(NNI) Nelnet - Ratings and Ratios
Loan Servicing, Education Tech, Payment Processing, Asset Management, Nelnet Bank
NNI EPS (Earnings per Share)
NNI Revenue
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.
NNI Stock Overview
| Market Cap in USD | 4,668m |
| Sub-Industry | Consumer Finance |
| IPO / Inception | 2003-12-11 |
NNI Stock Ratings
| Growth Rating | 71.3% |
| Fundamental | 55.5% |
| Dividend Rating | 55.1% |
| Return 12m vs S&P 500 | -8.59% |
| Analyst Rating | 3.0 of 5 |
NNI Dividends
| Dividend Yield 12m | 0.88% |
| Yield on Cost 5y | 1.82% |
| Annual Growth 5y | 8.11% |
| Payout Consistency | 86.5% |
| Payout Ratio | 12.8% |
NNI Growth Ratios
| Growth Correlation 3m | 54.5% |
| Growth Correlation 12m | 83.5% |
| Growth Correlation 5y | 91.1% |
| CAGR 5y | 11.89% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.64 |
| CAGR/Mean DD 3y (Pain Ratio) | 1.66 |
| Sharpe Ratio 12m | 0.06 |
| Alpha | -2.54 |
| Beta | 0.836 |
| Volatility | 20.03% |
| Current Volume | 90.3k |
| Average Volume 20d | 79k |
| Stop Loss | 125.9 (-3%) |
| Signal | 0.26 |
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income (329.6m TTM) > 0 and > 6% of Revenue (6% = 117.2m TTM) |
| FCFTA 0.00 (>2.0%) and ΔFCFTA -3.13pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -27.33% (prev 1295 %; Δ -1323 pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.04 (>3.0%) and CFO 490.5m > Net Income 329.6m (YES >=105%, WARN >=100%) |
| Net Debt (7.68b) to EBITDA (646.3m) ratio: 11.88 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.74 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (36.5m) change vs 12m ago -0.11% (target <= -2.0% for YES) |
| Gross Margin 67.18% (prev 52.48%; Δ 14.70pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 13.84% (prev 10.78%; Δ 3.06pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 1.00 (EBITDA TTM 646.3m / Interest Expense TTM 567.5m) >= 6 (WARN >= 3) |
Altman Z'' 1.23
| (A) -0.04 = (Total Current Assets 1.49b - Total Current Liabilities 2.02b) / Total Assets 13.71b |
| (B) 0.26 = Retained Earnings (Balance) 3.58b / Total Assets 13.71b |
| (C) 0.04 = EBIT TTM 567.6m / Avg Total Assets 14.11b |
| (D) 0.35 = Book Value of Equity 3.57b / Total Liabilities 10.23b |
| Total Rating: 1.23 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 55.54
| 1. Piotroski 4.50pt = -0.50 |
| 2. FCF Yield 0.46% = 0.23 |
| 3. FCF Margin 2.68% = 0.67 |
| 4. Debt/Equity 2.21 = 0.45 |
| 5. Debt/Ebitda 11.88 = -2.50 |
| 6. ROIC - WACC (= -0.58)% = -0.72 |
| 7. RoE 9.67% = 0.81 |
| 8. Rev. Trend 78.36% = 5.88 |
| 9. EPS Trend 24.48% = 1.22 |
What is the price of NNI shares?
Over the past week, the price has changed by +1.14%, over one month by -0.03%, over three months by +3.42% and over the past year by +4.93%.
Is Nelnet a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of NNI is around 133.72 USD . This means that NNI is currently overvalued and has a potential downside of 3.02%.
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 | 130 | 0.2% |
| Analysts Target Price | 130 | 0.2% |
| ValueRay Target Price | 143.3 | 10.4% |
NNI Fundamental Data Overview November 04, 2025
P/E Trailing = 14.2597
P/E Forward = 15.748
P/S = 2.9937
P/B = 1.3296
P/EG = -1.93
Beta = 0.836
Revenue TTM = 1.95b USD
EBIT TTM = 567.6m USD
EBITDA TTM = 646.3m USD
Long Term Debt = 7.28b USD (from longTermDebt, last quarter)
Short Term Debt = 621.3m USD (from shortTermDebt, last quarter)
Debt = 7.90b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 7.68b USD (from netDebt column, last quarter)
Enterprise Value = 11.26b USD (4.67b + Debt 7.90b - CCE 1.31b)
Interest Coverage Ratio = 1.00 (Ebit TTM 567.6m / Interest Expense TTM 567.5m)
FCF Yield = 0.46% (FCF TTM 52.3m / Enterprise Value 11.26b)
FCF Margin = 2.68% (FCF TTM 52.3m / Revenue TTM 1.95b)
Net Margin = 16.88% (Net Income TTM 329.6m / Revenue TTM 1.95b)
Gross Margin = 67.18% ((Revenue TTM 1.95b - Cost of Revenue TTM 640.9m) / Revenue TTM)
Gross Margin QoQ = 75.59% (prev 69.87%)
Tobins Q-Ratio = 0.82 (Enterprise Value 11.26b / Total Assets 13.71b)
Interest Expense / Debt = 1.68% (Interest Expense 132.9m / Debt 7.90b)
Taxrate = 25.07% (59.5m / 237.4m)
NOPAT = 425.3m (EBIT 567.6m * (1 - 25.07%))
Current Ratio = 0.74 (Total Current Assets 1.49b / Total Current Liabilities 2.02b)
Debt / Equity = 2.21 (Debt 7.90b / totalStockholderEquity, last quarter 3.57b)
Debt / EBITDA = 11.88 (Net Debt 7.68b / EBITDA 646.3m)
Debt / FCF = 146.8 (Net Debt 7.68b / FCF TTM 52.3m)
Total Stockholder Equity = 3.41b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.40% (Net Income 329.6m / Total Assets 13.71b)
RoE = 9.67% (Net Income TTM 329.6m / Total Stockholder Equity 3.41b)
RoCE = 5.31% (EBIT 567.6m / Capital Employed (Equity 3.41b + L.T.Debt 7.28b))
RoIC = 3.59% (NOPAT 425.3m / Invested Capital 11.83b)
WACC = 4.17% (E(4.67b)/V(12.57b) * Re(9.10%) + D(7.90b)/V(12.57b) * Rd(1.68%) * (1-Tc(0.25)))
Discount Rate = 9.10% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -1.17%
[DCF Debug] Terminal Value 66.21% ; FCFE base≈234.8m ; Y1≈156.6m ; Y5≈73.9m
Fair Price DCF = 47.76 (DCF Value 1.22b / Shares Outstanding 25.5m; 5y FCF grow -38.87% → 3.0% )
EPS Correlation: 24.48 | EPS CAGR: -53.24% | SUE: -1.16 | # QB: 0
Revenue Correlation: 78.36 | Revenue CAGR: 23.41% | SUE: 0.83 | # QB: 0
Additional Sources for NNI Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle