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

TSX:NGD • CA6445351068

Current stock price

12.16 CAD
+0.39 (+3.31%)
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

  • NGD had positive earnings in the past year.
  • 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 4 of the past 5 years.
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

  • NGD's Return On Assets of 10.52% is amongst the best of the industry. NGD outperforms 92.20% of its industry peers.
  • The Return On Equity of NGD (20.11%) is better than 95.09% of its industry peers.
  • The Return On Invested Capital of NGD (15.96%) is better than 96.60% of its industry peers.
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

  • NGD's Profit Margin of 20.07% is amongst the best of the industry. NGD outperforms 93.33% of its industry peers.
  • 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 94.84% of its industry peers.
  • In the last couple of years the Operating Margin of NGD has grown nicely.
  • NGD has a better Gross Margin (86.65%) than 99.37% of its industry peers.
  • NGD's Gross Margin has improved in the last couple of years.
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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4

2. NGD.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), NGD is creating some value.
  • NGD has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
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 3.50. This indicates that NGD is financially healthy and has little risk of bankruptcy at the moment.
  • NGD has a Altman-Z score (3.50) which is comparable to the rest of the industry.
  • 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 90.82% of the companies in the same industry.
  • NGD has a Debt/Equity ratio of 0.32. This is a healthy value indicating a solid balance between debt and equity.
  • NGD has a worse Debt to Equity ratio (0.32) than 70.06% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.32
Debt/FCF 4.95
Altman-Z 3.5
ROIC/WACC1.31
WACC12.16%
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.
  • With a Current ratio value of 0.88, NGD is not doing good in the industry: 65.28% 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 71.19% 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

3

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 273.68%, which is quite impressive.
  • Measured over the past years, NGD shows a very strong growth in Earnings Per Share. The EPS has been growing by 88.29% on average per year.
EPS 1Y (TTM)273.68%
EPS 3YN/A
EPS 5Y88.29%
EPS Q2Q%371.43%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%89.21%

3.2 Future

  • NGD is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.30% yearly.
  • NGD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.73% yearly.
EPS Next Y82.69%
EPS Next 2Y28.57%
EPS Next 3Y8.58%
EPS Next 5Y2.3%
Revenue Next Year66.02%
Revenue Next 2Y23.39%
Revenue Next 3Y5.73%
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 decreasing.
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

  • With a Price/Earnings ratio of 12.28, NGD is valued correctly.
  • Based on the Price/Earnings ratio, NGD is valued cheaply inside the industry as 95.09% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 27.38, NGD is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 6.74, the valuation of NGD can be described as very cheap.
  • 95.60% 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 38.20, NGD is valued rather cheaply.
Industry RankSector Rank
PE 12.28
Fwd PE 6.74
NGD.CA Price Earnings VS Forward Price EarningsNGD.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

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 93.96% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, NGD is valued cheaply inside the industry as 91.07% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 86.2
EV/EBITDA 10.3
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.
PEG (NY)0.15
PEG (5Y)0.14
EPS Next 2Y28.57%
EPS Next 3Y8.58%

More info and screens

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 (3/23/2026, 7:00:00 PM)

12.16

+0.39 (+3.31%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)03-20
Earnings (Next)04-27
Inst Owners70.15%
Inst Owner ChangeN/A
Ins Owners3.76%
Ins Owner ChangeN/A
Market Cap9.63B
Revenue(TTM)N/A
Net Income(TTM)249.30M
Analysts78
Price Target11.06 (-9.05%)
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)-16.44%
PT rev (3m)-5.17%
EPS NQ rev (1m)16.82%
EPS NQ rev (3m)8.7%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.62%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.14%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.67%
Valuation
Industry RankSector Rank
PE 12.28
Fwd PE 6.74
P/S 5.57
P/FCF 86.2
P/OCF 10.17
P/B 5.58
P/tB 5.58
EV/EBITDA 10.3
EPS(TTM)0.99
EY8.14%
EPS(NY)1.8
Fwd EY14.84%
FCF(TTM)0.14
FCFY1.16%
OCF(TTM)1.2
OCFY9.84%
SpS2.18
BVpS2.18
TBVpS2.18
PEG (NY)0.15
PEG (5Y)0.14
Graham Number6.96478 (-42.72%)
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 3.5
F-Score7
WACC12.16%
ROIC/WACC1.31
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)273.68%
EPS 3YN/A
EPS 5Y88.29%
EPS Q2Q%371.43%
EPS Next Y82.69%
EPS Next 2Y28.57%
EPS Next 3Y8.58%
EPS Next 5Y2.3%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%89.21%
Revenue Next Year66.02%
Revenue Next 2Y23.39%
Revenue Next 3Y5.73%
Revenue Next 5YN/A
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 5 / 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.


How profitable is NEW GOLD INC (NGD.CA) stock?

NEW GOLD INC (NGD.CA) has a profitability rating of 7 / 10.


How financially healthy is NEW GOLD INC?

The financial health rating of NEW GOLD INC (NGD.CA) is 4 / 10.


What is the expected EPS growth for NEW GOLD INC (NGD.CA) stock?

The Earnings per Share (EPS) of NEW GOLD INC (NGD.CA) is expected to grow by 82.69% in the next year.