New Gold Price To Book vs. Shares Outstanding

NGD Stock  CAD 4.07  0.31  7.08%   
Based on the measurements of profitability obtained from New Gold's financial statements, New Gold's profitability may be sliding down. It has an above-average likelihood of reporting lower numbers next quarter. Profitability indicators assess New Gold's ability to earn profits and add value for shareholders. At this time, New Gold's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 13th of December 2024, Operating Cash Flow Sales Ratio is likely to grow to 0.38, while Price To Sales Ratio is likely to drop 1.21. At this time, New Gold's Operating Income is very stable compared to the past year. As of the 13th of December 2024, Income Tax Expense is likely to grow to about 5.6 M, though Accumulated Other Comprehensive Income is likely to grow to (129.1 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.240.1296
Way Up
Slightly volatile
For New Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of New Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well New Gold utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between New Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of New Gold over time as well as its relative position and ranking within its peers.
  
Check out Correlation Analysis.
To learn how to invest in New Stock, please use our How to Invest in New Gold guide.
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.

New Gold Shares Outstanding vs. Price To Book Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining New Gold's current stock value. Our valuation model uses many indicators to compare New Gold value to that of its competitors to determine the firm's financial worth.
New Gold is regarded second in price to book category among its peers. It is considered to be number one stock in shares outstanding category among its peers creating about  322,750,864  of Shares Outstanding per Price To Book. As of the 13th of December 2024, Common Stock Shares Outstanding is likely to grow to about 718.2 M. Comparative valuation analysis is a catch-all model that can be used if you cannot value New Gold by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for New Gold's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

New Shares Outstanding vs. Price To Book

Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

New Gold

P/B

 = 

MV Per Share

BV Per Share

 = 
2.45 X
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

New Gold

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
790.9 M
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.

New Shares Outstanding Comparison

New Gold is currently under evaluation in shares outstanding category among its peers.

New Gold Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in New Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, New Gold will eventually generate negative long term returns. The profitability progress is the general direction of New Gold's change in net profit over the period of time. It can combine multiple indicators of New Gold, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income-135.9 M-129.1 M
Operating Income61.8 M64.9 M
Income Before Tax-59.2 M-62.2 M
Total Other Income Expense Net-121 M-115 M
Net Loss-64.5 M-67.7 M
Income Tax Expense5.3 M5.6 M
Net Loss-64.5 M-67.7 M
Net Loss-60.1 M-63.1 M
Interest Income7.5 M7.1 M
Net Interest Income-5.7 M-6 M
Change To Netincome55.2 M98.6 M
Net Loss(0.09)(0.10)
Income Quality(4.38)(4.16)
Net Income Per E B T 1.09  1.14 

New Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on New Gold. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of New Gold position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the New Gold's important profitability drivers and their relationship over time.

Use New Gold in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if New Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in New Gold will appreciate offsetting losses from the drop in the long position's value.

New Gold Pair Trading

New Gold Pair Trading Analysis

The ability to find closely correlated positions to New Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back New Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling New Gold to buy it.
The correlation of New Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as New Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for New Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your New Gold position

In addition to having New Gold in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

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Agency Mbs ETFs
Agency Mbs ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Agency Mbs ETFs theme has 11 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Agency Mbs ETFs Theme or any other thematic opportunities.
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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:
Check out Correlation Analysis.
To learn how to invest in New Stock, please use our How to Invest in New Gold guide.
You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
To fully project New Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of New Gold at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include New Gold's income statement, its balance sheet, and the statement of cash flows.
Potential New Gold investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although New Gold investors may work on each financial statement separately, they are all related. The changes in New Gold's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on New Gold's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.