New Gold Stock Fundamentals
| NGD Stock | USD 1.97 0.10 5.35% |
New Gold fundamentals help investors to digest information that contributes to New Gold'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 Gold'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 Gold stock.
At present, New Gold's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Other Operating Expenses is expected to grow to about 779.9 M, whereas Gross Profit is forecasted to decline to about 77.2 M. New | Select Account or Indicator |
New Gold Company Return On Equity Analysis
New Gold's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current New Gold Return On Equity | -0.0944 |
Most of New Gold's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, New Gold is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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New Total Stockholder Equity
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Based on the latest financial disclosure, New Gold has a Return On Equity of -0.0944. This is 110.37% lower than that of the Metals & Mining sector and 194.4% lower than that of the Materials industry. The return on equity for all United States stocks is 69.55% lower than that of the firm.
New Gold Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining New Gold's current stock value. Our valuation model uses many indicators to compare New Gold value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across New Gold competition to find correlations between indicators driving New Gold's intrinsic value. More Info.New Gold is regarded third in return on equity category among related companies. It is considered to be number one stock in return on asset category among related companies . At present, New Gold's Return On Equity is projected to slightly decrease based on the last few years of reporting.Comparative valuation analysis is a catch-all model that can be used if you cannot value New Gold by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for New Gold's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the New Gold's earnings, one of the primary drivers of an investment's value.New Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses New Gold's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of New Gold could also be used in its relative valuation, which is a method of valuing New Gold by comparing valuation metrics of similar companies.New Gold is currently under evaluation in return on equity category among related companies.
New Fundamentals
| Return On Equity | -0.0944 | ||||
| Return On Asset | 0.0143 | ||||
| Profit Margin | (0.1) % | ||||
| Operating Margin | 0.07 % | ||||
| Current Valuation | 1.53 B | ||||
| Shares Outstanding | 690.1 M | ||||
| Shares Owned By Insiders | 5.76 % | ||||
| Shares Owned By Institutions | 52.86 % | ||||
| Number Of Shares Shorted | 5.7 M | ||||
| Price To Earning | 5.07 X | ||||
| Price To Book | 1.56 X | ||||
| Price To Sales | 1.59 X | ||||
| Revenue | 799.8 M | ||||
| Gross Profit | 221.7 M | ||||
| EBITDA | 301.22 M | ||||
| Net Income | (65.68 M) | ||||
| Cash And Equivalents | 33.1 M | ||||
| Cash Per Share | 0.48 X | ||||
| Total Debt | 399.15 M | ||||
| Debt To Equity | 0.41 % | ||||
| Current Ratio | 2.81 X | ||||
| Book Value Per Share | 1.07 X | ||||
| Cash Flow From Operations | 264.36 M | ||||
| Short Ratio | 0.63 X | ||||
| Earnings Per Share | (0.10) X | ||||
| Price To Earnings To Growth | (2.09) X | ||||
| Target Price | 1.96 | ||||
| Beta | 1.6 | ||||
| Market Capitalization | 1.29 B | ||||
| Total Asset | 2.27 B | ||||
| Retained Earnings | (2.33 B) | ||||
| Working Capital | 122.8 M | ||||
| Current Asset | 614.6 M | ||||
| Current Liabilities | 147.3 M | ||||
| Net Asset | 2.27 B |
About New Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze New Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New 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.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | 1.00 | 1.05 | |
| Total Revenue | 799.8 M | 411.3 M | |
| Cost Of Revenue | 713.2 M | 392.3 M | |
| Stock Based Compensation To Revenue | 0 | 0.0009 | |
| Sales General And Administrative To Revenue | 0.04 | 0.05 | |
| Research And Ddevelopement To Revenue | 0.02 | 0.03 | |
| Capex To Revenue | (0.34) | (0.36) | |
| Revenue Per Share | 1.17 | 0.68 | |
| Ebit Per Revenue | 0.07 | 0.07 |
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Try AI Portfolio ArchitectCheck out New Gold Piotroski F Score and New Gold Altman Z Score analysis. For information on how to trade New Stock refer to our How to Trade New Stock guide.Note that the New Gold information on this page should be used as a complementary analysis to other New Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for New Stock analysis
When running New Gold's price analysis, check to measure New Gold'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 Gold is operating at the current time. Most of New Gold's value examination focuses on studying past and present price action to predict the probability of New Gold'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 Gold's price. Additionally, you may evaluate how the addition of New Gold to your portfolios can decrease your overall portfolio volatility.
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Is New Gold's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of New Gold. If investors know New will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about New Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.10) | Revenue Per Share 1.134 | Quarterly Revenue Growth (0.05) | Return On Assets 0.0143 | Return On Equity (0.09) |
The market value of New Gold is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Gold's value that differs from its market value or its book value, called intrinsic value, which is New Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because New Gold's market value can be influenced by many factors that don't directly affect New Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between New Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if New Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.