What is N-able, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on N-able, Inc.'s reported free cash flow gives $10.87 per share. The share price was $4.81 on November 9, 2026, 56% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 9.0% | 10.0% | $5.99 | +25% |
| Base | 14.0% | 9.0% | $10.87 | +126% |
| Bull | 19.0% | 8.0% | $19.97 | +315% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $14.55 | $15.69 | $17.09 | $18.84 | $21.09 |
| 8.0% | $11.79 | $12.53 | $13.41 | $14.46 | $15.75 |
| 9.0% | $9.78 | $10.29 | $10.87 | $11.56 | $12.36 |
| 10.0% | $8.25 | $8.62 | $9.02 | $9.49 | $10.03 |
| 11.0% | $7.06 | $7.33 | $7.62 | $7.95 | $8.33 |
Where the presets come from
Base: years 1 to 5 grow at N-able, Inc.'s revenue growth rate over the last 4 fiscal years (13.8% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions