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NOU

Nouveau Monde Graphite TSXV:NOU Stock Report

Last Price

CA$7.04

Market Cap

CA$392.6m

7D

-3.2%

1Y

-3.0%

Updated

26 Sep, 2022

Data

Company Financials +
NOU fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance0/6
Financial Health3/6
Dividends0/6

NOU Stock Overview

Nouveau Monde Graphite Inc. engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada.

Nouveau Monde Graphite Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Nouveau Monde Graphite
Historical stock prices
Current Share PriceCA$7.04
52 Week HighCA$11.90
52 Week LowCA$4.36
Beta1.89
1 Month Change-9.28%
3 Month Change3.53%
1 Year Change-3.03%
3 Year Change206.09%
5 Year Change80.51%
Change since IPO181.60%

Recent News & Updates

Aug 18
Is Nouveau Monde Graphite (CVE:NOU) Using Too Much Debt?

Is Nouveau Monde Graphite (CVE:NOU) Using Too Much Debt?

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

Shareholder Returns

NOUCA Metals and MiningCA Market
7D-3.2%-8.2%-6.4%
1Y-3.0%-17.2%-8.4%

Return vs Industry: NOU exceeded the Canadian Metals and Mining industry which returned -15.5% over the past year.

Return vs Market: NOU exceeded the Canadian Market which returned -7.3% over the past year.

Price Volatility

Is NOU's price volatile compared to industry and market?
NOU volatility
NOU Average Weekly Movement12.9%
Metals and Mining Industry Average Movement11.4%
Market Average Movement9.9%
10% most volatile stocks in CA Market18.2%
10% least volatile stocks in CA Market3.8%

Stable Share Price: NOU is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: NOU's weekly volatility (13%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2011n/aEric Desaulniershttps://nmg.com

Nouveau Monde Graphite Inc. engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It primarily explores for graphite. The company’s flagship project is the Matawinie property that includes 392 mining claims covering an area of 21,750 hectares situated to the north of Montreal, Quebec.

Nouveau Monde Graphite Fundamentals Summary

How do Nouveau Monde Graphite's earnings and revenue compare to its market cap?
NOU fundamental statistics
Market CapCA$392.58m
Earnings (TTM)-CA$49.68m
Revenue (TTM)n/a

0.0x

P/S Ratio

-7.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NOU income statement (TTM)
RevenueCA$0
Cost of RevenueCA$16.14m
Gross Profit-CA$16.13m
Other ExpensesCA$33.55m
Earnings-CA$49.68m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.89
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio2.4%

How did NOU perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is NOU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NOU?

Other financial metrics that can be useful for relative valuation.

NOU key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-7.8x
PEG Ration/a

Price to Book Ratio vs Peers

How does NOU's PB Ratio compare to its peers?

NOU PB Ratio vs Peers
The above table shows the PB ratio for NOU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average2.8x
POM PolyMet Mining
0.9xn/aCA$400.8m
TLO Talon Metals
2.3x-6.0%CA$364.1m
LI American Lithium
2.1xn/aCA$389.1m
LA Los Andes Copper
5.9xn/aCA$372.7m
NOU Nouveau Monde Graphite
4.6xn/aCA$392.6m

Price-To-Book vs Peers: NOU is expensive based on its Price-To-Book Ratio (4.6x) compared to the peer average (2.8x).


Price to Earnings Ratio vs Industry

How does NOU's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

Price-To-Book vs Industry: NOU is expensive based on its Price-To-Book Ratio (4.6x) compared to the Canadian Metals and Mining industry average (1.5x)


Price to Book Ratio vs Fair Ratio

What is NOU's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NOU PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio4.6x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate NOU's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of NOU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate NOU's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate NOU's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Nouveau Monde Graphite forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


60.3%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if NOU's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if NOU's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if NOU's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NOU's revenue (60.3% per year) is forecast to grow faster than the Canadian market (5.8% per year).

High Growth Revenue: NOU's revenue (60.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if NOU's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Nouveau Monde Graphite performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-48.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NOU is currently unprofitable.

