N-able, Inc.

N-able, Inc.

NABLยทNYSE

$4.17

-9.1%
TechnologyInformation Technology Services

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.

At a Glance

Live Snapshot
Market Cap$785.54M
EPS-0.0907
P/E Ratio-82.49
Earnings Date08/06/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -82.5).

Valuation inputs: P/E -82.5, earnings yield N/A, momentum -9.1%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -2.1%, ROIC -33.1%).

Profitability stack: net margin -3.3%, ROE -2.1%, ROIC -33.1%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile is elevated and scenario stress-testing is essential.

Risk factors: liabilities/assets +42.9%, momentum -9.1%, net margin -3.3%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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N-able, Inc. Market vs Earnings Trajectory

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Loading price and EPS data...

N-able, Inc.

N-able, Inc. Fair Value Envelope

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Our analysis suggests that NABL has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $4.17, this represents a potential HIDDEN relative to our calculated worth for N-able, Inc..

Intrinsic Value
Current Price: $4.17
3Y-198.0%
5Y+300.0%
10Y+109.0%
3Y+38.0%
5Y+69.0%
10Y+124.0%
3Y-202.0%
5Y+138.0%
10Y+24.0%
3Y+31.0%
5Y+9.0%
10Y+78.0%
3Y+49.0%
5Y+8.0%
10Y+77.0%
3Y+31.0%
5Y+31.0%
10Y+31.0%
N-able, Inc.

N-able, Inc. Profit Bridge

NABL ยท NYSE
Revenue511.43M
Cost of Goods Sold (118.58M)
Gross Profit392.85M
Operating Expenses (335.19M)
Operating Income57.66M
Interest Expense (36.00M)
Other Income/Expense-55.27M
Pretax Income2.39M
Income Tax (19.42M)
Net Income-17.03M
Net Income
-17.03M

Profitability Analysis

Gross Margin

76.8%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

11.3%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

-3.3%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Effective Tax Rate

812.3%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

76.81%
Gross Profit Margin
-7%
3Y-9.0%
5Y-3.0%
10Y+3.0%
11.28%
Operating Profit Margin
-36%
3Y-12.0%
5Y+1.0%
10Y+37.0%
-3.33%
Net Profit Margin
-150%
3Y-174.0%
5Y+41.0%
10Y-44.0%
-2.12%
Return on Equity
-152%
3Y-181.0%
5Y+87.0%
10Y-15.0%
-1.21%
Return on Assets
-152%
3Y-178.0%
5Y+82.0%
10Y-5.0%
-33.14%
Return on Invested Capital
-945%
3Y-1407.0%
5Y+584.0%
10Y-2403.0%
NABL

N-able, Inc. Cash Conversion Engine

NABL ยท NYSE
Net Income-17.03M
Depreciation & Amortization44.06M
Stock-Based Compensation46.59M
Change in Working Capital-1.33M
Others24.74M
Capital Expenditures-18.14M
Free Cash Flow75.06M

Cash Flow Quality Analysis

FCF Conversion Rate

-440.7%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

19.5%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+34.7%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$1.33M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

nabl

N-able, Inc. Funding & Solvency Profile

NABL ยท NYSE
Cash & Cash Equivalents117.81M
Net Receivables60.31M
Inventory0.00
Other Current Assets32.85M
Total Current Assets211 M
Property, Plant & Equipment72.90M
Goodwill & Intangible Assets1.07B
Long-Term Investments0.00
Other Non-Current Assets36.79M
Total Non-Current Assets110 M
Total Assets
1.40B

Financial Health Analysis

Current Ratio

1.26x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

0.75x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

44 M

Positive working capital, but relatively tight. The company should monitor cash flow carefully.

Asset Composition

15% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

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N-able, Inc. Street Expectations Map

NABL ยท NYSE

Wall Street analysts project that NABL stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 5.92, with estimates ranging from a low of 5.50 to a high of 6.50.

Lowest Target
5.50
31.89%
Consensus Target
5.92
41.97%
Highest Target
6.50
55.88%

The consensus 1-year price target stands at 5.92, with estimates ranging from a low of 5.50 to a high of 6.50.

Analyst Consensus Analysis

Upside Potential

+42.0%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

16.9% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

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N-able, Inc. Insider Positioning

NABL ยท NYSE

During the last 12 months, insiders have sold $911K worth of NABL shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

118.6K

911.06K

Net Activity

-911K

-$911K

Top Buyers

No buying activity

Top Sellers

1
AMI

Adler Michael I

Officer: Evp, Ctpo

37.8K sharesโ€ข2 transactions

$292K

2
JA

Johnson Ann

Director

34.6K sharesโ€ข1 transactions

$266K

3
PJ

Pagliuca John

Director, Officer: President And Ceo

20.5K sharesโ€ข1 transactions

$157K

4
OTJ

O'Brien Tim James

Officer: Evp, Chief Financial Officer

9.4K sharesโ€ข1 transactions

$72K

5
CF

Colletti Frank

Officer: Evp, Chief Revenue Officer

7.1K sharesโ€ข1 transactions

$54K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $911K net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

5 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

0.00%
Dividend Yield
3Y-
5Y-
10Y-
ย 

nabl Dividend History

NABL
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%