Northern Technologies International Corporation (NTIC) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+34.9%

$10.10

vs $7.49 price

Levered DCF

-$8.32

After debt service

Piotroski score

0 / 9

Weak

Altman Z-score

3.27

Safe zone

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	3,894.74×	23.89×	41.61×	17.07×	24.16×	-83.1×	19.21×	24.59×
P/B	0.97×	1.81×	1.82×	1.71×	2.44×	1.33×	1.76×	3.11×
P/S	0.83×	1.52×	1.51×	1.46×	2.69×	1.59×	1.78×	3.21×
EV / EBITDA	14.11×	13.53×	15.9×	10.24×	15.1×	24.73×	12.04×	17.46×
Gross margin	37.6%	39.7%	34.8%	31.1%	34.6%	33.6%	31.9%	33.6%
Operating margin	-7.1%	-1.9%	-7.0%	-7.2%	14.7%	3.3%	11.8%	15.6%
Net margin	0.0%	6.4%	3.6%	8.5%	11.1%	-2.8%	9.3%	13.0%
Current ratio	1.86×	2.32×	2.37×	2.36×	3.96×	5.45×	4.25×	3.95×
Debt / equity	0.18×	0.11×	0.1×	0.1×	0.01×	0.01×	0×	0×
Interest coverage	-9.96×	-4.72×	-12.17×	-60×	517.4×	99.05×	485.94×	446.36×
Dividend yield	2.2%	2.0%	2.2%	2.4%	1.2%	1.6%	2.2%	1.1%
Payout ratio	8600.7%	48.8%	90.1%	40.8%	28.4%	-88.4%	41.9%	27.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	0.0%	7.6%	4.4%	9.9%	10.1%	-2.4%	9.2%	12.6%
Return on invested capital	-2.1%	-1.6%	-5.4%	-5.6%	10.4%	-1.4%	9.7%	12.8%
Return on assets	0.0%	5.7%	3.3%	7.3%	8.4%	-2.0%	7.7%	10.5%
Free cash flow yield	-2.1%	1.9%	1.8%	-0.5%	-1.8%	5.4%	4.4%	-0.1%
Earnings yield	0.0%	4.2%	2.4%	5.8%	4.1%	-1.8%	5.2%	4.1%
Enterprise value	$76M	$131.8M	$122.1M	$109.7M	$144.7M	$69.9M	$93.6M	$161.1M
Net debt / EBITDA	1.09×	0.27×	0.18×	0.1×	-0.76×	-2.03×	-0.75×	-0.45×
Cash conversion cycle (days)	138	146	137	143	156	162	138	143