New Net Income Per Share vs Free Cash Flow Per Share Analysis

NGD Stock

USD 2.75 0.01 0.36%

New Gold financial indicator trend analysis is infinitely more than just investigating New Gold recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Gold is a good investment. Please check the relationship between New Gold Net Income Per Share and its Free Cash Flow Per Share accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

For information on how to trade New Stock refer to our How to Trade New Stock guide.

Net Income Per Share vs Free Cash Flow Per Share

Net Income Per Share vs Free Cash Flow Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Gold Net Income Per Share account and Free Cash Flow Per Share. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between New Gold's Net Income Per Share and Free Cash Flow Per Share is -0.39. Overlapping area represents the amount of variation of Net Income Per Share that can explain the historical movement of Free Cash Flow Per Share in the same time period over historical financial statements of New Gold, assuming nothing else is changed. The correlation between historical values of New Gold's Net Income Per Share and Free Cash Flow Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income Per Share of New Gold are associated (or correlated) with its Free Cash Flow Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Per Share has no effect on the direction of Net Income Per Share i.e., New Gold's Net Income Per Share and Free Cash Flow Per Share go up and down completely randomly.

Correlation Coefficient

-0.39

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Income Per Share

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Most indicators from New Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Gold current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

For information on how to trade New Stock refer to our How to Trade New Stock guide.At present, New Gold's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 6.61, whereas Selling General Administrative is forecasted to decline to about 22.9 M.

	2021	2023	2024 (projected)
Gross Profit	172.5M	101.9M	77.8M
Total Revenue	745.5M	786.5M	410.8M

