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NNN REIT (NNN REIT) Intrinsic Value: Projected FCF

: $45.59 (As of Today)
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Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-23), NNN REIT's Intrinsic Value: Projected FCF is $45.59. The stock price of NNN REIT is $40.91. Therefore, NNN REIT's Price-to-Intrinsic-Value-Projected-FCF of today is 0.9.

The historical rank and industry rank for NNN REIT's Intrinsic Value: Projected FCF or its related term are showing as below:

NNN' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.89   Med: 1.12   Max: 1.75
Current: 0.9

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of NNN REIT was 1.75. The lowest was 0.89. And the median was 1.12.

NNN's Price-to-Projected-FCF is ranked worse than
68.67% of 549 companies
in the REITs industry
Industry Median: 0.66 vs NNN: 0.90

NNN REIT Intrinsic Value: Projected FCF Historical Data

The historical data trend for NNN REIT's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NNN REIT Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 43.11 43.35 42.98 44.43 45.59

NNN REIT Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.43 44.87 44.90 45.70 45.59

Competitive Comparison

For the REIT - Retail subindustry, NNN REIT's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


NNN REIT Price-to-Projected-FCF Distribution

For the REITs industry and Real Estate sector, NNN REIT's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where NNN REIT's Price-to-Projected-FCF falls into.



NNN REIT Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get NNN REIT's Free Cash Flow(6 year avg) = $523.90.

NNN REIT's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*523.89792+4157.457*0.8)/182.377
=45.59

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


NNN REIT  (NYSE:NNN) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

NNN REIT's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=40.91/45.585013454518
=0.90

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


NNN REIT Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of NNN REIT's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


NNN REIT (NNN REIT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » NNN REIT Inc (NYSE:NNN) » Definitions » Intrinsic Value: Projected FCF
Traded in Other Exchanges
Address
450 South Orange Avenue, Suite 900, Orlando, FL, USA, 32801
NNN REIT Inc is a real estate investment trust that invests in and develops properties throughout the United States. The company generates revenue from leasing properties to tenants, including convenience stores, automotive services, fitness centers, theatres, restaurants, and banks. Rents from convenience stores and restaurants contribute the majority proportion of total revenue, followed by automotive services, entertainment venues, and others. maximum of the company's properties are located in the South and Southeast of the United States.
Executives
Christopher Paul Tessitore officer: Executive Officer 450 SOUTH ORANGE AVENUE, SUITE 900, ORLANDO FL 32801
Jonathan Adamo officer: EVP, Portfolio Operations 450 S. ORANGE AVE., SUITE 900, ORLANDO FL 32801
Michelle Lynn Miller officer: EVP & Chief Accounting Officer 450 S ORANGE AVE, STE 900, ORLANDO FL 32801-3339
Elizabeth Gulacsy director C/O SEAWORLD ENTERTAINMENT, INC., 9205 SOUTH PARK CENTER LOOP, SUITE 400, ORLANDO FL 32819
Kevin B Habicht director, officer: EVP & CFO CNL REALTY INC, 450 SOUTH ORANGE AVENUE, ORLANDO FL 32801
Kamau Omari Witherspoon director 450 S. ORANGE AVE., SUITE 900, ORLANDO FL 32801
Julian E Whitehurst officer: EVP & General Counsel
Horn Stephen A Jr officer: EVP & Chief Acquisitions Offic 450 S. ORANGE AVE., SUITE 900, ORLANDO FL 32801
Steven D Cosler director PRIORITY HEALTHCARE CORPORATION, 250 TECHNOLOGY PARK, LAKE MARY FL 32746-6232
David M Fick director 450 S. ORANGE AVE., SUITE 900, ORLANDO FL 32801
Paul Eugene Bayer officer: Executive Officer 450 SOUTH ORANGE AVENUE, SUITE 900, ORLANDO FL 32801
Betsy D Holden director DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Craig Macnab officer: Chief Executive Officer C/O JDN PEALTY CORP, 359 EAST PACES FERRY RD, ATLANTA GA 30305
Beall Pamela K.m. director C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840
Ted B Lanier director CNL REALTY INC, 450 SOUTH ORANGE AVENUE, ORLANDO FL 32801