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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash to Debt No Debt
NATI's Cash to Debt is ranked higher than
91% of the 2645 Companies
in the Global Software - Application industry.

( Industry Median: 5.50 vs. NATI: No Debt )
NATI' s 10-Year Cash to Debt Range
Min: 0.4   Max: No Debt
Current: No Debt

Equity to Asset 0.77
NATI's Equity to Asset is ranked higher than
85% of the 2564 Companies
in the Global Software - Application industry.

( Industry Median: 0.60 vs. NATI: 0.77 )
NATI' s 10-Year Equity to Asset Range
Min: 0.69   Max: 0.86
Current: 0.77

0.69
0.86
Interest Coverage No Debt
NATI's Interest Coverage is ranked higher than
98% of the 1630 Companies
in the Global Software - Application industry.

( Industry Median: 5615.56 vs. NATI: No Debt )
NATI' s 10-Year Interest Coverage Range
Min: 46.63   Max: 9999.99
Current: No Debt

46.63
9999.99
F-Score: 8
Z-Score: 8.93
M-Score: -2.59
WACC vs ROIC
9.63%
19.19%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 11.33
NATI's Operating margin (%) is ranked higher than
82% of the 2614 Companies
in the Global Software - Application industry.

( Industry Median: 5.77 vs. NATI: 11.33 )
NATI' s 10-Year Operating margin (%) Range
Min: 6.88   Max: 20.71
Current: 11.33

6.88
20.71
Net-margin (%) 9.82
NATI's Net-margin (%) is ranked higher than
83% of the 2614 Companies
in the Global Software - Application industry.

( Industry Median: 3.77 vs. NATI: 9.82 )
NATI' s 10-Year Net-margin (%) Range
Min: 2.53   Max: 14.46
Current: 9.82

2.53
14.46
ROE (%) 11.32
NATI's ROE (%) is ranked higher than
79% of the 2551 Companies
in the Global Software - Application industry.

( Industry Median: 6.64 vs. NATI: 11.32 )
NATI' s 10-Year ROE (%) Range
Min: 2.59   Max: 23.27
Current: 11.32

2.59
23.27
ROA (%) 8.65
NATI's ROA (%) is ranked higher than
85% of the 2658 Companies
in the Global Software - Application industry.

( Industry Median: 3.43 vs. NATI: 8.65 )
NATI' s 10-Year ROA (%) Range
Min: 2.08   Max: 17.98
Current: 8.65

2.08
17.98
ROC (Joel Greenblatt) (%) 29.11
NATI's ROC (Joel Greenblatt) (%) is ranked higher than
70% of the 2628 Companies
in the Global Software - Application industry.

( Industry Median: 31.00 vs. NATI: 29.11 )
NATI' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 15.63   Max: 78.03
Current: 29.11

15.63
78.03
Revenue Growth (3Y)(%) 4.80
NATI's Revenue Growth (3Y)(%) is ranked higher than
69% of the 2058 Companies
in the Global Software - Application industry.

( Industry Median: 5.50 vs. NATI: 4.80 )
NATI' s 10-Year Revenue Growth (3Y)(%) Range
Min: 1.1   Max: 17.2
Current: 4.8

1.1
17.2
EBITDA Growth (3Y)(%) 8.00
NATI's EBITDA Growth (3Y)(%) is ranked higher than
73% of the 1682 Companies
in the Global Software - Application industry.

( Industry Median: 6.20 vs. NATI: 8.00 )
NATI' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -11.1   Max: 25.1
Current: 8

-11.1
25.1
EPS Growth (3Y)(%) 8.30
NATI's EPS Growth (3Y)(%) is ranked higher than
74% of the 1537 Companies
in the Global Software - Application industry.

