NMG Basic Materials

Nouveau Monde Graphite Inc.

$0.87-4.17%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Country: Canada
Market cap: 287.4M USD
Enterprise value: 259.2M USD
Full-time employees: 144

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: its share price swings more than most peers’ (beta 0.96 vs a peer median of 0.69), though less than the overall marketbigger price swings (beta 0.96 vs peers 0.69)
Drawback: less short-term liquidity (current ratio 0.87 vs a peer median of 1.76)less liquidity (current ratio 0.87 vs peers 1.76)
About average: risk (debt, liquidity and share-price swings)risk
Not enough data: growth

Would rank #1,125 of 1,217 fully scored basic materials companies (bottom 8%)

Partial overall score — 3/4 categories available.

See how it ranks against its peers

Worth knowing

Cash exceeds market value plus debt. Its cash is worth more than its market value plus debt.
Nouveau Monde Graphite's cash is larger than its market value and debt combined (enterprise value at or below zero). The market is valuing the operating business at nothing or less, which is rare.Nouveau Monde Graphite's cash is larger than its market value and debt combined. The market is valuing the operating business at nothing or less, which is rare.
Not profitable yet. Reported a loss in the 12 months to December 2025.
Nouveau Monde Graphite reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
Financials may be out of date. Latest financial period ended 10 months ago.
The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.
Little borrowing. Debt is 0.01× equity vs a peer median of 0.4×.Debt is 0.01× equity vs peers 0.4×.
Nouveau Monde Graphite has among the least debt in its peer group relative to shareholders' equity.

StockQuotient Score

21/ 100

Oct 5 17 → Nov 4 21 (+4)

Valuation

Is the price right?

20/100

Weak

2/3 inputs reported · Partial data

Since last year: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-25.9%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · CAD→USD at the current rateNegative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0364 · MAD: 0.0364

EBITDA yieldUnavailable

Cash exceeds market value plus debt, so EBITDA yield is not meaningful and is left out · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0854 · MAD: 0.0520

Free cash flow yield-13.8%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · CAD→USD at the current rate · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0261 · MAD: 0.0261

Other data (not scored)

Book yield19.7%

SEC filings (IFRS mapped) · latest balance sheet · CAD→USD at the current rateReported valueInformational · 0% composite weightSector median: 0.5947 · MAD: 0.3137

Growth

Is it growing?

Insufficient data

Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.

Profitability

Does it earn well?

2/100

Weak

2/3 inputs reported · Partial data

Since last year: No major change

Why

Weaker than most peers on:

▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating marginUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0757 · MAD: 0.0617

Return on assets-60.3%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.78Sector median: 0.0249 · MAD: 0.0265

Return on invested capital-706.7%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.22Sector median: 0.0675 · MAD: 0.0575

Other data (not scored)

Gross margin0.0%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.2138 · MAD: 0.1202

Return on equity-131.7%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0537 · MAD: 0.0694

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last year: No major change

Why

Mixed versus peers:

▲ Debt / equity
▼ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.96

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.94Sector median: 0.6950 · MAD: 0.2810

Current ratio0.87×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score -1.32Sector median: 1.7610 · MAD: 0.6770

Debt / equity0.01×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score 1.19Sector median: 0.3578 · MAD: 0.2929

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Nouveau Monde Graphite

Is Nouveau Monde Graphite getting weaker?: Its latest SEC filing (Mar 26, 2026) showed no major changes. Its overall score is unchanged at 21/100 since Oct 28, 2026.
How is Nouveau Monde Graphite valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 20/100 against 1,371 basic materials peers. Earnings yield -25.9% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -25.9% vs peers 3.6% (weaker than 100% of peers).
Is Nouveau Monde Graphite growing?: Insufficient data: 1 of 3 inputs reported (at least 2 needed).
How profitable is Nouveau Monde Graphite?: Less profitable than most of its peers. Profitability scores 2/100 against 1,371 basic materials peers. Return on assets -60.3% vs a peer median of 2.5% (weaker than 100% of peers).Return on assets -60.3% vs peers 2.5% (weaker than 100% of peers).
How risky is Nouveau Monde Graphite?: Moderate risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Debt / equity 0.01× vs a peer median of 0.36× (stronger than 92% of peers).Debt / equity 0.01× vs peers 0.36× (stronger than 92% of peers). Current ratio 0.87× vs a peer median of 1.76× (weaker than 88% of peers).Current ratio 0.87× vs peers 1.76× (weaker than 88% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Dec 31, 2025 · filed Mar 26, 2026 · compared with the year ended Dec 31, 2024

