Northern Free Cash Flow vs Price to Sales Ratio Analysis

NTIC Stock

USD 14.87 1.02 7.36%

Northern Technologies financial indicator trend analysis is infinitely more than just investigating Northern Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northern Technologies is a good investment. Please check the relationship between Northern Technologies Free Cash Flow and its Price To Sales Ratio accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

For information on how to trade Northern Stock refer to our How to Trade Northern Stock guide.

Free Cash Flow vs Price To Sales Ratio

Free Cash Flow vs Price to Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northern Technologies Free Cash Flow account and Price to Sales Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Northern Technologies' Free Cash Flow and Price to Sales Ratio is -0.46. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Price to Sales Ratio in the same time period over historical financial statements of Northern Technologies, assuming nothing else is changed. The correlation between historical values of Northern Technologies' Free Cash Flow and Price to Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Northern Technologies are associated (or correlated) with its Price to Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price to Sales Ratio has no effect on the direction of Free Cash Flow i.e., Northern Technologies' Free Cash Flow and Price to Sales Ratio go up and down completely randomly.

Correlation Coefficient

-0.46

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Northern Technologies stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Northern Technologies sales, a figure that is much harder to manipulate than other Northern Technologies multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.

Most indicators from Northern Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northern Technologies current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

For information on how to trade Northern Stock refer to our How to Trade Northern Stock guide.At present, Northern Technologies' Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 16.34, whereas Tax Provision is forecasted to decline to about 1.4 M.

	2021	2022	2023	2024 (projected)
Gross Profit	23.1M	29.1M	33.4M	35.1M
Total Revenue	74.2M	86.4M	99.3M	104.3M

