NEW GOLD INC (NGD)

CA6445351068 - Common Stock

2.2592  +0.18 (+8.62%)

Fundamental Rating

4

Overall NGD gets a fundamental rating of 4 out of 10. We evaluated NGD against 156 industry peers in the Metals & Mining industry. There are concerns on the financial health of NGD while its profitability can be described as average. NGD is not priced too expensively while it is growing strongly. Keep and eye on this one!



4

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.
In the past 5 years NGD always reported a positive cash flow from operatings.

1.2 Ratios

NGD's Return On Assets of -3.37% is in line compared to the rest of the industry. NGD outperforms 41.67% of its industry peers.
NGD has a Return On Equity of -10.35%. This is in the lower half of the industry: NGD underperforms 66.03% of its industry peers.
NGD has a Return On Invested Capital (2.16%) which is comparable to the rest of the industry.
Industry RankSector 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

NGD has a Operating Margin of 7.19%. This is in the better half of the industry: NGD outperforms 60.26% of its industry peers.
In the last couple of years the Operating Margin of NGD has grown nicely.
With an excellent Gross Margin value of 76.67%, NGD belongs to the best of the industry, outperforming 98.72% of the companies in the same industry.
In the last couple of years the Gross Margin of NGD has remained more or less at the same level.
Industry RankSector 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

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NGD is destroying value.
NGD has more shares outstanding than it did 1 year ago.
NGD has more shares outstanding than it did 5 years ago.
The debt/assets ratio for NGD has been reduced compared to a year ago.

2.2 Solvency

Based on the Altman-Z score of -0.52, we must say that NGD is in the distress zone and has some risk of bankruptcy.
NGD has a Altman-Z score of -0.52. This is amonst the worse of the industry: NGD underperforms 84.62% of its industry peers.
NGD has a debt to FCF ratio of 22.47. This is a negative value and a sign of low solvency as NGD would need 22.47 years to pay back of 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 61.54% of the companies in the same industry.
NGD has a Debt/Equity ratio of 0.54. This is a neutral value indicating NGD is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.54, NGD is doing worse than 78.21% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.54
Debt/FCF 22.47
Altman-Z -0.52
ROIC/WACC0.26
WACC8.17%

2.3 Liquidity

NGD has a Current Ratio of 1.51. This is a normal value and indicates that NGD is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of NGD (1.51) is worse than 74.36% 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: 78.85% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.51
Quick Ratio 0.89

8

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 400.00% 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.
NGD shows a strong growth in Revenue. In the last year, the Revenue has grown by 23.08%.
Measured over the past years, NGD shows a small growth in Revenue. The Revenue has been growing by 5.40% on average per year.
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 61.44% on average per year.
NGD is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 17.10% yearly.
EPS Next Y85.51%
EPS Next 2Y73.48%
EPS Next 3Y71.57%
EPS Next 5Y61.44%
Revenue Next Year18.82%
Revenue Next 2Y17.95%
Revenue Next 3Y17.1%
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.

6

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 37.65 indicates a quite expensive valuation of NGD.
Compared to the rest of the industry, the Price/Earnings ratio of NGD is on the same level as its industry peers.
NGD's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.82.
Based on the Price/Forward Earnings ratio of 10.72, the valuation of NGD can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NGD indicates a rather cheap valuation: NGD is cheaper than 84.62% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 19.80. NGD is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 37.65
Fwd PE 10.72

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NGD indicates a rather cheap valuation: NGD is cheaper than 85.90% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, NGD is valued a bit cheaper than the industry average as 62.18% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 87.55
EV/EBITDA 5.57

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 71.57% in the coming years.
PEG (NY)0.44
PEG (5Y)N/A
EPS Next 2Y73.48%
EPS Next 3Y71.57%

0

5. Dividend

5.1 Amount

No dividends for NGD!.
Industry RankSector Rank
Dividend Yield N/A

NEW GOLD INC

NYSEARCA:NGD (5/30/2024, 11:10:30 AM)

2.2592

+0.18 (+8.62%)

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 Cap1.56B
Analysts
Price Target
Dividend
Industry RankSector 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 RankSector Rank
PE 37.65
Fwd PE 10.72
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)0.44
PEG (5Y)N/A
Profitability
Industry RankSector 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 RankSector 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 Y85.51%
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