Intrinsic value of NN - NNBR

Previous Close

$27.50

  Intrinsic Value

$18.79

stock screener

  Rating & Target

sell

-32%

Previous close

$27.50

 
Intrinsic value

$18.79

 
Up/down potential

-32%

 
Rating

sell

We calculate the intrinsic value of NNBR stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  24.89
  5.60
  5.54
  5.49
  5.44
  5.39
  5.35
  5.32
  5.29
  5.26
  5.23
  5.21
  5.19
  5.17
  5.15
  5.14
  5.12
  5.11
  5.10
  5.09
  5.08
  5.07
  5.07
  5.06
  5.05
  5.05
  5.04
  5.04
  5.03
  5.03
  5.03
Revenue, $m
  833
  880
  928
  979
  1,033
  1,088
  1,147
  1,208
  1,271
  1,338
  1,408
  1,482
  1,558
  1,639
  1,723
  1,812
  1,905
  2,002
  2,104
  2,211
  2,324
  2,442
  2,565
  2,695
  2,831
  2,974
  3,124
  3,282
  3,447
  3,620
  3,802
Variable operating expenses, $m
 
  623
  655
  688
  723
  760
  798
  838
  880
  924
  970
  973
  1,024
  1,077
  1,132
  1,190
  1,251
  1,315
  1,382
  1,453
  1,527
  1,604
  1,685
  1,771
  1,860
  1,954
  2,053
  2,156
  2,265
  2,378
  2,498
Fixed operating expenses, $m
 
  195
  200
  205
  210
  215
  220
  226
  231
  237
  243
  249
  256
  262
  268
  275
  282
  289
  296
  304
  311
  319
  327
  335
  344
  352
  361
  370
  379
  389
  399
Total operating expenses, $m
  777
  818
  855
  893
  933
  975
  1,018
  1,064
  1,111
  1,161
  1,213
  1,222
  1,280
  1,339
  1,400
  1,465
  1,533
  1,604
  1,678
  1,757
  1,838
  1,923
  2,012
  2,106
  2,204
  2,306
  2,414
  2,526
  2,644
  2,767
  2,897
Operating income, $m
  56
  62
  74
  86
  99
  113
  128
  143
  160
  177
  195
  259
  279
  300
  323
  346
  371
  398
  425
  455
  486
  518
  553
  589
  628
  668
  711
  756
  803
  853
  906
EBITDA, $m
  118
  139
  152
  167
  182
  198
  214
  232
  251
  270
  291
  313
  335
  360
  385
  412
  440
  470
  502
  535
  570
  607
  646
  687
  730
  776
  824
  874
  928
  984
  1,043
Interest expense (income), $m
  59
  57
  61
  66
  70
  75
  80
  85
  91
  96
  102
  108
  115
  122
  129
  137
  144
  153
  161
  170
  180
  190
  201
  212
  223
  235
  248
  261
  275
  290
  306
Earnings before tax, $m
  -7
  5
  13
  21
  29
  38
  48
  58
  69
  81
  93
  150
  164
  178
  194
  210
  227
  245
  264
  284
  306
  328
  352
  378
  404
  433
  463
  494
  528
  563
  600
Tax expense, $m
  -9
  1
  3
  6
  8
  10
  13
  16
  19
  22
  25
  41
  44
  48
  52
  57
  61
  66
  71
  77
  83
  89
  95
  102
  109
  117
  125
  133
  142
  152
  162
Net income, $m
  8
  4
  9
  15
  21
  28
  35
  43
  50
  59
  68
  110
  120
  130
  141
  153
  166
  179
  193
  208
  223
  240
  257
  276
  295
  316
  338
  361
  385
  411
  438