Growing Profit Margin: NOU is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NOU is unprofitable, and losses have increased over the past 5 years at a rate of 48.8% per year.

Accelerating Growth: Unable to compare NOU's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NOU is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-8.3%).


Return on Equity

High ROE: NOU has a negative Return on Equity (-58.26%), as it is currently unprofitable.


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Financial Health

How is Nouveau Monde Graphite's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: NOU's short term assets (CA$40.5M) exceed its short term liabilities (CA$15.9M).

Long Term Liabilities: NOU's short term assets (CA$40.5M) exceed its long term liabilities (CA$5.4M).


Debt to Equity History and Analysis

Debt Level: NOU has more cash than its total debt.

Reducing Debt: Insufficient data to determine if NOU's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: NOU has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: NOU has less than a year of cash runway if free cash flow continues to reduce at historical rates of 43.5% each year


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Dividend

What is Nouveau Monde Graphite current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Nouveau Monde Graphite Dividend Yield vs Market
How does Nouveau Monde Graphite dividend yield compare to the market?
SegmentDividend Yield
Company (Nouveau Monde Graphite)n/a
Market Bottom 25% (CA)2.1%
Market Top 25% (CA)6.1%
Industry Average (Metals and Mining)2.9%
Analyst forecast in 3 Years (Nouveau Monde Graphite)n/a

Notable Dividend: Unable to evaluate NOU's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NOU's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NOU's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NOU's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as NOU has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.2yrs

Average management tenure


CEO

Eric Desaulniers

9.67yrs

Tenure

CA$2,129,726

Compensation

Mr. Eric Desaulniers, MSc, P.Geo, has been Chief Executive Officer and President of Nouveau Monde Graphite Inc. since January 2013 and served as its Chairman since September 12, 2019 until September 2020....


CEO Compensation Analysis

Eric Desaulniers's Compensation vs Nouveau Monde Graphite Earnings
How has Eric Desaulniers's remuneration changed compared to Nouveau Monde Graphite's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-CA$50m

Mar 31 2022n/an/a

-CA$49m

Dec 31 2021CA$2mCA$425k

-CA$40m

Sep 30 2021n/an/a

-CA$37m

Jun 30 2021n/an/a

-CA$29m

Mar 31 2021n/an/a

-CA$23m

Dec 31 2020CA$838kCA$375k

-CA$18m

Sep 30 2020n/an/a

-CA$22m

Jun 30 2020n/an/a

-CA$23m

Mar 31 2020n/an/a

-CA$18m

Dec 31 2019CA$542kCA$275k

-CA$17m

Sep 30 2019n/an/a

-CA$7m

Jun 30 2019n/an/a

-CA$8m

Mar 31 2019n/an/a

-CA$8m

Dec 31 2018CA$326kCA$225k

-CA$8m

Sep 30 2018n/an/a

-CA$8m

Jun 30 2018n/an/a

-CA$6m

Mar 31 2018n/an/a

-CA$5m

Dec 31 2017CA$308kCA$225k

-CA$4m

Sep 30 2017n/an/a

-CA$3m

Jun 30 2017n/an/a

-CA$2m

Mar 31 2017n/an/a

-CA$2m

Dec 31 2016CA$390kCA$180k

-CA$2m

Sep 30 2016n/an/a

-CA$1m

Jun 30 2016n/an/a

-CA$2m

Mar 31 2016n/an/a

-CA$2m

Dec 31 2015CA$180kCA$150k

-CA$1m

Compensation vs Market: Eric's total compensation ($USD1.55M) is above average for companies of similar size in the Canadian market ($USD811.83K).

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


Leadership Team

Experienced Management: NOU's management team is considered experienced (3.2 years average tenure).


