Torex Gold Resources Inc.
stock CA:TXG (TORONTO)

Alternative ID: CA8910541082

Watch List

Exchange: TORONTO
Sector: Utilities
Industry: Mining
Market Cap: Small (1.3B)
Data in CAD

EPS: 1.54
Current PE: 31.31
BVPS: 16.36
Price/BVPS: 2.98

Hist Grade: B (69.59)
YOY Grade: D (41.41)
Debt/FCF: 0.19
ROIC: -8.0%
PEG: 0.17
PEGY: 0.17

Value Price: 58.76
MOS Price: 29.38
MOS %: 20.5%
Graham Number: 23.79
Graham MOS %: -51.2%
IRT: 7.72

Market Price

48.76

-1.34 -2.7%

as of Mar 22 '23

52 Week Range:

8.07 53.00

Stock Analyzer Tutorials

General Info

type: video (mp4); length: 3:30

Demonstrates how to use Stock Analyzer, shows how to analyze a stock and explains in detail "General Info" section of the Stock Analyzer result page.

Financial Statements

type: video (mp4); length: 5:10

Explains information presented in the Financial Statements section of the S2O Stock Analyzer: financial statements charts, absolute values and growth rates.

Growth Grade and Financial Ratios

type: video (mp4); length: 5:09

Demonstrates how to use Growth Grade & Financial Ratios section; shows the difference between historical and year-over-year Growth Grade on the real life example.

Demonstrates how to use Value Price (intrinsic value) and the Graham Number, MOS (margin of safety) and IRT - Investment Recovery Time; explains 3 different projection models used to compute value price - pessimistic, moderate and optimistic.

Price Charts

type: video (mp4); length: 8:34

Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

General Info

Exchange: TORONTO
Sector: Utilities
Industry: Mining
Market Cap: Small (1.3B)
Inst. Ownership: 70.97%
Insider Ownership: 0.45%
Full Time Employees: 473

Torex Gold Resources Inc. operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property that covers an area of 29,000 hectares located southwest of Mexico City. The company's principal assets include the El Limón Guajes mining complex comprising the El Limón Guajes open pits, the El Limón Guajes underground mine, and the processing plant and related infrastructure, and the Media Luna deposit, which is an advanced stage development project. It also mines for silver, copper, and carbon deposits. The company was formerly known as Gleichen Resources Ltd. and changed its name to Torex Gold Resources Inc. in April 2010. Torex Gold Resources Inc. was incorporated in 1980 and is headquartered in Toronto, Canada.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

You can check "Annual Financial Statements" and "Quarterly Financial Statements" sections for exact numbers and growth rates.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item. A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss. (source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement

Cash Flow Statement

Balance Sheet

Liquidity Ratios

Current Ratio

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity. ROE is sometimes called "return on net worth."

