Nl Industries Inc

Industrials
Major Chemicals
www.nl-ind.com

Earnings Score
Moat Score

Market Cap $392.31M
PE 7
Debt $NaN
Cash $145.96M
EV $NaN
FCF $36.37M

Earnings

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Sales & Net Margins

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Earnings	$58.27M
EBIT	$67.77M
ROE	14%
ROA	12%
FCF	$36.37M
Equity	$404.93M
Growth Stability	-114%
PE	6.73
PEG	1.15
PB	0.97
P/FCF	10.79
P/S	2.6
Price/Cash	0.37
Net Margins	47%
Gross Margins	29%
Op. Margins	45%
Earnings CAGR	5%
Sales Growth YoY	-17%
Sales Growth QoQ	-6%
Sales CAGR	5%
FCF CAGR	3%
Equity CAGR	9%
Earnings Stability	0.02
Earnings Growth YoY	-52K%
Earnings Growth QoQ	360%

Earnings CAGR 5Y	6%
Sales CAGR 5Y	8%
FCF CAGR 5Y	16%
Equity CAGR 5Y	5%
Earnings CAGR 3Y	2%
Sales CAGR 3Y	2%
FCF CAGR 3Y	57%
Equity CAGR 3Y	-0%
Market Cap	$392.31M
Revenue	$150.69M
Dividend Yield	9%
Payout Ratio	62%
Assets	$585.65M
Cash	$145.96M
Shares Outstanding	48.73M
Earnings Score	6%
Moat Score	95%
Working Capital	192.01M
Current Ratio	6.72
Gross Profit	$43.92M
Shares Growth 3y	0%
Equity Growth QoQ	2%
Equity Growth YoY	5%

Assets & ROA

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Stockholders Equity & ROE

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NL Industries Inc operates in the component products industry through its majority-owned subsidiary, CompX International Inc. It manufactures engineered components that are sold to a range of industries, including recreational transportation, postal, office and institutional furniture, cabinetry, tool storage, healthcare, gas stations and vending equipment. CompX has three production facilities in the United States, through which it produces a precision ball bearing slide, security products, and ergonomic computer support systems. The company derives most of its revenue from Europe.

SEC Filings

Direct access to Nl Industries Inc (NL) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Nl Industries Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Nl Industries Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 5%

Stability 2%

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Nl Industries Inc Discounted Cash Flow

Fully customizable DCF calculator online for Nl Industries Inc.

Years

Calculation mode

= $454M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$36M	$38M	$39M	$40M	$41M	$43M	$44M	$46M	$47M	$49M	$50M	$501M
DCF		$34M	$32M	$30M	$28M	$27M	$25M	$23M	$22M	$21M	$19M	$193M
Value	$454M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	27%	-22%	14%	104%	-35%	21%	13%	36%	20%	-1%	47%
ROA	-	0%	4%	20%	-10%	5%	2%	10%	6%	2%	12%
ROE	-	-14%	8%	33%	-14%	8%	4%	13%	8%	-1%	14%

Good Net Margins (47.14%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	100%	-114%	86%	44%	-	100%	-7%	-114%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (-114%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	5%	-0%	3%	6%	5%	-8%	23%	18%	-3%	8%
Earnings YoY growth	-	-184%	-164%	658%	-135%	-163%	-43%	249%	-34%	-107%	6%
Equity YoY growth	-	-34%	18%	82%	-14%	8%	2%	15%	5%	-3%	5%
FCF YoY growth	-	15%	3%	-35%	-12%	74%	-29%	-22%	72%	54%	16%