New Gold Inc
TSX:NGD

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New Gold Inc
TSX:NGD
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Price: 5.26 CAD -2.23% Market Closed
Market Cap: 4.2B 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 9.4 CAD. Compared to the current market price of 5.26 CAD, New Gold Inc is Undervalued by 44%.

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
9.4 CAD
Undervaluation 44%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

3.2
P/S
P/S
Price to Sales
3.2
vs History
0
vs Industry
45
Median 3Y
1.4
Median 5Y
1.5
Industry
1.8
Forward
2.3
More Details
23.1
P/E
P/E
Price to Earnings
23.1
vs History
4
vs Industry
10
Median 3Y
-9.4
Median 5Y
-11.6
Industry
15.9
Forward
9.8
More Details
6.7
P/OCF
P/OCF
Price to OCF
6.7
vs History
0
vs Industry
22
Median 3Y
4.1
Median 5Y
3.8
Industry
9.5
More Details
14.1
P/FCFE
P/FCFE
Price to FCFE
14.1
vs History
14
vs Industry
8
Median 3Y
-3.3
Median 5Y
-2.5
Industry
15.8
More Details
2.9
P/B
P/B
Price to Book Value
2.9
vs History
0
vs Industry
26
Median 3Y
1.1
Median 5Y
1.2
Industry
1.6
More Details
3.5
EV/S
EV/S
Enterprise Value to Sales
3.5
vs History
0
vs Industry
43
Median 3Y
1.6
Median 5Y
1.7
Industry
2.2
Forward
2.6
More Details
4.3
EV/GP
EV/GP
Enterprise Value to Gross Profit
4.3
vs History
0
vs Industry
53
Median 3Y
2.2
Median 5Y
2.4
Industry
7.1
More Details
7.5
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
7.5
vs History
3
vs Industry
21
Median 3Y
4.6
Median 5Y
4.7
Industry
10.1
Forward
5.2
More Details
17
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
17
vs History
38
vs Industry
13
Median 3Y
16.5
Median 5Y
13.4
Industry
12.9
Forward
7.3
More Details
7.3
EV/OCF
EV/OCF
Enterprise Value to OCF
7.3
vs History
1
vs Industry
23
Median 3Y
5
Median 5Y
4.8
Industry
10.8
More Details
20.4
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
20.4
vs History
39
vs Industry
9
Median 3Y
14.4
Median 5Y
15.2
Industry
13.8
More Details
1.8
EV/IC
EV/IC
Enterprise Value to IC
1.8
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
4.2B CAD 3.2 23.1 7.5 17
RU
Polyus PJSC
LSE:PLZL
70.4T USD 11 878.3 36 967.8 20 394.1 23 403.5
ZA
Gold Fields Ltd
JSE:GFI
328.7B Zac 0 0 0 0
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
160B Zac 0 0 0 0
CN
Zijin Mining Group Co Ltd
SSE:601899
460.9B CNY 1.5 12.9 11 11
US
Newmont Corporation
NYSE:NEM
56.1B USD 2.9 11.1 6.3 8.5
CA
Agnico Eagle Mines Ltd
TSX:AEM
74.8B CAD 6 22.7 10 14.2
CA
Wheaton Precious Metals Corp
TSX:WPM
49.8B CAD 24.5 57.7 34.1 46
CA
Barrick Gold Corp
TSX:ABX
42.9B CAD 2.3 13.2 4.7 6.4
CA
Franco-Nevada Corp
TSX:FNV
42.9B CAD 25.1 49.8 28.4 36.6
RU
Polyus PAO
MOEX:PLZL
2.3T RUB 3.3 7.6 5.9 6.5
P/S Multiple
Revenue Growth P/S to Growth
CA
New Gold Inc
TSX:NGD
Average P/S: 1 327.5
3.2
23%
0.1
RU
P
Polyus PJSC
LSE:PLZL
11 878.3
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
13%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
13%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
1.5
9%
0.2
US
Newmont Corporation
NYSE:NEM
2.9
0%
N/A
CA
Agnico Eagle Mines Ltd
TSX:AEM
6
7%
0.9
CA
Wheaton Precious Metals Corp
TSX:WPM
24.5
15%
1.6
CA
Barrick Gold Corp
TSX:ABX
2.3
10%
0.2
CA
Franco-Nevada Corp
TSX:FNV
25.1
7%
3.6
RU
Polyus PAO
MOEX:PLZL
3.3
N/A N/A
P/E Multiple
Earnings Growth PEG
CA
New Gold Inc
TSX:NGD
Average P/E: 4 129.5
23.1
71%
0.3
RU
P
Polyus PJSC
LSE:PLZL
36 967.8
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
24%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
43%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
12.9
17%
0.8
US
Newmont Corporation
NYSE:NEM
11.1
13%
0.9
CA
Agnico Eagle Mines Ltd
TSX:AEM
22.7
9%
2.5
CA
Wheaton Precious Metals Corp
TSX:WPM
57.7
20%
2.9
CA
Barrick Gold Corp
TSX:ABX
13.2
15%
0.9
CA
Franco-Nevada Corp
TSX:FNV
49.8
21%
2.4
RU
Polyus PAO
MOEX:PLZL
7.6
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
New Gold Inc
TSX:NGD
Average EV/EBITDA: 2 278
7.5
35%
0.2
RU
P
Polyus PJSC
LSE:PLZL
20 394.1
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
19%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
11
26%
0.4
US
Newmont Corporation
NYSE:NEM
6.3
4%
1.6
CA
Agnico Eagle Mines Ltd
TSX:AEM
10
4%
2.5
CA
Wheaton Precious Metals Corp
TSX:WPM
34.1
14%
2.4
CA
Barrick Gold Corp
TSX:ABX
4.7
11%
0.4
CA
Franco-Nevada Corp
TSX:FNV
28.4
15%
1.9
RU
Polyus PAO
MOEX:PLZL
5.9
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
New Gold Inc
TSX:NGD
Average EV/EBIT: 2 616.6
17
62%
0.3
RU
P
Polyus PJSC
LSE:PLZL
23 403.5
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
19%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
30%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
11
18%
0.6
US
Newmont Corporation
NYSE:NEM
8.5
5%
1.7
CA
Agnico Eagle Mines Ltd
TSX:AEM
14.2
10%
1.4
CA
Wheaton Precious Metals Corp
TSX:WPM
46
16%
2.9
CA
Barrick Gold Corp
TSX:ABX
6.4
14%
0.5
CA
Franco-Nevada Corp
TSX:FNV
36.6
13%
2.8
RU
Polyus PAO
MOEX:PLZL
6.5
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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