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

  • 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.
  • 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

  • Looking at the Return On Assets, with a value of 10.52%, NGD belongs to the top of the industry, outperforming 92.20% 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 95.09% of the companies in the same industry.
  • 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

  • The Profit Margin of NGD (20.07%) is better than 93.33% of its industry peers.
  • NGD's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 36.13%, NGD belongs to the top of the industry, outperforming 94.84% of the companies in the same industry.
  • In the last couple of years the Operating Margin of NGD has grown nicely.
  • NGD has a Gross Margin of 86.65%. This is amongst the best in the industry. NGD outperforms 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

  • An Altman-Z score of 3.50 indicates that NGD is not in any danger for bankruptcy at the moment.
  • NGD has a Altman-Z score (3.50) which is comparable to the rest of the industry.
  • NGD has a debt to FCF ratio of 4.95. This is a neutral value as NGD would need 4.95 years to pay back of all of its debts.
  • NGD's Debt to FCF ratio of 4.95 is amongst the best of the industry. NGD outperforms 90.82% of its industry peers.
  • A Debt/Equity ratio of 0.32 indicates that NGD is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.32, NGD is doing worse than 70.06% of the companies in the same industry.
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

  • A Current Ratio of 0.88 indicates that NGD may have some problems paying 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 65.28% 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 worse Quick ratio (0.48) than 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

  • The Earnings Per Share has grown by an impressive 273.68% over the past year.
  • NGD shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 88.29% yearly.
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

  • Based on estimates for the next years, NGD will show a small growth in Earnings Per Share. The EPS will grow by 2.30% on average per year.
  • The Revenue is expected to grow by 5.73% on average over the next years.
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

  • NGD is valuated correctly with a Price/Earnings ratio of 12.28.
  • Compared to the rest of the industry, the Price/Earnings ratio of NGD indicates a rather cheap valuation: NGD is cheaper than 95.09% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.34, NGD is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 6.74, the valuation of NGD can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, NGD is valued cheaper than 95.60% of the companies in the same industry.
  • NGD is valuated cheaply when we compare the Price/Forward Earnings ratio to 38.18, which is the current average of the S&P500 Index.
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

  • Based on the Enterprise Value to EBITDA ratio, NGD is valued cheaper than 93.96% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of NGD indicates a rather cheap valuation: NGD is cheaper than 91.07% of the companies listed in the same industry.
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

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of NGD may justify a higher PE ratio.
PEG (NY)0.15
PEG (5Y)0.14
EPS Next 2Y28.57%
EPS Next 3Y8.58%

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

0

5. NGD.CA Dividend Analysis

5.1 Amount

  • No dividends for NGD!.
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 Number6.96
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.