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TRX GOLD CORP (TNX.CA) Stock Fundamental Analysis

TSX:TNX - Toronto Stock Exchange - CA87283P1099 - Common Stock - Currency: CAD

0.5  -0.02 (-3.85%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to TNX. TNX was compared to 811 industry peers in the Metals & Mining industry. There are concerns on the financial health of TNX while its profitability can be described as average. TNX is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

TNX had negative earnings in the past year.
In the past year TNX had a positive cash flow from operations.
In the past 5 years TNX reported 4 times negative net income.
The reported operating cash flow has been mixed in the past 5 years: TNX reported negative operating cash flow in multiple years.
TNX.CA Yearly Net Income VS EBIT VS OCF VS FCFTNX.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10M -10M -20M

1.2 Ratios

The Return On Assets of TNX (2.13%) is better than 88.45% of its industry peers.
With an excellent Return On Equity value of 3.46%, TNX belongs to the best of the industry, outperforming 89.19% of the companies in the same industry.
TNX has a Return On Invested Capital of 7.21%. This is amongst the best in the industry. TNX outperforms 95.09% of its industry peers.
Industry RankSector Rank
ROA 2.13%
ROE 3.46%
ROIC 7.21%
ROA(3y)-0.64%
ROA(5y)-22.36%
ROE(3y)0%
ROE(5y)-41.02%
ROIC(3y)N/A
ROIC(5y)N/A
TNX.CA Yearly ROA, ROE, ROICTNX.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -50 -100 -150

1.3 Margins

With an excellent Profit Margin value of 4.87%, TNX belongs to the best of the industry, outperforming 92.14% of the companies in the same industry.
Looking at the Operating Margin, with a value of 22.61%, TNX belongs to the top of the industry, outperforming 95.21% of the companies in the same industry.
Looking at the Gross Margin, with a value of 43.66%, TNX belongs to the top of the industry, outperforming 95.21% of the companies in the same industry.
Industry RankSector Rank
OM 22.61%
PM (TTM) 4.87%
GM 43.66%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
TNX.CA Yearly Profit, Operating, Gross MarginsTNX.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 40 60

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1

2. Health

2.1 Basic Checks

TNX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for TNX has been increased compared to 1 year ago.
The number of shares outstanding for TNX has been increased compared to 5 years ago.
Compared to 1 year ago, TNX has a worse debt to assets ratio.
TNX.CA Yearly Shares OutstandingTNX.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M
TNX.CA Yearly Total Debt VS Total AssetsTNX.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M

2.2 Solvency

Based on the Altman-Z score of 0.62, we must say that TNX is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of TNX (0.62) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.00 indicates that TNX is not too dependend on debt financing.
TNX's Debt to Equity ratio of 0.00 is in line compared to the rest of the industry. TNX outperforms 57.99% of its industry peers.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 0.62
ROIC/WACC0.92
WACC7.87%
TNX.CA Yearly LT Debt VS Equity VS FCFTNX.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20M 40M

2.3 Liquidity

A Current Ratio of 0.90 indicates that TNX may have some problems paying its short term obligations.
With a Current ratio value of 0.90, TNX is not doing good in the industry: 68.67% of the companies in the same industry are doing better.
A Quick Ratio of 0.61 indicates that TNX may have some problems paying its short term obligations.
With a Quick ratio value of 0.61, TNX is not doing good in the industry: 71.62% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.9
Quick Ratio 0.61
TNX.CA Yearly Current Assets VS Current LiabilitesTNX.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M

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3

3. Growth

3.1 Past

TNX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -100.00%.
TNX shows a strong growth in Revenue. In the last year, the Revenue has grown by 53.22%.
EPS 1Y (TTM)-100%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-100.7%
Revenue 1Y (TTM)53.22%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-3.25%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
The Revenue is expected to grow by 18.59% on average over the next years. This is quite good.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year20.48%
Revenue Next 2Y18.59%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
TNX.CA Yearly Revenue VS EstimatesTNX.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2022 2023 2024 2025 10M 20M 30M 40M 50M
TNX.CA Yearly EPS VS EstimatesTNX.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 0 0.02 -0.02 0.04

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3

4. Valuation

4.1 Price/Earnings Ratio

A Price/Forward Earnings ratio of 7.30 indicates a rather cheap valuation of TNX.
TNX's Price/Forward Earnings ratio is rather cheap when compared to the industry. TNX is cheaper than 96.07% of the companies in the same industry.
TNX's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.49.
Industry RankSector Rank
PE N/A
Fwd PE 7.3
TNX.CA Price Earnings VS Forward Price EarningsTNX.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

91.77% of the companies in the same industry are more expensive than TNX, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.17
TNX.CA Per share dataTNX.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.05 0.1 0.15 0.2 0.25

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

TNX does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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TRX GOLD CORP

TSX:TNX (3/19/2024, 7:00:00 PM)

0.5

-0.02 (-3.85%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)N/A N/A
Earnings (Next)01-13 2022-01-13
Inst Owners0.05%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap138.44M
Analysts80
Price Target1.77 (254%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-100%
Min EPS beat(2)-100%
Max EPS beat(2)-100%
EPS beat(4)0
Avg EPS beat(4)-100%
Min EPS beat(4)-100%
Max EPS beat(4)-100%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-14.97%
Min Revenue beat(2)-18.77%
Max Revenue beat(2)-11.18%
Revenue beat(4)0
Avg Revenue beat(4)-16.93%
Min Revenue beat(4)-19.06%
Max Revenue beat(4)-11.18%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)1.75%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-50%
EPS NY rev (1m)0%
EPS NY rev (3m)-40%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.51%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-10.16%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 7.3
P/S 2.68
P/FCF N/A
P/OCF 6.45
P/B 1.91
P/tB 1.91
EV/EBITDA 9.17
EPS(TTM)0
EYN/A
EPS(NY)0.07
Fwd EY13.71%
FCF(TTM)0
FCFYN/A
OCF(TTM)0.08
OCFY15.51%
SpS0.19
BVpS0.26
TBVpS0.26
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 2.13%
ROE 3.46%
ROCE 12.66%
ROIC 7.21%
ROICexc 8.21%
ROICexgc 8.21%
OM 22.61%
PM (TTM) 4.87%
GM 43.66%
FCFM N/A
ROA(3y)-0.64%
ROA(5y)-22.36%
ROE(3y)0%
ROE(5y)-41.02%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.44
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA 0
Cap/Depr 992.26%
Cap/Sales 42.47%
Interest Coverage 250
Cash Conversion 154.74%
Profit Quality N/A
Current Ratio 0.9
Quick Ratio 0.61
Altman-Z 0.62
F-Score5
WACC7.87%
ROIC/WACC0.92
Cap/Depr(3y)5551.64%
Cap/Depr(5y)4145.9%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-100%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-100.7%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)53.22%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-3.25%
Revenue Next Year20.48%
Revenue Next 2Y18.59%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y37.1%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year750.81%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y98.3%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y281.2%
OCF growth 3YN/A
OCF growth 5YN/A