Intrinsic value of NN - NNBR

Previous Close

$25.25

  Intrinsic Value

$18.78

stock screener

  Rating & Target

sell

-26%

  Value-price divergence*

+128%

Previous close

$25.25

 
Intrinsic value

$18.78

 
Up/down potential

-26%

 
Rating

sell

 
Value-price divergence*

+128%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

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 0.7

 

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
  6.60
  6.44
  6.30
  6.17
  6.05
  5.94
  5.85
  5.77
  5.69
  5.62
  5.56
  5.50
  5.45
  5.41
  5.37
  5.33
  5.30
  5.27
  5.24
  5.22
  5.19
  5.18
  5.16
  5.14
  5.13
  5.11
  5.10
  5.09
  5.08
  5.08
Revenue, $m
  833
  888
  945
  1,005
  1,067
  1,131
  1,198
  1,269
  1,342
  1,418
  1,498
  1,581
  1,668
  1,759
  1,854
  1,953
  2,057
  2,166
  2,281
  2,400
  2,525
  2,656
  2,794
  2,938
  3,089
  3,247
  3,414
  3,588
  3,770
  3,962
  4,163
Variable operating expenses, $m
 
  628
  666
  705
  746
  788
  832
  878
  926
  977
  1,029
  1,039
  1,096
  1,155
  1,218
  1,283
  1,352
  1,423
  1,498
  1,577
  1,659
  1,745
  1,836
  1,930
  2,029
  2,134
  2,243
  2,357
  2,477
  2,603
  2,735
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
  823
  866
  910
  956
  1,003
  1,052
  1,104
  1,157
  1,214
  1,272
  1,288
  1,352
  1,417
  1,486
  1,558
  1,634
  1,712
  1,794
  1,881
  1,970
  2,064
  2,163
  2,265
  2,373
  2,486
  2,604
  2,727
  2,856
  2,992
  3,134
Operating income, $m
  56
  65
  80
  95
  111
  128
  146
  164
  184
  204
  226
  293
  317
  341
  367
  395
  424
  454
  486
  520
  555
  592
  631
  673
  716
  762
  810
  861
  914
  970
  1,030
EBITDA, $m
  118
  147
  164
  182
  201
  221
  241
  263
  285
  309
  334
  360
  387
  416
  446
  477
  510
  545
  582
  621
  661
  704
  749
  796
  846
  899
  954
  1,012
  1,073
  1,137
  1,205
Interest expense (income), $m
  59
  57
  62
  67
  72
  78
  84
  90
  96
  102
  109
  116
  124
  132
  140
  148
  157
  166
  176
  186
  197
  208
  220
  232
  245
  258
  272
  287
  303
  319
  336
Earnings before tax, $m
  -7
  8
  18
  28
  39
  50
  62
  75
  88
  102
  116
  177
  193
  210
  228
  247
  267
  288
  310
  333
  358
  384
  412
  441
  471
  504
  538
  574
  611
  651
  694
Tax expense, $m
  -9
  2
  5
  8
  10
  14
  17
  20
  24
  27
  31
  48
  52
  57
  62
  67
  72
  78
  84
  90
  97
  104
  111
  119
  127
  136
  145
  155
  165
  176
  187
Net income, $m
  8
  6
  13
  20
  28
  37
  45
  54
  64
  74
  85
  129
  141
  153
  166
  180
  195
  210
  226
  243
  261
  280
  301
  322
  344
  368
  392
  419
  446
  476
  506

