NEW GOLD INC (NGD.CA) Fundamental Analysis & Valuation

TSX:NGD • CA6445351068

Current stock price

14.19 CAD
+0.08 (+0.57%)
Last:

This NGD.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

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.
  • In multiple years NGD reported negative net income over the last 5 years.
  • In the past 5 years NGD always reported a positive cash flow from operatings.
NGD.CA Yearly Net Income VS EBIT VS OCF VS FCFNGD.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -500M -1B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 10.52%, NGD belongs to the top of the industry, outperforming 92.21% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 20.11%, NGD belongs to the top of the industry, outperforming 95.01% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 15.96%, NGD belongs to the top of the industry, outperforming 96.59% of the companies in the same industry.
Industry RankSector 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
NGD.CA Yearly ROA, ROE, ROICNGD.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100

1.3 Margins

  • With an excellent Profit Margin value of 20.07%, NGD belongs to the best of the industry, outperforming 93.67% of the companies in the same industry.
  • In the last couple of years the Profit Margin of NGD has declined.
  • NGD has a Operating Margin of 36.13%. This is amongst the best in the industry. NGD outperforms 95.26% of its industry peers.
  • NGD's Operating Margin has improved in the last couple of years.
  • NGD has a Gross Margin of 86.65%. This is amongst the best in the industry. NGD outperforms 99.39% of its industry peers.
  • In the last couple of years the Gross Margin of NGD has grown nicely.
Industry RankSector 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%
NGD.CA Yearly Profit, Operating, Gross MarginsNGD.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 -100 -150 -200

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3

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.
  • 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 is higher compared to a year ago.
NGD.CA Yearly Shares OutstandingNGD.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
NGD.CA Yearly Total Debt VS Total AssetsNGD.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.2 Solvency

  • NGD has an Altman-Z score of 4.18. This indicates that NGD is financially healthy and has little risk of bankruptcy at the moment.
  • NGD's Altman-Z score of 4.18 is in line compared to the rest of the industry. NGD outperforms 52.92% 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.
  • With an excellent Debt to FCF ratio value of 4.95, NGD belongs to the best of the industry, outperforming 91.12% of the companies in the same industry.
  • A Debt/Equity ratio of 0.32 indicates that NGD is not too dependend on debt financing.
  • NGD's Debt to Equity ratio of 0.32 is on the low side compared to the rest of the industry. NGD is outperformed by 68.61% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.32
Debt/FCF 4.95
Altman-Z 4.18
ROIC/WACC1.45
WACC11%
NGD.CA Yearly LT Debt VS Equity VS FCFNGD.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B 2B

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.
  • NGD's Current ratio of 0.88 is on the low side compared to the rest of the industry. NGD is outperformed by 62.53% of its industry peers.
  • A Quick Ratio of 0.48 indicates that NGD may have some problems paying its short term obligations.
  • NGD has a Quick ratio of 0.48. This is in the lower half of the industry: NGD underperforms 68.86% of its industry peers.
Industry RankSector Rank
Current Ratio 0.88
Quick Ratio 0.48
NGD.CA Yearly Current Assets VS Current LiabilitesNGD.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

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.
  • NGD shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.55% yearly.
  • Looking at the last year, NGD shows a very strong growth in Revenue. The Revenue has grown by 44.19%.
  • Measured over the past years, NGD shows a small growth in Revenue. The Revenue has been growing by 7.95% on average per year.
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

  • The Earnings Per Share is expected to grow by 32.56% on average over the next years. This is a very strong growth
  • 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.
NGD.CA Yearly Revenue VS EstimatesNGD.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B 2B
NGD.CA Yearly EPS VS EstimatesNGD.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 0.2 0.4 0.6 0.8 1

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8

4. NGD.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 22.89 indicates a rather expensive valuation of NGD.
  • 90.88% of the companies in the same industry are more expensive than NGD, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 25.79, NGD is valued at the same level.
  • With a Price/Forward Earnings ratio of 7.98, the valuation of NGD can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, NGD is valued cheaper than 94.53% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.80. NGD is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 22.89
Fwd PE 7.98
NGD.CA Price Earnings VS Forward Price EarningsNGD.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • NGD's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. NGD is cheaper than 93.92% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, NGD is valued cheaper than 90.88% of the companies in the same industry.
Industry RankSector Rank
P/FCF 102.08
EV/EBITDA 12.12
NGD.CA Per share dataNGD.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.5 1 1.5 2

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.
  • NGD has a very decent profitability rating, which may justify a higher PE ratio.
  • NGD's earnings are expected to grow with 83.48% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.1
PEG (5Y)N/A
EPS Next 2Y161.29%
EPS Next 3Y83.48%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. NGD.CA Dividend Analysis

5.1 Amount

  • NGD does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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NGD.CA Fundamentals: All Metrics, Ratios and Statistics

NEW GOLD INC

TSX:NGD (3/17/2026, 7:00:00 PM)

14.19

+0.08 (+0.57%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-20
Earnings (Next)04-27
Inst Owners70.15%
Inst Owner ChangeN/A
Ins Owners3.76%
Ins Owner ChangeN/A
Market Cap11.23B
Revenue(TTM)1.24B
Net Income(TTM)249.30M
Analysts78
Price Target13.23 (-6.77%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)16.82%
EPS NQ rev (3m)8.7%
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 RankSector Rank
PE 22.89
Fwd PE 7.98
P/S 6.6
P/FCF 102.08
P/OCF 12.04
P/B 6.61
P/tB 6.61
EV/EBITDA 12.12
EPS(TTM)0.62
EY4.37%
EPS(NY)1.78
Fwd EY12.53%
FCF(TTM)0.14
FCFY0.98%
OCF(TTM)1.18
OCFY8.31%
SpS2.15
BVpS2.15
TBVpS2.15
PEG (NY)0.1
PEG (5Y)N/A
Graham Number5.47
Profitability
Industry RankSector 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 RankSector 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 4.18
F-Score7
WACC11%
ROIC/WACC1.45
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 Fundamental Analysis 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 22.89 and the Price/Book (PB) ratio is 6.61.


How financially healthy is NEW GOLD INC?

The financial health rating of NEW GOLD INC (NGD.CA) is 3 / 10.