No profit over the last year, so this compares value with sales instead
Dividend yield
4.6%
Yearly dividend as a share of today's price
Cash vs value
3%
Cash as a share of company value
Debt vs value
25%
Debt as a share of company value
From NAT's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 7 quarters, from SEC filings
Profit, Dec '18 (worked out from yearly totals)
-$10.5M
Dec '10Tap a barDec '18
Last 12 months: -$239.0M.
What the price assumes
Your guesses, our math
Move the sliders to your own view of NAT. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$238M
Profit in 5 years$24M
Price these guesses point to$1.53-81% vs $7.91 todayAbout -28% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 33% a year for 5 years just to match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.2.6%
MissDebt under half of equityNot relying on borrowed money.0.95x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.4.2%
MissProfitable every yearSteady profits, not one good year.5 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$19.8M
MissShare count not growingNot diluting owners. Falling means buybacks.+4.8% in 3 years
Revenue
$291.7M
-16.6% vs prior year
5-year growth
-3.8%/yr
revenue, per year
Total debt
$424.1M
0.95x equity
Current ratio
2.24x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Dec 31, 2018
Revenue
$86.2M
+18.7% YoY
EPS
-$0.07
vs -$1.44
Op. margin
6.3%
+204.1 pts
Gross margin
51.3%
+0.7 pts
Free cash flow
$9.3M
Share count
0.0%
vs a year ago
Some values are worked out from year-to-date totals in the annual report.
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trend
No trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
0.3
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.5%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.9x · $424.1M debt
Shares outstandingLatest reported
212M
Why low risk
Revenue down 16.6% from the year before
Earnings reports
Last 0
Next reportNot enough history
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.