Nelnet
Nelnet, Inc. provides education related products and services, and loan asset management services worldwide. The last earnings update was 8 days ago. More info.
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NNI Share Price and Events
7 Day Returns
1 Year Returns
NNI Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Nelnet (NNI) | -3.6% | 5% | 14.1% | -2.1% | 72.6% | 51.4% |
| US Consumer Finance | -3.8% | 1.6% | 7.6% | 2% | 54.4% | 29.4% |
| US Market | -3.9% | -3.6% | 1.8% | 1.4% | 35.8% | 40.8% |
1 Year Return vs Industry and Market
- NNI underperformed the Consumer Finance industry which returned 2% over the past year.
- NNI underperformed the Market in United States of America which returned 1.4% over the past year.
NNI Value
Is Nelnet undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Nelnet
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Nelnet.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity = $51.62 * 11.4% |
$5.87 |
| Book Value of Equity per Share | Median Book Value from the past 5 years. | $51.62 |
| Discount Rate (Cost of Equity) | See below | 14.7% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Consumer Finance Unlevered Beta | Simply Wall St/ S&P Global | 0.72 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.723 (1 + (1- 21%) (901.29%)) |
4.263 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
2 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%) |
14.65% |
Discounted Cash Flow Calculation for NYSE:NNI using Excess Returns Model Model
The calculations below outline how an intrinsic value for Nelnet is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (11.4% – 14.65%) * $51.62) |
$-1.70 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $-1.70 / (14.65% - 2.73%) |
$-14.23 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $51.62 + $-14.23 |
$37.38 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $37.38 |
| Current discount | Discount to share price of
$60.82
= -1 x ($60.82 - $37.38) / $37.38 |
-62.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Nelnet is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Nelnet's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Nelnet's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $3.82 |
| NYSE:NNI Share Price ** | NYSE (2019-05-15) in USD | $60.82 |
| United States of America Consumer Finance Industry PE Ratio | Median Figure of 29 Publicly-Listed Consumer Finance Companies | 8.65x |
| United States of America Market PE Ratio | Median Figure of 3,087 Publicly-Listed Companies | 17.79x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Nelnet.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:NNI Share Price ÷ EPS (both in USD) = 60.82 ÷ 3.82 |
15.94x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Nelnet is overvalued based on earnings compared to the US Consumer Finance industry average.
- Nelnet is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Nelnet's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 15.94x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts |
17.8%per year |
| United States of America Consumer Finance Industry PEG Ratio | Median Figure of 23 Publicly-Listed Consumer Finance Companies | 0.72x |
| United States of America Market PEG Ratio | Median Figure of 2,113 Publicly-Listed Companies | 1.52x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Nelnet, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Nelnet's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $58.02 |
| NYSE:NNI Share Price * | NYSE (2019-05-15) in USD | $60.82 |
| United States of America Consumer Finance Industry PB Ratio | Median Figure of 39 Publicly-Listed Consumer Finance Companies | 1.58x |
| United States of America Market PB Ratio | Median Figure of 5,195 Publicly-Listed Companies | 1.83x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:NNI Share Price ÷ Book Value per Share (both in USD) = 60.82 ÷ 58.02 |
1.05x |
* Primary Listing of Nelnet.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Nelnet is good value based on assets compared to the US Consumer Finance industry average.
Value checks
We assess Nelnet's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Consumer Finance industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Consumer Finance industry average (and greater than 0)? (1 check) Nelnet has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
NNI Future Performance
How is Nelnet expected to perform in the next 1 to 3 years based on estimates from 1 analyst?
- No analysts cover Nelnet, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Nelnet's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Nelnet's earnings growth is expected to exceed the United States of America market average.
