New Found Gold Corp. (NFGC) 10-Year Financial Performance & Capital Metrics

NFGC • • Industrial / General

Basic MaterialsGoldExploration-Stage Gold CompaniesGlobal Exploration Portfolio

AboutNew Found Gold Corp., a mineral exploration company, engages in the identification, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, and Ontario. The company primarily explores for gold deposit. It holds 100% interests in the Queensway project that includes 86 mineral licenses and 6,041 claims covering an area of 151,030 hectares of land located near Gander, Newfoundland; and the Lucky Strike project comprising 11,684 hectares located in Kirkland Lake, Ontario. The company was formerly known as Palisade Resources Corp. and changed its name to New Found Gold Corp. in June 2017. New Found Gold Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada.Show more

Revenue $0
EBITDA -$60M +41.8%
Net Income -$50M +37.1%
EPS (Diluted) -0.26 +42.2%
Gross Margin -
EBITDA Margin -
Operating Margin -
Net Margin -
ROE -76.12% +29.0%
ROIC -161.13% +86.3%
Debt/Equity 0.00 -23.2%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 94 (top 6%)
✓Trading near 52-week high

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM20.12%

EPS CAGR

10Y-

5Y-

3Y-

TTM26.16%

ROCE

10Y Avg-116.69%

5Y Avg-91.84%

3Y Avg-103.7%

Latest-91.24%

Peer Comparison

Global Exploration Portfolio

Name	Market Cap	Current Price	P/E Ratio	ROE	FCF Yield	Debt/Equity
CTGOContango Ore, Inc.	418.84M	27.99	-8.02	-440.82%	0.17%	54.19
GLDGGoldMining Inc.	302.08M	1.44	-10.72	-8.51%		0.00
NFGCNew Found Gold Corp.	1.09B	3.18	-12.23	-45.25%		0.00
DCDakota Gold Corp.	716.95M	6.33	-17.11	-21.16%		0.00
CNLCollective Mining Ltd.	1.41B	15.23	-40.08	-75.26%		0.00

Profit & Loss

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	0	0	0	0	0	0
Revenue Growth %	-	-	-	-	-	-	-
Cost of Goods Sold+	4.31K	0	0	582.93K	880.4K	940.21K	0
COGS % of Revenue	-	-	-	-	-	-	-
Gross Profit+	-4.31K	0	0	-582.93K	-880.4K	-940.21K	0
Gross Margin %	-	-	-	-	-	-	-
Gross Profit Growth %	-	1%	-	-	-0.51%	-0.07%	1%
Operating Expenses+	2.66M	3.93M	38.35M	56.08M	87.84M	102.53M	60.32M
OpEx % of Revenue	-	-	-	-	-	-	-
Selling, General & Admin	2.66M	3.91M	38.13M	12.5M	13.01M	5.56M	59.06M
SG&A % of Revenue	-	-	-	-	-	-	-
Research & Development	0	0	0	0	1.15M	1.27M	0
R&D % of Revenue	-	-	-	-	-	-	-
Other Operating Expenses	0	12.88K	221.44K	43.58M	73.67M	95.69M	1.26M
Operating Income+	-2.66M	-3.93M	-38.35M	-56.66M	-88.72M	-103.47M	-60.32M
Operating Margin %	-	-	-	-	-	-	-
Operating Income Growth %	-	-0.48%	-8.77%	-0.48%	-0.57%	-0.17%	0.42%
EBITDA+	-2.66M	-3.82M	-38.08M	-56.08M	-87.84M	-102.53M	-59.64M
EBITDA Margin %	-	-	-	-	-	-	-
EBITDA Growth %	-	-0.44%	-8.97%	-0.47%	-0.57%	-0.17%	0.42%
D&A (Non-Cash Add-back)	4.31K	103.83K	265.12K	582.93K	880.4K	940.21K	676.23K
EBIT	-2.73M	-4.02M	-38.42M	-50.63M	-89.97M	-79.86M	-59.87M
Net Interest Income+	0	0	58.34K	115.22K	1.2M	2.76M	2.84M
Interest Income	16.45K	0	61.88K	122.71K	1.22M	2.79M	2.84M
Interest Expense	0	0	3.54K	7.49K	15.99K	27.12K	0
Other Income/Expense	1.32M	-94.62K	5.81M	6.02M	-1.27M	23.58M	10.98M
Pretax Income+	-1.34M	-4.02M	-32.53M	-50.64M	-89.99M	-79.89M	-49.34M
Pretax Margin %	-	-	-	-	-	-	-
Income Tax+	2	0	0	0	0	0	928.77K
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	1.02%
Net Income+	-1.34M	-4.02M	-32.53M	-50.64M	-89.99M	-79.89M	-50.27M
Net Margin %	-	-	-	-	-	-	-
Net Income Growth %	-	-2%	-7.09%	-0.56%	-0.78%	0.11%	0.37%
Net Income (Continuing)	-1.34M	-4.02M	-32.53M	-50.64M	-89.99M	-79.89M	-50.27M
Discontinued Operations	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0
EPS (Diluted)+	-0.03	-0.09	-0.30	-0.37	-0.66	-0.45	-0.26
EPS Growth %	-	-1.99%	-2.33%	-0.23%	-0.78%	0.32%	0.42%
EPS (Basic)	-0.03	-0.09	-0.30	-0.37	-0.66	-0.45	-0.26
Diluted Shares Outstanding	44.6M	44.6M	112.66M	154.95M	166.86M	178.36M	194.03M
Basic Shares Outstanding	44.6M	44.6M	112.66M	154.95M	166.86M	178.36M	193.34M
Dividend Payout Ratio	-	-	-	-	-	-	-