ROIC

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name	Oct '11	Oct '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Equity (BVPS)	0.69	1.03	9.94	10.49	11.83	11.37	11.06	12.13	12.22	12.60	16.36
growth rate		49.3%	865.1%	5.5%	12.8%	-3.9%	-2.7%	9.7%	0.7%	3.1%	29.8%
Earnings BIT	-33.95	-75.31	-58.88	-23.58	-6.18	59.60	27.30	81.90	135.80	207.10	300.30
growth rate		0.0%	0.0%	0.0%	0.0%	100.0%	-54.2%	200.0%	65.8%	52.5%	45.0%
Avg.PE	-17.00	-13.10	-10.59	-10.59	-10.59	-10.59	43.95	43.95	43.95	43.95	43.95
growth rate		0.0%	0.0%	0.0%	0.0%	0.0%	100.0%	0.0%	0.0%	0.0%	0.0%
ROA	-8.01	-12.20	-10.84	-3.92	-2.59	0.27	-1.06	1.90	5.69	8.68	11.30
growth rate		0.0%	0.0%	0.0%	0.0%	100.0%	-100.0%	100.0%	199.5%	52.6%	30.2%
ROE	-10.13	-12.30	-11.22	-4.29	-3.61	0.47	-1.85	3.22	8.93	12.10	14.42
growth rate		0.0%	0.0%	0.0%	0.0%	100.0%	-100.0%	100.0%	177.3%	35.5%	19.2%
ROIC	-10.32	-13.90	-11.42	-4.14	-2.90	1.69	1.20	3.44	6.54	10.62	13.93
growth rate		0.0%	0.0%	0.0%	0.0%	100.0%	-29.0%	186.7%	90.1%	62.4%	31.2%
Cur. Ratio	6.68	46.33	15.40	5.78	2.12	2.72	1.28	1.21	1.40	1.81	2.33
growth rate		593.6%	-66.8%	-62.5%	-63.3%	28.3%	-52.9%	-5.5%	15.7%	29.3%	28.7%
Quick Ratio	5.67	46.01	15.15	5.70	1.50	1.74	0.64	0.87	0.82	1.21	1.63
growth rate		711.5%	-67.1%	-62.4%	-73.7%	16.0%	-63.2%	35.9%	-5.8%	47.6%	34.7%
Leverage	1.26	1.01	1.06	1.12	1.67	1.76	1.72	1.67	1.47	1.32	1.23
growth rate		-19.8%	5.0%	5.7%	49.1%	5.4%	-2.3%	-2.9%	-12.0%	-10.2%	-6.8%
Balance Sheet	Oct '11	Oct '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Acct.Receivable	0.10	0.20	0.22		29.75	21.90	33.10	46.60	38.10	42.00	60.80
growth rate		100.0%	10.5%		1,060.3%	-26.4%	51.1%	40.8%	-18.2%	10.2%	44.8%
Acct.Payable			13.36	11.10	42.39	50.40	50.90	93.40	90.60	119.90	121.40
growth rate				-17.0%	282.1%	18.9%	1.0%	83.5%	-3.0%	32.3%	1.3%
Cur.Assets	42.70	405.20	206.10	101.48	107.05	196.90	151.60	236.10	339.10	371.90	453.90
growth rate		849.0%	-49.1%	-50.8%	5.5%	83.9%	-23.0%	55.7%	43.6%	9.7%	22.1%
Total Assets	249.90	626.40	565.90	773.58	1,121.06	1,206.30	1,168.10	1,271.40	1,229.60	1,252.40	1,358.90
growth rate		150.7%	-9.7%	36.7%	44.9%	7.6%	-3.2%	8.8%	-3.3%	1.9%	8.5%
Cash	36.20	401.10	202.47	99.37	46.06	104.00	44.90	122.20	161.80	174.10	255.70
growth rate		1,008.0%	-49.5%	-50.9%	-53.7%	125.8%	-56.8%	172.2%	32.4%	7.6%	46.9%
Inventory	0.00	0.00		0.17	10.60	53.40	63.10	58.30	129.20	112.20	123.30
growth rate					6,245.5%	403.9%	18.2%	-7.6%	121.6%	-13.2%	9.9%
Cur.Liabilities	6.40	4.80	13.38	17.55	50.39	72.30	118.70	194.50	242.60	205.20	194.40
growth rate		-25.0%	178.8%	31.1%	187.1%	43.5%	64.2%	63.9%	24.7%	-15.4%	-5.3%
Liabilities	6.40	5.70	33.92	80.79	450.93	522.40	488.80	511.80	394.80	306.30	258.50
growth rate		-10.9%	495.1%	138.2%	458.2%	15.9%	-6.4%	4.7%	-22.9%	-22.4%	-15.6%
LT Debt	0.00	0.00		44.00	368.68	387.60	315.70	250.70	90.30	39.10
growth rate					738.0%	5.1%	-18.6%	-20.6%	-64.0%	-56.7%
Equity	243.50	620.60	531.97	692.79	670.14	683.90	679.30	759.60	834.80	946.10	1,100.40
growth rate		154.9%	-14.3%	30.2%	-3.3%	2.1%	-0.7%	11.8%	9.9%	13.3%	16.3%
Common Shares	35.00	604.47	61.00	73.00	79.00	80.00	80.00	1,014.90	1,022.50	1,027.80	1,030.50
growth rate		1,627.1%	-89.9%	19.7%	8.2%	1.3%	0.0%	1,168.6%	0.8%	0.5%	0.3%
Cash Flow Statement	Oct '11	Oct '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Capital Expenditures	1.10	4.40	134.11	262.12	330.73	143.40	102.20	124.40	107.30	142.40	230.50
growth rate		300.0%	2,948.0%	95.5%	26.2%	-56.6%	-28.7%	21.7%	-13.8%	32.7%	61.9%
Cash Dividends	0.00	0.00
growth rate
Cash From OA	-33.52	-53.41	-42.94	-21.40	-34.33	167.40	73.60	226.80	301.30	342.10	330.00
growth rate		0.0%	0.0%	0.0%	0.0%	100.0%	-56.0%	208.2%	32.9%	13.5%	-3.5%
FCF per Share			-0.97	-4.26	-6.48	-2.51	0.29	0.90	2.07	2.79	2.22
growth rate				0.0%	0.0%	0.0%	100.0%	210.3%	130.0%	34.8%	-20.4%
Sale Purchase of Stock			0.05	206.01	0.37	5.82	1.00
growth rate				420,336.7%	-99.8%	1,478.1%	-82.8%
FCF	-35.00	-56.00	-184.00	-288.00	-365.00	-4.00	-35.00	102.00	194.00	199.00	100.00
growth rate		0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	100.0%	90.2%	2.6%	-49.8%
Income Statement	Oct '11	Oct '12	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21
Sales	0.00	0.00				312.50	314.90	442.90	640.80	789.20	855.80
growth rate							0.8%	40.7%	44.7%	23.2%	8.4%
Op.Income	-34.40	-76.50	-58.88	-23.58	-6.18	59.60	27.30	81.90	135.80	207.10	300.30
growth rate		0.0%	0.0%	0.0%	0.0%	100.0%	-54.2%	200.0%	65.8%	52.5%	45.0%
IBT	-33.90	-75.30	-46.98	-28.36	-19.10	25.80	-13.30	60.40	118.00	175.10	261.10
growth rate		0.0%	0.0%	0.0%	0.0%	100.0%	-100.0%	100.0%	95.4%	48.4%	49.1%
Net Income	-33.90	-76.20	-66.97	-26.30	-24.57	3.20	-12.60	23.20	71.20	109.00	151.70
growth rate		0.0%	0.0%	0.0%	0.0%	100.0%	-100.0%	100.0%	206.9%	53.1%	39.2%
EPS	-1.01	-0.17	-1.10	-0.40	-0.31	0.04	-0.16	0.27	0.83	1.25	1.71
growth rate		0.0%	0.0%	0.0%	0.0%	100.0%	-100.0%	100.0%	207.4%	50.6%	36.8%
Gross Profit	0.00	0.00				178.20	135.90	213.60	354.20	488.40	524.80
growth rate							-23.7%	57.2%	65.8%	37.9%	7.5%

