(NMG) Nouveau Monde Graphite - Overview
Sector: Basic Materials | Industry: Other Industrial Metals & Mining | Exchange: NYSE (USA) | Market Cap: 632m USD | Total Return: 9.7% in 12m
Avg Turnover: 2.11M
Qual. Beats: 0
Qual. Beats: 0
Warnings
Interest Coverage Ratio -93.5 is critical
Altman Z'' -12.95 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
Confidence
Nouveau Monde Graphite Inc. (NMG) is a Canadian mining company focused on the development of the Matawinie graphite property in Saint-Michel-Des-Saints, Quebec. The company operates as an integrated supplier, managing mineral exploration, real estate, and the production of active anode materials for the lithium-ion battery market.
The business model emphasizes vertical integration to control the supply chain from raw graphite extraction to processed battery-grade materials. Natural graphite is a critical component in electric vehicle battery anodes, and demand is increasingly driven by the global transition toward decarbonization and localized North American sourcing.
Investors looking for deeper fundamental insights can find detailed analytics on ValueRay. This project represents one of the few large-scale, 100% owned graphite deposits currently under development in a Tier-1 mining jurisdiction.
- Offtake agreements with Panasonic and GM secure future battery material revenue
- Financing of the Matawinie project determines timeline for commercial production scale
- Chinese export restrictions on graphite drive demand for North American supply
- Fluctuations in EV adoption rates impact long-term anode material pricing power
- Regulatory approval of Quebec mining permits remains critical for operational execution
| Net Income: error (cannot be calculated; needs Net Income TTM and Revenue TTM) |
| FCF/TA: -0.33 > 0.02 and ΔFCF/TA 2.33 > 1.0 |
| NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev) |
| CFO/TA -0.25 > 3% & CFO -41.1m > Net Income -97.2m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 0.73 > 1.5 & < 3 |
| Outstanding Shares: last quarter (162.6m) vs 12m ago 5.98% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 0.0% > 50% (prev 0.0%; Δ 0.0% > 0%) |
| Interest Coverage Ratio: -93.51 > 6 (EBITDA TTM -116.6m / Interest Expense TTM 1.31m) |
| A: -0.14 (Total Current Assets 62.5m - Total Current Liabilities 86.0m) / Total Assets 167.0m |
| B: -2.42 (Retained Earnings -404.6m / Total Assets 167.0m) |
| C: -0.68 (EBIT TTM -122.1m / Avg Total Assets 178.5m) |
| D: 0.44 (Book Value of Equity 39.1m / Total Liabilities 89.3m) |
| Altman-Z'' = -12.95 = D |
As of May 26, 2026, the stock is trading at USD 1.92 with a total of 3,454,200 shares traded.
Over the past week, the price has changed by +0.00%,
over one month by -12.33%,
over three months by -18.64% and
over the past year by +9.71%.
Nouveau Monde Graphite has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy NMG.
- StrongBuy: 0
- Buy: 3
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 4.7 | 145.8% |
Market Cap CAD = 872.3m (631.9m USD * 1.3805 USD.CAD)
P/B = 11.2046
Revenue TTM = 0.0 CAD
EBIT TTM = -122.1m CAD
EBITDA TTM = -116.6m CAD
Long Term Debt = 431k CAD (from longTermDebt, last quarter)
Short Term Debt = 18.1m CAD (from shortTermDebt, last quarter)
Debt = 21.0m CAD (from shortLongTermDebtTotal, last quarter) + Leases 1.54m
Net Debt = -37.0m CAD (calculated: Debt 21.0m - CCE 58.1m)
Enterprise Value = 835.3m CAD (872.3m + Debt 21.0m - CCE 58.1m)
Interest Coverage Ratio = -93.51 (Ebit TTM -122.1m / Interest Expense TTM 1.31m)
EV/FCF = -14.99x (Enterprise Value 835.3m / FCF TTM -55.7m)
FCF Yield = -6.67% (FCF TTM -55.7m / Enterprise Value 835.3m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 8.40m) / Revenue TTM)
Tobins Q-Ratio = 5.00 (Enterprise Value 835.3m / Total Assets 167.0m)
Interest Expense / Debt = 6.20% (Interest Expense 1.31m / Debt 21.0m)
Taxrate = 21.0% (US default 21%)
NOPAT = -96.4m (EBIT -122.1m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.73 (Total Current Assets 62.5m / Total Current Liabilities 86.0m)
Debt / Equity = 0.27 (Debt 21.0m / totalStockholderEquity, last quarter 77.7m)
Debt / EBITDA = 0.32 (negative EBITDA) (Net Debt -37.0m / EBITDA -116.6m)
Debt / FCF = 0.66 (negative FCF - burning cash) (Net Debt -37.0m / FCF TTM -55.7m)
Total Stockholder Equity = 82.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -54.46% (Net Income -97.2m / Total Assets 167.0m)
RoE = -19.95% (Net Income TTM -97.2m / Total Stockholder Equity 487.3m)
RoCE = -25.03% (EBIT -122.1m / Capital Employed (Equity 487.3m + L.T.Debt 431k))
RoIC = -109.8% (out of range, set to none) (NOPAT -96.4m / Invested Capital 87.8m)
WACC = 8.27% (E(872.3m)/V(893.4m) * Re(8.35%) + D(21.0m)/V(893.4m) * Rd(6.20%) * (1-Tc(0.21)))
Discount Rate = 8.35% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 98.88 | Cagr: 54.72%
[DCF] Fair Price = unknown (Cash Flow -55.7m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.48 | # QB: 0
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: 0.0 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.06 | Chg30d=+47.62% | Revisions=+20% | Analysts=2
EPS next Quarter (2026-09-30): EPS=-0.07 | Chg30d=+45.83% | Revisions=+20% | Analysts=2
EPS current Year (2026-12-31): EPS=-0.17 | Chg30d=+51.17% | Revisions=+33% | GrowthEPS=+74.6% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=-0.16 | Chg30d=+54.57% | Revisions=+33% | GrowthEPS=+8.7% | GrowthRev=+0.0%
[Analyst] Revisions Ratio: +33%