New Found Gold Stock Current Valuation
| NFGC Stock | USD 1.65 0.01 0.61% |
Valuation analysis of New Found Gold helps investors to measure New Found's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns. As of November 26, 2024, Enterprise Value Over EBITDA is expected to decline to -8.02. In addition to that, Enterprise Value Multiple is expected to decline to -8.02. Fundamental drivers impacting New Found's valuation include:
Price Book 5.7955 | Enterprise Value 299.2 M | Enterprise Value Ebitda (7.26) |
Undervalued
Today
Please note that New Found's price fluctuation is unstable at this time. Calculation of the real value of New Found Gold is based on 3 months time horizon. Increasing New Found's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since New Found is currently traded on the exchange, buyers and sellers on that exchange determine the market value of New Stock. However, New Found's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 1.65 | Real 3.48 | Target 8.98 | Hype 1.69 | Naive 1.57 |
The real value of New Stock, also known as its intrinsic value, is the underlying worth of New Found Gold Company, which is reflected in its stock price. It is based on New Found's financial performance, growth prospects, management team, or industry conditions. The intrinsic value of New Found's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, or news.
Estimating the potential upside or downside of New Found Gold helps investors to forecast how New stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of New Found more accurately as focusing exclusively on New Found's fundamentals will not take into account other important factors: New Found Gold Company Current Valuation Analysis
New Found's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current New Found Current Valuation | 299.25 M |
Most of New Found's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, New Found Gold is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
New Current Valuation Driver Correlations
Understanding the fundamental principles of building solid financial models for New Found is extremely important. It helps to project a fair market value of New Stock properly, considering its historical fundamentals such as Current Valuation. Since New Found's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of New Found's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of New Found's interrelated accounts and indicators.
Click cells to compare fundamentals
New Current Valuation Historical Pattern
Today, most investors in New Found Stock are looking for potential investment opportunities by analyzing not only static indicators but also various New Found's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current valuation growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of New Found current valuation as a starting point in their analysis.
New Found Current Valuation |
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Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, New Found Gold has a Current Valuation of 299.25 M. This is 97.38% lower than that of the Metals & Mining sector and 92.39% lower than that of the Materials industry. The current valuation for all United States stocks is 98.2% higher than that of the company.
New Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses New Found's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of New Found could also be used in its relative valuation, which is a method of valuing New Found by comparing valuation metrics of similar companies.New Found is currently under evaluation in current valuation category among its peers.
New Found Current Valuation Drivers
We derive many important indicators used in calculating different scores of New Found from analyzing New Found's financial statements. These drivers represent accounts that assess New Found's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of New Found's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Enterprise Value | 55.1M | 410.8M | 1.3B | 827.4M | 744.6M | 423.4M |
New Fundamentals
| Return On Equity | -1.1 | ||||
| Return On Asset | -0.66 | ||||
| Current Valuation | 299.25 M | ||||
| Shares Outstanding | 198.91 M | ||||
| Shares Owned By Insiders | 44.04 % | ||||
| Shares Owned By Institutions | 4.82 % | ||||
| Number Of Shares Shorted | 4.95 M | ||||
| Price To Book | 5.80 X | ||||
| EBITDA | (102.04 M) | ||||
| Net Income | (79.89 M) | ||||
| Cash And Equivalents | 80.73 M | ||||
| Cash Per Share | 0.48 X | ||||
| Total Debt | 157.8 K | ||||
| Debt To Equity | 0 % | ||||
| Current Ratio | 12.31 X | ||||
| Book Value Per Share | 0.35 X | ||||
| Cash Flow From Operations | (99.27 M) | ||||
| Short Ratio | 10.01 X | ||||
| Earnings Per Share | (0.22) X | ||||
| Target Price | 9.0 | ||||
| Number Of Employees | 98 | ||||
| Beta | 0.54 | ||||
| Market Capitalization | 328.31 M | ||||
| Total Asset | 84.58 M | ||||
| Retained Earnings | (259.5 M) | ||||
| Working Capital | 43.37 M | ||||
| Net Asset | 84.58 M |
About New Found Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze New Found Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Found using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New Found Gold based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether New Found Gold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of New Found's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of New Found Gold Stock. Outlined below are crucial reports that will aid in making a well-informed decision on New Found Gold Stock:Check out New Found Piotroski F Score and New Found Altman Z Score analysis. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of New Found. If investors know New will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about New Found listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.78) | Earnings Share (0.22) | Return On Assets (0.66) | Return On Equity (1.10) |
The market value of New Found Gold is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Found's value that differs from its market value or its book value, called intrinsic value, which is New Found's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because New Found's market value can be influenced by many factors that don't directly affect New Found's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between New Found's value and its price as these two are different measures arrived at by different means. Investors typically determine if New Found is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Found's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.