N-able (NABL) AI Stock Analysis

• Market Cap: $1.54B
• Dividend Yield: N/A
• Average Volume (3M): 971.97K
• Price to Earnings (P/E): 93.2
• Beta (1Y): 0.86
• Revenue Growth: 7.98%
• EPS Growth: -40.59%
• Country: US
• Employees: 1,800
• Sector: Technology
• Sector Strength: 90
• Industry: Information Technology Services
• EPS (TTM): 0.08
• Shares Outstanding: 189,059,540
• 10 Day Avg. Volume: 678,811
• 30 Day Avg. Volume: 971,969
• PEG Ratio: -1.87
• Price to Book (P/B): 1.93
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 19.00
• Enterprise Value/Market Cap: 1.15
• Enterprise Value/Revenue: 0.96
• Enterprise Value/Gross Profit: 4.63
• Enterprise Value/Ebitda: 4.05
• 1Y Price Target: $9.08
• Price Target Upside: 10.60% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 73 Outperform
• Price Target: $9.00 ▲(9.62%Upside)

N-able's stock score reflects strong earnings performance and strategic initiatives driving growth, alongside challenges in profitability and high valuation risk. Technical analysis shows mixed signals, with the stock trading below key moving averages.

Positive Factors

Earnings

N-able reported headline first-quarter results ahead of consensus across all major metrics, with a boost from FX.

Market Expansion

By leveraging Adlumin's reseller network, N-able aims to expand its market reach beyond traditional MSPs to include VARs and distributors, targeting the broader midmarket and SMB segments.

Share Repurchase

N-able announced a $75 million share repurchase authorization.

Negative Factors

Execution Challenges

Achieving FY28 targets will require solid and consistent execution given ongoing macro headwinds.

Profitability Concerns

The EPS estimates have been lowered due to adjusted interest expense assumptions, which may impact perceived profitability.

Revenue Growth Concerns

Awaiting greater evidence of revenue growth durability.

N-able Business Overview & Revenue Model

Company Description

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. The company's platform consists of solution categories including remote monitoring and management; security and data protection solutions through its data protection, patch management, endpoint security, web protection, e-mail security and archiving, and vulnerability assessment solutions; and business management, such as professional services automation, automation and scripting management, password management policies and reporting and analytics. The company was founded in 2000 and is headquartered in Burlington, Massachusetts.

How the Company Makes Money

N-able generates revenue through a subscription-based model, where MSPs and IT professionals pay recurring fees to utilize its software solutions. The company's key revenue streams include subscriptions to its various software products, such as remote monitoring and management tools, security solutions, and data protection services. N-able's revenue is also bolstered by its partnerships with IT service providers and its focus on scalability, allowing it to serve businesses of different sizes. Additionally, the company's extensive customer support and training services contribute to customer retention and long-term revenue growth.

N-able Financial Statement Overview

Summary

N-able shows strong revenue growth and robust cash flow generation, positioning it well for expansion. While cost management is effective, indicated by high gross margins, declining net profit and return on equity suggest areas for improvement in profitability.

Income Statement

N-able has demonstrated strong revenue growth with a significant increase from $302.87M in 2020 to $470.60M TTM, reflecting a steady upward trend. The gross profit margin remains robust at 80.86% TTM, indicating effective cost management. However, the net profit margin has decreased from 6.64% in 2024 to 3.47% TTM, which may raise some concerns about operational efficiency. While EBIT and EBITDA margins indicate profitability, the decline in EBIT margin from 17.67% in 2024 to 12.44% TTM suggests a need for operational improvements.

Balance Sheet

The company maintains a reasonable debt-to-equity ratio of 0.48 TTM, suggesting moderate leverage and financial stability. With an equity ratio of 57.34% TTM, N-able shows a strong reliance on equity financing, offering a stable financial structure. The return on equity has decreased from 4.08% in 2024 to 2.11% TTM, reflecting challenges in generating returns on shareholders' investments. Overall, the balance sheet reflects a stable financial position with potential areas for enhancement in profitability.

Cash Flow

N-able exhibits strong cash flow management with a positive trend in free cash flow, growing by 28.05% from 2024 to TTM. The operating cash flow to net income ratio of 5.81 TTM suggests efficient cash generation relative to net income. The free cash flow to net income ratio stands at 4.85 TTM, indicating a solid capability to convert income into cash flow. These metrics highlight the company's ability to maintain liquidity and invest in growth opportunities.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	466.15M	421.88M	371.77M	346.46M	302.87M
Gross Profit	385.47M	353.67M	313.16M	294.02M	239.70M
EBITDA	110.46M	94.65M	72.55M	65.09M	89.44M
Net Income	30.96M	23.41M	16.71M	113.00K	-7.16M
Balance Sheet
Total Assets	1.34B	1.16B	1.08B	1.06B	1.08B
Cash, Cash Equivalents and Short-Term Investments	85.20M	153.05M	98.85M	66.74M	99.79M
Total Debt	369.19M	374.52M	375.87M	381.53M	390.15M
Total Liabilities	579.56M	451.43M	436.79M	437.34M	448.54M
Stockholders Equity	759.29M	711.36M	642.07M	618.36M	631.20M
Cash Flow
Free Cash Flow	61.87M	67.75M	50.40M	10.51M	69.53M
Operating Cash Flow	79.44M	90.09M	71.41M	45.34M	85.67M
Investing Cash Flow	-122.42M	-22.34M	-30.21M	-34.83M	-16.14M
Financing Cash Flow	-22.59M	-15.17M	-10.40M	-50.62M	-10.56M

N-able Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.21
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NABL, the sentiment is Positive. The current price of 8.21 is above the 20-day moving average (MA) of 8.08, above the 50-day MA of 7.99, and below the 200-day MA of 9.05, indicating a neutral trend. The MACD of 0.05 indicates Negative momentum. The RSI at 57.03 is Neutral, neither overbought nor oversold. The STOCH value of 85.56 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NABL.

N-able Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TASK	81 Outperform	$1.53B	28.64	11.35%	―	14.05%	17.90%
FORTY	74 Outperform	$1.93B	24.13	12.47%	1.54%	6.22%	24.91%
NABL	73 Outperform	$1.54B	93.23	2.20%	―	7.98%	-40.59%
GDYN	66 Neutral	$877.60M	79.97	2.42%	―	18.72%	347.70%
Sector *	63 Neutral	$34.70B	5.15	-11.38%	1.67%	5.54%	-17.15%
VYX	57 Neutral	$1.95B	―	-19.49%	―	-50.48%	-15.75%
PSFE	56 Neutral	$803.37M	39.11	-0.04%	―	3.50%	95.90%

N-able Corporate Events

N-able Holds Annual Stockholders Meeting, Key Decisions Made

On May 22, 2025, N-able, Inc. held its annual meeting of stockholders, where several key decisions were made. Stockholders elected Class I directors for a three-year term, ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2025, and approved the compensation of named executive officers. These decisions reflect the company’s ongoing commitment to strong governance and financial oversight.

The most recent analyst rating on (NABL) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on N-able stock, see the NABL Stock Forecast page.