NL Industries
Market Cap
US$309.3m
Last Updated
2021/03/07 00:18 UTC
Data Sources
Company Financials
Executive Summary
NL Industries, Inc., through its subsidiary, CompX International Inc., operates in the component products industry in the United States and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet and fair value.
Share Price & News
How has NL Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: NL's weekly volatility (10%) has been stable over the past year.
Market Performance
7 Day Return
13.0%
NL
2.9%
US Commercial Services
-0.4%
US Market
1 Year Return
105.2%
NL
13.1%
US Commercial Services
36.2%
US Market
Return vs Industry: NL exceeded the US Commercial Services industry which returned 13.1% over the past year.
Return vs Market: NL exceeded the US Market which returned 36.2% over the past year.
Shareholder returns
| NL | Industry | Market | |
|---|---|---|---|
| 7 Day | 13.0% | 2.9% | -0.4% |
| 30 Day | 32.1% | -0.5% | -2.3% |
| 90 Day | 22.4% | -0.5% | 5.0% |
| 1 Year | 111.3%105.2% | 14.5%13.1% | 39.1%36.2% |
| 3 Year | -25.3%-28.4% | 39.7%30.3% | 48.4%39.0% |
| 5 Year | 140.3%130.5% | 114.6%92.3% | 116.6%92.4% |
Long-Term Price Volatility Vs. Market
How volatile is NL Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Read This Before Buying NL Industries, Inc. (NYSE:NL) For Its Dividend1 month ago | Simply Wall St
Estimating The Fair Value Of NL Industries, Inc. (NYSE:NL)1 month ago | Simply Wall St
Are NL Industries's (NYSE:NL) Statutory Earnings A Good Guide To Its Underlying Profitability?Valuation
Is NL Industries undervalued compared to its fair value and its price relative to the market?
18.55x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NL ($6.34) is trading above our estimate of fair value ($4.59)
Significantly Below Fair Value: NL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NL is good value based on its PE Ratio (18.5x) compared to the US Commercial Services industry average (32.3x).
PE vs Market: NL is good value based on its PE Ratio (18.5x) compared to the US market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NL is good value based on its PB Ratio (1x) compared to the US Commercial Services industry average (2.4x).
Next Steps
Future Growth
How is NL Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
23.2%
Forecasted Commercial Services industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as NL Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether NL Industries is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- NL Industries competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Commercial Services industry.
Past Performance
How has NL Industries performed over the past 5 years?
7.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NL has a large one-off loss of $10.6M impacting its September 30 2020 financial results.
Growing Profit Margin: NL's current net profit margins (14.6%) are lower than last year (18.3%).
Past Earnings Growth Analysis
Earnings Trend: NL has become profitable over the past 5 years, growing earnings by 7.8% per year.
Accelerating Growth: NL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NL had negative earnings growth (-25.3%) over the past year, making it difficult to compare to the Commercial Services industry average (-10.4%).
Return on Equity
High ROE: NL's Return on Equity (5.5%) is considered low.
Next Steps
Financial Health
How is NL Industries's financial position?
Financial Position Analysis
Short Term Liabilities: NL's short term assets ($164.8M) exceed its short term liabilities ($27.4M).
Long Term Liabilities: NL's short term assets ($164.8M) do not cover its long term liabilities ($183.2M).
Debt to Equity History and Analysis
Debt Level: NL's debt to equity ratio (0.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if NL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: NL's debt is well covered by operating cash flow (3837.4%).
Interest Coverage: NL earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is NL Industries's current dividend yield, its reliability and sustainability?
3.79%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: NL's dividend (3.79%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: NL's dividend (3.79%) is in the top 25% of dividend payers in the US market (3.64%)
Stability and Growth of Payments
Stable Dividend: NL's dividend payments have been volatile in the past 10 years.
Growing Dividend: NL's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (35.1%), NL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Robert Graham (64 yo)
7.08yrs
Tenure
US$5,660,000
Compensation
Mr. Robert D. Graham has served as a Vice Chairman of the Board of CompX International Inc. since May 2018. He is has been Chief Executive Officer of NL Industries, Inc. since February 2014 and its Vice Ch...
CEO Compensation Analysis
Compensation vs Market: Robert's total compensation ($USD5.66M) is above average for companies of similar size in the US market ($USD1.49M).
Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vice Chairman & CEO | 7.08yrs | US$5.66m | 0.013% $ 41.2k | |
| President | 3.83yrs | US$802.00k | no data | |
| VP & CFO | 1.75yrs | US$432.00k | no data | |
| Executive Vice President | 4.17yrs | US$1.95m | no data | |
| VP & General Counsel | 3.83yrs | no data | no data | |
| VP, Secretary & Associate General Counsel | 3.83yrs | no data | no data | |
| VP & Treasurer | 3.58yrs | no data | 0.0021% $ 6.3k | |
| VP & Controller | 1.75yrs | no data | no data |
3.8yrs
Average Tenure
52.5yo
Average Age
Experienced Management: NL's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vice Chairman & CEO | 7.08yrs | US$5.66m | 0.013% $ 41.2k | |
| Independent Director | 21.17yrs | US$108.95k | 0.027% $ 85.0k | |
| Independent Director | 3yrs | US$98.95k | 0.030% $ 91.3k | |
| Independent Director | 17.42yrs | US$101.45k | 0.060% $ 186.4k | |
| Independent Director | 4.83yrs | US$98.95k | 0.037% $ 113.5k | |
| Independent Chair of the Board | 3.83yrs | US$103.95k | 0.043% $ 132.5k |
6.0yrs
Average Tenure
64yo
Average Age
Experienced Board: NL's board of directors are considered experienced (6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
NL Industries, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: NL Industries, Inc.
- Ticker: NL
- Exchange: NYSE
- Founded: 1891
- Industry: Office Services and Supplies
- Sector: Commercial Services
- Market Cap: US$309.322m
- Shares outstanding: 48.79m
- Website: https://www.nl-ind.com
Number of Employees
Location
- NL Industries, Inc.
- Three Lincoln Center
- Suite 1700
- Dallas
- Texas
- 75240-2620
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NL | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1968 |
Biography
NL Industries, Inc., through its subsidiary, CompX International Inc., operates in the component products industry in the United States and internationally. The company manufactures and sells mechanical an...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/07 00:18 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.