New Gold Valuation
| NGD Stock | CAD 3.85 0.02 0.52% |
At this time, the firm appears to be overvalued. New Gold secures a last-minute Real Value of C$3.18 per share. The latest price of the firm is C$3.85. Our model forecasts the value of New Gold from analyzing the firm fundamentals such as Profit Margin of 0.02 %, current valuation of 3.48 B, and Return On Equity of 0.0214 as well as examining its technical indicators and probability of bankruptcy. Key fundamental drivers impacting New Gold's valuation include:
Price Book 2.1768 | Enterprise Value 3.5 B | Enterprise Value Ebitda 10.0448 | Price Sales 3.5345 | Forward PE 8.2305 |
Overvalued
Today
Please note that New Gold's price fluctuation is relatively risky at this time. Calculation of the real value of New Gold is based on 3 months time horizon. Increasing New Gold's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since New Gold is currently traded on the exchange, buyers and sellers on that exchange determine the market value of New Stock. However, New Gold's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 3.85 | Real 3.18 | Hype 3.86 |
The intrinsic value of New Gold's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence New Gold's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of New Gold helps investors to forecast how New stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of New Gold more accurately as focusing exclusively on New Gold's fundamentals will not take into account other important factors: Traditionally, analysts and sophisticated investors use multiple methods for valuing a cash-flow-generating entity or its stock. For example, some money managers use New Gold's intrinsic value based on its ongoing forecasts of New Gold's financial statements. In contrast, other private, professional wealth advisors use a multiplier approach by looking to relative value analysis against New Gold's closest peers.
New Gold Cash |
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New Valuation Drivers Correlation
Many accounts on the financial statements of New Gold are highly interrelated and sometimes correlated. Consequently, when conducting New's valuation analysis, one should examine all of the accounts reported to obtain a complete picture of its financial situation. We provide a unique feature to present a conventional correlation table purposely composed against different valuation-related drivers of New
Click cells to compare fundamentals
New Valuation Trend
Knowing New Gold's actual value is paramount for traders when making sound investment determinations. Using both New Gold's enterprise value as well as its market capitalization is the best way to estimate the value of the company and is usually enough for investors to make market timing decisions.
New Gold Total Value Analysis
New Gold is now forecasted to have takeover price of 3.48 B with market capitalization of 3.04 B, debt of 398.6 M, and cash on hands of 33.1 M. Please note that takeover price may be misleading and is a subject to mistakes in financial statements. We encourage investors to thoroughly investigate all of the New Gold fundamentals before making investing decisions based on enterprise value of the company| Takeover Price | Market Cap | Debt Obligations | Cash |
3.48 B | 3.04 B | 398.6 M | 33.1 M |
New Gold Investor Information
About 63.0% of the company shares are owned by institutional investors. The book value of New Gold was now reported as 1.26. The company had not issued any dividends in recent years. New Gold had 1:3 split on the 25th of July 2002. Based on the measurements of operating efficiency obtained from New Gold's historical financial statements, New Gold may be sliding down financialy. It has an above-average likelihood of going through some form of financial trouble next quarter.New Gold Asset Utilization
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. New Gold has an asset utilization ratio of 34.41 percent. This suggests that the Company is making C$0.34 for each dollar of assets. An increasing asset utilization means that New Gold is more efficient with each dollar of assets it utilizes for everyday operations.New Gold Ownership Allocation
New Gold maintains a total of 790.9 Million outstanding shares. Over half of New Gold's outstanding shares are owned by institutional investors. These institutional investors are typically referred to as corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in New Gold. Please watch out for any change in the institutional holdings of New Gold as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.New Gold Profitability Analysis
The company reported the revenue of 786.5 M. Net Loss for the year was (64.5 M) with profit before overhead, payroll, taxes, and interest of 221.7 M.About New Gold Valuation
We use absolute and relative valuation methodologies to arrive at the intrinsic value of New Gold. In general, an absolute valuation paradigm, as applied to this company, attempts to find the value of New Gold based exclusively on its fundamental and basic technical indicators. By analyzing New Gold's financials, quarterly and monthly indicators, and their related drivers, we attempt to find the most accurate representation of New Gold's intrinsic value. As compared to an absolute model, our relative valuation model uses a comparative analysis of New Gold. We calculate exposure to New Gold's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of New Gold's related companies.| Last Reported | Projected for Next Year | ||
| Gross Profit | 336.1 M | 352.9 M | |
| Pretax Profit Margin | (0.08) | (0.08) | |
| Operating Profit Margin | 0.08 | 0.08 | |
| Net Loss | (0.08) | (0.09) | |
| Gross Profit Margin | 0.13 | 0.24 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in New Stock, please use our How to Invest in New Gold guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.