New Pacific Metals Corp (NYSE: NEWP)

Sector: Basic Materials Industry: Other Precious Metals & Mining CIK: 0001369085
Market Cap 582.35 Mn
P/B 4.97
P/E -195.22
P/S 0.00
ROIC (Qtr) -5.20
Div Yield % 0.00
Rev 1y % (Qtr) 0.00
Total Debt (Qtr) 0.00
Debt/Equity (Qtr) 0.00
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About

Investment thesis

Bull case

  • Tangible assets of 117.91M provide robust 1215.93x coverage of other current liabilities 96972.99, indicating strong asset backing.
  • Cash reserves of 30.33M provide robust 40.94x coverage of current liabilities 740835.77, indicating strong short-term solvency.
  • Robust tangible asset base of 117.91M provides 3.94x coverage of working capital 29.92M, indicating strong operational backing.
  • Strong cash position of 30.33M provides 312.73x coverage of other current liabilities 96972.99, indicating excellent liquidity.
  • Tangible assets of 117.91M provide robust 159.16x coverage of current liabilities 740835.77, showing strong asset backing.

Bear case

  • Investment activities of (1.93M) provide weak support for R&D spending of 32545.99, which is -59.39x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • The company's operating cash flow of (2.57M) shows concerning coverage of stock compensation expenses of 931250.36, with a -2.76 ratio indicating potential earnings quality issues.
  • Operating earnings of (2.98M) show weak coverage of depreciation charges of 137615.33, with a -21.68 ratio indicating high capital intensity and potential reinvestment needs.
  • Free cash flow of (4.82M) provides weak coverage of capital expenditures of 2.25M, with a -2.14 ratio suggesting additional external financing needs for growth initiatives.
  • Operating cash flow of (2.57M) barely covers operating expenses of 579218.25 with a -4.43 ratio, suggesting thin operational efficiency margins and limited flexibility.

Peer comparison

Companies in the Other Precious Metals & Mining
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 HL Hecla Mining Co/De/ 13.92 Bn 43.35 9.78 275.80 Mn
2 TFPM Triple Flag Precious Metals Corp. 7.13 Bn 34.87 20.73 14.50 Mn
3 PPTA Perpetua Resources Corp. 2.49 Bn -56.16 0.00 0.05 Mn
4 ASM Avino Silver & Gold Mines Ltd 1.28 Bn 82.71 20.45 3.38 Mn
5 MUX McEwen Inc. 1.25 Bn -104.83 7.51 127.73 Mn
6 MTA Metalla Royalty & Streaming Ltd. 0.74 Bn -347.30 96.23 8.77 Mn
7 NEWP New Pacific Metals Corp 0.58 Bn -195.22 0.00 0.00 Mn
8 ELE Elemental Royalty Corp 0.30 Bn -829.72 18.50 0.00 Mn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 3.48 0.38
EV to Cash from Ops. EV/CFO -159.93 46.96
EV to Debt EV to Debt 0.00 3,165.55
EV to EBIT EV/EBIT -137.73 -95.38
EV to EBITDA EV/EBITDA -104.74 4.86
EV to Free Cash Flow [EV/FCF] EV/FCF -85.25 31.14
EV to Market Cap EV to Market Cap 0.71 0.86
EV to Revenue EV to Revenue 0.00 13.34
Price to Book Value [P/B] P/B 4.97 6.32
Price to Earnings [P/E] P/E -195.22 -125.76
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 2.56
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 -10.52
Dividend per Basic Share Div per Share (Qtr) 0.00 0.02
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 3.93
Interest Coverage Interest Coverage 0.00 9.92
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) -0.81 -825.54
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 141.78 689.03
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 -3.81
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 9.61 85.08
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 9.59 150.70
EBIT Growth (1y) % EBIT 1y % (Qtr) 9.61 97.21
EBT Growth (1y) % EBT 1y % (Qtr) 9.61 107.49
EPS Growth (1y) % EPS 1y % (Qtr) 15.91 129.12
FCF Growth (1y) % FCF 1y % (Qtr) -7.13 414.62
Gross Profit Growth (1y) % Gross Profit Growth (1y) % 0.00 41.58
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.00 0.15
Cash Payout Ratio Cash Payout Ratio 0.00 0.01
Cash Ratio Cash Ratio (Qtr) 40.94 9.29
Current Ratio Curr Ratio (Qtr) 41.39 12.32
Debt to Equity Ratio Debt/Equity (Qtr) 0.00 0.07
Interest Cover Ratio Interest Cover Ratio 0.00 9.92
Times Interest Earned Times Interest Earned 0.00 9.92
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % 0.00 -110.37
EBIT Margin % EBIT Margin % 0.00 -125.82
EBT Margin % EBT Margin % 0.00 -136.05
Gross Margin % Gross Margin % 0.00 27.60
Net Profit Margin % Net Profit Margin % 0.00 -140.71