Board Members

Experienced Board: NOU's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

TSXV:NOU Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
04 Apr 22BuyCA$86,534Nathalie PilonIndividual10,000CA$8.65
23 Nov 21SellCA$113,150Eric DesaulniersIndividual10,000CA$11.31
18 Nov 21SellCA$3,997,202The Pallinghurst GroupCompany566,979CA$7.05
21 Oct 21BuyCA$1,900,460Pallinghurst Graphite LimitedCompany220,471CA$8.62
18 Oct 21BuyCA$14,999,996Pallinghurst Graphite LimitedCompany7,500,000CA$2.00
15 Oct 21BuyCA$486,402Arne FrandsenIndividual51,966CA$9.36
15 Oct 21BuyCA$1,803,925The Pallinghurst GroupCompany192,727CA$9.36
15 Oct 21BuyCA$486,402Andrew WillisIndividual51,966CA$9.36
15 Oct 21SellCA$17,550,001Pallinghurst Graphite LimitedCompany1,875,000CA$9.36

Ownership Breakdown

What is the ownership structure of NOU?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders969,1721.7%
VC/PE Firms5,795,99110.4%
Institutions6,451,30111.6%
Private Companies11,541,01420.7%
General Public31,006,42055.6%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.5%.


Top Shareholders

Top 25 shareholders own 44.15% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
20.7%
Pallinghurst Graphite Limited
11,541,014CA$81.2m0%no data
10.39%
Investissement Québec, Investment Arm
5,795,991CA$40.8m0%13.9%
1.39%
Covalis Capital LLP
773,767CA$5.4m0%0.93%
1.33%
Caisse de dépôt et placement du Québec
744,006CA$5.2m0%0.01%
1.14%
Baker Steel Capital Managers LLP
637,581CA$4.5m-10.2%0.44%
1.1%
DZ Bank AG, Asset Management Arm
615,188CA$4.3m0%0.05%
1.1%
Orn & Cie SA
615,188CA$4.3m0%1.77%
1.08%
Amundi Asset Management
600,000CA$4.2m20%no data
0.82%
Van Eck Associates Corporation
457,903CA$3.2m-4.92%0.01%
0.81%
Richelieu Gestion
452,013CA$3.2m15.41%0.72%
0.61%
Konwave AG
340,668CA$2.4m0%0.23%
0.58%
Amati Global Investors Ltd.
325,000CA$2.3m0%0.18%
0.56%
Andrew Willis
311,796CA$2.2m0%no data
0.56%
Arne Frandsen
311,796CA$2.2m0%no data
0.54%
Williams Jones Wealth Management, LLC
303,491CA$2.1m32.8%0.03%
0.41%
Eric Desaulniers
230,275CA$1.6m0%no data
0.19%
Manulife Asset Management
108,633CA$764.8k-0.91%no data
0.19%
Russell Investment Management, LLC
106,183CA$747.5k21.55%no data
0.15%
National Bank Investments Inc.
84,572CA$595.4k-0.46%no data
0.13%
Nathalie Jodoin
73,430CA$516.9k0%no data
0.093%
Trident Trust Group, Asset Management Arm
51,966CA$365.8k0%0.26%
0.088%
Pacific Fonder AB
49,000CA$345.0k0%2.82%
0.064%
Boston Partners Global Investors, Inc.
35,616CA$250.7k7.36%no data
0.057%
Charles-Olivier Tarte
31,875CA$224.4k0%no data
0.043%
Deuterium Capital Management, LLC
24,143CA$170.0k0%0.52%

Company Information

Nouveau Monde Graphite Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Nouveau Monde Graphite Inc.
  • Ticker: NOU
  • Exchange: TSXV
  • Founded: 2011
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Implied Market Cap: CA$392.578m
  • Shares outstanding: 55.76m
  • Website: https://nmg.com

Location

  • Nouveau Monde Graphite Inc.
  • 481 Brassard Street
  • Saint-Michel-Des-Saints
  • Quebec
  • J0K 3B0
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NOUTSXV (TSX Venture Exchange)YesCommon SharesCACADJan 2013
NMGNYSE (New York Stock Exchange)YesCommon SharesUSUSDJan 2013
NM9ADB (Deutsche Boerse AG)YesCommon SharesDEEURJan 2013

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.