DRDGOLD Limited Shares Owned By Institutions vs. Shares Outstanding

DRD Stock  USD 9.66  0.14  1.43%   
Based on the measurements of profitability obtained from DRDGOLD Limited's financial statements, DRDGOLD Limited ADR is performing exceptionally good at the present time. It has a great likelihood to showcase excellent profitability results in January. Profitability indicators assess DRDGOLD Limited's ability to earn profits and add value for shareholders. At present, DRDGOLD Limited's EV To Sales is projected to increase slightly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.04, whereas Days Sales Outstanding is forecasted to decline to 18.07. At present, DRDGOLD Limited's Income Before Tax is projected to increase significantly based on the last few years of reporting. The current year's Total Other Income Expense Net is expected to grow to about 214.6 M, whereas Interest Income is forecasted to decline to about 96.4 M.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.30.29
Sufficiently Up
Slightly volatile
For DRDGOLD Limited profitability analysis, we use financial ratios and fundamental drivers that measure the ability of DRDGOLD Limited to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well DRDGOLD Limited ADR utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between DRDGOLD Limited's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of DRDGOLD Limited ADR over time as well as its relative position and ranking within its peers.
  
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Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DRDGOLD Limited. If investors know DRDGOLD will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DRDGOLD Limited listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.01)
Dividend Share
4
Earnings Share
0.85
Revenue Per Share
72.45
Quarterly Revenue Growth
0.149
The market value of DRDGOLD Limited ADR is measured differently than its book value, which is the value of DRDGOLD that is recorded on the company's balance sheet. Investors also form their own opinion of DRDGOLD Limited's value that differs from its market value or its book value, called intrinsic value, which is DRDGOLD Limited's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DRDGOLD Limited's market value can be influenced by many factors that don't directly affect DRDGOLD Limited's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DRDGOLD Limited's value and its price as these two are different measures arrived at by different means. Investors typically determine if DRDGOLD Limited is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DRDGOLD Limited's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

DRDGOLD Limited ADR Shares Outstanding vs. Shares Owned By Institutions Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining DRDGOLD Limited's current stock value. Our valuation model uses many indicators to compare DRDGOLD Limited value to that of its competitors to determine the firm's financial worth.
DRDGOLD Limited ADR is rated below average in shares owned by institutions category among its peers. It is rated below average in shares outstanding category among its peers creating about  6,286,937  of Shares Outstanding per Shares Owned By Institutions. The current year's Common Stock Shares Outstanding is expected to grow to about 908.8 M. Comparative valuation analysis is a catch-all technique that is used if you cannot value DRDGOLD Limited by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

DRDGOLD Shares Outstanding vs. Shares Owned By Institutions

Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.

DRDGOLD Limited

Shares Held by Institutions

 = 

Funds and Banks

+

Firms

 = 
13.70 %
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

DRDGOLD Limited

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
86.15 M
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.

DRDGOLD Shares Outstanding Comparison

DRDGOLD Limited is currently under evaluation in shares outstanding category among its peers.

DRDGOLD Limited Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in DRDGOLD Limited, profitability is also one of the essential criteria for including it into their portfolios because, without profit, DRDGOLD Limited will eventually generate negative long term returns. The profitability progress is the general direction of DRDGOLD Limited's change in net profit over the period of time. It can combine multiple indicators of DRDGOLD Limited, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income-5.6 B-5.3 B
Operating Income1.6 B1.7 B
Income Before Tax1.8 B1.9 B
Total Other Income Expense Net204.4 M214.6 M
Net Income1.3 B1.4 B
Income Tax Expense488.2 M512.6 M
Net Income Applicable To Common Shares1.5 B1.5 B
Net Income From Continuing Ops1.3 B1.4 B
Interest Income155.7 M96.4 M
Net Interest Income166.3 M174.6 M
Change To Netincome129.4 M135.8 M
Net Income Per Share 1.54  1.08 
Income Quality 1.39  1.46 
Net Income Per E B T 0.73  0.69 

DRDGOLD Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on DRDGOLD Limited. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of DRDGOLD Limited position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the DRDGOLD Limited's important profitability drivers and their relationship over time.

Use DRDGOLD Limited in pair-trading

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 DRDGOLD Limited 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 DRDGOLD Limited will appreciate offsetting losses from the drop in the long position's value.

DRDGOLD Limited Pair Trading

DRDGOLD Limited ADR Pair Trading Analysis

The ability to find closely correlated positions to DRDGOLD Limited could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DRDGOLD Limited 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 DRDGOLD Limited - 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 DRDGOLD Limited ADR to buy it.
The correlation of DRDGOLD Limited 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 DRDGOLD Limited moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DRDGOLD Limited ADR 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 DRDGOLD Limited 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your DRDGOLD Limited position

In addition to having DRDGOLD Limited in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Aluminum
Aluminum Theme
Companies involved in production of aluminum. The Aluminum theme has 42 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Aluminum Theme or any other thematic opportunities.
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When determining whether DRDGOLD Limited ADR is a strong investment it is important to analyze DRDGOLD Limited's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact DRDGOLD Limited's future performance. For an informed investment choice regarding DRDGOLD Stock, refer to the following important reports:
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You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
To fully project DRDGOLD Limited's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of DRDGOLD Limited ADR at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include DRDGOLD Limited's income statement, its balance sheet, and the statement of cash flows.
Potential DRDGOLD Limited investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although DRDGOLD Limited investors may work on each financial statement separately, they are all related. The changes in DRDGOLD Limited's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on DRDGOLD Limited's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.