NGEx Minerals Ltd. - NGEX.V

NGEX.V Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
NGEX.V	0	-1.1	5.2	6.6	47.1	128.9	1250.8	1960	1960	1960
S&P 500	0.3	1.8	2.1	5.3	9.8	25.4	38.4	83.5	197.4	34453.6

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	NGEX.V
name	NGEx Minerals Ltd.
price	8.24
changes percentage	7.013
change	0.54
day low	7.97
day high	8.25
year high	8.7
year low	2.72
market cap	1539429760
price avg 50	7.9904
price avg 200	6.874775
exchange	TSXV
volume	438720
avg volume	154364
open	8.05
previous close	7.7
eps	-0.21
pe	-39.238095
earnings announcement	2024-03-29T00:00:00.000+0000
shares outstanding	186824000
timestamp	2024-02-21 20:59:59

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 49.7%

Overall Quarterly Financial Health: 53.3%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	0	0	NaN
gross profit	0	0	NaN
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	48987798	34419492	42.33
interest income	1899940	249330	662.02
interest expense	71382	50303	41.90
ebitda	-48970136	-34443803	-42.17
ebitdaratio	0	0	NaN
operating income	-48987798	-34419492	-42.33
operating income ratio	0	0	NaN
net income	-37718192	-32415262	-16.36
net income ratio	0	0	NaN
eps	-0.21	-0.2	-5.00

Overall Score of Annual Income Statement

0.6 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Operating Expenses: Operating Expenses increased to 49 million in 2023 from 34 million in 2022 representing a change of 42.33%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  Earnings per Share (EPS): EPS increased to -0.21 in 2023 from -0.21 in 2022 representing a change of -5.0%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.

• 📈 Positive Indicators

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to -49 million in 2023 from -34 million in 2022 representing a change of -42.17%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to -49 million in 2023 from -34 million in 2022 representing a change of -42.33%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to -38 million in 2023 from -32 million in 2022 representing a change of -16.36%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
revenue	0	0	NaN
gross profit	0	0	NaN
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	12253357	9795241	25.10
interest income	556245	657074	-15.35
interest expense	13397	13556	-1.17
ebitda	-9818720	-9124193	-7.61
ebitdaratio	0	0	NaN
operating income	-12253357	-9795241	-25.10
operating income ratio	0	0	NaN
net income	-9847324	-7579088	-29.93
net income ratio	0	0	NaN
eps	-0.05	-0.04	-28.54

Overall Score of Quarterly Income Statement

0.6 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Operating Expenses: Operating Expenses decreased to 12 million in 2024Q3 from 10 million in 2024Q2 representing a change of 25.1%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to -10 million in 2024Q3 from -9 million in 2024Q2 representing a change of -7.61%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Net Income: Net income increased to -10 million in 2024Q3 from -8 million in 2024Q2 representing a change of -29.93%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

• 📉 Negative Indicators

  Operating Income: Operating income decreased to -12 million in 2024Q3 from -10 million in 2024Q2 representing a change of -25.1%. The decrease in operating income indicates worse operational performance and decreased profitability.

  Earnings per Share (EPS): EPS increased to -0.05 in 2024Q3 from -0.05 in 2024Q2 representing a change of -28.54%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	81292915	32311557	151.59
total liabilities	7824578	8297011	-5.69
total equity	73468337	24014546	205.93
cash and cash equivalents	59502617	23249241	155.93
short term investments	15229918	0	NaN
long term investments	0	0	NaN
total current assets	76873496	27549800	179.03
total non current assets	4419419	4761757	-7.19
total current liabilities	7189838	7327951	-1.88
total non current liabilities	634740	969060	-34.50
common stock	183002098	97613481	87.48
retained earnings	-113376603	-75658411	-49.85
total debt	0	0	NaN

Overall Score of Annual Balance Sheet

0.89 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 81 million in 2023 from 32 million in 2022 representing a change of 151.59%. Suggesting a growth in asset holdings.

