Neo Performance Materials
Neo Performance Materials Inc., through its subsidiaries, manufactures rare earth- and rare metal-based functional materials in Canada and internationally. The last earnings update was 7 days ago. More info.
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- Neo Performance Materials has significant price volatility in the past 3 months.
NEO Share Price and Events
7 Day Returns
1 Year Returns
NEO Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Neo Performance Materials (NEO) | 22.8% | -25.3% | -24.8% | -22.6% | - | - |
| CA Chemicals | -0.1% | 0.1% | 14.9% | 6.4% | 41.7% | -9.2% |
| CA Market | 0.9% | 2.2% | 10.5% | -0.2% | 15.7% | 4.9% |
1 Year Return vs Industry and Market
- NEO underperformed the Chemicals industry which returned 6.4% over the past year.
- NEO underperformed the Market in Canada which returned -0.2% over the past year.
NEO Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Neo Performance Materials
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Neo Performance Materials.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 6 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.3% |
| Perpetual Growth Rate | 10-Year CA Government Bond Rate | 1.9% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year CA Govt Bond Rate | 1.9% |
| Equity Risk Premium | S&P Global | 6% |
| Chemicals Unlevered Beta | Simply Wall St/ S&P Global | 1.34 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.345 (1 + (1- 26.5%) (1.07%)) |
1.238 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.24 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.238 * 5.96%) |
9.33% |
Discounted Cash Flow Calculation for TSX:NEO using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Neo Performance Materials is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.33%) |
|
|---|---|---|---|
| 2019 | 52.38 | Analyst x3 | 47.91 |
| 2020 | 53.48 | Analyst x3 | 44.74 |
| 2021 | 54.57 | Est @ 2.03% | 41.76 |
| 2022 | 55.66 | Est @ 2.01% | 38.96 |
| 2023 | 56.77 | Est @ 1.99% | 36.35 |
| 2024 | 57.89 | Est @ 1.98% | 33.90 |
| 2025 | 59.03 | Est @ 1.97% | 31.62 |
| 2026 | 60.19 | Est @ 1.96% | 29.49 |
| 2027 | 61.37 | Est @ 1.96% | 27.50 |
| 2028 | 62.57 | Est @ 1.95% | 25.65 |
| Present value of next 10 years cash flows | $357.90 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $62.57 × (1 + 1.95%) ÷ (9.33% – 1.95%) |
$864.33 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $864.33 ÷ (1 + 9.33%)10 |
$354.34 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $357.90 + $354.34 |
$712.24 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $712.24 / 39.65 |
$17.96 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | USD/CAD
(Reporting currency to currency of TSX:NEO) |
1.334 |
| Value per Share (CAD) |
= Value per Share in USD x Exchange Rate (USD/CAD)
= $17.96 x 1.334 |
CA$23.95 |
| Value per share (CAD) | From above. | CA$23.95 |
| Current discount | Discount to share price of
CA$12.48
= -1 x (CA$12.48 - CA$23.95) / CA$23.95 |
47.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Neo Performance Materials's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Neo Performance Materials's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Neo Performance Materials's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Neo Performance Materials's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $1.02 |
| TSX:NEO Share Price ** | TSX (2019-03-15) in CAD | CA$12.48 |
| TSX:NEO Share Price converted to USD reporting currency | Exchange rate (CAD/ USD) 0.75 | $9.36 |
| Canada Chemicals Industry PE Ratio | Median Figure of 6 Publicly-Listed Chemicals Companies | 9.05x |
| Canada Market PE Ratio | Median Figure of 542 Publicly-Listed Companies | 14.84x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Neo Performance Materials.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = TSX:NEO Share Price ÷ EPS (both in USD) = 9.36 ÷ 1.02 |
9.14x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Neo Performance Materials is overvalued based on earnings compared to the CA Chemicals industry average.
