New Found Gold Corp
XTSX:NFG
Decide at what price you'd be comfortable buying and we'll help you stay ready.
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EV/EBITDA
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Valuation Scenarios
If EV/EBITDA returns to its Industry Average (9.7), the stock would be worth CA$-1.86 (162% downside from current price).
| Scenario | EV/EBITDA Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | -15.7 | CA$3.02 |
0%
|
| Industry Average | 9.7 | CA$-1.86 |
-162%
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| Country Average | 10.2 | CA$-1.96 |
-165%
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Forward EV/EBITDA
Today’s price vs future ebitda
| Today's Enterprise Value | EBITDA | Forward EV/EBITDA | ||
|---|---|---|---|---|
|
CA$843.7m
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/ |
Jan 2026
CA$-63.2m
|
= |
|
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CA$843.7m
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/ |
Dec 2026
CA$113.6m
|
= |
|
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CA$843.7m
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/ |
Dec 2027
CA$260.7m
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= |
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CA$843.7m
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/ |
Dec 2028
CA$498.1m
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= |
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Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.
Peer Comparison
| Market Cap | EV/EBITDA | P/E | ||||
|---|---|---|---|---|---|---|
| CA |
|
New Found Gold Corp
XTSX:NFG
|
1B CAD | -15.7 | -21.7 | |
| RU |
P
|
Polyus PJSC
LSE:PLZL
|
70.4T USD | 19 286.2 | 34 959.7 | |
| ZA |
G
|
Gold Fields Ltd
JSE:GFI
|
683.4B ZAR | 7.2 | 11.7 | |
| ZA |
H
|
Harmony Gold Mining Company Ltd
JSE:HAR
|
181.2B ZAR | 5.6 | 11.1 | |
| CN |
|
Zijin Mining Group Co Ltd
SSE:601899
|
948.2B CNY | 13.1 | 18 | |
| US |
|
Newmont Corporation
NYSE:NEM
|
121.8B USD | 8.8 | 17.2 | |
| CA |
|
Agnico Eagle Mines Ltd
TSX:AEM
|
138.8B CAD | 12.4 | 22.8 | |
| CA |
|
Barrick Mining Corp
F:ABR0
|
58.7B EUR | 6.7 | 13.9 | |
| CA |
|
Barrick Gold Corp
TSX:ABX
|
92.7B CAD | 6.7 | 13.7 | |
| CA |
|
Wheaton Precious Metals Corp
TSX:WPM
|
88.1B CAD | 33.9 | 44.2 | |
| HK |
Z
|
Zijin Gold International Co Ltd
HKEX:2259
|
468.4B HKD | 17.5 | 36.3 |
Market Distribution
| Min | 0 |
| 30th Percentile | 7 |
| Median | 10.2 |
| 70th Percentile | 14.5 |
| Max | 13 731.1 |
Other Multiples
New Found Gold Corp
Glance View
New Found Gold Corp. is a mineral exploration company, which engages in the acquisition, exploration, and evaluation of resource properties. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2020-08-11. The firm is engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in the Provinces of Newfoundland and Labrador and Ontario, Canada. Its Queensway Project consists of approximately 86 mineral licenses, including 6,041 claims consisting of approximately 151,030 hectares of land located near Gander, Newfoundland. In addition, the Company also owns a 100% interest in the Lucky Strike project in Kirkland Lake, Ontario consisting of approximately 11,684 hectares, as well as a portfolio of mining and royalty interests throughout northeastern Ontario. The Lucky Strike Property is located approximately10 kilometers north of Larder Lake, Ontario and consists of approximately 639 single cell un-patented mining claims.
