Announcement • Apr 27
Neo Performance Materials Inc., Annual General Meeting, Jun 17, 2026 Neo Performance Materials Inc., Annual General Meeting, Jun 17, 2026. Location: ontario, toronto Canada Announcement • Apr 22
Neo Performance Materials Inc. to Report Q1, 2026 Results on May 12, 2026 Neo Performance Materials Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 12, 2026 Announcement • Apr 12
Neo Performance Materials Inc. Successfully Commissions Heavy Rare Earth Separation Small-Scale Production Line in Europe Neo Performance Materials Inc. announced the successful commissioning of its heavy rare earth element solvent extraction small-scale production line at its Silmet facility in Estonia. The solvent extraction line is operating at nameplate capacity, with efforts now focused on delivering stable product purity prior to transitioning to routine production capacity. The operation has produced its first separated terbium and dysprosium process solutions, pre-cursor products for metal making, from mixed rare earth carbonate feedstock, with all processing completed entirely in Europe. This achievement validates the technical robustness and operational reliability of the Silmet HREE solvent extraction line under continuous operating conditions and marks a significant milestone in establishing advanced heavy rare earth separation capability in Europe. Dysprosium and terbium are essential inputs for high-performance sintered rare-earth permanent magnets used in robotics, electric-vehicle traction motors, wind turbines, and industrial automation applications. By developing this separation capability at Silmet, Neo is advancing a secure, Europe-based supply of these critical materials to support its growing magnet manufacturing operations and to serve the broader strategic objectives of supply chain diversification. Neo's heavy rare earth separation initiative complements its European Permanent Magnet facility in Estonia, which is advancing through customer qualification milestones, with commercial production expected to ramp later in 2026. Recent Insider Transactions • Mar 25
CEO, President & Director recently bought CA$100k worth of stock On the 23rd of March, Rahim Suleman bought around 5k shares on-market at roughly CA$20.55 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Rahim has been a buyer over the last 12 months, purchasing a net total of CA$400k worth in shares. Reported Earnings • Mar 19
Full year 2025 earnings released: US$0.24 loss per share (vs US$0.31 loss in FY 2024) Full year 2025 results: US$0.24 loss per share (improved from US$0.31 loss in FY 2024). Revenue: US$478.8m (flat on FY 2024). Net loss: US$9.98m (loss narrowed 23% from FY 2024). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Breakeven Date Change • Mar 19
Forecast breakeven date pushed back to 2026 The 4 analysts covering Neo Performance Materials previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$15.0m in 2026. Earnings growth of 72% is required to achieve expected profit on schedule. Announcement • Mar 19
Neo Performance Materials Inc. announces Quarterly dividend, payable on March 26, 2026 Neo Performance Materials Inc. announced Quarterly dividend of CAD 0.1000 per share payable on March 26, 2026, ex-date on March 19, 2026 and record date on March 19, 2026. Announcement • Mar 05
Neo Performance Materials Inc. to Report Q4, 2025 Results on Mar 19, 2026 Neo Performance Materials Inc. announced that they will report Q4, 2025 results Pre-Market on Mar 19, 2026 Recent Insider Transactions • Dec 17
CEO, President & Director recently bought CA$199k worth of stock On the 16th of December, Rahim Suleman bought around 12k shares on-market at roughly CA$16.05 per share. This transaction amounted to 4.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Rahim has been a buyer over the last 12 months, purchasing a net total of CA$300k worth in shares. Upcoming Dividend • Dec 12
Upcoming dividend of CA$0.10 per share Eligible shareholders must have bought the stock before 19 December 2025. Payment date: 29 December 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Canadian dividend payers (5.9%). Lower than average of industry peers (3.6%). Declared Dividend • Nov 17
Third quarter dividend of CA$0.10 announced Shareholders will receive a dividend of CA$0.10. Ex-date: 19th December 2025 Payment date: 29th December 2025 Dividend yield will be 2.4%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: US$0.03 (vs US$0.063 loss in 3Q 2024) Third quarter 2025 results: EPS: US$0.03 (up from US$0.063 loss in 3Q 2024). Revenue: US$122.2m (up 9.8% from 3Q 2024). Net income: US$1.36m (up US$3.99m from 3Q 2024). Profit margin: 1.1% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Announcement • Nov 16
