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NextSource Materials Inc.TSX:NEXT Stock Report

Market Cap CA$62.6m
Share Price
n/a
1Y-32.4%
7D-5.7%
1D-2.0%
Portfolio Value
​
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NextSource Materials Inc.

TSX:NEXT Stock Report

Market Cap: CA$62.6m

NextSource Materials (NEXT) Stock Overview

Explores for, develops, and evaluates mineral properties in Madagascar and Canada. More details

NEXT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance0/6
Financial Health1/6
Dividends0/6

Rewards

Revenue is forecast to grow 100.14% per year

Risk Analysis

Has less than 1 year of cash runway

Shareholders have been substantially diluted in the past year

Does not have a meaningful market cap (CA$63M)

Does not have meaningful revenue ($1M)


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NextSource Materials Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for NextSource Materials
Historical stock prices
Current Share PriceCA$0.25
52 Week HighCA$0.63
52 Week LowCA$0.24
Beta0.53
1 Month Change-10.71%
3 Month Change-32.43%
1 Year Change-32.43%
3 Year Change-81.34%
5 Year Change-91.78%
Change since IPO-70.59%

Recent News & Updates

Recent updates

Analysis Article • Oct 05

Would NextSource Materials (TSE:NEXT) Be Better Off With Less Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Jul 27

Does NextSource Materials (TSE:NEXT) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Oct 03

Will NextSource Materials (TSE:NEXT) Spend Its Cash Wisely?

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...
Analysis Article • Mar 16

Is NextSource Materials (TSE:NEXT) In A Good Position To Invest In Growth?

We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...
Analysis Article • Nov 30

Here's Why We're Not Too Worried About NextSource Materials' (TSE:NEXT) Cash Burn Situation

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • Sep 08

Is NextSource Materials (TSE:NEXT) In A Good Position To Deliver On Growth Plans?

We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...
Analysis Article • May 25

Is NextSource Materials (TSE:NEXT) In A Good Position To Deliver On Growth Plans?

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article • Feb 09

We Think NextSource Materials (TSE:NEXT) Can Afford To Drive Business Growth

We can readily understand why investors are attracted to unprofitable companies. For example, although...
Analysis Article • Oct 26

NextSource Materials (TSE:NEXT) Is In A Good Position To Deliver On Growth Plans

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Analysis Article • May 14

We're Interested To See How NextSource Materials (TSE:NEXT) Uses Its Cash Hoard To Grow

Just because a business does not make any money, does not mean that the stock will go down. By way of example...
Analysis Article • Dec 22

Is NextSource Materials (TSE:NEXT) In A Good Position To Invest In Growth?

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...

Shareholder Returns

NEXTCA Metals and MiningCA Market
7D-5.7%2.1%0.2%
1Y-32.4%41.1%20.9%

Return vs Industry: NEXT underperformed the Canadian Metals and Mining industry which returned 41.1% over the past year.

Return vs Market: NEXT underperformed the Canadian Market which returned 20.9% over the past year.

Price Volatility

Is NEXT's price volatile compared to industry and market?
NEXT volatility
NEXT Average Weekly Movement8.0%
Metals and Mining Industry Average Movement10.5%
Market Average Movement9.1%
10% most volatile stocks in CA Market16.0%
10% least volatile stocks in CA Market3.6%

Stable Share Price: NEXT has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: NEXT's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004283Hanre Rossouwwww.nextsourcematerials.com

NextSource Materials Inc. explores for, develops, and evaluates mineral properties in Madagascar and Canada. It operates through Mine Development and Battery Anode Facilities (BAF) Development segments. The company explores for graphite and vanadium deposits.

NextSource Materials Inc. Fundamentals Summary

How do NextSource Materials's earnings and revenue compare to its market cap?
NEXT fundamental statistics
Market capCA$62.62m
Earnings (TTM)-CA$50.79m
Revenue (TTM)CA$1.61m
38.1x
P/S Ratio
-1.2x
P/E Ratio

Is NEXT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NEXT income statement (TTM)
RevenueUS$1.15m
Cost of RevenueUS$15.67m
Gross Profit-US$14.52m
Other ExpensesUS$21.70m
Earnings-US$36.22m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-0.15
Gross Margin-1,263.18%
Net Profit Margin-3,150.27%
Debt/Equity Ratio86.2%

How did NEXT perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/21 21:32
End of Day Share Price 2026/09/21 00:00
Earnings2026/03/31
Annual Earnings2025/06/30

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 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

NextSource Materials Inc. is covered by 6 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Clarence PowellBMO Capital Markets Equity Research
Raj RayBMO Capital Markets Equity Research
Robin FiedlerBMO Capital Markets Equity Research