Intrinsic value of Nelnet Cl A - NNI

Previous Close

$59.10

  Intrinsic Value

$23.91

stock screener

  Rating & Target

str. sell

-60%

Previous close

$59.10

 
Intrinsic value

$23.91

 
Up/down potential

-60%

 
Rating

str. sell

We calculate the intrinsic value of NNI 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 2.5

 

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, %
  3.68
  3.70
  3.83
  3.95
  4.05
  4.15
  4.23
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.63
  4.67
  4.70
  4.73
  4.76
  4.78
  4.80
  4.82
  4.84
  4.86
  4.87
  4.88
  4.90
  4.91
  4.92
  4.92
  4.93
  4.94
Revenue, $m
  761
  789
  819
  852
  886
  923
  962
  1,004
  1,047
  1,094
  1,143
  1,195
  1,250
  1,308
  1,369
  1,433
  1,501
  1,573
  1,648
  1,727
  1,810
  1,898
  1,990
  2,087
  2,189
  2,296
  2,409
  2,527
  2,652
  2,783
  2,920
Variable operating expenses, $m
 
  336
  349
  362
  376
  391
  407
  424
  442
  461
  481
  487
  510
  533
  558
  584
  612
  641
  672
  704
  738
  774
  811
  851
  892
  936
  982
  1,030
  1,081
  1,134
  1,190
Fixed operating expenses, $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
Total operating expenses, $m
  362
  336
  349
  362
  376
  391
  407
  424
  442
  461
  481
  487
  510
  533
  558
  584
  612
  641
  672
  704
  738
  774
  811
  851
  892
  936
  982
  1,030
  1,081
  1,134
  1,190
Operating income, $m
  399
  453
  471
  490
  510
  532
  555
  580
  606
  633
  662
  708
  740
  775
  811
  849
  889
  932
  976
  1,023
  1,072
  1,124
  1,179
  1,236
  1,297
  1,360
  1,427
  1,497
  1,571
  1,648
  1,730
EBITDA, $m
  522
  491
  509
  530
  551
  574
  598
  624
  651
  680
  711
  743
  777
  813
  851
  891
  933
  978
  1,025
  1,074
  1,126
  1,180
  1,237
  1,298
  1,361
  1,428
  1,498
  1,571
  1,649
  1,730
  1,815
Interest expense (income), $m
  301
  863
  872
  906
  942
  981
  1,023
  1,067
  1,113
  1,163
  1,215
  1,270
  1,329
  1,391
  1,456
  1,524
  1,597
  1,673
  1,753
  1,838
  1,927
  2,021
  2,120
  2,223
  2,332
  2,447
  2,568
  2,694
  2,828
  2,968
  3,115
Earnings before tax, $m
  399
  -411
  -401
  -416
  -432
  -449
  -467
  -487
  -507
  -529
  -553
  -562
  -588
  -616
  -645
  -675
  -708
  -742
  -777
  -815
  -855
  -897
  -941
  -987
  -1,036
  -1,087
  -1,141
  -1,197
  -1,257
  -1,319
  -1,385
Tax expense, $m
  141
  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
Net income, $m
  257
  -411
  -401
  -416
  -432
  -449
  -467
  -487
  -507
  -529
  -553
  -562
  -588
  -616
  -645
  -675
  -708
  -742
  -777
  -815
  -855
  -897
  -941
  -987
  -1,036
  -1,087
  -1,141
  -1,197
  -1,257
  -1,319
  -1,385

