NEW GOLD INC (NGD.CA) Fundamental Analysis & Valuation
TSX:NGD • CA6445351068
15.23 CAD
+0.03 (+0.2%)
Last: Mar 9, 2026, 07:00 PM
This NGD.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Overall NGD gets a fundamental rating of 6 out of 10. We evaluated NGD against 815 industry peers in the Metals & Mining industry. NGD has an excellent profitability rating, but there are concerns on its financial health. NGD is growing strongly while it also seems undervalued. This is an interesting combination
1. NGD.CA Profitability Analysis
1.1 Basic Checks
- In the past year NGD was profitable.
- NGD had a positive operating cash flow in the past year.
- The reported net income has been mixed in the past 5 years: NGD reported negative net income in multiple years.
- NGD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- With an excellent Return On Assets value of 10.52%, NGD belongs to the best of the industry, outperforming 92.52% of the companies in the same industry.
- NGD's Return On Equity of 20.11% is amongst the best of the industry. NGD outperforms 95.21% of its industry peers.
- NGD has a Return On Invested Capital of 15.96%. This is amongst the best in the industry. NGD outperforms 96.56% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.52% | ||
| ROE | 20.11% | ||
| ROIC | 15.96% |
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 (20.07%) than 93.62% of its industry peers.
- In the last couple of years the Profit Margin of NGD has declined.
- NGD has a better Operating Margin (36.13%) than 95.21% of its industry peers.
- NGD's Operating Margin has improved in the last couple of years.
- The Gross Margin of NGD (86.65%) is better than 99.39% of its industry peers.
- NGD's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 36.13% | ||
| PM (TTM) | 20.07% | ||
| GM | 86.65% |
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. NGD.CA Health Analysis
2.1 Basic Checks
- NGD has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- The number of shares outstanding for NGD has been increased compared to 1 year ago.
- NGD has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, NGD has a worse debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 4.55 indicates that NGD is not in any danger for bankruptcy at the moment.
- NGD's Altman-Z score of 4.55 is in line compared to the rest of the industry. NGD outperforms 52.39% of its industry peers.
- The Debt to FCF ratio of NGD is 4.95, which is a neutral value as it means it would take NGD, 4.95 years of fcf income to pay off all of its debts.
- NGD's Debt to FCF ratio of 4.95 is amongst the best of the industry. NGD outperforms 91.17% of its industry peers.
- NGD has a Debt/Equity ratio of 0.32. This is a healthy value indicating a solid balance between debt and equity.
- The Debt to Equity ratio of NGD (0.32) is worse than 69.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 4.95 | ||
| Altman-Z | 4.55 |
ROIC/WACC1.56
WACC10.21%
2.3 Liquidity
- NGD has a Current Ratio of 0.88. This is a bad value and indicates that NGD is not financially healthy enough and could expect problems in meeting its short term obligations.
- With a Current ratio value of 0.88, NGD is not doing good in the industry: 62.82% of the companies in the same industry are doing better.
- A Quick Ratio of 0.48 indicates that NGD may have some problems paying its short term obligations.
- NGD's Quick ratio of 0.48 is on the low side compared to the rest of the industry. NGD is outperformed by 69.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.48 |
3. NGD.CA Growth Analysis
3.1 Past
- NGD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 309.09%, which is quite impressive.
- The Earnings Per Share has been growing by 16.55% on average over the past years. This is quite good.
- The Revenue has grown by 44.19% 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 7.95% yearly.
EPS 1Y (TTM)309.09%
EPS 3Y16.55%
EPS 5YN/A
EPS Q2Q%212.5%
Revenue 1Y (TTM)44.19%
Revenue growth 3Y7.44%
Revenue growth 5Y7.95%
Sales Q2Q%83.53%
3.2 Future
- NGD is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 32.56% yearly.
- The Revenue is expected to grow by 17.05% on average over the next years. This is quite good.
EPS Next Y222.74%
EPS Next 2Y161.29%
EPS Next 3Y83.48%
EPS Next 5Y32.56%
Revenue Next Year58.81%
Revenue Next 2Y62.38%
Revenue Next 3Y34.22%
Revenue Next 5Y17.05%
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.
4. NGD.CA Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 24.97, 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 91.17% of the companies listed in the same industry.
- NGD is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.45, which is the current average of the S&P500 Index.
- Based on the Price/Forward Earnings ratio of 8.65, the valuation of NGD can be described as reasonable.
- NGD's Price/Forward Earnings ratio is rather cheap when compared to the industry. NGD is cheaper than 94.85% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 24.65. NGD is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.97 | ||
| Fwd PE | 8.65 |
4.2 Price Multiples
- NGD's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. NGD is cheaper than 93.86% of the companies in the same industry.
- 90.80% of the companies in the same industry are more expensive than NGD, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 110.66 | ||
| EV/EBITDA | 13.11 |
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 has a very decent profitability rating, which may justify a higher PE ratio.
- A more expensive valuation may be justified as NGD's earnings are expected to grow with 83.48% in the coming years.
