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DCF Valuation
Base-case fair value
$13.76
Intrinsic $18.35 · 25% MOS
Current price: $3.78
Base-case summary
Our base-case DCF for N-able, Inc. (NABL) projects 10 years of free cash flow growth at 20.0% for years 1–5 and 10.0% for years 6–10, anchored to 38.4% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $74M in trailing free cash flow, this produces an intrinsic value of $18.35 per share. A 25% safety margin gives a fair value of $13.76, suggesting the stock is currently 264% undervalued against the $3.78 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
$74M
Cash & equivalents
$118M
Total debt
$436M
Shares outstanding
188M