N-able (NABL) AI Stock Analysis

• Market Cap: $1.54B
• Dividend Yield: N/A
• Average Volume (3M): 1.22M
• Price to Earnings (P/E): 92.8
• Beta (1Y): 0.81
• Revenue Growth: 7.98%
• EPS Growth: -40.59%
• Country: US
• Employees: 1,800
• Sector: Technology
• Sector Strength: 82
• Industry: Information Technology Services
• EPS (TTM): 0.08
• Shares Outstanding: 189,059,540
• 10 Day Avg. Volume: 1,125,079
• 30 Day Avg. Volume: 1,216,091
• PEG Ratio: 1.82
• Price to Book (P/B): 2.28
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 27.97
• Enterprise Value/Market Cap: 1.71
• Enterprise Value/Revenue: 1.43
• Enterprise Value/Gross Profit: 6.93
• Enterprise Value/Ebitda: 6.07
• 1Y Price Target: $9.10
• Price Target Upside: 12.62% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 71 Outperform
• Price Target: $8.50 ▲(5.20%Upside)

N-able's overall stock score is supported by strong financial performance and a positive outlook from the recent earnings call. The company's robust revenue growth and strategic initiatives, including a share repurchase program, are significant positives. However, the high valuation and technical indicators suggest caution, as the stock may face resistance and is trading at a premium. The absence of a dividend yield and the need for improved profitability impact the score.

Positive Factors

Financial Performance

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

Shareholder Returns

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

Negative Factors

Profitability

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

Revenue Growth

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

N-able Business Overview & Revenue Model

Company Description

N-able, Inc. is a provider of cloud-based software solutions primarily catering to managed service providers (MSPs) and IT professionals. The company offers a comprehensive suite of tools that enable MSPs to monitor, manage, and secure their clients' IT environments efficiently. N-able's key products include remote monitoring and management, data protection, security solutions, and network management, which help users deliver high-quality IT services to their customers.

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's financial health is characterized by robust revenue growth and strong cash flow generation. While the company demonstrates effective cost management through high gross margins, the decreasing net profit and return on equity highlight areas for improvement in profitability and operational efficiency. The balance sheet remains stable with moderate leverage, positioning N-able favorably for future growth in the information technology services industry.

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
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
470.60M	466.15M	421.88M	371.77M	346.46M	302.87M
	Gross Profit
380.52M	385.47M	353.67M	313.16M	294.02M	239.70M
	EBIT
58.52M	82.37M	70.32M	47.40M	33.33M	33.77M
	EBITDA
97.44M	110.46M	94.65M	72.55M	65.09M	89.44M
	Net Income Common Stockholders
16.34M	30.96M	23.41M	16.71M	113.00K	-7.16M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
98.08M	85.20M	153.05M	98.85M	66.74M	99.79M
	Total Assets
1.09B	1.34B	1.16B	1.08B	1.06B	1.08B
	Total Debt
373.95M	369.19M	374.52M	375.87M	381.53M	390.15M
	Net Debt
275.87M	284.00M	221.47M	277.02M	314.80M	290.36M
	Total Liabilities
436.38M	579.56M	451.43M	436.79M	437.34M	448.54M
	Stockholders Equity
656.20M	759.29M	711.36M	642.07M	618.36M	631.20M
Cash Flow		Free Cash Flow
79.20M	61.87M	67.75M	50.40M	10.51M	69.53M
	Operating Cash Flow
94.93M	79.44M	90.09M	71.41M	45.34M	85.67M
	Investing Cash Flow
-123.37M	-122.42M	-22.34M	-30.21M	-34.83M	-16.14M
	Financing Cash Flow
-17.97M	-22.59M	-15.17M	-10.40M	-50.62M	-10.56M

N-able Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.08
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 8.08 is above the 20-day moving average (MA) of 8.00, above the 50-day MA of 7.39, and below the 200-day MA of 9.73, indicating a neutral trend. The MACD of 0.18 indicates Positive momentum. The RSI at 58.15 is Neutral, neither overbought nor oversold. The STOCH value of 76.06 is Neutral, 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	$1.48B	28.16	11.35%	―	14.05%	17.90%
NABL	71 Outperform	$1.54B	92.77	2.20%	―	7.98%	-40.59%
FORTY	71 Outperform	$1.67B	20.24	12.47%	1.73%	3.51%	18.34%
GDYN	66 Neutral	$1.03B	93.73	2.42%	―	18.72%	347.70%
Sector *	62 Neutral	$11.92B	10.48	-7.50%	2.95%	7.40%	-8.18%
PSFE	57 Neutral	$763.03M	39.11	-0.04%	―	3.50%	95.90%
VYX	52 Neutral	$1.68B	―	-19.49%	―	-50.48%	-15.75%

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.

N-able Announces 2025 Investor Day in New York

N-able, Inc. announced that it will host its 2025 Investor Day on March 13, 2025, in New York City. The event will feature presentations from the company’s leadership team and a live Q&A session, with a webcast available on their Investor Relations website. This event is part of N-able’s efforts to engage with financial analysts and stakeholders, providing insights into the company’s operations and future prospects. The announcement highlights the company’s transparency and commitment to maintaining investor relations, which could impact its market positioning and stakeholder confidence.