NN Inc. manufactures and supplies high precision metal bearing components, industrial plastic and rubber products and precision metal components to a variety of markets on a global basis.The company was founded in 1980 and is based in Johnson City, Tennessee.
NNBR Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Nn Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Nn Inc ranked in the 46th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. As for the metrics that stood out in our discounted cash flow analysis of Nn Inc, consider:
The company has produced more trailing twelve month cash flow than just 18.19% of its sector Industrials.
18% of the company's capital comes from equity, which is greater than merely 7.2% of stocks in our cash flow based forecasting set.
Nn Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -3.92. This coverage rate is greater than that of only 12.9% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
HSII, ICFI, LHX, LUV, and NSC can be thought of as valuation peers to NNBR, in the sense that they are in the Industrials sector and have a similar price forecast based on DCF valuation.
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Moody's Investors Service ("Moody's") downgraded the ratings of NN, Inc. ("NN"), including Corporate Family Rating (CFR) and Probability of Default Ratings to Caa2 and Caa3-PD, from Caa1 and Caa2-PD, respectively; and downgraded the senior secured credit facilities to Caa2 from Caa1. The outlook is negative.
Image source: The Motley Fool. NN (NASDAQ: NNBR)Q1 2020 Earnings CallMay 08, 2020, 9:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood day, and welcome to the NN, Inc.