NL INDUSTRIES (NL) Fundamental Analysis & Valuation

NYSE:NL • US6291564077

Current stock price

5.84 USD
-0.06 (-1.02%)
Last:

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

3

1. NL Profitability Analysis

1.1 Basic Checks

  • In the past year NL has reported negative net income.
  • In the past year NL has reported a negative cash flow from operations.
  • In multiple years NL reported negative net income over the last 5 years.
  • Of the past 5 years NL 4 years had a positive operating cash flow.
NL Yearly Net Income VS EBIT VS OCF VS FCFNL 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 50M 100M

1.2 Ratios

  • With a Return On Assets value of -8.15%, NL is not doing good in the industry: 70.00% of the companies in the same industry are doing better.
  • Looking at the Return On Equity, with a value of -10.54%, NL is doing worse than 60.00% of the companies in the same industry.
  • The Return On Invested Capital of NL (2.67%) is comparable to the rest of the industry.
  • NL had an Average Return On Invested Capital over the past 3 years of 3.02%. This is significantly below the industry average of 9.78%.
Industry RankSector Rank
ROA -8.15%
ROE -10.54%
ROIC 2.67%
ROA(3y)1.03%
ROA(5y)3.44%
ROE(3y)1.92%
ROE(5y)5.75%
ROIC(3y)3.02%
ROIC(5y)2.66%
NL Yearly ROA, ROE, ROICNL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30

1.3 Margins

  • NL has a better Operating Margin (9.02%) than 66.25% of its industry peers.
  • NL's Operating Margin has improved in the last couple of years.
  • NL has a Gross Margin (30.44%) which is in line with its industry peers.
  • In the last couple of years the Gross Margin of NL has remained more or less at the same level.
Industry RankSector Rank
OM 9.02%
PM (TTM) N/A
GM 30.44%
OM growth 3Y-0.05%
OM growth 5Y20.77%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.29%
GM growth 5Y1.22%
NL Yearly Profit, Operating, Gross MarginsNL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60 80 100

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6

2. NL Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NL is destroying value.
  • NL has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, NL has about the same amount of shares outstanding.
  • The debt/assets ratio for NL is higher compared to a year ago.
NL Yearly Shares OutstandingNL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M
NL Yearly Total Debt VS Total AssetsNL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

2.2 Solvency

  • An Altman-Z score of 3.19 indicates that NL is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 3.19, NL is in the better half of the industry, outperforming 71.25% of the companies in the same industry.
  • A Debt/Equity ratio of 0.00 indicates that NL is not too dependend on debt financing.
  • NL has a better Debt to Equity ratio (0.00) than 86.25% of its industry peers.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 3.19
ROIC/WACC0.28
WACC9.47%
NL Yearly LT Debt VS Equity VS FCFNL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M 300M

2.3 Liquidity

  • A Current Ratio of 7.77 indicates that NL has no problem at all paying its short term obligations.
  • The Current ratio of NL (7.77) is better than 95.00% of its industry peers.
  • A Quick Ratio of 6.29 indicates that NL has no problem at all paying its short term obligations.
  • NL's Quick ratio of 6.29 is amongst the best of the industry. NL outperforms 93.75% of its industry peers.
Industry RankSector Rank
Current Ratio 7.77
Quick Ratio 6.29
NL Yearly Current Assets VS Current LiabilitesNL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M

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1

3. NL Growth Analysis

3.1 Past

  • The earnings per share for NL have decreased strongly by -156.24% in the last year.
  • Looking at the last year, NL shows a quite strong growth in Revenue. The Revenue has grown by 8.46% in the last year.
  • Measured over the past years, NL shows a small growth in Revenue. The Revenue has been growing by 6.69% on average per year.
EPS 1Y (TTM)-156.24%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-285.29%
Revenue 1Y (TTM)8.46%
Revenue growth 3Y-1.69%
Revenue growth 5Y6.69%
Sales Q2Q%-1.86%

3.2 Future

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y248.06%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.44%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
NL Yearly Revenue VS EstimatesNL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M
NL Yearly EPS VS EstimatesNL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2020 2021 2022 2023 2024 2025 2026 0 0.5 -0.5 1 1.5

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4

4. NL Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for NL. In the last year negative earnings were reported.
  • With a Price/Forward Earnings ratio of 6.16, the valuation of NL can be described as very cheap.
  • NL's Price/Forward Earnings ratio is rather cheap when compared to the industry. NL is cheaper than 96.25% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 37.96. NL is valued rather cheaply when compared to this.
Industry RankSector Rank
PE N/A
Fwd PE 6.16
NL Price Earnings VS Forward Price EarningsNL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, NL is valued a bit cheaper than 70.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.94
NL Per share dataNL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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7

