Neo Performance Materials Inc.

TSX:NEO Stock Report

Market Cap: CA$1.2b

Neo Performance Materials Management

Management criteria checks 2/4

Neo Performance Materials' CEO is Rahim Suleman, appointed in Jan 2023, has a tenure of 3.33 years. total yearly compensation is $2.77M, comprised of 23.7% salary and 76.3% bonuses, including company stock and options. directly owns 1.08% of the company’s shares, worth CA$13.27M. The average tenure of the management team and the board of directors is 3.3 years and 6.9 years respectively.

Key information

Rahim Suleman

Chief executive officer

US$2.8m

Total compensation

CEO salary percentage23.71%
CEO tenure3.3yrs
CEO ownership1.1%
Management average tenure3.3yrs
Board average tenure6.9yrs

Recent management updates

Recent updates

Narrative Update • Apr 24

NEO: Rare Earth Magnet Bottleneck Position Will Support Future Upside

Narrative Update on Neo Performance Materials Analysts have refined their fair value estimate for Neo Performance Materials to approximately CA$28.10 per share, supported by views that the company is well positioned in rare earth magnets, which are seen as a key bottleneck in the supply chain and aligned with a new CA$30 price target from recent Street research. Analyst Commentary Recent Street research has focused on Neo Performance Materials as a specialist in rare earth magnets, with a price target of C$30 per share reflecting a view that this niche could be an important profit pool within the broader rare earth supply chain.
Narrative Update • Apr 10

NEO: Rare Earth Magnet Bottleneck And Recycling Loop Will Support Future Upside

Analysts have updated their view on Neo Performance Materials with a new CA$30 price target, citing the company's role in rare earth magnets as a key bottleneck in the supply chain and its position as a leader in this space. Analyst Commentary Recent research coverage frames Neo Performance Materials as a key player in the rare earth magnet supply chain, with the new CA$30 price target reflecting that view.
Narrative Update • Mar 27

NEO: Rare Earth Magnet Bottleneck And Recycling Loop Will Drive Future Upside

Analysts have raised their price target on Neo Performance Materials to CA$30. This aligns with updated fair value estimates and reflects the view that Neo is well positioned as a key player in rare earth magnets, which are considered a critical bottleneck in the rare earth supply chain.
Narrative Update • Mar 12

NEO: Rare Earth Magnet Bottleneck And Recycling Loop Will Shape Future Balance

Narrative Update Analysts have nudged their price target on Neo Performance Materials slightly lower to around CA$25.83, supported by recent Street research that highlights the company’s role in rare earth magnets and references a CA$30 target from a new coverage initiation. Analyst Commentary Recent research coverage has focused on Neo Performance Materials' role in the rare earth supply chain and how that ties into the current valuation framework around the stock.
Narrative Update • Feb 26

NEO: Rare Earth Bottleneck Role Will Shape Balanced Future Risk Reward Profile

Narrative Update Analysts have nudged their implied fair value for Neo Performance Materials to about CA$25.90 per share from roughly CA$25.67, supported by fresh coverage that sets a CA$30 price target and highlights Neo's role in rare earth magnets as a key bottleneck in the supply chain. Analyst Commentary Recent research coverage frames Neo as an important player in rare earth magnets, with the current implied fair value of about CA$25.90 per share sitting below a cited CA$30 price target.
Narrative Update • Feb 12

NEO: Buy Rating And Share Repurchases Will Support Future Upside Potential

Analysts have trimmed their price target on Neo Performance Materials to CA$22.50 from CA$25.00. This reflects updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E.
Analysis Article • Jan 28

Improved Revenues Required Before Neo Performance Materials Inc. (TSE:NEO) Stock's 25% Jump Looks Justified

Neo Performance Materials Inc. ( TSE:NEO ) shares have had a really impressive month, gaining 25% after a shaky period...
Analysis Article • Nov 18

Neo Performance Materials (TSE:NEO) Has Affirmed Its Dividend Of $0.10

Neo Performance Materials Inc. ( TSE:NEO ) will pay a dividend of $0.10 on the 29th of December. Including this...
Narrative Update • Oct 18

European Magnet Facility Expansion Will Support Clean Energy Demand

The analyst price target for Neo Performance Materials has been raised from C$25.54 to C$26.46. Analysts cite a combination of improved market outlook and supportive recent research coverage in their updated valuation.
Narrative Update • Oct 04

