A Business at a Glance
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NATURAL ALTERNATIVES INTERNATIONAL INC
NAII
$14M
Mkt Cap
$2.40
+3.45%
NATURAL ALTERNATIVES INTERNATIONAL INC (NAII) has a 5-year average return on invested capital (ROIC) of 4.9%. This is below average and may indicate limited pricing power.
NATURAL ALTERNATIVES INTERNATIONAL INC (NAII) has a market capitalization of $15M. It is classified as a small-cap stock.
NATURAL ALTERNATIVES INTERNATIONAL INC (NAII) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 1.18%.
NATURAL ALTERNATIVES INTERNATIONAL INC (NAII) operates in the Medicinal Chemicals & Botanical Products industry, within the Healthcare sector.
NATURAL ALTERNATIVES INTERNATIONAL INC (NAII) generated $2 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
NATURAL ALTERNATIVES INTERNATIONAL INC (NAII) has a debt-to-equity ratio of 0.00. This indicates a conservatively financed balance sheet.
ITEM 1. BUSINESS Our vision is to enrich the world through the best of nutrition. We are a leading formulator, manufacturer and marketer of nutritional supplements. Our comprehensive strategic partnerships with our customers allow us to offer a wide range of innovative nutritional products and services to such customers including: scientific research, clinical studies, proprietary ingredients, customer-specific nutritional product formulation, product testing and evaluation, marketing management and support, packaging and delivery system design, regulatory review, and international product registration assistance. As our primary business activity, we provide private-label contract manufacturing services to companies that market and distribute vitamins, minerals, herbal and other nutritional supplements, as well as other health care products, to consumers both within and outside the U.S.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 135M | - | - | - | - | - |
| Net Income | -12M | -14M | -7.2M | 2.5M | 11M | 11M |
| EPS | $-1.98 | $-2.28 | $-0.62 | $0.43 | $1.74 | $1.69 |
| Free Cash Flow | -5.2M | 2.3M | -4.5M | -6.5M | -15M | 16M |
| ROIC | -6.2% | -18.0% | -8.4% | 4.7% | 18.7% | 27.3% |
| Gross Margin | 9.1% | - | - | - | - | - |
| Debt/Equity | 0.13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -5.6M | -8.7M | -8.5M | 4.7M | 14M | 14M |
| Operating Margin | -4.1% | - | - | - | - | - |
| ROE | -18.3% | -18.0% | -8.4% | 2.8% | 12.7% | 14.2% |
| Shares Outstanding | 6M | 6M | 12M | 6M | 6M | 6M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 74M | 80M | 114M | 122M | 132M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 135M |
| Gross Margin | 17.2% | 18.0% | 22.1% | 21.5% | 19.9% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 9.1% |
| R&D | 1.0M | 1.1M | 1.1M | 1.6M | 1.5M | 1.8M | 1.8M | 1.9M | 2.5M | 2.1M | 1.9M | 1.8M | 1.8M |
| SG&A | 10.0M | 10M | 13M | 17M | 17M | 18M | 17M | 17M | 17M | 15M | 15M | 17M | 16M |
