National Instruments Corp
$
40.23
-0.03 (-0.07%)
| Volume: | 552,995 | Avg Vol (1m): | 599,988 |
| Market Cap $: | 5.30 Bil | Enterprise Value $: | 4.82 Bil |
| P/E (TTM): | 35.30 | P/B: | 4.47 |
| Earnings Power Value | 17.31 |
| Net Current Asset Value | 3.72 |
| Tangible Book | 6.26 |
| Projected FCF | 17.29 |
| Median P/S Value | 32.69 |
| Graham Number | 12.67 |
| Peter Lynch Value | 0 |
| DCF (FCF Based) | 20.62 |
| DCF (Earnings Based) | 12.36 |
1Y (-%)
Manual of Stocks™ Web
Financial Strength : 9/10
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.
| Current | vs industry | vs history | |
|---|---|---|---|
| Cash-to-Debt | No Debt |
Cash-To-Debt ranked
higher than
98.12%
of
2180
companies
in the
Software - Application
industry.
Industry Max: 52661, Med: 5.23, Min: 0.01
NATI:
No Debt
Ranked among companies with meaningful Cash-To-Debt only.
|
Cash-To-Debt range over the past 10 years
Min: 0.4, Med: 10000, Max: 10000
Current: 10000
|
| Equity-to-Asset | 0.72 |
Equity-to-Asset ranked
higher than
73.38%
of
2115
companies
in the
Software - Application
industry.
Industry Max: 1.55, Med: 0.6, Min: -56.05
NATI:
0.72
Ranked among companies with meaningful Equity-to-Asset only.
|
Equity-to-Asset range over the past 10 years
Min: 0.69, Med: 0.79, Max: 0.86
Current: 0.72
|
| Interest Coverage | No Debt |
Interest Coverage ranked
higher than
97.12%
of
1702
companies
in the
Software - Application
industry.
Industry Max: 14867928, Med: 46.64, Min: 0.01
NATI:
No Debt
Ranked among companies with meaningful Interest Coverage only.
| N/A |
| Piotroski F-Score | 7 |
0
1
2
3
4
5
6
7
8
9
| |
| Altman Z-Score | 8.67 |
DISTRESS
GREY
SAFE
| |
| Beneish M-Score | -2.89 |
Not Manipulator
Manipulator
| |
| WACC vs ROIC % |
ROIC 20.72%
WACC 7.95%
| ||
Profitability & Growth : 7/10
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.
| Current | vs industry | vs history | |
|---|---|---|---|
| Operating Margin % | 12.38 |
Operating Margin ranked
higher than
74.25%
of
2144
companies
in the
Software - Application
industry.
Industry Max: 678.59, Med: 4.91, Min: -510650
NATI:
12.38
Ranked among companies with meaningful Operating Margin only.
|
Operating Margin range over the past 10 years
Min: 6.88, Med: 11.1, Max: 14.69
Current: 12.38
|
| Net Margin % | 11.34 |
Net Margin ranked
higher than
77.01%
of
2144
companies
in the
Software - Application
industry.
Industry Max: 990.53, Med: 3.58, Min: -307550
NATI:
11.34
Ranked among companies with meaningful Net Margin only.
|
Net Margin range over the past 10 years
Min: 2.53, Med: 7.83, Max: 12.5
Current: 11.34
|
| ROE % | 12.94 |
ROE ranked
higher than
68.48%
of
2062
companies
in the
Software - Application
industry.
Industry Max: 1271.48, Med: 6.36, Min: -234428.57
NATI:
12.94
Ranked among companies with meaningful ROE only.
|
ROE range over the past 10 years
Min: 2.59, Med: 9.36, Max: 15.6
Current: 12.94
|
| ROA % | 9.44 |
ROA ranked
higher than
77.94%
of
2199
companies
in the
Software - Application
industry.
Industry Max: 3269.23, Med: 2.95, Min: -16416.67
NATI:
9.44
Ranked among companies with meaningful ROA only.
|
ROA range over the past 10 years
Min: 2.08, Med: 6.97, Max: 12.31
Current: 9.44
|
| ROC (Joel Greenblatt) % | 36.55 |
ROC (Joel Greenblatt) ranked
higher than
56.77%
of
2165
companies
in the
Software - Application
industry.