5. NL Dividend Analysis

5.1 Amount

  • NL has a Yearly Dividend Yield of 6.77%, which is a nice return.
  • NL's Dividend Yield is rather good when compared to the industry average which is at 0.85. NL pays more dividend than 98.75% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, NL pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.77%

5.2 History

  • On average, the dividend of NL grows each year by 28.96%, which is quite nice.
  • NL has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)28.96%
Div Incr Years0
Div Non Decr Years0
NL Yearly Dividends per shareNL Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • The earnings of NL are negative and hence is the payout ratio. NL will probably not be able to sustain this dividend level.
  • NL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-73.63%
EPS Next 2YN/A
EPS Next 3YN/A
NL Yearly Income VS Free CF VS DividendNL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M 100M

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NL Fundamentals: All Metrics, Ratios and Statistics

NL INDUSTRIES

NYSE:NL (4/14/2026, 1:14:24 PM)

5.84

-0.06 (-1.02%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)03-09
Earnings (Next)05-06
Inst Owners12.04%
Inst Owner Change0%
Ins Owners0.34%
Ins Owner Change0%
Market Cap285.34M
Revenue(TTM)158.28M
Net Income(TTM)-37.83M
Analysts37.78
Price TargetN/A
Short Float %2.05%
Short Ratio3.3
Dividend
Industry RankSector Rank
Dividend Yield 6.77%
Yearly Dividend0.57
Dividend Growth(5Y)28.96%
DP-73.63%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-10
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-262.27%
Min EPS beat(2)-357%
Max EPS beat(2)-167.54%
EPS beat(4)0
Avg EPS beat(4)-163.28%
Min EPS beat(4)-357%
Max EPS beat(4)-33.7%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 6.16
P/S 1.8
P/FCF N/A
P/OCF N/A
P/B 0.8
P/tB 0.86
EV/EBITDA 9.94
EPS(TTM)-0.64
EYN/A
EPS(NY)0.95
Fwd EY16.23%
FCF(TTM)-0.82
FCFYN/A
OCF(TTM)-0.75
OCFYN/A
SpS3.24
BVpS7.34
TBVpS6.79
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -8.15%
ROE -10.54%
ROCE 3.22%
ROIC 2.67%
ROICexc 3.56%
ROICexgc 3.88%
OM 9.02%
PM (TTM) N/A
GM 30.44%
FCFM N/A
ROA(3y)1.03%
ROA(5y)3.44%
ROE(3y)1.92%
ROE(5y)5.75%
ROIC(3y)3.02%
ROIC(5y)2.66%
ROICexc(3y)4.3%
ROICexc(5y)3.71%
ROICexgc(3y)4.67%
ROICexgc(5y)4.01%
ROCE(3y)3.63%
ROCE(5y)3.2%
ROICexgc growth 3Y8.48%
ROICexgc growth 5Y32.86%
ROICexc growth 3Y7.72%
ROICexc growth 5Y32.56%
OM growth 3Y-0.05%
OM growth 5Y20.77%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.29%
GM growth 5Y1.22%
F-Score4
Asset Turnover0.34
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA 0.03
Cap/Depr 102.6%
Cap/Sales 2.37%
Interest Coverage 26.88
Cash Conversion N/A
Profit Quality N/A
Current Ratio 7.77
Quick Ratio 6.29
Altman-Z 3.19
F-Score4
WACC9.47%
ROIC/WACC0.28
Cap/Depr(3y)56.61%
Cap/Depr(5y)74.05%
Cap/Sales(3y)1.35%
Cap/Sales(5y)1.84%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-156.24%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-285.29%
EPS Next Y248.06%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)8.46%
Revenue growth 3Y-1.69%
Revenue growth 5Y6.69%
Sales Q2Q%-1.86%
Revenue Next Year2.44%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-25.74%
EBIT growth 3Y-1.74%
EBIT growth 5Y28.86%
EBIT Next Year44.44%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-266.31%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-242.34%
OCF growth 3YN/A
OCF growth 5YN/A

NL INDUSTRIES / NL Fundamental Analysis FAQ

What is the fundamental rating for NL stock?

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


What is the valuation status of NL INDUSTRIES (NL) stock?

ChartMill assigns a valuation rating of 4 / 10 to NL INDUSTRIES (NL). This can be considered as Fairly Valued.


Can you provide the profitability details for NL INDUSTRIES?

NL INDUSTRIES (NL) has a profitability rating of 3 / 10.


Can you provide the financial health for NL stock?

The financial health rating of NL INDUSTRIES (NL) is 6 / 10.


Can you provide the dividend sustainability for NL stock?

The dividend rating of NL INDUSTRIES (NL) is 7 / 10 and the dividend payout ratio is -73.63%.