NEW GOLD INC (NGD)
CA6445351068 - Common Stock
Overall NGD gets a fundamental rating of 4 out of 10. We evaluated NGD against 157 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 not priced too expensively while it is growing strongly. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
In the past year NGD was profitable.
NGD had a positive operating cash flow in the past year.
NGD had negative earnings in 4 of the past 5 years.
Each year in the past 5 years NGD had a positive operating cash flow.
1.2 Ratios
NGD has a Return On Assets (-3.37%) which is in line with its industry peers.
Looking at the Return On Equity, with a value of -10.35%, NGD is doing worse than 64.97% of the companies in the same industry.
NGD has a Return On Invested Capital (2.16%) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.37% | ||
| ROE | -10.35% | ||
| ROIC | 2.16% |
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
With a Operating Margin value of 7.19%, NGD perfoms like the industry average, outperforming 58.60% of the companies in the same industry.
NGD's Operating Margin has improved in the last couple of years.
NGD has a Gross Margin of 76.67%. This is amongst the best in the industry. NGD outperforms 98.73% of its industry peers.
NGD's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.19% | ||
| PM (TTM) | N/A | ||
| GM | 76.67% |
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
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.
Compared to 5 years ago, NGD has more shares outstanding
The debt/assets ratio for NGD has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of -0.45, we must say that NGD is in the distress zone and has some risk of bankruptcy.
NGD has a Altman-Z score of -0.45. This is amonst the worse of the industry: NGD underperforms 81.53% of its industry peers.
The Debt to FCF ratio of NGD is 22.47, which is on the high side as it means it would take NGD, 22.47 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 22.47, NGD is in the better half of the industry, outperforming 61.78% of the companies in the same industry.
A Debt/Equity ratio of 0.54 indicates that NGD is somewhat dependend on debt financing.
The Debt to Equity ratio of NGD (0.54) is worse than 77.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.54 | ||
| Debt/FCF | 22.47 | ||
| Altman-Z | -0.45 |
ROIC/WACC0.27
WACC7.97%
2.3 Liquidity
A Current Ratio of 1.51 indicates that NGD should not have too much problems paying its short term obligations.
The Current ratio of NGD (1.51) is worse than 71.97% of its industry peers.
A Quick Ratio of 0.89 indicates that NGD may have some problems paying its short term obligations.
With a Quick ratio value of 0.89, NGD is not doing good in the industry: 77.07% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.51 | ||
| Quick Ratio | 0.89 |
3. Growth
3.1 Past
NGD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 400.00%, which is quite impressive.
NGD shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 32.64% yearly.
NGD shows a strong growth in Revenue. In the last year, the Revenue has grown by 23.08%.
The Revenue has been growing slightly by 5.40% on average over the past years.
EPS 1Y (TTM)400%
EPS 3Y32.64%
EPS 5YN/A
EPS Q2Q%-33.33%
Revenue 1Y (TTM)23.08%
Revenue growth 3Y6.92%
Revenue growth 5Y5.4%
Sales Q2Q%-4.71%
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 50.77% on average per year.
NGD is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 16.86% yearly.
EPS Next Y102%
EPS Next 2Y86.09%
EPS Next 3Y70.91%
EPS Next 5Y50.77%
Revenue Next Year21.41%
Revenue Next 2Y19.23%
Revenue Next 3Y16.95%
Revenue Next 5Y16.86%
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 33.67, NGD can be considered very expensive at the moment.
The rest of the industry has a similar Price/Earnings ratio as NGD.
The average S&P500 Price/Earnings ratio is at 24.41. NGD is valued slightly more expensive when compared to this.
NGD is valuated reasonably with a Price/Forward Earnings ratio of 8.33.
Based on the Price/Forward Earnings ratio, NGD is valued cheaply inside the industry as 84.71% of the companies are valued more expensively.
NGD is valuated cheaply when we compare the Price/Forward Earnings ratio to 20.59, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.67 | ||
| Fwd PE | 8.33 |
4.2 Price Multiples
NGD's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. NGD is cheaper than 80.25% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NGD indicates a somewhat cheap valuation: NGD is cheaper than 62.42% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 89.71 | ||
| EV/EBITDA | 6.25 |
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.
A more expensive valuation may be justified as NGD's earnings are expected to grow with 70.91% in the coming years.
PEG (NY)0.33
PEG (5Y)N/A
EPS Next 2Y86.09%
EPS Next 3Y70.91%
5. Dividend
5.1 Amount
NGD does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NEW GOLD INC
NYSEARCA:NGD (7/26/2024, 7:04:00 PM)
After market: 2.02 0 (0%)2.02
-0.05 (-2.42%)
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 Cap1.60B
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 | 33.67 | ||
| Fwd PE | 8.33 | ||
| 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)0.33
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.37% | ||
| ROE | -10.35% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 7.19% | ||
| PM (TTM) | N/A | ||
| GM | 76.67% | ||
| 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 | 0.54 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.51 | ||
| Quick Ratio | 0.89 | ||
| 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)
High Growth Momentum
Growth
EPS 1Y (TTM)400%
EPS 3Y32.64%
EPS 5Y
EPS Q2Q%
EPS Next Y102%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)23.08%
Revenue growth 3Y6.92%
Revenue growth 5Y
Sales 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