Logo image of NGD

NEW GOLD INC (NGD) Stock Fundamental Analysis

NYSEARCA:NGD - American Stock Exchange - CA6445351068 - Common Stock

2.81  -0.01 (-0.35%)

Premarket: 2.77 -0.04 (-1.42%)

Fundamental Rating

5

Overall NGD gets a fundamental rating of 5 out of 10. We evaluated NGD against 154 industry peers in the Metals & Mining industry. There are concerns on the financial health of NGD while its profitability can be described as average. An interesting combination arises when we look at growth and value: NGD is growing strongly while it also seems undervalued.


Dividend Valuation Growth Profitability Health

Quickly go to:

5

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.
NGD Yearly Net Income VS EBIT VS OCF VS FCFNGD 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 0 -500M -1B

1.2 Ratios

NGD has a Return On Assets of 1.01%. This is comparable to the rest of the industry: NGD outperforms 56.46% of its industry peers.
NGD has a Return On Equity of 2.02%. This is comparable to the rest of the industry: NGD outperforms 57.14% of its industry peers.
NGD's Return On Invested Capital of 4.67% is in line compared to the rest of the industry. NGD outperforms 59.86% of its industry peers.
Industry RankSector Rank
ROA 1.01%
ROE 2.02%
ROIC 4.67%
ROA(3y)-0.04%
ROA(5y)-1.41%
ROE(3y)-0.14%
ROE(5y)-3.62%
ROIC(3y)N/A
ROIC(5y)N/A
NGD Yearly ROA, ROE, ROICNGD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -50 -100

1.3 Margins

The Profit Margin of NGD (2.33%) is better than 64.63% of its industry peers.
NGD has a better Operating Margin (12.25%) than 69.39% of its industry peers.
In the last couple of years the Operating Margin of NGD has grown nicely.
The Gross Margin of NGD (78.70%) is better than 99.32% of its industry peers.
NGD's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 12.25%
PM (TTM) 2.33%
GM 78.7%
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%
NGD Yearly Profit, Operating, Gross MarginsNGD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50 -50 -100 -150 -200

More info and screens

3

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 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.
The debt/assets ratio for NGD has been reduced compared to a year ago.
NGD Yearly Shares OutstandingNGD Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M
NGD Yearly Total Debt VS Total AssetsNGD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B

2.2 Solvency

Based on the Altman-Z score of 0.29, we must say that NGD is in the distress zone and has some risk of bankruptcy.
NGD has a Altman-Z score of 0.29. This is amonst the worse of the industry: NGD underperforms 81.63% of its industry peers.
The Debt to FCF ratio of NGD is 4.62, which is a neutral value as it means it would take NGD, 4.62 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 4.62, NGD is doing good in the industry, outperforming 68.03% of the companies in the same industry.
NGD has a Debt/Equity ratio of 0.45. This is a healthy value indicating a solid balance between debt and equity.
NGD has a Debt to Equity ratio of 0.45. This is in the lower half of the industry: NGD underperforms 75.51% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.45
Debt/FCF 4.62
Altman-Z 0.29
ROIC/WACC0.46
WACC10.12%
NGD Yearly LT Debt VS Equity VS FCFNGD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M 1B 1.5B 2B

2.3 Liquidity

A Current Ratio of 1.42 indicates that NGD should not have too much problems paying its short term obligations.
With a Current ratio value of 1.42, NGD is not doing good in the industry: 76.87% of the companies in the same industry are doing better.
A Quick Ratio of 0.84 indicates that NGD may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.84, NGD is doing worse than 78.23% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.42
Quick Ratio 0.84
NGD Yearly Current Assets VS Current LiabilitesNGD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M

More info and screens

8

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 57.14% over the past year.
NGD shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 32.64% yearly.
The Revenue has grown by 14.85% in the past year. This is quite good.
NGD shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.40% yearly.
EPS 1Y (TTM)57.14%
EPS 3Y32.64%
EPS 5YN/A
EPS Q2Q%166.67%
Revenue 1Y (TTM)14.85%
Revenue growth 3Y6.92%
Revenue growth 5Y5.4%
Sales Q2Q%25.19%

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 70.55% 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 Y195.79%
EPS Next 2Y126.72%
EPS Next 3Y88.63%
EPS Next 5Y70.55%
Revenue Next Year21.87%
Revenue Next 2Y26.57%
Revenue Next 3Y21.65%
Revenue Next 5Y16.86%

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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
NGD Yearly Revenue VS EstimatesNGD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B
NGD Yearly EPS VS EstimatesNGD 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 1

More info and screens

7

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 25.55, which means the current valuation is very expensive for NGD.
Based on the Price/Earnings ratio, NGD is valued a bit cheaper than 62.59% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.19. NGD is around the same levels.
Based on the Price/Forward Earnings ratio of 7.81, the valuation of NGD can be described as very cheap.
85.03% of the companies in the same industry are more expensive than NGD, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.37, NGD is valued rather cheaply.
Industry RankSector Rank
PE 25.55
Fwd PE 7.81
NGD Price Earnings VS Forward Price EarningsNGD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, NGD is valued a bit cheaper than the industry average as 73.47% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, NGD is valued a bit cheaper than the industry average as 74.15% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 22.82
EV/EBITDA 6.95
NGD Per share dataNGD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.2 0.4 0.6 0.8 1

