Novagold Resources Inc. (NG) vs Oceanagold Corp. (OGC)

Novagold Resources Inc. and Oceanagold Corp. are both Gold companies. Oceanagold Corp. is the larger, with a market value of $6.1B against $2.7B — 2.3× the size. Novagold Resources Inc. has negative trailing earnings, so its P/E is not meaningful; Oceanagold Corp. trades at 7.1×. Oceanagold Corp. grew revenue faster over the last twelve months: 57.4% against 18.2%. Oceanagold Corp. has the higher net margin (35.1% vs 0.00%) and the higher return on invested capital (33.7% vs −25.7%). Across the 15 metrics below, Oceanagold Corp. leads on 13 and Novagold Resources Inc. on 2.

Valuation

Metric NG OGC Gold median
P/E n/m 7.13 17.98
P/S n/m 2.50 3.83
P/B 6.96 2.33 2.42
Price to free cash flow n/m 8.32 15.50
EV/EBITDA n/m 3.95 6.72
EV/Sales n/m 2.25 3.73
Earnings yield (3.45%) 14.03% 1.19%
Free cash flow yield (0.75%) 12.02% 0.81%

Profitability

Metric NG OGC Gold median
Gross margin 0.00% 64.20% 49.13%
Operating margin 0.00% 44.15% 21.90%
Net margin 0.00% 35.14% 9.65%
Free cash flow margin 0.00% 30.01% 0.00%
Return on equity (32.81%) 36.27% 0.12%
Return on assets (20.16%) 27.12% 0.10%
Return on invested capital (25.66%) 33.68% 0.26%

Growth

Metric NG OGC Gold median
Revenue growth (TTM) 18.16% 57.38% 68.15%
EPS growth (last fiscal year) (78.57%) 247.97% 60.15%
Revenue growth, 5-year CAGR — — 15.33%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric NG OGC Gold median
Debt to equity 0.46 0.01 0.03
Current ratio 44.51 1.63 3.34
Net debt to EBITDA (1.08) (0.45) (0.15)

Dividend

Metric NG OGC Gold median
Dividend yield — 0.65% 0.79%
Payout ratio — 0.05 0.15

Size

Metric NG OGC Gold median
Market cap 2.66b 6.11b 1.12b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack