TRX GOLD CORP (TRX) Fundamental Analysis & Valuation

NYSEARCA:TRX • CA87283P1099

1.79 USD
+0.14 (+8.48%)
At close: Mar 9, 2026
1.8 USD
+0.01 (+0.56%)
Pre-Market: 3/10/2026, 5:47:32 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

Fundamental Rating

5

TRX gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 157 industry peers in the Metals & Mining industry. Both the profitability and the financial health of TRX get a neutral evaluation. Nothing too spectacular is happening here. TRX has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

5

1. TRX 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.
  • Of the past 5 years TRX 4 years had a positive operating cash flow.
TRX Yearly Net Income VS EBIT VS OCF VS FCFTRX 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

  • With a Return On Assets value of -3.44%, TRX perfoms like the industry average, outperforming 42.68% of the companies in the same industry.
  • The Return On Equity of TRX (-8.29%) is comparable to the rest of the industry.
  • TRX's Return On Invested Capital of 20.54% is amongst the best of the industry. TRX outperforms 91.08% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for TRX is in line with the industry average of 11.53%.
  • The 3 year average ROIC (12.48%) for TRX is below the current ROIC(20.54%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -3.44%
ROE -8.29%
ROIC 20.54%
ROA(3y)2.83%
ROA(5y)-0.36%
ROE(3y)4.47%
ROE(5y)0.07%
ROIC(3y)12.48%
ROIC(5y)N/A
TRX Yearly ROA, ROE, ROICTRX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -50 -100 -150

1.3 Margins

  • Looking at the Operating Margin, with a value of 35.76%, TRX belongs to the top of the industry, outperforming 81.53% of the companies in the same industry.
  • TRX's Operating Margin has improved in the last couple of years.
  • With a decent Gross Margin value of 47.46%, TRX is doing good in the industry, outperforming 78.34% of the companies in the same industry.
  • In the last couple of years the Gross Margin of TRX has declined.
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 Yearly Profit, Operating, Gross MarginsTRX 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 Health Analysis

2.1 Basic Checks

  • TRX has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it 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 Yearly Shares OutstandingTRX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
TRX Yearly Total Debt VS Total AssetsTRX 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 4.34 indicates that TRX is not in any danger for bankruptcy at the moment.
  • TRX has a Altman-Z score (4.34) which is comparable to the rest of the industry.
  • 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.
  • Looking at the Debt to FCF ratio, with a value of 1.08, TRX belongs to the top of the industry, outperforming 80.89% of the companies in the same industry.
  • A Debt/Equity ratio of 0.05 indicates that TRX is not too dependend on debt financing.
  • TRX has a better Debt to Equity ratio (0.05) than 63.06% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 1.08
Altman-Z 4.34
ROIC/WACC2.02
WACC10.16%
TRX Yearly LT Debt VS Equity VS FCFTRX 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.
  • The Current ratio of TRX (1.09) is worse than 81.53% of its industry peers.
  • A Quick Ratio of 0.56 indicates that TRX may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.56, TRX is not doing good in the industry: 85.99% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.09
Quick Ratio 0.56
TRX Yearly Current Assets VS Current LiabilitesTRX 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 Growth Analysis

3.1 Past

  • The earnings per share for TRX have decreased strongly by -198.71% in the last year.
  • Looking at the last year, TRX shows a very strong growth in Revenue. The Revenue has grown by 58.53%.
  • TRX shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 56.29% yearly.
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 95.55% yearly.
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 Yearly Revenue VS EstimatesTRX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2022 2023 2024 2025 2026 2027 50M 100M 150M 200M
TRX Yearly EPS VS EstimatesTRX Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 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

4

4. TRX Valuation Analysis

4.1 Price/Earnings Ratio

  • TRX reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • With a Price/Forward Earnings ratio of 8.86, the valuation of TRX can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of TRX indicates a rather cheap valuation: TRX is cheaper than 86.62% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of TRX to the average of the S&P500 Index (24.65), we can say TRX is valued rather cheaply.
Industry RankSector Rank
PE N/A
Fwd PE 8.86
TRX Price Earnings VS Forward Price EarningsTRX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -50 -100 -150

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, TRX is valued a bit cheaper than the industry average as 63.06% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, TRX is valued a bit cheaper than the industry average as 61.78% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 133.65
EV/EBITDA 19.2
TRX Per share dataTRX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.05 0.1 0.15 0.2

4.3 Compensation for Growth

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 Dividend Analysis

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 Fundamentals: All Metrics, Ratios and Statistics

TRX GOLD CORP

NYSEARCA:TRX (3/9/2026, 8:04:00 PM)

Premarket: 1.8 +0.01 (+0.56%)

1.79

+0.14 (+8.48%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)01-14
Earnings (Next)04-13
Inst Owners4.06%
Inst Owner Change54.65%
Ins Owners2.03%
Ins Owner ChangeN/A
Market Cap564.40M
Revenue(TTM)70.20M
Net Income(TTM)-4.46M
Analysts80
Price Target1.86 (3.91%)
Short Float %0.61%
Short Ratio0.23
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)21.67%
PT rev (3m)36.88%
EPS NQ rev (1m)0%
EPS NQ rev (3m)25%
EPS NY rev (1m)3.57%
EPS NY rev (3m)55.35%
Revenue NQ rev (1m)-13.98%
Revenue NQ rev (3m)3.9%
Revenue NY rev (1m)-10.29%
Revenue NY rev (3m)35.4%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 8.86
P/S 8.04
P/FCF 133.65
P/OCF 31.5
P/B 10.49
P/tB 10.49
EV/EBITDA 19.2
EPS(TTM)-0.01
EYN/A
EPS(NY)0.2
Fwd EY11.28%
FCF(TTM)0.01
FCFY0.75%
OCF(TTM)0.06
OCFY3.17%
SpS0.22
BVpS0.17
TBVpS0.17
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 20.54%
ROICexc 22.7%
ROICexgc 22.7%
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)12.48%
ROIC(5y)N/A
ROICexc(3y)14.6%
ROICexc(5y)N/A
ROICexgc(3y)14.88%
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 4.34
F-Score5
WACC10.16%
ROIC/WACC2.02
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 FAQ

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

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


Can you provide the valuation status for TRX GOLD CORP?

ChartMill assigns a valuation rating of 4 / 10 to TRX GOLD CORP (TRX). This can be considered as Fairly Valued.


How profitable is TRX GOLD CORP (TRX) stock?

TRX GOLD CORP (TRX) has a profitability rating of 5 / 10.