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
  1,360
  1,435
  1,527
  1,623
  1,723
  1,827
  1,936
  2,049
  2,167
  2,291
  2,419
  2,554
  2,694
  2,841
  2,995
  3,156
  3,324
  3,500
  3,684
  3,877
  4,080
  4,291
  4,514
  4,746
  4,990
  5,246
  5,515
  5,796
  6,091
  6,401
  6,726
Adjusted assets (=assets-cash), $m
  1,346
  1,435
  1,527
  1,623
  1,723
  1,827
  1,936
  2,049
  2,167
  2,291
  2,419
  2,554
  2,694
  2,841
  2,995
  3,156
  3,324
  3,500
  3,684
  3,877
  4,080
  4,291
  4,514
  4,746
  4,990
  5,246
  5,515
  5,796
  6,091
  6,401
  6,726
Revenue / Adjusted assets
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
Average production assets, $m
  590
  629
  669
  711
  755
  801
  848
  898
  950
  1,004
  1,060
  1,119
  1,181
  1,245
  1,313
  1,383
  1,457
  1,534
  1,615
  1,699
  1,788
  1,881
  1,978
  2,080
  2,187
  2,299
  2,417
  2,540
  2,670
  2,805
  2,948
Working capital, $m
  142
  155
  164
  175
  186
  197
  209
  221
  233
  247
  261
  275
  290
  306
  323
  340
  358
  377
  397
  418
  439
  462
  486
  511
  537
  565
  594
  624
  656
  689
  724
Total debt, $m
  808
  862
  933
  1,006
  1,083
  1,163
  1,246
  1,333
  1,423
  1,518
  1,616
  1,719
  1,827
  1,939
  2,057
  2,180
  2,309
  2,444
  2,585
  2,733
  2,888
  3,050
  3,220
  3,399
  3,586
  3,782
  3,987
  4,203
  4,429
  4,666
  4,915
Total liabilities, $m
  1,045
  1,099
  1,170
  1,243
  1,320
  1,400
  1,483
  1,570
  1,660
  1,755
  1,853
  1,956
  2,064
  2,176
  2,294
  2,417
  2,546
  2,681
  2,822
  2,970
  3,125
  3,287
  3,457
  3,636
  3,823
  4,019
  4,224
  4,440
  4,666
  4,903
  5,152
Total equity, $m
  315
  336
  357
  380
  403
  428
  453
  480
  507
  536
  566
  598
  631
  665
  701
  738
  778
  819
  862
  907
  955
  1,004
  1,056
  1,111
  1,168
  1,228
  1,290
  1,356
  1,425
  1,498
  1,574
Total liabilities and equity, $m
  1,360
  1,435
  1,527
  1,623
  1,723
  1,828
  1,936
  2,050
  2,167
  2,291
  2,419
  2,554
  2,695
  2,841
  2,995
  3,155
  3,324
  3,500
  3,684
  3,877
  4,080
  4,291
  4,513
  4,747
  4,991
  5,247
  5,514
  5,796
  6,091
  6,401
  6,726
Debt-to-equity ratio
  2.565
  2.570
  2.610
  2.650
  2.690
  2.720
  2.750
  2.780
  2.810
  2.830
  2.850
  2.880
  2.900
  2.920
  2.940
  2.950
  2.970
  2.980
  3.000
  3.010
  3.030
  3.040
  3.050
  3.060
  3.070
  3.080
  3.090
  3.100
  3.110
  3.120
  3.120
Adjusted equity ratio
  0.224
  0.234
  0.234
  0.234
  0.234
  0.234
  0.234
  0.234
  0.234
  0.234
  0.234
  0.234
  0.234
  0.234
  0.234
  0.234
  0.234
  0.234
  0.234
  0.234
  0.234
  0.234
  0.234
  0.234
  0.234
  0.234
  0.234
  0.234
  0.234
  0.234
  0.234

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  8
  6
  13
  20
  28
  37
  45
  54
  64
  74
  85
  129
  141
  153
  166
  180
  195
  210
  226
  243
  261
  280
  301
  322
  344
  368
  392
  419
  446
  476
  506
Depreciation, amort., depletion, $m
  62
  82
  85
  87
  90
  93
  96
  98
  102
  105
  108
  67
  70
  74
  78
  82
  87
  91
  96
  101
  106
  112
  118
  124
  130
  137
  144
  151
  159
  167
  175
Funds from operations, $m
  66
  88
  98
  108
  118
  129
  141
  153
  166
  179
  193
  196
  211
  227
  244
  262
  281
  301
  322
  345
  368
  392
  418
  445
  474
  504
  536
  570
  605
  643
  682
Change in working capital, $m
  -3
  10
  10
  10
  11
  11
  12
  12
  13
  13
  14
  14
  15
  16
  17
  17
  18
  19
  20
  21
  22
  23
  24
  25
  26
  28
  29
  30
  32
  33
  35
Cash from operations, $m
  69
  78
  88
  97
  107
  118
  129
  141
  153
  166
  179
  181
  196
  211
  228
  245
  263
  282
  303
  324
  346
  370
  394
  420
  448
  477
  507
  540
  573
  609
  647
Maintenance CAPEX, $m
  0
  -35
  -37
  -40
  -42
  -45
  -48
  -51
  -53
  -57
  -60
  -63
  -67
  -70
  -74
  -78
  -82
  -87
  -91
  -96
  -101
  -106
  -112
  -118
  -124
  -130
  -137
  -144
  -151
  -159
  -167
New CAPEX, $m
  -44
  -39
  -40
  -42
  -44
  -46
  -48
  -50
  -52
  -54
  -56
  -59
  -62
  -64
  -67
  -70
  -74
  -77
  -81
  -85
  -89
  -93
  -97
  -102
  -107
  -112
  -118
  -123
  -129
  -136
  -142
Cash from investing activities, $m
  -41
  -74
  -77
  -82
  -86
  -91
  -96
  -101
  -105
  -111
  -116
  -122
  -129
  -134
  -141
  -148
  -156
  -164
  -172
  -181
  -190
  -199
  -209
  -220
  -231
  -242
  -255
  -267
  -280
  -295
  -309
Free cash flow, $m
  28
  5
  10
  15
  21
  27
  34
  41
  48
  55
  63
  59
  68
  77
  86
  97
  107
  119
  130
  143
  156
  170
  185
  201
  217
  235
  253
  272
  293
  315
  337
Issuance/(repayment) of debt, $m
  -16
  68
  71
  74
  77
  80
  83
  87
  91
  94
  99
  103
  108
  113
  118
  123
  129
  135
  141
  148
  155
  162
  170
  178
  187
  196
  206
  216
  226
  237
  249
Issuance/(repurchase) of shares, $m
  3
  15
  9
  2
  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
  83
  80
  76
  77
  80
  83
  87
  91
  94
  99
  103
  108
  113
  118
  123
  129
  135
  141
  148
  155
  162
  170
  178
  187
  196
  206
  216
  226
  237
  249
Total cash flow (excl. dividends), $m
  7
  88
  89
  91
  98
  107
  117
  127
  138
  150
  162
  162
  175
  189
  204
  220
  236
  253
  272
  291
  311
  333
  355
  379
  404
  431
  458
  488
  519
  552
  586
Retained Cash Flow (-), $m
  -1
  -21
  -22
  -22
  -23
  -24
  -25
  -27
  -28
  -29
  -30
  -31
  -33
  -34
  -36
  -38
  -39
  -41
  -43
  -45
  -47
  -50
  -52
  -54
  -57
  -60
  -63
  -66
  -69
  -72
  -76
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
 
