Neo Performance Materials processes rare earth metals, magnets and magnetic powders, which are used in everything from lighting to medical imaging
The dividend yield for Neo Performance Materials is around 5.2 per cent versus a long-term average closer to 3.5 per cent. The S&P TSX composite index screen at the TMX Market Centre in Toronto is photographed on Nov. 11, 2022.It is that time of year again – everyone wants top stock picks for 2025 as they prepare for the year ahead. Neo Performance Materialsis my top Canadian pick for 2025.
Neo Performance is expanding in Europe as well. The company is building a magnet facility in Estonia. So far, the construction is also on time and on budget, with commissioning expected this year. Once the plant is operational, it will produce enough material for 1.5 million electric cars annually before scaling to produce enough material for 4.5 million cars a year.
Geopolitics and the energy transition aside, the enterprise is strong. The balance sheet is robust, and the C-suite has run the finances conservatively for years. Neo Performance holds more cash than debt, has a current ratio around 2.6 to 1, and the share count has been flat since 2017. It has also paid a dividend since 2018, and free cash flows are generally in the green. This cash flow metric suggests management knows how to price their products and make ends meet.
Finally, insider alignment with other owners is high. The organization is supported and over 20-per-cent. In the past 12 months, NEO executives and directors have purchased $658,000 in stock and have not sold a penny. Insider buying is normally a bullish signal, and, in this case, the buying has increased the ownership stake of insiders to around 1.5 per cent.carry risk, and Neo Performance is no exception.
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