(NNI) Nelnet - Ratings and Ratios
Loan Servicing, Education Technology, Payment Processing, Student Loans, Banking
Dividends
| Dividend Yield | 0.91% |
| Yield on Cost 5y | 1.79% |
| Yield CAGR 5y | 8.11% |
| Payout Consistency | 86.5% |
| Payout Ratio | 10.1% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 22.2% |
| Value at Risk 5%th | 33.0% |
| Relative Tail Risk | -9.52% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.74 |
| Alpha | 9.92 |
| CAGR/Max DD | 0.71 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.428 |
| Beta | 0.698 |
| Beta Downside | 0.701 |
| Drawdowns 3y | |
|---|---|
| Max DD | 18.52% |
| Mean DD | 6.75% |
| Median DD | 5.61% |
Description: NNI Nelnet November 07, 2025
Nelnet, Inc. (NYSE: NNI) operates four distinct segments: (1) Loan Servicing and Systems, delivering end-to-end student loan processing, software, and contact-center outsourcing; (2) Education Technology Services and Payments, offering school-management platforms, tuition-payment plans, and campus-payment processing; (3) Asset Generation and Management, which acquires and holds loan assets; and (4) Nelnet Bank, an internet-industrial bank that also provides investment advisory, real-estate, and solar-EPC services. The company’s diversified model ties together traditional consumer-finance servicing with growing education-tech and renewable-energy businesses.
Key performance indicators from the most recent FY 2023 filing show: total revenue of approximately $2.2 billion (up ~4% YoY), a loan-servicing portfolio of roughly $120 billion, and an operating margin of 9.5%. The Education Technology segment contributed about $420 million in revenue, reflecting a 12% annual growth rate driven by expanding K-12 digital-learning adoption. Nelnet’s net interest income margin remained near 3.2%, consistent with broader consumer-finance benchmarks.
Sector drivers that materially affect Nelnet’s outlook include: (i) the federal policy environment around student-loan forgiveness and interest-rate subsidies, which can shift servicing volumes; (ii) higher-education enrollment trends-currently stabilizing after a pandemic-induced dip-supporting demand for tuition-payment and LMS solutions; and (iii) the low-interest-rate backdrop that sustains loan-asset yields but also pressures net interest margins across the consumer-finance industry.
For a deeper quantitative dive, you might explore the company’s metrics on ValueRay, where the platform aggregates recent earnings estimates and peer benchmarks.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income (433.9m TTM) > 0 and > 6% of Revenue (6% = 120.5m TTM) |
| FCFTA 0.03 (>2.0%) and ΔFCFTA -0.22pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -54.94% (prev -46.66%; Δ -8.28pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.03 (>3.0%) and CFO 465.9m > Net Income 433.9m (YES >=105%, WARN >=100%) |
| Net Debt (7.61b) to EBITDA (653.2m) ratio: 11.65 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.58 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (36.3m) change vs 12m ago -0.31% (target <= -2.0% for YES) |
| Gross Margin 71.53% (prev 57.07%; Δ 14.46pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 14.36% (prev 13.03%; Δ 1.33pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 1.07 (EBITDA TTM 653.2m / Interest Expense TTM 519.8m) >= 6 (WARN >= 3) |
Altman Z'' 0.98
| (A) -0.08 = (Total Current Assets 1.55b - Total Current Liabilities 2.66b) / Total Assets 13.88b |
| (B) 0.26 = Retained Earnings (Balance) 3.65b / Total Assets 13.88b |
| (C) 0.04 = EBIT TTM 558.4m / Avg Total Assets 13.98b |
| (D) 0.35 = Book Value of Equity 3.65b / Total Liabilities 10.29b |
| Total Rating: 0.98 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 58.79
| 1. Piotroski 4.50pt |
| 2. FCF Yield 4.20% |
| 3. FCF Margin 23.14% |
| 4. Debt/Equity 2.14 |
| 5. Debt/Ebitda 11.65 |
| 6. ROIC - WACC (= -0.38)% |
| 7. RoE 12.40% |
| 8. Rev. Trend 39.96% |
| 9. EPS Trend -4.22% |
What is the price of NNI shares?