- Neo Performance Materials is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does
Neo Performance Materials's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 9.14x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts |
0.8%per year |
| North America Chemicals Industry PEG Ratio | Median Figure of 49 Publicly-Listed Chemicals Companies | 1.45x |
| Canada Market PEG Ratio | Median Figure of 251 Publicly-Listed Companies | 1.2x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 9.14x ÷ 0.8% |
11.86x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Neo Performance Materials is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Neo Performance Materials's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $10.91 |
| TSX:NEO Share Price * | TSX (2019-03-15) in CAD | CA$12.48 |
| TSX:NEO Share Price converted to USD reporting currency | Exchange rate (CAD/ USD) 0.75 | $9.36 |
| Canada Chemicals Industry PB Ratio | Median Figure of 29 Publicly-Listed Chemicals Companies | 1.38x |
| Canada Market PB Ratio | Median Figure of 2,348 Publicly-Listed Companies | 1.57x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = TSX:NEO Share Price ÷ Book Value per Share (both in USD) = 9.36 ÷ 10.91 |
0.86x |
* Primary Listing of Neo Performance Materials.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Neo Performance Materials is good value based on assets compared to the CA Chemicals industry average.
Value checks
We assess Neo Performance Materials's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check) Neo Performance Materials has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
NEO Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Neo Performance Materials's earnings growth is positive but not above the low risk savings rate of 1.9%.
Growth vs Market Checks
- Neo Performance Materials's earnings growth is positive but not above the Canada market average.
- Neo Performance Materials's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| TSX:NEO Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts | 0.8% |
| TSX:NEO Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts | 2.5% |
| Canada Chemicals Industry Earnings Growth Rate | Market Cap Weighted Average | 28.7% |
| Canada Chemicals Industry Revenue Growth Rate | Market Cap Weighted Average | 3.2% |
| Canada Market Earnings Growth Rate | Market Cap Weighted Average | 17.9% |
| Canada Market Revenue Growth Rate | Market Cap Weighted Average | 6.8% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 477 | 61 | 41 | 6 |
| 2019-12-31 | 456 | 65 | 36 | 6 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 454 | -9 | 41 |
| 2018-09-30 | 454 | 2 | 35 |
| 2018-06-30 | 456 | 44 | 35 |
| 2018-03-31 | 448 | 51 | 25 |
| 2017-12-31 | 434 | 60 | 25 |
| 2017-09-30 | 272 | 14 | 18 |
| 2017-06-30 | 250 | -16 | 3 |
| 2017-03-31 | 242 | 6 | -4 |
| 2016-12-31 | 229 | 13 | -14 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
All data from Neo Performance Materials Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 1.02 | 1.03 | 1.00 | 2.00 |
| 2019-12-31 | 0.89 | 0.95 | 0.82 | 2.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 1.02 |
| 2018-09-30 | 0.87 |
| 2018-06-30 | 0.88 |
| 2018-03-31 | 0.63 |
| 2017-12-31 | 0.62 |
| 2017-09-30 | 0.38 |
| 2017-06-30 | 0.09 |
| 2017-03-31 | -0.11 |
| 2016-12-31 | -0.80 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Neo Performance Materials is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Neo Performance Materials's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Neo Performance Materials has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
NEO Past Performance
How has Neo Performance Materials performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Unable to establish if Neo Performance Materials's year on year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
- Unable to compare Neo Performance Materials's 1-year earnings growth to the 5-year average as it has been trading publicly for less than 3 years.
- Neo Performance Materials's earnings growth has exceeded the North America Chemicals industry average in the past year (65.7% vs 13.2%).
Earnings and Revenue History
All data from Neo Performance Materials Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 454.20 | 40.80 | 53.38 | 16.84 |
| 2018-09-30 | 454.29 | 34.61 | 60.93 | 17.44 |
| 2018-06-30 | 456.49 | 34.99 | 64.60 | 17.49 |
| 2018-03-31 | 447.69 | 25.11 | 69.45 | 16.77 |
| 2017-12-31 | 434.17 | 24.62 | 69.46 | 15.71 |
| 2017-09-30 | 272.12 | 17.78 | 43.10 | 9.07 |
| 2017-06-30 | 250.39 | 3.19 | 39.01 | 8.17 |
| 2017-03-31 | 241.97 | -4.47 | 32.59 | 7.75 |
| 2016-12-31 | 228.53 | -14.28 | 29.78 | 7.90 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Neo Performance Materials has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Neo Performance Materials used its assets less efficiently than the CA Chemicals industry average last year based on Return on Assets.
