Gold Resource Corporation (GORO) vs TRX Gold Corporation (TRX)

Gold Resource Corporation and TRX Gold Corporation are both Gold companies. Gold Resource Corporation is the larger, with a market value of $498.1M against $308.4M — 1.6× the size. TRX Gold Corporation has negative trailing earnings, so its P/E is not meaningful; Gold Resource Corporation trades at 54.2×. Gold Resource Corporation grew revenue faster over the last twelve months: 234.6% against 142.1%. Gold Resource Corporation has the higher net margin (24.2% vs −16.7%) and the lower return on invested capital (0.00% vs 35.3%). Across the 18 metrics below, Gold Resource Corporation leads on 14 and TRX Gold Corporation on 4.

Valuation

Metric GORO TRX Gold median
P/E 54.19 n/m 17.98
P/S 1.61 2.69 3.83
P/B n/m 2.57 2.42
Price to free cash flow 20.89 97.68 15.50
EV/EBITDA 2.88 4.65 6.72
EV/Sales 1.55 2.50 3.73
Earnings yield 1.85% (6.38%) 1.19%
Free cash flow yield 4.79% 1.02% 0.81%

Profitability

Metric GORO TRX Gold median
Gross margin 35.22% 58.24% 49.13%
Operating margin 45.20% 47.99% 21.90%
Net margin 24.24% (16.67%) 9.65%
Free cash flow margin 7.70% 2.76% 0.00%
Return on equity 527.59% (20.26%) 0.12%
Return on assets 31.77% (13.45%) 0.10%
Return on invested capital 0.00% 35.29% 0.26%

Growth

Metric GORO TRX Gold median
Revenue growth (TTM) 234.60% 142.07% 68.15%
EPS growth (last fiscal year) 91.80% 0.00% 60.15%
Revenue growth, 5-year CAGR 1.92% — 15.33%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric GORO TRX Gold median
Debt to equity 0.00 0.03 0.03
Current ratio 0.49 2.20 3.34
Net debt to EBITDA (0.81) (0.31) (0.15)

Dividend

Metric GORO TRX Gold median
Dividend yield — — 0.79%
Payout ratio — — 0.15

Size

Metric GORO TRX Gold median
Market cap 498.10m 308.42m 1.12b

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