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Northern Technologies (NTIC)



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Upturn Advisory Summary
08/28/2025: NTIC (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $13
1 Year Target Price $13
1 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -7.17% | Avg. Invested days 40 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 70.11M USD | Price to earnings Ratio 23.87 | 1Y Target Price 13 |
Price to earnings Ratio 23.87 | 1Y Target Price 13 | ||
Volume (30-day avg) 1 | Beta 0.28 | 52 Weeks Range 6.73 - 14.96 | Updated Date 08/29/2025 |
52 Weeks Range 6.73 - 14.96 | Updated Date 08/29/2025 | ||
Dividends yield (FY) 2.98% | Basic EPS (TTM) 0.31 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 3.46% | Operating Margin (TTM) -0.48% |
Management Effectiveness
Return on Assets (TTM) 0.75% | Return on Equity (TTM) 5.29% |
Valuation
Trailing PE 23.87 | Forward PE - | Enterprise Value 73613866 | Price to Sales(TTM) 0.82 |
Enterprise Value 73613866 | Price to Sales(TTM) 0.82 | ||
Enterprise Value to Revenue 0.86 | Enterprise Value to EBITDA 9.77 | Shares Outstanding 9474360 | Shares Floating 7820234 |
Shares Outstanding 9474360 | Shares Floating 7820234 | ||
Percent Insiders 17.49 | Percent Institutions 35.48 |
Upturn AI SWOT
Northern Technologies

Company Overview
History and Background
Northern Technologies, founded in the mid 1990's, specializes in corrosion prevention products and services. They provide solutions for various industries globally. They have grown through strategic acquisitions and expansion of their product line.
Core Business Areas
- Corrosion Prevention Products: Manufactures and sells corrosion inhibiting products for metal components and equipment.
- Corrosion Prevention Services: Offers consulting, application, and monitoring services related to corrosion management.
- NViRO Solutions: Focuses on biodegradable and environmentally friendly corrosion inhibiting solutions.
Leadership and Structure
The leadership team consists of experienced professionals in engineering, sales, and operations. The organizational structure is hierarchical, with functional departments and regional sales teams.
Top Products and Market Share
Key Offerings
- ZERUSTu00ae Corrosion Inhibitors: A range of volatile corrosion inhibitors (VCIs) used to protect metal parts during shipping and storage. Market share is estimated at 10-15% in the VCI market. Competitors include Daubert Cromwell, Cortec Corporation, and Branopac.
- NViRO Barrier Coatings: Biodegradable coatings providing corrosion protection for various applications. Market share is smaller, estimated at 5-8% in the biodegradable coatings segment. Competitors include Cortec Corporation and Henkel.
Market Dynamics
Industry Overview
The corrosion prevention industry is driven by the need to protect infrastructure and equipment from degradation, with increasing demand for sustainable and environmentally friendly solutions.
Positioning
Northern Technologies positions itself as a provider of high-performance, sustainable corrosion prevention solutions with a strong focus on technical expertise and customer service.
Total Addressable Market (TAM)
The global corrosion prevention market is estimated at $50-70 billion. Northern Technologies has significant potential for growth by capturing a larger market share and expanding its product offerings.
Upturn SWOT Analysis
Strengths
- Strong brand recognition (ZERUST)
- Technical expertise in corrosion prevention
- Environmentally friendly product line (NViRO)
- Global distribution network
Weaknesses
- Relatively small market share compared to larger competitors
- Dependence on raw material prices
- Limited marketing budget
Opportunities
- Growing demand for sustainable corrosion prevention solutions
- Expansion into new geographic markets
- Development of new product lines
- Strategic partnerships and acquisitions
Threats
- Intense competition from established players
- Fluctuations in raw material prices
- Economic downturns affecting industrial activity
- Changing environmental regulations
Competitors and Market Share
Key Competitors
- Cortec Corporation
- Daubert Cromwell
- Henkel (HENKY)
- Branopac
Competitive Landscape
Northern Technologies has a strong reputation and a niche in environmentally friendly solutions, but it faces stiff competition from larger, more established companies with greater resources.
Growth Trajectory and Initiatives
Historical Growth: Growth has been steady, driven by increasing demand for corrosion prevention solutions. Specific historical growth rates unavailable without detailed financial data.
Future Projections: Analyst estimates suggest continued growth in line with the overall corrosion prevention market. Further projections require access to financial reports and market forecasts.
Recent Initiatives: NTIC has focused on expanding its NViRO product line and strengthening its partnerships with key distributors.
Summary
Northern Technologies is a specialized corrosion prevention company known for its ZERUST brand and environmentally friendly NViRO line. It faces intense competition but benefits from growing demand in a market that requires the protection of critical infrastructure and equipment. While the company has a global presence and a solid reputation, it needs to navigate raw material price fluctuations and remain agile in an evolving market to maintain its growth trajectory. NTIC would also benefit from a strategic acquisition of a smaller competitor.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- Industry Reports
- Market Analysis Reports
- Competitor Websites
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute financial advice. Market share data is estimated and may not be precise.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Northern Technologies
Exchange NASDAQ | Headquaters Circle Pines, MN, United States | ||
IPO Launch date 1993-09-13 | President, CEO & Director Mr. G. Patrick Lynch | ||
Sector Basic Materials | Industry Specialty Chemicals | Full time employees 262 | Website https://www.ntic.com |
Full time employees 262 | Website https://www.ntic.com |
Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions in North America, South America, Europe, the Middle East, China, Brazil, India, Rest of Asia, and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand. The company markets and sells a portfolio of bio-based and certified compostable polymer resin compounds under the Natur-Tec brand; and finished products, such as trash bags, agricultural film, and single-use disposable products under the Natur-Bag brand. In addition, it offers on-site and technical consulting for rust and corrosion prevention issues. It sells its products and services to automotive, electronics, electrical, mechanical, military, retail consumer, and oil and gas markets through direct sales force, network of independent distributors, agents, manufacturer's sales representatives, and joint venture and strategic partners. Northern Technologies International Corporation was founded in 1970 and is headquartered in Circle Pines, Minnesota.

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