NEW GOLD INC (NGD)
CA6445351068 - Common Stock
NGD gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 155 industry peers in the Metals & Mining industry. While NGD is still in line with the averages on profitability rating, there are concerns on its financial health. NGD is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!
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.
NGD had negative earnings in 4 of the past 5 years.
NGD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
NGD has a Return On Assets of -2.82%. This is comparable to the rest of the industry: NGD outperforms 45.81% of its industry peers.
Looking at the Return On Equity, with a value of -8.17%, NGD is doing worse than 62.58% of the companies in the same industry.
NGD has a Return On Invested Capital (2.37%) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.82% | ||
| ROE | -8.17% | ||
| ROIC | 2.37% |
ROA(3y)-0.04%
ROA(5y)-1.41%
ROE(3y)-0.14%
ROE(5y)-3.62%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
NGD's Operating Margin of 7.86% is fine compared to the rest of the industry. NGD outperforms 63.23% of its industry peers.
In the last couple of years the Operating Margin of NGD has grown nicely.
The Gross Margin of NGD (75.78%) is better than 98.71% of its industry peers.
NGD's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.86% | ||
| PM (TTM) | N/A | ||
| GM | 75.78% |
OM growth 3Y-10.19%
OM growth 5Y31.03%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.5%
GM growth 5Y-0.78%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NGD is destroying value.
Compared to 1 year ago, NGD has more shares outstanding
The number of shares outstanding for NGD has been increased compared to 5 years ago.
Compared to 1 year ago, NGD has an improved debt to assets ratio.
2.2 Solvency
NGD has an Altman-Z score of -0.53. This is a bad value and indicates that NGD is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of NGD (-0.53) is worse than 81.29% of its industry peers.
The Debt to FCF ratio of NGD is 18.49, which is on the high side as it means it would take NGD, 18.49 years of fcf income to pay off all of its debts.
NGD's Debt to FCF ratio of 18.49 is fine compared to the rest of the industry. NGD outperforms 62.58% of its industry peers.
A Debt/Equity ratio of 0.51 indicates that NGD is somewhat dependend on debt financing.
NGD's Debt to Equity ratio of 0.51 is on the low side compared to the rest of the industry. NGD is outperformed by 78.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 18.49 | ||
| Altman-Z | -0.53 |
ROIC/WACC0.3
WACC7.87%
2.3 Liquidity
NGD has a Current Ratio of 1.54. This is a normal value and indicates that NGD is financially healthy and should not expect problems in meeting its short term obligations.
NGD's Current ratio of 1.54 is on the low side compared to the rest of the industry. NGD is outperformed by 73.55% of its industry peers.
A Quick Ratio of 0.98 indicates that NGD may have some problems paying its short term obligations.
With a Quick ratio value of 0.98, NGD is not doing good in the industry: 69.68% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.54 | ||
| Quick Ratio | 0.98 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 333.33% over the past year.
Measured over the past years, NGD shows a very strong growth in Earnings Per Share. The EPS has been growing by 32.64% on average per year.
The Revenue has grown by 30.13% 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 5.40% yearly.
EPS 1Y (TTM)333.33%
EPS 3Y32.64%
EPS 5YN/A
EPS growth Q2Q0%
Revenue 1Y (TTM)30.13%
Revenue growth 3Y6.92%
Revenue growth 5Y5.4%
Revenue growth Q2Q22.36%
3.2 Future
The Earnings Per Share is expected to grow by 67.07% on average over the next years. This is a very strong growth
Based on estimates for the next years, NGD will show a quite strong growth in Revenue. The Revenue will grow by 17.72% on average per year.
EPS Next Y50.69%
EPS Next 2Y48.94%
EPS Next 3Y68.23%
EPS Next 5Y67.07%
Revenue Next Year9.35%
Revenue Next 2Y11.71%
Revenue Next 3Y17.72%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 26.00, the valuation of NGD can be described as expensive.
66.45% 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 24.92, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 17.25, NGD is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NGD indicates a somewhat cheap valuation: NGD is cheaper than 67.74% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of NGD to the average of the S&P500 Index (21.49), we can say NGD is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26 | ||
| Fwd PE | 17.25 |
4.2 Price Multiples
NGD's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. NGD is cheaper than 86.45% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, NGD is valued a bit cheaper than the industry average as 67.10% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 57.5 | ||
| EV/EBITDA | 4.84 |
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.
A more expensive valuation may be justified as NGD's earnings are expected to grow with 68.23% in the coming years.
PEG (NY)0.51
PEG (5Y)N/A
EPS Next 2Y48.94%
EPS Next 3Y68.23%
5. Dividend
5.1 Amount
NGD does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NEW GOLD INC
NYSEARCA:NGD (4/26/2024, 5:47:43 PM)
After market: 1.83 +0.01 (+0.55%)1.82
+0.02 (+1.11%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.25B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26 | ||
| Fwd PE | 17.25 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.51
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.82% | ||
| ROE | -8.17% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 7.86% | ||
| PM (TTM) | N/A | ||
| GM | 75.78% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.54 | ||
| Quick Ratio | 0.98 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)333.33%
EPS 3Y32.64%
EPS 5Y
EPS growth Q2Q
EPS Next Y50.69%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)30.13%
Revenue growth 3Y6.92%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y