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  14
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,356
  1,417
  1,495
  1,577
  1,663
  1,752
  1,846
  1,944
  2,047
  2,155
  2,268
  2,386
  2,510
  2,639
  2,775
  2,918
  3,067
  3,224
  3,389
  3,561
  3,742
  3,932
  4,131
  4,340
  4,559
  4,789
  5,031
  5,284
  5,551
  5,830
  6,123
Adjusted assets (=assets-cash), $m
  1,342
  1,417
  1,495
  1,577
  1,663
  1,752
  1,846
  1,944
  2,047
  2,155
  2,268
  2,386
  2,510
  2,639
  2,775
  2,918
  3,067
  3,224
  3,389
  3,561
  3,742
  3,932
  4,131
  4,340
  4,559
  4,789
  5,031
  5,284
  5,551
  5,830
  6,123
Revenue / Adjusted assets
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
  0.621
Average production assets, $m
  429
  452
  477
  503
  531
  559
  589
  621
  653
  688
  724
  762
  801
  842
  886
  931
  979
  1,029
  1,082
  1,137
  1,194
  1,255
  1,319
  1,385
  1,455
  1,529
  1,606
  1,687
  1,772
  1,861
  1,954
Working capital, $m
  142
  153
  162
  170
  180
  189
  199
  210
  221
  233
  245
  258
  271
  285
  300
  315
  331
  348
  366
  385
  404
  425
  446
  469
  493
  518
  544
  571
  600
  630
  662
Total debt, $m
  808
  851
  912
  975
  1,041
  1,110
  1,182
  1,257
  1,336
  1,419
  1,506
  1,597
  1,692
  1,792
  1,896
  2,006
  2,121
  2,241
  2,368
  2,500
  2,640
  2,786
  2,939
  3,099
  3,268
  3,445
  3,631
  3,826
  4,030
  4,245
  4,471
Total liabilities, $m
  1,045
  1,089
  1,150
  1,213
  1,279
  1,348
  1,420
  1,495
  1,574
  1,657
  1,744
  1,835
  1,930
  2,030
  2,134
  2,244
  2,359
  2,479
  2,606
  2,738
  2,878
  3,024
  3,177
  3,337
  3,506
  3,683
  3,869
  4,064
  4,268
  4,483
  4,709
Total equity, $m
  310
  327
  345
  364
  384
  405
  426
  449
  473
  498
  524
  551
  580
  610
  641
  674
  709
  745
  783
  823
  864
  908
  954
  1,003
  1,053
  1,106
  1,162
  1,221
  1,282
  1,347
  1,414
Total liabilities and equity, $m
  1,355
  1,416
  1,495
  1,577
  1,663
  1,753
  1,846
  1,944
  2,047
  2,155
  2,268
  2,386
  2,510
  2,640
  2,775
  2,918
  3,068
  3,224
  3,389
  3,561
  3,742
  3,932
  4,131
  4,340
  4,559
  4,789
  5,031
  5,285
  5,550
  5,830
  6,123
Debt-to-equity ratio
  2.606
  2.600
  2.640
  2.680
  2.710
  2.740
  2.770
  2.800
  2.830
  2.850
  2.870
  2.900
  2.920
  2.940
  2.960
  2.980
  2.990
  3.010
  3.020
  3.040
  3.050
  3.070
  3.080
  3.090
  3.100
  3.110
  3.120
  3.130
  3.140
  3.150
  3.160
Adjusted equity ratio
  0.221
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  8
  4
  9
  15
  21
  28
  35
  43
  50
  59
  68
  110
  120
  130
  141
  153
  166
  179
  193
  208
  223
  240
  257
  276
  295
  316
  338
  361
  385
  411
  438
Depreciation, amort., depletion, $m
  62
  77
  79
  80
  82
  84
  87
  89
  91
  93
  96
  54
  56
  59
  62
  66
  69
  72
  76
  80
  84
  88
  93
  98
  102
  108
  113
  119
  125
  131
  138
Funds from operations, $m
  66
  80
  88
  96
  104
  112
  122
  131
  141
  152
  164
  163
  176
  190
  204
  219
  235
  251
  269
  288
  307
  328
  350
  373
  398
  424
  451
  480
  510
  542
  576
Change in working capital, $m
  -3
  8
  8
  9
  9
  10
  10
  11
  11
  12
  12
  13
  13
  14
  15
  15
  16
  17
  18
  19
  20
  21
  22
  23
  24
  25
  26
  27
  29
  30
  32
Cash from operations, $m
  69
  72
  79
  87
  94
  103
  111
  121
  130
  141
  151
  151
  163
  176
  189
  203
  218
  234
  251
  269
  288
  308
  329
  351
  374
  399
  425
  452
  481
  512
  544
Maintenance CAPEX, $m
  0
  -30
  -32
  -34
  -35
  -37
  -39
  -42
  -44
  -46
  -48
  -51
  -54
  -56
  -59
  -62
  -66
  -69
  -72
  -76
  -80
  -84
  -88
  -93
  -98
  -102
  -108
  -113
  -119
  -125
  -131
New CAPEX, $m
  -44
  -24
  -25
  -26
  -27
  -29
  -30
  -31
  -33
  -34
  -36
  -38
  -40
  -41
  -43
  -46
  -48
  -50
  -52
  -55
  -58
  -61
  -64
  -67
  -70
  -73
  -77
  -81
  -85
  -89
  -94
Cash from investing activities, $m
  -41
  -54
  -57
  -60
  -62
  -66
  -69
  -73
  -77
  -80
  -84
  -89
  -94
  -97
  -102
  -108
  -114
  -119
  -124
  -131
  -138
  -145
  -152
  -160
  -168
  -175
  -185
  -194
  -204
  -214
  -225
Free cash flow, $m
  28
  18
  22
  27
  32
  37
  42
  48
  54
  60
  67
  62
  70
  78
  86
  95
  105
  115
  126
  138
  150
  163
  177
  191
  206
  223
  240
  258
  277
  298
  319
Issuance/(repayment) of debt, $m
  -16
  57
  60
  63
  66
  69
  72
  76
  79
  83
  87
  91
  95
  100
  105
  110
  115
  121
  126
  133
  139
  146
  153
  161
  169
  177
  186
  195
  205
  215
  225
Issuance/(repurchase) of shares, $m
  3
  14
  9
  4
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -16
  71
  69
  67
  66
  69
  72
  76
  79
  83
  87
  91
  95
  100
  105
  110
  115
  121
  126
  133
  139
  146
  153
  161
  169
  177
  186
  195
  205
  215
  225
Total cash flow (excl. dividends), $m
  7
  89
  92
  94
  98
  106
  114
  123
  133
  143
  154
  153
  165
  178
  191
  205
  220
  236
  253
  270
  289
  309
  330
  352
  375
  400
  426
  453
  482
  513
  545
Retained Cash Flow (-), $m
  4
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -24
  -25
  -26
  -27
  -29
  -30
  -31
  -33
  -35
  -36
  -38
  -40
  -42
  -44
  -46
  -48
  -51
  -53
  -56
  -59
  -61
  -65
  -68
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  72
  74
  75
  78
  85
  93
  101
  109
  118
  128
  126
  136
  148
  160
  172
  186
  200
  215
  231
  247
  265
  284
  304
  324
  347
  370
  395
  421
  448
  477
Discount rate, %
 
