New Gold Inc
TSX:NGD

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New Gold Inc
TSX:NGD
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Price: 6.39 CAD 1.91% Market Closed
Market Cap: 5.1B CAD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one NGD stock under the Base Case scenario is 9.22 CAD. Compared to the current market price of 6.39 CAD, New Gold Inc is Undervalued by 31%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

NGD Relative Value
Base Case
9.22 CAD
Undervaluation 31%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

3.9
P/S
P/S
Price to Sales
3.9
vs History
0
vs Industry
45
Median 3Y
1.4
Median 5Y
1.5
Industry
1.8
Forward
2.9
More Details
28.5
P/E
P/E
Price to Earnings
28.5
vs History
4
vs Industry
10
Median 3Y
-9.4
Median 5Y
-11.6
Industry
16
Forward
12.1
More Details
8.3
P/OCF
P/OCF
Price to OCF
8.3
vs History
0
vs Industry
22
Median 3Y
4.1
Median 5Y
3.8
Industry
9.3
More Details
17.4
P/FCFE
P/FCFE
Price to FCFE
17.4
vs History
14
vs Industry
8
Median 3Y
-3.3
Median 5Y
-2.5
Industry
15.6
More Details
3.6
P/B
P/B
Price to Book Value
3.6
vs History
0
vs Industry
26
Median 3Y
1.1
Median 5Y
1.2
Industry
1.6
More Details
4.2
EV/S
EV/S
Enterprise Value to Sales
4.2
vs History
0
vs Industry
43
Median 3Y
1.6
Median 5Y
1.7
Industry
2.1
Forward
3.1
More Details
5.2
EV/GP
EV/GP
Enterprise Value to Gross Profit
5.2
vs History
0
vs Industry
53
Median 3Y
2.2
Median 5Y
2.4
Industry
7.2
More Details
9.1
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
9.1
vs History
0
vs Industry
21
Median 3Y
4.6
Median 5Y
4.7
Industry
10.2
Forward
5.7
More Details
20.6
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
20.6
vs History
28
vs Industry
13
Median 3Y
16.5
Median 5Y
13.4
Industry
13
Forward
9.1
More Details
8.9
EV/OCF
EV/OCF
Enterprise Value to OCF
8.9
vs History
0
vs Industry
23
Median 3Y
5
Median 5Y
4.8
Industry
10.5
More Details
24.8
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
24.8
vs History
36
vs Industry
9
Median 3Y
14.4
Median 5Y
15.2
Industry
13.9
More Details
2.1
EV/IC
EV/IC
Enterprise Value to IC
2.1
vs History
0
vs Industry
34
Median 3Y
0.6
Median 5Y
0.6
Industry
1.4
More Details

Multiples Across Competitors

NGD Competitors Multiples
New Gold Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
New Gold Inc
TSX:NGD
5.1B CAD 3.9 28.5 9.1 20.6
RU
Polyus PJSC
LSE:PLZL
70.4T USD 11 580.7 36 041.6 19 883.1 22 817.1
ZA
Gold Fields Ltd
JSE:GFI
401.4B Zac 0 0 0 0
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
170.6B Zac 0 0 0 0
CN
Zijin Mining Group Co Ltd
SSE:601899
480B CNY 1.6 13.3 11.4 11.4
CA
Agnico Eagle Mines Ltd
TSX:AEM
84.5B CAD 6.9 26.1 11.5 16.4
US
Newmont Corporation
NYSE:NEM
62B USD 3.2 12.2 6.9 9.4
CA
Wheaton Precious Metals Corp
TSX:WPM
57.1B CAD 28.5 67.2 40 53.8
CA
Barrick Gold Corp
TSX:ABX
47.4B CAD 2.6 14.9 5.2 7.2
CA
Franco-Nevada Corp
TSX:FNV
46.6B CAD 27.7 55.1 31.5 40.7
RU
Polyus PAO
MOEX:PLZL
2.4T RUB 3.5 7.9 6.1 6.7
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
New Gold Inc
TSX:NGD
Average EV/EBITDA: 2 222.7
9.1
39%
0.2
RU
P
Polyus PJSC
LSE:PLZL
19 883.1
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
17%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
27%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
11.4
26%
0.4
CA
Agnico Eagle Mines Ltd
TSX:AEM
11.5
9%
1.3
US
Newmont Corporation
NYSE:NEM
6.9
6%
1.1
CA
Wheaton Precious Metals Corp
TSX:WPM
40
18%
2.2
CA
Barrick Gold Corp
TSX:ABX
5.2
16%
0.3
CA
Franco-Nevada Corp
TSX:FNV
31.5
17%
1.9
RU
Polyus PAO
MOEX:PLZL
6.1
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
New Gold Inc
TSX:NGD
Average EV/EBIT: 2 553.7
20.6
57%
0.4
RU
P
Polyus PJSC
LSE:PLZL
22 817.1
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
18%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
34%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
11.4
19%
0.6
CA
Agnico Eagle Mines Ltd
TSX:AEM
16.4
12%
1.4
US
Newmont Corporation
NYSE:NEM
9.4
7%
1.3
CA
Wheaton Precious Metals Corp
TSX:WPM
53.8
16%
3.4
CA
Barrick Gold Corp
TSX:ABX
7.2
14%
0.5
CA
Franco-Nevada Corp
TSX:FNV
40.7
14%
2.9
RU
Polyus PAO
MOEX:PLZL
6.7
N/A N/A

See Also

Summary
NGD intrinsic value, competitors valuation, and company profile.
DCF Valuation
NGD stock valuation using Discount Cash Flow valuation method.
Relative Valuation
NGD stock valuation using valuation multiples.
Wall Street Estimates
NGD price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
NGD stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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