( Industry Median: 6.70 vs. NATI: 8.30 )
NATI' s 10-Year EPS Growth (3Y)(%) Range
Min: -36.7   Max: 69.5
Current: 8.3

-36.7
69.5
» NATI's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2014

NATI Guru Trades in Q1 2014

Jim Simons 87,066 sh (New)
Paul Tudor Jones 9,194 sh (New)
Steven Cohen 26,325 sh (+64.56%)
Murray Stahl 26,176 sh (+53.55%)
Chuck Royce 5,994,551 sh (unchged)
» More
Q2 2014

NATI Guru Trades in Q2 2014

Mariko Gordon 163,318 sh (New)
Joel Greenblatt 50,837 sh (New)
Chuck Royce 6,044,551 sh (+0.83%)
Paul Tudor Jones Sold Out
Jim Simons 85,266 sh (-2.07%)
Murray Stahl 24,811 sh (-5.21%)
» More
Q3 2014

NATI Guru Trades in Q3 2014

Murray Stahl 26,398 sh (+6.40%)
Mariko Gordon 163,318 sh (unchged)
Chuck Royce 6,020,551 sh (-0.40%)
Jim Simons 77,166 sh (-9.50%)
Joel Greenblatt 29,287 sh (-42.39%)
» More
Q4 2014

NATI Guru Trades in Q4 2014

Paul Tudor Jones 12,106 sh (New)
Joel Greenblatt 463,083 sh (+1481.19%)
Jim Simons 163,066 sh (+111.32%)
Murray Stahl 27,005 sh (+2.30%)
Chuck Royce 6,078,371 sh (+0.96%)
Mariko Gordon 163,318 sh (unchged)
» More
» Details

Insider Trades

Latest Guru Trades with NATI

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Top Ranked Articles about National Instruments Corp

Royce Deals in His Top 20 Holdings in Fourth Quarter
Guru Chuck Royce (Trades, Portfolio), co-chief investment officer and portfolio manager of Royce Funds in New York, follows an investment philosophy that favors investing in smaller companies. “We are looking for what we believe are terrific stocks trading for less than our estimate of the company's worth as a business – its enterprise value,” he has said. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 29.80
NATI's P/E(ttm) is ranked higher than
77% of the 2972 Companies
in the Global Software - Application industry.

( Industry Median: 86.80 vs. NATI: 29.80 )
NATI' s 10-Year P/E(ttm) Range
Min: 15.78   Max: 143.4
Current: 29.8

15.78
143.4
Forward P/E 28.82
NATI's Forward P/E is ranked higher than
78% of the 2972 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. NATI: 28.82 )
N/A
PE(NRI) 29.70
NATI's PE(NRI) is ranked higher than
79% of the 2972 Companies
in the Global Software - Application industry.

( Industry Median: 87.80 vs. NATI: 29.70 )
NATI' s 10-Year PE(NRI) Range
Min: 15.64   Max: 150.57
Current: 29.7

15.64
150.57
P/B 3.30
NATI's P/B is ranked higher than
65% of the 2972 Companies
in the Global Software - Application industry.

( Industry Median: 3.70 vs. NATI: 3.30 )
NATI' s 10-Year P/B Range
Min: 1.94   Max: 5.66
Current: 3.3

1.94
5.66
P/S 2.90
NATI's P/S is ranked higher than
55% of the 2972 Companies
in the Global Software - Application industry.

( Industry Median: 2.72 vs. NATI: 2.90 )
NATI' s 10-Year P/S Range
Min: 1.65   Max: 5.31
Current: 2.9

1.65
5.31
PFCF 33.10
NATI's PFCF is ranked higher than
76% of the 2972 Companies
in the Global Software - Application industry.

( Industry Median: 276.80 vs. NATI: 33.10 )
NATI' s 10-Year PFCF Range
Min: 16.41   Max: 545.83
Current: 33.1

16.41
545.83
POCF 20.82
NATI's POCF is ranked higher than
78% of the 2972 Companies
in the Global Software - Application industry.

( Industry Median: 33.50 vs. NATI: 20.82 )
NATI' s 10-Year POCF Range
Min: 11.29   Max: 52.94
Current: 20.82

11.29
52.94
EV-to-EBIT 22.72
NATI's EV-to-EBIT is ranked higher than
77% of the 2972 Companies
in the Global Software - Application industry.

