NNN REIT INC (NNN) Fundamental Analysis & Valuation

NYSE:NNN • US6374171063

Current stock price

44.4 USD
-0.67 (-1.49%)
At close:
44.4 USD
0 (0%)
After Hours:

This NNN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. NNN Profitability Analysis

1.1 Basic Checks

  • NNN had positive earnings in the past year.
  • NNN had a positive operating cash flow in the past year.
  • In the past 5 years NNN has always been profitable.
  • Each year in the past 5 years NNN had a positive operating cash flow.
NNN Yearly Net Income VS EBIT VS OCF VS FCFNNN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M -400M 600M

1.2 Ratios

  • With an excellent Return On Assets value of 4.15%, NNN belongs to the best of the industry, outperforming 83.74% of the companies in the same industry.
  • With an excellent Return On Equity value of 8.83%, NNN belongs to the best of the industry, outperforming 81.30% of the companies in the same industry.
  • NNN's Return On Invested Capital of 4.85% is amongst the best of the industry. NNN outperforms 91.06% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for NNN is in line with the industry average of 3.11%.
  • The last Return On Invested Capital (4.85%) for NNN is above the 3 year average (4.81%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.15%
ROE 8.83%
ROIC 4.85%
ROA(3y)4.38%
ROA(5y)4.13%
ROE(3y)9.11%
ROE(5y)8.44%
ROIC(3y)4.81%
ROIC(5y)4.74%
NNN Yearly ROA, ROE, ROICNNN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8

1.3 Margins

  • Looking at the Profit Margin, with a value of 42.00%, NNN belongs to the top of the industry, outperforming 93.50% of the companies in the same industry.
  • NNN's Profit Margin has improved in the last couple of years.
  • NNN's Operating Margin of 61.92% is amongst the best of the industry. NNN outperforms 97.56% of its industry peers.
  • In the last couple of years the Operating Margin of NNN has remained more or less at the same level.
  • NNN's Gross Margin of 95.96% is amongst the best of the industry. NNN outperforms 95.94% of its industry peers.
  • In the last couple of years the Gross Margin of NNN has remained more or less at the same level.
Industry RankSector Rank
OM 61.92%
PM (TTM) 42%
GM 95.96%
OM growth 3Y-0.18%
OM growth 5Y0.58%
PM growth 3Y-0.94%
PM growth 5Y5.71%
GM growth 3Y-0.22%
GM growth 5Y0.05%
NNN Yearly Profit, Operating, Gross MarginsNNN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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1

2. NNN Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NNN is destroying value.
  • Compared to 1 year ago, NNN has more shares outstanding
  • The number of shares outstanding for NNN has been increased compared to 5 years ago.
  • Compared to 1 year ago, NNN has a worse debt to assets ratio.
NNN Yearly Shares OutstandingNNN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
NNN Yearly Total Debt VS Total AssetsNNN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • Based on the Altman-Z score of 1.18, we must say that NNN is in the distress zone and has some risk of bankruptcy.
  • NNN has a Altman-Z score of 1.18. This is amongst the best in the industry. NNN outperforms 81.30% of its industry peers.
  • A Debt/Equity ratio of 1.09 is on the high side and indicates that NNN has dependencies on debt financing.
  • With a Debt to Equity ratio value of 1.09, NNN perfoms like the industry average, outperforming 55.28% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.09
Debt/FCF N/A
Altman-Z 1.18
ROIC/WACC0.71
WACC6.84%
NNN Yearly LT Debt VS Equity VS FCFNNN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 0.21 indicates that NNN may have some problems paying its short term obligations.
  • NNN has a worse Current ratio (0.21) than 90.24% of its industry peers.
  • A Quick Ratio of 0.21 indicates that NNN may have some problems paying its short term obligations.
  • NNN has a Quick ratio of 0.21. This is amonst the worse of the industry: NNN underperforms 86.99% of its industry peers.
Industry RankSector Rank
Current Ratio 0.21
Quick Ratio 0.21
NNN Yearly Current Assets VS Current LiabilitesNNN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. NNN Growth Analysis

3.1 Past

  • The earnings per share for NNN have decreased by -3.72% in the last year.
  • Measured over the past years, NNN shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.25% on average per year.
  • The Revenue for NNN has decreased by -14.61% in the past year. This is quite bad
  • The Revenue has been growing slightly by 6.99% on average over the past years.
EPS 1Y (TTM)-3.72%
EPS 3Y3.26%
EPS 5Y9.25%
EPS Q2Q%-1.92%
Revenue 1Y (TTM)-14.61%
Revenue growth 3Y6.21%
Revenue growth 5Y6.99%
Sales Q2Q%9.12%

