(NABL) N-Able - Overview
Sector: Technology | Industry: Information Technology Services | Exchange: NYSE (USA) | Market Cap: 689m USD | Total Return: -53.9% in 12m
Avg Turnover: 5.94M
EPS Trend: -50.6%
Qual. Beats: 0
Rev. Trend: 99.4%
Qual. Beats: 10
Warnings
Altman Z'' 0.72 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
No distinct edge detected
N-able, Inc. (NABL) provides a comprehensive software-as-a-service (SaaS) platform tailored primarily for Managed Service Providers (MSPs). Its core offerings include unified endpoint management, remote monitoring, and multi-tenant security operations designed to oversee complex IT infrastructures. The company operates within the Systems Software sub-industry, a sector characterized by high recurring revenue streams and scalable cloud-based delivery models.
The company’s technology stack functions as a centralized operating system for IT professionals, integrating data protection, automated scripting, and backup-as-a-service (BaaS) capabilities. By consolidating tools for endpoint security and disaster recovery into a single dashboard, N-able addresses the increasing demand for outsourced IT management among small and medium-sized enterprises. Investors may find more comprehensive financial metrics and peer comparisons by exploring ValueRay.
Headquartered in Burlington, Massachusetts, N-able focuses on the professional services automation (PSA) market to streamline administrative workflows for its global client base. This business model relies on the ongoing digital transformation of businesses that require continuous monitoring of networks, virtual machines, and cloud-based applications to maintain operational uptime.
- Managed Service Provider adoption of unified endpoint management drives recurring subscription revenue growth
- Expansion of security-as-a-service portfolio increases average revenue per user among IT partners
- High cloud infrastructure costs impact gross margins for data protection and recovery solutions
- Consolidation in the MSP software market creates competitive pressure from larger platform incumbents
| Net Income: -10.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 0.07 > 1.0 |
| NWC/Revenue: 7.70% < 20% (prev 6.40%; Δ 1.30% < -1%) |
| CFO/TA 0.07 > 3% & CFO 91.0m > Net Income -10.5m |
| Net Debt (360.4m) to EBITDA (95.5m): 3.78 < 3 |
| Current Ratio: 1.24 > 1.5 & < 3 |
| Outstanding Shares: last quarter (187.5m) vs 12m ago -0.37% < -2% |
| Gross Margin: 77.64% > 18% (prev 0.81%; Δ 7.68k% > 0.5%) |
| Asset Turnover: 38.36% > 50% (prev 34.81%; Δ 3.55% > 0%) |
| Interest Coverage Ratio: 2.57 > 6 (EBITDA TTM 95.5m / Interest Expense TTM 21.3m) |
| A: 0.03 (Total Current Assets 208.0m - Total Current Liabilities 167.4m) / Total Assets 1.40b |
| B: 0.04 (Retained Earnings 53.6m / Total Assets 1.40b) |
| C: 0.04 (EBIT TTM 54.9m / Avg Total Assets 1.37b) |
| D: 0.12 (Book Value of Equity 74.4m / Total Liabilities 596.5m) |
| Altman-Z'' = 0.72 = B |
| DSRI: 0.89 (Receivables 69.6m/70.1m, Revenue 526.9m/470.6m) |
| GMI: 1.04 (GM 77.64% / 80.86%) |
| AQI: 0.98 (AQ_t 0.80 / AQ_t-1 0.82) |
| SGI: 1.12 (Revenue 526.9m / 470.6m) |
| TATA: -0.07 (NI -10.5m - CFO 91.0m) / TA 1.40b) |
| Beneish M = -3.08 (Cap -4..+1) = AA |
As of May 25, 2026, the stock is trading at USD 3.66 with a total of 1,236,663 shares traded.
Over the past week, the price has changed by +7.96%,
over one month by -29.34%,
over three months by -18.67% and
over the past year by -53.90%.
N-Able has received a consensus analysts rating of 3.60. Therefore, it is recommended to hold NABL.
