Company Valuation: Nelnet, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 3,735 3,368 3,293 3,876 4,778 4,840 -
Change - -9.84% -2.23% 17.71% 23.26% 1.3% -
Enterprise Value (EV) 3,735 3,368 3,293 3,876 4,778 4,840 4,840
Change - -9.84% -2.23% 17.71% 23.26% 1.3% 0%
P/E - - 36x 21.3x 11.3x 15.7x 13.7x
PBR 1.25x 1.05x - - - - -
PEG - - - 0x 0x -0.6x 1x
Capitalization / Revenue 2.82x 2.16x 2.7x 2.66x 2.72x 2.86x 2.7x
EV / Revenue 0x 0x 0x 0x 0x 2.86x 2.7x
EV / EBITDA - - - - - - -
EV / EBIT - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Dividend per Share 2 0.9 - - - 1.19 - -
Rate of return 0.92% - - - 0.9% - -
EPS 2 - - 2.45 5.02 11.79 8.6 9.8
Distribution rate - - - - 10.1% - -
Net sales 1 1,325 1,559 1,220 1,458 1,759 1,690 1,794
EBITDA - - - - - - -
EBIT 489.7 555.9 139.6 283.2 594.2 - -
Net income - - 91.53 184 428.5 - -
Net Debt - - - - - - -
Reference price 2 97.68 90.75 88.22 106.81 132.96 134.68 134.68
Nbr of stocks (in thousands) 38,242 37,111 37,324 36,288 35,933 35,934 -
Announcement Date 2/28/22 2/28/23 2/27/24 2/27/25 2/26/26 - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.66x - - - 4.84B
32.86x18.16x - 0.5% 66.22B
30.09x4.8x16.07x-.--% 44.85B
26.72x2.91x16.25x0.07% 30.14B
18.3x12.96x24.57x1.11% 25.91B
8.24x1.86x - 1.67% 25.82B
30.9x4.65x13.67x-.--% 23.65B
30.09x - - - 16.03B
29.91x20.76x51.82x0.12% 16.18B
Average 24.75x 9.44x 24.48x 0.5% 28.18B
Weighted average by Cap. 26.77x 10.03x 21.38x 0.47%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Nelnet, Inc.