Financials Northern Trust Corporation

Equities

NTRS

US6658591044

Investment Management & Fund Operators

Market Closed - Nasdaq 04:00:00 2024-05-21 pm EDT 5-day change 1st Jan Change
84.6 USD +0.17% Intraday chart for Northern Trust Corporation -1.95% +0.26%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 22,510 19,384 24,838 18,443 17,470 17,308 - -
Enterprise Value (EV) 1 31,913 26,108 31,361 31,520 33,172 31,034 31,509 29,745
P/E ratio 16 x 17.1 x 16.8 x 14.4 x 16.6 x 13.8 x 12 x 10.6 x
Yield 2.45% 3.01% 2.34% 3.28% 3.56% 3.64% 3.82% 3.99%
Capitalization / Revenue 3.69 x 3.16 x 3.82 x 2.71 x 2.56 x 2.38 x 2.29 x 2.21 x
EV / Revenue 5.23 x 4.26 x 4.82 x 4.63 x 4.86 x 4.27 x 4.18 x 3.79 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 2.27 x 1.8 x 2.23 x 1.78 x 1.57 x 1.46 x 1.39 x 1.34 x
Nbr of stocks (in thousands) 211,882 208,121 207,661 208,416 207,036 204,592 - -
Reference price 2 106.2 93.14 119.6 88.49 84.38 84.60 84.60 84.60
Announcement Date 1/22/20 1/21/21 1/20/22 1/19/23 1/18/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,106 6,135 6,500 6,807 6,831 7,269 7,546 7,845
EBITDA - - - - - - - -
EBIT 1 1,962 1,787 1,964 1,824 1,547 1,783 1,949 2,161
Operating Margin 32.14% 29.13% 30.22% 26.8% 22.64% 24.53% 25.83% 27.55%
Earnings before Tax (EBT) 1 1,944 1,628 2,010 1,766 1,465 1,789 1,931 2,066
Net income 1 1,429 1,209 1,491 1,282 1,054 1,255 1,415 1,546
Net margin 23.4% 19.71% 22.93% 18.84% 15.43% 17.27% 18.75% 19.71%
EPS 2 6.630 5.460 7.140 6.140 5.080 6.110 7.059 7.952
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 2.600 2.800 2.800 2.900 3.000 3.077 3.234 3.374
Announcement Date 1/22/20 1/21/21 1/20/22 1/19/23 1/18/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 1,677 1,725 1,780 1,767 1,534 1,758 1,770 1,740 1,563 1,654 1,835 1,834 1,844 1,844 1,869
EBITDA - - - - - - - - - - - - - - -
EBIT 1 508.1 519.5 556.2 537.3 210.9 459 425.2 461.5 174.8 289.4 491.5 502.3 490 452 478
Operating Margin 30.3% 30.11% 31.25% 30.41% 13.74% 26.11% 24.02% 26.53% 11.18% 17.5% 26.79% 27.4% 26.57% 24.51% 25.57%
Earnings before Tax (EBT) 1 509.6 510.8 540.6 524.5 190.4 444 440.7 434.3 145.8 290.6 483.1 484.3 479.5 435.5 473
Net income 1 398.7 370 388.3 375.4 148.7 315.2 323.7 308.5 106.5 196.1 353 344.5 352.5 312.3 342.7
Net margin 23.77% 21.44% 21.82% 21.24% 9.69% 17.93% 18.29% 17.73% 6.81% 11.86% 19.24% 18.79% 19.11% 16.93% 18.33%
EPS 2 1.910 1.770 1.860 1.800 0.7100 1.510 1.560 1.490 0.5200 0.9600 1.730 1.679 1.738 1.557 1.719
Dividend per Share 2 0.7000 0.7000 0.7000 0.7500 0.7500 0.7500 0.7500 0.7500 0.7500 0.7500 0.7550 0.7820 0.7820 0.7867 0.7867
Announcement Date 1/20/22 4/26/22 7/20/22 10/19/22 1/19/23 4/25/23 7/19/23 10/18/23 1/18/24 4/16/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 9,403 6,723 6,523 13,078 15,702 13,726 14,200 12,437
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 14.9% 11.2% 13.9% 12.7% 10% 12.3% 12.1% 12.8%
ROA (Net income/ Total Assets) 1.27% 0.88% 0.99% 0.88% 0.78% 0.97% 0.97% 1%
Assets 1 112,512 137,420 150,566 145,727 135,115 130,036 146,410 154,632
Book Value Per Share 2 46.80 51.90 53.60 49.80 53.70 58.10 60.80 63.30
Cash Flow per Share - 8.900 9.160 8.730 - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 1/22/20 1/21/21 1/20/22 1/19/23 1/18/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
16
Last Close Price
84.6 USD
Average target price
91.93 USD
Spread / Average Target
+8.67%
Consensus
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