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TRX GOLD CORP (TNX.CA) Stock Fundamental Analysis

Canada - TSX:TNX - CA87283P1099 - Common Stock

0.5 CAD
-0.02 (-3.85%)
Last: 3/19/2024, 7:00:00 PM
Fundamental Rating

3

TNX gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 807 industry peers in the Metals & Mining industry. While TNX is still in line with the averages on profitability rating, there are concerns on its financial health. TNX has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

TNX had negative earnings in the past year.
TNX had a positive operating cash flow in the past year.
TNX had negative earnings in 4 of the past 5 years.
In multiple years TNX reported negative operating cash flow during the last 5 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.
The Return On Equity of TNX (3.46%) is better than 89.19% of its industry peers.
The Return On Invested Capital of TNX (7.21%) is better than 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

Looking at the Profit Margin, with a value of 4.87%, TNX belongs to the top of the industry, outperforming 92.14% of the companies in the same industry.
TNX's Operating Margin of 22.61% is amongst the best of the industry. TNX outperforms 95.21% of its industry peers.
TNX has a Gross Margin of 43.66%. This is amongst the best in the industry. TNX outperforms 95.21% of its industry peers.
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.
Compared to 1 year ago, TNX has more shares outstanding
TNX has more shares outstanding than it did 5 years ago.
The debt/assets ratio for TNX is higher compared to a year ago.
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.
TNX has a Altman-Z score (0.62) which is comparable to the rest of the industry.
TNX has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of TNX (0.00) is comparable to the rest of the industry.
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.
TNX has a Current ratio of 0.90. This is in the lower half of the industry: TNX underperforms 68.67% of its industry peers.
TNX has a Quick Ratio of 0.90. This is a bad value and indicates that TNX is not financially healthy enough and could expect problems in meeting its short term obligations.
TNX has a Quick ratio of 0.61. This is in the lower half of the industry: TNX underperforms 71.62% of its industry peers.
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%.
Looking at the last year, TNX shows a very strong growth in Revenue. 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

TNX is valuated cheaply with a Price/Forward Earnings ratio of 7.30.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TNX indicates a rather cheap valuation: TNX is cheaper than 96.07% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.71, TNX is valued rather cheaply.
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

Based on the Enterprise Value to EBITDA ratio, TNX is valued cheaply inside the industry as 91.77% of the companies are valued more expensively.
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