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New Gold Inc
TSX:NGD

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New Gold Inc
TSX:NGD
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Price: 2.49 CAD -0.4% Market Closed
Updated: May 5, 2024

Relative Value

The Relative Value of one NGD stock under the Base Case scenario is 5.63 CAD. Compared to the current market price of 2.49 CAD, New Gold Inc is Undervalued by 56%.

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
5.63 CAD
Undervaluation 56%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
23
vs Industry
54
Median 3Y
1.3
Median 5Y
1.2
Industry
1.7
Forward
1.5
vs History
vs Industry
Median 3Y
-12.9
Median 5Y
-9.8
Industry
15.4
Forward
17.3
vs History
17
vs Industry
25
Median 3Y
3.4
Median 5Y
3.3
Industry
8.9
vs History
vs Industry
Median 3Y
-3.3
Median 5Y
-3.2
Industry
15.5
vs History
7
vs Industry
37
Median 3Y
1
Median 5Y
1
Industry
1.5
vs History
39
vs Industry
51
Median 3Y
1.4
Median 5Y
1.7
Industry
2.1
Forward
1.7
vs History
36
vs Industry
64
Median 3Y
2
Median 5Y
2.2
Industry
7.4
vs History
34
vs Industry
24
Median 3Y
3.9
Median 5Y
4.5
Industry
10.2
Forward
3.9
vs History
25
vs Industry
9
Median 3Y
8.5
Median 5Y
8.5
Industry
12.6
Forward
8.9
vs History
25
vs Industry
25
Median 3Y
4.1
Median 5Y
4.6
Industry
10.2
vs History
15
vs Industry
3
Median 3Y
13.2
Median 5Y
14.4
Industry
12.8
vs History
20
vs Industry
59
Median 3Y
0.5
Median 5Y
0.6
Industry
1.3

Multiples Across Competitors

NGD Competitors Multiples
New Gold Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
New Gold Inc
TSX:NGD
1.7B CAD 1.6 -19.4 4.9 23.6
ZA
Gold Fields Ltd
JSE:GFI
269.9B Zac 0 0 0 0
ZA
AngloGold Ashanti Ltd
JSE:ANG
188.5B Zac 0 0 0 0
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
98.1B Zac 0 0 0 0
CN
Zijin Mining Group Co Ltd
SSE:601899
462.5B CNY 1.6 21.9 17.9 17.9
US
Newmont Corporation
NYSE:NEM
46.9B USD 3.6 -17.5 15.6 47.1
CA
Agnico Eagle Mines Ltd
TSX:AEM
44.3B CAD 4.9 16.7 10.5 19.6
CA
Barrick Gold Corp
TSX:ABX
39.5B CAD 2.5 22.7 6 10.2
CA
Wheaton Precious Metals Corp
TSX:WPM
32.7B CAD 23.5 44.4 32.3 46.2
CA
Franco-Nevada Corp
TSX:FNV
32.4B CAD 19.4 -50.8 22 30.2
RU
Polyus PJSC
OTC:OPYGY
20.6B USD 4 12.5 6.7 7.7
P/E Multiple
Earnings Growth
CA
New Gold Inc
TSX:NGD
Average P/E: 23.6
Negative Multiple: -19.4
N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
93%
ZA
A
AngloGold Ashanti Ltd
JSE:ANG
Not Available N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
103%
CN
Zijin Mining Group Co Ltd
SSE:601899
21.9
84%
US
Newmont Corporation
NYSE:NEM
Negative Multiple: -17.5 N/A
CA
Agnico Eagle Mines Ltd
TSX:AEM
16.7
-38%
CA
Barrick Gold Corp
TSX:ABX
22.7
65%
CA
Wheaton Precious Metals Corp
TSX:WPM
44.4
6%
CA
Franco-Nevada Corp
TSX:FNV
Negative Multiple: -50.8 N/A
RU
Polyus PJSC
OTC:OPYGY
12.5
N/A

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