- Nelnet's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:NNI Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts | 17.8% |
| NYSE:NNI Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts | 7.2% |
| United States of America Consumer Finance Industry Earnings Growth Rate | Market Cap Weighted Average | 5.1% |
| United States of America Consumer Finance Industry Revenue Growth Rate | Market Cap Weighted Average | 7.7% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 1,137 | 1 | ||
| 2019-12-31 | 1,137 | 1 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 992 | 73 | 156 |
| 2018-12-31 | 1,051 | 271 | 228 |
| 2018-09-30 | 972 | 279 | 254 |
| 2018-06-30 | 928 | 219 | 258 |
| 2018-03-31 | 868 | 332 | 237 |
| 2017-12-31 | 755 | 322 | 173 |
| 2017-09-30 | 855 | 304 | 223 |
| 2017-06-30 | 874 | 325 | 261 |
| 2017-03-31 | 818 | 269 | 259 |
| 2016-12-31 | 862 | 300 | 257 |
| 2016-09-30 | 846 | 343 | 244 |
| 2016-06-30 | 802 | 375 | 208 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
All data from Nelnet Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | ||||
| 2019-12-31 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 3.82 |
| 2018-12-31 | 5.57 |
| 2018-09-30 | 6.21 |
| 2018-06-30 | 6.27 |
| 2018-03-31 | 5.72 |
| 2017-12-31 | 4.14 |
| 2017-09-30 | 5.30 |
| 2017-06-30 | 6.17 |
| 2017-03-31 | 6.09 |
| 2016-12-31 | 6.02 |
| 2016-09-30 | 5.58 |
| 2016-06-30 | 4.71 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Nelnet's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Nelnet has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
NNI Past Performance
How has Nelnet performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Nelnet's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Nelnet's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Nelnet's 1-year earnings growth is negative, it can't be compared to the US Consumer Finance industry average.
Earnings and Revenue History
All data from Nelnet Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 992.13 | 155.58 | 454.47 | |
| 2018-12-31 | 1,051.23 | 227.91 | 437.18 | |
| 2018-09-30 | 971.51 | 254.39 | 404.03 | |
| 2018-06-30 | 928.39 | 257.76 | 364.06 | |
| 2018-03-31 | 868.42 | 237.07 | 327.57 | |
| 2017-12-31 | 755.34 | 173.17 | 302.79 | |
| 2017-09-30 | 855.33 | 223.41 | 288.70 | |
| 2017-06-30 | 874.24 | 261.40 | 278.25 | |
| 2017-03-31 | 818.26 | 258.82 | 264.55 | |
| 2016-12-31 | 862.46 | 256.75 | 256.82 | |
| 2016-09-30 | 846.24 | 243.72 | 252.77 | |
| 2016-06-30 | 802.23 | 207.86 | 252.24 | |
| 2016-03-31 | 904.67 | 251.86 | 250.11 | |
| 2015-12-31 | 871.29 | 267.98 | 247.91 | |
| 2015-09-30 | 788.61 | 255.48 | 243.66 | |
| 2015-06-30 | 802.48 | 291.38 | 241.54 | |
| 2015-03-31 | 789.53 | 295.49 | 236.65 | |
| 2014-12-31 | 895.15 | 307.61 | 228.08 | |
| 2014-09-30 | 879.65 | 301.63 | 219.59 | |
| 2014-06-30 | 909.55 | 279.56 | 207.20 | |
| 2014-03-31 | 955.27 | 305.65 | 200.75 | |
| 2013-12-31 | 917.12 | 300.04 | 196.17 | |
| 2013-09-30 | 915.04 | 286.34 | 192.68 | |
| 2013-06-30 | 857.86 | 260.60 | 190.37 | |
| 2013-03-31 | 688.91 | 201.30 | 191.64 | |
| 2012-12-31 | 713.75 | 176.65 | 192.83 | |
| 2012-09-30 | 649.35 | 184.94 | 191.22 | |
| 2012-06-30 | 568.57 | 195.55 | 188.96 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Nelnet has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Nelnet used its assets less efficiently than the US Consumer Finance industry average last year based on Return on Assets.
- Unable to establish if Nelnet improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Nelnet's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Consumer Finance industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Nelnet has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
NNI Health
How is Nelnet's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Nelnet's finances.
The net worth of a company is the difference between its assets and liabilities.
