Drdgold Ltd Adr Stock Probability Of Bankruptcy

DRD Stock  USD 8.02  0.14  1.78%   
DRDGOLD's risk of distress is below 1% at the present time. The company is very unlikely to encounter any financial crunch in the next two years. DRDGOLD's Probability Of Bankruptcy is determined by interpolating and adjusting DRDGOLD Altman Z Score to account for off-balance-sheet items and missing or unfiled public information. All items used in analyzing the odds of distress are taken from the DRDGOLD balance sheet, as well as cash flow and income statements available from the company's most recent filings. Check out DRDGOLD Piotroski F Score and DRDGOLD Altman Z Score analysis.
  

DRDGOLD Probability Of Bankruptcy Analysis

DRDGOLD's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
 2021 2022 2023 2024 (projected)
Interest Expense72.9M70.4M81.0M48.5M
Depreciation And Amortization321.7M217.5M250.1M186.9M

Probability Of Bankruptcy

 = 

Normalized

Z-Score

More About Probability Of Bankruptcy | All Equity Analysis

Current DRDGOLD Probability Of Bankruptcy

    
  Less than 1%  
Most of DRDGOLD's fundamental indicators, such as Probability Of Bankruptcy, 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, DRDGOLD Ltd ADR is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of DRDGOLD probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting DRDGOLD odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of DRDGOLD Ltd ADR financial health.
Is DRDGOLD's industry 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. 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 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
0.095
Dividend Share
8.5
Earnings Share
0.78
Revenue Per Share
67.565
Quarterly Revenue Growth
0.121
The market value of DRDGOLD Ltd 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's value that differs from its market value or its book value, called intrinsic value, which is DRDGOLD'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's market value can be influenced by many factors that don't directly affect DRDGOLD'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if DRDGOLD is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DRDGOLD'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 Probability Of Bankruptcy Driver Correlations

Understanding the fundamental principles of building solid financial models for DRDGOLD is extremely important. It helps to project a fair market value of DRDGOLD Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since DRDGOLD'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 DRDGOLD'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 DRDGOLD's interrelated accounts and indicators.
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Click cells to compare fundamentals
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
Competition

Based on the latest financial disclosure, DRDGOLD Ltd ADR has a Probability Of Bankruptcy of 1.0%. This is 97.74% lower than that of the Metals & Mining sector and 97.87% lower than that of the Materials industry. The probability of bankruptcy for all United States stocks is 97.49% higher than that of the company.

DRDGOLD Probability Of Bankruptcy Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses DRDGOLD's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of DRDGOLD could also be used in its relative valuation, which is a method of valuing DRDGOLD by comparing valuation metrics of similar companies.
DRDGOLD is currently under evaluation in probability of bankruptcy category among related companies.

DRDGOLD Main Bankruptcy Drivers

201920202021202220232024 (projected)
Return On Assets0.01930.110.230.160.140.15
Gross Profit Margin0.07540.30.360.270.290.26
Net Debt(1.7B)(2.1B)(2.5B)(2.4B)(2.2B)(2.1B)
Total Current Liabilities745.9M531.5M625.5M718.7M826.5M528.6M
Non Current Liabilities Total889.1M996.1M1.0B1.2B1.3B782.2M
Total Assets5.7B6.3B7.1B8.2B9.4B9.8B
Total Current Assets2.2B2.7B3.1B3.2B3.7B3.9B
Total Cash From Operating Activities1.1B1.6B1.5B1.7B1.9B2.0B

DRDGOLD Fundamentals

About DRDGOLD Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze DRDGOLD Ltd ADR's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of DRDGOLD using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of DRDGOLD Ltd ADR 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.
DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. DRDGOLD Limited operates as a subsidiary of Sibanye Gold Limited. DRDGOLD operates under Gold classification in the United States and is traded on New York Stock Exchange.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards DRDGOLD in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, DRDGOLD's short interest history, or implied volatility extrapolated from DRDGOLD options trading.

Pair Trading with DRDGOLD

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

Moving together with DRDGOLD Stock

  0.71AA Alcoa Corp Fiscal Quarter End 31st of March 2024 PairCorr
The ability to find closely correlated positions to DRDGOLD 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 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 - 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 Ltd ADR to buy it.
The correlation of DRDGOLD 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 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DRDGOLD Ltd 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 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
When determining whether DRDGOLD Ltd ADR is a strong investment it is important to analyze DRDGOLD'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's future performance. For an informed investment choice regarding DRDGOLD Stock, refer to the following important reports:
Check out DRDGOLD Piotroski F Score and DRDGOLD Altman Z Score analysis.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Complementary Tools for DRDGOLD Stock analysis

When running DRDGOLD's price analysis, check to measure DRDGOLD's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DRDGOLD is operating at the current time. Most of DRDGOLD's value examination focuses on studying past and present price action to predict the probability of DRDGOLD's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DRDGOLD's price. Additionally, you may evaluate how the addition of DRDGOLD to your portfolios can decrease your overall portfolio volatility.
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Is DRDGOLD's industry 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. 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 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
0.095
Dividend Share
8.5
Earnings Share
0.78
Revenue Per Share
67.565
Quarterly Revenue Growth
0.121
The market value of DRDGOLD Ltd 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's value that differs from its market value or its book value, called intrinsic value, which is DRDGOLD'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's market value can be influenced by many factors that don't directly affect DRDGOLD'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if DRDGOLD is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DRDGOLD'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.