Neo Performance Materials (NEO) Stock Price, News & Analysis

Company Overview

Neo Performance Materials Inc. engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets; and bonded magnets. Its powders are used in the production of bonded permanent magnets that are components in automotive motors, pumps, micro motors, traction motors, sensors, and other applications. The Chemicals and Oxides segments manufactures and distributes a range of industrial materials for use in auto catalysts, consumer electronics, petroleum refining, hybrid and electric vehicles, and municipal and industrial wastewater treatment applications. The Rare Metals segment sources, produces, reclaims, refines, and markets high-temperature metals that include tantalum, niobium, hafnium, and rhenium; and electronic metals, such as gallium and indium for jet engines, medical imaging, wireless technologies, and LED lightings, as well as flat panel displays, solar, steel additives, batteries, and electronic applications. The company was founded in 1994 and is headquartered in Toronto, Canada.

Key Stats

• Today's Range: C$7.94 to C$8.03
• 50-Day Range: C$7.64 to C$8.70
• 52-Week Range: C$5.50 to C$8.81
• Volume: 21,509 shs
• Average Volume: 71,649 shs
• Market Capitalization: C$334 million
• P/E Ratio: 88.89
• Dividend Yield: 5.00%
• Price Target: C$12.63
• Consensus Rating: Buy

Neo Performance Materials Stock Analysis - MarketRank™

Neo Performance Materials scored higher than 76% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Neo Performance Materials has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Neo Performance Materials has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Neo Performance Materials is 89.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Neo Performance Materials is 89.22, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 118.12.

Price to Book Value per Share Ratio

Neo Performance Materials has a P/B Ratio of 0.79. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for NEO.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Neo Performance Materials is a leading dividend payer. It pays a dividend yield of 4.97%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Neo Performance Materials does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Neo Performance Materials is 444.44%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for NEO.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.63

News Sentiment

Neo Performance Materials has a news sentiment score of 0.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.43 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Neo Performance Materials this week, compared to 2 articles on an average week.

Search Interest

7 people have searched for NEO on MarketBeat in the last 30 days. This is an increase of 17% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Neo Performance Materials to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Neo Performance Materials insiders have not sold or bought any company stock.

Percentage Held by Insiders

22.38% of the stock of Neo Performance Materials is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 22.45% of the stock of Neo Performance Materials is held by institutions.

NEO Stock Analysis - Frequently Asked Questions

How have NEO shares performed this year?

Neo Performance Materials' stock was trading at C$7.63 at the start of the year. Since then, NEO stock has increased by 5.2% and is now trading at C$8.03.
View the best growth stocks for 2024 here.

How do I buy shares of Neo Performance Materials?

Shares of NEO stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Neo Performance Materials own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Neo Performance Materials investors own include Arista Networks (ANET), NVIDIA (NVDA), NextEra Energy Partners (NEP), MercadoLibre (MELI), Enterprise Products Partners (EPD), PayPal (PYPL) and ASML (ASML).

Company Calendar

• Ex-Dividend for 9/27 Dividend: 9/17/2024
• Dividend Payable: 9/27/2024
• Ex-Dividend for 12/27 Dividend: 12/17/2024
• Today: 12/18/2024
• Dividend Payable: 12/27/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Basic Materials
• Industry: Specialty Chemicals
• Sub-Industry: Business Services
• Current Symbol: TSE:NEO
• CUSIP: N/A
• CIK: N/A
• Web: www.neomaterials.com
• Phone: 416 367 8588
• Fax: N/A
• Employees: 2,100
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$12.63
• High Stock Price Target: C$15.00
• Low Stock Price Target: C$11.00
• Potential Upside/Downside: +57.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$0.09
• Trailing P/E Ratio: 88.89
• Forward P/E Ratio: 11.85
• P/E Growth: N/A
• Net Income: C$3.43 million
• Net Margins: 0.69%
• Pretax Margin: N/A
• Return on Equity: 0.85%
• Return on Assets: 1.87%

Debt

• Debt-to-Equity Ratio: 13.02
• Current Ratio: 3.31
• Quick Ratio: 1.92

Sales & Book Value

• Annual Sales: C$495.23 million
• Price / Sales: 0.67
• Cash Flow: C$2.18 per share
• Price / Cash Flow: 3.68
• Book Value: C$10.11 per share
• Price / Book: 0.79

Miscellaneous

• Outstanding Shares: 41,750,000
• Free Float: N/A
• Market Cap: C$334 million
• Optionable: Not Optionable
• Beta: 1.38