Gross Profit Total Revenue

Northern Technologies fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock	Other Liab	Other Assets	Property Plant Equipment
Total Assets		-0.65	0.92	0.99	0.97	0.36	0.98	0.93	0.54	0.98	0.15	0.28	0.96	0.75	0.51	0.96	0.71	0.99	0.9	0.98	0.96	0.6	0.61	0.77	-0.59	0.96
Other Current Liab	-0.65		-0.77	-0.56	-0.74	-0.71	-0.53	-0.61	-0.07	-0.67	-0.6	0.23	-0.74	-0.53	-0.42	-0.55	-0.98	-0.71	-0.78	-0.6	-0.75	-0.38	-0.41	-0.26	0.58	-0.65
Total Current Liabilities	0.92	-0.77		0.85	0.94	0.64	0.85	0.97	0.36	0.9	0.09	-0.01	0.97	0.71	0.58	0.92	0.82	0.93	1.0	0.91	0.95	0.62	0.63	0.5	-0.7	0.92
Total Stockholder Equity	0.99	-0.56	0.85		0.93	0.22	1.0	0.89	0.6	0.97	0.16	0.4	0.92	0.74	0.46	0.94	0.63	0.97	0.83	0.97	0.92	0.58	0.59	0.83	-0.52	0.93
Property Plant And Equipment Net	0.97	-0.74	0.94	0.93		0.47	0.92	0.92	0.47	0.96	0.2	0.12	0.97	0.77	0.44	0.93	0.79	0.98	0.93	0.94	1.0	0.6	0.62	0.64	-0.68	0.99
Net Debt	0.36	-0.71	0.64	0.22	0.47		0.22	0.5	-0.38	0.4	0.03	-0.62	0.49	0.28	0.31	0.37	0.69	0.4	0.67	0.3	0.49	0.15	0.17	-0.03	-0.5	0.4
Retained Earnings	0.98	-0.53	0.85	1.0	0.92	0.22		0.9	0.6	0.96	0.12	0.41	0.92	0.73	0.48	0.95	0.61	0.96	0.82	0.97	0.91	0.58	0.59	0.83	-0.49	0.92
Accounts Payable	0.93	-0.61	0.97	0.89	0.92	0.5	0.9		0.46	0.89	-0.07	0.12	0.96	0.71	0.6	0.97	0.67	0.93	0.96	0.94	0.92	0.66	0.68	0.57	-0.62	0.92
Cash	0.54	-0.07	0.36	0.6	0.47	-0.38	0.6	0.46		0.48	-0.03	0.67	0.46	0.58	0.26	0.55	0.09	0.52	0.34	0.59	0.45	0.69	0.69	0.52	-0.32	0.51
Non Current Assets Total	0.98	-0.67	0.9	0.97	0.96	0.4	0.96	0.89	0.48		0.18	0.19	0.93	0.74	0.47	0.91	0.73	0.97	0.89	0.92	0.95	0.51	0.53	0.81	-0.58	0.94
Non Currrent Assets Other	0.15	-0.6	0.09	0.16	0.2	0.03	0.12	-0.07	-0.03	0.18		0.0	0.2	0.17	0.07	-0.05	0.58	0.22	0.09	0.11	0.2	-0.05	-0.03	0.11	-0.03	0.12
Cash And Short Term Investments	0.28	0.23	-0.01	0.4	0.12	-0.62	0.41	0.12	0.67	0.19	0.0		0.12	0.21	0.03	0.28	-0.2	0.24	-0.06	0.37	0.1	0.33	0.32	0.47	0.1	0.15
Net Receivables	0.96	-0.74	0.97	0.92	0.97	0.49	0.92	0.96	0.46	0.93	0.2	0.12		0.75	0.57	0.93	0.81	0.97	0.96	0.96	0.97	0.63	0.65	0.59	-0.64	0.95
Common Stock Shares Outstanding	0.75	-0.53	0.71	0.74	0.77	0.28	0.73	0.71	0.58	0.74	0.17	0.21	0.75		0.37	0.71	0.58	0.75	0.69	0.73	0.76	0.7	0.71	0.52	-0.48	0.77
Non Current Liabilities Total	0.51	-0.42	0.58	0.46	0.44	0.31	0.48	0.6	0.26	0.47	0.07	0.03	0.57	0.37		0.52	0.45	0.49	0.58	0.53	0.44	0.55	0.56	0.25	-0.24	0.41
Inventory	0.96	-0.55	0.92	0.94	0.93	0.37	0.95	0.97	0.55	0.91	-0.05	0.28	0.93	0.71	0.52		0.61	0.95	0.9	0.97	0.93	0.69	0.71	0.65	-0.62	0.94
Other Current Assets	0.71	-0.98	0.82	0.63	0.79	0.69	0.61	0.67	0.09	0.73	0.58	-0.2	0.81	0.58	0.45	0.61		0.77	0.83	0.66	0.81	0.37	0.4	0.32	-0.58	0.72
Other Stockholder Equity	0.99	-0.71	0.93	0.97	0.98	0.4	0.96	0.93	0.52	0.97	0.22	0.24	0.97	0.75	0.49	0.95	0.77		0.92	0.97	0.98	0.63	0.65	0.7	-0.65	0.97
Total Liab	0.9	-0.78	1.0	0.83	0.93	0.67	0.82	0.96	0.34	0.89	0.09	-0.06	0.96	0.69	0.58	0.9	0.83	0.92		0.89	0.94	0.6	0.62	0.49	-0.71	0.9
Total Current Assets	0.98	-0.6	0.91	0.97	0.94	0.3	0.97	0.94	0.59	0.92	0.11	0.37	0.96	0.73	0.53	0.97	0.66	0.97	0.89		0.93	0.67	0.68	0.69	-0.58	0.93
Property Plant And Equipment Gross	0.96	-0.75	0.95	0.92	1.0	0.49	0.91	0.92	0.45	0.95	0.2	0.1	0.97	0.76	0.44	0.93	0.81	0.98	0.94	0.93		0.6	0.62	0.61	-0.69	0.99
Common Stock Total Equity	0.6	-0.38	0.62	0.58	0.6	0.15	0.58	0.66	0.69	0.51	-0.05	0.33	0.63	0.7	0.55	0.69	0.37	0.63	0.6	0.67	0.6		1.0	0.21	-0.67	0.61
Common Stock	0.61	-0.41	0.63	0.59	0.62	0.17	0.59	0.68	0.69	0.53	-0.03	0.32	0.65	0.71	0.56	0.71	0.4	0.65	0.62	0.68	0.62	1.0		0.22	-0.68	0.62
Other Liab	0.77	-0.26	0.5	0.83	0.64	-0.03	0.83	0.57	0.52	0.81	0.11	0.47	0.59	0.52	0.25	0.65	0.32	0.7	0.49	0.69	0.61	0.21	0.22		-0.16	0.65
Other Assets	-0.59	0.58	-0.7	-0.52	-0.68	-0.5	-0.49	-0.62	-0.32	-0.58	-0.03	0.1	-0.64	-0.48	-0.24	-0.62	-0.58	-0.65	-0.71	-0.58	-0.69	-0.67	-0.68	-0.16		-0.66
Property Plant Equipment	0.96	-0.65	0.92	0.93	0.99	0.4	0.92	0.92	0.51	0.94	0.12	0.15	0.95	0.77	0.41	0.94	0.72	0.97	0.9	0.93	0.99	0.61	0.62	0.65	-0.66

