Newgrowth (TSX:NEW.A) Growth Rank : 0 (As of May. 28, 2024)

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What is Newgrowth Growth Rank?

Newgrowth has the Growth Rank of 0.

GuruFocus Growth Rank measures the growth of a company in terms of its revenue and profitability. Historically, the companies with the highest growth ranks performed the best over the long term. It is calculated using the following criteria:

1. 5-year revenue growth rate, the higher, the better.
2. 3-year revenue growth rate, the higher, the better.
3. 5-year EBITDA growth rate, the higher, the better.
4. The predictability of 5-year revenue. The most consistent it is, the higher the rank.

GuruFocus found that the Growth Rank is the second of the two most-sensitive parameters among the five parameters checked. Please click GF Score to see more details on GF Score's 5 Key Aspects of Analysis.

Please note that we are using the five-year EBITDA growth rate as a parameter, so the company needs to have had positive growth over that time. The reason we use EBITDA instead of earnings per share is that with EBITDA, we can rank a lot more companies since a company may have positive EBITDA but negative EPS. Since we are looking at the growth here, EBITDA gives us a pretty clear picture about the growth in the company's business operations.

Newgrowth Growth Rank Related Terms

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Newgrowth (TSX:NEW.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Newgrowth Corp (TSX:NEW.A) » Definitions » Growth Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 King Street West, P.O. Box 4085, Station A, Scotia Plaza, 26th Floor, Toronto, ON, CAN, M5W 2X6

Website

http://www.scotiamanagedcompanies.com

Newgrowth Corp is a mutual fund corporation incorporated in Canada. The company holds a portfolio consisting of publicly listed common shares of selected Canadian chartered banks, telecommunications, oil and gas and pipeline and utility issuers. The policy of the company is to invest in Portfolio Shares and not engage in trading except in limited circumstances, including to fund retractions or redemptions of Capital Shares and Preferred Shares.

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