Neo Performance Materials Inc. Declares Quarterly Dividend, Payable on December 29, 2025 Neo Performance Materials Inc. declared quarterly dividend of CAD 0.10 per common share was declared on November 11, 2025, for shareholders of record on December 19, 2025, with a payment date of December 29, 2025. Announcement • Oct 10
Neo Performance Materials Inc. to Report Q3, 2025 Results on Nov 14, 2025 Neo Performance Materials Inc. announced that they will report Q3, 2025 results at 9:30 AM, US Eastern Standard Time on Nov 14, 2025 Upcoming Dividend • Sep 10
Upcoming dividend of CA$0.10 per share Eligible shareholders must have bought the stock before 16 September 2025. Payment date: 26 September 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Canadian dividend payers (5.9%). Lower than average of industry peers (3.6%). Recent Insider Transactions • Aug 17
Independent Director recently bought CA$185k worth of stock On the 15th of August, Paul Mascarenas bought around 15k shares on-market at roughly CA$12.34 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$286k more in shares than they have sold in the last 12 months. Declared Dividend • Aug 14
Second quarter dividend of CA$0.10 announced Shareholders will receive a dividend of CA$0.10. Ex-date: 16th September 2025 Payment date: 26th September 2025 Dividend yield will be 2.4%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 7 years. However, payments have been volatile during that time. Reported Earnings • Aug 13
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$0.14 (up from US$0.021 in 2Q 2024). Revenue: US$114.7m (up 6.6% from 2Q 2024). Net income: US$5.77m (up US$4.91m from 2Q 2024). Profit margin: 5.0% (up from 0.8% in 2Q 2024). Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 7.7%. Revenue is forecast to stay flat during the next 3 years compared to a 3.2% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Announcement • Aug 13
Neo Performance Materials Inc. announces Quarterly dividend, payable on September 26, 2025 Neo Performance Materials Inc. announced Quarterly dividend of CAD 0.1000 per share payable on September 26, 2025, ex-date on September 16, 2025 and record date on September 16, 2025. Announcement • Jul 22
Neo Performance Materials Inc. to Report Q2, 2025 Results on Aug 12, 2025 Neo Performance Materials Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 12, 2025 Board Change • Jul 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Paul Mascarenas was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 27
Neo Performance Materials Inc. Approves Board Elections Neo Performance Materials Inc. announced that the shareholders approved election of Jonathan Evans and Paul Mascarena as directors of the company. Upcoming Dividend • Jun 10
Upcoming dividend of CA$0.10 per share Eligible shareholders must have bought the stock before 17 June 2025. Payment date: 27 June 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Canadian dividend payers (6.2%). In line with average of industry peers (3.6%). Recent Insider Transactions • Jun 08
CEO, President & Director recently bought CA$101k worth of stock On the 4th of June, Rahim Suleman bought around 10k shares on-market at roughly CA$9.67 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Rahim's only on-market trade for the last 12 months. Declared Dividend • May 14
First quarter dividend of CA$0.10 announced Shareholders will receive a dividend of CA$0.10. Ex-date: 17th June 2025 Payment date: 27th June 2025 Dividend yield will be 3.8%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. Announcement • May 12
Neo Performance Materials Inc., Annual General Meeting, Jun 26, 2025 Neo Performance Materials Inc., Annual General Meeting, Jun 26, 2025. Location: ontario, toronto Canada Reported Earnings • May 09
First quarter 2025 earnings released: US$0.04 loss per share (vs US$0.021 profit in 1Q 2024) First quarter 2025 results: US$0.04 loss per share (down from US$0.021 profit in 1Q 2024). Revenue: US$121.6m (flat on 1Q 2024). Net loss: US$1.48m (down 270% from profit in 1Q 2024). Revenue is forecast to stay flat during the next 2 years compared to a 3.9% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Announcement • Apr 28
