NovaGold Resources Inc. (NG) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-102.5%

-$0.15

vs $5.97 price

Levered DCF

-$0.15

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

3.34

Safe zone

Rating

D+

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-39.15×	-28.15×	-30×	-36.06×	-56.25×	-99.6×	-81.69×	-10.49×
P/B	23.29×	-25.82×	-170.62×	64.3×	28.59×	29.62×	16.44×	7.37×
P/S	0×	0×	0×	0×	0×	0×	0×	0×
EV / EBITDA	-48.99×	-45.57×	-44.56×	-119.22×	-129.32×	-232.15×	-264.92×	-53×
Gross margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Operating margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Current ratio	23.79×	22.91×	32.57×	33.17×	38.66×	55.97×	44.97×	46.28×
Debt / equity	1.02×	-3.22×	-16.73×	4.17×	1.48×	1×	0.75×	0.6×
Interest coverage	-3.2×	-1.69×	-1.67×	-2.44×	-3.35×	-3.23×	-2.24×	-2.78×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-57.8%	93.6%	566.7%	-172.1%	-50.8%	-31.4%	-20.1%	-19.7%
Return on invested capital	-14.3%	-23.0%	-16.7%	-12.5%	-10.2%	-8.6%	-6.7%	-7.0%
Return on assets	-28.2%	-40.4%	-35.0%	-32.3%	-20.0%	-15.5%	-11.3%	-12.2%
Free cash flow yield	-1.0%	-1.0%	-0.6%	-0.6%	-0.4%	-2.3%	-0.3%	7.8%
Earnings yield	-2.5%	-3.6%	-3.3%	-2.7%	-1.8%	-1.1%	-1.2%	-2.7%
Enterprise value	$3.9B	$1.3B	$1.5B	$2B	$2.3B	$3.3B	$2.3B	$1.3B
Net debt / EBITDA	-0.71×	-3.76×	-2.74×	-3.65×	-1.43×	-3.45×	-4.17×	-3.18×
Cash conversion cycle (days)	-28,492	-23,385	-25,770	-41,564	-36,266	-45,235	-21,402	-12,128