- Unable to establish if Neo Performance Materials improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Neo Performance Materials's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Neo Performance Materials has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
NEO Health
How is Neo Performance Materials's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Neo Performance Materials's finances.
The net worth of a company is the difference between its assets and liabilities.
- Neo Performance Materials is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Neo Performance Materials's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 70.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Neo Performance Materials Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 437.18 | 3.97 | 71.02 |
| 2018-09-30 | 437.57 | 0.01 | 69.34 |
| 2018-06-30 | 438.70 | 0.01 | 74.66 |
| 2018-03-31 | 431.58 | 0.55 | 94.54 |
| 2017-12-31 | 419.25 | 0.18 | 96.81 |
| 2017-09-30 | 443.44 | 0.00 | 113.06 |
| 2017-06-30 | 430.54 | 0.00 | 77.97 |
| 2017-03-31 | 404.10 | 7.93 | 79.41 |
| 2016-12-31 | 404.10 | 7.93 | 79.41 |
- Neo Performance Materials's level of debt (0.9%) compared to net worth is satisfactory (less than 40%).
- Unable to establish if Neo Performance Materials's debt level has increased without past 5-year debt data.
- Operating cash flow is negative therefore debt is not well covered.
- Neo Performance Materials earns more interest than it pays, coverage of interest payments is not a concern.
Financial health checks
We assess Neo Performance Materials's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Neo Performance Materials has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
NEO Dividends
What is Neo Performance Materials's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
CA$2,000 of
Neo Performance Materials
shares you are expected to receive
CA$61
in your first year as a dividend.
Dividend Amount
- Neo Performance Materials's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.09%).
- Neo Performance Materials's dividend is below the markets top 25% of dividend payers in Canada (5.65%).
Upcoming dividend payment
Purchase Neo Performance Materials on or before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| North America Chemicals Industry Average Dividend Yield | Market Cap Weighted Average of 55 Stocks | 2.3% |
| Canada Market Average Dividend Yield | Market Cap Weighted Average of 331 Stocks | 3.6% |
| Canada Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| Canada Bottom 25% Dividend Yield | 25th Percentile | 2.1% |
| Canada Top 25% Dividend Yield | 75th Percentile | 5.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | ||
| 2019-12-31 | 0.28 | 1.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-11 | 0.283 | 3.252 |
| 2018-11-14 | 0.278 | 2.469 |
| 2018-08-13 | 0.287 | 2.134 |
| 2018-03-08 | 0.285 | 2.204 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- It is too early to tell whether Neo Performance Materials has stable dividend payments.
- Neo Performance Materials only just started paying a dividend, it is too early to tell if payments are increasing.
Income/ dividend checks
We assess Neo Performance Materials's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Neo Performance Materials afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Neo Performance Materials has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
NEO Management
CEO
| COMPENSATION | $1,926,371 |
| AGE | 51 |
| TENURE AS CEO | 1.5 years |
CEO Bio
Mr. Geoffrey R. Bedford, also known as Geoff, has been Chief Executive Officer and President at Neo Performance Materials Inc. since September 2017. Previously, he served as President and Chief Executive Officer of Molycorp, Inc. since December 2, 2013. Mr. Bedford served as the Chief Operating Officer and Executive Vice President of Molycorp, Inc. from March 22, 2013 to December 2, 2013. He served as the Chief Operating Officer and Executive Vice President of Neo Material Technologies Inc. from August 2011 to March 2013. He served as an Executive Vice President of Rare Earths & Magnetics at Molycorp, Inc. from June 2012 to March 22, 2013. He served as an Executive Vice President of Performance Materials Division of Neo Material Technologies Inc. since 2005 until 2011. He served as Executive Vice President of Finance and Chief Financial Officer at Neo Materials from 1999 to 2005. He served as an Executive Vice President of AMR Performance Materials Division at Neo Material Technologies Inc. since August 31, 2005. Mr. Bedford served as the Chief Financial Officer of AMR Technologies Inc. since July 1999 and also served as its Executive Vice President since December 2004, Executive Vice President of Rare Earths and Zirconium Operations since September 2005 and Vice President of Finance from July 1999 to December 14, 2004. Before joining Neo Materials, Mr. Bedford held successively senior financial positions with The Woodbridge Group and Champion Road Machinery. He began his professional career with Price Waterhouse and has a broad range of operating, management and financial experience. He has been Director at Neo Performance Materials Inc. since September 2017. He has been a Director of Molycorp, Inc since December 19, 2013. He has been a Director of Neo Material Technologies Inc. since May 2012. He is a Canadian Chartered Accountant holding a Bachelor of Science degree from the University of Western Ontario and a Masters of Business and Administration from Northwestern University and is a graduate of the Kellogg-Schulich Executive Masters of Business Administration program.
