NEW GOLD INC (NGD.CA) Fundamental Analysis & Valuation

TSX:NGD • CA6445351068

15.2 CAD
-0.1 (-0.65%)
Last: Mar 6, 2026, 07:00 PM
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This NGD.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

Taking everything into account, NGD scores 6 out of 10 in our fundamental rating. NGD was compared to 815 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. NGD.CA Profitability Analysis

1.1 Basic Checks

  • In the past year NGD was profitable.
  • 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.
  • 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

  • NGD has a Return On Assets of 10.52%. This is amongst the best in the industry. NGD outperforms 92.52% of its industry peers.
  • The Return On Equity of NGD (20.11%) is better than 95.21% of its industry peers.
  • NGD's Return On Invested Capital of 15.96% is amongst the best of the industry. NGD outperforms 96.56% 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

  • The Profit Margin of NGD (20.07%) is better than 93.62% 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 95.21% of its industry peers.
  • NGD's Operating Margin has improved in the last couple of years.
  • With an excellent Gross Margin value of 86.65%, NGD belongs to the best of the industry, outperforming 99.39% of the companies in the same industry.
  • 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. NGD.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), NGD is creating some value.
  • NGD has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, NGD has more shares outstanding
  • The debt/assets ratio for NGD is higher compared to a year ago.
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

  • An Altman-Z score of 4.51 indicates that NGD is not in any danger for bankruptcy at the moment.
  • NGD has a Altman-Z score of 4.51. This is comparable to the rest of the industry: NGD outperforms 51.90% of its industry peers.
  • 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.
  • NGD's Debt to FCF ratio of 4.95 is amongst the best of the industry. NGD outperforms 91.17% of its industry peers.
  • 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: 69.08% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.32
Debt/FCF 4.95
Altman-Z 4.51
ROIC/WACC1.56
WACC10.23%
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.
  • The Current ratio of NGD (0.88) is worse than 62.82% 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. NGD.CA Growth Analysis

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.
  • The Revenue has grown by 44.19% in the past year. This is a very strong growth!
  • NGD shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.95% yearly.
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

  • Based on estimates for the next years, NGD will show a very strong growth in Earnings Per Share. The EPS will grow by 32.56% on average per year.
  • NGD is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 17.05% yearly.
EPS Next Y222.74%
EPS Next 2Y161.29%
EPS Next 3Y83.48%
EPS Next 5Y32.56%
Revenue Next Year58.81%
Revenue Next 2Y62.38%
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. NGD.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 24.92 indicates a rather expensive valuation of NGD.
  • Based on the Price/Earnings ratio, NGD is valued cheaply inside the industry as 91.17% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 26.46, NGD is valued at the same level.
  • Based on the Price/Forward Earnings ratio of 8.58, the valuation of NGD can be described as reasonable.
  • 94.85% of the companies in the same industry are more expensive than NGD, based on the Price/Forward Earnings ratio.
  • NGD's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.65.
Industry RankSector Rank
PE 24.92
Fwd PE 8.58
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 cheaply inside the industry as 93.86% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, NGD is valued cheaply inside the industry as 90.80% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 109.78
EV/EBITDA 13.01
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

  • NGD's 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 83.48% in the coming years.
PEG (NY)0.11
PEG (5Y)N/A
EPS Next 2Y161.29%
EPS Next 3Y83.48%

More info and screens

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

0

5. NGD.CA Dividend Analysis

5.1 Amount

  • No dividends for NGD!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

NGD.CA Fundamentals: All Metrics, Ratios and Statistics

NEW GOLD INC

TSX:NGD (3/6/2026, 7:00:00 PM)

15.2

-0.1 (-0.65%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-20
Earnings (Next)04-27
Inst Owners70.15%
Inst Owner ChangeN/A
Ins Owners3.76%
Ins Owner ChangeN/A
Market Cap12.03B
Revenue(TTM)1.24B
Net Income(TTM)249.30M
Analysts78
Price Target13.23 (-12.96%)
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)4.01%
PT rev (3m)21.45%
EPS NQ rev (1m)1.9%
EPS NQ rev (3m)-6.96%
EPS NY rev (1m)-1.16%
EPS NY rev (3m)-1.62%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.14%
Revenue NY rev (1m)-0.67%
Revenue NY rev (3m)-0.67%
Valuation
Industry RankSector Rank
PE 24.92
Fwd PE 8.58
P/S 7.1
P/FCF 109.78
P/OCF 12.95
P/B 7.11
P/tB 7.11
EV/EBITDA 13.01
EPS(TTM)0.61
EY4.01%
EPS(NY)1.77
Fwd EY11.65%
FCF(TTM)0.14
FCFY0.91%
OCF(TTM)1.17
OCFY7.72%
SpS2.14
BVpS2.14
TBVpS2.14
PEG (NY)0.11
PEG (5Y)N/A
Graham Number5.42
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 4.51
F-Score7
WACC10.23%
ROIC/WACC1.56
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 Y222.74%
EPS Next 2Y161.29%
EPS Next 3Y83.48%
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 2Y62.38%
Revenue Next 3Y34.22%
Revenue Next 5Y17.05%
EBIT growth 1Y325.4%
EBIT growth 3Y10.12%
EBIT growth 5YN/A
EBIT Next Year452.23%
EBIT Next 3Y121.53%
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 24.92 and the Price/Book (PB) ratio is 7.11.


How financially healthy is NEW GOLD INC?

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