NEW GOLD INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.87 CAD | -1.03% |
|
+14.34% | +49.48% |
| May. 21 | New Gold's Outperform Rating, US$2.50 Price Target Maintained by RBC Capital Markets | MT |
| May. 21 | TD Cowen Upgrades NEW GOLD to Hold From Sell | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 595.3 | 1,495 | 1,018 | 669.2 | 994.3 | 1,663 | - | - |
| Enterprise Value (EV) 1 | 1,250 | 1,797 | 1,027 | 863.3 | 994.3 | 1,889 | 1,555 | 872.5 |
| P/E ratio | -7.37 x | -18.3 x | 7.12 x | -9.81 x | -16.1 x | 26.3 x | 9.14 x | 5.46 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.94 x | 2.32 x | 1.37 x | 1.11 x | 1.26 x | 1.78 x | 1.57 x | 1.33 x |
| EV / Revenue | 1.98 x | 2.79 x | 1.38 x | 1.43 x | 1.26 x | 2.02 x | 1.46 x | 0.7 x |
| EV / EBITDA | 5.35 x | 6.51 x | 3.08 x | 4.75 x | 3.36 x | 4.43 x | 2.99 x | 1.13 x |
| EV / FCF | 123 x | 170 x | 13.4 x | -8.46 x | 45.8 x | 40.6 x | 6.02 x | 2.09 x |
| FCF Yield | 0.82% | 0.59% | 7.44% | -11.8% | 2.18% | 2.46% | 16.6% | 47.9% |
| Price to Book | 0.62 x | 1.89 x | 1.07 x | 0.7 x | 1.26 x | 1.67 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 | 2.103 | 2.103 | 2.103 |
| 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 | 934.8 | 1,061 | 1,255 |
| EBITDA 1 | 233.8 | 276 | 333 | 181.8 | 296 | 426.8 | 519.1 | 773 |
| EBIT 1 | -7.9 | 81.4 | 137.3 | -13.6 | 61.8 | 150.4 | 240.7 | - |
| Operating Margin | -1.25% | 12.65% | 18.42% | -2.25% | 7.86% | 16.09% | 22.68% | - |
| Earnings before Tax (EBT) 1 | -73.9 | -75 | 160.3 | -65.4 | -59.2 | 109 | 219.3 | 353.5 |
| Net income 1 | -74 | -79.3 | 141 | -66.8 | -64.5 | 58.56 | 143.3 | 306.5 |
| Net margin | -11.73% | -12.33% | 18.91% | -11.05% | -8.2% | 6.26% | 13.5% | 24.43% |
| EPS 2 | -0.1200 | -0.1200 | 0.2100 | -0.1000 | -0.0900 | 0.0800 | 0.2300 | 0.3850 |
| Free Cash Flow 1 | 10.2 | 10.6 | 76.4 | -102.1 | 21.7 | 46.55 | 258.3 | 418 |
| FCF margin | 1.62% | 1.65% | 10.25% | -16.89% | 2.76% | 4.98% | 24.34% | 33.32% |
| FCF Conversion (EBITDA) | 4.36% | 3.84% | 22.94% | - | 7.33% | 10.91% | 49.76% | 54.08% |
| FCF Conversion (Net income) | - | - | 54.18% | - | - | 79.49% | 180.3% | 136.38% |
| Dividend per Share | - | - | - | - | - | - | - | - |
| 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 | 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 | 0.2200 | -0.0100 | -0.0600 | -0.0100 | -0.0200 | -0.0500 | - | - | - | -0.0600 | - | - | - |
| 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 Million
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 | - | - | - | - | - | - | 108 | 790 |
| Leverage (Debt/EBITDA) | 2.802 x | 1.097 x | 0.0285 x | 1.068 x | - | 0.5296 x | - | - |
| Free Cash Flow 1 | 10.2 | 10.6 | 76.4 | -102 | 21.7 | 46.6 | 258 | 418 |
| ROE (net income / shareholders' equity) | -7.77% | -9.06% | 16.2% | -6.98% | -7.38% | 5.57% | 10.5% | 8% |
| ROA (Net income/ Total Assets) | -3.42% | -3.6% | - | -2.83% | -2.85% | 2% | 4.5% | 3% |
| Assets 1 | 2,164 | 2,204 | - | 2,360 | 2,265 | 2,928 | 3,183 | 10,217 |
| 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 | 0.5200 | 0.6300 | 0.8500 |
| Capex 1 | 253 | 284 | 247 | 293 | 266 | 306 | 213 | 98.7 |
| Capex / Sales | 40.17% | 44.17% | 33.17% | 48.44% | 33.81% | 32.75% | 20.09% | 7.86% |
| 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
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
2.103
USD
Average target price
2.156
USD
Spread / Average Target
+2.53%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +49.48% | 1.66B | |
| +6.40% | 50.76B | |
| +27.84% | 34.95B | |
| +1.55% | 31.28B | |
| +20.73% | 26.22B | |
| +7.62% | 11.44B | |
| +35.85% | 10.6B | |
| +39.78% | 10.1B | |
| +11.04% | 8.83B | |
| -.--% | 8.78B |
- Stock Market
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- Financials New Gold Inc.
