TRX Gold EBITDA vs. Price To Book
| TNX Stock | CAD 45.70 0.76 1.69% |
EBITDA | First Reported 2010-12-31 | Previous Quarter 10.7 M | Current Value 11.3 M | Quarterly Volatility 7.2 M |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.56 | 0.4356 |
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For TRX Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of TRX Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well TRX Gold Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between TRX Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of TRX Gold Corp over time as well as its relative position and ranking within its peers.
TRX |
TRX Gold Corp Price To Book vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining TRX Gold's current stock value. Our valuation model uses many indicators to compare TRX Gold value to that of its competitors to determine the firm's financial worth. TRX Gold Corp is currently regarded as top stock in ebitda category among its peers. It is rated third in price to book category among its peers . The ratio of EBITDA to Price To Book for TRX Gold Corp is about 6,976,255 . At this time, TRX Gold's EBITDA is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value TRX Gold by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for TRX Gold's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.TRX Price To Book vs. EBITDA
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
TRX Gold |
| = | 11.93 M |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
TRX Gold |
| = | 1.71 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
TRX Price To Book Comparison
TRX Gold is currently under evaluation in price to book category among its peers.
TRX Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in TRX Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, TRX Gold will eventually generate negative long term returns. The profitability progress is the general direction of TRX Gold's change in net profit over the period of time. It can combine multiple indicators of TRX Gold, 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 Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -876 K | -832.2 K | |
| Operating Income | 9.5 M | 10 M | |
| Income Before Tax | 11.1 M | 11.7 M | |
| Total Other Income Expense Net | 1.6 M | 1.7 M | |
| Net Income | 6.3 M | 6.7 M | |
| Income Tax Expense | 6.1 M | 6.4 M | |
| Net Income From Continuing Ops | 8.1 M | 8.5 M | |
| Net Loss | -5.6 M | -5.9 M | |
| Interest Income | 2.5 M | 3.1 M | |
| Net Interest Income | -2 M | -2.1 M | |
| Change To Netincome | 9.9 M | 10.4 M | |
| Income Quality | 4.36 | 4.58 | |
| Net Loss | (0.05) | (0.04) |
TRX Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on TRX Gold. 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 TRX Gold 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 TRX Gold's important profitability drivers and their relationship over time.
Use TRX Gold 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 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.TRX Gold Pair Trading
TRX Gold Corp Pair Trading Analysis
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.Use Investing Themes to Complement your TRX Gold position
In addition to having TRX Gold 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.Did You Try This Idea?
Run Candy and Soda Thematic Idea Now
Candy and Soda
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Candy and Soda theme has 13 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 Candy and Soda Theme or any other thematic opportunities.
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Other Information on Investing in TRX Stock
To fully project TRX Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of TRX Gold Corp 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 TRX Gold's income statement, its balance sheet, and the statement of cash flows.