No major changes

Worth watching: Nouveau Monde Graphite is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous year	Latest year	Change
Net income (12 months)	−73.3M CAD	−105.2M CAD	+43.5%
Free cash flow (12 months)	−66.0M CAD	−55.8M CAD	−15.4%
Debt	1.0M CAD	764,000 CAD	−24.7%
Cash	106.3M CAD	73.9M CAD	−30.4%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in CAD, as reported

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Return on assets (ROA)	-31.6%	-31.8%	-45.2%	-35.9%	-60.3%	▼ 24 pts
Return on equity (ROE)	-37.7%	-66.0%	-102.9%	-47.7%	-131.7%	▼ 84 pts
Current ratio	4.72×	4.59×	0.65×	2.43×	0.87×	▼ 64%
Debt to equity	0.02×	0.03×	0.03×	0.01×	0.01×	▲ 45%
Interest coverage	-38.25×	—	—	—	—	—

NMG price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: its share price swings more than most peers’ (beta 0.96 vs a peer median of 0.69), though less than the overall marketbigger price swings (beta 0.96 vs peers 0.69)

Drawback: less short-term liquidity (current ratio 0.87 vs a peer median of 1.76)less liquidity (current ratio 0.87 vs peers 1.76)

About average: risk (debt, liquidity and share-price swings)risk

Not enough data: growth

Would rank #1,125 of 1,217 fully scored basic materials companies (bottom 8%)

Partial overall score — 3/4 categories available.

See how it ranks against its peers

Worth knowing

Cash exceeds market value plus debt. Its cash is worth more than its market value plus debt.

Nouveau Monde Graphite's cash is larger than its market value and debt combined (enterprise value at or below zero). The market is valuing the operating business at nothing or less, which is rare.Nouveau Monde Graphite's cash is larger than its market value and debt combined. The market is valuing the operating business at nothing or less, which is rare.

Not profitable yet. Reported a loss in the 12 months to December 2025.

Nouveau Monde Graphite reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Financials may be out of date. Latest financial period ended 10 months ago.

The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

Little borrowing. Debt is 0.01× equity vs a peer median of 0.4×.Debt is 0.01× equity vs peers 0.4×.

Nouveau Monde Graphite has among the least debt in its peer group relative to shareholders' equity.

Questions investors ask about Nouveau Monde Graphite

Is Nouveau Monde Graphite getting weaker?

Its latest SEC filing (Mar 26, 2026) showed no major changes. Its overall score is unchanged at 21/100 since Oct 28, 2026.

How is Nouveau Monde Graphite valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 20/100 against 1,371 basic materials peers. Earnings yield -25.9% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -25.9% vs peers 3.6% (weaker than 100% of peers).

Is Nouveau Monde Graphite growing?

Insufficient data: 1 of 3 inputs reported (at least 2 needed).

How profitable is Nouveau Monde Graphite?

Less profitable than most of its peers. Profitability scores 2/100 against 1,371 basic materials peers. Return on assets -60.3% vs a peer median of 2.5% (weaker than 100% of peers).Return on assets -60.3% vs peers 2.5% (weaker than 100% of peers).

How risky is Nouveau Monde Graphite?

Moderate risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Debt / equity 0.01× vs a peer median of 0.36× (stronger than 92% of peers).Debt / equity 0.01× vs peers 0.36× (stronger than 92% of peers). Current ratio 0.87× vs a peer median of 1.76× (weaker than 88% of peers).Current ratio 0.87× vs peers 1.76× (weaker than 88% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Net income (12 months)

−73.3M CAD

−105.2M CAD

+43.5%

Free cash flow (12 months)

−66.0M CAD

−55.8M CAD

−15.4%

Debt

1.0M CAD

764,000 CAD

−24.7%

Cash

106.3M CAD

73.9M CAD

−30.4%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Return on assets (ROA)

-31.6%

-31.8%

-45.2%

-35.9%

-60.3%

▼ 24 pts

Return on equity (ROE)

-37.7%

-66.0%

-102.9%

-47.7%

-131.7%

▼ 84 pts

Current ratio

4.72×

4.59×

0.65×

2.43×

0.87×

▼ 64%

Debt to equity

0.02×

0.03×

0.01×

▲ 45%

Interest coverage

-38.25×

—