Neo Performance Materials Ships First Magnet Samples Produced At New European Facility to Its Tier 1 Traction Motor Customer Neo Performance Materials Inc. announced that its new permanent magnet facility in Estonia has shipped sintered magnet samples for a Tier 1 traction motor customer meeting specific magnetic properties. This milestone marks a significant step forward in Neo's commitment to providing high-performance materials for the electric vehicle market. Key Highlights: Neo has produced 18,000 assembled magnet pieces as part of the initial production samples. The magnets are EV traction motor grade and represent an important technical milestone. The magnet samples will be assembled into traction motors for performance testing by the Tier 1 customer and OEM. Production part approval process products are scheduled for the first half of 2026, with mass production to start later in that year. With over 30 years of experience in rare earth magnetics, Neo has built a reliable global supply chain that enhances its ability to serve the automotive sector. This deep industry expertise is expected to position Neo to successfully scale its new sintered magnet facility in Narva, Estonia, and support growing demand. The facility is strategically located near Neo's rare earth separation facility in Sillamae, Estonia, which is expected to allow for vertical integration of operations and efficient production processes in the future. The facility is projected to have an initial production capacity of 2,000 metric tonnes annually, with plans to scale to 5,000 metric tonnes annually. This USD 75 million facility was supported by an up to EUR18.7 million grant from the EU's Just Transition Fund and a USD 50 million credit facility from Export Development Canada, with construction to be completed in 2025. European Commission President Ursula von der Leyen recognized the facility as a significant advancement for Estonia and Europe at the groundbreaking in June 2023. The facility represents one of Europe and the world's most strategic critical materials projects in rare earth magnetics outside of Asia. The expansion will help Neo meet strong demand for high-performance magnets in EVs and other applications. Announcement • Apr 17
Neo Performance Materials Inc. to Report Q1, 2025 Results on May 09, 2025 Neo Performance Materials Inc. announced that they will report Q1, 2025 results Pre-Market on May 09, 2025 Announcement • Apr 02
Shenghe Resources Holding Co., Ltd (SHSE:600392) completed the acquisition of 86% stake in Jiangyin Jiahua Advanced Material Resouces Co. Ltd from Neo Performance Materials Inc. (TSX:NEO) for $24.6 million. Shenghe Resources Holding Co., Ltd (SHSE:600392) agreed to acquire 86% stake in Jiangyin Jiahua Advanced Material Resouces Co. Ltd from Neo Performance Materials Inc. (TSX:NEO) for $25.6 million on August 20, 2024. A cash consideration of $25.6 million will be paid by Shenghe Resources Holding Co., Ltd. The Transaction is subject to approval by regulatory authorities in China and transaction is expected to close in Q4 2024. The transaction is now expected to close in Q1 2025.
Shenghe Resources Holding Co., Ltd (SHSE:600392) completed the acquisition of 86% stake in Jiangyin Jiahua Advanced Material Resouces Co. Ltd from Neo Performance Materials Inc. (TSX:NEO) for $24.6 million on April 1, 2025. Announcement • Mar 19
Neo Performance Materials Inc. announces Quarterly dividend, payable on March 27, 2025 Neo Performance Materials Inc. announced Quarterly dividend of CAD 0.1000 per share payable on March 27, 2025, ex-date on March 18, 2025 and record date on March 18, 2025. Reported Earnings • Mar 18
Full year 2024 earnings released: US$0.31 loss per share (vs US$0.19 loss in FY 2023) Full year 2024 results: US$0.31 loss per share (further deteriorated from US$0.19 loss in FY 2023). Revenue: US$475.8m (down 17% from FY 2023). Net loss: US$12.9m (loss widened 53% from FY 2023). Revenue is forecast to stay flat during the next 2 years compared to a 3.9% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Announcement • Feb 21
Neo Performance Materials Inc. to Report Q4, 2024 Results on Mar 18, 2025 Neo Performance Materials Inc. announced that they will report Q4, 2024 results Pre-Market on Mar 18, 2025 Announcement • Jan 01
Kevin Reading completed the acquisition of 80% stake in Neo Rare Metals (Oklahoma), LLC from Neo Performance Materials Inc. (TSX:NEO) for $1.5 million. Kevin Reading has entered into an agreement to acquire 80% stake in Neo Rare Metals (Oklahoma), LLC from Neo Performance Materials Inc. (TSX:NEO) on August 6, 2024. Under the terms of agreement, Kevin Reading paid $1.4 million plus cash on closing, subject to normal closing adjustments which is at a valuation of 9x EBITDA on a trailing twelve-month basis. The Transaction is subject to customary conditions to closing and is expected to close in the third quarter of 2024. The transaction is expected to close during the second half of 2024.