Industry Max: 85250, Med: 23.63, Min: -99999999.99
NATI:
36.55
Ranked among companies with meaningful ROC (Joel Greenblatt) only.
|
ROC (Joel Greenblatt) range over the past 10 years
Min: 15.63, Med: 30.6, Max: 44.82
Current: 36.55
|
| 3-Year Total Revenue Growth Rate | 3.50 |
3-Year Revenue Growth Rate ranked
lower than
61.89%
of
1829
companies
in the
Software - Application
industry.
Industry Max: 1196.4, Med: 6.3, Min: -100
NATI:
2.3
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
|
3-Year Revenue Growth Rate range over the past 10 years
Min: 0.3, Med: 8.2, Max: 17.2
Current: 2.3
|
| 3-Year Total EBITDA Growth Rate | 5.00 |
3-Year EBITDA Growth Rate ranked
lower than
61.08%
of
1588
companies
in the
Software - Application
industry.
Industry Max: 1165.1, Med: 9.1, Min: -450.9
NATI:
3.7
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
|
3-Year EBITDA Growth Rate range over the past 10 years
Min: -11.4, Med: 7.1, Max: 26.9
Current: 3.7
|
| 3-Year EPS w/o NRI Growth Rate | 16.20 |
3-Year EPS w/o NRI Growth Rate ranked
higher than
58.45%
of
1432
companies
in the
Software - Application
industry.
Industry Max: 719.3, Med: 10.7, Min: -502.1
NATI:
16.2
Ranked among companies with meaningful 3-Year EPS w/o NRI Growth Rate only.
|
3-Year EPS w/o NRI Growth Rate range over the past 10 years
Min: -37.2, Med: 8.3, Max: 70.6
Current: 16.2
|
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Business Description
| Industry | Application Software » Software - Application   NAICS : 511210   SIC : 7372 |
| Compare | NAS:PCTY XAMS:GTO NYSE:AYX NAS:NUAN NAS:RP NYSE:AVLR NYSE:PVTL NAS:PEGA NAS:PS NYSE:SMAR SZSE:002153 SHSE:600271 NYSE:ESTC NAS:CDK TSE:4704 XTER:NEM NAS:MANH SHSE:600536 SZSE:300033 NAS:PFPT |
| Traded in other countries | NI1.Germany |
| Address | 11500 North MoPac Expressway, Austin, TX, USA, 78759 |
| National Instruments Corp designs, manufactures, and sells software and hardware platforms to engineers and scientists. Its suite of application software products include NI TestStand, targeted for measurement applications in a manufacturing environment; NI VeriStand, targeted for configuring real-time testing applications; and NI DIAdem, which offers tools to interactively mine and analyze data. The company derives revenue primarily from the sale of hardware, software licenses, and related services. A majority of the firm's revenue is generated in the United States, but it has a presence in countries across the world. | |
Ratios
| Current | vs industry | vs history | |
|---|---|---|---|
| PE Ratio (TTM) | 35.30 |
PE Ratio ranked
lower than
69.36%
of
1475
companies
in the
Software - Application
industry.
Industry Max: 10600, Med: 24.79, Min: 0.01
NATI:
35.3
Ranked among companies with meaningful PE Ratio only.
|
PE Ratio range over the past 10 years
Min: 15.82, Med: 40.26, Max: 143.4
Current: 35.3
|
| PE Ratio without NRI | 35.30 |
PE without NRI ranked
lower than
70.01%
of
1414
companies
in the
Software - Application
industry.
Industry Max: 10600, Med: 24.46, Min: 0.01
NATI:
35.3
Ranked among companies with meaningful PE without NRI only.
|
PE without NRI range over the past 10 years
Min: 15.82, Med: 40.26, Max: 143.4
Current: 35.3
|
| Price-to-Owner-Earnings | 28.23 |
Price-to-Owner-Earnings ranked
lower than
58.47%
of
826
companies
in the
Software - Application
industry.
Industry Max: 2445, Med: 25.26, Min: 0.08
NATI:
28.23
Ranked among companies with meaningful Price-to-Owner-Earnings only.
|
Price-to-Owner-Earnings range over the past 10 years
Min: 17.41, Med: 38.61, Max: 109.9
Current: 28.23
|
| PB Ratio | 4.47 |
PB Ratio ranked
lower than
67.55%
of
2262
companies
in the
Software - Application
industry.