- Nelnet is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Nelnet's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Nelnet Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 2,330.29 | 21,870.61 | 75.05 |
| 2018-12-31 | 2,314.78 | 22,218.74 | 123.17 |
| 2018-09-30 | 2,327.13 | 22,255.66 | 85.58 |
| 2018-06-30 | 2,286.70 | 22,473.42 | 69.82 |
| 2018-03-31 | 2,245.23 | 21,232.95 | 71.18 |
| 2017-12-31 | 2,165.39 | 21,363.64 | 67.57 |
| 2017-09-30 | 2,130.44 | 22,270.38 | 255.39 |
| 2017-06-30 | 2,130.41 | 22,837.19 | 70.86 |
| 2017-03-31 | 2,127.67 | 23,673.61 | 147.91 |
| 2016-12-31 | 2,070.93 | 24,748.62 | 157.29 |
| 2016-09-30 | 1,981.10 | 25,385.93 | 81.88 |
| 2016-06-30 | 1,906.22 | 26,501.46 | 73.85 |
| 2016-03-31 | 1,886.93 | 27,412.30 | 74.44 |
| 2015-12-31 | 1,892.16 | 28,183.50 | 103.17 |
| 2015-09-30 | 1,835.40 | 28,910.96 | 146.24 |
| 2015-06-30 | 1,805.49 | 28,141.26 | 232.02 |
| 2015-03-31 | 1,781.49 | 27,904.79 | 143.17 |
| 2014-12-31 | 1,725.68 | 28,071.99 | 202.70 |
| 2014-09-30 | 1,657.56 | 28,765.80 | 156.90 |
| 2014-06-30 | 1,580.13 | 29,522.93 | 166.70 |
| 2014-03-31 | 1,513.67 | 25,621.25 | 182.73 |
| 2013-12-31 | 1,443.99 | 25,989.40 | 136.73 |
| 2013-09-30 | 1,377.91 | 24,893.99 | 190.15 |
| 2013-06-30 | 1,319.60 | 24,730.44 | 177.61 |
| 2013-03-31 | 1,226.40 | 25,194.19 | 121.81 |
| 2012-12-31 | 1,165.21 | 25,185.86 | 173.93 |
| 2012-09-30 | 1,176.24 | 22,981.02 | 172.14 |
| 2012-06-30 | 1,144.90 | 23,915.70 | 113.86 |
- Nelnet's level of debt (938.5%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (1694.7% vs 938.5% today).
- Debt is not well covered by operating cash flow (0.3%, less than 20% of total debt).
- Unable to confirm if the interest payments on Nelnet's debt are well covered by earnings due to lack of past financial data.
Financial health checks
We assess Nelnet's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Nelnet has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
NNI Dividends
What is Nelnet's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Nelnet
shares you are expected to receive
$24
in your first year as a dividend.
Dividend Amount
- Nelnet's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
- Nelnet's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Upcoming dividend payment
Purchase Nelnet before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| United States of America Consumer Finance Industry Average Dividend Yield | Market Cap Weighted Average of 14 Stocks | 1.8% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1997 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 0.60 | 1.00 |
| 2019-12-31 | 0.60 | 1.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-01-30 | 0.720 | 1.294 |
| 2018-11-08 | 0.720 | 1.369 |
| 2018-08-07 | 0.640 | 1.128 |
| 2018-02-05 | 0.640 | 1.134 |
| 2017-11-07 | 0.640 | 1.195 |
| 2017-08-07 | 0.560 | 1.115 |
| 2017-02-03 | 0.560 | 1.240 |
| 2016-11-09 | 0.560 | 1.107 |
| 2016-08-04 | 0.480 | 1.272 |
| 2016-02-04 | 0.480 | 1.287 |
| 2015-11-05 | 0.480 | 1.511 |
| 2015-08-06 | 0.400 | 1.090 |
| 2015-02-06 | 0.400 | 0.904 |
| 2014-11-06 | 0.400 | 0.880 |
| 2014-08-07 | 0.400 | 0.902 |
| 2014-05-08 | 0.400 | 0.975 |
| 2014-02-07 | 0.400 | 0.993 |
| 2013-11-07 | 0.400 | 0.977 |
| 2013-08-08 | 0.400 | 1.009 |
| 2013-05-09 | 0.400 | 1.052 |
| 2013-02-06 | 0.400 | 1.195 |
| 2012-11-08 | 0.400 | 1.388 |
| 2012-08-08 | 0.400 | 1.666 |
| 2012-05-09 | 0.400 | 1.741 |
| 2012-02-16 | 0.400 | 1.555 |
| 2011-11-08 | 0.400 | 1.676 |
| 2011-08-09 | 0.400 | 2.067 |
| 2011-05-10 | 0.400 | 1.899 |
| 2011-02-16 | 0.280 | 1.274 |
| 2010-08-09 | 0.280 | 1.232 |
| 2010-05-10 | 0.280 | 1.434 |
| 2010-02-09 | 0.280 | 1.518 |
| 2009-11-09 | 0.280 | 1.655 |
| 2009-08-11 | 0.000 | 0.000 |
| 2009-08-10 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Income/ dividend checks
