N-Able Inc
N-able, Inc. provides cloud-based security, data protection, and unified endpoint management software solutions for managed service providers 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. It also offers software platform designed to be an integrated enterpri… Read more
N-Able Inc (NABL) - Net Assets
Latest net assets as of September 2025: $813.39 Million USD
Based on the latest financial reports, N-Able Inc (NABL) has net assets worth $813.39 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.40 Billion) and total liabilities ($584.67 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $813.39 Million |
| % of Total Assets | 58.18% |
| Annual Growth Rate | 5.46% |
| 5-Year Change | 20.29% |
| 10-Year Change | N/A |
| Growth Volatility | 4.87 |
N-Able Inc - Net Assets Trend (2018–2024)
This chart illustrates how N-Able Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for N-Able Inc (2018–2024)
The table below shows the annual net assets of N-Able Inc from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $759.29 Million | +6.74% |
| 2023-12-31 | $711.36 Million | +10.79% |
| 2022-12-31 | $642.07 Million | +3.84% |
| 2021-12-31 | $618.36 Million | -2.03% |
| 2020-12-31 | $631.20 Million | +11.97% |
| 2019-12-31 | $563.70 Million | +2.17% |
| 2018-12-31 | $551.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to N-Able Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 7120400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $71.20 Million | 9.38% |
| Common Stock | $187.00K | 0.02% |
| Other Comprehensive Income | $-21.09 Million | -2.78% |
| Other Components | $708.99 Million | 93.38% |
| Total Equity | $759.29 Million | 100.00% |
N-Able Inc Competitors by Market Cap
The table below lists competitors of N-Able Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aygaz AS
IS:AYGAZ
|
$355.92 Million |
|
Gold Fields Ltd
JSE:GFI
|
$356.05 Million |
|
Guangdong Ganhua Science & Industry Co Ltd
SHE:000576
|
$356.12 Million |
|
Shanghai Morn Electric Equipment Co Ltd
SHE:002451
|
$356.17 Million |
|
Shanghai Yct Electronics Group Co.Ltd
SHE:301099
|
$355.74 Million |
|
Growthpoint Properties Australia
AU:GOZ
|
$355.70 Million |
|
Dah Sing Banking Group Ltd
PINK:DHSBF
|
$355.61 Million |
|
Wonik QnC Corporation
KQ:074600
|
$355.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in N-Able Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 711,360,000 to 759,288,000, a change of 47,928,000 (6.7%).
- Net income of 30,958,000 contributed positively to equity growth.
- Share repurchases of 2,382,000 reduced equity.
- Other comprehensive income decreased equity by 25,504,000.
- Other factors increased equity by 44,856,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $30.96 Million | +4.08% |
| Share Repurchases | $2.38 Million | -0.31% |
| Other Comprehensive Income | $-25.50 Million | -3.36% |
| Other Changes | $44.86 Million | +5.91% |
| Total Change | $- | 6.74% |
Book Value vs Market Value Analysis
This analysis compares N-Able Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.23x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.84x to 1.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $1.75 | $4.96 | x |
| 2019-12-31 | $1.79 | $4.96 | x |
| 2020-12-31 | $2.00 | $4.96 | x |
| 2021-12-31 | $3.45 | $4.96 | x |
| 2022-12-31 | $3.54 | $4.96 | x |
| 2023-12-31 | $3.82 | $4.96 | x |
| 2024-12-31 | $4.03 | $4.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently N-Able Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.64%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.76x
- Recent ROE (4.08%) is above the historical average (0.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -2.48% | -6.00% | 0.21x | 1.95x | $-68.87 Million |
| 2019 | -0.45% | -0.95% | 0.26x | 1.80x | $-58.88 Million |
| 2020 | -1.13% | -2.36% | 0.28x | 1.71x | $-70.28 Million |
| 2021 | 0.02% | 0.03% | 0.33x | 1.71x | $-61.72 Million |
| 2022 | 2.60% | 4.49% | 0.34x | 1.68x | $-47.50 Million |
| 2023 | 3.29% | 5.55% | 0.36x | 1.63x | $-47.72 Million |
| 2024 | 4.08% | 6.64% | 0.35x | 1.76x | $-44.97 Million |
Industry Comparison
This section compares N-Able Inc's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $1,400,467,175
- Average return on equity (ROE) among peers: 13.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| N-Able Inc (NABL) | $813.39 Million | -2.48% | 0.72x | $355.82 Million |
| Accenture plc (ACN) | $8.19 Billion | 50.21% | 1.52x | $121.95 Billion |
| adesso SE (ADSGF) | $34.37 Million | 11.38% | 1.03x | $184.00 Million |
| Atlantic Energy Solutions Inc (AESO) | $1.19 Million | 45.06% | 4.65x | $69.73 |
| Atos SE (AEXAF) | $784.10 Million | 9.03% | 2.64x | $64.82K |
| AGILQ (AGILQ) | $79.87 Million | -25.27% | 1.69x | $5.00K |
| Alithya Group Inc (ALYAF) | $26.79 Million | -22.19% | 1.46x | $59.69 Million |
| Amadeus IT Group S.A (AMADF) | $2.65 Billion | 37.85% | 1.98x | $28.16 Billion |
| Amadeus IT Holding SA PK (AMADY) | $2.30 Billion | 29.77% | 2.05x | $24.80 Billion |
| Applied Digital Corporation (APLD) | $-2.53K | 0.00% | 0.00x | $6.50 Billion |
| Amper S.A. (APMRF) | $-57.50 Million | 0.00% | 0.00x | $216.95 Million |