  Total Liabilities: Total Liabilities decreased to 8 million in 2023 from 8 million in 2022 representing a change of -5.69%. This indicates a decrease in overall liabilities.

  Total Equity: Total Equity increased to 73 million in 2023 from 24 million in 2022 representing a change of 205.93%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 60 million in 2023 from 23 million in 2022 representing a change of 155.93%. This indicates an increase in available liquid assets.

  Short Term Investments: Short Term Investments increased to 15 million in 2023 from 0 million in 2022 representing a change of nan%. This indicates an increase in short-term investment holdings.

  Total Current Assets: Total Current Assets increased to 77 million in 2023 from 28 million in 2022 representing a change of 179.03%. This indicates a better liquidity position.

  Total Current Liabilities: Total Current Liabilities decreased to 7 million in 2023 from 7 million in 2022 representing a change of -1.88%. This indicates a lower short-term debt burden.

  Common Stock: Common Stock increased to 183 in 2023 from 98 in 2022 representing a change of 87.48%. This indicates an increase in ownership interest.

• 📉 Negative Indicators

  Retained Earnings: Retained Earnings decreased to -113 million in 2023 from -76 million in 2022 representing a change of -49.85%. This indicates an accumulated losses.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
total assets	53959316	59123009	-8.73
total liabilities	5877099	7146892	-17.77
total equity	48082217	51976117	-7.49
cash and cash equivalents	44079761	45672438	-3.49
short term investments	0	5217268	-100.00
long term investments	0	0	NaN
total current assets	46833919	52050654	-10.02
total non current assets	7125397	7072355	0.75
total current liabilities	5229297	6490055	-19.43
total non current liabilities	647802	656837	-1.38
common stock	186817741	185359690	0.79
retained earnings	-150546894	-140699570	-7.00
total debt	0	0	NaN

Overall Score of Quarterly Balance Sheet

0.33 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 54 million in 2024Q3 from 59 million in 2024Q2 representing a change of -8.73%. Suggesting a decrease in asset holdings.

  Total Equity: Total Equity decreased to 48 million in 2024Q3 from 52 million in 2024Q2 representing a change of -7.49%. This indicates a decrease in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 44 million in 2024Q3 from 46 million in 2024Q2 representing a change of -3.49%. This indicates a decrease in available liquid assets.

  Short Term Investments: Short Term Investments decreased to 0 million in 2024Q3 from 5 million in 2024Q2 representing a change of -100.0%. This indicates a decrease in short-term investment holdings.

  Total Current Assets: Total Current Assets decreased to 47 million in 2024Q3 from 52 million in 2024Q2 representing a change of -10.02%. This indicates a worsen liquidity position.

  Retained Earnings: Retained Earnings decreased to -151 million in 2024Q3 from -141 million in 2024Q2 representing a change of -7.0%. This indicates an accumulated losses.

• 📈 Positive Indicators

  Total Liabilities: Total Liabilities decreased to 6 million in 2024Q3 from 7 million in 2024Q2 representing a change of -17.77%. This indicates a decrease in overall liabilities.

  Total Current Liabilities: Total Current Liabilities decreased to 5 million in 2024Q3 from 6 million in 2024Q2 representing a change of -19.43%. This indicates a lower short-term debt burden.

  Common Stock: Common Stock increased to 187 in 2024Q3 from 185 in 2024Q2 representing a change of 0.79%. This indicates an increase in ownership interest.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	36253376	2249199	1511.83
operating cash flow	-27087854	-27156678	0.25
free cash flow	-27411196	-27282898	-0.47
capital expenditure	-323342	-126220	-156.17
depreciation and amortization	17231	12275	40.37
deferred income tax	0	0	NaN
stock based compensation	4671200	2927355	59.57
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	-323342	-126220	-156.17
net cash used for investing activites	-15323342	-126220	-12040.19
debt repayment	0	11050	-100.00
common stock issued	85659990	30000000	185.53
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	84705018	29834863	183.91
cash at end of period	59502617	23249241	155.93
accounts receivables	2105888	-3159.15	66759.98
cash at beginning of period	23249241	21000042	10.71