  11.10
  11.66
  12.24
  12.85
  13.49
  14.17
  14.88
  15.62
  16.40
  17.22
  18.08
  18.98
  19.93
  20.93
  21.98
  23.08
  24.23
  25.44
  26.71
  28.05
  29.45
  30.92
  32.47
  34.09
  35.80
  37.59
  39.47
  41.44
  43.51
  45.69
PV of cash for distribution, $m
 
  65
  59
  53
  48
  45
  42
  38
  34
  30
  26
  20
  17
  14
  11
  9
  7
  5
  4
  3
  2
  1
  1
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  98.2
  97.1
  96.7
  96.7
  96.7
  96.7
  96.7
  96.7
  96.7
  96.7
  96.7
  96.7
  96.7
  96.7
  96.7
  96.7
  96.7
  96.7
  96.7
  96.7
  96.7
  96.7
  96.7
  96.7
  96.7
  96.7
  96.7
  96.7
  96.7
  96.7

NN, Inc. is a diversified industrial company and a global manufacturer of high precision components and assemblies to a range of markets on a global basis. The Company's operating segments include: the Precision Engineered Products Group and the Autocam Precision Components Group. Precision Engineered Products Group combines materials science capability with engineering and production solutions to design and manufacture a range of high-precision metal and plastic components, assemblies and finished devices for the medical, electrical, automotive and aerospace end markets. Autocam Precision Components Group manufactures highly engineered, difficult-to-manufacture precision metal components and subassemblies for the automotive, heating, ventilating and air conditioning (HVAC), fluid power and diesel engine end markets.

FINANCIAL RATIOS  of  NN (NNBR)

Valuation Ratios
P/E Ratio 93.7
Price to Sales 0.9
Price to Book 2.4
Price to Tangible Book
Price to Cash Flow 10.9
Price to Free Cash Flow 30
Growth Rates
Sales Growth Rate 24.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 12.8%
Cap. Spend. - 3 Yr. Gr. Rate 24%
Financial Strength
Quick Ratio 1
Current Ratio 0.1
LT Debt to Equity 255.2%
Total Debt to Equity 260.6%
Interest Coverage 1
Management Effectiveness
Return On Assets -0.6%
Ret/ On Assets - 3 Yr. Avg. 0.7%
Return On Total Capital 0.7%
Ret/ On T. Cap. - 3 Yr. Avg. 0.7%
Return On Equity 2.6%
Return On Equity - 3 Yr. Avg. 1.5%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 25.5%
Gross Margin - 3 Yr. Avg. 22.8%
EBITDA Margin 13.7%
EBITDA Margin - 3 Yr. Avg. 9.5%
Operating Margin 6.7%
Oper. Margin - 3 Yr. Avg. 4.5%
Pre-Tax Margin -0.8%
Pre-Tax Margin - 3 Yr. Avg. -0.5%
Net Profit Margin 1%
Net Profit Margin - 3 Yr. Avg. 0.5%
Effective Tax Rate 128.6%
Eff/ Tax Rate - 3 Yr. Avg. 74.2%
Payout Ratio 100%

