TRX GOLD CORP (TRX.CA) Fundamental Analysis & Valuation

TSX:TRX • CA87283P1099

Current stock price

1.86 CAD
+0.02 (+1.09%)
Last:

This TRX.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. TRX.CA Profitability Analysis

1.1 Basic Checks

  • TRX had negative earnings in the past year.
  • In the past year TRX had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: TRX reported negative net income in multiple years.
  • TRX had a positive operating cash flow in 4 of the past 5 years.
TRX.CA Yearly Net Income VS EBIT VS OCF VS FCFTRX.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10M -10M -20M

1.2 Ratios

  • Looking at the Return On Assets, with a value of -3.44%, TRX is in the better half of the industry, outperforming 75.62% of the companies in the same industry.
  • TRX has a Return On Equity of -8.29%. This is in the better half of the industry: TRX outperforms 66.92% of its industry peers.
  • TRX has a better Return On Invested Capital (18.72%) than 97.26% of its industry peers.
  • TRX had an Average Return On Invested Capital over the past 3 years of 11.37%. This is in line with the industry average of 12.70%.
  • The 3 year average ROIC (11.37%) for TRX is below the current ROIC(18.72%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -3.44%
ROE -8.29%
ROIC 18.72%
ROA(3y)2.83%
ROA(5y)-0.36%
ROE(3y)4.47%
ROE(5y)0.07%
ROIC(3y)11.37%
ROIC(5y)N/A
TRX.CA Yearly ROA, ROE, ROICTRX.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -50 -100 -150

1.3 Margins

  • TRX's Operating Margin of 35.76% is amongst the best of the industry. TRX outperforms 95.02% of its industry peers.
  • TRX's Operating Margin has improved in the last couple of years.
  • With an excellent Gross Margin value of 47.46%, TRX belongs to the best of the industry, outperforming 93.66% of the companies in the same industry.
  • TRX's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 35.76%
PM (TTM) N/A
GM 47.46%
OM growth 3Y108.79%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-12.57%
GM growth 5YN/A
TRX.CA Yearly Profit, Operating, Gross MarginsTRX.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. TRX.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), TRX is creating some value.
  • Compared to 1 year ago, TRX has more shares outstanding
  • TRX has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, TRX has a worse debt to assets ratio.
TRX.CA Yearly Shares OutstandingTRX.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
TRX.CA Yearly Total Debt VS Total AssetsTRX.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M

2.2 Solvency

  • An Altman-Z score of 3.24 indicates that TRX is not in any danger for bankruptcy at the moment.
  • TRX's Altman-Z score of 3.24 is in line compared to the rest of the industry. TRX outperforms 50.62% of its industry peers.
  • The Debt to FCF ratio of TRX is 1.08, which is an excellent value as it means it would take TRX, only 1.08 years of fcf income to pay off all of its debts.
  • TRX has a better Debt to FCF ratio (1.08) than 92.79% of its industry peers.
  • TRX has a Debt/Equity ratio of 0.05. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of TRX (0.05) is worse than 60.45% of its industry peers.
  • Although TRX's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 1.08
Altman-Z 3.24
ROIC/WACC1.65
WACC11.34%
TRX.CA Yearly LT Debt VS Equity VS FCFTRX.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M 40M

2.3 Liquidity

  • A Current Ratio of 1.09 indicates that TRX should not have too much problems paying its short term obligations.
  • TRX's Current ratio of 1.09 is on the low side compared to the rest of the industry. TRX is outperformed by 60.95% of its industry peers.
  • A Quick Ratio of 0.56 indicates that TRX may have some problems paying its short term obligations.
  • TRX has a worse Quick ratio (0.56) than 68.16% of its industry peers.
Industry RankSector Rank
Current Ratio 1.09
Quick Ratio 0.56
TRX.CA Yearly Current Assets VS Current LiabilitesTRX.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M 25M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. TRX.CA Growth Analysis

3.1 Past

  • The earnings per share for TRX have decreased strongly by -198.71% in the last year.
  • The Revenue has grown by 58.53% in the past year. This is a very strong growth!
  • The Revenue has been growing by 56.29% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-198.71%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-527.27%
Revenue 1Y (TTM)58.53%
Revenue growth 3Y56.29%
Revenue growth 5YN/A
Sales Q2Q%100.49%

3.2 Future

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • Based on estimates for the next years, TRX will show a very strong growth in Revenue. The Revenue will grow by 95.55% on average per year.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year82.32%
Revenue Next 2Y95.55%
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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
TRX.CA Yearly Revenue VS EstimatesTRX.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2022 2023 2024 2025 2026 2027 50M 100M 150M 200M
TRX.CA Yearly EPS VS EstimatesTRX.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 0 0.05 0.1 0.15 0.2

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Find the best growth stocksShow best growing peers

5

4. TRX.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for TRX. In the last year negative earnings were reported.
  • Based on the Price/Forward Earnings ratio of 6.68, the valuation of TRX can be described as very cheap.
  • TRX's Price/Forward Earnings ratio is rather cheap when compared to the industry. TRX is cheaper than 95.27% of the companies in the same industry.
  • TRX is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.51, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 6.68
TRX.CA Price Earnings VS Forward Price EarningsTRX.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 -50 -100 -150

