NEW GOLD INC (NGD) Fundamental Analysis & Valuation

NYSEARCA:NGD • CA6445351068

11.17 USD
-0.04 (-0.36%)
At close: Mar 9, 2026
11.11 USD
-0.06 (-0.54%)
After Hours: 3/9/2026, 8:25:26 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

Fundamental Rating

6

Taking everything into account, NGD scores 6 out of 10 in our fundamental rating. NGD was compared to 157 industry peers in the Metals & Mining industry. While NGD belongs to the best of the industry regarding profitability, there are concerns on its financial health. NGD has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination!


Dividend Valuation Growth Profitability Health

7

1. NGD Profitability Analysis

1.1 Basic Checks

  • NGD had positive earnings in the past year.
  • In the past year NGD had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: NGD reported negative net income in multiple years.
  • In the past 5 years NGD always reported a positive cash flow from operatings.
NGD Yearly Net Income VS EBIT VS OCF VS FCFNGD 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

  • With an excellent Return On Assets value of 10.52%, NGD belongs to the best of the industry, outperforming 85.35% of the companies in the same industry.
  • With an excellent Return On Equity value of 20.11%, NGD belongs to the best of the industry, outperforming 90.45% of the companies in the same industry.
  • With an excellent Return On Invested Capital value of 17.52%, NGD belongs to the best of the industry, outperforming 90.45% of the companies in the same industry.
Industry RankSector Rank
ROA 10.52%
ROE 20.11%
ROIC 17.52%
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 Yearly ROA, ROE, ROICNGD 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 81.53% of the companies in the same industry.
  • In the last couple of years the Profit Margin of NGD has declined.
  • With an excellent Operating Margin value of 36.13%, NGD belongs to the best of the industry, outperforming 82.17% of the companies in the same industry.
  • 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 100.00% 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 Yearly Profit, Operating, Gross MarginsNGD 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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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. NGD 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.
  • Compared to 1 year ago, NGD has more shares outstanding
  • NGD has more shares outstanding than it did 5 years ago.
  • NGD has a worse debt/assets ratio than last year.
NGD Yearly Shares OutstandingNGD Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
NGD Yearly Total Debt VS Total AssetsNGD 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 4.54 indicates that NGD is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 4.54, NGD is in line with its industry, outperforming 59.87% of the companies in the same 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.
  • Looking at the Debt to FCF ratio, with a value of 4.95, NGD is in the better half of the industry, outperforming 70.06% of the companies in the same industry.
  • A Debt/Equity ratio of 0.32 indicates that NGD is not too dependend on debt financing.
  • The Debt to Equity ratio of NGD (0.32) is worse than 61.78% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.32
Debt/FCF 4.95
Altman-Z 4.54
ROIC/WACC1.7
WACC10.28%
NGD Yearly LT Debt VS Equity VS FCFNGD 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 has a Current ratio of 0.88. This is amonst the worse of the industry: NGD underperforms 87.90% of its industry peers.
  • NGD has a Quick 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 Quick ratio of 0.48 is on the low side compared to the rest of the industry. NGD is outperformed by 89.81% of its industry peers.
Industry RankSector Rank
Current Ratio 0.88
Quick Ratio 0.48
NGD Yearly Current Assets VS Current LiabilitesNGD 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 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.
  • Looking at the last year, NGD shows a very strong growth in Revenue. The Revenue has grown by 44.19%.
  • The Revenue has been growing slightly by 7.95% on average over the past years.
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

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
NGD Yearly Revenue VS EstimatesNGD 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 Yearly EPS VS EstimatesNGD 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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Find the best growth stocksShow best growing peers

7

4. NGD Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 24.82, which indicates a rather expensive current valuation of NGD.
  • 74.52% of the companies in the same industry are more expensive than NGD, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of NGD to the average of the S&P500 Index (26.46), we can say NGD is valued inline with the index average.
  • With a Price/Forward Earnings ratio of 8.61, the valuation of NGD can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, NGD is valued cheaper than 87.90% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of NGD to the average of the S&P500 Index (24.65), we can say NGD is valued rather cheaply.
Industry RankSector Rank
PE 24.82
Fwd PE 8.61
NGD Price Earnings VS Forward Price EarningsNGD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 71.34% of the companies in the same industry are more expensive than NGD, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, NGD is valued a bit cheaper than 63.69% of the companies in the same industry.
Industry RankSector Rank
P/FCF 110.13
EV/EBITDA 13.09
NGD Per share dataNGD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.5 1 1.5

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.
  • NGD's earnings are expected to grow with 83.48% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.11
PEG (5Y)N/A
EPS Next 2Y161.29%
EPS Next 3Y83.48%

More info and screens

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

0

5. NGD Dividend Analysis

5.1 Amount

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

More info and screens

Find the best dividend stocksShow peers with best dividend

NGD Fundamentals: All Metrics, Ratios and Statistics

NEW GOLD INC

NYSEARCA:NGD (3/9/2026, 8:25:26 PM)

After market: 11.11 -0.06 (-0.54%)

11.17

-0.04 (-0.36%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-20
Earnings (Next)04-27
Inst Owners70.15%
Inst Owner Change13.36%
Ins Owners3.76%
Ins Owner ChangeN/A
Market Cap8.84B
Revenue(TTM)1.24B
Net Income(TTM)249.30M
Analysts78
Price Target9.66 (-13.52%)
Short Float %1.71%
Short Ratio0.66
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)3.96%
PT rev (3m)24.12%
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 RankSector Rank
PE 24.82
Fwd PE 8.61
P/S 7.12
P/FCF 110.13
P/OCF 12.99
P/B 7.13
P/tB 7.13
EV/EBITDA 13.09
EPS(TTM)0.45
EY4.03%
EPS(NY)1.3
Fwd EY11.61%
FCF(TTM)0.1
FCFY0.91%
OCF(TTM)0.86
OCFY7.7%
SpS1.57
BVpS1.57
TBVpS1.57
PEG (NY)0.11
PEG (5Y)N/A
Graham Number3.98
Profitability
Industry RankSector Rank
ROA 10.52%
ROE 20.11%
ROCE 22.17%
ROIC 17.52%
ROICexc 18.66%
ROICexgc 18.66%
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 4.54
F-Score7
WACC10.28%
ROIC/WACC1.7
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 FAQ

What is the ChartMill fundamental rating of NEW GOLD INC (NGD) stock?

ChartMill assigns a fundamental rating of 6 / 10 to NGD.


Can you provide the valuation status for NEW GOLD INC?

ChartMill assigns a valuation rating of 7 / 10 to NEW GOLD INC (NGD). This can be considered as Undervalued.


Can you provide the profitability details for NEW GOLD INC?

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


What are the PE and PB ratios of NEW GOLD INC (NGD) stock?

The Price/Earnings (PE) ratio for NEW GOLD INC (NGD) is 24.82 and the Price/Book (PB) ratio is 7.13.


How financially healthy is NEW GOLD INC?

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