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NEW GOLD INC (NGD.CA) Stock Fundamental Analysis

TSX:NGD - Toronto Stock Exchange - CA6445351068 - Common Stock - Currency: CAD

5.91  -0.06 (-1.01%)

Fundamental Rating

6

Taking everything into account, NGD scores 6 out of 10 in our fundamental rating. NGD was compared to 805 industry peers in the Metals & Mining industry. NGD scores excellent on profitability, but there are some minor concerns on its financial health. NGD is growing strongly while it also seems undervalued. This is an interesting combination


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.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -500M -1B

1.2 Ratios

The Return On Assets of NGD (6.11%) is better than 90.81% of its industry peers.
NGD has a Return On Equity of 12.52%. This is amongst the best in the industry. NGD outperforms 92.67% of its industry peers.
The Return On Invested Capital of NGD (7.26%) is better than 93.04% of its industry peers.
Industry RankSector Rank
ROA 6.11%
ROE 12.52%
ROIC 7.26%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100

1.3 Margins

NGD's Profit Margin of 13.74% is amongst the best of the industry. NGD outperforms 93.29% of its industry peers.
NGD's Profit Margin has declined in the last couple of years.
With an excellent Operating Margin value of 20.45%, NGD belongs to the best of the industry, outperforming 92.67% of the companies in the same industry.
In the last couple of years the Operating Margin of NGD has grown nicely.
Looking at the Gross Margin, with a value of 80.58%, NGD belongs to the top of the industry, outperforming 99.13% of the companies in the same industry.
NGD's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 20.45%
PM (TTM) 13.74%
GM 80.58%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 -100 -150 -200

4

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NGD is destroying value.
The number of shares outstanding for NGD has been increased compared to 1 year ago.
The number of shares outstanding for NGD has been increased compared to 5 years ago.
Compared to 1 year ago, NGD has a worse debt to assets ratio.
NGD.CA Yearly Shares OutstandingNGD.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.2 Solvency

Based on the Altman-Z score of 1.13, we must say that NGD is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.13, NGD is in line with its industry, outperforming 50.19% of the companies in the same industry.
The Debt to FCF ratio of NGD is 3.18, which is a good value as it means it would take NGD, 3.18 years of fcf income to pay off all of its debts.
NGD has a better Debt to FCF ratio (3.18) than 92.17% of its industry peers.
A Debt/Equity ratio of 0.49 indicates that NGD is not too dependend on debt financing.
NGD's Debt to Equity ratio of 0.49 is on the low side compared to the rest of the industry. NGD is outperformed by 72.55% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.49
Debt/FCF 3.18
Altman-Z 1.13
ROIC/WACC0.82
WACC8.87%
NGD.CA Yearly LT Debt VS Equity VS FCFNGD.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B 2B

2.3 Liquidity

NGD has a Current Ratio of 1.68. This is a normal value and indicates that NGD is financially healthy and should not expect problems in meeting its short term obligations.
NGD has a Current ratio (1.68) which is comparable to the rest of the industry.
A Quick Ratio of 1.16 indicates that NGD should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.16, NGD is in line with its industry, outperforming 47.70% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.68
Quick Ratio 1.16
NGD.CA Yearly Current Assets VS Current LiabilitesNGD.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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 216.67%, 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 21.17%.
The Revenue has been growing slightly by 7.95% on average over the past years.
EPS 1Y (TTM)216.67%
EPS 3Y16.55%
EPS 5YN/A
EPS Q2Q%0%
Revenue 1Y (TTM)21.17%
Revenue growth 3Y7.44%
Revenue growth 5Y7.95%
Sales Q2Q%8.85%

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 44.49% on average per year.
Based on estimates for the next years, NGD will show a quite strong growth in Revenue. The Revenue will grow by 12.73% on average per year.
EPS Next Y103.33%
EPS Next 2Y90.12%
EPS Next 3Y50.66%
EPS Next 5Y44.49%
Revenue Next Year36.74%
Revenue Next 2Y39.44%
Revenue Next 3Y22.65%
Revenue Next 5Y12.73%

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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
NGD.CA Yearly EPS VS EstimatesNGD.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.2 0.4 0.6 0.8

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4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 22.73, the valuation of NGD can be described as rather expensive.
NGD's Price/Earnings ratio is rather cheap when compared to the industry. NGD is cheaper than 89.69% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.50, NGD is valued at the same level.
NGD is valuated cheaply with a Price/Forward Earnings ratio of 6.25.
94.91% of the companies in the same industry are more expensive than NGD, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 36.44. NGD is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 22.73
Fwd PE 6.25
NGD.CA Price Earnings VS Forward Price EarningsNGD.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

