NEW GOLD INC (NGD.CA) Stock Fundamental Analysis

TSX:NGD • CA6445351068

16.61 CAD
-0.08 (-0.48%)
Last: Feb 23, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to NGD. NGD was compared to 802 industry peers in the Metals & Mining industry. NGD scores excellent on profitability, but there are concerns on its financial health. NGD is evaluated to be cheap and growing strongly. This does not happen too often!


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year NGD was profitable.
  • In the past year NGD had a positive cash flow from operations.
  • In multiple years NGD reported negative net income over the last 5 years.
  • In the past 5 years NGD always reported a positive cash flow from operatings.
NGD.CA Yearly Net Income VS EBIT VS OCF VS FCFNGD.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -500M -1B

1.2 Ratios

  • The Return On Assets of NGD (10.52%) is better than 93.64% of its industry peers.
  • NGD has a better Return On Equity (20.11%) than 95.76% of its industry peers.
  • NGD has a better Return On Invested Capital (15.96%) than 97.01% of its industry peers.
Industry RankSector 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
NGD.CA Yearly ROA, ROE, ROICNGD.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100

1.3 Margins

  • NGD's Profit Margin of 20.07% is amongst the best of the industry. NGD outperforms 93.77% of its industry peers.
  • In the last couple of years the Profit Margin of NGD has declined.
  • NGD's Operating Margin of 36.13% is amongst the best of the industry. NGD outperforms 95.64% of its industry peers.
  • NGD's Operating Margin has improved in the last couple of years.
  • NGD has a Gross Margin of 86.65%. This is amongst the best in the industry. NGD outperforms 99.38% of its industry peers.
  • NGD's Gross Margin has improved in the last couple of years.
Industry RankSector 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%
NGD.CA Yearly Profit, Operating, Gross MarginsNGD.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 -100 -150 -200

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so NGD is still creating some value.
  • The number of shares outstanding for NGD has been increased compared to 1 year ago.
  • Compared to 5 years ago, NGD has more shares outstanding
  • Compared to 1 year ago, NGD has a worse debt to assets ratio.
NGD.CA Yearly Shares OutstandingNGD.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
NGD.CA Yearly Total Debt VS Total AssetsNGD.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.2 Solvency

  • NGD has an Altman-Z score of 4.93. This indicates that NGD is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of NGD (4.93) is comparable to the rest of the industry.
  • The Debt to FCF ratio of NGD is 4.95, which is a neutral value as it means it would take NGD, 4.95 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 4.95, NGD belongs to the top of the industry, outperforming 90.90% of the companies in the same industry.
  • A Debt/Equity ratio of 0.32 indicates that NGD is not too dependend on debt financing.
  • With a Debt to Equity ratio value of 0.32, NGD is not doing good in the industry: 68.95% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.32
Debt/FCF 4.95
Altman-Z 4.93
ROIC/WACC1.51
WACC10.6%
NGD.CA Yearly LT Debt VS Equity VS FCFNGD.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B 2B

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.
  • NGD has a worse Current ratio (0.88) than 63.34% of its industry peers.
  • NGD has a Quick 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.
  • NGD has a Quick ratio of 0.48. This is in the lower half of the industry: NGD underperforms 69.20% of its industry peers.
Industry RankSector Rank
Current Ratio 0.88
Quick Ratio 0.48
NGD.CA Yearly Current Assets VS Current LiabilitesNGD.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

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.
  • Measured over the past years, NGD shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.55% on average per year.
  • NGD shows a strong growth in Revenue. In the last year, 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

  • The Earnings Per Share is expected to grow by 32.56% on average over the next years. This is a very strong growth
  • 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 Year58.81%
Revenue Next 2Y60.86%
Revenue Next 3Y34.22%
Revenue Next 5Y17.05%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
NGD.CA Yearly Revenue VS EstimatesNGD.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B 2B
NGD.CA Yearly EPS VS EstimatesNGD.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 0.2 0.4 0.6 0.8 1

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Find the best growth stocksShow best growing peers

8

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 26.79, which means the current valuation is very expensive for NGD.
  • 91.15% of the companies in the same industry are more expensive than NGD, based on the Price/Earnings ratio.
  • NGD is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.64, which is the current average of the S&P500 Index.
  • NGD is valuated reasonably with a Price/Forward Earnings ratio of 10.39.
  • Based on the Price/Forward Earnings ratio, NGD is valued cheaply inside the industry as 94.39% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.75, NGD is valued rather cheaply.
Industry RankSector Rank
PE 26.79
Fwd PE 10.39
NGD.CA Price Earnings VS Forward Price EarningsNGD.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, NGD is valued cheaper than 93.77% of the companies in the same industry.
  • 91.15% of the companies in the same industry are more expensive than NGD, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 119.63
EV/EBITDA 14.14
NGD.CA Per share dataNGD.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.5 1 1.5 2

