N-able, Inc.


SKU: NABL Category:


N-able, Inc.: Initiation Of Coverage – Investment & Operation With A Growing Total Addressable Market (TAM)! 


This is our first report on cloud-based solutions provider, N-able Technologies Inc. The company reported a solid performance for the fourth quarter and fiscal year 2023, celebrating a revenue growth of 14% in constant currency for the whole year, and 11% for the fourth quarter. The adjusted EBITDA in the fourth quarter was reported as $39.2 million, showing a 36% margin, and $143.4 million for the full year, indicating a 34% margin. The company noted that they experienced a year[1]over-year expansion in their annual adjusted EBITDA margin by over 300 basis points and unlevered free cash flow margin by over 400 basis points, accentuating their growth trajectory while remaining profitable.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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