Kevin Reading completed the acquisition of 80% stake in Neo Rare Metals (Oklahoma), LLC from Neo Performance Materials Inc. (TSX:NEO) for $1.5 million on December 31, 2024. Upcoming Dividend • Dec 10
Upcoming dividend of CA$0.10 per share Eligible shareholders must have bought the stock before 17 December 2024. Payment date: 27 December 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.7%. Lower than top quartile of Canadian dividend payers (6.3%). Higher than average of industry peers (4.1%). Declared Dividend • Nov 17
Third quarter dividend of CA$0.10 announced Shareholders will receive a dividend of CA$0.10. Ex-date: 17th December 2024 Payment date: 27th December 2024 Dividend yield will be 5.0%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. Reported Earnings • Nov 15
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: US$0.06 loss per share (down from US$0.069 profit in 3Q 2023). Revenue: US$111.3m (down 19% from 3Q 2023). Net loss: US$2.63m (down 186% from profit in 3Q 2023). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Announcement • Nov 15
Neo Performance Materials Inc. Declares Quarterly Dividend, Payable on December 27, 2024 Neo Performance Materials Inc. announced that A quarterly dividend of CAD 0.10 per common share was declared on November 13, 2024, for shareholders of record on December 17, 2024, with a payment date of December 27, 2024. Announcement • Oct 29
Neo Performance Materials Inc. to Report Q3, 2024 Results on Nov 14, 2024 Neo Performance Materials Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 14, 2024 Upcoming Dividend • Sep 10
Upcoming dividend of CA$0.10 per share Eligible shareholders must have bought the stock before 17 September 2024. Payment date: 27 September 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.9%. Lower than top quartile of Canadian dividend payers (6.0%). In line with average of industry peers (4.5%). Major Estimate Revision • Aug 16
Consensus revenue estimates fall by 12% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$514.0m to US$452.0m. EPS estimate fell from US$0.325 to US$0.315 per share. Net income forecast to grow 360% next year vs 48% growth forecast for Chemicals industry in Canada. Consensus price target up from CA$11.40 to CA$12.27. Share price rose 5.6% to CA$7.52 over the past week. Declared Dividend • Aug 14
Second quarter dividend of CA$0.10 announced Shareholders will receive a dividend of CA$0.10. Ex-date: 17th September 2024 Payment date: 27th September 2024 Dividend yield will be 5.4%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (379% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 321% to bring the payout ratio under control. EPS is expected to grow by 339% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Aug 11
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: US$0.02 (up from US$0.007 in 2Q 2023). Revenue: US$107.5m (down 37% from 2Q 2023). Net income: US$859.0k (up 177% from 2Q 2023). Profit margin: 0.8% (up from 0.2% in 2Q 2023). Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 76%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Announcement • Aug 09
Neo Performance Materials Inc. Quarterly Dividend, Payable September 27, 2024 Neo Performance Materials Inc. quarterly dividend of CAD 0.10 per common share was declared on August 8, 2024, for shareholders of record on September 17, 2024, with a payment date of September 27, 2024. Buy Or Sell Opportunity • Aug 07
Now 21% undervalued Over the last 90 days, the stock has risen 22% to CA$7.10. The fair value is estimated to be CA$8.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 3.3% in 2 years. Earnings are forecast to grow by 626% in the next 2 years. Announcement • Aug 07
Kevin Reading agreed to acquire 80% stake in Neo Rare Metals (Oklahoma), LLC from Neo Performance Materials Inc. (TSX:NEO) for $1.4 million. Kevin Reading agreed to acquire 80% stake in Neo Rare Metals (Oklahoma), LLC from Neo Performance Materials Inc. (TSX:NEO) for $1.4 million on August 6, 2024. The Transaction is subject to customary conditions to closing and is expected to close in the third quarter of 2024. Announcement • Jul 24
Neo Performance Materials Inc. to Report Q2, 2024 Results on Aug 09, 2024 Neo Performance Materials Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 09, 2024 Announcement • Jul 22