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TRX indicates a rather cheap valuation: TRX is cheaper than 91.92% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, TRX is valued cheaply inside the industry as 90.55% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 100.76
EV/EBITDA 14.44
TRX.CA Per share dataTRX.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.1 0.2 0.3

4.3 Compensation for Growth

  • TRX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. TRX.CA Dividend Analysis

5.1 Amount

  • TRX does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

TRX.CA Fundamentals: All Metrics, Ratios and Statistics

TRX GOLD CORP

TSX:TRX (3/25/2026, 7:00:00 PM)

1.86

+0.02 (+1.09%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)01-14
Earnings (Next)04-13
Inst Owners4.06%
Inst Owner ChangeN/A
Ins Owners2.03%
Ins Owner ChangeN/A
Market Cap586.48M
Revenue(TTM)70.20M
Net Income(TTM)-4.46M
Analysts80
Price Target2.6 (39.78%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)-86.8%
Min EPS beat(2)-139.6%
Max EPS beat(2)-33.99%
EPS beat(4)0
Avg EPS beat(4)-118.15%
Min EPS beat(4)-199.01%
Max EPS beat(4)-33.99%
EPS beat(8)0
Avg EPS beat(8)-115.26%
EPS beat(12)0
Avg EPS beat(12)-110.18%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)7.71%
Min Revenue beat(2)0.14%
Max Revenue beat(2)15.28%
Revenue beat(4)2
Avg Revenue beat(4)-11.61%
Min Revenue beat(4)-34.44%
Max Revenue beat(4)15.28%
Revenue beat(8)2
Avg Revenue beat(8)-15.85%
Revenue beat(12)2
Avg Revenue beat(12)-16.21%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)26.88%
PT rev (3m)37.29%
EPS NQ rev (1m)40%
EPS NQ rev (3m)40%
EPS NY rev (1m)3.57%
EPS NY rev (3m)55.35%
Revenue NQ rev (1m)11.5%
Revenue NQ rev (3m)-4.63%
Revenue NY rev (1m)0%
Revenue NY rev (3m)35.4%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 6.68
P/S 6.06
P/FCF 100.76
P/OCF 23.75
P/B 7.91
P/tB 7.91
EV/EBITDA 14.44
EPS(TTM)-0.01
EYN/A
EPS(NY)0.28
Fwd EY14.97%
FCF(TTM)0.02
FCFY0.99%
OCF(TTM)0.08
OCFY4.21%
SpS0.31
BVpS0.24
TBVpS0.24
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -3.44%
ROE -8.29%
ROCE 26.01%
ROIC 18.72%
ROICexc 20.69%
ROICexgc 20.69%
OM 35.76%
PM (TTM) N/A
GM 47.46%
FCFM 6.02%
ROA(3y)2.83%
ROA(5y)-0.36%
ROE(3y)4.47%
ROE(5y)0.07%
ROIC(3y)11.37%
ROIC(5y)N/A
ROICexc(3y)12.66%
ROICexc(5y)N/A
ROICexgc(3y)12.66%
ROICexgc(5y)N/A
ROCE(3y)15.8%
ROCE(5y)N/A
ROICexgc growth 3Y166.22%
ROICexgc growth 5YN/A
ROICexc growth 3Y166.22%
ROICexc growth 5YN/A
OM growth 3Y108.79%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-12.57%
GM growth 5YN/A
F-Score5
Asset Turnover0.54
Health
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 1.08
Debt/EBITDA 0.1
Cap/Depr 338.26%
Cap/Sales 19.51%
Interest Coverage 250
Cash Conversion 61.47%
Profit Quality N/A
Current Ratio 1.09
Quick Ratio 0.56
Altman-Z 3.24
F-Score5
WACC11.34%
ROIC/WACC1.65
Cap/Depr(3y)756.49%
Cap/Depr(5y)3523.26%
Cap/Sales(3y)34.48%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-198.71%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-527.27%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)58.53%
Revenue growth 3Y56.29%
Revenue growth 5YN/A
Sales Q2Q%100.49%
Revenue Next Year82.32%
Revenue Next 2Y95.55%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y93.93%
EBIT growth 3Y226.33%
EBIT growth 5YN/A
EBIT Next Year322.31%
EBIT Next 3Y82.17%
EBIT Next 5Y50.54%
FCF growth 1Y1399.38%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y13.28%
OCF growth 3Y76.52%
OCF growth 5YN/A

TRX GOLD CORP / TRX.CA Fundamental Analysis FAQ

What is the ChartMill fundamental rating of TRX GOLD CORP (TRX.CA) stock?

ChartMill assigns a fundamental rating of 5 / 10 to TRX.CA.


Can you provide the valuation status for TRX GOLD CORP?

ChartMill assigns a valuation rating of 5 / 10 to TRX GOLD CORP (TRX.CA). This can be considered as Fairly Valued.


How profitable is TRX GOLD CORP (TRX.CA) stock?

TRX GOLD CORP (TRX.CA) has a profitability rating of 6 / 10.