Click cells to compare fundamentals

Northern Technologies Account Relationship Matchups

Northern Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	66.1M	74.4M	86.2M	89.3M	102.7M	107.9M
Other Current Liab	880.1K	4.0M	3.0M	(30.2M)	(27.2M)	(25.9M)
Total Current Liabilities	6.1M	8.5M	17.1M	16.7M	19.2M	20.2M
Total Stockholder Equity	56.7M	62.4M	63.6M	66.4M	76.3M	80.1M
Property Plant And Equipment Net	7.8M	12.2M	12.7M	14.5M	16.7M	17.5M
Net Debt	(5.7M)	(7.3M)	1.1M	1.4M	1.2M	1.3M
Retained Earnings	42.5M	47.0M	50.7M	51.0M	58.7M	61.6M
Accounts Payable	3.2M	4.3M	7.8M	6.1M	7.0M	7.3M
Cash	6.4M	7.7M	5.3M	5.4M	6.2M	3.2M
Non Current Assets Total	32.9M	40.6M	46.0M	49.7M	57.1M	60.0M
Cash And Short Term Investments	11.9M	7.7M	5.3M	5.4M	6.2M	4.2M
Net Receivables	9.5M	13.6M	16.6M	19.1M	22.0M	23.1M
Common Stock Shares Outstanding	9.1M	9.9M	9.6M	9.7M	11.1M	9.3M
Liabilities And Stockholders Equity	66.1M	74.4M	86.2M	89.3M	102.7M	107.9M
Non Current Liabilities Total	272.4K	104.1K	1.9M	1.9M	2.2M	2.3M
Inventory	11.0M	11.1M	16.3M	13.1M	15.1M	15.8M
Other Current Assets	(1.0)	1.3M	2.0M	21.2B	24.3B	25.6B
Other Stockholder Equity	17.4M	18.7M	19.9M	22.0M	25.3M	26.5M
Total Liab	6.4M	8.6M	18.9M	18.6M	21.4M	22.5M
Total Current Assets	33.2M	33.7M	40.2M	39.7M	45.6M	47.9M
Property Plant And Equipment Gross	7.8M	12.2M	12.7M	14.5M	16.7M	17.5M
Accumulated Other Comprehensive Income	(3.4M)	(3.5M)	(7.2M)	(6.8M)	(6.1M)	(5.8M)
Common Stock Total Equity	181.7K	182K	183.7K	184.7K	212.3K	108.5K
Common Stock	182K	183.7K	184.7K	188.5K	216.8K	112.5K
Other Assets	1.7M	1.6M	209.7K	92.6K	83.3K	79.1K
Property Plant Equipment	7.4M	7.1M	12.2M	12.2M	14.0M	14.7M
Short Term Investments	5.5M	4.6K	5.6K	23.7B	27.2B	28.6B
Good Will	1.0M	802.0K	0.0	4.8M	5.5M	5.8M
Intangible Assets	802.0K	709.6K	6.6M	6.2M	7.1M	7.4M
Net Tangible Assets	56.6M	56.7M	61.7M	52.2M	60.0M	53.6M
Noncontrolling Interest In Consolidated Entity	3.1M	3.0M	3.4M	3.6M	4.2M	3.2M
Retained Earnings Total Equity	45.0M	42.5M	47.0M	50.7M	58.3M	41.9M
Capital Surpluse	16.0M	17.4M	18.7M	19.9M	22.9M	16.4M

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When determining whether Northern Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Northern Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Northern Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Northern Technologies Stock:

How To Invest In Northern

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Is Northern Stock a good investment?

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What is Northern Technologies' Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

For information on how to trade Northern Stock refer to our How to Trade Northern Stock guide.

You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for Northern Stock analysis

When running Northern Technologies' price analysis, check to measure Northern Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Northern Technologies is operating at the current time. Most of Northern Technologies' value examination focuses on studying past and present price action to predict the probability of Northern Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Technologies' price. Additionally, you may evaluate how the addition of Northern Technologies to your portfolios can decrease your overall portfolio volatility.

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Is Northern Technologies' 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 Technologies. 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 Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

3.25

Dividend Share

0.28

Earnings Share

0.48

Revenue Per Share

8.802

Quarterly Revenue Growth

0.141

The market value of Northern Technologies 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 Technologies' value that differs from its market value or its book value, called intrinsic value, which is Northern Technologies' 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 Technologies' market value can be influenced by many factors that don't directly affect Northern Technologies' 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 Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Technologies' 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.

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Northern Free Cash Flow vs Price to Sales Ratio Analysis

Free Cash Flow vs Price To Sales Ratio

Free Cash Flow vs Price to Sales Ratio Correlation Analysis

Correlation Coefficient

Free Cash Flow

Price To Sales Ratio

Northern Technologies fundamental ratios Correlations

Northern Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Northern Technologies fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Northern Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Retained Earnings	+ 1.0	Total Stockholder Equity
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Common Stock	+ 1.0	Common Stock Total Equity
Total Stockholder Equity	+ 0.99	Total Assets
Other Stockholder Equity	+ 0.99	Total Assets

Other Current Assets	- 0.98	Other Current Liab
Total Liab	- 0.78	Other Current Liab
Total Current Liabilities	- 0.77	Other Current Liab
Property Plant And Equipment Gross	- 0.75	Other Current Liab
Net Receivables	- 0.74	Other Current Liab
Property Plant And Equipment Net	- 0.74	Other Current Liab