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NORTHERN TECHNOLOGIES INTL (NTIC) Stock Fundamental Analysis

NASDAQ:NTIC - US6658091094 - Common Stock

7.4 USD
+0.03 (+0.34%)
Last: 8/29/2025, 8:00:01 PM
Fundamental Rating

4

Taking everything into account, NTIC scores 4 out of 10 in our fundamental rating. NTIC was compared to 83 industry peers in the Chemicals industry. NTIC has only an average score on both its financial health and profitability. NTIC has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

NTIC had positive earnings in the past year.
In the past year NTIC had a positive cash flow from operations.
NTIC had positive earnings in 4 of the past 5 years.
In the past 5 years NTIC always reported a positive cash flow from operatings.
NTIC Yearly Net Income VS EBIT VS OCF VS FCFNTIC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2M -2M 4M 6M

1.2 Ratios

NTIC's Return On Assets of 2.97% is fine compared to the rest of the industry. NTIC outperforms 65.06% of its industry peers.
NTIC has a Return On Equity of 4.08%. This is comparable to the rest of the industry: NTIC outperforms 59.04% of its industry peers.
With a Return On Invested Capital value of 1.02%, NTIC is not doing good in the industry: 75.90% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA 2.97%
ROE 4.08%
ROIC 1.02%
ROA(3y)5.43%
ROA(5y)4.54%
ROE(3y)7.31%
ROE(5y)5.92%
ROIC(3y)N/A
ROIC(5y)N/A
NTIC Yearly ROA, ROE, ROICNTIC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10

1.3 Margins

NTIC has a better Profit Margin (3.46%) than 62.65% of its industry peers.
NTIC's Profit Margin has declined in the last couple of years.
NTIC's Operating Margin of 1.33% is on the low side compared to the rest of the industry. NTIC is outperformed by 78.31% of its industry peers.
In the last couple of years the Operating Margin of NTIC has grown nicely.
The Gross Margin of NTIC (39.21%) is better than 80.72% of its industry peers.
In the last couple of years the Gross Margin of NTIC has grown nicely.
Industry RankSector Rank
OM 1.33%
PM (TTM) 3.46%
GM 39.21%
OM growth 3Y41.75%
OM growth 5YN/A
PM growth 3Y-16.99%
PM growth 5Y-7.41%
GM growth 3Y4.66%
GM growth 5Y4.49%
NTIC Yearly Profit, Operating, Gross MarginsNTIC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30

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5

2. Health

2.1 Basic Checks

NTIC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, NTIC has more shares outstanding
NTIC has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, NTIC has a worse debt to assets ratio.
NTIC Yearly Shares OutstandingNTIC Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M
NTIC Yearly Total Debt VS Total AssetsNTIC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

2.2 Solvency

An Altman-Z score of 3.47 indicates that NTIC is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.47, NTIC belongs to the top of the industry, outperforming 81.93% of the companies in the same industry.
NTIC has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
NTIC's Debt to Equity ratio of 0.14 is amongst the best of the industry. NTIC outperforms 86.75% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF N/A
Altman-Z 3.47
ROIC/WACC0.11
WACC8.86%
NTIC Yearly LT Debt VS Equity VS FCFNTIC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M

2.3 Liquidity

NTIC has a Current Ratio of 2.03. This indicates that NTIC is financially healthy and has no problem in meeting its short term obligations.
NTIC has a Current ratio (2.03) which is in line with its industry peers.
NTIC has a Quick Ratio of 1.32. This is a normal value and indicates that NTIC is financially healthy and should not expect problems in meeting its short term obligations.
NTIC has a Quick ratio (1.32) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 2.03
Quick Ratio 1.32
NTIC Yearly Current Assets VS Current LiabilitesNTIC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M

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3

3. Growth

3.1 Past

NTIC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -38.10%.
Measured over the past 5 years, NTIC shows a small growth in Earnings Per Share. The EPS has been growing by 0.00% on average per year.
NTIC shows a small growth in Revenue. In the last year, the Revenue has grown by 3.46%.
The Revenue has been growing by 8.82% on average over the past years. This is quite good.
EPS 1Y (TTM)-38.1%
EPS 3Y-2.68%
EPS 5Y0%
EPS Q2Q%-81.82%
Revenue 1Y (TTM)3.46%
Revenue growth 3Y14.62%
Revenue growth 5Y8.82%
Sales Q2Q%3.98%

3.2 Future

Based on estimates for the next years, NTIC will show a very negative growth in Earnings Per Share. The EPS will decrease by -30.43% on average per year.
The Revenue is expected to grow by 2.87% on average over the next years.
EPS Next Y-75.8%
EPS Next 2Y-30.43%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0.12%
Revenue Next 2Y2.87%
Revenue Next 3YN/A
Revenue Next 5YN/A

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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
NTIC Yearly Revenue VS EstimatesNTIC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 20M 40M 60M 80M
NTIC Yearly EPS VS EstimatesNTIC Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 0 0.2 0.4 0.6

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1

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 28.46, the valuation of NTIC can be described as expensive.
NTIC's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 27.13. NTIC is around the same levels.
With a Price/Forward Earnings ratio of 25.91, NTIC can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NTIC is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.76, NTIC is valued at the same level.
Industry RankSector Rank
PE 28.46
Fwd PE 25.91
NTIC Price Earnings VS Forward Price EarningsNTIC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, NTIC is valued a bit more expensive than 72.29% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 22.33
NTIC Per share dataNTIC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