| EBIT | 2.8M | 4.2M | 12M | 9.7M | 9.5M | 6.0M | -1.5M | 14M | 14M | 4.7M | -8.5M | -8.7M | -5.6M |
| Op. Margin | 3.8% | 5.2% | 10.7% | 8.0% | 7.2% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -4.1% |
| Net Income | 2.0M | 3.3M | 9.5M | 7.2M | 5.1M | 6.5M | -1.6M | 11M | 11M | 2.5M | -7.2M | -14M | -12M |
| Net Margin | 2.7% | 4.2% | 8.4% | 5.9% | 3.8% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -9.1% |
| Non-Recurring | 23K | 62K | 1.9M | 24K | 9K | -48K | -109K | 68K | 9K | 51K | 0 | -49K | -49K |
| Returns on Capital | |||||||||||||
| ROIC | 8.9% | 13.4% | 29.1% | 20.6% | 14.7% | 10.2% | -2.2% | 27.3% | 18.7% | 4.7% | -8.4% | -18.0% | -6.2% |
| ROE | 4.8% | 7.8% | 19.6% | 12.6% | 7.8% | 9.1% | -2.2% | 14.2% | 12.7% | 2.8% | -8.4% | -18.0% | -18.3% |
| ROA | 4.0% | 6.3% | 14.9% | 9.9% | 6.4% | 7.3% | -1.5% | 9.0% | 8.0% | 1.8% | -4.9% | -8.6% | -8.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 5.3M | 2.7M | 9.3M | 14M | 1.8M | 6.6M | 3.7M | 21M | 12M | 7.0M | -1.5M | 5.9M | -1.0M |
| Free Cash Flow | 2.7M | 970K | -1.2M | 8.8M | -2.2M | 1.2M | -850K | 16M | -15M | -6.5M | -4.5M | 2.3M | -5.2M |
| Owner Earnings | 2.2M | -143K | 6.8M | 11M | -2.4M | 1.4M | -2.0M | 15M | 6.7M | 1.8M | -7.3M | 395K | -6.4M |
| CapEx | 2.7M | 1.7M | 10M | 5.4M | 4.1M | 5.3M | 4.5M | 5.1M | 26M | 14M | 3.0M | 3.6M | 4.2M |
| Maint. CapEx | 2.9M | 2.4M | 1.8M | 2.4M | 2.9M | 3.5M | 4.0M | 4.3M | 4.2M | 4.3M | 4.6M | 4.6M | 4.6M |
| Growth CapEx | 0 | 0 | 8.7M | 3.0M | 1.2M | 1.9M | 582K | 769K | 22M | 9.3M | 0 | 0 | 0 |
| D&A | 2.9M | 2.4M | 1.8M | 2.4M | 2.9M | 3.5M | 4.0M | 4.3M | 4.2M | 4.3M | 4.6M | 4.6M | 4.6M |
| CapEx/OCF | 50.1% | 63.8% | 112.5% | 37.9% | 222.6% | 81.2% | 123.0% | 24.5% | 223.2% | 192.7% | N/A | 60.9% | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 60K | 2.0M | 648K | 712K | 510K | 1.4M | 3.7M | 4.1M | 5.5M | 1.5M | 221K | 178K | 175K |
| Buyback Yield | 0.2% | 5.1% | 0.9% | 1.0% | 0.7% | 1.6% | 7.7% | 4.5% | 8.8% | 3.6% | 0.6% | 0.9% | 1.2% |
| Stock-Based Comp | 235K | 390K | 724K | 1.0M | 1.3M | 1.7M | 1.7M | 1.4M | 968K | 1.0M | 1.2M | 977K | 779K |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 205K | 278K | 288K | 296K | 296K |
| Balance Sheet | |||||||||||||
| Net Debt | -20M | -19M | -20M | -28M | -24M | -25M | N/A | -32M | -22M | -13M | -12M | -12M | 4.7M |
| Cash & Equiv. | 20M | 19M | 20M | 28M | 24M | 25M | 30M | 32M | 22M | 14M | 12M | 12M | 3.8M |
| Long-Term Debt | N/A | N/A | 0 | 0 | 0 | 0 | N/A | N/A | N/A | N/A | N/A | N/A | 152K |
| Debt/Equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.68 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.13 |
| Interest Coverage | 252.5 | 346.6 | 6129.0 | 3234.0 | 1059.2 | 205.6 | -22.5 | 115.9 | 164.8 | 10.5 | -23.6 | -9.5 | -9.5 |
| Equity | 42M | 44M | 54M | 61M | 68M | 76M | 71M | 80M | 89M | 89M | 83M | 68M | 67M |
