Nelnet Valuation

Q: What is the Fair Price of NNI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

NNI ($105.92) is trading above our estimate of [[fair value]] ($49.2)

Is NNI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NNI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NNI ($105.92) is trading above our estimate of fair value ($49.2)

Significantly Below Fair Value: NNI is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NNI?

Key metric: As NNI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NNI. This is calculated by dividing NNI's market cap by their current earnings.
What is NNI's PE Ratio?
PE Ratio	33.5x
Earnings	US$114.68m
Market Cap	US$3.82b

NNI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does NNI's PE Ratio compare to its peers?

The above table shows the PE ratio for NNI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	9.1x
QFIN Qifu Technology	7.2x	7.2%	US$5.5b
SLM SLM	8.2x	-0.9%	US$5.1b
BFH Bread Financial Holdings	8.9x	9.5%	US$2.8b
OMF OneMain Holdings	12.1x	31.2%	US$6.6b
NNI Nelnet	33.5x	n/a	US$3.8b

Price-To-Earnings vs Peers: NNI is expensive based on its Price-To-Earnings Ratio (33.5x) compared to the peer average (9.1x).

Price to Earnings Ratio vs Industry

How does NNI's PE Ratio compare vs other companies in the US Consumer Finance Industry?

3 Companies	Price / Earnings	Estimated Growth	Market Cap
YRD Yiren Digital	1.7x	n/a	US$422.50m
JFIN Jiayin Group	1.9x	n/a	US$309.71m
XYF X Financial	1.7x	n/a	US$308.99m

No more companies available in this PE range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: NNI is expensive based on its Price-To-Earnings Ratio (33.5x) compared to the US Consumer Finance industry average (12.2x).

Price to Earnings Ratio vs Fair Ratio

What is NNI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NNI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	33.5x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NNI's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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