Northern Fundamentals

NTRS
 Stock
  

USD 93.11  1.35  1.47%   

Northern Trust Corp fundamentals help investors to digest information that contributes to Northern Trust's financial success or failures. It also enables traders to predict the movement of Northern Stock. The fundamental analysis module provides a way to measure Northern Trust's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Northern Trust stock.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  
Northern Trust Weighted Average Shares is relatively stable at the moment as compared to the past year. Northern Trust reported last year Weighted Average Shares of 208.08 Million. As of 11/30/2022, Weighted Average Shares Diluted is likely to grow to about 242.8 M, while Consolidated Income is likely to drop slightly above 1.3 B.

Northern Beta Analysis

Northern Trust's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it will be expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
 2019 2020 2021 2022 (projected)
PPandE Turnover15.1312.5912.9311.51
Calculated Tax Rate23.2425.723.1228.73
Beta 
 = 
Covariance 
Variance 
More About Beta | All Equity Analysis

Current Northern Trust Beta

    
  1.07  
Most of Northern Trust's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Northern Trust Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Compare to competition

In accordance with the recently published financial statements, Northern Trust Corp has a Beta of 1.07. This is 30.49% higher than that of the Financial Services sector and 12.3% lower than that of the Asset Management industry. The beta for all United States stocks is notably lower than that of the firm.

Northern Trust Corp Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Northern Trust's current stock value. Our valuation model uses many indicators to compare Northern Trust value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Northern Trust competition to find correlations between indicators driving Northern Trust's intrinsic value. More Info.
Northern Trust Corp is considered to be number one stock in retained earnings category among related companies. It is rated top company in current valuation category among related companies reporting about  2.37  of Current Valuation per Retained Earnings. . Comparative valuation analysis is a catch-all model that can be used if you cannot value Northern Trust by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Northern Trust's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Northern Trust's earnings, one of the primary drivers of an investment's value.

Northern Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Northern Trust's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Northern Trust could also be used in its relative valuation, which is a method of valuing Northern Trust by comparing valuation metrics of similar companies.
Northern Trust is currently under evaluation in z score category among related companies.

Northern Trust Current Valuation Drivers

We derive many important indicators used in calculating different scores of Northern Trust from analyzing Northern Trust's financial statements. These drivers represent accounts that assess Northern Trust's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Northern Trust's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee66.24 K82.79 K75.36 K57.7 K73.24 K63.85 K
Revenue Per Employee315.77 K354.2 K348.24 K300.66 K307.5 K292.2 K
Average Assets129.27 B132.34 B127.4 B158.81 B182.63 B162.47 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA2.06 B2.42 B2.4 B2.13 B2.45 B2.3 B
Earnings Before Interest Taxes and Depreciation Amortization USD2.06 B2.42 B2.4 B2.13 B2.45 B2.3 B
Earnings before Tax1.63 B1.96 B1.94 B1.63 B1.87 B1.79 B
Average Equity10.11 B10.36 B10.83 B11.38 B13.09 B12.04 B
Enterprise Value(11.81 B)(9.97 B)2.78 B(15.51 B)(13.96 B)(14.33 B)
Free Cash Flow1.25 B1.26 B1.99 B1.34 B1.54 B1.39 B
Invested Capital98.45 B105.52 B104.69 B113.93 B131.02 B121.34 B
Invested Capital Average94.36 B103.19 B102.28 B115.54 B132.87 B121.39 B
Market Capitalization22.72 B18.51 B22.51 B19.38 B22.29 B21.5 B
Tangible Asset Value137.98 B131.54 B136.13 B169.3 B194.69 B171.23 B

Northern Trust ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Northern Trust's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Northern Trust's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

Northern Trust Institutional Holders

Institutional Holdings refers to the ownership stake in Northern Trust that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Northern Trust's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Northern Trust's value.
Security TypeSharesValue
Zurich Insurance Group LtdCommon Shares37.9 K3.5 M
Zurich Insurance Group LtdCommon Shares36.7 K3.3 M
Zurich Insurance Group LtdCommon Shares35.2 K3.2 M
Zurich Insurance Group LtdCommon Shares35.1 K2.9 M
Zurich Insurance Group LtdCommon Shares50.8 K5.2 M
Zurich Insurance Group LtdCommon Shares51.5 K5.3 M
Zurich Insurance Group LtdCommon Shares49.8 K5.1 M

Northern Fundamentals

About Northern Trust Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Northern Trust Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Northern Trust using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Northern Trust Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2022
Revenues6.5 B5.6 B
Revenue to Assets 0.035284  0.0434 
Revenue Per Employee307.5 K292.2 K

Be your own money manager

Our tools can tell you how much better you can do entering a position in Northern Trust without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Additionally, see Northern Trust Piotroski F Score and Northern Trust Altman Z Score analysis. You can also try Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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Is Northern Trust's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Northern Trust. If investors know Northern will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Northern Trust listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
19 B
Quarterly Revenue Growth YOY
0.065
Return On Assets
0.0096
Return On Equity
0.14
The market value of Northern Trust Corp is measured differently than its book value, which is the value of Northern that is recorded on the company's balance sheet. Investors also form their own opinion of Northern Trust's value that differs from its market value or its book value, called intrinsic value, which is Northern Trust's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Northern Trust's market value can be influenced by many factors that don't directly affect Northern Trust's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Northern Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine Northern Trust value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Trust's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.