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  70
  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
  27,180
  28,184
  29,264
  30,419
  31,651
  32,964
  34,359
  35,840
  37,409
  39,070
  40,827
  42,683
  44,643
  46,711
  48,892
  51,192
  53,614
  56,166
  58,852
  61,680
  64,656
  67,786
  71,079
  74,542
  78,183
  82,011
  86,035
  90,265
  94,710
  99,381
  104,289
Adjusted assets (=assets-cash), $m
  27,110
  28,184
  29,264
  30,419
  31,651
  32,964
  34,359
  35,840
  37,409
  39,070
  40,827
  42,683
  44,643
  46,711
  48,892
  51,192
  53,614
  56,166
  58,852
  61,680
  64,656
  67,786
  71,079
  74,542
  78,183
  82,011
  86,035
  90,265
  94,710
  99,381
  104,289
Revenue / Adjusted assets
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
  0.028
Average production assets, $m
  112
  116
  120
  125
  130
  136
  141
  148
  154
  161
  168
  176
  184
  192
  201
  211
  221
  231
  242
  254
  266
  279
  293
  307
  322
  338
  354
  372
  390
  409
  429
Working capital, $m
  0
  -73
  -75
  -78
  -82
  -85
  -89
  -92
  -96
  -101
  -105
  -110
  -115
  -120
  -126
  -132
  -138
  -145
  -152
  -159
  -167
  -175
  -183
  -192
  -201
  -211
  -222
  -233
  -244
  -256
  -269
Total debt, $m
  24,668
  24,916
  25,887
  26,927
  28,036
  29,218
  30,473
  31,806
  33,218
  34,713
  36,294
  37,965
  39,729
  41,590
  43,553
  45,622
  47,803
  50,099
  52,517
  55,062
  57,740
  60,558
  63,521
  66,638
  69,915
  73,360
  76,982
  80,788
  84,789
  88,993
  93,410
Total liabilities, $m
  25,118
  25,366
  26,337
  27,377
  28,486
  29,668
  30,923
  32,256
  33,668
  35,163
  36,744
  38,415
  40,179
  42,040
  44,003
  46,072
  48,253
  50,549
  52,967
  55,512
  58,190
  61,008
  63,971
  67,088
  70,365
  73,810
  77,432
  81,238
  85,239
  89,443
  93,860
Total equity, $m
  2,062
  2,818
  2,926
  3,042
  3,165
  3,296
  3,436
  3,584
  3,741
  3,907
  4,083
  4,268
  4,464
  4,671
  4,889
  5,119
  5,361
  5,617
  5,885
  6,168
  6,466
  6,779
  7,108
  7,454
  7,818
  8,201
  8,604
  9,026
  9,471
  9,938
  10,429
Total liabilities and equity, $m
  27,180
  28,184
  29,263
  30,419
  31,651
  32,964
  34,359
  35,840
  37,409
  39,070
  40,827
  42,683
  44,643
  46,711
  48,892
  51,191
  53,614
  56,166
  58,852
  61,680
  64,656
  67,787
  71,079
  74,542
  78,183
  82,011
  86,036
  90,264
  94,710
  99,381
  104,289
Debt-to-equity ratio
  11.963
  8.840
  8.850
  8.850
  8.860
  8.860
  8.870
  8.870
  8.880
  8.880
  8.890
  8.890
  8.900
  8.900
  8.910
  8.910
  8.920
  8.920
  8.920
  8.930
  8.930
  8.930
  8.940
  8.940
  8.940
  8.950
  8.950
  8.950
  8.950
  8.950
  8.960
Adjusted equity ratio
  0.073
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  257
  -411
  -401
  -416
  -432
  -449
  -467
  -487
  -507
  -529
  -553
  -562
  -588
  -616
  -645
  -675
  -708
  -742
  -777
  -815
  -855
  -897
  -941
  -987
  -1,036
  -1,087
  -1,141
  -1,197
  -1,257
  -1,319
  -1,385
Depreciation, amort., depletion, $m
  123
  38
  39
  40
  41
  42
  43
  44
  45
  47
  48
  35
  37
  38
  40
  42
  44
  46
  48
  51
  53
  56
  59
  61
  64
  68
  71
  74
  78
  82
  86
Funds from operations, $m
  339
  -373
  -363
  -377
  -391
  -407
  -424
  -443
  -462
  -482
  -504
  -527
  -552
  -577
  -605
  -633
  -663
  -695
  -729
  -764
  -802
  -841
  -882
  -926
  -971
  -1,019
  -1,070
  -1,123
  -1,179
  -1,238
  -1,299
Change in working capital, $m
  14
  -3
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -8
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -13
Cash from operations, $m
  325
  -370
  -360
  -374
  -388
  -404
  -421
  -439
  -458
  -478
  -500
  -522
  -547
  -572
  -599
  -627
  -657
  -689
  -722
  -757
  -794
  -833
  -874
  -917
  -962
  -1,010
  -1,060
  -1,112
  -1,167
  -1,226
  -1,287
Maintenance CAPEX, $m
  0
  -22
  -23
  -24
  -25
  -26
  -27
  -28
  -30
  -31
  -32
  -34
  -35
  -37
  -38
  -40
  -42
  -44
  -46
  -48
  -51
  -53
  -56
  -59
  -61
  -64
  -68
  -71
  -74
  -78
  -82
New CAPEX, $m
  -68
  -5
  -4
  -5
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -8
  -8
  -9
  -9
  -9
  -10
  -11
  -11
  -12
  -12
  -13
  -14
  -14
  -15
  -16
  -17
  -17
  -18
  -19
  -20
Cash from investing activities, $m
  3,259
  -27
  -27
  -29
  -30
  -31
  -33
  -34
  -36
  -38
  -39
  -42
  -43
  -46
  -47
  -49
  -52
  -55
  -57
  -60
  -63
  -66
  -70
  -73
  -76
  -80
  -85
  -88
  -92
  -97
  -102
Free cash flow, $m
  3,584
  -397
  -387
  -402
  -418
  -436
  -454
  -473
  -494
  -516
  -539
  -564
  -590
  -617
  -646
  -677
  -709
  -743
  -779
  -817
  -857
  -899
  -943
  -989
  -1,038
  -1,090
  -1,144
  -1,200
  -1,260
  -1,323
  -1,389
Issuance/(repayment) of debt, $m
  -3,484
  248
  972
  1,040
  1,109
  1,181
  1,256
  1,333
  1,412
  1,495
  1,581
  1,671
  1,764
  1,861
  1,963
  2,069
  2,180
  2,296
  2,418
  2,545
  2,678
  2,818
  2,964
  3,117
  3,277
  3,445
  3,622
  3,807
  4,001
  4,204
  4,417
Issuance/(repurchase) of shares, $m
  -68
  1,237
  509
  532
  555
  581
  607
  635
  664
  695
  728
  748
  784
  823
  863
  905
  950
  997
  1,046
  1,098
  1,152
  1,210
  1,270
  1,333
  1,400
  1,470
  1,543
  1,620
  1,701
  1,786
  1,876
Cash from financing (excl. dividends), $m  
  -3,558
  1,485
  1,481
  1,572
  1,664
  1,762
  1,863
  1,968
  2,076
  2,190
  2,309
  2,419
  2,548
  2,684
  2,826
  2,974
  3,130
  3,293
  3,464
  3,643
  3,830
  4,028
  4,234
  4,450
  4,677
  4,915
  5,165
  5,427
  5,702
  5,990
  6,293
Total cash flow (excl. dividends), $m
  27
  1,088
  1,093
  1,169
  1,246
  1,326
  1,409
  1,494
  1,583
  1,675
  1,770
  1,855
  1,959
  2,067
  2,180
  2,298
  2,421
  2,550
  2,685
  2,826
  2,974
  3,128
  3,291
  3,460
  3,639
  3,825
  4,021
  4,226
  4,442
  4,668
  4,905
Retained Cash Flow (-), $m
  -178
  -1,237
  -509
  -532
  -555
  -581
  -607
  -635
  -664
  -695
  -728
  -748
  -784
  -823
  -863
  -905
  -950
  -997
  -1,046
  -1,098
  -1,152
  -1,210
  -1,270
  -1,333
  -1,400
  -1,470
  -1,543
  -1,620
  -1,701
  -1,786
  -1,876
Prev. year cash balance distribution, $m
 