( Industry Median: 45.39 vs. NATI: 22.72 )
NATI' s 10-Year EV-to-EBIT Range
Min: 11.7   Max: 60.3
Current: 22.72

11.7
60.3
PEG 2.38
NATI's PEG is ranked higher than
92% of the 2972 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. NATI: 2.38 )
NATI' s 10-Year PEG Range
Min: 0.95   Max: 62.25
Current: 2.38

0.95
62.25
Shiller P/E 38.00
NATI's Shiller P/E is ranked higher than
88% of the 2972 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. NATI: 38.00 )
NATI' s 10-Year Shiller P/E Range
Min: 19.81   Max: 60
Current: 38

19.81
60
Current Ratio 3.90
NATI's Current Ratio is ranked higher than
86% of the 2621 Companies
in the Global Software - Application industry.

( Industry Median: 1.92 vs. NATI: 3.90 )
NATI' s 10-Year Current Ratio Range
Min: 3.13   Max: 5.22
Current: 3.9

3.13
5.22
Quick Ratio 3.14
NATI's Quick Ratio is ranked higher than
82% of the 2621 Companies
in the Global Software - Application industry.

( Industry Median: 1.82 vs. NATI: 3.14 )
NATI' s 10-Year Quick Ratio Range
Min: 2.42   Max: 4.58
Current: 3.14

2.42
4.58
Days Inventory 194.08
NATI's Days Inventory is ranked higher than
68% of the 2972 Companies
in the Global Software - Application industry.

( Industry Median: 369.00 vs. NATI: 194.08 )
NATI' s 10-Year Days Inventory Range
Min: 107.38   Max: 208.27
Current: 194.08

107.38
208.27
Days Sales Outstanding 55.83
NATI's Days Sales Outstanding is ranked higher than
83% of the 2972 Companies
in the Global Software - Application industry.

( Industry Median: 87.85 vs. NATI: 55.83 )
NATI' s 10-Year Days Sales Outstanding Range
Min: 50.8   Max: 66.82
Current: 55.83

50.8
66.82

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.30
NATI's Dividend Yield is ranked higher than
66% of the 1280 Companies
in the Global Software - Application industry.

( Industry Median: 1.69 vs. NATI: 2.30 )
NATI' s 10-Year Dividend Yield Range
Min: 0.48   Max: 2.73
Current: 2.3

0.48
2.73
Dividend Payout 0.67
NATI's Dividend Payout is ranked higher than
81% of the 2972 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. NATI: 0.67 )
NATI' s 10-Year Dividend Payout Range
Min: 0.18   Max: 4
Current: 0.67

0.18
4
Dividend growth (3y) 14.50
NATI's Dividend growth (3y) is ranked higher than
82% of the 788 Companies
in the Global Software - Application industry.

( Industry Median: 7.70 vs. NATI: 14.50 )
NATI' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 53.8
Current: 14.5

0
53.8
Yield on cost (5-Year) 4.44
NATI's Yield on cost (5-Year) is ranked higher than
83% of the 1312 Companies
in the Global Software - Application industry.

( Industry Median: 1.90 vs. NATI: 4.44 )
NATI' s 10-Year Yield on cost (5-Year) Range
Min: 0.97   Max: 5.51
Current: 4.44

0.97
5.51
Share Buyback Rate -1.80
NATI's Share Buyback Rate is ranked higher than
70% of the 1775 Companies
in the Global Software - Application industry.

( Industry Median: -1.40 vs. NATI: -1.80 )
NATI' s 10-Year Share Buyback Rate Range
Min: 1.4   Max: -2.2
Current: -1.8

Valuation & Return

vs
industry
vs
history
Price/Net Cash 32.30
NATI's Price/Net Cash is ranked higher than
81% of the 2972 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. NATI: 32.30 )
NATI' s 10-Year Price/Net Cash Range
Min: 14.36   Max: 281.18
Current: 32.3

14.36
281.18
Price/Net Current Asset Value 10.60
NATI's Price/Net Current Asset Value is ranked higher than
84% of the 2972 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. NATI: 10.60 )
NATI' s 10-Year Price/Net Current Asset Value Range
Min: 4.1   Max: 13.29
Current: 10.6

4.1
13.29
Price/Tangible Book 4.20
NATI's Price/Tangible Book is ranked higher than
75% of the 2972 Companies
in the Global Software - Application industry.