Industry Max: 5500, Med: 2.93, Min: 0.01
NATI:
4.47
Ranked among companies with meaningful PB Ratio only.
|
PB Ratio range over the past 10 years
Min: 1.94, Med: 3.66, Max: 6.03
Current: 4.47
|
| PS Ratio | 3.95 |
PS Ratio ranked
lower than
66.53%
of
2268
companies
in the
Software - Application
industry.
Industry Max: 285714.29, Med: 2.86, Min: 0
NATI:
3.95
Ranked among companies with meaningful PS Ratio only.
|
PS Ratio range over the past 10 years
Min: 1.65, Med: 3.21, Max: 5.35
Current: 3.95
|
| Price-to-Free-Cash-Flow | 23.56 |
Price-to-Free-Cash-Flow ranked
higher than
51.62%
of
924
companies
in the
Software - Application
industry.
Industry Max: 2237.2, Med: 28.2, Min: 0.08
NATI:
23.56
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
|
Price-to-Free-Cash-Flow range over the past 10 years
Min: 16.41, Med: 33.18, Max: 629.81
Current: 23.56
|
| Price-to-Operating-Cash-Flow | 19.40 |
Price-to-Operating-Cash-Flow ranked
lower than
53.60%
of
1181
companies
in the
Software - Application
industry.
Industry Max: 6271.25, Med: 20.26, Min: 0.04
NATI:
19.4
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
|
Price-to-Operating-Cash-Flow range over the past 10 years
Min: 11.18, Med: 20.78, Max: 33.8
Current: 19.4
|
| EV-to-EBIT | 28.69 |
EV-to-EBIT ranked
lower than
68.31%
of
1537
companies
in the
Software - Application
industry.
Industry Max: 119475.88, Med: 18.1, Min: 0.05
NATI:
28.69
Ranked among companies with meaningful EV-to-EBIT only.
|
EV-to-EBIT range over the past 10 years
Min: 11.7, Med: 27.95, Max: 60.2
Current: 28.69
|
| EV-to-EBITDA | 20.15 |
EV-to-EBITDA ranked
lower than
65.86%
of
1661
companies
in the
Software - Application
industry.
Industry Max: 64649.64, Med: 14.06, Min: 0.01
NATI:
20.15
Ranked among companies with meaningful EV-to-EBITDA only.
|
EV-to-EBITDA range over the past 10 years
Min: 8.4, Med: 18.3, Max: 29.5
Current: 20.15
|
| EV-to-Revenue | 3.56 |
EV-to-Revenue ranked
lower than
62.40%
of
2327
companies
in the
Software - Application
industry.
Industry Max: 295554.27, Med: 2.52, Min: 0.01
NATI:
3.56
Ranked among companies with meaningful EV-to-Revenue only.
|
EV-to-Revenue range over the past 10 years
Min: 1.3, Med: 2.9, Max: 5.1
Current: 3.56
|
| PEG Ratio | 8.02 |
PEG Ratio ranked
lower than
90.77%
of
650
companies
in the
Software - Application
industry.
Industry Max: 288.5, Med: 1.89, Min: 0.02
NATI:
8.02
Ranked among companies with meaningful PEG Ratio only.
|
PEG Ratio range over the past 10 years
Min: 0.87, Med: 8.84, Max: 295.22
Current: 8.02
|
| Shiller PE Ratio | 50.54 |
Shiller PE Ratio ranked
lower than
73.47%
of
588
companies
in the
Software - Application
industry.
Industry Max: 13256.8, Med: 33.85, Min: 0.02
NATI:
50.54
Ranked among companies with meaningful Shiller PE Ratio only.
|
Shiller PE Ratio range over the past 10 years
Min: 21.68, Med: 41.13, Max: 70.41
Current: 50.54
|
| Current Ratio | 3.36 |
Current Ratio ranked
higher than
77.73%
of
2075
companies
in the
Software - Application
industry.
Industry Max: 672.73, Med: 1.93, Min: 0.01
NATI:
3.36
Ranked among companies with meaningful Current Ratio only.
|
Current Ratio range over the past 10 years
Min: 3.11, Med: 4.03, Max: 5.22
Current: 3.36
|
| Quick Ratio | 2.64 |
Quick Ratio ranked
higher than
72.48%
of
2075
companies
in the
Software - Application
industry.
