NN, Inc.

NNBR

IndustrialsConglomeratesNASDAQ

$2.26

Market Cap: $119.27M

NN, Inc. (NNBR) Valuation Summary

Updated Apr 22, 2026 22:17

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	$0.46 – $10.56	$0.46	-80.6%
Revenue DCF 10Y	$0.01 – $9.47	$0.89	-62.3%
▸ Trading Multiples
EV/Revenue	$0.58 – $19.08	$7.17	+203.6%

Valuation History

DCF Analysis

NN, Inc. (NNBR) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$0.89

Market Price

$2.26

Upside / Downside

-60.6%

Verdict

Overvalued

Using a Revenue DCF model with operating margin convergence from -4.3% to a target of 10.2% over 5 years, discounted at a WACC of 9.8%, NN, Inc. (NNBR) has an intrinsic value of $0.89 per share (range: $0.01 – $9.47).

Key Assumptions

Current Operating Margin

-4.3%

Target Operating Margin

10.2%

WACC

9.8%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

3.2%

Target CapEx/Rev

14.1%

D&A/Revenue

9.4%

Tax Rate

21.0%

Operating margin fades linearly from the current level to the industry target over the 5-year projection. CapEx intensity fades from the historical average to a maintenance level (D&A × 1.5). Tax is only applied when operating income is positive (NOL shield).

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	450	6.5%	-1.4%	-6	-6	42	(19)	22	-6	-6
2027	478	6.3%	1.5%	7	6	45	(26)	6	19	16
2028	499	4.5%	4.4%	22	17	47	(32)	5	27	22
2029	484	-3.0%	7.3%	35	28	45	(36)	-3	40	29
2030	470	-3.0%	10.2%	48	38	44	(40)	-3	45	29
2031	460	-2.0%	10.2%	47	37	43	(45)	-2	38	23
2032	455	-1.0%	10.2%	47	37	43	(49)	-1	31	17
2033	455	-0.0%	10.2%	47	37	43	(54)	-0	25	13
2034	460	1.0%	10.2%	47	37	43	(60)	1	20	9
2035	469	2.0%	10.2%	48	38	44	(66)	2	14	6

Enterprise Value Bridge

Sum of PV(FCFF)157

Terminal Value (Gordon Growth at 3.0%)211

PV of Terminal Value87

Enterprise Value244

(–) Net Debt200

Equity Value44

(÷) Shares Outstanding49

Fair Value per Share$0.89

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.2%	7.2%	10.2%	13.2%	16.2%
7.8%	$-3	$-1	$2	$6	$9
8.8%	$-3	$-1	$2	$4	$7
9.8%	$-3	$-2	$1	$3	$6
10.8%	$-3	$-2	$0	$3	$5
11.8%	$-3	$-2	$0	$2	$4

Current price: $2.26. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 22.0% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

NN, Inc. (NNBR) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$0.46

Market Price

$2.26

Upside / Downside

-79.6%

Verdict

Overvalued

Using a Revenue DCF model with operating margin convergence from -4.3% to a target of 10.2% over 5 years, discounted at a WACC of 9.8%, NN, Inc. (NNBR) has an intrinsic value of $0.46 per share (range: $0.46 – $10.56).

Key Assumptions

Current Operating Margin

-4.3%

Target Operating Margin

10.2%

WACC

9.8%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

3.2%

Target CapEx/Rev

14.1%

D&A/Revenue

9.4%

Tax Rate

21.0%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	450	6.5%	-1.4%	-6	-6	42	(24)	22	-11	-10
2027	478	6.3%	1.5%	7	6	45	(36)	6	8	7
2028	499	4.5%	4.4%	22	17	47	(48)	5	11	9
2029	484	-3.0%	7.3%	35	28	45	(58)	-3	19	14
2030	470	-3.0%	10.2%	48	38	44	(66)	-3	19	13

Enterprise Value Bridge

Sum of PV(FCFF)32

Terminal Value (Gordon Growth at 3.0%)290

PV of Terminal Value190

Enterprise Value223

(–) Net Debt200

Equity Value23

(÷) Shares Outstanding49

Fair Value per Share$0.46

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.2%	7.2%	10.2%	13.2%	16.2%
7.8%	$-4	$-1	$3	$7	$11
8.8%	$-4	$-2	$1	$5	$8
9.8%	$-4	$-2	$0	$3	$6
10.8%	$-4	$-3	$-0	$2	$5
11.8%	$-4	$-3	$-1	$1	$3

Current price: $2.26. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 22.0% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$7.17

Market Price

$2.26

Upside / Downside

+217.1%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), NN, Inc. (NNBR) has a fair value of $7.17 based on 9 comparable companies in the Conglomerates industry.