Balance Sheet

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.06M	8.23M	71.16M	136.52M	94.33M	62.38M	29.75M
Cash & Short-Term Investments	721.28K	7.45M	68.82M	129.06M	89.64M	57.48M	23.1M
Cash Only	323.18K	7.34M	47.73M	100.48M	82.17M	53.88M	22.32M
Short-Term Investments	398.1K	114.94K	21.09M	28.58M	7.47M	3.6M	779.02K
Accounts Receivable	274.26K	337.16K	1.03M	1.81M	3.14M	3.37M	5.03M
Days Sales Outstanding	-	-	-	-	-	-	-
Inventory	0	0	1.26M	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-
Other Current Assets	274.26K	0	54.03K	3.47M	103.17K	222.94K	147K
Total Non-Current Assets+	719.32K	1.13M	2.38M	11.54M	16.35M	22.2M	44.27M
Property, Plant & Equipment	41.64K	1.13M	2.38M	11.54M	16.35M	16.89M	42.56M
Fixed Asset Turnover	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	0	0	2.86M	1.53M
Other Non-Current Assets	677.68K	0	0	0	0	2.45M	179.7K
Total Assets+	1.78M	9.36M	73.54M	148.06M	110.69M	84.58M	74.02M
Asset Turnover	-	-	-	-	-	-	-
Asset Growth %	-	4.25%	6.86%	1.01%	-0.25%	-0.24%	-0.12%
Total Current Liabilities+	828.31K	392.85K	635.08K	12.76M	27.14M	19.01M	7.38M
Accounts Payable	0	0	0	0	0	5.19M	4.84M
Days Payables Outstanding	-	-	-	-	-	2.01K	-
Short-Term Debt	0	0	0	0	0	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	0
Other Current Liabilities	349.45K	392.85K	581.88K	12.7M	27.06M	13.73M	2.48M
Current Ratio	1.28x	20.94x	112.05x	10.70x	3.48x	3.28x	4.03x
Quick Ratio	1.28x	20.94x	110.07x	10.70x	3.48x	3.28x	4.03x
Cash Conversion Cycle	-	-	-	-	-	-	-
Total Non-Current Liabilities+	0	0	0	12.65M	68.84K	68.84K	69.32K
Long-Term Debt	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	46.6K	68.84K	68.84K	69.32K
Deferred Tax Liabilities	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	12.6M	0	0	0
Total Liabilities	828.31K	392.85K	635.08K	25.4M	27.21M	19.08M	7.45M
Total Debt+	0	0	53.2K	100.85K	150.23K	157.8K	123.1K
Net Debt	-323.18K	-7.34M	-47.68M	-100.38M	-82.02M	-53.73M	-22.19M
Debt / Equity	-	-	0.00x	0.00x	0.00x	0.00x	0.00x
Debt / EBITDA	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-
Interest Coverage	-	-	-10820.34x	-7562.02x	-5548.97x	-3815.32x	-
Total Equity+	955.19K	8.96M	72.9M	122.65M	83.47M	65.5M	66.57M
Equity Growth %	-	8.38%	7.13%	0.68%	-0.32%	-0.22%	0.02%
Book Value per Share	0.02	0.20	0.65	0.79	0.50	0.37	0.34
Total Shareholders' Equity	955.19K	8.96M	72.9M	122.65M	83.47M	65.5M	66.57M
Common Stock	2.85M	10.74M	87.67M	181.8M	229.63M	290.24M	341.35M
Retained Earnings	-2.42M	-6.44M	-38.98M	-89.62M	-179.61M	-259.5M	-309.76M
Treasury Stock	0	0	0	0	0	0	0
Accumulated OCI	530.6K	4.67M	24.21M	30.47M	33.45M	34.76M	34.99M
Minority Interest	0	0	0	0	0	0	0