Industry Max: 672.73, Med: 1.78, Min: 0.01
NATI:
2.64
Ranked among companies with meaningful Quick Ratio only.
|
Quick Ratio range over the past 10 years
Min: 2.36, Med: 3.44, Max: 4.58
Current: 2.64
|
| Days Inventory | 212.93 |
Days Inventory ranked
lower than
94.09%
of
1270
companies
in the
Software - Application
industry.
Industry Max: 73152.82, Med: 16.77, Min: 0.01
NATI:
212.93
Ranked among companies with meaningful Days Inventory only.
|
Days Inventory range over the past 10 years
Min: 186.33, Med: 205.41, Max: 220.78
Current: 212.93
|
| Days Sales Outstanding | 57.78 |
Days Sales Outstanding ranked
higher than
51.78%
of
2082
companies
in the
Software - Application
industry.
Industry Max: 989.79, Med: 66.86, Min: 0.02
NATI:
57.78
Ranked among companies with meaningful Days Sales Outstanding only.
|
Days Sales Outstanding range over the past 10 years
Min: 53.17, Med: 59.54, Max: 70.44
Current: 57.78
|
| Days Payable | 55.06 |
Days Payable ranked
higher than
55.51%
of
1870
companies
in the
Software - Application
industry.
Industry Max: 2567.37, Med: 44.89, Min: 0.02
NATI:
55.06
Ranked among companies with meaningful Days Payable only.
|
Days Payable range over the past 10 years
Min: 50.49, Med: 59.95, Max: 84.75
Current: 55.06
|
Dividend & Buy Back
| Current | vs industry | vs history | |
|---|---|---|---|
| Dividend Yield % | 2.37 |
Trailing Dividend Yield ranked
higher than
64.48%
of
1450
companies
in the
Software - Application
industry.
Industry Max: 35.84, Med: 1.55, Min: 0.01
NATI:
2.37
Ranked among companies with meaningful Trailing Dividend Yield only.
|
Trailing Dividend Yield range over the past 10 years
Min: 1.09, Med: 1.93, Max: 2.93
Current: 2.37
|
| Dividend Payout Ratio | 0.82 |
Dividend Payout Ratio ranked
lower than
86.29%
of
919
companies
in the
Software - Application
industry.
Industry Max: 24.56, Med: 0.33, Min: 0.01
NATI:
0.82
Ranked among companies with meaningful Dividend Payout Ratio only.
|
Dividend Payout Ratio range over the past 10 years
Min: 0.38, Med: 0.83, Max: 2.18
Current: 0.82
|
| 3-Year Dividend Growth Rate (Per Share) | 6.60 |
3-Year Dividend Growth Rate ranked
lower than
56.06%
of
619
companies
in the
Software - Application
industry.
Industry Max: 291.5, Med: 8.9, Min: -100
NATI:
6.6
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
|
3-Year Dividend Growth Rate range over the past 10 years
Min: 0, Med: 10.9, Max: 53.8
Current: 6.6
|
| Forward Dividend Yield % | 2.48 |
Forward Dividend Yield ranked
higher than
61.67%
of
1375
companies
in the
Software - Application
industry.
Industry Max: 46.15, Med: 1.79, Min: 0.01
NATI:
2.48
Ranked among companies with meaningful Forward Dividend Yield only.
| N/A |
| Yield-on-Cost (5-Year) % | 3.94 |
Yield-on-Cost (5y) ranked
higher than
69.06%
of
1422
companies
in the
Software - Application
industry.
Industry Max: 107.53, Med: 2.13, Min: 0.01
NATI:
3.94
Ranked among companies with meaningful Yield-on-Cost (5y) only.
|
Yield-on-Cost (5y) range over the past 10 years
Min: 1.81, Med: 3.21, Max: 4.87
Current: 3.94
|
| 3-Year Share Buyback Rate | -1.30 |
3-Year Share Buyback Rate ranked
higher than
64.17%
of
1507
companies
in the
Software - Application
industry.
