Using the industry peer median P/E Multiples multiple (trailing + forward), Northern Technologies International Corporation (NTIC) has a fair value of $11.75 based on 3 comparable companies in the Chemicals - Specialty industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Northern Technologies International CorporationNTIC | 77 | 4422.2x | 17.3x |
| Alto Ingredients, Inc. | 345 | 27.9x | — |
| Flexible Solutions International, Inc. | 78 | 25.5x | 51.0x |
| Agroz Inc. Ordinary Shares | 8 | 2.4x | — |
| Industry Median | 25.5x | 51.0x | |
| (*) Profit after tax | 0 | 4 | |
| Equity Value | 0 | 226 | |
| (/) Outstanding shares | 10 | 10 | |
| Fair Price | $0 | $23 | |
Using the industry peer median EV/EBITDA multiple (trailing + forward), Northern Technologies International Corporation (NTIC) has a fair value of $6.35 based on 3 comparable companies in the Chemicals - Specialty industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/EBITDA | Forward EV/EBITDA | |
|---|---|---|---|
| Northern Technologies International CorporationNTIC | 77 | 15.3x | 16.0x |
| Alto Ingredients, Inc. | 345 | 12.7x | 10.9x |
| Flexible Solutions International, Inc. | 78 | 14.7x | 14.8x |
| Agroz Inc. Ordinary Shares | 8 | 1.4x | — |
| Industry Median | 12.7x | 12.8x | |
| (*) EBITDA | 5 | 5 | |
| = Enterprise Value | 68 | 66 | |
| (-) Net Debt | 6 | 6 | |
| Equity Value | 62 | 60 | |
| (/) Outstanding shares | 10 | 10 | |
| Fair Price | $6 | $6 | |
Using the industry peer median EV/Revenue multiple (trailing + forward), Northern Technologies International Corporation (NTIC) has a fair value of $6.87 based on 7 comparable companies in the Chemicals - Specialty industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/Revenue | Forward EV/Revenue | |
|---|---|---|---|
| Northern Technologies International CorporationNTIC | 77 | 1.0x | 1.0x |
| Alto Ingredients, Inc. | 345 | 0.5x | 0.4x |
| Flexible Solutions International, Inc. | 78 | 2.1x | 2.1x |
| Largo Inc. | 77 | 0.6x | 0.6x |
| Loop Industries, Inc. | 70 | 5.5x | 55.0x |
| FST Corp. | 55 | 1.7x | 1.7x |
| Agroz Inc. Ordinary Shares | 8 | 0.3x | — |
| Origin Materials, Inc. | 7 | 0.1x | 0.1x |
| Industry Median | 0.6x | 1.1x | |
| (*) Revenue | 84 | 81 | |
| = Enterprise Value | 52 | 92 | |
| (-) Net Debt | 6 | 6 | |
| Equity Value | 46 | 87 | |
| (/) Outstanding shares | 10 | 10 | |
| Fair Price | $5 | $9 | |
Using the Two-Stage Dividend Discount Model with a Cost of Equity of 9.1% and projected dividend growth of 0.0%, the fair value is $2.20 per share. The DDM range is $1.69 – $3.45 based on sensitivity analysis across Cost of Equity and growth rate assumptions.
| Year | DPS | Payout Ratio | YoY Growth |
|---|---|---|---|
| 2025 | $0.16 | 8600.7% | -41.5% |
| 2024 | $0.27 | 48.8% | -0.8% |
| 2023 | $0.27 | 90.1% | +1.1% |
| 2022 | $0.27 | 40.8% | +48.5% |
| 2021 | $0.18 | 28.4% | — |
| Year | Projected DPS | Growth | Discount Factor | Present Value |
|---|---|---|---|---|
| 2026 | $0.16 | 0.0% | 0.9168 | $0.14 |
| 2027 | $0.16 | 0.0% | 0.8406 | $0.13 |
| 2028 | $0.16 | 0.0% | 0.7706 | $0.12 |
| 2029 | $0.16 | 0.0% | 0.7065 | $0.11 |
| 2030 | $0.16 | 0.0% | 0.6478 | $0.10 |
| Terminal Value | $0.16 DPS | 2.5% | $1.59 |
Fair value under different Cost of Equity (rows) and DPS Growth Rate (columns) assumptions.
| Ke \ Growth | 0.0% | 0.0% | 0.0% | 1.0% | 2.0% |
|---|---|---|---|---|---|
| 7.1% | $3 | $3 | $3 | $3 | $3 |
| 8.1% | $3 | $3 | $3 | $3 | $3 |
| 9.1% | $2 | $2 | $2 | $2 | $2 |
| 10.1% | $2 | $2 | $2 | $2 | $2 |
| 11.1% | $2 | $2 | $2 | $2 | $2 |
Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.