Professional
Added to YB: 2026-09-11
Pitch date: 2026-09-09
NCNO [neutral]
nCino, Inc.
-1.11%
current return
Author Info
Pernas Research is a former CIO of a $3.5B fund that now share actionable stock research. Sign up for the newsletter.
Company Info
nCino, Inc., a software-as-a-service company, provides software solutions to financial institutions in the United States, the United Kingdom, and internationally.
Market Cap
$2.3B
Pitch Price
$21.67
Price Target
N/A
Dividend
N/A
EV/EBITDA
25.99
P/E
70.43
EV/Sales
4.13
Sector
Software
Category
N/A
Pernas Research Passes On: nCino, Inc.
NCNO (pass): nCino’s cloud software spans lending, account opening, customer onboarding and, following the SimpleNexus acquisition, mortgage technology. However, growth has moderated as its core U.S. lending business matured and mortgage remained weak, despite 106% net revenue retention. At 28x EV/EBITDA, the valuation is difficult to justify without meaningful growth reacceleration; AI-enabled products could provide it, but meaningful progress has yet to emerge, supporting a pass.
Read full article (1 min)