Neo Performance Materials Inc. Announces Board and Committee Changes Neo Performance Materials Inc. announced that it has appointed Dr. John McGarva to its Board of Directors (the "Board") as an independent director, and to the Audit Committee of the Board, effective immediately. The Company also announced that Yadin Rozov has determined to step down from the Board and the Audit and Corporate Governance & Nominating Committees as of July 22, 2024. Dr. McGarva is a seasoned leader in product development and manufacturing, with experience spanning healthcare, industrial, and consumer electronics industries. His extensive international experience includes leadership roles across Europe, Southeast Asia, and China. Dr. McGarva recently retired as Head of Engineering at Dyson, where he led the design engineering of the company's entire haircare product line, guiding teams in Singapore, the Philippines, and the UK. Under his leadership, Dyson's haircare business evolved from a single product to a significant business unit. A key element of Dyson haircare products is the integration of permanent magnets and this expertise positions Dr. McGarva to offer customer insights and strategic direction to Neo. Prior to his tenure at Dyson, he held several high-profile leadership roles in technology and innovation companies, specializing in design, engineering, and manufacturing. Dr. McGarva's knowledge and practical experience of product development and manufacturing will be an exceptional asset to the Board. Announcement • Jun 15
Neo Performance Materials Inc. Forms Special Committee of Independent Directors to Lead A Comprehensive Strategic Review Process to Consider Opportunities to Maximize Shareholder Value and Appoints John McGarva to the Board Neo Performance Materials Inc. announced that the board of directors of Neo (the "Board") has formed a Special Committee of independent directors to lead a comprehensive strategic review process to consider opportunities to maximize shareholder value. The Special Committee intends to retain an independent financial advisor, in addition to other advisors it may retain, to support the strategic review process. The Special Committee, aided by its advisors and the Company's management team, will oversee the evaluation of Neo's current strategy, assets, operations, and capital structure. The strategic review will consider various strategic alternatives for Neo. These could include, among other things, the sale, divestiture, merger or other business combination of a portion of Neo's business-unit assets, strategic investments, partnerships or joint ventures, changes in Neo's capital structure, capital allocation, or other transactions. The review will also encompass the Company's compensation plans and practices, to ensure that they appropriately align management incentives with the interests of shareholders. Neo also announced, that following constructive engagement and lengthy consultation with Hastings Technology Metals Ltd. ("Hastings"), a significant shareholder of the Company, the Board has determined to appoint Dr. John McGarva to the Board before the Company releases its second quarter 2024 results. Hastings and Dr. McGarva have confirmed that he is independent of Hastings. The strategic review process is not being undertaken at the request of Hastings. Dr. McGarva is a seasoned leader in product development and manufacturing, with experience spanning healthcare, industrial, and consumer electronics industries. His extensive international experience includes leadership roles across Europe, Southeast Asia, and China. Dr. McGarva recently retired as Head of Engineering at Dyson, where he led the design engineering of the company's entire haircare product line, guiding teams in Singapore, the Philippines, and the UK. Under his leadership, Dyson's Haircare business evolved from a single product to a significant business unit. A key element of Dyson haircare products is the integration of permanent magnets and this expertise positions Dr. McGarva to offer customer insights and strategic direction to Neo. Prior to his tenure at Dyson, he held several high-profile leadership roles in technology and innovation companies, specialising in design, engineering, and manufacturing. Dr. McGarva's knowledge and practical experience of product development and manufacturing will be an exceptional asset to Neo's board. Upcoming Dividend • Jun 11
Upcoming dividend of CA$0.10 per share Eligible shareholders must have bought the stock before 18 June 2024. Payment date: 27 June 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.6%. Lower than top quartile of Canadian dividend payers (6.4%). Higher than average of industry peers (3.7%). Recent Insider Transactions • May 31
Independent Director recently bought CA$60k worth of stock On the 28th of May, Yadin Rozov bought around 9k shares on-market at roughly CA$6.70 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth CA$363k. Insiders have collectively bought CA$1.5m more in shares than they have sold in the last 12 months. New Risk • May 21
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 457% The company is paying a dividend despite having no free cash flows. Dividend yield: 5.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 457% Paying a dividend despite having no free cash flows. Minor Risk Large one-off items impacting financial results. Declared Dividend • May 15