  70
  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
 
  -79
  584
  637
  691
  746
  802
  859
  918
  979
  1,042
  1,107
  1,174
  1,244
  1,317
  1,392
  1,471
  1,553
  1,639
  1,728
  1,821
  1,919
  2,021
  2,127
  2,239
  2,356
  2,478
  2,606
  2,740
  2,881
  3,029
Discount rate, %
 
  14.80
  15.54
  16.32
  17.13
  17.99
  18.89
  19.83
  20.83
  21.87
  22.96
  24.11
  25.31
  26.58
  27.91
  29.30
  30.77
  32.31
  33.92
  35.62
  37.40
  39.27
  41.23
  43.29
  45.46
  47.73
  50.12
  52.62
  55.26
  58.02
  60.92
PV of cash for distribution, $m
 
  -69
  437
  405
  367
  326
  284
  242
  202
  165
  132
  103
  78
  58
  42
  29
  20
  13
  9
  5
  3
  2
  1
  1
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  65.8
  57.1
  49.6
  43.0
  37.3
  32.3
  27.9
  24.2
  20.9
  18.1
  15.7
  13.6
  11.8
  10.2
  8.8
  7.6
  6.6
  5.7
  4.9
  4.3
  3.7
  3.2
  2.8
  2.4
  2.1
  1.8
  1.5
  1.3
  1.1
  1.0

Nelnet, Inc. focuses on delivering education-related products and services and student loan asset management. The Company is engaged in student loan servicing, tuition payment processing and school information systems, and communications. The Company's segments include Loan Systems and Servicing, Tuition Payment Processing and Campus Commerce, Communications, Asset Generation and Management, and Corporate and Other Activities. The Company earns fee-based revenue through its Loan Systems and Servicing, Tuition Payment Processing, and Communications operating segments. In addition, the Company earns interest income on its student loan portfolio in its Asset Generation and Management operating segment. Corporate and Other Activities include real estate and other investments. The Company, through Allo Communications LLC, is engaged in the sale of advanced telecommunication services, including Internet, broadband, telephone, and television services.

