In the first quarter, NN Inc. (NNBR) reported substantial progress with $16.4 million in new business wins. The company is confident in reaching its 2025 target of $65 million in new awards, supported by approximately $98 million in contracts that are anticipated to contribute to revenue from 2025 onwards.
These recent wins span the company's strategic focus areas, including non-automotive industrial products, electrical and power products, medical devices, and automotive components. NN Inc. is capitalizing on its existing $340 million asset base while strategically expanding capacity in certain growth segments.
Since the first quarter of 2023, NN Inc. has secured over $150 million in new contracts, putting them ahead of their five-year growth plan and reinforcing their long-term sales objectives. The company continues to build a robust pipeline estimated at over $340 million, concentrated in electrical, medical, and industrial sectors, representing about half of their overall pipeline potential.
Financially, NN Inc. is experiencing an uplift in its adjusted EBITDA, outperforming its five-year forecast due to cost-reduction strategies and new business acquisitions. In light of these developments, the company has raised its five-year adjusted EBITDA target range to 13-14%, up from the previous 12-13%. Additionally, NN Inc.'s embedded footprint strategy in the United States minimizes direct tariff impacts, further supporting its financial health.
Ultimately, NN Inc. is maintaining its prior adjusted EBITDA guidance for 2025, highlighting its confidence in achieving sustained growth and profitability.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for NextNav Inc (NN, Financial) is $13.00 with a high estimate of $20.00 and a low estimate of $6.00. The average target implies an upside of 10.03% from the current price of $11.82. More detailed estimate data can be found on the NextNav Inc (NN) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, NextNav Inc's (NN, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for NextNav Inc (NN, Financial) in one year is $9.00, suggesting a downside of 23.83% from the current price of $11.815. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the NextNav Inc (NN) Summary page.
