What is NextSource Materials Inc.'s (NEXT.TO) StockRank?

MoatMap's StockRank for NextSource Materials Inc. (NEXT.TO) is 2/100, with a Strong Sell signal. This is a composite score combining Quality (8), Value (40), and Momentum (27) factor ranks across MoatMap's 19,000+ stock universe.

Does NextSource Materials Inc. have an economic moat?

NextSource Materials Inc. (NEXT.TO) has a Quality factor score of 8/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is NextSource Materials Inc. a buy, hold, or sell?

MoatMap's current signal for NextSource Materials Inc. (NEXT.TO) is Strong Sell, based on a StockRank of 2/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.

What sector is NextSource Materials Inc. in?

NextSource Materials Inc. (NEXT.TO) operates in the Basic Materials sector, specifically the Other Industrial Metals & Mining industry (Canada).

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NEXT.TO

STRONG SELLREMOVE

NextSource Materials Inc. · Basic Materials · Canada · $68M · Avg Vol: $62K/d

StockRank

P/E (TTM)

—

ROE

-79.5%

D/E

1.1x

Dividend %

—

Director Trades · 180d

None in 180d →

Buybacks · 180d

None in 180d →

AI CONVICTION THESIS

NextSource Materials is developing a graphite project in Madagascar. Although graphite is critical for the energy transition, the company is pre-revenue and highly speculative, failing our quality compounder screen.

COMPANY DESCRIPTION

NextSource Materials Inc. is a strategic materials developer focused on its flagship Molo Graphite Project in Madagascar, one of the world's largest and highest-quality flake graphite deposits. The company's competitive moat lies in its modular, low-capital-expenditure construction methodology and its plans to construct downstream anode material processing facilities. It operates as a near-term producer aiming to become a vertically integrated, non-Chinese supplier of critical battery anode materials to the global electric vehicle market.

FINANCIAL SUMMARY

Year	2021	2022	2023	2024	2025	CAGR
Revenue	0	0	0	0	—	—
EPS	—	0.12	-0.07	-0.04	-0.09	—
Shares	—	98M	102M	155M	156M	+58.7%
Debt	—	8,039	253,363	8M	15M	1140.8%
Equity	—	-19M	-2M	18M	38M	107.5%
Op CF	—	-984,844	-1M	-5M	-6M	—
Inv CF	—	-3M	-10M	-10M	-15M	—
Fin CF	—	20M	1M	13M	24M	—

PRICE (1M)+12.1%

SMA 50SMA 200

$0.27

RSI (14)

44.4

52W High

$0.46

From 52W High

0.6%

SCORE BREAKDOWN

Quality

ROIC (ROA)

-16.6%*15.4

ROE

-79.5%5.7

GP/Assets

-21.3%0.7

Op. Margin

-4620.8%2.1

FCF/Assets

-28.5%10.9

Piotroski

—7.4

Int. Cover

—N/A

D/E Ratio

1.10x10.3

Current Ratio

0.62x5.9

Value

P/E (TTM)

—N/A

EV/EBITDA

-2.9x73.9

P/FCF

—N/A

P/B

1.2x70.4

P/S

53.4x6.6

Div Yield

—N/A

Momentum

52W High %

59%23.5

RS 6M

-24%27.7

SMA 50/200

0.87x10.0

EPS Rev 4W

—N/A

EPS Rev 12W

—N/A

EPS Improve

+71%51.7

Q Growth

—N/A

FUNDAMENTALS

Market Cap

$68M

P/E (Forward)

-4.2x

Gross Margin

0.0%

SECTOR PEERS

Closest peers in Basic Materials, ranked by industry match, size, and score similarity. Cross-listings of NEXT.TO are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
NEXT.TO	NextSource Materials Inc.(you)	$68M	2	STRONG SELL
NWST.V	NorthWest Copper Corp.	$66M	1	STRONG SELL
PSIL.CN	Pacifica Silver Corp.	$64M	0	STRONG SELL
EMO.V	Emerita Resources Corp.	$67M	5	STRONG SELL
PGE.V	Stillwater Critical Minerals Corp.	$77M	1	STRONG SELL
PWM.V	Power Metals Corp.	$77M	0	STRONG SELL
FSY.TO	Forsys Metals Corp.	$64M	8	STRONG SELL
NKG.V	Nevada King Gold Corp.	$65M	9	STRONG SELL
APXC.CN	Apex Critical Metals Corp.	$96M	1	STRONG SELL
DMX.V	District Metals Corp.	$98M	1	STRONG SELL

Peer medians: ROE -12.3% · P/E 15.3x · Gross margin 0.0%

NextSource Materials Inc. (NEXT.TO) — Stock Score Summary

NextSource Materials Inc. (NEXT.TO) has a MoatMap StockRank of 2/100 based on Quality (8/100), Value (40/100), and Momentum (27/100) factor scores. The current signal is STRONG SELL. NextSource Materials is developing a graphite project in Madagascar. Although graphite is critical for the energy transition, the company is pre-revenue and highly speculative, failing our quality compounder screen.

Key Financial Metrics

Price	$0.27
Market Cap	$68M
P/E (Forward)	-4.21
Price/Book	1.15
Return on Equity	-79.5%
Debt/Equity	109.67
Gross Margin	0.0%
Operating Margin	-4620.8%
Revenue Growth	-32.1%
Free Cash Flow	$-14M

NextSource Materials Inc. operates in the Other Industrial Metals & Mining industry, part of the Basic Materials sector (Canada).

Frequently Asked Questions

What is NextSource Materials Inc.’s (NEXT.TO) StockRank?: MoatMap’s StockRank for NextSource Materials Inc. (NEXT.TO) is 2/100, with a Strong Sell signal. It is a composite of Quality (8), Value (40), and Momentum (27) factor ranks across MoatMap’s 19,000+ stock universe.
Does NextSource Materials Inc. have an economic moat?: NextSource Materials Inc. (NEXT.TO) has a Quality factor score of 8/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is NextSource Materials Inc. a buy, hold, or sell?: MoatMap’s current signal for NextSource Materials Inc. (NEXT.TO) is Strong Sell, based on a StockRank of 2/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is NextSource Materials Inc. in?: NextSource Materials Inc. (NEXT.TO) operates in the Basic Materials sector, specifically the Other Industrial Metals & Mining industry (Canada).