4.3 Compensation for Growth

A cheap valuation may be justified as NTIC's earnings are expected to decrease with -30.43% in the coming years.
PEG (NY)N/A
PEG (5Y)7827.49
EPS Next 2Y-30.43%
EPS Next 3YN/A

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3

5. Dividend

5.1 Amount

NTIC has a yearly dividend return of 0.54%, which is pretty low.
NTIC's Dividend Yield is slightly below the industry average, which is at 3.44.
Compared to an average S&P500 Dividend Yield of 2.32, NTIC's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.54%

5.2 History

The dividend of NTIC has a limited annual growth rate of 3.12%.
NTIC has paid a dividend for at least 10 years, which is a reliable track record.
NTIC has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)3.12%
Div Incr Years0
Div Non Decr Years4
NTIC Yearly Dividends per shareNTIC Yearly Dividends per shareYearly Dividends per share 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.05 0.1 0.15 0.2 0.25

5.3 Sustainability

NTIC pays out 70.51% of its income as dividend. This is not a sustainable payout ratio.
NTIC's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP70.51%
EPS Next 2Y-30.43%
EPS Next 3YN/A
NTIC Yearly Income VS Free CF VS DividendNTIC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2M -2M 4M 6M
NTIC Dividend Payout.NTIC Dividend Payout, showing the Payout Ratio.NTIC Dividend Payout.PayoutRetained Earnings

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NORTHERN TECHNOLOGIES INTL

NASDAQ:NTIC (8/29/2025, 8:00:01 PM)

7.4

+0.03 (+0.34%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)07-10 2025-07-10/bmo
Earnings (Next)11-17 2025-11-17/bmo
Inst Owners40.74%
Inst Owner Change16.2%
Ins Owners4.76%
Ins Owner Change0.57%
Market Cap70.08M
Analysts82.86
Price Target13.26 (79.19%)
Short Float %0.58%
Short Ratio0.88
Dividend
Industry RankSector Rank
Dividend Yield 0.54%
Yearly Dividend0.28
Dividend Growth(5Y)3.12%
DP70.51%
Div Incr Years0
Div Non Decr Years4
Ex-Date07-30 2025-07-30 (0.01)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-100%
Min EPS beat(2)-149.02%
Max EPS beat(2)-50.98%
EPS beat(4)1
Avg EPS beat(4)-59.9%
Min EPS beat(4)-149.02%
Max EPS beat(4)3.2%
EPS beat(8)2
Avg EPS beat(8)-52.51%
EPS beat(12)2
Avg EPS beat(12)-47.01%
EPS beat(16)2
Avg EPS beat(16)-43.58%
Revenue beat(2)1
Avg Revenue beat(2)-2.78%
Min Revenue beat(2)-7.44%
Max Revenue beat(2)1.87%
Revenue beat(4)2
Avg Revenue beat(4)-1.05%
Min Revenue beat(4)-7.44%
Max Revenue beat(4)1.87%
Revenue beat(8)2
Avg Revenue beat(8)-3.82%
Revenue beat(12)4
Avg Revenue beat(12)-3.4%
Revenue beat(16)5
Avg Revenue beat(16)-3%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-68%
EPS NY rev (1m)-30%
EPS NY rev (3m)-30%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-12.16%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.94%
Valuation
Industry RankSector Rank
PE 28.46
Fwd PE 25.91
P/S 0.82
P/FCF N/A
P/OCF 33.25
P/B 0.97
P/tB 1.19
EV/EBITDA 22.33
EPS(TTM)0.26
EY3.51%
EPS(NY)0.29
Fwd EY3.86%
FCF(TTM)-0.22
FCFYN/A
OCF(TTM)0.22
OCFY3.01%
SpS9
BVpS7.64
TBVpS6.24
PEG (NY)N/A
PEG (5Y)7827.49
Profitability
Industry RankSector Rank
ROA 2.97%
ROE 4.08%
ROCE 1.45%
ROIC 1.02%
ROICexc 1.1%
ROICexgc 1.31%
OM 1.33%
PM (TTM) 3.46%
GM 39.21%
FCFM N/A
ROA(3y)5.43%
ROA(5y)4.54%
ROE(3y)7.31%
ROE(5y)5.92%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y53.24%
ROICexcg growth 5YN/A
ROICexc growth 3Y46.75%
ROICexc growth 5YN/A
OM growth 3Y41.75%
OM growth 5YN/A
PM growth 3Y-16.99%
PM growth 5Y-7.41%
GM growth 3Y4.66%
GM growth 5Y4.49%
F-Score4
Asset Turnover0.86
Health
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF N/A
Debt/EBITDA 3.58
Cap/Depr 247.99%
Cap/Sales 4.94%
Interest Coverage 2.21
Cash Conversion 74.34%
Profit Quality N/A
Current Ratio 2.03
Quick Ratio 1.32
Altman-Z 3.47
F-Score4
WACC8.86%
ROIC/WACC0.11
Cap/Depr(3y)169.8%
Cap/Depr(5y)218.64%
Cap/Sales(3y)3.51%
Cap/Sales(5y)4.44%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-38.1%
EPS 3Y-2.68%
EPS 5Y0%
EPS Q2Q%-81.82%
EPS Next Y-75.8%
EPS Next 2Y-30.43%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.46%
Revenue growth 3Y14.62%
Revenue growth 5Y8.82%
Sales Q2Q%3.98%
Revenue Next Year0.12%
Revenue Next 2Y2.87%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y569.3%
EBIT growth 3Y62.47%
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-440.36%
FCF growth 3YN/A
FCF growth 5Y-10.98%
OCF growth 1Y-26.81%
OCF growth 3Y26.74%
OCF growth 5Y1.43%