EV/Revenue Valuation — Conglomerates

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
NN, Inc.NNBR	112	0.7x	0.7x
Shimmick Corporation Common StockSHIM	191	0.4x	0.4x
DHI Group, Inc.DHX	127	1.3x	1.2x
Mammoth Energy Services, Inc.TUSK	120	0.5x	0.1x
Bridger Aerospace Group Holdings, Inc. Common StockBAER	119	2.7x	0.1x
CBAK Energy Technology, Inc.CBAT	72	0.5x	3.5x
Ocean Power Technologies, Inc.OPTT	69	11.0x	10.5x
RYTHM, Inc.RYM	65	6.6x	1.5x
Fuel Tech, Inc.FTEK	42	1.2x	1.0x
ESS Tech, Inc.GWH	14	2.4x	1.2x
Industry Median		1.3x	1.2x
(*) Revenue		422	466
= Enterprise Value		565	544
(-) Net Debt		200	200
Equity Value		365	344
(/) Outstanding shares		49	49
Fair Price		$7	$7

Selected Fair Value (avg of trailing + forward)

$7.17

+217.1%

Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.

Model

Range

Fair Value

Upside

▸ Discounted Cash Flow

Revenue DCF 5Y

$0.46 – $10.56

$0.46

-80.6%

Revenue DCF 10Y

$0.01 – $9.47

$0.89

-62.3%

▸ Trading Multiples

EV/Revenue

$0.58 – $19.08

$7.17

+203.6%

DCF Analysis

NN, Inc. (NNBR) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$0.89

Market Price

$2.26

Upside / Downside

-60.6%

Verdict

Overvalued

Key Assumptions

Current Operating Margin

-4.3%

Target Operating Margin

10.2%

WACC

9.8%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

3.2%

Target CapEx/Rev

14.1%

D&A/Revenue

9.4%

Tax Rate

21.0%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	450	6.5%	-1.4%	-6	-6	42	(19)	22	-6	-6
2027	478	6.3%	1.5%	7	6	45	(26)	6	19	16
2028	499	4.5%	4.4%	22	17	47	(32)	5	27	22
2029	484	-3.0%	7.3%	35	28	45	(36)	-3	40	29
2030	470	-3.0%	10.2%	48	38	44	(40)	-3	45	29
2031	460	-2.0%	10.2%	47	37	43	(45)	-2	38	23
2032	455	-1.0%	10.2%	47	37	43	(49)	-1	31	17
2033	455	-0.0%	10.2%	47	37	43	(54)	-0	25	13
2034	460	1.0%	10.2%	47	37	43	(60)	1	20	9
2035	469	2.0%	10.2%	48	38	44	(66)	2	14	6

Enterprise Value Bridge

Sum of PV(FCFF)157

Terminal Value (Gordon Growth at 3.0%)211

PV of Terminal Value87

Enterprise Value244

(–) Net Debt200

Equity Value44

(÷) Shares Outstanding49

Fair Value per Share$0.89

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.2%	7.2%	10.2%	13.2%	16.2%
7.8%	$-3	$-1	$2	$6	$9
8.8%	$-3	$-1	$2	$4	$7
9.8%	$-3	$-2	$1	$3	$6
10.8%	$-3	$-2	$0	$3	$5
11.8%	$-3	$-2	$0	$2	$4

Current price: $2.26. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 22.0% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$7.17

Market Price

$2.26

Upside / Downside

+217.1%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), NN, Inc. (NNBR) has a fair value of $7.17 based on 9 comparable companies in the Conglomerates industry.

EV/Revenue Valuation — Conglomerates

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
NN, Inc.NNBR	112	0.7x	0.7x
Shimmick Corporation Common StockSHIM	191	0.4x	0.4x
DHI Group, Inc.DHX	127	1.3x	1.2x
Mammoth Energy Services, Inc.TUSK	120	0.5x	0.1x
Bridger Aerospace Group Holdings, Inc. Common StockBAER	119	2.7x	0.1x
CBAK Energy Technology, Inc.CBAT	72	0.5x	3.5x
Ocean Power Technologies, Inc.OPTT	69	11.0x	10.5x
RYTHM, Inc.RYM	65	6.6x	1.5x
Fuel Tech, Inc.FTEK	42	1.2x	1.0x
ESS Tech, Inc.GWH	14	2.4x	1.2x
Industry Median		1.3x	1.2x
(*) Revenue		422	466
= Enterprise Value		565	544
(-) Net Debt		200	200
Equity Value		365	344
(/) Outstanding shares		49	49
Fair Price		$7	$7

Selected Fair Value (avg of trailing + forward)

$7.17

+217.1%