- StrongBuy: 1
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 6.9 | 87.2% |
P/E Forward = 8.7108
P/S = 1.3085
P/B = 0.8631
Revenue TTM = 526.9m USD
EBIT TTM = 54.9m USD
EBITDA TTM = 95.5m USD
Long Term Debt = 389.1m USD (from longTermDebt, last quarter)
Short Term Debt = 10.4m USD (from shortTermDebt, last quarter)
Debt = 478.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 42.6m
Net Debt = 360.4m USD (calculated: Debt 478.2m - CCE 117.8m)
Enterprise Value = 1.05b USD (689.5m + Debt 478.2m - CCE 117.8m)
Interest Coverage Ratio = 2.57 (Ebit TTM 54.9m / Interest Expense TTM 21.3m)
EV/FCF = 14.10x (Enterprise Value 1.05b / FCF TTM 74.5m)
FCF Yield = 7.09% (FCF TTM 74.5m / Enterprise Value 1.05b)
FCF Margin = 14.13% (FCF TTM 74.5m / Revenue TTM 526.9m)
Net Margin = -1.99% (Net Income TTM -10.5m / Revenue TTM 526.9m)
Gross Margin = 77.64% ((Revenue TTM 526.9m - Cost of Revenue TTM 117.8m) / Revenue TTM)
Gross Margin QoQ = 75.83% (prev 75.88%)
Tobins Q-Ratio = 0.75 (Enterprise Value 1.05b / Total Assets 1.40b)
Interest Expense / Debt = 4.46% (Interest Expense 21.3m / Debt 478.2m)
Taxrate = 21.0% (US default 21%)
NOPAT = 43.4m (EBIT 54.9m * (1 - 21.00%))
Current Ratio = 1.24 (Total Current Assets 208.0m / Total Current Liabilities 167.4m)
Debt / Equity = 0.60 (Debt 478.2m / totalStockholderEquity, last quarter 798.8m)
Debt / EBITDA = 3.78 (Net Debt 360.4m / EBITDA 95.5m)
Debt / FCF = 4.84 (Net Debt 360.4m / FCF TTM 74.5m)
Total Stockholder Equity = 806.6m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.76% (Net Income -10.5m / Total Assets 1.40b)
RoE = -1.30% (Net Income TTM -10.5m / Total Stockholder Equity 806.6m)
RoCE = 4.59% (EBIT 54.9m / Capital Employed (Equity 806.6m + L.T.Debt 389.1m))
RoIC = 3.80% (NOPAT 43.4m / Invested Capital 1.14b)
WACC = 6.98% (E(689.5m)/V(1.17b) * Re(9.38%) + D(478.2m)/V(1.17b) * Rd(4.46%) * (1-Tc(0.21)))
Discount Rate = 9.38% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 33.33 | Cagr: 0.25%
[DCF] Terminal Value 76.02% ; FCFF base≈73.2m ; Y1≈76.2m ; Y5≈86.9m
[DCF] Fair Price = 5.21 (EV 1.34b - Net Debt 360.4m = Equity 981.0m / Shares 188.4m; r=8.35% [WACC [floored]]; 5y FCF grow 4.51% → 2.50% )
EPS Correlation: -50.60 | EPS CAGR: -12.52% | SUE: 0.04 | # QB: 0
Revenue Correlation: 99.43 | Revenue CAGR: 10.27% | SUE: 1.72 | # QB: 10
EPS current Quarter (2026-06-30): EPS=0.10 | Chg30d=-15.26% | Revisions=-43% | Analysts=6
EPS next Quarter (2026-09-30): EPS=0.12 | Chg30d=+0.60% | Revisions=N/A | Analysts=6
EPS current Year (2026-12-31): EPS=0.41 | Chg30d=-3.11% | Revisions=-50% | GrowthEPS=+6.4% | GrowthRev=+8.8%
EPS next Year (2027-12-31): EPS=0.48 | Chg30d=-2.04% | Revisions=-43% | GrowthEPS=+15.7% | GrowthRev=+8.3%
[Analyst] Revisions Ratio: -50%