Quarterly Statements

Item Name	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Earnings BIT	79.60	68.80	56.10	56.20	107.70
growth rate		-13.6%	-18.5%	0.2%	91.6%
Balance Sheet	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Acct.Receivable	45.10	44.50	60.80	66.50	45.00
growth rate		-1.3%	36.6%	9.4%	-32.3%
Acct.Payable	105.20	87.60	121.40	98.30	95.50
growth rate		-16.7%	38.6%	-19.0%	-2.9%
Cur.Assets	380.30	409.20	453.90	441.40	509.30
growth rate		7.6%	10.9%	-2.8%	15.4%
Total Assets	1,282.70	1,315.40	1,358.90	1,358.50	1,433.40
growth rate		2.6%	3.3%	0.0%	5.5%
Cash	196.00	221.60	255.70	237.00	310.70
growth rate		13.1%	15.4%	-7.3%	31.1%
Inventory	125.50	132.00	123.30	122.40	132.60
growth rate		5.2%	-6.6%	-0.7%	8.3%
Cur.Liabilities	161.30	158.10	194.40	148.40	160.70
growth rate		-2.0%	23.0%	-23.7%	8.3%
Liabilities	218.50	215.20	258.50	217.30	221.80
growth rate		-1.5%	20.1%	-15.9%	2.1%
LT Debt
growth rate
Equity	1,064.20	1,100.20	1,100.40	1,141.20	1,211.60
growth rate		3.4%	0.0%	3.7%	6.2%
Common Shares	1,030.70	1,029.80	1,030.50	1,031.40	1,031.50
growth rate		-0.1%	0.1%	0.1%	0.0%
Cash Flow Statement	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Capital Expenditures	60.30	58.00	56.90	65.30	52.50
growth rate		-3.8%	-1.9%	14.8%	-19.6%
Cash Dividends
growth rate
Cash From OA	82.40	87.80	94.60	46.70	126.90
growth rate		6.6%	7.7%	-50.6%	171.7%
Sale Purchase of Stock
growth rate
FCF	22.10	29.80	37.70	-18.60	74.40
growth rate		34.8%	26.5%	-100.0%	100.0%
Income Statement	Jun '21	Sep '21	Dec '21	Mar '22	Jun '22
Sales	205.90	216.70	202.00	207.70	235.00
growth rate		5.3%	-6.8%	2.8%	13.1%
Op.Income	79.60	68.80	56.10	56.20	107.70
growth rate		-13.6%	-18.5%	0.2%	91.6%
IBT	81.60	67.30	15.00	56.30	108.10
growth rate		-17.5%	-77.7%	275.3%	92.0%
Net Income	60.70	36.50	-0.50	40.00	70.30
growth rate		-39.9%	-100.0%	100.0%	75.8%
EPS
growth rate
Gross Profit	131.30	126.00	112.70	121.90	143.40
growth rate		-4.0%	-10.6%	8.2%	17.6%