Gross Profit Total Revenue

New Gold fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Short Term Investments	Other Assets	Other Liab	Net Tangible Assets	Long Term Debt	Common Stock Total Equity	Inventory
Total Assets		0.79	-0.01	0.28	0.95	0.99	0.41	0.39	0.45	0.68	0.99	0.64	0.58	0.25	0.82	0.11	0.82	0.8	0.74	0.08	0.83	0.03	0.92	0.81	0.41	0.88
Short Long Term Debt Total	0.79		-0.23	0.11	0.66	0.79	0.81	0.09	0.54	0.36	0.81	0.32	0.52	0.33	0.84	-0.34	0.81	0.54	0.38	-0.13	0.73	0.03	0.58	1.0	0.44	0.86
Other Current Liab	-0.01	-0.23		0.78	-0.04	0.02	-0.32	-0.35	-0.47	0.1	-0.02	0.12	-0.35	0.49	-0.04	0.43	0.04	0.02	-0.07	0.2	-0.36	0.41	0.04	-0.24	0.5	-0.17
Total Current Liabilities	0.28	0.11	0.78		0.16	0.31	-0.04	-0.45	0.18	0.19	0.28	0.2	-0.06	0.76	0.33	0.33	0.41	0.21	-0.07	0.15	-0.1	0.68	0.22	0.09	0.81	0.2
Total Stockholder Equity	0.95	0.66	-0.04	0.16		0.93	0.27	0.61	0.32	0.69	0.94	0.63	0.52	0.02	0.6	0.27	0.59	0.76	0.85	-0.03	0.82	-0.19	0.99	0.68	0.21	0.78
Property Plant And Equipment Net	0.99	0.79	0.02	0.31	0.93		0.47	0.35	0.44	0.59	1.0	0.55	0.55	0.28	0.82	0.15	0.82	0.73	0.72	0.03	0.81	0.03	0.92	0.81	0.44	0.89
Net Debt	0.41	0.81	-0.32	-0.04	0.27	0.47		-0.11	0.49	-0.24	0.49	-0.28	0.34	0.21	0.58	-0.39	0.55	-0.04	0.06	-0.41	0.51	0.02	0.19	0.81	0.29	0.6
Retained Earnings	0.39	0.09	-0.35	-0.45	0.61	0.35	-0.11		-0.04	0.37	0.39	0.3	0.22	-0.76	-0.07	0.29	-0.11	0.31	0.74	-0.27	0.62	-0.64	0.62	0.12	-0.62	0.17
Accounts Payable	0.45	0.54	-0.47	0.18	0.32	0.44	0.49	-0.04		0.1	0.47	0.09	0.45	0.27	0.57	-0.17	0.56	0.27	0.01	-0.1	0.45	0.29	0.29	0.53	0.31	0.57
Cash	0.68	0.36	0.1	0.19	0.69	0.59	-0.24	0.37	0.1		0.58	0.99	0.36	0.15	0.48	0.08	0.48	0.96	0.58	0.44	0.43	-0.04	0.67	0.37	0.21	0.49
Non Current Assets Total	0.99	0.81	-0.02	0.28	0.94	1.0	0.49	0.39	0.47	0.58		0.53	0.56	0.24	0.82	0.12	0.81	0.72	0.73	0.0	0.85	0.03	0.92	0.82	0.4	0.88
Cash And Short Term Investments	0.64	0.32	0.12	0.2	0.63	0.55	-0.28	0.3	0.09	0.99	0.53		0.35	0.2	0.48	0.07	0.48	0.96	0.52	0.53	0.37	0.02	0.61	0.33	0.24	0.45
Net Receivables	0.58	0.52	-0.35	-0.06	0.52	0.55	0.34	0.22	0.45	0.36	0.56	0.35		0.08	0.55	-0.04	0.52	0.53	0.55	0.22	0.59	0.03	0.48	0.53	0.15	0.45
Common Stock Shares Outstanding	0.25	0.33	0.49	0.76	0.02	0.28	0.21	-0.76	0.27	0.15	0.24	0.2	0.08		0.55	-0.12	0.59	0.27	-0.26	0.4	-0.17	0.72	0.02	0.3	0.97	0.36
Non Current Liabilities Total	0.82	0.84	-0.04	0.33	0.6	0.82	0.58	-0.07	0.57	0.48	0.82	0.48	0.55	0.55		-0.27	0.99	0.67	0.35	0.26	0.65	0.38	0.56	0.84	0.61	0.83
Other Stockholder Equity	0.11	-0.34	0.43	0.33	0.27	0.15	-0.39	0.29	-0.17	0.08	0.12	0.07	-0.04	-0.12	-0.27		-0.2	0.02	0.33	0.02	-0.09	-0.15	0.38	-0.33	-0.03	-0.1
Total Liab	0.82	0.81	0.04	0.41	0.59	0.82	0.55	-0.11	0.56	0.48	0.81	0.48	0.52	0.59	0.99	-0.2		0.66	0.33	0.27	0.61	0.42	0.56	0.81	0.65	0.81
Total Current Assets	0.8	0.54	0.02	0.21	0.76	0.73	-0.04	0.31	0.27	0.96	0.72	0.96	0.53	0.27	0.67	0.02	0.66		0.62	0.45	0.55	0.03	0.74	0.55	0.34	0.66
Short Term Debt	0.74	0.38	-0.07	-0.07	0.85	0.72	0.06	0.74	0.01	0.58	0.73	0.52	0.55	-0.26	0.35	0.33	0.33	0.62		0.01	0.77	-0.35	0.86	0.41	-0.08	0.52
Short Term Investments	0.08	-0.13	0.2	0.15	-0.03	0.03	-0.41	-0.27	-0.1	0.44	0.0	0.53	0.22	0.4	0.26	0.02	0.27	0.45	0.01		-0.15	0.45	-0.04	-0.14	0.25	-0.07
Other Assets	0.83	0.73	-0.36	-0.1	0.82	0.81	0.51	0.62	0.45	0.43	0.85	0.37	0.59	-0.17	0.65	-0.09	0.61	0.55	0.77	-0.15		-0.11	0.77	0.75	-0.02	0.71
Other Liab	0.03	0.03	0.41	0.68	-0.19	0.03	0.02	-0.64	0.29	-0.04	0.03	0.02	0.03	0.72	0.38	-0.15	0.42	0.03	-0.35	0.45	-0.11		-0.19	0.0	0.64	-0.02
Net Tangible Assets	0.92	0.58	0.04	0.22	0.99	0.92	0.19	0.62	0.29	0.67	0.92	0.61	0.48	0.02	0.56	0.38	0.56	0.74	0.86	-0.04	0.77	-0.19		0.6	0.22	0.75
Long Term Debt	0.81	1.0	-0.24	0.09	0.68	0.81	0.81	0.12	0.53	0.37	0.82	0.33	0.53	0.3	0.84	-0.33	0.81	0.55	0.41	-0.14	0.75	0.0	0.6		0.42	0.87
Common Stock Total Equity	0.41	0.44	0.5	0.81	0.21	0.44	0.29	-0.62	0.31	0.21	0.4	0.24	0.15	0.97	0.61	-0.03	0.65	0.34	-0.08	0.25	-0.02	0.64	0.22	0.42		0.51
Inventory	0.88	0.86	-0.17	0.2	0.78	0.89	0.6	0.17	0.57	0.49	0.88	0.45	0.45	0.36	0.83	-0.1	0.81	0.66	0.52	-0.07	0.71	-0.02	0.75	0.87	0.51