CEO Compensation
- Insufficient data for Geoff to compare compensation growth.
- Geoff's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure
Average tenure of the Neo Performance Materials management team in years:
- The tenure for the Neo Performance Materials management team is about average.
Management Team
Geoff Bedford
President
$2M
51
1.5 yrs
Kevin Morris
Executive VP & COO
$868K
49
1.5 yrs
Jeff Hogan
Executive VP of Neo Chemicals & Oxides
$757K
2.6 yrs
Ali Mahdavi
Capital Markets & IR Executive
Frank Timmerman
Senior Vice President of Neo Rare Metals
2.6 yrs
Greg Kroll
Executive Vice President of Magnquech
4.2 yrs
Alex Caldwell
Corporate Secretary
Board of Directors Tenure
Average tenure and age of the Neo Performance Materials board of directors in years:
- The average tenure for the Neo Performance Materials board of directors is less than 3 years, this suggests a new board.
Board of Directors
Constantine Karayannopoulos
Chairman
$163K
57
1.4 yrs
Geoff Bedford
President
$2M
51
1.5 yrs
Eric Noyrez
Lead Independent Director
$77K
56
1.4 yrs
Claire M. Kennedy
Independent Director
$13K
51
1.4 yrs
Rahim Suleman
Executive VP & CFO
$2M
1.5 yrs
Nicholas Basso
Director
1.4 yrs
Brook Hinchman
35
1.4 yrs
Aman Kumar
Director
1.4 yrs
Edgar Lee
Director
42
1.4 yrs
Emily Stephens
Director
42
1.4 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (CA$) | Value (CA$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 25. Jun 18 | Buy | Geoffrey Bedford | Individual | 22. Jun 18 | 22. Jun 18 | 6,000 | CA$16.40 | CA$98,400 | ||
Management checks
We assess Neo Performance Materials's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Neo Performance Materials has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
NEO News
Simply Wall St News
Have Insiders Been Buying Neo Performance Materials Inc (TSE:NEO) Shares?
So before you buy or sell Neo Performance Materials Inc (TSE:NEO), you may well want to know whether insiders have been buying or selling. … The Last 12 Months Of Insider Transactions At Neo Performance Materials. … In total, Neo Performance Materials insiders bought more than they sold over the last year
Simply Wall St - – Full articleIs Neo Performance Materials Inc (TSE:NEO) A Great Dividend Stock?
Neo Performance Materials Inc (TSE:NEO) has begun paying dividends recently. … Let's take a look at Neo Performance Materials in more detail. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:
Simply Wall St - – Full articleNeo Performance Materials Inc (TSE:NEO) Is Trading At A 21.99% Discount
In this article I am going to calculate the intrinsic value of Neo Performance Materials Inc (TSE:NEO). … by estimating the company's future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model
Simply Wall St - – Full articleDoes Neo Performance Materials Inc's (TSE:NEO) PE Ratio Warrant A Buy?
I am writing today to help inform people who are new to the stock market. … and want to learn about the link between company’s fundamentals and stock market performance. … View our latest analysis for Neo Performance Materials
Simply Wall St - – Full articleHow Did Neo Performance Materials Inc's (TSE:NEO) 6.03% ROE Fare Against The Industry?
and want to learn about Return on Equity using a real-life example. … With an ROE of 6.03%, Neo Performance Materials Inc (TSE:NEO) returned in-line to its own industry which delivered 8.83% over the past year. … Check out our latest analysis for Neo Performance Materials
Simply Wall St - – Full articleIs It Too Late To Buy Neo Performance Materials Inc (TSE:NEO) At Its July Price?