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of NGD may justify a higher PE ratio.
  • A more expensive valuation may be justified as NGD's earnings are expected to grow with 77.10% in the coming years.
PEG (NY)0.12
PEG (5Y)N/A
EPS Next 2Y147.86%
EPS Next 3Y77.1%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • NGD does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

NEW GOLD INC

TSX:NGD (2/23/2026, 7:00:00 PM)

16.61

-0.08 (-0.48%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-17
Earnings (Next)04-27
Inst Owners67.49%
Inst Owner ChangeN/A
Ins Owners3.76%
Ins Owner ChangeN/A
Market Cap13.15B
Revenue(TTM)1.24B
Net Income(TTM)249.30M
Analysts77.78
Price Target12.72 (-23.42%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)2
Avg EPS beat(2)20.36%
Min EPS beat(2)4.72%
Max EPS beat(2)36%
EPS beat(4)4
Avg EPS beat(4)47.2%
Min EPS beat(4)4.72%
Max EPS beat(4)131.06%
EPS beat(8)7
Avg EPS beat(8)104.59%
EPS beat(12)10
Avg EPS beat(12)73.59%
EPS beat(16)11
Avg EPS beat(16)48.71%
Revenue beat(2)1
Avg Revenue beat(2)2.44%
Min Revenue beat(2)-4.85%
Max Revenue beat(2)9.74%
Revenue beat(4)2
Avg Revenue beat(4)6.7%
Min Revenue beat(4)-4.85%
Max Revenue beat(4)24.28%
Revenue beat(8)4
Avg Revenue beat(8)3.57%
Revenue beat(12)7
Avg Revenue beat(12)2.81%
Revenue beat(16)10
Avg Revenue beat(16)1.53%
PT rev (1m)9.11%
PT rev (3m)16.77%
EPS NQ rev (1m)-5.31%
EPS NQ rev (3m)-3.82%
EPS NY rev (1m)0%
EPS NY rev (3m)8.62%
Revenue NQ rev (1m)-8.04%
Revenue NQ rev (3m)0.17%
Revenue NY rev (1m)-0.67%
Revenue NY rev (3m)2.2%
Valuation
Industry RankSector Rank
PE 26.79
Fwd PE 10.39
P/S 7.73
P/FCF 119.63
P/OCF 14.11
P/B 7.75
P/tB 7.75
EV/EBITDA 14.14
EPS(TTM)0.62
EY3.73%
EPS(NY)1.6
Fwd EY9.62%
FCF(TTM)0.14
FCFY0.84%
OCF(TTM)1.18
OCFY7.09%
SpS2.15
BVpS2.14
TBVpS2.14
PEG (NY)0.12
PEG (5Y)N/A
Graham Number5.47
Profitability
Industry RankSector Rank
ROA 10.52%
ROE 20.11%
ROCE 22.17%
ROIC 15.96%
ROICexc 17.01%
ROICexgc 17.01%
OM 36.13%
PM (TTM) 20.07%
GM 86.65%
FCFM 6.46%
ROA(3y)-0.23%
ROA(5y)0.29%
ROE(3y)-1.79%
ROE(5y)-0.14%
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 3Y11.53%
ROICexgc growth 5YN/A
ROICexc growth 3Y11.53%
ROICexc growth 5YN/A
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%
F-Score7
Asset Turnover0.52
Health
Industry RankSector Rank
Debt/Equity 0.32
Debt/FCF 4.95
Debt/EBITDA 0.57
Cap/Depr 240.3%
Cap/Sales 48.34%
Interest Coverage 9.82
Cash Conversion 97.44%
Profit Quality 32.21%
Current Ratio 0.88
Quick Ratio 0.48
Altman-Z 4.93
F-Score7
WACC10.6%
ROIC/WACC1.51
Cap/Depr(3y)123.96%
Cap/Depr(5y)128.72%
Cap/Sales(3y)37.2%
Cap/Sales(5y)37.79%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)309.09%
EPS 3Y16.55%
EPS 5YN/A
EPS Q2Q%212.5%
EPS Next Y226.54%
EPS Next 2Y147.86%
EPS Next 3Y77.1%
EPS Next 5Y32.56%
Revenue 1Y (TTM)44.19%
Revenue growth 3Y7.44%
Revenue growth 5Y7.95%
Sales Q2Q%83.53%
Revenue Next Year58.81%
Revenue Next 2Y60.86%
Revenue Next 3Y34.22%
Revenue Next 5Y17.05%
EBIT growth 1Y325.4%
EBIT growth 3Y10.12%
EBIT growth 5YN/A
EBIT Next Year455.63%
EBIT Next 3Y115.33%
EBIT Next 5Y48.65%
FCF growth 1Y388.85%
FCF growth 3Y16.79%
FCF growth 5Y64.19%
OCF growth 1Y173.63%
OCF growth 3Y6.66%
OCF growth 5Y8.31%

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 26.79 and the Price/Book (PB) ratio is 7.75.


How financially healthy is NEW GOLD INC?

The financial health rating of NEW GOLD INC (NGD.CA) is 3 / 10.