NEO : Neo Performance Materials Inc Stock Profile

Last Updated: 3/12/2024 0:47:16

Neo Performance Materials Inc trades with the ticker NEO on the TSX and is in the Specialty Chemicals industry.

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. Its powders are used in the production of bonded permanent magnets that are components in automotive motors, 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.

Looking to invest in Neo Performance Materials Inc? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.

NEO.TO Stock Price and Key Stats

ETF Key Stats

Exchange: TSX

Market Cap : $294.853MM

PE Ratio:

Price: 15.93 (Updated: 3/12/2024 0:47:16)

Neo Performance Materials Inc (NEO) vs Competitors in Specialty Chemicals

Lets see how NEO.TO stacks up against others in the Specialty Chemicals asset management industry. We have identified its main peers as:

Allbanc Split Corp. II, AirBoss of America Corp, EcoSynthetix Inc, 5N Plus Inc


Specialty Chemicals Industry Comparisons

Company Market Cap ($MM) P/E Ratio EV/EBITDA Dividend Yield
Allbanc Split Corp. II (ALB) $28.105 N/A 0.0 2.3%
AirBoss of America Corp (BOS) $141.079 N/A -24.944 5.4%
EcoSynthetix Inc (ECO) $280.148 N/A -72.916 N/A%
Neo Performance Materials Inc (NEO) $294.853 N/A 8.586 5.8%
5N Plus Inc (VNP) $406.268 19.913 12.447 N/A%

EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses
Industry: companies that have a lot in common
Market Cap: Market Capitalization – the total value of all a corporation’s stock
N/A: Not Applicable or Not Available
P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share
Price: Stock Price – current value to buyers and sellers
Dividend Yield: Dividend or Distribution Yield  

Comparisons within Specialty Chemicals

  • Neo Performance Materials Inc (NEO) vs Allbanc Split Corp. II (ALB)
    • NEO has higher EPS (-0.47 vs -3.077). NEO has higher dividend yield (5.8% vs 2.3%). ALB and NEO both have P/E’s under 0.
  • Neo Performance Materials Inc (NEO) vs AirBoss of America Corp (BOS)
    • NEO has higher EPS (-0.47 vs -2.07). NEO has higher dividend yield (5.8% vs 5.4%). BOS and NEO both have P/E’s under 0.
  • Neo Performance Materials Inc (NEO) vs EcoSynthetix Inc (ECO)
    • ECO has higher EPS (-0.07 vs -0.47). NEO provides dividends, while ECO does not. ECO and NEO both have P/E’s under 0.
  • Neo Performance Materials Inc (NEO) vs 5N Plus Inc (VNP)
    • VNP has higher EPS (0.23 vs -0.47). NEO provides dividends, while VNP does not. NEO has a P/E under 0, indicating VNP (P/E 19.913) is in a better position.

Our Recommendation: Hold
Shows positive EPS growth from this year to next, suggesting improving profitability.

How to Buy NEO stock on the TSX

You can buy on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:

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Author Bio - Qayyum Rajan is a CFA Charterholder with 10+ years of finance experience and the co-creator of He has previously worked as a portfolio manager at RBC Dominion Securities and other roles at asset managers like Sentry Investments. He then started building websites and fintech apps to bring finance to everyone.

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