Industry Max: 100, Med: -3.3, Min: -1487.4
NATI:
-1.3
Ranked among companies with meaningful 3-Year Share Buyback Rate only.
|
3-Year Share Buyback Rate range over the past 10 years
Min: -2.2, Med: -0.9, Max: 1.1
Current: -1.3
|
Valuation & Return
| Current | vs industry | vs history | |
|---|---|---|---|
| Price-to-Tangible-Book | 6.43 |
Price-to-Tangible-Book ranked
lower than
62.44%
of
2013
companies
in the
Software - Application
industry.
Industry Max: 5500, Med: 4.54, Min: 0.01
NATI:
6.43
Ranked among companies with meaningful Price-to-Tangible-Book only.
|
Price-to-Tangible-Book range over the past 10 years
Min: 2.63, Med: 5.03, Max: 9.41
Current: 6.43
|
| Price-to-Projected-FCF | 2.33 |
Price-to-Intrinsic-Value-Projected-FCF ranked
lower than
61.30%
of
907
companies
in the
Software - Application
industry.
Industry Max: 650.5, Med: 2.08, Min: 0.01
NATI:
2.33
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
|
Price-to-Intrinsic-Value-Projected-FCF range over the past 10 years
Min: 0.97, Med: 2.23, Max: 5
Current: 2.33
|
| Price-to-DCF (Earnings Based) | 3.25 |
Price-to-Intrinsic-Value-DCF (Earnings Based) ranked
lower than
86.56%
of
186
companies
in the
Software - Application
industry.
Industry Max: 52.79, Med: 1.56, Min: 0.13
NATI:
3.25
Ranked among companies with meaningful Price-to-Intrinsic-Value-DCF (Earnings Based) only.
|
Price-to-Intrinsic-Value-DCF (Earnings Based) range over the past 10 years
Min: 2.23, Med: 3.16, Max: 10.99
Current: 3.25
|
| Price-to-Median-PS-Value | 1.23 |
Price-to-Median-PS-Value ranked
lower than
73.47%
of
2062
companies
in the
Software - Application
industry.
Industry Max: 78, Med: 1, Min: 0.02
NATI:
1.23
Ranked among companies with meaningful Price-to-Median-PS-Value only.
|
Price-to-Median-PS-Value range over the past 10 years
Min: 0.58, Med: 1.12, Max: 2.2
Current: 1.23
|
| Price-to-Graham-Number | 3.18 |
Price-to-Graham-Number ranked
lower than
69.32%
of
1170
companies
in the
Software - Application
industry.
Industry Max: 84.5, Med: 2.19, Min: 0.01
NATI:
3.18
Ranked among companies with meaningful Price-to-Graham-Number only.
|
Price-to-Graham-Number range over the past 10 years
Min: 1.6, Med: 2.99, Max: 6.78
Current: 3.18
|
| Earnings Yield (Joel Greenblatt) % | 3.48 |
Earnings Yield (Greenblatt) ranked
higher than
56.61%
of
2413
companies
in the
Software - Application
industry.
Industry Max: 2103.44, Med: 2.07, Min: -5000
NATI:
3.48
Ranked among companies with meaningful Earnings Yield (Greenblatt) only.
|
Earnings Yield (Greenblatt) range over the past 10 years
Min: 1.7, Med: 3.6, Max: 8.5
Current: 3.48
|
| Forward Rate of Return (Yacktman) % | 5.82 |
Forward Rate of Return ranked
lower than
61.24%
of
939
companies
in the
Software - Application
industry.
Industry Max: 34548.51, Med: 10.12, Min: -301.2
NATI:
5.82
Ranked among companies with meaningful Forward Rate of Return only.
|
Forward Rate of Return range over the past 10 years
Min: 3.1, Med: 7.1, Max: 22.2
Current: 5.82
|
More Statistics
| Revenue (TTM) (Mil) $ | 1,358.31 |
| EPS (TTM) $ | 1.14 |
| Beta | 0.99 |
| Volatility % | 25.25 |
| 52-Week Range $ | 38.01 - 51 |
| Shares Outstanding (Mil) | 131.87 |
Analyst Estimate
Piotroski F-Score Details
| Piotroski F-Score | 7 |
| Positive ROA | Y |
| Positive CFROA | Y |
| Higher ROA yoy | Y |
| CFROA > ROA | Y |
| Lower Leverage yoy | Y |
| Higher Current Ratio yoy | Y |
| Less Shares Outstanding yoy | N |
| Higher Gross Margin yoy | Y |
| Higher Asset Turnover yoy | N |