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.

Growth Grade

Historical Growth Grade:

B (69.59)

YOY Growth Grade:

D (41.41)

Click on buttons above for detailed yearly growth rates.

Market Ratios

Dividend Yield: 0.0%
Beta: 1.05
Beta of 1.0455 suggests that the asset is volatile as the rest of the market (fairly priced).
PE: 31.31
EY: 3.2%
PEG: 0.17
PEG Ratio of 0.17 suggests that stock is underpriced.
PEGY: 0.17
PEGY Ratio of 0.17 suggests that stock is underpriced.
Price/BVPS: 2.98

Profitability Ratios

ROE: 14.4%
Return on Equity (ROE) of 14.4% suggests that management is inefficient or it could reflect a highly capitalized, conservatively operated business with little long term debt.
ROS: 35.1%
The value of Return on Sales depends on the business and/or industry. Usually the higher ratio the better.
ROA: 19.2%
Return on Assets (ROA). Low ratio usually means poor performance, or ineffective use of assets by management. High ratio usually means good performance.
ROI: 23.7%
Return on Investment (ROI) of 23.7% suggests that a company is doing well.
ROIC: -8.0%
Return on Invested Capital (ROIC) of -8.0% suggests that a company may not be able to fund future growth from within.

Liquidity Ratios

Current Ratio: 2.33
Current Ratio of 2.33 suggests that money that could be working for the business is tied up in government securities, cash savings or other safe funds.
Quick Ratio: 1.63
Quick Ratio of 1.63 suggests that a company is doing well.
Cash Turnover: 3.30
Turnover Of Cash Ratio of 3.30 suggests that a company may have funds tied up in short-term low-yielding assets or may have a cash surplus, which is not invested in the business.
Equity Ratio: 81.0%
Equity Ratio of 81.0% suggests that a large percent of the company's assets financed by shareholder equity, which is good.
Debt/Equity: 23.5%
Debt to Equity Ratio of 23.5% suggests that a company is doing well.
Debt/FCF: 0.19
Debt/FCF of 0.19 suggests that a company is doing well and can pay off its long term debt within three years.

Efficiency Ratios

Avg Collection Period: 25.93
Average Collection Period of 25.93 days suggests that a company is doing well.
Inventory Turnover: 2.68
Inventory Turnover Ratio of 2.68 suggests a large inventory, a never-out-of-stock situation, perhaps some obsolete items, or it could indicate poor liquidity and possible overstocking of items.
Cash Flow Ratio: 1.52
Cash Flow Ratio of 1.52 suggests a company is doing OK, but lower inventory is generally viewed as a positive trend.
Profit Margin: 17.7%

Value Price

PE and EPS

	Historical	Current	Forward
PE	9.88	31.72	9.09
EPS / Growth	52.6%	1.54	181.8%

Value Price & Investment Recovery Time

Read more about Stock2Own value price in Stock Market: Fundamental Analysis.

Equity Growth Rate: 11.5%

Estimates	Pessimistic	Moderate	Optimistic
Rate of Return	15.0%
MOS Price %	50 %
Future EPS Growth	11.5%	32.0%	32.0%
Future PE	9.09	9.62	27.67
Future EPS	4.56	24.72	24.72
Value Price MOS %	10.25 -79.0%	58.76 20.5%	169.08 246.8%
MOS Price	5.12	29.38	84.54
IRT	13.33	7.76	7.76

Graham Number:

NOTE: The Graham Number applies only to certain types of stocks in combination with a number of other criteria.

Read more about Graham Number in Stock Market: Fundamental Analysis.

Graham Number: 23.79
Graham MOS: -51.2%

Price Chart

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