European Magnet Facility Expansion Will Support Clean Energy Demand

Analysts have increased their price target for Neo Performance Materials from C$24.29 to C$25.54. They cite new Buy ratings and recent positive coverage, which highlight expectations for improved revenue growth and reduced discount rates, even though profit margins are expected to be more moderate.
Narrative Update • Sep 11

European Magnet Facility Expansion Will Support Clean Energy Demand

Analysts have raised Neo Performance Materials’ price target to CA$24.29, reflecting confidence in robust earnings growth, operational improvements, and strategic positioning within high-growth end-markets. Analyst Commentary Bullish analysts anticipate robust earnings growth driven by increasing demand for rare earth materials.
Analysis Article • Aug 15

Neo Performance Materials Inc. Just Beat EPS By 7.7%: Here's What Analysts Think Will Happen Next

Neo Performance Materials Inc. ( TSE:NEO ) investors will be delighted, with the company turning in some strong numbers...
Narrative Update • Aug 15

European Magnet Facility Expansion Will Support Clean Energy Demand

Despite an unchanged analyst price target for Neo Performance Materials, a significant increase in the future P/E ratio points to heightened valuation expectations without improvement in profitability, leaving the fair value estimate steady at CA$21.33. What's in the News Neo Performance Materials secured a $50 million supply contract for permanent rare earth magnets with a new European Tier 1 EV traction motor supplier and OEM, expanding its customer base; commercial deliveries are expected from mid-2026 via its new Narva, Estonia facility, the first sintered magnet plant outside Asia focused on EV, industrial, and wind applications.
Analysis Article • Aug 07

Does Neo Performance Materials (TSE:NEO) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysis Article • Jun 21

Neo Performance Materials Inc.'s (TSE:NEO) 26% Share Price Surge Not Quite Adding Up

Neo Performance Materials Inc. ( TSE:NEO ) shares have continued their recent momentum with a 26% gain in the last...
Analysis Article • May 29

Neo Performance Materials' (TSE:NEO) Dividend Will Be $0.10

The board of Neo Performance Materials Inc. ( TSE:NEO ) has announced that it will pay a dividend on the 27th of June...
Analysis Article • May 15

Neo Performance Materials (TSE:NEO) Has Affirmed Its Dividend Of $0.10

The board of Neo Performance Materials Inc. ( TSE:NEO ) has announced that it will pay a dividend of $0.10 per share on...
User avatar
New Narrative • May 06

New Catalyst And Magnet Facilities Will Expand Product Offerings

Facility expansions and strategic customer wins enhance long-term revenue growth, leveraging high-demand sectors and a strong position in automotive supply.
Analysis Article • Apr 15

The Market Doesn't Like What It Sees From Neo Performance Materials Inc.'s (TSE:NEO) Revenues Yet

You may think that with a price-to-sales (or "P/S") ratio of 0.6x Neo Performance Materials Inc. ( TSE:NEO ) is a stock...
Analysis Article • Sep 28

Estimating The Intrinsic Value Of Neo Performance Materials Inc. (TSE:NEO)

Key Insights The projected fair value for Neo Performance Materials is CA$8.83 based on Dividend Discount Model With...
Analysis Article • Jun 27

Neo Performance Materials Inc. (TSE:NEO) Shares Fly 27% But Investors Aren't Buying For Growth

Despite an already strong run, Neo Performance Materials Inc. ( TSE:NEO ) shares have been powering on, with a gain of...
Analysis Article • Jun 15

Neo Performance Materials (TSE:NEO) Will Be Hoping To Turn Its Returns On Capital Around

What financial metrics can indicate to us that a company is maturing or even in decline? When we see a declining return...
Analysis Article • May 22

We Like The Quality Of Neo Performance Materials' (TSE:NEO) Earnings

Shareholders appeared to be happy with Neo Performance Materials Inc.'s ( TSE:NEO ) solid earnings report last week...
Analysis Article • May 11

Neo Performance Materials Inc.'s (TSE:NEO) Subdued P/S Might Signal An Opportunity

Neo Performance Materials Inc.'s ( TSE:NEO ) price-to-sales (or "P/S") ratio of 0.3x might make it look like a buy...
Analysis Article • Dec 14

Neo Performance Materials (TSE:NEO) Has Affirmed Its Dividend Of $0.10

The board of Neo Performance Materials Inc. ( TSE:NEO ) has announced that it will pay a dividend on the 28th of...
Analysis Article • Nov 29

Neo Performance Materials' (TSE:NEO) Dividend Will Be $0.10

Neo Performance Materials Inc. ( TSE:NEO ) has announced that it will pay a dividend of $0.10 per share on the 28th of...