Cash Flow

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-1.9M	-2.65M	-13.22M	-48.51M	-74.38M	-99.27M	-55.68M
Operating CF Margin %	-	-	-	-	-	-	-
Operating CF Growth %	-	-0.39%	-3.99%	-2.67%	-0.53%	-0.33%	0.44%
Net Income	-1.34M	-4.02M	-32.53M	-50.64M	-89.99M	-79.89M	-50.27M
Depreciation & Amortization	4.31K	12.49K	129.96K	582.93K	880.4K	940.21K	813.65K
Stock-Based Compensation	0	2.13M	26.46M	7.61M	8.49M	1.41M	889.04K
Deferred Taxes	0	0	-3.99M	0	0	0	0
Other Non-Cash Items	-1.18M	93.71K	-1.77M	-5.9M	2.45M	-21.13M	-8.41M
Working Capital Changes	626.34K	-866.16K	-1.51M	-170.18K	3.79M	-604.65K	1.29M
Change in Receivables	-4.11K	118.77K	43.25K	-779.98K	-1.34M	-230.68K	1.09M
Change in Inventory	0	0	0	0	0	0	0
Change in Payables	0	0	0	0	0	0	0
Cash from Investing+	1.22M	-26.58K	-1.59M	-17.07M	-737.87K	-4.44M	-3.01M
Capital Expenditures	-308.6K	-307.37K	-1.55M	-5.42M	-5.56M	-1.7M	-4.48M
CapEx % of Revenue	-	-	-	-	-	-	-
Acquisitions	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-
Other Investing	975K	0	-42.93K	-111.13K	-4.13K	-102.23K	372.49K
Cash from Financing+	0	9.69M	55.2M	118.34M	56.8M	75.43M	27.12M
Debt Issued (Net)	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-
Other Financing	0	439.5K	16.72M	-2.06M	4.37M	-3.41M	-266.97K
Net Change in Cash	-	-	-	-	-	-	-
Free Cash Flow+	-2.21M	-2.96M	-14.76M	-53.94M	-79.94M	-100.99M	-60.17M
FCF Margin %	-	-	-	-	-	-	-
FCF Growth %	-	-0.34%	-3.99%	-2.65%	-0.48%	-0.26%	0.4%
FCF per Share	-0.05	-0.07	-0.13	-0.35	-0.48	-0.57	-0.31
FCF Conversion (FCF/Net Income)	1.42x	0.66x	0.41x	0.96x	0.83x	1.24x	1.11x
Interest Paid	0	0	0	0	0	0	25.11K
Taxes Paid	0	0	0	0	0	0	0

Key Ratios

Metric	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-140.4%	-81.07%	-79.48%	-51.79%	-87.31%	-107.25%	-76.12%
Return on Invested Capital (ROIC)	-315.67%	-260.82%	-214.23%	-178.95%	-560.8%	-1172.67%	-161.13%
Debt / Equity	-	-	0.00x	0.00x	0.00x	0.00x	0.00x
Interest Coverage	-	-	-10820.34x	-7562.02x	-5548.97x	-3815.32x	-
FCF Conversion	1.42x	0.66x	0.41x	0.96x	0.83x	1.24x	1.11x

Frequently Asked Questions

Growth & Financials

New Found Gold Corp. (NFGC) grew revenue by 0.0% over the past year. Growth has been modest.

New Found Gold Corp. (NFGC) reported a net loss of $45.9M for fiscal year 2024.

Dividend & Returns

New Found Gold Corp. (NFGC) has a return on equity (ROE) of -76.1%. Negative ROE indicates the company is unprofitable.

New Found Gold Corp. (NFGC) had negative free cash flow of $53.9M in fiscal year 2024, likely due to heavy capital investments.

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