First quarter dividend of CA$0.10 announced Shareholders will receive a dividend of CA$0.10. Ex-date: 18th June 2024 Payment date: 27th June 2024 Dividend yield will be 6.0%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (348% earnings payout ratio). However, it is covered by cash flows (61% cash payout ratio). The dividend has increased over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 287% to bring the payout ratio under control. EPS is expected to grow by 290% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Buy Or Sell Opportunity • May 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to CA$6.10. The fair value is estimated to be CA$7.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 764% in the next 2 years. Reported Earnings • May 11
First quarter 2024 earnings released: EPS: US$0.02 (vs US$0.23 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.02 (up from US$0.23 loss in 1Q 2023). Revenue: US$122.1m (down 9.9% from 1Q 2023). Net income: US$873.0k (up US$11.3m from 1Q 2023). Profit margin: 0.7% (up from net loss in 1Q 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Chemicals industry in Canada. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Announcement • May 01
Neo Performance Materials Inc. Announces Executive Changes Neo Performance Materials Inc. announced that Jeff Hogan, Executive Vice President, Chemicals & Oxides, will retire from the Company on September 30, 2024, after leading the Chemicals & Oxides business unit for the last twelve years. Mohamad El-Mahmoud, currently the Executive Vice President, Rare Metals at Neo will take additional responsibilities as Executive Vice President, Chemicals & Oxides and Rare Metals, upon Mr. Hogan's retirement. Since joining Neo in November 2023, as Executive Vice President, Rare Metals, Mr. El-Mahmoud has successfully completed the operational transformation of Neo's Silmet facility in Estonia to improve business performance of its high-purity rare metals production. Prior to joining Neo, Mr. El-Mahmoud held successively senior positions with a leading global fluid solutions provider which included: (i) establishing production facilities; (ii) driving the transformation of a product offering from pure internal combustion engine (ICE) to hybrid and battery electric vehicle (BEV) technology; and (iii) overseeing 75 engineers as General Manager of the European Technical Center in Germany. Mr. El-Mahmoud has held senior leadership positions in Business Development, Engineering and Operations in various regions including North America, Europe and China. He holds a Bachelor of Science degree in Aeronautics and Space Engineering from the Aachen University of Applied Science. Announcement • Apr 28
Neo Performance Materials Inc. to Report Q1, 2024 Results on May 10, 2024 Neo Performance Materials Inc. announced that they will report Q1, 2024 results Pre-Market on May 10, 2024 Announcement • Apr 05
Neo Performance Materials Inc., Annual General Meeting, Jun 19, 2024 Neo Performance Materials Inc., Annual General Meeting, Jun 19, 2024. Recent Insider Transactions • Apr 01
Independent Director recently bought CA$67k worth of stock On the 28th of March, Yadin Rozov bought around 11k shares on-market at roughly CA$6.34 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth CA$363k. Insiders have collectively bought CA$1.4m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 21
Executive VP & CFO recently bought CA$123k worth of stock On the 19th of March, Jonathan Baksh bought around 20k shares on-market at roughly CA$6.14 per share. This transaction increased Jonathan's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Jonathan has been a buyer over the last 12 months, purchasing a net total of CA$198k worth in shares. Reported Earnings • Mar 15
Full year 2023 earnings released Full year 2023 results: Net income: (down US$25.9m from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. New Risk • Mar 15
New major risk - Revenue and earnings growth Earnings have declined by 5.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.0% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making. Buy Or Sell Opportunity • Mar 15
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to CA$6.12. The fair value is estimated to be CA$8.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company became loss making. Announcement • Feb 28
Neo Performance Materials Inc. to Report Q4, 2023 Results on Mar 15, 2024 Neo Performance Materials Inc. announced that they will report Q4, 2023 results Pre-Market on Mar 15, 2024 Recent Insider Transactions • Jan 02
