Financials New Gold Inc.

Equities

NGD

CA6445351068

Gold

Market Closed - Toronto S.E. 04:00:00 2024-07-12 pm EDT 5-day change 1st Jan Change
3.25 CAD -0.91% Intraday chart for New Gold Inc. +10.54% +69.27%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 595.3 1,495 1,018 669.2 994.3 1,887 - -
Enterprise Value (EV) 1 1,250 1,797 1,027 863.3 994.3 2,113 1,751 1,143
P/E ratio -7.37 x -18.3 x 7.12 x -9.81 x -16.1 x 29.8 x 8.16 x 5.68 x
Yield - - - - - - - -
Capitalization / Revenue 0.94 x 2.32 x 1.37 x 1.11 x 1.26 x 1.96 x 1.6 x 1.42 x
EV / Revenue 1.98 x 2.79 x 1.38 x 1.43 x 1.26 x 2.19 x 1.48 x 0.86 x
EV / EBITDA 5.35 x 6.51 x 3.08 x 4.75 x 3.36 x 4.65 x 2.97 x 1.46 x
EV / FCF 123 x 170 x 13.4 x -8.46 x 45.8 x 25.3 x 5.32 x 1.98 x
FCF Yield 0.82% 0.59% 7.44% -11.8% 2.18% 3.95% 18.8% 50.5%
Price to Book 0.62 x 1.89 x 1.07 x 0.7 x 1.26 x 1.89 x - -
Nbr of stocks (in thousands) 672,865 679,869 680,857 682,276 686,584 790,536 - -
Reference price 2 0.8847 2.198 1.495 0.9809 1.448 2.387 2.387 2.387
Announcement Date 2/13/20 2/18/21 2/23/22 2/16/23 2/13/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 630.6 643.4 745.5 604.4 786.5 963.9 1,182 1,332
EBITDA 1 233.8 276 333 181.8 296 454.7 590 784.7
EBIT 1 -7.9 81.4 137.3 -13.6 61.8 194.1 362.8 529
Operating Margin -1.25% 12.65% 18.42% -2.25% 7.86% 20.14% 30.69% 39.7%
Earnings before Tax (EBT) 1 -73.9 -75 160.3 -65.4 -59.2 126.6 349.7 561
Net income 1 -74 -79.3 141 -66.8 -64.5 57.62 221.1 331
Net margin -11.73% -12.33% 18.91% -11.05% -8.2% 5.98% 18.7% 24.84%
EPS 2 -0.1200 -0.1200 0.2100 -0.1000 -0.0900 0.0800 0.2925 0.4200
Free Cash Flow 1 10.2 10.6 76.4 -102.1 21.7 83.52 329.1 578
FCF margin 1.62% 1.65% 10.25% -16.89% 2.76% 8.67% 27.84% 43.38%
FCF Conversion (EBITDA) 4.36% 3.84% 22.94% - 7.33% 18.37% 55.79% 73.66%
FCF Conversion (Net income) - - 54.18% - - 144.95% 148.84% 174.62%
Dividend per Share 2 - - - - - - - -
Announcement Date 2/13/20 2/18/21 2/23/22 2/16/23 2/13/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 202.6 174.7 115.7 151.2 162.8 201.6 184.4 201.3 199.2 192.1 224.8 249.7 320
EBITDA 1 92.3 67.3 26 44.2 44.4 76.2 68 85.2 66.4 77.8 90.53 109.4 178
EBIT 1 41 18.4 -13.1 -11 -7.9 21 14 26.4 0.4 15.1 22.97 43.26 106.9
Operating Margin 20.24% 10.53% -11.32% -7.28% -4.85% 10.42% 7.59% 13.11% 0.2% 7.86% 10.22% 17.33% 33.42%
Earnings before Tax (EBT) - - - - - - - - - - - - -
Net income 1 - - - -4.2 -16.9 - -2.6 -2.7 -27.4 -43.5 9.753 24.57 71.05
Net margin - - - -2.78% -10.38% - -1.41% -1.34% -13.76% -22.64% 4.34% 9.84% 22.2%
EPS 2 0.2200 -0.0100 -0.0600 -0.0100 -0.0200 -0.0500 - - - -0.0600 0.0100 0.0400 0.1000
Dividend per Share - - - - - - - - - - - - -
Announcement Date 2/23/22 5/2/22 8/4/22 11/3/22 2/16/23 4/26/23 7/26/23 10/25/23 2/13/24 4/30/24 - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 655 303 9.5 194 - 226 - -
Net Cash position 1 - - - - - - 136 744
Leverage (Debt/EBITDA) 2.802 x 1.097 x 0.0285 x 1.068 x - 0.497 x - -
Free Cash Flow 1 10.2 10.6 76.4 -102 21.7 83.5 329 578
ROE (net income / shareholders' equity) -7.77% -9.06% 16.2% -6.98% -7.38% 17% 27.3% 24%
ROA (Net income/ Total Assets) -3.42% -3.6% - -2.83% -2.85% 2% 9.15% 12.9%
Assets 1 2,164 2,204 - 2,360 2,265 2,881 2,417 2,566
Book Value Per Share 2 1.420 1.160 1.400 1.410 1.150 1.260 - -
Cash Flow per Share 2 0.3900 0.4100 0.4700 0.2700 0.4300 0.5500 0.7100 0.8600
Capex 1 253 284 247 293 266 302 216 98.3
Capex / Sales 40.17% 44.17% 33.17% 48.44% 33.81% 31.29% 18.31% 7.37%
Announcement Date 2/13/20 2/18/21 2/23/22 2/16/23 2/13/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
2.387 USD
Average target price
2.487 USD
Spread / Average Target
+4.20%
Consensus
  1. Stock Market
  2. Equities
  3. NGD Stock
  4. Financials New Gold Inc.