Financials New Gold Inc.

Equities

NGD

CA6445351068

Gold

Market Closed - Toronto S.E. 16:00:00 2024-06-13 EDT 5-day change 1st Jan Change
2.69 CAD -1.10% Intraday chart for New Gold Inc. -8.19% +40.10%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 595.3 1,495 1,018 669.2 994.3 1,546 - -
Enterprise Value (EV) 1 1,250 1,797 1,027 863.3 994.3 1,776 1,410 802.8
P/E ratio -7.37 x -18.3 x 7.12 x -9.81 x -16.1 x 21.1 x 7.7 x 4.66 x
Yield - - - - - - - -
Capitalization / Revenue 0.94 x 2.32 x 1.37 x 1.11 x 1.26 x 1.63 x 1.37 x 1.16 x
EV / Revenue 1.98 x 2.79 x 1.38 x 1.43 x 1.26 x 1.87 x 1.25 x 0.6 x
EV / EBITDA 5.35 x 6.51 x 3.08 x 4.75 x 3.36 x 3.94 x 2.46 x 1.02 x
EV / FCF 123 x 170 x 13.4 x -8.46 x 45.8 x 21.1 x 4.35 x 1.39 x
FCF Yield 0.82% 0.59% 7.44% -11.8% 2.18% 4.74% 23% 72%
Price to Book 0.62 x 1.89 x 1.07 x 0.7 x 1.26 x 1.55 x - -
Nbr of stocks (in thousands) 672,865 679,869 680,857 682,276 686,584 790,475 - -
Reference price 2 0.8847 2.198 1.495 0.9809 1.448 1.956 1.956 1.956
Announcement Date 20-02-13 21-02-18 22-02-23 23-02-16 24-02-13 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 630.6 643.4 745.5 604.4 786.5 951.4 1,130 1,332
EBITDA 1 233.8 276 333 181.8 296 450.8 572.5 784.7
EBIT 1 -7.9 81.4 137.3 -13.6 61.8 179.6 294.8 529
Operating Margin -1.25% 12.65% 18.42% -2.25% 7.86% 18.87% 26.08% 39.7%
Earnings before Tax (EBT) 1 -73.9 -75 160.3 -65.4 -59.2 124.8 292.3 561
Net income 1 -74 -79.3 141 -66.8 -64.5 67.96 193.4 331
Net margin -11.73% -12.33% 18.91% -11.05% -8.2% 7.14% 17.11% 24.84%
EPS 2 -0.1200 -0.1200 0.2100 -0.1000 -0.0900 0.0925 0.2540 0.4200
Free Cash Flow 1 10.2 10.6 76.4 -102.1 21.7 84.28 324.2 578
FCF margin 1.62% 1.65% 10.25% -16.89% 2.76% 8.86% 28.68% 43.38%
FCF Conversion (EBITDA) 4.36% 3.84% 22.94% - 7.33% 18.69% 56.62% 73.66%
FCF Conversion (Net income) - - 54.18% - - 124.01% 167.57% 174.62%
Dividend per Share 2 - - - - - - - -
Announcement Date 20-02-13 21-02-18 22-02-23 23-02-16 24-02-13 - - -
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 1 202.6 174.7 115.7 151.2 162.8 201.6 184.4 201.3 199.2 192.1 216.8 258 296.8
EBITDA 1 92.3 67.3 26 44.2 44.4 76.2 68 85.2 66.4 77.8 74.26 118.9 151.9
EBIT 1 41 18.4 -13.1 -11 -7.9 21 14 26.4 0.4 15.1 18.11 53.38 79.66
Operating Margin 20.24% 10.53% -11.32% -7.28% -4.85% 10.42% 7.59% 13.11% 0.2% 7.86% 8.35% 20.69% 26.84%
Earnings before Tax (EBT) - - - - - - - - - - - - -
Net income 1 - - - -4.2 -16.9 - -2.6 -2.7 -27.4 -43.5 6.206 31.96 51.14
Net margin - - - -2.78% -10.38% - -1.41% -1.34% -13.76% -22.64% 2.86% 12.39% 17.23%
EPS 2 0.2200 -0.0100 -0.0600 -0.0100 -0.0200 -0.0500 - - - -0.0600 0.0100 0.0500 0.0700
Dividend per Share - - - - - - - - - - - - -
Announcement Date 22-02-23 22-05-02 22-08-04 22-11-03 23-02-16 23-04-26 23-07-26 23-10-25 24-02-13 24-04-30 - - -
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 - 230 - -
Net Cash position 1 - - - - - - 136 744
Leverage (Debt/EBITDA) 2.802 x 1.097 x 0.0285 x 1.068 x - 0.5102 x - -
Free Cash Flow 1 10.2 10.6 76.4 -102 21.7 84.3 324 578
ROE (net income / shareholders' equity) -7.77% -9.06% 16.2% -6.98% -7.38% 8.02% 19.6% 24%
ROA (Net income/ Total Assets) -3.42% -3.6% - -2.83% -2.85% 3.6% 9.15% 12.9%
Assets 1 2,164 2,204 - 2,360 2,265 1,888 2,114 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 0.5300 0.6800 0.8200
Capex 1 253 284 247 293 266 301 217 98.3
Capex / Sales 40.17% 44.17% 33.17% 48.44% 33.81% 31.59% 19.23% 7.37%
Announcement Date 20-02-13 21-02-18 22-02-23 23-02-16 24-02-13 - - -
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
1.956 USD
Average target price
2.119 USD
Spread / Average Target
+8.34%
Consensus
  1. Stock Market
  2. Equities
  3. NGD Stock
  4. Financials New Gold Inc.