  67
  68
  69
  74
  83
  92
  101
  110
  121
  131
  131
  142
  155
  168
  182
  197
  212
  229
  246
  264
  283
  303
  324
  347
  371
  396
  422
  450
  479
  510
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
 
  60
  54
  49
  46
  44
  41
  38
  35
  31
  27
  21
  18
  15
  12
  9
  7
  5
  4
  3
  2
  1
  1
  1
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  97.8
  96.7
  96.4
  96.4
  96.4
  96.4
  96.4
  96.4
  96.4
  96.4
  96.4
  96.4
  96.4
  96.4
  96.4
  96.4
  96.4
  96.4
  96.4
  96.4
  96.4
  96.4
  96.4
  96.4
  96.4
  96.4
  96.4
  96.4
  96.4
  96.4

NN, Inc. manufactures high precision bearing components, industrial plastic products, and precision metal components to various markets worldwide. The company operates through three segments: Precision Bearing Components Group, Precision Engineered Products Group, and Autocam Precision Components Group. The Precision Bearing Components Group segment manufactures and supplies precision steel balls that are used primarily by manufacturers of anti-friction bearings and constant velocity joints; steel rollers, including tapered rollers used in automotive gearbox applications, automotive wheel bearings, and various industrial applications; cylindrical rollers used in the hydraulic pump industry; and precision metal retainers for roller bearings. The Precision Engineered Products Group segment manufactures a range of components, assemblies, and instruments, such as surgical knives, bioresorbable implants, surgical staples, orthopedic system tools, laparoscopic devices, drug delivery devices, and catheter components for the medical end market, electrical contacts, connectors, contact assemblies and precision stampings for the electrical control end market, precision components, assemblies and electrical contacts for the automotive end market, and a variety of engineered materials for the aerospace and defense end market. This segment also manufactures and sells precision plastic retainers for ball and roller bearings; and various specialized plastic products, such as automotive under-the-hood components, electronic instrument cases, and precision electronic connectors and lenses. The Autocam Precision Components Group segment offers components for use in fuel delivery, electromechanical motors, steering and braking systems and engineered shafts, mechanical components, precision assembled and tested parts, and fluid system components for the automotive, HVAC, fluid power, and diesel engine end markets. NN, Inc. was founded in 1980 and is based in Johnson City, Tennessee.

FINANCIAL RATIOS  of  NN (NNBR)

Valuation Ratios
P/E Ratio 86
Price to Sales 0.8
Price to Book 2.2
Price to Tangible Book
Price to Cash Flow 10
Price to Free Cash Flow 27.5
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 251.1%
Total Debt to Equity 256.5%
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 2.5%
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 6.6% 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 70.8%.

Life of production assets of 16.8 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 - $315 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 26.905 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 $0.7 billion.

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COMPANY NEWS

▶ [$$] 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]
Stock chart of NNBR 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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