Independent Director recently bought CA$96k worth of stock On the 29th of December, Yadin Rozov bought around 13k shares on-market at roughly CA$7.67 per share. This transaction amounted to 41% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth CA$103k. Insiders have collectively bought CA$835k more in shares than they have sold in the last 12 months. Upcoming Dividend • Dec 08
Upcoming dividend of CA$0.10 per share at 5.5% yield Eligible shareholders must have bought the stock before 15 December 2023. Payment date: 28 December 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 5.5%. Lower than top quartile of Canadian dividend payers (6.6%). Higher than average of industry peers (3.9%). Recent Insider Transactions • Nov 17
CEO, President & Director recently bought CA$103k worth of stock On the 14th of November, Rahim Suleman bought around 15k shares on-market at roughly CA$6.89 per share. This transaction amounted to 9.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Rahim has been a buyer over the last 12 months, purchasing a net total of CA$358k worth in shares. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: US$0.07 (vs US$0.09 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.07 (up from US$0.09 loss in 3Q 2022). Revenue: US$136.9m (down 6.6% from 3Q 2022). Net income: US$3.07m (up US$6.79m from 3Q 2022). Profit margin: 2.2% (up from net loss in 3Q 2022). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Canada are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Nov 12
Neo Performance Materials Inc. Announces Quarterly Dividend, Payable on December 28, 2023 Neo Performance Materials Inc. announced a quarterly dividend of CAD 0.10 per common share was declared on November 9, 2023 for shareholders of record at December 18, 2023, with a payment date of December 28, 2023. Announcement • Nov 02
Neo Performance Materials Appoints Mohamad El-Mahmoud as Executive Vice President, Rare Metals Neo Performance Materials Inc. announced the appointment of Mohamad El- Mahmoud as Executive Vice President, Rare Metals, of the Company. Mr. El-Mahmoud will replace Frank Timmerman, who has left the Company to pursue other opportunities.Mr. El-Mahmoud is a German national who left his role as business unit leader for a leading global fluid power solutions provider to lead the Rare Metals business unit of Neo. He held successively senior positions with that provider which included: (i) establishing production facilities; (ii) driving the transformation of a product offering from pure internal combustion engine (ICE) to hybrid and battery electric vehicle (BEV) technology; and (iii) overseeing 75 engineers as General Manager of the European Technical Center in Germany. Mr. El-Mahmoud has held senior leadership positions in Business Development, Engineering and Operations in various regions including North America, Europe and China. He began his career as an automotive powertrain systems designer with a power transmission belts and fluid power products provider and over the course of seven years, he played a pivotal role in expanding the company's operations in Asia by establishing multiple plants and engineering centers in Shanghai, Seoul, and Chennai. He holds a Bachelor of Science degree in Aeronautics and Space Engineering from the Aachen University of Applied Science. Announcement • Oct 26
Neo Performance Materials Inc. Appoints Hua Du to Its Board of Directors as an Independent Director Neo Performance Materials Inc. announced that it has appointed Mr. Hua Du to its Board of Directors (the "Board") as an independent director, effective immediately. Mr. Du has over 25 years of executive experience in a number of industries operating in Asian and global markets leading change in business models, overseeing plant construction, defining strategic plans and developing leadership teams. Mr. Du is currently serving as the Chief Executive Officer of a biotech-based animal nutrition business, with offices and operations across eight Asian countries. Previously, Mr. Du served for 11 years as President of Global Business Units and Executive Committee member at a leading global chemicals and materials company, including manufacturing and distribution of value added rare earth products. There, he led several global business units with revenues of EUR 5 billion, more than 10,000 employees, and technologies covering a wide range of end markets. Before that, he worked at a specialty chemicals manufacturer for 13 years, driving growth in Asia for its Electronic Materials Group. Mr. Du graduated from Peking University in China and holds a Doctor of Philosophy (Ph.D.) in organic chemistry from the University of Illinois Urbana-Champaign. The appointment of Hua Du increases the number of directors of Neo to seven, six of whom are independent. Announcement • Oct 25
Neo Performance Materials Inc. to Report Q3, 2023 Results on Nov 10, 2023 Neo Performance Materials Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 10, 2023