FINANCIAL RATIOS  of  Nelnet Cl A (NNI)

Valuation Ratios
P/E Ratio 9.7
Price to Sales 3.3
Price to Book 1.2
Price to Tangible Book
Price to Cash Flow 7.7
Price to Free Cash Flow 9.7
Growth Rates
Sales Growth Rate 3.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 300%
Cap. Spend. - 3 Yr. Gr. Rate 32%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 1196.3%
Total Debt to Equity 1196.3%
Interest Coverage 2
Management Effectiveness
Return On Assets 1.6%
Ret/ On Assets - 3 Yr. Avg. 1.5%
Return On Total Capital 0.9%
Ret/ On T. Cap. - 3 Yr. Avg. 1%
Return On Equity 13%
Return On Equity - 3 Yr. Avg. 15.8%
Asset Turnover 0
Profitability Ratios
Gross Margin 49%
Gross Margin - 3 Yr. Avg. 56.5%
EBITDA Margin 108.1%
EBITDA Margin - 3 Yr. Avg. 108.2%
Operating Margin 52.4%
Oper. Margin - 3 Yr. Avg. 58.7%
Pre-Tax Margin 52.4%
Pre-Tax Margin - 3 Yr. Avg. 58.7%
Net Profit Margin 33.8%
Net Profit Margin - 3 Yr. Avg. 37.9%
Effective Tax Rate 35.3%
Eff/ Tax Rate - 3 Yr. Avg. 35.3%
Payout Ratio 8.2%

NNI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the NNI stock intrinsic value calculation we used $761 million for the last fiscal year's total revenue generated by Nelnet Cl A. The default revenue input number comes from 2016 income statement of Nelnet Cl A. 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 NNI stock valuation model: a) initial revenue growth rate of 3.7% 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 14.8%, whose default value for NNI is calculated based on our internal credit rating of Nelnet Cl A, 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 Nelnet Cl A.
    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 NNI stock the variable cost ratio is equal to 42.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for NNI 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 3.5% for Nelnet Cl A.

Corporate tax rate of 27% is the nominal tax rate for Nelnet Cl A. 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 NNI 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 NNI are equal to 14.7%.

Life of production assets of 2.1 years is the average useful life of capital assets used in Nelnet Cl A 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 NNI is equal to -9.2%. 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 - $2062 million for Nelnet Cl A - 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 41.624 million for Nelnet Cl A 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 Nelnet Cl A at the current share price and the inputted number of shares is $2.5 billion.

RELATED COMPANIES Price Int.Val. Rating
NAVI Navient 12.36 3.37  str.sell
SLM SLM 10.95 3.03  str.sell
ACIW ACI Worldwide 24.20 14.57  sell
ABCD Cambium Learni 6.20 1.09  str.sell
HMHC Houghton Miffl 10.60 0.36  str.sell

COMPANY NEWS

▶ Nelnet, Inc.: Strong price momentum but will it sustain?   [Oct-20-17 10:00AM  Capital Cube]
▶ Nelnet to Announce Third Quarter Results on November 7   [Oct-12-17 05:30PM  PR Newswire]
▶ ETFs with exposure to Nelnet, Inc. : October 9, 2017   [Oct-09-17 11:49AM  Capital Cube]
▶ Nelnet posts 2Q profit   [Aug-08-17 12:00AM  Associated Press]
▶ Nelnet Reports Second Quarter 2017 Results   [Aug-07-17 04:15PM  PR Newswire]
▶ Nelnet to Announce Second Quarter Results on August 7   [Jul-14-17 07:00AM  PR Newswire]
▶ ETFs with exposure to Nelnet, Inc. : July 3, 2017   [Jul-03-17 03:31PM  Capital Cube]
▶ Student loan servicer fights back as states eye protections   [Jun-20-17 09:23PM  Associated Press]
▶ ETFs with exposure to Nelnet, Inc. : June 13, 2017   [Jun-13-17 12:46PM  Capital Cube]
▶ Nelnet posts 1Q profit   [May-08-17 05:08PM  Associated Press]
▶ Nelnet Reports First Quarter 2017 Results   [04:15PM  PR Newswire]
▶ Nelnet to Announce First Quarter Results on May 8   [Apr-14-17 05:00PM  PR Newswire]
▶ Nelnet posts 4Q profit   [Feb-27-17 05:10PM  Associated Press]
▶ Nelnet Board Approves Dividend   [Feb-03-17 04:15PM  PR Newswire]
▶ Hedge Funds Are Buying Trex Company Inc (TREX)   [Dec-12-16 02:51AM  at Insider Monkey]
▶ How HMS Holdings Corp (HMSY) Stacks Up Against Its Peers   [Nov-28-16 10:05PM  at Insider Monkey]
▶ Nelnet Reports Third Quarter 2016 Results   [04:15PM  PR Newswire]
▶ Nelnet Reschedules Release of Third Quarter Results   [Nov-03-16 04:41PM  PR Newswire]
▶ Nelnet to Announce Third Quarter Results   [Oct-06-16 04:50PM  PR Newswire]
▶ Nelnet Reports Second Quarter 2016 Results   [Aug-04-16 05:10PM  PR Newswire]
▶ Nelnet to Announce Second Quarter Results   [Jul-15-16 11:52AM  PR Newswire]
Financial statements of NNI
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.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.