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NEXTSOURCE MATERIALS INC (NEXT.CA) Stock Fundamental Analysis

Canada - Toronto Stock Exchange - TSX:NEXT - CA65343M2094 - Common Stock

0.425 CAD
-0.01 (-1.16%)
Last: 12/10/2025, 7:00:00 PM
Fundamental Rating

0

Overall NEXT gets a fundamental rating of 0 out of 10. We evaluated NEXT against 803 industry peers in the Metals & Mining industry. NEXT has a bad profitability rating. Also its financial health evaluation is rather negative. NEXT does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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1. Profitability

1.1 Basic Checks

In the past year NEXT has reported negative net income.
NEXT had a negative operating cash flow in the past year.
In the past 5 years NEXT reported 4 times negative net income.
In the past 5 years NEXT always reported negative operating cash flow.
NEXT.CA Yearly Net Income VS EBIT VS OCF VS FCFNEXT.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10M -10M -20M -30M -40M

1.2 Ratios

NEXT has a Return On Assets (-33.10%) which is in line with its industry peers.
With a Return On Equity value of -81.78%, NEXT is not doing good in the industry: 63.76% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -33.1%
ROE -81.78%
ROIC N/A
ROA(3y)-19.79%
ROA(5y)-32.04%
ROE(3y)-40.1%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
NEXT.CA Yearly ROA, ROE, ROICNEXT.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1K -1K 2K -2K

1.3 Margins

NEXT does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
NEXT.CA Yearly Profit, Operating, Gross MarginsNEXT.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 -1K -2K -3K

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2. Health

2.1 Basic Checks

NEXT does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, NEXT has more shares outstanding
Compared to 5 years ago, NEXT has more shares outstanding
NEXT has a worse debt/assets ratio than last year.
NEXT.CA Yearly Shares OutstandingNEXT.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
NEXT.CA Yearly Total Debt VS Total AssetsNEXT.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M

2.2 Solvency

Based on the Altman-Z score of -3.05, we must say that NEXT is in the distress zone and has some risk of bankruptcy.
NEXT has a Altman-Z score of -3.05. This is in the lower half of the industry: NEXT underperforms 66.50% of its industry peers.
NEXT has a Debt/Equity ratio of 1.12. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of NEXT (1.12) is worse than 75.59% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.12
Debt/FCF N/A
Altman-Z -3.05
ROIC/WACCN/A
WACC8.98%
NEXT.CA Yearly LT Debt VS Equity VS FCFNEXT.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M -20M 40M

2.3 Liquidity

A Current Ratio of 0.40 indicates that NEXT may have some problems paying its short term obligations.
NEXT has a worse Current ratio (0.40) than 74.47% of its industry peers.
A Quick Ratio of 0.19 indicates that NEXT may have some problems paying its short term obligations.
NEXT has a Quick ratio of 0.19. This is in the lower half of the industry: NEXT underperforms 79.83% of its industry peers.
Industry RankSector Rank
Current Ratio 0.4
Quick Ratio 0.19
NEXT.CA Yearly Current Assets VS Current LiabilitesNEXT.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M

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3. Growth

3.1 Past

The earnings per share for NEXT have decreased strongly by -154.24% in the last year.
EPS 1Y (TTM)-154.24%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-95%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A

3.2 Future

NEXT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.87% yearly.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y0%
EPS Next 2Y26.49%
EPS Next 3Y11.87%
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
NEXT.CA Yearly Revenue VS EstimatesNEXT.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2023 2025 2026 2027 2028 10M 20M 30M
NEXT.CA Yearly EPS VS EstimatesNEXT.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2022 2023 2024 2025 2026 2027 2028 -0.1 -0.2 -0.3 -0.4

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4. Valuation

4.1 Price/Earnings Ratio

NEXT reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year NEXT is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
NEXT.CA Price Earnings VS Forward Price EarningsNEXT.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
NEXT.CA Per share dataNEXT.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.1 -0.1 0.2 -0.2

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y26.49%
EPS Next 3Y11.87%

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5. Dividend

5.1 Amount

NEXT does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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NEXTSOURCE MATERIALS INC

TSX:NEXT (12/10/2025, 7:00:00 PM)

0.425

-0.01 (-1.16%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-17 2025-11-17
Earnings (Next)02-12 2026-02-12
Inst Owners0.02%
Inst Owner ChangeN/A
Ins Owners1.11%
Ins Owner ChangeN/A
Market Cap78.59M
Revenue(TTM)1.14M
Net Income(TTM)-27.66M
Analysts80
Price Target1.33 (212.94%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-10.34%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-150%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-96.43%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 49.97
P/FCF N/A
P/OCF N/A
P/B 1.68
P/tB 1.68
EV/EBITDA N/A
EPS(TTM)-0.21
EYN/A
EPS(NY)-0.03
Fwd EYN/A
FCF(TTM)-0.21
FCFYN/A
OCF(TTM)-0.17
OCFYN/A
SpS0.01
BVpS0.25
TBVpS0.25
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -33.1%
ROE -81.78%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-19.79%
ROA(5y)-32.04%
ROE(3y)-40.1%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.01
Health
Industry RankSector Rank
Debt/Equity 1.12
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 1035.59%
Cap/Sales 485.52%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.4
Quick Ratio 0.19
Altman-Z -3.05
F-Score4
WACC8.98%
ROIC/WACCN/A
Cap/Depr(3y)3682.14%
Cap/Depr(5y)17349.3%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-154.24%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-95%
EPS Next Y0%
EPS Next 2Y26.49%
EPS Next 3Y11.87%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-18.66%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year8.33%
EBIT Next 3Y14.47%
EBIT Next 5YN/A
FCF growth 1Y-60.37%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-312.48%
OCF growth 3YN/A
OCF growth 5YN/A

NEXTSOURCE MATERIALS INC / NEXT.CA FAQ

What is the ChartMill fundamental rating of NEXTSOURCE MATERIALS INC (NEXT.CA) stock?

ChartMill assigns a fundamental rating of 0 / 10 to NEXT.CA.


What is the valuation status for NEXT stock?

ChartMill assigns a valuation rating of 0 / 10 to NEXTSOURCE MATERIALS INC (NEXT.CA). This can be considered as Overvalued.


How profitable is NEXTSOURCE MATERIALS INC (NEXT.CA) stock?

NEXTSOURCE MATERIALS INC (NEXT.CA) has a profitability rating of 0 / 10.


What is the financial health of NEXTSOURCE MATERIALS INC (NEXT.CA) stock?

The financial health rating of NEXTSOURCE MATERIALS INC (NEXT.CA) is 0 / 10.