NEW GOLD INC (NGD) Fundamental Analysis & Valuation

NYSEARCA:NGD • CA6445351068

10.72 USD
-0.33 (-2.99%)
At close: Mar 12, 2026
10.7335 USD
+0.01 (+0.13%)
After Hours: 3/12/2026, 8:04:00 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

We assign a fundamental rating of 6 out of 10 to NGD. NGD was compared to 157 industry peers in the Metals & Mining industry. NGD scores excellent on profitability, but there are concerns on its financial health. NGD is growing strongly while it also seems undervalued. This is an interesting combination


Dividend Valuation Growth Profitability Health

7

1. NGD Profitability Analysis

1.1 Basic Checks

  • In the past year NGD was profitable.
  • In the past year NGD had a positive cash flow from operations.
  • 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 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

  • NGD has a Return On Assets of 10.52%. This is amongst the best in the industry. NGD outperforms 85.35% of its industry peers.
  • NGD's Return On Equity of 20.11% is amongst the best of the industry. NGD outperforms 90.45% of its industry peers.
  • NGD has a better Return On Invested Capital (17.52%) than 90.45% of its industry peers.
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

  • NGD has a better Profit Margin (20.07%) than 81.53% 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 82.17% 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 100.00% 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 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

More info and screens

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.
  • Compared to 1 year ago, NGD has a worse debt to assets ratio.
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

  • NGD has an Altman-Z score of 4.47. This indicates that NGD is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 4.47, NGD is in line with its industry, outperforming 58.60% of the companies in the same 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.
  • The Debt to FCF ratio of NGD (4.95) is better than 70.06% 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 61.78% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.32
Debt/FCF 4.95
Altman-Z 4.47
ROIC/WACC1.7
WACC10.29%
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's Current ratio of 0.88 is on the low side compared to the rest of the industry. NGD is outperformed by 87.90% of its industry peers.
  • 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 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

More info and screens

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

8

3. NGD Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 309.09% over the past year.
  • 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

More info and screens

Find the best growth stocksShow best growing peers

7

4. NGD Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 23.82, the valuation of NGD can be described as rather expensive.
  • Based on the Price/Earnings ratio, NGD is valued a bit cheaper than the industry average as 74.52% of the companies are valued more expensively.
  • NGD's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.71.
  • The Price/Forward Earnings ratio is 8.26, which indicates a very decent valuation of NGD.
  • Based on the Price/Forward Earnings ratio, NGD is valued cheaper than 88.53% of the companies in the same industry.
  • NGD's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.82.
Industry RankSector Rank
PE 23.82
Fwd PE 8.26
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

  • NGD's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NGD is cheaper than 71.97% of the companies in the same industry.
  • 63.69% of the companies in the same industry are more expensive than NGD, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 105.7
EV/EBITDA 12.91
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 (3/12/2026, 8:04:00 PM)

After market: 10.7335 +0.01 (+0.13%)

10.72

-0.33 (-2.99%)

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 Cap8.49B
Revenue(TTM)1.24B
Net Income(TTM)249.30M
Analysts78
Price Target9.66 (-9.89%)
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 23.82
Fwd PE 8.26
P/S 6.83
P/FCF 105.7
P/OCF 12.47
P/B 6.85
P/tB 6.85
EV/EBITDA 12.91
EPS(TTM)0.45
EY4.2%
EPS(NY)1.3
Fwd EY12.1%
FCF(TTM)0.1
FCFY0.95%
OCF(TTM)0.86
OCFY8.02%
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 4.47
F-Score7
WACC10.29%
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 23.82 and the Price/Book (PB) ratio is 6.85.


How financially healthy is NEW GOLD INC?

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