We assess Nelnet's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Nelnet afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Nelnet has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
NNI Management
CEO
| COMPENSATION | $1,783,757 |
| AGE | 52 |
| TENURE AS CEO | 5.3 years |
CEO Bio
Mr. Jeffrey R. Noordhoek, also known as Jeff, has been the Chief Executive Officer at Nelnet, Inc., since January 1, 2014. Mr. Noordhoek served as a Vice President of Nelnet Student Loan Corp- 2. He was responsible for leading Nelnet Student Loan Corp- 2, in its securitization and capital markets funding efforts. His primary function was to raise low cost capital and to design creative methods to finance Nelnet Student Loan Corp- 2, student loan portfolios through warehouse lines of credit, long-term securitizations and private debt arrangements. He has been in the capital markets area of Nelnet since 1996. He served as the President at Nelnet, Inc. from January 9, 2006 to 201. He served as Capital Markets Officer of Nelnet Inc. from October 2002 to January 9, 2006 and Executive Director from October 2002 to March 7, 2004. Mr. Noordhoek served as Senior Vice President of NELNI from March 2001 to October 2002, when he became an executive director of NELNI and served as vice president of Nelnet's predecessor prior to that. He was in Nelnet, Inc.'s capital markets area since 1996. Prior to joining us, he served as a Senior Associate for State Street Capital Corporation where he assisted in the establishment of commercial paper conduit financing vehicles. He was a Director of Nelnet Student Loan Corp- 2 since November 2001. Mr. Noordhoek earned a bachelor’s in business administration from the University of Nebraska in 1988 and a master’s of business administration from Boston University in 1996.
CEO Compensation
- Jeff's compensation has been consistent with company performance over the past year.
- Jeff's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Nelnet management team in years:
- The average tenure for the Nelnet management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Mike Dunlap
Executive Chairman of the Board
$1M
54
Jeff Noordhoek
Chief Executive Officer
$2M
52
5.3 yrs
Tim Tewes
President
$1M
59
5.3 yrs
Jim Kruger
Chief Financial Officer
$1M
55
5.3 yrs
Terry Heimes
Chief Operating Officer
$2M
54
5.3 yrs
Phil Morgan
Investor Relations Contact
William Munn
Corporate Secretary
$534K
50
Board of Directors Tenure
Average tenure and age of the Nelnet board of directors in years:
- The average tenure for the Nelnet board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Tom Henning
Independent Lead Director
$184K
65
Mike Dunlap
Executive Chairman of the Board
$1M
54
23.3 yrs
Michael Reardon
Director
$134K
65
15.4 yrs
Kimberly Rath
Director
$180K
57
11.6 yrs
Kathy Farrell
Director
$185K
54
11.6 yrs
David Graff
Director
$169K
35
5 yrs
James Abel
Director
$171K
68
15.8 yrs
William Cintani
Director
$179K
65
7 yrs
Preeta Bansal
Independent Director
$83K
52
0.5 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Nelnet's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Nelnet has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
NNI News
Simply Wall St News
Investors In Nelnet, Inc. (NYSE:NNI) Should Consider This Data
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Let's dig deeper into whether Nelnet should have a place in your portfolio. … See our latest analysis for Nelnet
Simply Wall St - – Full articleWhy Nelnet, Inc.'s (NYSE:NNI) CEO Pay Matters To You
First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Jeff Noordhoek's Compensation Compare With Similar Sized Companies. … has a market capitalization of US$2.1b, and pays its CEO total annual compensation worth US$1.7m.
