TRX GOLD CORP (TRX.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:TRX • CA87283P1099

2.5 CAD
+0.53 (+26.9%)
Last: Feb 9, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Overall TRX gets a fundamental rating of 5 out of 10. We evaluated TRX against 812 industry peers in the Metals & Mining industry. TRX has an average financial health and profitability rating. TRX has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year TRX has reported negative net income.
  • TRX had a positive operating cash flow in the past year.
  • In multiple years TRX reported negative net income over the last 5 years.
  • Of the past 5 years TRX 4 years had a positive operating cash flow.
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

  • TRX has a Return On Assets of -3.44%. This is in the better half of the industry: TRX outperforms 76.35% of its industry peers.
  • Looking at the Return On Equity, with a value of -8.29%, TRX is in the better half of the industry, outperforming 68.10% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 18.72%, TRX belongs to the top of the industry, outperforming 97.78% of the companies in the same industry.
  • 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 12.05%.
  • The last Return On Invested Capital (18.72%) for TRX is above the 3 year average (11.37%), which is a sign of increasing profitability.
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

  • With an excellent Operating Margin value of 35.76%, TRX belongs to the best of the industry, outperforming 95.32% of the companies in the same industry.
  • In the last couple of years the Operating Margin of TRX has grown nicely.
  • TRX's Gross Margin of 47.46% is amongst the best of the industry. TRX outperforms 94.95% of its industry peers.
  • 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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5

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), TRX is creating value.
  • Compared to 1 year ago, TRX has more shares outstanding
  • The number of shares outstanding for TRX has been increased compared to 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 3.48 indicates that TRX is not in any danger for bankruptcy at the moment.
  • TRX has a Altman-Z score of 3.48. This is comparable to the rest of the industry: TRX outperforms 49.63% of its industry peers.
  • TRX has a debt to FCF ratio of 1.08. This is a very positive value and a sign of high solvency as it would only need 1.08 years to pay back of all of its debts.
  • TRX has a better Debt to FCF ratio (1.08) than 93.84% of its industry peers.
  • A Debt/Equity ratio of 0.05 indicates that TRX is not too dependend on debt financing.
  • The Debt to Equity ratio of TRX (0.05) is worse than 60.47% of its industry peers.
  • Although TRX does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. 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 3.48
ROIC/WACC1.8
WACC10.38%
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

  • TRX has a Current Ratio of 1.09. This is a normal value and indicates that TRX is financially healthy and should not expect problems in meeting its short term obligations.
  • TRX's Current ratio of 1.09 is in line compared to the rest of the industry. TRX outperforms 41.50% of its industry peers.
  • TRX has a Quick Ratio of 1.09. This is a bad value and indicates that TRX is not financially healthy enough and could expect problems in meeting its short term obligations.
  • TRX's Quick ratio of 0.56 is on the low side compared to the rest of the industry. TRX is outperformed by 66.26% 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. Growth

3.1 Past

  • TRX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -198.71%.
  • 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.
  • TRX is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 71.40% yearly.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year103.23%
Revenue Next 2Y71.4%
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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
TRX.CA Yearly Revenue VS EstimatesTRX.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2022 2023 2024 2025 2026 2027 50M 100M 150M
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. Valuation

4.1 Price/Earnings Ratio

  • TRX reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • The Price/Forward Earnings ratio is 9.06, which indicates a very decent valuation of TRX.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of TRX indicates a rather cheap valuation: TRX is cheaper than 95.57% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.86. TRX is valued rather cheaply when compared to this.
Industry RankSector Rank
PE N/A
Fwd PE 9.06
TRX.CA Price Earnings VS Forward Price EarningsTRX.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -50 -100 -150 -200

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, TRX is valued cheaper than 92.98% of the companies in the same industry.
  • 91.13% of the companies in the same industry are more expensive than TRX, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 123.83
EV/EBITDA 15.49
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. Dividend

5.1 Amount

  • No dividends for TRX!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

TRX GOLD CORP

TSX:TRX (2/9/2026, 7:00:00 PM)

2.5

+0.53 (+26.9%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)01-14
Earnings (Next)04-13
Inst Owners2.48%
Inst Owner ChangeN/A
Ins Owners1.84%
Ins Owner ChangeN/A
Market Cap714.65M
Revenue(TTM)70.20M
Net Income(TTM)-4.46M
Analysts80
Price Target2.05 (-18%)
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)-0.12%
PT rev (3m)19.25%
EPS NQ rev (1m)0%
EPS NQ rev (3m)150%
EPS NY rev (1m)-22.22%
EPS NY rev (3m)49.99%
Revenue NQ rev (1m)-0.56%
Revenue NQ rev (3m)48.17%
Revenue NY rev (1m)0%
Revenue NY rev (3m)50.93%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 9.06
P/S 7.45
P/FCF 123.83
P/OCF 29.18
P/B 9.72
P/tB 9.72
EV/EBITDA 15.49
EPS(TTM)-0.01
EYN/A
EPS(NY)0.28
Fwd EY11.04%
FCF(TTM)0.02
FCFY0.81%
OCF(TTM)0.09
OCFY3.43%
SpS0.34
BVpS0.26
TBVpS0.26
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 3.48
F-Score5
WACC10.38%
ROIC/WACC1.8
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 Year103.23%
Revenue Next 2Y71.4%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y93.93%
EBIT growth 3Y226.33%
EBIT growth 5YN/A
EBIT Next YearN/A
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 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.