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's earnings are expected to grow with 88.63% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.13
PEG (5Y)N/A
EPS Next 2Y126.72%
EPS Next 3Y88.63%

More info and screens

0

5. Dividend

5.1 Amount

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

More info and screens

NEW GOLD INC

NYSEARCA:NGD (1/22/2025, 8:04:00 PM)

Premarket: 2.77 -0.04 (-1.42%)

2.81

-0.01 (-0.35%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)10-29 2024-10-29/amc
Earnings (Next)02-11 2025-02-11/amc
Inst Owners61.49%
Inst Owner Change-0.02%
Ins Owners4.81%
Ins Owner ChangeN/A
Market Cap2.22B
Analysts73.85
Price Target3.37 (19.93%)
Short Float %0.73%
Short Ratio0.63
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)52.66%
Min EPS beat(2)13.15%
Max EPS beat(2)92.16%
EPS beat(4)3
Avg EPS beat(4)161.97%
Min EPS beat(4)-149.5%
Max EPS beat(4)692.08%
EPS beat(8)6
Avg EPS beat(8)86.78%
EPS beat(12)7
Avg EPS beat(12)49.22%
EPS beat(16)10
Avg EPS beat(16)43.58%
Revenue beat(2)1
Avg Revenue beat(2)-0.54%
Min Revenue beat(2)-1.89%
Max Revenue beat(2)0.81%
Revenue beat(4)2
Avg Revenue beat(4)0.44%
Min Revenue beat(4)-1.89%
Max Revenue beat(4)3.22%
Revenue beat(8)5
Avg Revenue beat(8)0.87%
Revenue beat(12)8
Avg Revenue beat(12)-0.19%
Revenue beat(16)10
Avg Revenue beat(16)-0.67%
PT rev (1m)1.33%
PT rev (3m)14.47%
EPS NQ rev (1m)0%
EPS NQ rev (3m)5.47%
EPS NY rev (1m)0%
EPS NY rev (3m)38.98%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.13%
Revenue NY rev (1m)-0.46%
Revenue NY rev (3m)-1.73%
Valuation
Industry RankSector Rank
PE 25.55
Fwd PE 7.81
P/S 2.58
P/FCF 22.82
P/OCF 6.28
P/B 2.23
P/tB 2.23
EV/EBITDA 6.95
EPS(TTM)0.11
EY3.91%
EPS(NY)0.36
Fwd EY12.8%
FCF(TTM)0.12
FCFY4.38%
OCF(TTM)0.45
OCFY15.92%
SpS1.09
BVpS1.26
TBVpS1.26
PEG (NY)0.13
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.01%
ROE 2.02%
ROCE 5.91%
ROIC 4.67%
ROICexc 5.06%
ROICexgc 5.06%
OM 12.25%
PM (TTM) 2.33%
GM 78.7%
FCFM 11.31%
ROA(3y)-0.04%
ROA(5y)-1.41%
ROE(3y)-0.14%
ROE(5y)-3.62%
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 3Y-4.06%
ROICexcg growth 5Y39.14%
ROICexc growth 3Y-4.06%
ROICexc growth 5Y39.14%
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%
F-Score6
Asset Turnover0.43
Health
Industry RankSector Rank
Debt/Equity 0.45
Debt/FCF 4.62
Debt/EBITDA 1.24
Cap/Depr 99.42%
Cap/Sales 29.76%
Interest Coverage 2.86
Cash Conversion 97.36%
Profit Quality 484.58%
Current Ratio 1.42
Quick Ratio 0.84
Altman-Z 0.29
F-Score6
WACC10.12%
ROIC/WACC0.46
Cap/Depr(3y)129.43%
Cap/Depr(5y)127.82%
Cap/Sales(3y)38.48%
Cap/Sales(5y)39.96%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)57.14%
EPS 3Y32.64%
EPS 5YN/A
EPS Q2Q%166.67%
EPS Next Y195.79%
EPS Next 2Y126.72%
EPS Next 3Y88.63%
EPS Next 5Y70.55%
Revenue 1Y (TTM)14.85%
Revenue growth 3Y6.92%
Revenue growth 5Y5.4%
Sales Q2Q%25.19%
Revenue Next Year21.87%
Revenue Next 2Y26.57%
Revenue Next 3Y21.65%
Revenue Next 5Y16.86%
EBIT growth 1Y97.2%
EBIT growth 3Y-3.98%
EBIT growth 5Y38.11%
EBIT Next Year505.89%
EBIT Next 3Y137.18%
EBIT Next 5Y73.16%
FCF growth 1Y745.03%
FCF growth 3Y26.97%
FCF growth 5Y2.69%
OCF growth 1Y33.71%
OCF growth 3Y-0.82%
OCF growth 5Y4.31%