Over the past week, the price has changed by +1.22%, over one month by +0.62%, over three months by +1.56% and over the past year by +22.18%.
Is NNI a buy, sell or hold?
- Strong Buy: 0
- Buy: 0
- Hold: 1
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the NNI price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 135 | 3.5% |
| Analysts Target Price | 135 | 3.5% |
| ValueRay Target Price | 149.5 | 14.5% |
NNI Fundamental Data Overview November 24, 2025
P/E Trailing = 10.728
P/E Forward = 14.8588
P/S = 2.7206
P/B = 1.2567
P/EG = -1.93
Beta = 0.832
Revenue TTM = 2.01b USD
EBIT TTM = 558.4m USD
EBITDA TTM = 653.2m USD
Long Term Debt = 6.66b USD (from longTermDebt, last quarter)
Short Term Debt = 1.16b USD (from shortTermDebt, last quarter)
Debt = 7.82b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 7.61b USD (from netDebt column, last quarter)
Enterprise Value = 11.07b USD (4.62b + Debt 7.82b - CCE 1.37b)
Interest Coverage Ratio = 1.07 (Ebit TTM 558.4m / Interest Expense TTM 519.8m)
FCF Yield = 4.20% (FCF TTM 464.5m / Enterprise Value 11.07b)
FCF Margin = 23.14% (FCF TTM 464.5m / Revenue TTM 2.01b)
Net Margin = 21.61% (Net Income TTM 433.9m / Revenue TTM 2.01b)
Gross Margin = 71.53% ((Revenue TTM 2.01b - Cost of Revenue TTM 571.6m) / Revenue TTM)
Gross Margin QoQ = 76.32% (prev 75.39%)
Tobins Q-Ratio = 0.80 (Enterprise Value 11.07b / Total Assets 13.88b)
Interest Expense / Debt = 1.54% (Interest Expense 120.7m / Debt 7.82b)
Taxrate = 26.22% (35.8m / 136.4m)
NOPAT = 412.0m (EBIT 558.4m * (1 - 26.22%))
Current Ratio = 0.58 (Total Current Assets 1.55b / Total Current Liabilities 2.66b)
Debt / Equity = 2.14 (Debt 7.82b / totalStockholderEquity, last quarter 3.65b)
Debt / EBITDA = 11.65 (Net Debt 7.61b / EBITDA 653.2m)
Debt / FCF = 16.37 (Net Debt 7.61b / FCF TTM 464.5m)
Total Stockholder Equity = 3.50b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.13% (Net Income 433.9m / Total Assets 13.88b)
RoE = 12.40% (Net Income TTM 433.9m / Total Stockholder Equity 3.50b)
RoCE = 5.50% (EBIT 558.4m / Capital Employed (Equity 3.50b + L.T.Debt 6.66b))
RoIC = 3.53% (NOPAT 412.0m / Invested Capital 11.67b)
WACC = 3.91% (E(4.62b)/V(12.44b) * Re(8.59%) + D(7.82b)/V(12.44b) * Rd(1.54%) * (1-Tc(0.26)))
Discount Rate = 8.59% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.40%
[DCF Debug] Terminal Value 76.03% ; FCFE base≈479.5m ; Y1≈470.8m ; Y5≈481.4m
Fair Price DCF = 305.2 (DCF Value 7.73b / Shares Outstanding 25.3m; 5y FCF grow -2.76% → 3.0% )
EPS Correlation: -4.22 | EPS CAGR: 4.51% | SUE: 1.08 | # QB: 3
Revenue Correlation: 39.96 | Revenue CAGR: 4.38% | SUE: 0.49 | # QB: 0
EPS next Quarter (2026-03-31): EPS=2.57 | Chg30d=+0.030 | Revisions Net=+1 | Analysts=1
EPS next Year (2026-12-31): EPS=8.80 | Chg30d=+0.060 | Revisions Net=+1 | Growth EPS=+34.8% | Growth Revenue=+6.3%
Additional Sources for NNI Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle