated: Debt 401.9m - CCE 83.3m)
Enterprise Value = 2.40b USD (2.09b + Debt 401.9m - CCE 83.3m)
Interest Coverage Ratio = 2.82 (Ebit TTM 51.5m / Interest Expense TTM 18.3m)
EV/FCF = 18.19x (Enterprise Value 2.40b / FCF TTM 132.2m)
FCF Yield = 5.50% (FCF TTM 132.2m / Enterprise Value 2.40b)
FCF Margin = 21.24% (FCF TTM 132.2m / Revenue TTM 622.2m)
Net Margin = 5.40% (Net Income TTM 33.6m / Revenue TTM 622.2m)
Gross Margin = 61.51% ((Revenue TTM 622.2m - Cost of Revenue TTM 239.5m) / Revenue TTM)
Gross Margin QoQ = 62.59% (prev 60.45%)
Tobins Q-Ratio = 1.53 (Enterprise Value 2.40b / Total Assets 1.57b)
Interest Expense / Debt = 4.54% (Interest Expense 18.3m / Debt 401.9m)
Taxrate = 19.26% (1.53m / 7.92m)
NOPAT = 41.6m (EBIT 51.5m * (1 - 19.26%))
Current Ratio = 0.85 (Total Current Assets 242.9m / Total Current Liabilities 286.8m)
Debt / Equity = 0.43 (Debt 401.9m / totalStockholderEquity, last quarter 929.8m)
Debt / EBITDA = 3.44 (Net Debt 318.6m / EBITDA 92.5m)
Debt / FCF = 2.41 (Net Debt 318.6m / FCF TTM 132.2m)
Total Stockholder Equity = 999.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.11% (Net Income 33.6m / Total Assets 1.57b)
RoE = 3.36% (Net Income TTM 33.6m / Total Stockholder Equity 999.4m)
RoCE = 4.07% (EBIT 51.5m / Capital Employed (Equity 999.4m + L.T.Debt 265.6m))
RoIC = 3.28% (NOPAT 41.6m / Invested Capital 1.27b)
WACC = 8.28% (E(2.09b)/V(2.49b) * Re(9.17%) + D(401.9m)/V(2.49b) * Rd(4.54%) * (1-Tc(0.19)))
Discount Rate = 9.17% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -63.39 | Cagr: -3.64%
[DCF] Terminal Value 77.97% ; FCFF base≈103.2m ; Y1≈118.3m ; Y5≈174.1m
[DCF] Fair Price = 21.77 (EV 2.62b - Net Debt 318.6m = Equity 2.30b / Shares 105.7m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 84.62 | EPS CAGR: 54.29% | SUE: 0.29 | # QB: 0
Revenue Correlation: 99.57 | Revenue CAGR: 11.65% | SUE: 0.97 | # QB: 2
EPS current Quarter (2026-10-31): EPS=0.33 | Chg30d=+0.00% | Revisions=+46% | Analysts=13
EPS current Year (2027-01-31): EPS=1.30 | Chg30d=+0.00% | Revisions=+80% | GrowthEPS=+21.5% | GrowthRev=+8.6%
EPS next Year (2028-01-31): EPS=1.58 | Chg30d=+0.00% | Revisions=+81% | GrowthEPS=+21.8% | GrowthRev=+8.5%
[Analyst] Revisions Ratio: +82% (up=33, down=2)