3.2 Future

  • Based on estimates for the next years, NNN will show a small growth in Earnings Per Share. The EPS will grow by 2.08% on average per year.
  • The Revenue is expected to grow by 4.67% on average over the next years.
EPS Next Y0.35%
EPS Next 2Y2.1%
EPS Next 3Y2.08%
EPS Next 5YN/A
Revenue Next Year6.17%
Revenue Next 2Y5.69%
Revenue Next 3Y5.18%
Revenue Next 5Y4.67%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
NNN Yearly Revenue VS EstimatesNNN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 200M 400M 600M 800M 1B
NNN Yearly EPS VS EstimatesNNN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.5 1 1.5 2

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3

4. NNN Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 21.45, which indicates a rather expensive current valuation of NNN.
  • NNN's Price/Earnings ratio is rather cheap when compared to the industry. NNN is cheaper than 81.30% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 25.79, NNN is valued at the same level.
  • NNN is valuated rather expensively with a Price/Forward Earnings ratio of 21.37.
  • Based on the Price/Forward Earnings ratio, NNN is valued cheaply inside the industry as 91.87% of the companies are valued more expensively.
  • NNN is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.80, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 21.45
Fwd PE 21.37
NNN Price Earnings VS Forward Price EarningsNNN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • NNN's Enterprise Value to EBITDA is on the same level as the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 15.74
NNN Per share dataNNN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates NNN does not grow enough to justify the current Price/Earnings ratio.
  • The excellent profitability rating of NNN may justify a higher PE ratio.
PEG (NY)61.35
PEG (5Y)2.32
EPS Next 2Y2.1%
EPS Next 3Y2.08%

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7

5. NNN Dividend Analysis

5.1 Amount

  • NNN has a Yearly Dividend Yield of 5.34%, which is a nice return.
  • NNN's Dividend Yield is comparable with the industry average which is at 7.30.
  • Compared to an average S&P500 Dividend Yield of 1.91, NNN pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.34%

5.2 History

  • The dividend of NNN has a limited annual growth rate of 1.70%.
  • NNN has been paying a dividend for at least 10 years, so it has a reliable track record.
  • NNN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)1.7%
Div Incr Years33
Div Non Decr Years33
NNN Yearly Dividends per shareNNN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • 113.92% of the earnings are spent on dividend by NNN. This is not a sustainable payout ratio.
  • NNN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP113.92%
EPS Next 2Y2.1%
EPS Next 3Y2.08%
NNN Yearly Income VS Free CF VS DividendNNN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M -400M
NNN Dividend Payout.NNN Dividend Payout, showing the Payout Ratio.NNN Dividend Payout.PayoutRetained Earnings

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NNN Fundamentals: All Metrics, Ratios and Statistics

NNN REIT INC

NYSE:NNN (3/18/2026, 8:27:30 PM)

After market: 44.4 0 (0%)