PEG (NY)0.11
PEG (5Y)N/A
EPS Next 2Y161.29%
EPS Next 3Y83.48%
5. NGD.CA Dividend Analysis
5.1 Amount
- NGD does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
NGD.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:NGD (3/9/2026, 7:00:00 PM)
15.23
+0.03 (+0.2%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-20 2026-02-20/amc
Earnings (Next)04-27 2026-04-27
Inst Owners70.15%
Inst Owner ChangeN/A
Ins Owners3.76%
Ins Owner ChangeN/A
Market Cap12.06B
Revenue(TTM)1.24B
Net Income(TTM)249.30M
Analysts78
Price Target13.23 (-13.13%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)20.36%
Min EPS beat(2)4.72%
Max EPS beat(2)36%
EPS beat(4)4
Avg EPS beat(4)47.2%
Min EPS beat(4)4.72%
Max EPS beat(4)131.06%
EPS beat(8)7
Avg EPS beat(8)104.59%
EPS beat(12)10
Avg EPS beat(12)73.59%
EPS beat(16)11
Avg EPS beat(16)48.71%
Revenue beat(2)1
Avg Revenue beat(2)2.44%
Min Revenue beat(2)-4.85%
Max Revenue beat(2)9.74%
Revenue beat(4)2
Avg Revenue beat(4)6.7%
Min Revenue beat(4)-4.85%
Max Revenue beat(4)24.28%
Revenue beat(8)4
Avg Revenue beat(8)3.57%
Revenue beat(12)7
Avg Revenue beat(12)2.81%
Revenue beat(16)10
Avg Revenue beat(16)1.53%
PT rev (1m)4.01%
PT rev (3m)21.45%
EPS NQ rev (1m)1.9%
EPS NQ rev (3m)-6.96%
EPS NY rev (1m)-1.16%
EPS NY rev (3m)-1.62%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.14%
Revenue NY rev (1m)-0.67%
Revenue NY rev (3m)-0.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.97 | ||
| Fwd PE | 8.65 | ||
| P/S | 7.15 | ||
| P/FCF | 110.66 | ||
| P/OCF | 13.05 | ||
| P/B | 7.17 | ||
| P/tB | 7.17 | ||
| EV/EBITDA | 13.11 |
EPS(TTM)0.61
EY4.01%
EPS(NY)1.76
Fwd EY11.56%
FCF(TTM)0.14
FCFY0.9%
OCF(TTM)1.17
OCFY7.66%
SpS2.13
BVpS2.12
TBVpS2.12
PEG (NY)0.11
PEG (5Y)N/A
Graham Number5.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.52% | ||
| ROE | 20.11% | ||
| ROCE | 22.17% | ||
| ROIC | 15.96% | ||
| ROICexc | 17.01% | ||
| ROICexgc | 17.01% | ||
| OM | 36.13% | ||
| PM (TTM) | 20.07% | ||
| GM | 86.65% | ||
| FCFM | 6.46% |
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
ROICexgc growth 3Y11.53%
ROICexgc 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 Turnover0.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 4.95 | ||
| Debt/EBITDA | 0.57 | ||
| Cap/Depr | 240.3% | ||
| Cap/Sales | 48.34% | ||
| Interest Coverage | 9.82 | ||
| Cash Conversion | 97.44% | ||
| Profit Quality | 32.21% | ||
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.48 | ||
| Altman-Z | 4.55 |
F-Score7
WACC10.21%
ROIC/WACC1.56
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)309.09%
EPS 3Y16.55%
EPS 5YN/A
EPS Q2Q%212.5%
EPS Next Y222.74%
EPS Next 2Y161.29%
EPS Next 3Y83.48%
EPS Next 5Y32.56%
Revenue 1Y (TTM)44.19%
Revenue growth 3Y7.44%
Revenue growth 5Y7.95%
Sales Q2Q%83.53%
Revenue Next Year58.81%
Revenue Next 2Y62.38%
Revenue Next 3Y34.22%
Revenue Next 5Y17.05%
EBIT growth 1Y325.4%
EBIT growth 3Y10.12%
EBIT growth 5YN/A
EBIT Next Year452.23%
EBIT Next 3Y121.53%
EBIT Next 5Y48.65%
FCF growth 1Y388.85%
FCF growth 3Y16.79%
FCF growth 5Y64.19%
OCF growth 1Y173.63%
OCF growth 3Y6.66%
OCF growth 5Y8.31%
NEW GOLD INC / NGD.CA FAQ
What is the ChartMill fundamental rating of NEW GOLD INC (NGD.CA) stock?
ChartMill assigns a fundamental rating of 6 / 10 to NGD.CA.
Can you provide the valuation status for NEW GOLD INC?
ChartMill assigns a valuation rating of 8 / 10 to NEW GOLD INC (NGD.CA). This can be considered as Undervalued.
Can you provide the profitability details for NEW GOLD INC?
NEW GOLD INC (NGD.CA) has a profitability rating of 7 / 10.
What are the PE and PB ratios of NEW GOLD INC (NGD.CA) stock?
The Price/Earnings (PE) ratio for NEW GOLD INC (NGD.CA) is 24.97 and the Price/Book (PB) ratio is 7.17.
How financially healthy is NEW GOLD INC?
The financial health rating of NEW GOLD INC (NGD.CA) is 3 / 10.