Estados financieros detallados de Northern Technologies International Corporation (NTIC): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Northern Technologies International Corporation registró ingresos de $84.2M en el último ejercicio fiscal, con un CAGR de 5 años del 12.1%.
Márgenes de los últimos 12 meses: margen bruto 35.8%, margen operativo -4.1%, margen neto -1.3%.
Al precio actual de $7.72, NTIC presenta beneficios negativos (P/E no significativo) y un ROE del -1.60%. La capitalización bursátil es de $73M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ingresos | $32.9M | $39.6M | $51.4M | $55.8M | $47.6M | $56.5M | $74.2M | $79.9M | $85.1M | $84.2M |
| Coste de Ventas | $22.3M | $26.3M | $34.2M | $38.0M | $31.6M | $36.9M | $51.1M | $52.1M | $51.3M | $52.6M |
| Beneficio Bruto | $10.6M | $13.3M | $17.3M | $17.8M | $16.0M | $19.6M | $23.1M | $27.8M | $33.8M | $31.7M |
| I+D | $4.7M | $2.9M | $3.5M | $3.8M | $4.0M | $4.4M | $4.8M | $5.0M | $4.8M | $5.0M |
| Generales y Administrativos | $14.5M | $17.1M | $19.4M | $20.3M | $19.3M | $20.3M | $23.6M | $28.5M | $30.6M | $32.6M |
| Gastos Operativos | $19.2M | $20.0M | $22.9M | $24.1M | $14.4M | $11.3M | $28.4M | $33.4M | $35.4M | $37.7M |
| Beneficio Operativo | $1.3M | $4.6M | $8.0M | $6.6M | $1.6M | $8.3M | -$5.3M | -$5.6M | -$1.6M | -$6.0M |
| EBITDA | $220119 | $5.6M | $9.2M | $7.8M | $2.8M | $9.6M | $10.7M | $7.7M | $9.7M | $5.4M |
| Gastos por Intereses | $13261 | $20382 | $17962 | $13567 | $16034 | $16086 | $89096 | $461805 | $340129 | $599927 |
| Beneficio Antes de Impuestos | -$572182 | $4.6M | $8.1M | $6.7M | $1.7M | $8.5M | $9.1M | $5.6M | $7.6M | $3.0M |
| Impuestos | $626120 | $699519 | $876103 | $841837 | $2.7M | $1.5M | $1.9M | $1.3M | $1.3M | $2.0M |
| Beneficio Neto | -$867514 | $3.4M | $6.7M | $5.2M | -$1.3M | $6.3M | $6.3M | $2.9M | $5.4M | $17619 |
| BPA | $-0.10 | $0.38 | $0.74 | $0.57 | $-0.10 | $0.69 | $0.69 | $0.31 | $0.55 | $0.00 |
| BPA Diluido | $-0.10 | $0.38 | $0.72 | $0.55 | $-0.10 | $0.64 | $0.66 | $0.30 | $0.55 | $0.00 |
| Acciones en Circulación (Diluidas) | $9.1M | $9.2M | $9.4M | $9.4M | $9.1M | $9.9M | $9.6M | $9.7M | $9.8M | $9.6M |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Caja y Equivalentes | $3.4M | $6.4M | $4.2M | $5.9M | $6.4M | $7.7M | $5.3M | $5.4M | $5.0M | $7.3M |
| Inversiones a Corto | $2.2M | $3.8M | $3.3M | $3.6M | $5.5M | $4634 | $5590 | 0 | 0 | 0 |
| Cuentas por Cobrar | $7.2M | $8.0M | $12.3M | $12.3M | $9.5M | $13.6M | $16.6M | $19.1M | $20.8M | $19.9M |
| Inventario | $7.7M | $7.5M | $9.1M | $10.5M | $11.0M | $11.1M | $16.3M | $13.1M | $14.4M | $15.5M |
| Activos Corrientes | $20.9M | $26.1M | $30.6M | $33.3M | $33.2M | $33.7M | $40.2M | $39.7M | $41.6M | $44.3M |
| Inmovilizado Material | $7.3M | $7.4M | $7.2M | $7.4M | $7.8M | $12.2M | $12.7M | $14.5M | $16.7M | $15.7M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | $4.8M | $4.8M | $4.8M | $4.8M |
