TSXV:NCI - Post Discussion
Post by
SteadyGains on Nov 19, 2024 10:23am
NTG - Fundament Analysis - Back to Basics
Long time lurker on this name but seems I've finally been pushed to make an account so i can bring some much needed sense back to the market. Especially after another record breaking quarter announced last week where the stock ended up down 6% two days later.....the shorts are going to get caught badly here.
Lets take a quick review of the most recent quarter, and then look at how NTG compares to its peers in terms of growth, profitability and valuation.
Another Unbelievably Strong Quarter - Summary of NTG's Q3 Results Announced Last Week: - 8th consecutive record-breaking quarter
- Revenue more than doubled year-over-year, growing at 109%; 9-month ended revenue of $39m
- EBITDA more than doubled year-over-year, growing at 140%; 9-month ended EBITDA of $8m
- Backlog of $84m, highest backlog ever
- Strong balance sheet that can fund all growth into 2025 and beyond - so no financing on the horizon
And remember, the stock was down the two days after the news....
Faster Growth, Strong Margins and Materially Undervalued Versus Peers This is a top 3 small-cap on the TSX right now. Hands down. The downside is incredibly small, while the upside is incredibly large. Having been to the all the small cap conferences, i cant wait to see NTG join a number of them next year. The will outshine all of unprofitbale, no-growth garbage that you usually see.
My two sense at least. Contining to accumulate.
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