NEW GOLD INC (NGD.CA) Stock Fundamental Analysis
Canada • Toronto Stock Exchange • TSX:NGD • CA6445351068
13.68 CAD
-2.65 (-16.23%)
Last: Jan 30, 2026, 07:00 PM
Taking everything into account, NGD scores 6 out of 10 in our fundamental rating. NGD was compared to 820 industry peers in the Metals & Mining industry. While NGD has a great profitability rating, there are quite some concerns on its financial health. NGD is evaluated to be cheap and growing strongly. This does not happen too often!
1. Profitability
1.1 Basic Checks
- NGD had positive earnings in the past year.
- In the past year NGD had a positive cash flow from operations.
- The reported net income has been mixed in the past 5 years: NGD reported negative net income in multiple years.
- NGD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- With an excellent Return On Assets value of 10.52%, NGD belongs to the best of the industry, outperforming 93.41% of the companies in the same industry.
- Looking at the Return On Equity, with a value of 20.11%, NGD belongs to the top of the industry, outperforming 95.73% of the companies in the same industry.
- With an excellent Return On Invested Capital value of 15.96%, NGD belongs to the best of the industry, outperforming 97.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.52% | ||
| ROE | 20.11% | ||
| ROIC | 15.96% |
ROA(3y)-0.23%
ROA(5y)0.29%
ROE(3y)-1.79%
ROE(5y)-0.14%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- Looking at the Profit Margin, with a value of 20.07%, NGD belongs to the top of the industry, outperforming 94.02% of the companies in the same industry.
- NGD's Profit Margin has declined in the last couple of years.
- With an excellent Operating Margin value of 36.13%, NGD belongs to the best of the industry, outperforming 95.61% of the companies in the same industry.
- NGD's Operating Margin has improved in the last couple of years.
- NGD's Gross Margin of 86.65% is amongst the best of the industry. NGD outperforms 99.39% of its industry peers.
- NGD's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 36.13% | ||
| PM (TTM) | 20.07% | ||
| GM | 86.65% |
OM growth 3Y2.5%
OM growth 5YN/A
PM growth 3Y-16.2%
PM growth 5YN/A
GM growth 3Y1.61%
GM growth 5Y2.32%
2. Health
2.1 Basic Checks
- NGD has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- Compared to 1 year ago, NGD has more shares outstanding
- NGD has more shares outstanding than it did 5 years ago.
- NGD has a worse debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 4.08 indicates that NGD is not in any danger for bankruptcy at the moment.
- NGD has a Altman-Z score of 4.08. This is comparable to the rest of the industry: NGD outperforms 52.20% of its industry peers.
- NGD has a debt to FCF ratio of 4.95. This is a neutral value as NGD would need 4.95 years to pay back of all of its debts.
- NGD has a better Debt to FCF ratio (4.95) than 90.98% of its industry peers.
- A Debt/Equity ratio of 0.32 indicates that NGD is not too dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.32, NGD is doing worse than 69.02% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 4.95 | ||
| Altman-Z | 4.08 |
ROIC/WACC1.63
WACC9.81%
2.3 Liquidity
- NGD has a Current Ratio of 0.88. This is a bad value and indicates that NGD is not financially healthy enough and could expect problems in meeting its short term obligations.
- The Current ratio of NGD (0.88) is worse than 62.20% of its industry peers.
- A Quick Ratio of 0.48 indicates that NGD may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.48, NGD is doing worse than 68.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.48 |
3. Growth
3.1 Past
- NGD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 309.09%, which is quite impressive.
- NGD shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.55% yearly.
- Looking at the last year, NGD shows a very strong growth in Revenue. The Revenue has grown by 44.19%.
- The Revenue has been growing slightly by 7.95% on average over the past years.
EPS 1Y (TTM)309.09%
EPS 3Y16.55%
EPS 5YN/A
EPS Q2Q%212.5%
Revenue 1Y (TTM)44.19%
Revenue growth 3Y7.44%
Revenue growth 5Y7.95%
Sales Q2Q%83.53%
3.2 Future
- NGD is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 32.56% yearly.
- The Revenue is expected to grow by 17.05% on average over the next years. This is quite good.
EPS Next Y226.54%
EPS Next 2Y147.86%
EPS Next 3Y77.1%
EPS Next 5Y32.56%
Revenue Next Year59.88%
Revenue Next 2Y58.66%
Revenue Next 3Y32.94%
Revenue Next 5Y17.05%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 22.43, the valuation of NGD can be described as rather expensive.
- Based on the Price/Earnings ratio, NGD is valued cheaply inside the industry as 92.80% of the companies are valued more expensively.
- NGD's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.32.
- Based on the Price/Forward Earnings ratio of 8.67, the valuation of NGD can be described as reasonable.
- NGD's Price/Forward Earnings ratio is rather cheap when compared to the industry. NGD is cheaper than 94.63% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 25.57. NGD is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.43 | ||
| Fwd PE | 8.67 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NGD indicates a rather cheap valuation: NGD is cheaper than 94.63% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, NGD is valued cheaply inside the industry as 91.46% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 99.73 | ||
| EV/EBITDA | 11.85 |
4.3 Compensation for Growth
- NGD's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- NGD has a very decent profitability rating, which may justify a higher PE ratio.
- NGD's earnings are expected to grow with 77.10% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.1
PEG (5Y)N/A
EPS Next 2Y147.86%
EPS Next 3Y77.1%
5. Dividend
5.1 Amount
- NGD does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
NEW GOLD INC / NGD.CA FAQ
What is the ChartMill fundamental rating of NEW GOLD INC (NGD.CA) stock?
ChartMill assigns a fundamental rating of 6 / 10 to NGD.CA.
Can you provide the valuation status for NEW GOLD INC?
ChartMill assigns a valuation rating of 8 / 10 to NEW GOLD INC (NGD.CA). This can be considered as Undervalued.
Can you provide the profitability details for NEW GOLD INC?
NEW GOLD INC (NGD.CA) has a profitability rating of 7 / 10.
What are the PE and PB ratios of NEW GOLD INC (NGD.CA) stock?
The Price/Earnings (PE) ratio for NEW GOLD INC (NGD.CA) is 22.43 and the Price/Book (PB) ratio is 6.46.
How financially healthy is NEW GOLD INC?
The financial health rating of NEW GOLD INC (NGD.CA) is 3 / 10.