NNBR stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the NNBR stock intrinsic value calculation we used $833 million for the last fiscal year's total revenue generated by NN. The default revenue input number comes from 2016 income statement of NN. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our NNBR stock valuation model: a) initial revenue growth rate of 5.6% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 11.1%, whose default value for NNBR is calculated based on our internal credit rating of NN, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of NN.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of NNBR stock the variable cost ratio is equal to 71.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $190 million in the base year in the intrinsic value calculation for NNBR stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 7.2% for NN.

Corporate tax rate of 27% is the nominal tax rate for NN. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the NNBR stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for NNBR are equal to 51.4%.

Life of production assets of 14.2 years is the average useful life of capital assets used in NN operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for NNBR is equal to 17.4%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $310 million for NN - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 27.54 million for NN is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of NN at the current share price and the inputted number of shares is $0.8 billion.

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COMPANY NEWS

▶ NN, Inc. Announces Quarterly Dividend   [Nov-14-17 12:13PM  PR Newswire]
▶ NN reports 3Q loss   [Nov-02-17 05:49AM  Associated Press]
▶ NN, Inc. Reports Third Quarter 2017 Results   [Nov-01-17 07:44PM  PR Newswire]
▶ ETFs with exposure to NN, Inc. : October 17, 2017   [Oct-17-17 09:53AM  Capital Cube]
▶ NN, Inc. Announces The Acquisition Of DRT Medical   [Oct-02-17 09:00AM  PR Newswire]
▶ Tennessee manufacturer headed to Charlotte with 200-job headquarters   [Sep-22-17 02:39PM  American City Business Journals]
▶ NN, Inc. to Host Annual Investor Day   [Sep-06-17 12:08PM  PR Newswire]
▶ [$$] The Add-On Deal Roundup: Aug. 17   [Aug-17-17 07:04PM  The Wall Street Journal]
▶ NN, Inc. Announces Quarterly Dividend   [Aug-14-17 08:48AM  PR Newswire]
▶ NN reports 2Q loss   [Aug-03-17 03:28PM  Associated Press]
▶ NN, Inc. Reports Second Quarter 2017 Results   [Aug-02-17 04:19PM  PR Newswire]
▶ NN, Inc. Value Analysis (NASDAQ:NNBR) : July 12, 2017   [Jul-12-17 03:32PM  Capital Cube]
▶ NN, Inc.: Strong price momentum but will it sustain?   [Jul-11-17 12:57PM  Capital Cube]
▶ ETFs with exposure to NN, Inc. : June 1, 2017   [Jun-01-17 01:59PM  Capital Cube]
▶ NN, Inc. Announces Quarterly Dividend   [May-19-17 03:14PM  PR Newswire]
▶ Mutual Fund Managers Look For Winners In Industrials, Materials, Tech, Banks   [May-05-17 02:48PM  Investor's Business Daily]
▶ Why NN, Inc. Stock Soared 14% Today   [May-04-17 12:32PM  Motley Fool]
▶ NN tops Street 1Q forecasts   [May-03-17 06:31PM  Associated Press]
▶ 9 Stocks Primecap Management Continues to Buy   [Apr-20-17 04:42PM  GuruFocus.com]
▶ Top Ranked Growth Stocks to Buy for March 23rd   [Mar-23-17 07:03AM  Zacks]
▶ NN, Inc. Announces Quarterly Dividend   [Jan-23-17 08:30AM  PR Newswire]
▶ Is NN, Inc. (NNBR) A Good Stock To Buy?   [Dec-17-16 04:21PM  at Insider Monkey]
▶ NN, Inc. Announces Retirement Of Chairman Of The Board   [Dec-12-16 04:11PM  PR Newswire]
▶ NN, Inc. Announces Quarterly Dividend   [Nov-21-16 08:00AM  PR Newswire]
▶ NN, Inc. Reports Third Quarter 2016 Results   [Nov-02-16 06:43PM  PR Newswire]
Financial statements of NNBR
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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