Professional
Added to YB: 2024-04-01
Pitch date: 2024-03-28
NNI [bullish]
Nelnet, Inc.
+42.49%
current return
Author Info
Symmetry Invest is a portfolio that focuses on Small- and Mid-cap stocks primarily in Europe and the USA. The long-term objective is to deliver the highest possible growth in net asset value per share at the lowest possible risk. Visit their website.
Company Info
Nelnet, Inc. engages in loan servicing, education technology services, and payment businesses worldwide.
Market Cap
$4.6B
Pitch Price
$93.33
Price Target
195.99 (+47%)
Dividend
0.93%
EV/EBITDA
N/A
P/E
10.85
EV/Sales
N/A
Sector
Consumer Finance
Category
value
Symmetry Invest A/S Portfolio Holding: Nelnet, Inc.
NNI: Trades near NAV despite 16% BV growth over 19 years. Earnings dragged by one-offs in 2023, intrinsic value understated. Own two asset-light biz worth $2B above BV. 45% of Allo Fiber at $0 BV due to accounting, est. $300-500M value. 20% stake in Hudl booked at $170M Covid valuation, now worth $0.5-1B. Estimate 2x BV upside in 3-5 years.
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