Simply Wall St - – Full articleIs Nelnet Inc (NYSE:NNI) Worth US$56.70 Based On Intrinsic Value?
Valuing NNI, a financial stock, can be daunting since consumer financials generally have cash flows that are impacted by regulations that are not imposed upon other industries. … These lenders, for example, must hold certain levels of capital in order to maintain a safe cash cushion.
Simply Wall St - – Full articleShould You Buy Nelnet Inc (NYSE:NNI) At US$56.95?
saw significant share price volatility over the past couple of months on the NYSE, rising to the highs of $63.57 and falling to the lows of $54.19. … A question to answer is whether Nelnet's current trading price of $56.95 reflective of the actual value of the? … Let’s take a look at Nelnet’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleWhy Nelnet Inc's (NYSE:NNI) CEO Pay Matters To You
Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … CEOs leading companies of similar size and profitability
Simply Wall St - – Full articleWant To Invest In Nelnet Inc (NYSE:NNI)? Here's How It Performed Lately
After reading Nelnet Inc's (NYSE:NNI) latest earnings update (31 March 2018), I found it beneficial to look back at how the company has performed in the past and compare this against the most recent numbers. … As a long-term investor I tend to pay attention to earnings trend, rather than a single number at one point in time. … NNI's trailing twelve-month earnings (from 31 March 2018) of US$234.73m has
Simply Wall St - – Full articleNelnet Inc (NYSE:NNI) Investors Are Paying Above The Intrinsic Value
Pricing NNI, a financial stock, can be difficult since consumer finance businesses have cash flows that are affected by regulations that are not imposed upon other sectors. … These lenders, for example, must hold certain levels of capital in order to maintain a safe cash cushion.
Simply Wall St - – Full articleNNI Company Info
Description
Nelnet, Inc. provides education related products and services, and loan asset management services worldwide. The company's Loan Servicing and Systems is involved in loan servicing activities, such as loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing activities for student loan portfolio and third-party clients. This segment also provides student loan servicing software; business process outsourcing services specialized in contact center management, such as inbound calls, outreach campaigns and sales, and interacting with customers through multi-channels. The Education Technology, Services, and Payment Processing segment offers managed tuition payment plans and billing services; assistance with financial needs assessment and donor management; school information system software that helps schools automate administrative processes; professional development and educational instruction services; and technology products that aid in teacher and student evaluations. It also offers technology and payments services, including electronic transfer and credit card processing, reporting, billing and invoicing, mobile and virtual terminal solutions, and specialized integrations to business software; and mobile first technology focused on increasing engagement, online giving, and communication for church and not-for-profit customers. Its Communications segment fiber optic service to homes and businesses for Internet, television, and telephone services. Its data services include high-speed Internet access; telephone services comprise local and long distance telephone service, hostedPBX services, and other basic services. Its Asset Generation and Management segment acquires, manages, and owns loan assets. It also provides investment advisory services. The company was founded in 1978 and is headquartered in Lincoln, Nebraska.
Details
| Name: | Nelnet, Inc. |
| NNI | |
| Exchange: | NYSE |
| Founded: | 1978 |
| $2,426,591,494 | |
| 39,897,920 | |
| Website: | http://www.nelnet.net |
| Address: |
Nelnet, Inc. 121 South 13th Street, Suite 100, Lincoln, Nebraska, 68508, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | NNI | Class A Common Stock | New York Stock Exchange | US | USD | 11. Dec 2003 | |
| DB | NIJ | Class A Common Stock | Deutsche Boerse AG | DE | EUR | 11. Dec 2003 |
Number of employees
Current staff
Industry
| Consumer Finance | |
| Diversified Financials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/16 01:42 |
| End of day share price update: | 2019/05/15 00:00 |
| Last estimates confirmation: | 2019/05/09 |
| Last earnings filing: | 2019/05/08 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