Overall Score of Annual Cashflow Statement

None

Detailed Analysis

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
operating cash flow	-7854533	-10924555	28.10
free cash flow	-7736536	-13818853	44.01
capital expenditure	117997	-2894298	104.08
depreciation and amortization	15207	13431	13.22
deferred income tax	0	0	NaN
stock based compensation	4615913	758609	508.47
accounts receivables	-1576641	1739410	-190.64
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	117997	0	NaN
net cash used for investing activites	5398764	2309880	133.72
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	936958	1250013	-25.04
net change in cash	-1592677	-7563404	78.94
cash at end of period	44079761	45672438	-3.49
cash at beginning of period	45672438	53235842	-14.21

Overall Score of Quarterly Cashflow Statement

0.67 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to -2 million in 2024Q3 from -8 million in 2024Q2 representing a change of 78.94%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to -8 million in 2024Q3 from -11 million in 2024Q2 representing a change of 28.1%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to -8 million in 2024Q3 from -14 million in 2024Q2 representing a change of 44.01%. This indicates an increase in cash generated after accounting for capital expenditures.

  Accounts Receivables: Accounts Receivables decreased to -2 million in 2024Q3 from 2 million in 2024Q2 representing a change of -190.64%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.

• 📉 Negative Indicators

  Capital Expenditure: Capital Expenditure increased to 0 million in 2024Q3 from -3 million in 2024Q2 representing a change of 104.08%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

  Stock-Based Compensation: Stock-Based Compensation increased to 5 million in 2024Q3 from 1 million in 2024Q2 representing a change of 508.47%. This indicates increased expenses, which is generally considered a negative sign from a financial perspective.

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	0	0	NaN
net income per share	-0.21	-0.2	-4.34
operating cash flow per share	-0.15	-0.17	10.55
free cash flow per share	-0.15	-0.17	9.90
cash per share	0.42	0.15	188.25
book value per share	0.41	0.15	174.34
tangible book value per share	0.41	0.15	182.69
shareholders equity per share	0.41	0.15	174.34
interest debt per share	0.0	0.0	27.25
market cap	1422283920	491647947.56	189.29
enterprise value	1362781303	468398706.56	190.94
pe ratio	-37.71	-15.17	-148.62
price to sales ratio	0	0	NaN
pocfratio	-52.51	-18.1	-190.02
pfcf ratio	-51.89	-18.02	-187.94
pb ratio	19.36	20.47	-5.44
ptb ratio	19.36	20.47	-5.44
ev to sales	0	0	NaN
enterprise value over ebitda	-27.83	-13.6	-104.64
ev to operating cash flow	-50.31	-17.25	-191.68
ev to free cash flow	-49.72	-17.17	-189.58
earnings yield	-0.03	-0.07	59.78
free cash flow yield	-0.02	-0.06	65.27
debt to equity	0	0	NaN
debt to assets	0	0	NaN
net debt to ebitda	1.22	0.67	80.01
current ratio	10.69	3.76	184.39
interest coverage	-686.28	-684.24	-0.30
income quality	0.72	0.84	-14.28
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0.01	0.03	-80.45
capex to operating cash flow	-0.01	-0.0	-156.82
capex to revenue	0	0	NaN
capex to depreciation	18.77	10.28	82.49
stock based compensation to revenue	0	0	NaN
graham number	1.4	0.83	69.19
roic	-0.66	-1.37	51.66
return on tangible assets	-0.47	-1.03	54.72
graham net net	0.38	0.08	350.10
working capital	69683658	20221849	244.60
tangible asset value	73055070	23174209	215.24
net current asset value	69048918	19252789	258.64
invested capital	74103077	24983606	196.61
average receivables	465771	0	NaN
average payables	7014241	4540269	54.49
average inventory	-1483073	-1604140.5	7.55
days sales outstanding	0	0	NaN
days payables outstanding	0	0	NaN
days of inventory on hand	0	0	NaN
receivables turnover	0	0	NaN
payables turnover	0	0	NaN
inventory turnover	0	0	NaN
roe	-0.51	-1.35	61.97
capex per share	0.0	0.0	129.72