NGD's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. NGD is cheaper than 93.04% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NGD indicates a rather cheap valuation: NGD is cheaper than 93.42% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 21.18
EV/EBITDA 8.53
NGD.CA Per share dataNGD.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.5 1 1.5

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.
NGD has a very decent profitability rating, which may justify a higher PE ratio.
NGD's earnings are expected to grow with 50.66% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.22
PEG (5Y)N/A
EPS Next 2Y90.12%
EPS Next 3Y50.66%

0

5. Dividend

5.1 Amount

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

NEW GOLD INC

TSX:NGD (7/18/2025, 7:00:00 PM)

5.91

-0.06 (-1.01%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)04-29 2025-04-29/amc
Earnings (Next)07-28 2025-07-28/amc
Inst Owners64.48%
Inst Owner ChangeN/A
Ins Owners3.76%
Ins Owner ChangeN/A
Market Cap4.68B
Analysts78.46
Price Target4.89 (-17.26%)
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)2
Avg EPS beat(2)74.05%
Min EPS beat(2)17.03%
Max EPS beat(2)131.06%
EPS beat(4)4
Avg EPS beat(4)63.35%
Min EPS beat(4)13.15%
Max EPS beat(4)131.06%
EPS beat(8)7
Avg EPS beat(8)102.23%
EPS beat(12)9
Avg EPS beat(12)62.01%
EPS beat(16)11
Avg EPS beat(16)51.21%
Revenue beat(2)1
Avg Revenue beat(2)10.96%
Min Revenue beat(2)-2.37%
Max Revenue beat(2)24.28%
Revenue beat(4)2
Avg Revenue beat(4)5.21%
Min Revenue beat(4)-2.37%
Max Revenue beat(4)24.28%
Revenue beat(8)5
Avg Revenue beat(8)3.19%
Revenue beat(12)7
Avg Revenue beat(12)1.09%
Revenue beat(16)10
Avg Revenue beat(16)0.85%
PT rev (1m)6.08%
PT rev (3m)-7.74%
EPS NQ rev (1m)-0.54%
EPS NQ rev (3m)15%
EPS NY rev (1m)0%
EPS NY rev (3m)15.04%
Revenue NQ rev (1m)9%
Revenue NQ rev (3m)35.83%
Revenue NY rev (1m)0%
Revenue NY rev (3m)10.61%
Valuation
Industry RankSector Rank
PE 22.73
Fwd PE 6.25
P/S 3.61
P/FCF 21.18
P/OCF 7.63
P/B 3.29
P/tB 3.29
EV/EBITDA 8.53
EPS(TTM)0.26
EY4.4%
EPS(NY)0.95
Fwd EY15.99%
FCF(TTM)0.28
FCFY4.72%
OCF(TTM)0.78
OCFY13.11%
SpS1.64
BVpS1.8
TBVpS1.8
PEG (NY)0.22
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 6.11%
ROE 12.52%
ROCE 10.09%
ROIC 7.26%
ROICexc 8.21%
ROICexgc 8.21%
OM 20.45%
PM (TTM) 13.74%
GM 80.58%
FCFM 17.04%
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
ROICexcg growth 3Y11.53%
ROICexcg 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 Turnover0.44
Health
Industry RankSector Rank
Debt/Equity 0.49
Debt/FCF 3.18
Debt/EBITDA 1.16
Cap/Depr 117.42%
Cap/Sales 30.29%
Interest Coverage 4.73
Cash Conversion 102.34%
Profit Quality 123.96%
Current Ratio 1.68
Quick Ratio 1.16
Altman-Z 1.13
F-Score7
WACC8.87%
ROIC/WACC0.82
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)216.67%
EPS 3Y16.55%
EPS 5YN/A
EPS Q2Q%0%
EPS Next Y103.33%
EPS Next 2Y90.12%
EPS Next 3Y50.66%
EPS Next 5Y44.49%
Revenue 1Y (TTM)21.17%
Revenue growth 3Y7.44%
Revenue growth 5Y7.95%
Sales Q2Q%8.85%
Revenue Next Year36.74%
Revenue Next 2Y39.44%
Revenue Next 3Y22.65%
Revenue Next 5Y12.73%
EBIT growth 1Y244.37%
EBIT growth 3Y10.12%
EBIT growth 5YN/A
EBIT Next Year336.51%
EBIT Next 3Y93.28%
EBIT Next 5Y56.11%
FCF growth 1Y265.53%
FCF growth 3Y16.79%
FCF growth 5Y64.19%
OCF growth 1Y142.83%
OCF growth 3Y6.66%
OCF growth 5Y8.31%