Trx Gold Corp Stock Operating Margin
| TNX Stock | CAD 42.42 0.64 1.53% |
TRX Gold Corp fundamentals help investors to digest information that contributes to TRX Gold's financial success or failures. It also enables traders to predict the movement of TRX Stock. The fundamental analysis module provides a way to measure TRX Gold's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to TRX Gold stock.
| Last Reported | Projected for Next Year | ||
| Operating Profit Margin | 0.25 | 0.26 |
TRX | Operating Margin |
TRX Gold Corp Company Operating Margin Analysis
TRX Gold's Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Current TRX Gold Operating Margin | 0.23 % |
Most of TRX Gold's fundamental indicators, such as Operating Margin, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, TRX Gold Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
TRX Operating Margin Driver Correlations
Understanding the fundamental principles of building solid financial models for TRX Gold is extremely important. It helps to project a fair market value of TRX Stock properly, considering its historical fundamentals such as Operating Margin. Since TRX Gold's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of TRX Gold's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of TRX Gold's interrelated accounts and indicators.
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A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
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TRX Pretax Profit Margin
Pretax Profit Margin |
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Based on the recorded statements, TRX Gold Corp has an Operating Margin of 0.2299%. This is 115.75% lower than that of the Metals & Mining sector and 97.02% lower than that of the Materials industry. The operating margin for all Canada stocks is 104.17% lower than that of the firm.
TRX Operating Margin Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses TRX Gold's direct or indirect competition against its Operating Margin to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of TRX Gold could also be used in its relative valuation, which is a method of valuing TRX Gold by comparing valuation metrics of similar companies.TRX Gold is currently under evaluation in operating margin category among its peers.
TRX Gold Current Valuation Drivers
We derive many important indicators used in calculating different scores of TRX Gold from analyzing TRX Gold's financial statements. These drivers represent accounts that assess TRX Gold's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of TRX Gold's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 142.2M | 96.3M | 128.6M | 110.6M | 127.2M | 120.8M | |
| Enterprise Value | 143.0M | 82.9M | 120.1M | 103.1M | 118.5M | 112.6M |
TRX Fundamentals
| Return On Equity | 0.0311 | ||||
| Return On Asset | 0.0673 | ||||
| Profit Margin | (0.06) % | ||||
| Operating Margin | 0.23 % | ||||
| Current Valuation | 111.76 M | ||||
| Shares Outstanding | 279.15 M | ||||
| Shares Owned By Insiders | 2.10 % | ||||
| Shares Owned By Institutions | 1.10 % | ||||
| Number Of Shares Shorted | 28.16 K | ||||
| Price To Earning | (4.35) X | ||||
| Price To Book | 1.71 X | ||||
| Price To Sales | 3.38 X | ||||
| Revenue | 38.32 M | ||||
| Gross Profit | 9.5 M | ||||
| EBITDA | 11.93 M | ||||
| Net Income | 7.04 M | ||||
| Cash And Equivalents | 1.16 M | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 101 K | ||||
| Debt To Equity | 19.40 % | ||||
| Current Ratio | 0.16 X | ||||
| Book Value Per Share | 0.19 X | ||||
| Cash Flow From Operations | 17.33 M | ||||
| Short Ratio | 1.95 X | ||||
| Target Price | 1.97 | ||||
| Number Of Employees | 130 | ||||
| Beta | 0.55 | ||||
| Market Capitalization | 128.41 M | ||||
| Total Asset | 84.2 M | ||||
| Retained Earnings | (121.42 M) | ||||
| Working Capital | (617 K) | ||||
| Net Asset | 84.2 M |
About TRX Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze TRX Gold Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TRX Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TRX Gold Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with TRX Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if TRX Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in TRX Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with TRX Stock
Moving against TRX Stock
The ability to find closely correlated positions to TRX Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TRX Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back TRX Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling TRX Gold Corp to buy it.
The correlation of TRX Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TRX Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TRX Gold Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for TRX Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in TRX Stock
TRX Gold financial ratios help investors to determine whether TRX Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in TRX with respect to the benefits of owning TRX Gold security.