• Negative

  ROE: Return on Equity (ROE) increased to -0.51 on 2023-12-31 from -1.35 on 2022-12-31, representing a change of 61.97%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to -37.71 on 2023-12-31 from -15.17 on 2022-12-31, representing a change of -148.62%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio increased to 10.69 on 2023-12-31 from 3.76 on 2022-12-31, representing a change of 184.39%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Quarterly Financial Ratios

	2024-09-30 Q3	2024-06-30 Q2	Q/Q change %
NGEX.V
calendar year	2024	2024	NaN
revenue per share	0	0	NaN
net income per share	-0.05	-0.04	-28.66
operating cash flow per share	-0.04	-0.06	28.80
free cash flow per share	-0.04	-0.07	44.56
cash per share	0.23	0.27	-14.23
book value per share	0.25	0.28	-8.40
tangible book value per share	0.25	0.28	-8.26
shareholders equity per share	0.25	0.28	-8.40
interest debt per share	0.0	0.0	-2.14
market cap	2120574151.8	1486460982.2	42.66
enterprise value	2076494390.8	1440788544.2	44.12
pe ratio	-53.84	-49.03	-9.80
price to sales ratio	0	0	NaN
pocfratio	-269.98	-136.07	-98.42
pfcf ratio	-274.1	-107.57	-154.82
pb ratio	44.1	28.6	54.21
ptb ratio	44.1	28.6	54.21
ev to sales	0	0	NaN
enterprise value over ebitda	-211.48	-157.91	-33.93
ev to operating cash flow	-264.37	-131.89	-100.45
ev to free cash flow	-268.4	-104.26	-157.43
earnings yield	-0.0	-0.01	8.92
free cash flow yield	-0.0	-0.01	60.76
debt to equity	0	0	NaN
debt to assets	0	0	NaN
net debt to ebitda	4.49	5.01	-10.31
current ratio	8.96	8.02	11.67
interest coverage	-914.63	-722.58	-26.58
income quality	0.8	1.44	-44.66
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0.0	0.0	-34.91
capex to operating cash flow	-0.02	-0.26	94.33
capex to revenue	0	0	NaN
capex to depreciation	7.76	215.49	-96.40
stock based compensation to revenue	0	0	NaN
graham number	0.54	0.5	8.56
roic	-0.25	-0.19	-35.11
return on tangible assets	-0.18	-0.13	-42.18
graham net net	0.21	0.23	-11.37
working capital	41604622	45560599	-8.68
tangible asset value	47955287	51762440	-7.36
net current asset value	40956820	44903762	-8.79
invested capital	48361846	52055350	-7.10
average receivables	1123364	259284	333.26
average payables	3212522	9897312.5	-67.54
average inventory	0	-579803	100.00
days sales outstanding	0	0	NaN
days payables outstanding	0	0	NaN
days of inventory on hand	0	0	NaN
receivables turnover	0	0	NaN
payables turnover	0	0	NaN
inventory turnover	0	0	NaN
roe	-0.2	-0.15	-40.45
capex per share	0.0	0.02	-95.96

• Negative

  ROE: Return on Equity (ROE) decreased to -0.20 on 2024-09-30 Q3 from -0.15 on 2024-06-30 Q2, representing a change of -40.45%. Suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to -53.84 on 2024-09-30 Q3 from -49.03 on 2024-06-30 Q2, representing a change of -9.80%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio increased to 8.96 on 2024-09-30 Q3 from 8.02 on 2024-06-30 Q2, representing a change of 11.67%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

None