Nelnet, Inc.

Nelnet, Inc.

NNIยทNYSE

$127.71

-1.1%
Financial ServicesFinancial - Credit Services

Nelnet, Inc. engages in loan servicing, communications, education technology, services, and payment processing businesses worldwide. The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing services. This segment also provides student loan servicing software; business process outsourcing services specialized in contact center management, such as inbound calls, outreach campaigns and sales, and interacting with customers through multi-channels. The Education Technology, Services, and Payment Processing segment offers financial management services; school information system software; website design and cost effective admissions software; FACTS Giving, a donation platform; and customized professional development and coaching services, educational instruction services, and technology products that aid in teacher and student evaluations. It also offers tuition payment plans, and service and technology for student billings, payments, and refunds; solutions for in-person, online, and mobile payment experiences on campus; payment processing services, such as credit card and electronic transfer; faith community engagement, giving management, and learning management services and technologies; and an integrated commerce payment platform, financial management, and tuition payment plan services, as well as a school management platform that provides administrative, information management, financial management, and communication functions for K-12 schools. The Communications segment provides fiber optic service to homes and businesses for internet, television, and telephone services. The Asset Generation and Management segment acquires, manages, and owns loan assets. The Nelnet Bank segment operates internet industrial banks. The company was founded in 1978 and is headquartered in Lincoln, Nebraska.

At a Glance

Live Snapshot
Market Cap$4.59B
EPS11.5800
P/E Ratio11.03
Earnings Date08/05/2026
Nelnet, Inc.

Nelnet, Inc. Fair Value Envelope

NNI ยท NYSE

Our analysis suggests that NNI has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $127.71, this represents a potential HIDDEN relative to our calculated worth for Nelnet, Inc..

Intrinsic Value
Current Price: $127.71

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$583.4M
+ Cash & Equivalents$973.5M
Firm Value$1.6B
- Debt$7.8B
Equity Value-$6.2B
/ Shares Outstanding35,933,034B
DCF Value-$174
OVERVALUED BY 236%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$261.4M
$161.5M
$99.8M
$61.7M
$38.1M
$23.6M
$14.6M
$9.0M
$5.6M
$3.4M
Maintenance CapEx
-$3.2M
-$2.0M
-$1.2M
-$765.4K
-$473.0K
-$292.3K
-$180.7K
-$111.7K
-$69.0K
-$42.6K
Owner Earnings
$258.2M
$159.5M
$98.6M
$60.9M
$37.7M
$23.3M
$14.4M
$8.9M
$5.5M
$3.4M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$239.0M
$136.8M
$78.3M
$44.8M
$25.6M
$14.7M
$8.4M
$4.8M
$2.7M
$1.6M
Terminal Value represents 4.6% of Enterprise Value