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Northann Corp.

NCL

$0.16 0.00 (0.00%) at close

4 Visible periods

28 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

Northann Corp. faces fundamental challenges with weakness in Return on Common Equity (%) and Profit Margin (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $4.2M

Dividend Yield —

Revenue Growth 9.9% ↗

Op. Margin -10.9% ↗

ROIC -64.4% ↗

FCF / Share $-0.05 ↗

Trailing P/E —

Price / Book 3.4x

FCF Yield —

Debt / Equity 1.81

info Valuation on last close. End-of-day price, Jun 24, 2026.

4-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$15.35M

↑ +9.9% —

Net Income Profit after all expenses

$-4.38M

↑ +38.6% —

Operating Margin Operating profit as % of sales

-10.9%

↑ +68.0% 16th

FCF / Share Free cash flow per share

$-0.05

↑ +79.6% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)
Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile
Return on Common Equity (%)Return on Common Equity (%) is in the bottom quartile

Health Breakdown

Profitability ↑

Returns

Financial Health ↓

Cash Quality

Financial view

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📈 Is growth accelerating? 4 metrics

Metric	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Revenue Growth YoY (%)	9.9% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+97%)	-33.3% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-767%)	—	—
EPS Growth YoY (%)	51.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	—	—
Net Income Growth YoY (%)	38.6% Excellent Excellent Year-over-year change in net income	N/M	—	—
FCF Growth YoY (%)	79.6% Excellent Excellent Year-over-year change in free cash flow	-34.5% Weak Weak Year-over-year change in free cash flow	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Operating Margin (%) (%)	-10.9% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-191%)	-34.1% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-384%)	9.9% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-17%)	—
Effective Tax Rate (%) (%)	-0.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.2% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	12.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	-28.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-457%)	-51.1% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-738%)	4.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-45%)	—
FCF Margin (%) (%)	-8.0% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-33.5% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-16.4% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	0.28x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.66x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	-3.69x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Return on Invested Capital (%)	-64.4% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-819.3% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	92.6% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-12.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-35.0% Weak Weak Operating profit relative to total assets Optimal: > 10%	14.4% Good Good Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	-168.5% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1223%)	—	47.1% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+214%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Debt to Equity (x)	1.81x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+158%)	9.77x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+1295%)	2.78x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+297%)	—
Interest Coverage (x)	-6.80x Weak → Weak Stable Operating income divided by interest expense Optimal: > 5x	-18.66x Weak Weak Operating income divided by interest expense Optimal: > 5x	5.66x Good Good Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$4.70M	$5.69M	$5.49M	—
Debt / EBITDA (x)	-4.57x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-1.39x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.05x Fair Fair Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—

📊 What does each share earn? 6 metrics

Metric	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Revenue per Share (USD)	$0.58	$0.69	$1.05	—
Basic EPS, GAAP (USD)	$-0.17	$-0.35	$0.05	—
Free Cash Flow per Share (USD)	$-0.05	$-0.23	$-0.17	—
Book Value per Share (USD)	$0.05	$0.03	$0.10	—
Tangible Book Value per Share (USD)	$0.03	$-0.02	$0.10	—
Basic Weighted Avg Shares (shares)	26.27M	20.28M	20.00M	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Working Capital (USD)	$-3.76M	$-6.05M	$-5.39M	—
Total Equity (USD)	$2.60M	$582.61K	$1.97M	$-403.00K

📋 What is driving earnings? 4 metrics

Metric	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗
Sales/Revenue/Turnover (USD)	$15.35M	$13.97M	$20.96M	—
Depreciation Expense (USD)	$645.49K	$680.17K	$598.14K	—
Net Income, GAAP (USD)	$-4.38M	$-7.13M	$929.06K	—
Operating Cash Flow (USD)	$-1.23M	$-4.68M	$-3.43M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 4 years · 18 quarters

Northann Corp.

Analytical Summary

4-Year Financial Trajectory

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Bearish Risks

Health Breakdown

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