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Northern Technologies (NTIC)



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Upturn Advisory Summary
04/01/2025: NTIC (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 20.54% | Avg. Invested days 60 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 98.78M USD | Price to earnings Ratio 20.06 | 1Y Target Price 20 |
Price to earnings Ratio 20.06 | 1Y Target Price 20 | ||
Volume (30-day avg) 17865 | Beta 0.53 | 52 Weeks Range 10.40 - 19.31 | Updated Date 04/1/2025 |
52 Weeks Range 10.40 - 19.31 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 2.69% | Basic EPS (TTM) 0.52 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-04-09 | When Before Market | Estimate - | Actual - |
Profitability
Profit Margin 5.89% | Operating Margin (TTM) -0.11% |
Management Effectiveness
Return on Assets (TTM) 2.29% | Return on Equity (TTM) 8.3% |
Valuation
Trailing PE 20.06 | Forward PE - | Enterprise Value 100622798 | Price to Sales(TTM) 1.15 |
Enterprise Value 100622798 | Price to Sales(TTM) 1.15 | ||
Enterprise Value to Revenue 1.17 | Enterprise Value to EBITDA 10.69 | Shares Outstanding 9470510 | Shares Floating 7819608 |
Shares Outstanding 9470510 | Shares Floating 7819608 | ||
Percent Insiders 17.47 | Percent Institutions 42.45 |
Analyst Ratings
Rating 5 | Target Price 20 | Buy - | Strong Buy 1 |
Buy - | Strong Buy 1 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Northern Technologies
Company Overview
History and Background
Northern Technologies International Corporation (NTIC) was founded in 1978. Initially focused on rust and corrosion inhibitors, it has evolved into a diversified company providing environmentally friendly products and services. Significant milestones include expansion into new markets and strategic acquisitions.
Core Business Areas
- ZERUSTu00ae Corrosion Solutions: NTIC develops and markets ZERUSTu00ae corrosion inhibiting packaging and coatings. These solutions protect metal parts and equipment from rust and corrosion during shipping and storage.
- Industrial and Retail Products: Offers a range of industrial and retail products, including cleaners, lubricants, and protectants.
- NTIC China: NTIC has operations in China focused on manufacturing, sales, and distribution in Asia
Leadership and Structure
NTIC is led by a board of directors and executive management team. The organizational structure includes functional departments such as sales, marketing, research and development, and operations.
Top Products and Market Share
Key Offerings
- ZERUSTu00ae VCI Poly Bags & Film: Corrosion inhibiting packaging materials that protect metal components during shipping and storage. Market share information is difficult to pinpoint exactly, but NTIC is a player in the global VCI packaging market which is highly competitive. Competitors include Daubert Cromwell, Branopac, and Armor Protective Packaging.
- ZERUSTu00ae Axxanolu2122 Cleaners: Environmentally friendly cleaners designed to remove contaminants and prepare surfaces for corrosion protection. Competitors include Kyzen Corporation and Brulin Corporation.
Market Dynamics
Industry Overview
The corrosion protection market is driven by industries such as automotive, aerospace, electronics, and construction. Demand is influenced by globalization, increasing transportation distances, and stringent environmental regulations.
Positioning
NTIC positions itself as a provider of environmentally friendly and effective corrosion protection solutions. It differentiates itself through its ZERUSTu00ae technology and global distribution network.
Total Addressable Market (TAM)
The global corrosion protection market is estimated to be in the billions of dollars. NTIC holds a small portion of this market, with opportunities for growth through expansion into new markets and product development.
Upturn SWOT Analysis
Strengths
- Strong brand recognition with ZERUSTu00ae
- Environmentally friendly product offerings
- Global distribution network
- Patented technologies
Weaknesses
- Relatively small company size
- Dependence on specific industries
- Limited product diversification compared to larger competitors
- Susceptibility to global economic downturns
Opportunities
- Expansion into emerging markets
- Development of new corrosion protection technologies
- Strategic partnerships and acquisitions
- Increasing demand for environmentally friendly solutions
Threats
- Intense competition from larger players
- Fluctuations in raw material prices
- Changes in environmental regulations
- Economic slowdowns in key industries
Competitors and Market Share
Key Competitors
- Daubert Cromwell
- Branopac
- Armor Protective Packaging
Competitive Landscape
NTIC faces competition from larger players in the corrosion protection market. It differentiates itself through its environmentally friendly solutions and patented technologies but needs to continue innovating to maintain its competitive edge.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: NTIC's historical growth has been driven by its ZERUSTu00ae corrosion solutions and expansion into new markets.
Future Projections: Future growth is projected to be driven by increasing demand for environmentally friendly corrosion protection solutions and expansion into emerging markets. Analyst estimates vary.
Recent Initiatives: Recent initiatives include the development of new corrosion protection technologies and strategic partnerships to expand its global reach.
Summary
Northern Technologies International Corporation is a niche player in the corrosion protection market, with a strong brand and environmentally friendly product offerings. Its strengths lie in its patented technologies and global distribution network, but its relatively small size poses a challenge. Future growth depends on expanding into new markets and continuous innovation to compete with larger players.
Similar Companies
- DOV (Dover Corporation)
- PPG (PPG Industries)
- RPM (RPM International Inc.)
Sources and Disclaimers
Data Sources:
- Company website
- Industry reports
- Market research reports
Disclaimers:
This analysis is based on publicly available information and analyst estimates. Financial data and market share information are estimates and may vary. Investment decisions should be based on thorough research and consultation with a financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Northern Technologies
Exchange NASDAQ | Headquaters Circle Pines, MN, United States | ||
IPO Launch date 1993-09-13 | President, CEO & Director Mr. G. Patrick Lynch | ||
Sector Basic Materials | Industry Specialty Chemicals | Full time employees 262 | Website https://www.ntic.com |
Full time employees 262 | Website https://www.ntic.com |
Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions in North America, South America, Europe, the Middle East, China, Brazil, India, Rest of Asia, and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand. The company markets and sells a portfolio of bio-based and certified compostable polymer resin compounds under the Natur-Tec brand; and finished products, such as trash bags, agricultural film, and single-use disposable products under the Natur-Bag brand. In addition, it offers on-site and technical consulting for rust and corrosion prevention issues. It sells its products and services to automotive, electronics, electrical, mechanical, military, retail consumer, and oil and gas markets through direct sales force, network of independent distributors, agents, manufacturer's sales representatives, and joint venture and strategic partners. Northern Technologies International Corporation was founded in 1970 and is headquartered in Circle Pines, Minnesota.
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