New Found Gold Stock Price To Earnings To Growth

NFG Stock  CAD 2.30  0.08  3.36%   
New Found Gold fundamentals help investors to digest information that contributes to New Found's financial success or failures. It also enables traders to predict the movement of New Stock. The fundamental analysis module provides a way to measure New Found's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to New Found stock.
  
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New Found Gold Company Price To Earnings To Growth Analysis

New Found's PEG Ratio indicates the potential value of an equity instrument and is calculated by dividing Price to Earnings (P/E) ratio into earnings growth rate. Most analysts and investors prefer this measure to a Price to Earnings (P/E) ratio because it incorporates the future growth of a firm. The low PEG ratio usually implies that an equity instrument is undervalued; whereas PEG of 1 may indicate that an equity is reasonably priced under given expectations of future growth.

New Price To Earnings To Growth Driver Correlations

Understanding the fundamental principles of building solid financial models for New Found is extremely important. It helps to project a fair market value of New Stock properly, considering its historical fundamentals such as Price To Earnings To Growth. Since New Found's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of New Found's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of New Found's interrelated accounts and indicators.
Generally speaking, PEG ratio is a 'quick and dirty' way to measure how the current price of a firm's stock relates to its earnings and growth rate. The main benefit of using PEG ratio is that investors can compare the relative valuations of companies within different industries without analyzing their P/E ratios.
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New Price Earnings To Growth Ratio

Price Earnings To Growth Ratio

0.34

At this time, New Found's Price Earnings To Growth Ratio is fairly stable compared to the past year.
Based on the latest financial disclosure, New Found Gold has a Price To Earnings To Growth of 0.0 times. This is 100.0% lower than that of the Metals & Mining sector and 100.0% lower than that of the Materials industry. The price to earnings to growth for all Canada stocks is 100.0% higher than that of the company.

New Price To Earnings To Growth Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses New Found's direct or indirect competition against its Price To Earnings To Growth to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of New Found could also be used in its relative valuation, which is a method of valuing New Found by comparing valuation metrics of similar companies.
New Found is currently under evaluation in price to earnings to growth category among its peers.

New Found Current Valuation Drivers

We derive many important indicators used in calculating different scores of New Found from analyzing New Found's financial statements. These drivers represent accounts that assess New Found's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of New Found's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Enterprise Value55.1M410.8M1.3B827.4M744.6M423.4M

New Fundamentals

About New Found Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze New Found Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Found using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New Found Gold based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Thematic Opportunities

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Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Additional Tools for New Stock Analysis

When running New Found's price analysis, check to measure New Found's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Found is operating at the current time. Most of New Found's value examination focuses on studying past and present price action to predict the probability of New Found's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Found's price. Additionally, you may evaluate how the addition of New Found to your portfolios can decrease your overall portfolio volatility.