CEO Compensation Analysis

How has Rahim Suleman's remuneration changed compared to Neo Performance Materials's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

-US$10m

Sep 30 2025n/an/a

-US$6m

Jun 30 2025n/an/a

-US$10m

Mar 31 2025n/an/a

-US$15m

Dec 31 2024US$3mUS$657k

-US$13m

Sep 30 2024n/an/a

-US$2m

Jun 30 2024n/an/a

US$3m

Mar 31 2024n/an/a

US$3m

Dec 31 2023US$3mUS$552k

-US$8m

Sep 30 2023n/an/a

-US$14m

Jun 30 2023n/an/a

-US$21m

Mar 31 2023n/an/a

-US$7m

Dec 31 2022US$1mUS$399k

US$26m

Sep 30 2022n/an/a

US$40m

Jun 30 2022n/an/a

US$52m

Mar 31 2022n/an/a

US$50m

Dec 31 2021US$2mUS$401k

US$35m

Sep 30 2021n/an/a

US$31m

Jun 30 2021n/an/a

US$23m

Mar 31 2021n/an/a

-US$51m

Dec 31 2020US$551kUS$369k

-US$58m

Sep 30 2020n/an/a

-US$56m

Jun 30 2020n/an/a

-US$52m

Mar 31 2020n/an/a

US$11m

Dec 31 2019US$590kUS$362k

US$23m

Compensation vs Market: Rahim's total compensation ($USD2.77M) is above average for companies of similar size in the Canadian market ($USD1.42M).

Compensation vs Earnings: Rahim's compensation has increased whilst the company is unprofitable.

CEO

Rahim Suleman

3.3yrs
Tenure
US$2,771,692
Compensation

Mr. Rahim Suleman serves as President of Neo Performance Materials Inc. since January 1, 2023 and served as its Interim Chief Financial Officer until June 19, 2023. He serves as Chief Executive Officer of...

Leadership Team

NamePositionTenureCompensationOwnership
Rahim Suleman
CEO, President & Director3.3yrsUS$2.77m1.08%
CA$ 13.3m
Jonathan Baksh
Executive VP & CFO2.9yrsUS$724.57k0.14%
CA$ 1.7m
Kevin Morris
Executive VP & Chief Strategy Officer3.3yrsUS$1.13m0.44%
CA$ 5.4m
Gregory Kroll
Executive Vice President of Magnequench11.3yrsUS$934.29k0.19%
CA$ 2.3m
Mohamad El- Mahmoud
Executive Vice President of Chemical and Oxides & Rare Metals2.5yrsUS$866.22k0.034%
CA$ 419.9k
Jim Fitzpatrick
Senior Vice President of Investor Relations & Communicationsno datano datano data
Karen Murray
Senior VP & General Counselno datano datano data
Alexander Caldwell
Corporate Secretaryno datano datano data
3.3yrs
Average Tenure

Experienced Management: NEO's management team is considered experienced (3.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Rahim Suleman
CEO, President & Director8.7yrsUS$2.77m1.08%
CA$ 13.3m
G. Edwards
Independent Director6.9yrsUS$201.22kno data
Paul Mascarenas
Independent Directorless than a yearno data0.036%
CA$ 439.1k
Jonathan Evans
Independent Directorless than a yearno datano data
Hua Du
Independent Director2.6yrsUS$248.43kno data
Edgar Lee
Independent Chairman8.6yrsUS$240.47kno data
Eric Noyrez
Lead Independent Director8.6yrsUS$206.99k0.045%
CA$ 547.9k
6.9yrs
Average Tenure
59.5yo
Average Age

Experienced Board: NEO's board of directors are considered experienced (6.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 06:00
End of Day Share Price 2026/05/07 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Neo Performance Materials Inc. is covered by 7 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nicholas BoychukATB Cormark
Raj RayBMO Capital Markets Equity Research
Scott FromsonCIBC Capital Markets