TRX GOLD CORP (TRX) Fundamental Analysis & Valuation

NYSEARCA:TRX • CA87283P1099

Current stock price

1.5 USD
+0.24 (+19.05%)
At close:
1.54 USD
+0.04 (+2.67%)
After Hours:

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

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.
  • 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 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

  • TRX has a Return On Assets (-3.44%) which is in line with its industry peers.
  • With a Return On Equity value of -8.29%, TRX perfoms like the industry average, outperforming 44.94% of the companies in the same industry.
  • TRX has a better Return On Invested Capital (20.54%) than 89.87% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for TRX is significantly below the industry average of 61.56%.
  • 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

  • The Operating Margin of TRX (35.76%) is better than 81.65% of its industry peers.
  • TRX's Operating Margin has improved in the last couple of years.
  • TRX has a better Gross Margin (47.46%) than 79.11% of its industry peers.
  • 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

  • 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
  • Compared to 5 years ago, TRX has more shares outstanding
  • 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 3.62 indicates that TRX is not in any danger for bankruptcy at the moment.
  • TRX has a Altman-Z score (3.62) which is comparable to the rest of the industry.
  • 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.
  • The Debt to FCF ratio of TRX (1.08) is better than 81.65% of its industry peers.
  • A Debt/Equity ratio of 0.05 indicates that TRX is not too dependend on debt financing.
  • With a decent Debt to Equity ratio value of 0.05, TRX is doing good in the industry, outperforming 60.76% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 1.08
Altman-Z 3.62
ROIC/WACC1.7
WACC12.08%
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.
  • TRX has a worse Current ratio (1.09) than 81.01% of its industry peers.
  • A Quick Ratio of 0.56 indicates that TRX may have some problems paying its short term obligations.
  • The Quick ratio of TRX (0.56) is worse than 86.08% of its industry peers.
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

  • 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!
  • 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.
  • The Revenue is expected to grow by 95.55% on average over the next years. This is a very strong growth
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

  • The Price/Earnings Ratio is negative for TRX. In the last year negative earnings were reported.
  • With a Price/Forward Earnings ratio of 7.43, the valuation of TRX can be described as very cheap.
  • 89.24% of the companies in the same industry are more expensive than TRX, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.61, TRX is valued rather cheaply.
Industry RankSector Rank
PE N/A
Fwd PE 7.43
TRX Price Earnings VS Forward Price EarningsTRX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -50 -100

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, TRX is valued a bit cheaper than 66.46% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of TRX indicates a somewhat cheap valuation: TRX is cheaper than 64.56% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 112
EV/EBITDA 16.07
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

  • TRX does not give a dividend.
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 (3/31/2026, 8:10:14 PM)

After market: 1.54 +0.04 (+2.67%)

1.5

+0.24 (+19.05%)

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 Cap472.96M
Revenue(TTM)70.20M
Net Income(TTM)-4.46M
Analysts80
Price Target2.26 (50.67%)
Short Float %0.81%
Short Ratio0.29
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)21.23%
PT rev (3m)50.85%
EPS NQ rev (1m)40%
EPS NQ rev (3m)40%
EPS NY rev (1m)3.57%
EPS NY rev (3m)-19.44%
Revenue NQ rev (1m)11.5%
Revenue NQ rev (3m)-4.63%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-10.29%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 7.43
P/S 6.74
P/FCF 112
P/OCF 26.39
P/B 8.79
P/tB 8.79
EV/EBITDA 16.07
EPS(TTM)-0.01
EYN/A
EPS(NY)0.2
Fwd EY13.47%
FCF(TTM)0.01
FCFY0.89%
OCF(TTM)0.06
OCFY3.79%
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 3.62
F-Score5
WACC12.08%
ROIC/WACC1.7
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 Fundamental Analysis FAQ

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

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


What is the valuation status of TRX GOLD CORP (TRX) stock?

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


Can you provide the profitability details for TRX GOLD CORP?

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


How financially healthy is TRX GOLD CORP?

The financial health rating of TRX GOLD CORP (TRX) is 5 / 10.