Northern Market Capitalization vs Net Income Analysis
NTIC Stock | USD 15.61 0.04 0.26% |
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 Market Cap and its Net Income 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.
Market Cap vs Net Income
Market Capitalization vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northern Technologies Market Capitalization account and Net Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Northern Technologies' Market Capitalization and Net Income is 0.67. Overlapping area represents the amount of variation of Market Capitalization that can explain the historical movement of Net Income 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' Market Capitalization and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Market Capitalization of Northern Technologies are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Market Capitalization i.e., Northern Technologies' Market Capitalization and Net Income go up and down completely randomly.
Correlation Coefficient | 0.67 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Market Cap
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Northern Technologies financial statement analysis. It represents the amount of money remaining after all of Northern Technologies operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.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 |
Northern Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Northern Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Northern Technologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Northern Technologies' short interest history, or implied volatility extrapolated from Northern Technologies options trading.
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Try AI Portfolio ArchitectCheck 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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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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.