New Found Gold Corp
XTSX:NFG
Intrinsic Value
New Found Gold Corp. is a mineral exploration company, which engages in the acquisition, exploration, and evaluation of resource properties. [ Read More ]
The intrinsic value of one
NFG
stock under the Base Case scenario is
0.32
CAD.
Compared to the current market price of 4.99 CAD,
New Found Gold Corp
is
Overvalued by 94%.
New Found Gold Corp's market capitalization is 932.5m CAD.
NFG stock price is 4.99 CAD.
NFG stock (0.32 CAD) is 94% less than its price (4.99 CAD).
NFG. Open Relative Valuation
NFG has upside potential of 79% compared to the average analyst price target.
Open Wall St Estimates
NFG has negative Free Cash Flow for the last twelve months.
NFG has negative Operating Income for the last twelve months.
NFG has negative Net Income for the last twelve months.
NFG's ROE (Return on Equity) has significantly decreased in the last 3 years from -72% to -107%, and is approaching profitability.
NFG's ROIC (Return on Invested Capital) has significantly increased in the last 3 years from -1 650% to -576%, and is approaching profitability.
NFG's ROE (Return on Equity) for the past 12 months is negative and is equal to -107%.
NFG's ROIC (Return on Invested Capital) for the past 12 months is negative and is equal to -576%.
NFG's short-term assets (62m CAD) exceed its short-term liabilties (19m CAD).
NFG's D/E (Debt to Equity) is very low and is equal to 0.
NFG has negative three-year average ROE (Return on Equity): -89%. The company is not efficient at transforming stockholders' equity into net income.
NFG has negative three-year average ROIC (Return on Invested Capital): -921%. The company is not efficient at using invested capital to generate operating income.
NFG's long-term assets (85m CAD) exceed its long-term liabilties (19m CAD).
NFG has negative Net Debt. This means that the company has more cash and short-term investments (57m CAD) than debt (69k CAD).
NFG's Altman Z-Score is very high and is equal to 19.49.
Valuation Backtest
New Found Gold Corp
Run backtest to discover the historical profit from buying and selling
NFG
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
New Found Gold Corp
Balance Sheet Decomposition
New Found Gold Corp
| Current Assets | 62.4m |
| Cash & Short-Term Investments | 57.5m |
| Receivables | 3.4m |
| Other Current Assets | 1.5m |
| Non-Current Assets | 22.2m |
| Long-Term Investments | 2.9m |
| PP&E | 16.9m |
| Other Non-Current Assets | 2.5m |
| Current Liabilities | 19m |
| Accounts Payable | 5.2m |
| Other Current Liabilities | 13.8m |
| Non-Current Liabilities | 68.8k |
| Long-Term Debt | 68.8k |
Earnings Waterfall
New Found Gold Corp
|
Revenue
|
0
CAD
|
|
Operating Expenses
|
-103.5m
CAD
|
|
Operating Income
|
-103.5m
CAD
|
|
Other Expenses
|
23.6m
CAD
|
|
Net Income
|
-79.9m
CAD
|
Free Cash Flow Analysis
New Found Gold Corp
NFG Profitability Score
Profitability Due Diligence
New Found Gold Corp's profitability score is 27/100. The higher the profitability score, the more profitable the company is.
Score
New Found Gold Corp's profitability score is 27/100. The higher the profitability score, the more profitable the company is.
NFG Solvency Score
Solvency Due Diligence
New Found Gold Corp's solvency score is 86/100. The higher the solvency score, the more solvent the company is.
Score
New Found Gold Corp's solvency score is 86/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
NFG Price Targets Summary
New Found Gold Corp
According to Wall Street analysts, the average 1-year price target for
NFG
is 8.93 CAD
with a low forecast of 8.08 CAD and a high forecast of 10.5 CAD.
Shareholder Return
NFG Price
New Found Gold Corp
| Average Annual Return | 94.55% |
| Standard Deviation of Annual Returns | 121.57% |
| Max Drawdown | -69% |
| Market Capitalization | 932.5m CAD |
| Shares Outstanding | 189 090 000 |
| Percentage of Shares Shorted | 0.28% |
Company Profile
New Found Gold Corp
Country
Industry
Market Cap
Dividend Yield
Description
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.
Contact
IPO
Employees
Officers
The intrinsic value of one
NFG
stock under the Base Case scenario is
0.32
CAD.
Compared to the current market price of 4.99 CAD,
New Found Gold Corp
is
Overvalued by 94%.
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