Novagold Resources Inc. (NG) vs Silver Standard Resources Inc. (SSRM)

Novagold Resources Inc. and Silver Standard Resources Inc. are both Gold companies. Silver Standard Resources Inc. is the larger, with a market value of $7.3B against $3.2B — 2.3× the size. Novagold Resources Inc. has negative trailing earnings, so its P/E is not meaningful; Silver Standard Resources Inc. trades at 30.8×. Silver Standard Resources Inc. grew revenue faster over the last twelve months: 48.4% against 18.2%. Silver Standard Resources Inc. has the higher net margin (12.3% vs 0.00%) and the higher return on invested capital (27.2% vs −19.1%). Across the 16 metrics below, Silver Standard Resources Inc. leads on 14 and Novagold Resources Inc. on 2.

Valuation

Metric NG SSRM Gold median
P/E n/m 30.78 23.34
P/S n/m 3.84 5.02
P/B 7.43 2.19 3.53
Price to free cash flow n/m 23.16 16.73
EV/EBITDA n/m 7.37 8.34
EV/Sales n/m 3.05 4.92
Earnings yield (2.41%) 3.25% 1.44%
Free cash flow yield (0.57%) 4.32% 0.75%

Profitability

Metric NG SSRM Gold median
Gross margin 0.00% 62.63% 50.00%
Operating margin 0.00% 35.11% 26.32%
Net margin 0.00% 12.30% 12.30%
Free cash flow margin 0.00% 16.59% 0.00%
Return on equity (24.63%) 6.36% 6.36%
Return on assets (15.56%) 4.72% 0.00%
Return on invested capital (19.10%) 27.23% 0.52%

Growth

Metric NG SSRM Gold median
Revenue growth (TTM) 18.16% 48.40% 68.15%
EPS growth (last fiscal year) (78.57%) 243.41% —
Revenue growth, 5-year CAGR — 13.82% 16.12%
Net income growth, 5-year CAGR 0.00% 21.17% 0.00%

Health

Metric NG SSRM Gold median
Debt to equity 0.41 0.00 0.10
Current ratio 112.82 9.79 3.08
Net debt to EBITDA (1.08) (0.36) 0.00

Dividend

Metric NG SSRM Gold median
Dividend yield — 2.93% 1.49%
Payout ratio 0.00 0.35 0.00

Size

Metric NG SSRM Gold median
Market cap 3.15b 7.30b 1.96b

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