NEW GOLD INC (NGD)
CA6445351068 - Common Stock
We assign a fundamental rating of 5 out of 10 to NGD. NGD was compared to 155 industry peers in the Metals & Mining industry. While NGD is still in line with the averages on profitability rating, there are concerns on its financial health. NGD is evaluated to be cheap and growing strongly. This does not happen too often!
1. Profitability
1.1 Basic Checks
NGD had positive earnings in the past year.
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.
1.2 Ratios
NGD has a Return On Assets (1.01%) which is in line with its industry peers.
NGD has a Return On Equity of 2.02%. This is comparable to the rest of the industry: NGD outperforms 58.06% of its industry peers.
NGD has a Return On Invested Capital (4.67%) which is in line with its industry peers.
| Industry Rank | Sector 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
1.3 Margins
NGD's Profit Margin of 2.33% is fine compared to the rest of the industry. NGD outperforms 63.87% of its industry peers.
The Operating Margin of NGD (12.25%) is better than 69.03% of its industry peers.
NGD's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 78.70%, NGD belongs to the top of the industry, outperforming 99.35% of the companies in the same industry.
In the last couple of years the Gross Margin of NGD has remained more or less at the same level.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
NGD has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, NGD has more shares outstanding
Compared to 5 years ago, NGD has more shares outstanding
Compared to 1 year ago, NGD has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.15, we must say that NGD is in the distress zone and has some risk of bankruptcy.
NGD's Altman-Z score of 0.15 is on the low side compared to the rest of the industry. NGD is outperformed by 82.58% of its industry peers.
NGD has a debt to FCF ratio of 4.62. This is a neutral value as NGD would need 4.62 years to pay back of all of its debts.
NGD has a better Debt to FCF ratio (4.62) than 69.03% of its industry peers.
A Debt/Equity ratio of 0.45 indicates that NGD is not too dependend on debt financing.
NGD has a worse Debt to Equity ratio (0.45) than 74.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 4.62 | ||
| Altman-Z | 0.15 |
ROIC/WACC0.46
WACC10.2%
2.3 Liquidity
A Current Ratio of 1.42 indicates that NGD should not have too much problems paying its short term obligations.
NGD has a Current ratio of 1.42. This is in the lower half of the industry: NGD underperforms 76.77% of its industry peers.
A Quick Ratio of 0.84 indicates that NGD may have some problems paying its short term obligations.
NGD has a worse Quick ratio (0.84) than 78.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.42 | ||
| Quick Ratio | 0.84 |
3. Growth
3.1 Past
NGD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 57.14%, which is quite impressive.
NGD shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 32.64% yearly.
NGD shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.85%.
Measured over the past years, NGD shows a small growth in Revenue. The Revenue has been growing by 5.40% on average per year.
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 67.36% on average per year.
The Revenue is expected to grow by 16.86% on average over the next years. This is quite good.
EPS Next Y195.79%
EPS Next 2Y126.72%
EPS Next 3Y88.63%
EPS Next 5Y67.36%
Revenue Next Year22.43%
Revenue Next 2Y26.67%
Revenue Next 3Y21.02%
Revenue Next 5Y16.86%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 23.00 indicates a rather expensive valuation of NGD.
Based on the Price/Earnings ratio, NGD is valued a bit cheaper than 63.87% of the companies in the same industry.
NGD's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.54.
The Price/Forward Earnings ratio is 7.03, which indicates a rather cheap valuation of NGD.
NGD's Price/Forward Earnings ratio is rather cheap when compared to the industry. NGD is cheaper than 87.10% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.99. NGD is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23 | ||
| Fwd PE | 7.03 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NGD is valued a bit cheaper than 74.19% of the companies in the same industry.
76.13% 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 | 20.54 | ||
| EV/EBITDA | 6.31 |
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.
A more expensive valuation may be justified as NGD's earnings are expected to grow with 88.63% in the coming years.
PEG (NY)0.12
PEG (5Y)N/A
EPS Next 2Y126.72%
EPS Next 3Y88.63%
5. Dividend
5.1 Amount
No dividends for NGD!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NEW GOLD INC
NYSEARCA:NGD (12/26/2024, 3:34:57 PM)
2.53
+0.01 (+0.4%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners61.49%
Inst Owner Change8.12%
Ins Owners4.81%
Ins Owner ChangeN/A
Market Cap2.00B
Analysts73.85
Price Target3.33 (31.62%)
Short Float %0.58%
Short Ratio0.49
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/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)6.88%
PT rev (3m)17.83%
EPS NQ rev (1m)0%
EPS NQ rev (3m)5.47%
EPS NY rev (1m)16.62%
EPS NY rev (3m)38.98%
Revenue NQ rev (1m)-1.47%
Revenue NQ rev (3m)-2.13%
Revenue NY rev (1m)-0.74%
Revenue NY rev (3m)-1.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23 | ||
| Fwd PE | 7.03 | ||
| P/S | 2.32 | ||
| P/FCF | 20.54 | ||
| P/OCF | 5.66 | ||
| P/B | 2.01 | ||
| P/tB | 2.01 | ||
| EV/EBITDA | 6.31 |
EPS(TTM)0.11
EY4.35%
EPS(NY)0.36
Fwd EY14.22%
FCF(TTM)0.12
FCFY4.87%
OCF(TTM)0.45
OCFY17.68%
SpS1.09
BVpS1.26
TBVpS1.26
PEG (NY)0.12
PEG (5Y)N/A
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 0.15 |
F-Score6
WACC10.2%
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 5Y67.36%
Revenue 1Y (TTM)14.85%
Revenue growth 3Y6.92%
Revenue growth 5Y5.4%
Sales Q2Q%25.19%
Revenue Next Year22.43%
Revenue Next 2Y26.67%
Revenue Next 3Y21.02%
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 5Y70.46%
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%