Growth expectations for Neo Performance Materials Inc (TSE:NEO) are high, but many investors are starting to ask whether its last close at CA$17.01 can still be rationalized by the future potential. … View our latest analysis for Neo Performance Materials? … Neo Performance Materials is poised for extremely high earnings growth in the near future
Simply Wall St - – Full articleWhat To Know Before Buying Neo Performance Materials Inc (TSE:NEO) For Its Dividend
Recently, Neo Performance Materials Inc (TSE:NEO) has returned an average of 2.00% per year to shareholders in terms of dividend yield. … Does Neo Performance Materials tick all the boxes of a great dividend stock? … See our latest analysis for Neo Performance Materials
Simply Wall St - – Full articleRead This Before Buying Neo Performance Materials Inc (TSE:NEO) For Its Upcoming CA$00.095 Dividend
On the 29 June 2018, Neo Performance Materials Inc (TSE:NEO) will be paying shareholders an upcoming dividend amount of $0.095 per share. … Is this future income stream a compelling catalyst for dividend investors to think about the stock as an investment today? … Let's take a look at Neo Performance Materials's most recent financial data to examine its dividend characteristics in more detail.
Simply Wall St - – Full articleDoes Neo Performance Materials Inc's (TSE:NEO) PE Ratio Signal A Selling Opportunity?
By comparing a stock’s price per share to its earnings per share, we are able to see how much investors are paying for each dollar of the company’s earnings. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for NEO Price per share = $13.54 Earnings per share = $0.619 ∴ Price-Earnings Ratio = $13.54 ÷ $0.619 = 21.9x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … NEO’s P/E of 21.9x is higher than its industry peers (17.9x), which implies that each dollar of NEO’s earnings is being overvalued by investors.
Simply Wall St - – Full articleAnalysts Bullish On Neo Performance Materials Inc (TSE:NEO)
NEO has high near term liquidity, with short term assets (cash and other liquid assets) amply covering upcoming one-year liabilities, as well as long-term commitments. … NEO has managed its cash well at a current level of US$96.81M. … However, comparing NEO's current share price to its peers based on its industry and earnings level, it's trading at a fair value, with a PE ratio of 22.77x vs.
Simply Wall St - – Full articleNEO Company Info
Description
Neo Performance Materials Inc., through its subsidiaries, manufactures rare earth- and rare metal-based functional materials in Canada and internationally. It operates through three segments: Magnequench, Chemicals & Oxides (C&O), and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets. Its powders are used in the production of bonded permanent magnets that are components in automotive, micro, and traction motors, as well as sensors and other applications. The C&O segment manufactures and distributes a range of light and heavy rare earth functional materials for use in auto catalyst, consumer electronic, petroleum refining, hybrid and electric vehicle, and wastewater treatment applications. The Rare Metals segment sources, produces, reclaims, refines, and markets high value metals and their compounds. Its products comprise high temperature metals consisting of tantalum, niobium, hafnium, and rhenium; and electronic metals, such as gallium and indium. This segment’s products are used in superalloys for jet engines, medical imaging, wireless technologies, and LED lighting, as well as flat panel display, solar, steel additive, battery, and electronics applications. The company was founded in 1994 and is headquartered in Toronto, Canada.
Details
| Name: | Neo Performance Materials Inc. |
| NEO | |
| Exchange: | TSX |
| Founded: | 1994 |
| CA$494,836,243 | |
| 39,650,340 | |
| Website: | http://www.neomaterials.com |
| Address: |
Neo Performance Materials Inc. 121 King Street West, Suite 1740, Toronto, Ontario, M5H 3T9, Canada |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| TSX | NEO | Common Shares | The Toronto Stock Exchange | CA | CAD | 08. Dec 2017 | |
| OTCPK | NOPM.F | Common Shares | Pink Sheets LLC | US | USD | 08. Dec 2017 | |
| DB | N14 | Common Shares | Deutsche Boerse AG | DE | EUR | 08. Dec 2017 |
Number of employees
Current staff
Industry
| Specialty Chemicals | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/18 00:50 |
| End of day share price update: | 2019/03/15 00:00 |
| Last estimates confirmation: | 2019/03/12 |
| Last earnings filing: | 2019/03/11 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
