IBEX Limited (IBEX) vs N-able, Inc. (NABL)

IBEX Limited and N-able, Inc. are both Information Technology Services companies. N-able, Inc. is the larger, with a market value of $759.4M against $573.9M — 1.3× the size. N-able, Inc. has negative trailing earnings, so its P/E is not meaningful; IBEX Limited trades at 13.0×. IBEX Limited grew revenue faster over the last twelve months: 15.4% against 10.6%. IBEX Limited has the higher net margin (7.19% vs −1.10%) and the higher return on invested capital (24.7% vs 2.99%). Across the 21 metrics below, IBEX Limited leads on 14 and N-able, Inc. on 7.

Valuation

Metric IBEX NABL Information Technology Services median
P/E 12.95 n/m 14.63
P/S 0.93 1.42 1.13
P/B 3.52 0.94 2.10
Price to free cash flow 20.17 12.53 10.11
EV/EBITDA 7.59 10.40 8.56
EV/Sales 0.88 1.94 1.20
Earnings yield 7.72% (0.65%) 4.56%
Free cash flow yield 4.96% 7.98% 4.37%

Profitability

Metric IBEX NABL Information Technology Services median
Gross margin 29.17% 76.56% 31.05%
Operating margin 8.53% 9.71% 3.30%
Net margin 7.19% (1.10%) 2.09%
Free cash flow margin 4.84% 11.31% 0.00%
Return on equity 30.43% (0.73%) 4.12%
Return on assets 15.91% (0.42%) 0.61%
Return on invested capital 24.66% 2.99% 0.57%

Growth

Metric IBEX NABL Information Technology Services median
Revenue growth (TTM) 15.37% 10.59% 7.12%
EPS growth (last fiscal year) 32.63% (156.25%) —
Revenue growth, 5-year CAGR 7.74% 10.93% 7.71%
Net income growth, 5-year CAGR 74.70% 0.00% 0.00%

Health

Metric IBEX NABL Information Technology Services median
Debt to equity 0.01 0.49 0.45
Current ratio 2.10 1.30 1.66
Net debt to EBITDA (0.41) 3.48 0.44

Dividend

Metric IBEX NABL Information Technology Services median
Dividend yield — — 1.21%
Payout ratio 0.00 0.00 0.00

Size

Metric IBEX NABL Information Technology Services median
Market cap 573.90m 759.40m 1.36b

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