Click cells to compare fundamentals

New Gold Account Relationship Matchups

New Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.2B	2.3B	2.5B	2.2B	2.3B	2.0B
Short Long Term Debt Total	747.1M	518.3M	511.3M	404.8M	398.6M	492.8M
Other Current Liab	132.2M	117.1M	120.9M	109.4M	164.9M	173.1M
Total Current Liabilities	171.9M	158.7M	172.9M	171.2M	229M	240.5M
Total Stockholder Equity	961.3M	789.3M	955.9M	959.5M	785.2M	1.1B
Property Plant And Equipment Net	1.9B	1.8B	1.8B	1.9B	1.9B	1.6B
Net Debt	655M	322.4M	20.2M	195.4M	213.1M	194.2M
Retained Earnings	(2.3B)	(2.4B)	(2.2B)	(2.3B)	(2.3B)	(2.2B)
Accounts Payable	39.7M	41.6M	52M	61.8M	64.1M	41.1M
Cash	83.4M	186.3M	481.5M	200.8M	185.5M	204.3M
Non Current Assets Total	1.9B	1.8B	1.8B	1.9B	1.9B	1.7B
Cash And Short Term Investments	83.4M	231.7M	541M	236.4M	192.6M	210.3M
Net Receivables	28M	82M	30.1M	15.9M	10.2M	9.7M
Common Stock Shares Outstanding	611.1M	676.3M	682.4M	681.9M	684M	718.2M
Liabilities And Stockholders Equity	2.2B	2.3B	2.5B	2.2B	2.3B	2.0B
Non Current Liabilities Total	1.0B	1.3B	1.3B	1.1B	1.3B	768.9M
Other Stockholder Equity	105.7M	106.7M	107.5M	107.8M	106.4M	101.0M
Total Liab	1.2B	1.5B	1.5B	1.3B	1.5B	877.1M
Total Current Assets	228.7M	418.8M	686.3M	377.5M	351.8M	331.0M
Short Term Debt	8.7M	9.6M	9.6M	8.6M	2.6M	2.5M
Other Assets	1.3M	3M	2.6M	2.1M	(1.8M)	(1.7M)
Accumulated Other Comprehensive Income	(13.6M)	(116.8M)	(93M)	(24.6M)	(135.2M)	(128.4M)
Other Liab	286.9M	793.4M	846.3M	716.6M	824.1M	865.3M
Net Tangible Assets	961.3M	789.3M	955.9M	959.5M	1.1B	1.1B
Long Term Debt	714.5M	489.2M	491M	394.9M	396M	453.9M
Common Stock Total Equity	3.0B	3.0B	3.1B	3.2B	3.6B	3.8B
Inventory	110M	93.3M	101M	115.7M	126.7M	99.7M
Other Current Assets	7.1M	12.7M	14.8M	11.3M	22.3M	23.4M
Common Stock	3.1B	3.2B	3.2B	3.2B	3.1B	2.1B
Property Plant Equipment	1.9B	1.8B	1.8B	1.9B	2.1B	1.8B
Non Currrent Assets Other	1.8M	3M	2.6M	2.1M	2.1M	2.0M
Long Term Debt Total	738.4M	508.7M	501.7M	396.2M	356.6M	552.2M
Capital Surpluse	105.7M	106.7M	107.5M	107.8M	124.0M	115.7M
Non Current Liabilities Other	1M	9M	3.7M	4.8M	3.4M	4.7M

Also Currently Popular

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.

V	Visa Class A
GOOG	Alphabet Inc Class C
GOOG	Alphabet Inc Class C

When determining whether New Gold is a strong investment it is important to analyze New Gold's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact New Gold's future performance. For an informed investment choice regarding New Stock, refer to the following important reports:

How To Invest In New

Details

Is New Stock a good investment?

Details

What is New Gold's Net Worth?

Details

Largest Metals & Mining Companies

View

Largest Materials Companies

View

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

For information on how to trade New Stock refer to our How to Trade New Stock guide.

You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

Is 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 Gold. 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 Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

0.02

Revenue Per Share

1.187

Quarterly Revenue Growth

0.252

Return On Assets

0.0297

Return On Equity

0.0214

The market value of New 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 Gold's value that differs from its market value or its book value, called intrinsic value, which is New Gold'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 Gold's market value can be influenced by many factors that don't directly affect New Gold'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 Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if New Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Gold'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

New Net Income Per Share vs Free Cash Flow Per Share Analysis

Net Income Per Share vs Free Cash Flow Per Share

Net Income Per Share vs Free Cash Flow Per Share Correlation Analysis

Correlation Coefficient

Net Income Per Share

Free Cash Flow Per Share

New Gold fundamental ratios Correlations

New Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

New Gold fundamental ratios Accounts

Also Currently Popular

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Long Term Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Net Tangible Assets	+ 0.99	Total Stockholder Equity
Cash And Short Term Investments	+ 0.99	Cash

Common Stock Shares Outstanding	- 0.76	Retained Earnings
Other Liab	- 0.64	Retained Earnings
Common Stock Total Equity	- 0.62	Retained Earnings
Accounts Payable	- 0.47	Other Current Liab
Retained Earnings	- 0.45	Total Current Liabilities
Short Term Investments	- 0.41	Net Debt