| Total Assets | 52M | 54M | 74M | 73M | 85M | 93M | 120M | 120M | 146M | 134M | 162M | 152M | 153M |
| Total Liabilities | 9.8M | 10.0M | 20M | 11M | 17M | 17M | 49M | 40M | 57M | 45M | 80M | 84M | 86M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 26M | 29M | 39M | 46M | 51M | 57M | 56M | 67M | 78M | 80M | 73M | 59M | 57M |
| Working Capital | 31M | 35M | 37M | 41M | 51M | 57M | 51M | 58M | 53M | 41M | 38M | 30M | 29M |
| Current Assets | 41M | 44M | 56M | 52M | 65M | 71M | 79M | 80M | 77M | 57M | 62M | 59M | 62M |
| Current Liabilities | 9.6M | 9.1M | 19M | 10M | 14M | 14M | 28M | 22M | 24M | 16M | 23M | 29M | 33M |
| Per Share Data | |||||||||||||
| EPS | 0.29 | 0.49 | 1.44 | 1.09 | 0.73 | 0.92 | -0.25 | 1.69 | 1.74 | 0.43 | -0.62 | -2.28 | -1.98 |
| Owner EPS | 0.32 | -0.02 | 1.02 | 1.62 | -0.35 | 0.20 | -0.30 | 2.36 | 1.09 | 0.30 | -0.63 | 0.07 | -1.04 |
| Book Value | 6.17 | 6.42 | 8.10 | 9.21 | 9.86 | 10.70 | 10.85 | 12.57 | 14.38 | 15.14 | 7.04 | 11.49 | 10.85 |
| Cash Flow/Share | 0.78 | 0.39 | 1.40 | 2.13 | 0.26 | 0.92 | 0.56 | 3.27 | 1.93 | 1.20 | -0.13 | 1.00 | -1.23 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 6.9M | 6.8M | 6.6M | 6.6M | 6.9M | 7.1M | 6.6M | 6.4M | 6.2M | 5.9M | 11.7M | 6.0M | 6.2M |
| Valuation | |||||||||||||
| P/E Ratio | 18.7 | 11.8 | 7.5 | 9.4 | 13.8 | 12.7 | N/A | 8.6 | 5.9 | 16.6 | N/A | N/A | -1.2 |
| P/FCF | 14.0 | 40.7 | N/A | 7.7 | N/A | 67.0 | N/A | 5.9 | N/A | N/A | N/A | 8.3 | N/A |
| EV/EBIT | N/A | N/A | 2.6 | 1.3 | 2.4 | 5.5 | N/A | 2.0 | 2.1 | 5.2 | N/A | N/A | N/A |
| Price/Book | 0.9 | 0.9 | 1.3 | 1.1 | 1.0 | 1.1 | 0.7 | 1.2 | 0.7 | 0.5 | 0.4 | 0.3 | 0.2 |
| Price/Sales | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 | 0.5 | 0.4 | 0.5 | 0.3 | 0.3 | 0.2 | 0.1 |
| FCF Yield | 7.2% | 2.5% | -1.6% | 12.9% | -3.2% | 1.5% | -1.7% | 17.0% | -23.3% | -15.5% | -12.8% | 12.1% | -35.3% |
| Market Cap | 37M | 39M | 71M | 68M | 70M | 83M | 49M | 92M | 63M | 42M | 35M | 19M | 15M |
| Avg. Price | 5.42 | 5.53 | 8.82 | 10.85 | 10.63 | 10.81 | 8.27 | 11.41 | 13.08 | 9.03 | 6.41 | 4.40 | 2.40 |
| Year-End Price | 5.42 | 5.78 | 10.73 | 10.25 | 10.10 | 11.66 | 7.40 | 14.46 | 10.21 | 7.15 | 6.02 | 3.22 | 2.40 |
NATURAL ALTERNATIVES INTERNATIONAL INC passes 1 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average ROIC is 4.9%. Total shareholder yield (buybacks) is 1.2%. At current prices, the estimated annualized return to fair value is +14.0%.
NATURAL ALTERNATIVES INTERNATIONAL INC (NAII) reported earnings per share (EPS) of $-2.28 in its most recent fiscal year.
NATURAL ALTERNATIVES INTERNATIONAL INC (NAII) has a return on equity (ROE) of -18.0%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 15 years of financial data for NATURAL ALTERNATIVES INTERNATIONAL INC (NAII), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NATURAL ALTERNATIVES INTERNATIONAL INC (NAII) has a book value per share of $11.49, based on its most recent annual SEC filing.