| Activos Intangibles | $1.3M | $1.3M | $1.2M | $1.0M | $802006 | $709572 | $6.6M | $6.2M | $5.7M | $8.8M |
| Activos Totales | $51.1M | $56.6M | $63.5M | $67.5M | $66.1M | $74.4M | $86.2M | $89.3M | $94.7M | $102.7M |
| Cuentas por Pagar | $2.8M | $2.7M | $3.9M | $4.5M | $3.2M | $4.3M | $7.8M | $6.1M | $6.4M | $8.0M |
| Deuda a Corto | 0 | 0 | 0 | 0 | $386345 | $272336 | $6.3M | $6.7M | $7.4M | $12.5M |
| Pasivos Corrientes | $4.0M | $4.9M | $7.7M | $7.8M | $6.1M | $8.5M | $17.1M | $16.7M | $17.9M | $23.9M |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $466984 |
| Pasivos Totales | $4.0M | $4.9M | $7.7M | $7.8M | $6.4M | $8.6M | $18.9M | $18.6M | $19.5M | $26.0M |
| Reservas | $33.7M | $37.1M | $42.0M | $45.0M | $42.5M | $47.0M | $50.7M | $51.0M | $53.8M | $52.3M |
| Patrimonio Neto | $44.5M | $48.9M | $53.1M | $56.6M | $56.7M | $62.4M | $63.6M | $66.4M | $71.2M | $72.1M |
| Deuda Total | 0 | 0 | 0 | 0 | $658788 | $376438 | $6.5M | $6.8M | $7.5M | $13.1M |
| Deuda Neta | -$5.6M | -$10.1M | -$7.5M | -$9.4M | -$11.3M | -$7.3M | $1.1M | $1.4M | $2.6M | $5.9M |
| Capital Circulante | $16.9M | $21.2M | $22.8M | $25.5M | $27.1M | $25.2M | $23.2M | $23.0M | $23.7M | $20.4M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Beneficio Neto | -$1.2M | $3.9M | $7.2M | $5.8M | -$934760 | $7.0M | $7.2M | $4.2M | $6.3M | $986393 |
| Amortizaciones | $779040 | $906144 | $1.1M | $1.1M | $1.1M | $1.1M | $1.6M | $1.6M | $1.8M | $1.8M |
| Compensación en Acciones | $427437 | $391664 | $413010 | $1.4M | $1.3M | $664174 | $931532 | $1.3M | $1.4M | $1.4M |
| Cambio en Capital Circulante | -$548720 | $102456 | -$4.5M | -$561273 | $415720 | -$2.5M | -$5.6M | -$542149 | -$1.8M | $257347 |
| Flujo de Caja Operativo | $2.1M | $5.7M | $608687 | $5.5M | $4.9M | $2.9M | $1.1M | $5.5M | $5.9M | $2.4M |
| Inversiones (CapEx) | -$778817 | -$1.1M | -$766983 | -$1.1M | -$807408 | -$5.6M | -$1.7M | -$3.4M | -$3.4M | -$4.0M |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | -$5.4M | 0 | 0 | 0 |
| Recompra de Acciones | -$138881 | -$196225 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | -$1.8M | -$2.2M | -$1.2M | -$1.8M | -$2.6M | -$2.6M | -$2.6M | -$1.5M |
| Flujo de Caja Libre | $1.3M | $4.7M | -$158296 | $4.4M | $4.1M | -$2.8M | -$557745 | $2.2M | $2.5M | -$1.5M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Crecimiento Ingresos (anual) | +20.1% | +30.0% | +8.4% | -14.5% | +18.6% | +31.3% | +7.7% | +6.5% | -1.0% | |
| Crecimiento Beneficio Neto (anual) | +494.5% | +95.8% | -22.3% | -125.7% | +569.6% | +0.7% | -54.0% | +85.7% | -99.7% | |
| Crecimiento BPA (anual) | +497.5% | +94.7% | -23.0% | -117.5% | +790.0% | +0.0% | -55.1% | +77.4% | -99.7% | |
| Cambio en Acciones (anual) | +0.9% | +2.4% | +0.5% | -3.4% | +8.5% | -2.4% | +0.6% | +1.4% | -2.0% | |
