TRX Gold Corporation
Find Ratings ReportsTRX GOLD CORP's gross profit margin for the first quarter of its fiscal year 2024 has decreased when compared to the same period a year ago. Sales and net income have dropped, although the growth in net income underperformed the average competitor within the subsector, the revenue growth did not. TRX GOLD CORP has weak liquidity. Currently, the Quick Ratio is 0.54 which shows a lack of ability to cover short-term cash needs. The liquidity decreased from the same period a year ago, despite already having weak liquidity to begin with. This would indicate deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has remained unchanged from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q1 FY24 | Q1 FY23 |
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Net Sales ($mil) | 9.4 | 9.72 |
EBITDA ($mil) | 2.0 | 3.71 |
EBIT ($mil) | 1.48 | 3.44 |
Net Income ($mil) | -0.97 | 3.51 |
Balance Sheet | Q1 FY24 | Q1 FY23 |
---|---|---|
Cash & Equiv. ($mil) | 8.33 | 8.93 |
Total Assets ($mil) | 87.06 | 75.34 |
Total Debt ($mil) | 0.08 | 0.14 |
Equity ($mil) | 53.45 | 53.03 |
Profitability | Q1 FY24 | Q1 FY23 |
---|---|---|
Gross Profit Margin | 44.67 | 56.63 |
EBITDA Margin | 21.29 | 38.13 |
Operating Margin | 15.73 | 35.38 |
Sales Turnover | 0.44 | 0.33 |
Return on Assets | -2.55 | -0.9 |
Return on Equity | -4.17 | -1.29 |
Debt | Q1 FY24 | Q1 FY23 |
---|---|---|
Current Ratio | 0.9 | 1.1 |
Debt/Capital | 0.0 | 0.0 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q1 FY24 | Q1 FY23 |
---|---|---|
Shares outstanding (mil) | 279.09 | 276.59 |
Div / share | 0.0 | 0.0 |
EPS | 0.0 | 0.01 |
Book value / share | 0.19 | 0.19 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 284364.0 | 280201.0 |
SELL. TRX GOLD CORP's price-to-book ratio of 2.04 indicates a significant discount versus the S&P 500 average of 4.68 and a discount versus the subsector average of 3.13. The price-to-sales ratio is similar to the S&P 500 average, but it is significantly below the subsector average, indicating a discount. After reviewing these and other key valuation criteria, TRX GOLD CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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TRX NA | Peers 21.33 | TRX 6.87 | Peers 11.36 | |||||||||||||||||||||
Neutral. A lower P/E ratio can signify a less expensive stock or lower growth potential. Ratio not available. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. TRX is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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TRX NA | Peers 14.45 | TRX NA | Peers 2.19 | |||||||||||||||||||||
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential. Ratio not available. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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TRX 2.04 | Peers 3.13 | TRX NA | Peers -3.47 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. TRX is trading at a significant discount to its peers. |
Neutral. Higher earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. The growth rate for TRX is not available. |
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Price/Sales |
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Sales Growth |
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TRX 2.86 | Peers 4.47 | TRX 53.17 | Peers 20.15 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. TRX is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. TRX has a sales growth rate that significantly exceeds its peers. |
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