NEW GOLD INC (NGD.CA) Stock Fundamental Analysis
TSX:NGD - Toronto Stock Exchange - CA6445351068 - Common Stock - Currency: CAD
Taking everything into account, NGD scores 6 out of 10 in our fundamental rating. NGD was compared to 796 industry peers in the Metals & Mining industry. While NGD belongs to the best of the industry regarding profitability, there are some minor 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
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.
1.2 Ratios
NGD's Return On Assets of 6.11% is amongst the best of the industry. NGD outperforms 91.33% of its industry peers.
NGD's Return On Equity of 12.52% is amongst the best of the industry. NGD outperforms 93.09% of its industry peers.
NGD has a Return On Invested Capital of 7.26%. This is amongst the best in the industry. NGD outperforms 93.22% of its industry peers.
| Industry Rank | Sector 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
1.3 Margins
NGD has a better Profit Margin (13.74%) than 93.47% of its industry peers.
NGD's Profit Margin has declined in the last couple of years.
NGD has a Operating Margin of 20.45%. This is amongst the best in the industry. NGD outperforms 92.84% of its industry peers.
NGD's Operating Margin has improved in the last couple of years.
NGD has a better Gross Margin (80.58%) than 99.12% of its industry peers.
NGD's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
NGD has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, NGD has more shares outstanding
Compared to 5 years ago, NGD has more shares outstanding
The debt/assets ratio for NGD is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.15, we must say that NGD is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of NGD (1.15) is comparable to the rest of the industry.
NGD has a debt to FCF ratio of 3.18. This is a good value and a sign of high solvency as NGD would need 3.18 years to pay back of all of its debts.
The Debt to FCF ratio of NGD (3.18) is better than 92.21% of its industry peers.
A Debt/Equity ratio of 0.49 indicates that NGD is not too dependend on debt financing.
The Debt to Equity ratio of NGD (0.49) is worse than 72.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | 3.18 | ||
| Altman-Z | 1.15 |
ROIC/WACC0.82
WACC8.9%
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 of 1.68. This is comparable to the rest of the industry: NGD outperforms 50.75% of its industry peers.
NGD has a Quick Ratio of 1.16. This is a normal value and indicates that NGD is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.16, NGD perfoms like the industry average, outperforming 46.36% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.68 | ||
| Quick Ratio | 1.16 |
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.
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 21.17%.
NGD shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.95% yearly.
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
NGD is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 44.49% yearly.
Based on estimates for the next years, NGD will show a very strong growth in Revenue. The Revenue will grow by 22.65% 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 5YN/A
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
The Price/Earnings ratio is 23.31, which indicates a rather expensive current valuation of NGD.
Compared to the rest of the industry, the Price/Earnings ratio of NGD indicates a rather cheap valuation: NGD is cheaper than 88.69% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.19, NGD is valued at the same level.
NGD is valuated cheaply with a Price/Forward Earnings ratio of 6.38.
Based on the Price/Forward Earnings ratio, NGD is valued cheaply inside the industry as 95.60% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.13, NGD is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.31 | ||
| Fwd PE | 6.38 |
4.2 Price Multiples
92.09% of the companies in the same industry are more expensive than NGD, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NGD indicates a rather cheap valuation: NGD is cheaper than 93.34% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.63 | ||
| EV/EBITDA | 8.62 |
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.
NGD's earnings are expected to grow with 50.66% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.23
PEG (5Y)N/A
EPS Next 2Y90.12%
EPS Next 3Y50.66%
5. Dividend
5.1 Amount
NGD does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TSX:NGD (5/29/2025, 7:00:00 PM)
6.06
-0.02 (-0.33%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners61.98%
Inst Owner ChangeN/A
Ins Owners3.78%
Ins Owner ChangeN/A
Market Cap4.80B
Analysts78.18
Price Target6.05 (-0.17%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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)14.27%
PT rev (3m)17.73%
EPS NQ rev (1m)15.63%
EPS NQ rev (3m)-1.8%
EPS NY rev (1m)0%
EPS NY rev (3m)14.71%
Revenue NQ rev (1m)24.62%
Revenue NQ rev (3m)-6.07%
Revenue NY rev (1m)4.48%
Revenue NY rev (3m)6.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.31 | ||
| Fwd PE | 6.38 | ||
| P/S | 3.68 | ||
| P/FCF | 21.63 | ||
| P/OCF | 7.79 | ||
| P/B | 3.36 | ||
| P/tB | 3.36 | ||
| EV/EBITDA | 8.62 |
EPS(TTM)0.26
EY4.29%
EPS(NY)0.95
Fwd EY15.67%
FCF(TTM)0.28
FCFY4.62%
OCF(TTM)0.78
OCFY12.85%
SpS1.64
BVpS1.81
TBVpS1.81
PEG (NY)0.23
PEG (5Y)N/A
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 1.15 |
F-Score7
WACC8.9%
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 5YN/A
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%