| Crecimiento FCF (anual) | +264.3% | -103.4% | +2881.0% | -6.8% | -167.0% | +79.7% | +490.8% | +13.1% | -161.2% | |
| Margen Bruto | 32.2% | 33.5% | 33.6% | 31.9% | 33.6% | 34.6% | 31.1% | 34.8% | 39.7% | 37.6% |
| Margen Operativo | 3.9% | 11.6% | 15.6% | 11.8% | 3.3% | 14.7% | -7.2% | -7.0% | -1.9% | -7.1% |
| Margen EBITDA | 0.7% | 14.0% | 17.9% | 13.9% | 5.9% | 17.0% | 14.5% | 9.6% | 11.5% | 6.4% |
| Margen Neto | -2.6% | 8.6% | 13.0% | 9.3% | -2.8% | 11.1% | 8.5% | 3.6% | 6.4% | 0.0% |
| Margen FCF | 3.9% | 11.8% | -0.3% | 7.9% | 8.6% | -4.9% | -0.8% | 2.7% | 2.9% | -1.8% |
| Tasa Impositiva Efectiva | -109.4% | 15.1% | 10.8% | 12.6% | 153.7% | 17.3% | 20.7% | 24.2% | 17.3% | 67.5% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FCF por Acción | $0.14 | $0.51 | $-0.02 | $0.47 | $0.45 | $-0.28 | $-0.06 | $0.22 | $0.25 | $-0.16 |
| Dividendo por Acción | $0.00 | $0.00 | $0.19 | $0.23 | $0.13 | $0.18 | $0.27 | $0.27 | $0.27 | $0.16 |
| Acciones en Circulación (Básicas) | $9.1M | $9.1M | $9.1M | $9.1M | $9.1M | $9.1M | $9.2M | $9.4M | $9.8M | $9.5M |
Qué mirar en Basic Materials
Mineras, químicas, acero. 100% commodity-driven. Analizar con P/E puro es un error — mira posición de costes y sostenibilidad del dividendo.
- FCF yield — En commodities el FCF es oro — EPS engaña mucho
- Margen bruto — Margen bruto consistente 5y = señal de moat
- Deuda neta / EBITDA (valle) — Usar EBITDA del peor año del ciclo, no el actual
- Dividend coverage — Dividendo cubierto por FCF en año medio, no en pico
- Capex / D&A — >1x = mantienen/crecen reservas. <0.7x = están descapitalizando
- Altman Z-Score — Modelo de bankruptcy (NYU 1968) — combina liquidez, apalancamiento y rentabilidad. Clave en cíclicos
- P/B en ciclos — Commodities: 0.8-1.2x en valles, 2x+ en picos. <2x aún zona razonable
Rentabilidad
| Rentabilidad sobre capital | -1.60% |
| Rentabilidad sobre capital invertido | 0.17% |
| Rentabilidad sobre activos | -1.08% |
| Margen bruto | 35.76% |
| Margen operativo | -4.06% |
| Margen neto | -1.26% |
Salud financiera
| Deuda / Patrimonio | 0.22 |
| Ratio corriente | 1.72 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 3.20 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | -72.70 | 23.16 | 24.59 | 19.21 | -83.10 | 24.16 | 17.07 | 41.61 | 23.89 | 3894.74 |
| P/VC | 1.42 | 1.63 | 3.11 | 1.76 | 1.33 | 2.44 | 1.71 | 1.82 | 1.81 | 0.97 |
| P/V | 1.92 | 2.01 | 3.21 | 1.78 | 1.59 | 2.69 | 1.46 | 1.51 | 1.52 | 0.83 |
| Margen Bruto | 32.2% | 33.5% | 33.6% | 31.9% | 33.6% | 34.6% | 31.1% | 34.8% | 39.7% | 37.6% |
| Margen Operativo | 3.9% | 11.6% | 15.6% | 11.8% | 3.3% | 14.7% | -7.2% | -7.0% | -1.9% | -7.1% |
| Margen Neto | -2.6% | 8.6% | 13.0% | 9.3% | -2.8% | 11.1% | 8.5% | 3.6% | 6.4% | 0.0% |
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Explorar sector: Basic Materials · Chemicals - Specialty
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