44.4

-0.67 (-1.49%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-11
Earnings (Next)04-29
Inst Owners94.28%
Inst Owner Change0.96%
Ins Owners0.85%
Ins Owner Change7.72%
Market Cap8.43B
Revenue(TTM)926.21M
Net Income(TTM)389.04M
Analysts65.45
Price Target46.08 (3.78%)
Short Float %3.96%
Short Ratio4.97
Dividend
Industry RankSector Rank
Dividend Yield 5.34%
Yearly Dividend2.35
Dividend Growth(5Y)1.7%
DP113.92%
Div Incr Years33
Div Non Decr Years33
Ex-Date01-30
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.48%
Min EPS beat(2)3.4%
Max EPS beat(2)5.57%
EPS beat(4)4
Avg EPS beat(4)6.1%
Min EPS beat(4)3.4%
Max EPS beat(4)9.95%
EPS beat(8)8
Avg EPS beat(8)7.53%
EPS beat(12)12
Avg EPS beat(12)9.22%
EPS beat(16)15
Avg EPS beat(16)7.49%
Revenue beat(2)2
Avg Revenue beat(2)1.2%
Min Revenue beat(2)0.44%
Max Revenue beat(2)1.96%
Revenue beat(4)4
Avg Revenue beat(4)1.8%
Min Revenue beat(4)0.44%
Max Revenue beat(4)4.22%
Revenue beat(8)7
Avg Revenue beat(8)1.12%
Revenue beat(12)9
Avg Revenue beat(12)1.02%
Revenue beat(16)11
Avg Revenue beat(16)0.84%
PT rev (1m)1.91%
PT rev (3m)1.73%
EPS NQ rev (1m)3.73%
EPS NQ rev (3m)3.38%
EPS NY rev (1m)1.9%
EPS NY rev (3m)1.74%
Revenue NQ rev (1m)0.94%
Revenue NQ rev (3m)1.28%
Revenue NY rev (1m)1.22%
Revenue NY rev (3m)1.7%
Valuation
Industry RankSector Rank
PE 21.45
Fwd PE 21.37
P/S 9.11
P/FCF N/A
P/OCF 12.64
P/B 1.91
P/tB 1.93
EV/EBITDA 15.74
EPS(TTM)2.07
EY4.66%
EPS(NY)2.08
Fwd EY4.68%
FCF(TTM)-1.42
FCFYN/A
OCF(TTM)3.51
OCFY7.91%
SpS4.88
BVpS23.21
TBVpS23.01
PEG (NY)61.35
PEG (5Y)2.32
Graham Number32.88
Profitability
Industry RankSector Rank
ROA 4.15%
ROE 8.83%
ROCE 6.14%
ROIC 4.85%
ROICexc 4.85%
ROICexgc 4.92%
OM 61.92%
PM (TTM) 42%
GM 95.96%
FCFM N/A
ROA(3y)4.38%
ROA(5y)4.13%
ROE(3y)9.11%
ROE(5y)8.44%
ROIC(3y)4.81%
ROIC(5y)4.74%
ROICexc(3y)4.82%
ROICexc(5y)4.76%
ROICexgc(3y)4.88%
ROICexgc(5y)4.83%
ROCE(3y)6.09%
ROCE(5y)6%
ROICexgc growth 3Y1.19%
ROICexgc growth 5Y2.44%
ROICexc growth 3Y1.2%
ROICexc growth 5Y2.57%
OM growth 3Y-0.18%
OM growth 5Y0.58%
PM growth 3Y-0.94%
PM growth 5Y5.71%
GM growth 3Y-0.22%
GM growth 5Y0.05%
F-Score3
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 1.09
Debt/FCF N/A
Debt/EBITDA 5.73
Cap/Depr 349.08%
Cap/Sales 101.17%
Interest Coverage 3.12
Cash Conversion 79.24%
Profit Quality N/A
Current Ratio 0.21
Quick Ratio 0.21
Altman-Z 1.18
F-Score3
WACC6.84%
ROIC/WACC0.71
Cap/Depr(3y)304.01%
Cap/Depr(5y)311.66%
Cap/Sales(3y)87.72%
Cap/Sales(5y)89.67%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-3.72%
EPS 3Y3.26%
EPS 5Y9.25%
EPS Q2Q%-1.92%
EPS Next Y0.35%
EPS Next 2Y2.1%
EPS Next 3Y2.08%
EPS Next 5YN/A
Revenue 1Y (TTM)-14.61%
Revenue growth 3Y6.21%
Revenue growth 5Y6.99%
Sales Q2Q%9.12%
Revenue Next Year6.17%
Revenue Next 2Y5.69%
Revenue Next 3Y5.18%
Revenue Next 5Y4.67%
EBIT growth 1Y-15.42%
EBIT growth 3Y6.01%
EBIT growth 5Y7.61%
EBIT Next Year52.5%
EBIT Next 3Y19.02%
EBIT Next 5YN/A
FCF growth 1Y-531.02%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y4.98%
OCF growth 3Y4.87%
OCF growth 5Y8.18%

NNN REIT INC / NNN Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for NNN REIT INC?

ChartMill assigns a fundamental rating of 4 / 10 to NNN.


What is the valuation status of NNN REIT INC (NNN) stock?

ChartMill assigns a valuation rating of 3 / 10 to NNN REIT INC (NNN). This can be considered as Overvalued.


What is the profitability of NNN stock?

NNN REIT INC (NNN) has a profitability rating of 9 / 10.


Can you provide the financial health for NNN stock?

The financial health rating of NNN REIT INC (NNN) is 1 / 10.


Can you provide the expected EPS growth for NNN stock?

The Earnings per Share (EPS) of NNN REIT INC (NNN) is expected to grow by 0.35% in the next year.