( Industry Median: 9.30 vs. NATI: 4.20 )
NATI' s 10-Year Price/Tangible Book Range
Min: 3.46   Max: 8.46
Current: 4.2

3.46
8.46
Price/DCF (Projected) 1.80
NATI's Price/DCF (Projected) is ranked higher than
85% of the 2972 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. NATI: 1.80 )
NATI' s 10-Year Price/DCF (Projected) Range
Min: 0.98   Max: 5
Current: 1.8

0.98
5
Price/Median PS Value 0.90
NATI's Price/Median PS Value is ranked higher than
90% of the 2972 Companies
in the Global Software - Application industry.

( Industry Median: 1.30 vs. NATI: 0.90 )
NATI' s 10-Year Price/Median PS Value Range
Min: 0.57   Max: 2.14
Current: 0.9

0.57
2.14
Price/Graham Number 2.40
NATI's Price/Graham Number is ranked higher than
82% of the 2972 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. NATI: 2.40 )
NATI' s 10-Year Price/Graham Number Range
Min: 1.58   Max: 4.97
Current: 2.4

1.58
4.97
Earnings Yield (Greenblatt) 4.40
NATI's Earnings Yield (Greenblatt) is ranked higher than
72% of the 2593 Companies
in the Global Software - Application industry.

( Industry Median: 3.30 vs. NATI: 4.40 )
NATI' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.7   Max: 8.5
Current: 4.4

1.7
8.5
Forward Rate of Return (Yacktman) 5.35
NATI's Forward Rate of Return (Yacktman) is ranked higher than
66% of the 1076 Companies
in the Global Software - Application industry.

( Industry Median: 11.78 vs. NATI: 5.35 )
NATI' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -5.5   Max: 21.6
Current: 5.35

-5.5
21.6

Business Description

Industry: Application Software » Software - Application
Compare:CRM, SQI, RHT, INTU, ADBE » details
Traded in other countries:NI1.Germany,
National Instruments Corp was incorporated under the laws of the State of Texas in May 1976 and reincorporated in Delaware in June 1994. It completed its IPO of its common stock in March 1995. Its flagship software product is LabVIEW. In addition to LabVIEW, NI offers LabWindows/CVI and Measurement Studio as alternative programming environments. NI offers software products, including NI TestStand, NI VeriStand, NI DIAdem and NI Multisim, which are integrated to LabVIEW. The Company's hardware and related driver software products include data acquisition "DAQ", PXI chassis and controllers, image acquisition, motion control, distributed I/O, modular instruments and embedded control hardware/software, industrial communications interfaces, General Purpose Interface Bus "GPIB" interfaces, and VME Extension for Instrumentation "VXI" Controllers. It serves the following industries and applications; advanced research, automotive, automated test equipment, consumer electronics, commercial aerospace, computers and electronics, continuous process manufacturing, education, government/defense, medical research/pharmaceutical, power/energy, semiconductors, telecommunications and others. The Company markets its products in higher education environments, and in colleges, universities and trade and technical schools. It sells its software and hardware products through direct sales organization. It's major competitor is Agilent Technologies Inc. "Agilent". As of December 31, 2013, the Company held 765 U.S. patents "762 utility patents and 3 design patents" and 27 patents in foreign countries "25 patents registered in Europe in other countries; and 2 patents in Japan", and had 211 patent applications pending in the U.S. and foreign countries.
» More Articles for NATI

Headlines

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National Instruments Corp. (NATI) COO, CFO & Executive VP Alexander M Davern sells 9,691 Shares Jan 28 2011 
National Instruments Corp. Reports Operating Results (10-Q) Nov 03 2010 
National Instruments Corp. (NATI) CFO & Senior Vice President Alexander M Davern sells 4,000 Shares Aug 12 2010 
National Instruments Corp. Reports Operating Results (10-Q) Aug 06 2010 
National Instruments Corp. (NATI) CFO & Senior Vice President Alexander M Davern sells 3,804 Shares May 28 2010 
National Instruments Corp. Reports Operating Results (10-Q) May 06 2010 

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