Drdgold Limited Adr Stock Return On Asset
| DRD Stock | USD 7.82 0.07 0.89% |
DRDGOLD Limited ADR fundamentals help investors to digest information that contributes to DRDGOLD Limited's financial success or failures. It also enables traders to predict the movement of DRDGOLD Stock. The fundamental analysis module provides a way to measure DRDGOLD Limited's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to DRDGOLD Limited stock.
The current year's Return On Assets is expected to grow to 0.15. DRDGOLD | Return On Asset |
DRDGOLD Limited ADR Company Return On Asset Analysis
DRDGOLD Limited's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current DRDGOLD Limited Return On Asset | 0.12 |
Most of DRDGOLD Limited's fundamental indicators, such as Return On Asset, 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 Limited ADR is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
DRDGOLD Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for DRDGOLD Limited is extremely important. It helps to project a fair market value of DRDGOLD Stock properly, considering its historical fundamentals such as Return On Asset. Since DRDGOLD Limited'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 Limited'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 Limited's interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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DRDGOLD Total Assets
Total Assets |
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Based on the latest financial disclosure, DRDGOLD Limited ADR has a Return On Asset of 0.1155. This is 84.39% lower than that of the Metals & Mining sector and notably lower than that of the Materials industry. The return on asset for all United States stocks is 182.5% lower than that of the firm.
DRDGOLD Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses DRDGOLD Limited's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of DRDGOLD Limited could also be used in its relative valuation, which is a method of valuing DRDGOLD Limited by comparing valuation metrics of similar companies.DRDGOLD Limited is currently under evaluation in return on asset category among related companies.
DRDGOLD Limited Current Valuation Drivers
We derive many important indicators used in calculating different scores of DRDGOLD Limited from analyzing DRDGOLD Limited's financial statements. These drivers represent accounts that assess DRDGOLD Limited's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of DRDGOLD Limited's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 20.7B | 13.4B | 8.2B | 17.1B | 15.4B | 16.2B | |
| Enterprise Value | 19.0B | 11.3B | 5.7B | 14.7B | 13.2B | 13.9B |
DRDGOLD Fundamentals
| Return On Equity | 0.22 | ||||
| Return On Asset | 0.12 | ||||
| Profit Margin | 0.23 % | ||||
| Operating Margin | 0.22 % | ||||
| Current Valuation | 5.3 B | ||||
| Shares Outstanding | 86.15 M | ||||
| Shares Owned By Institutions | 15.93 % | ||||
| Number Of Shares Shorted | 1.28 M | ||||
| Price To Earning | 6.60 X | ||||
| Price To Book | 2.18 X | ||||
| Price To Sales | 0.13 X | ||||
| Revenue | 5.5 B | ||||
| Gross Profit | 1.59 B | ||||
| EBITDA | 1.88 B | ||||
| Net Income | 1.28 B | ||||
| Cash And Equivalents | 2.47 B | ||||
| Cash Per Share | 29.44 X | ||||
| Total Debt | 39.7 M | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 4.92 X | ||||
| Book Value Per Share | 73.14 X | ||||
| Cash Flow From Operations | 1.66 B | ||||
| Short Ratio | 3.20 X | ||||
| Earnings Per Share | 0.77 X | ||||
| Target Price | 13.25 | ||||
| Number Of Employees | 927 | ||||
| Beta | 1.35 | ||||
| Market Capitalization | 699.49 M | ||||
| Total Asset | 8.15 B | ||||
| Retained Earnings | 86.2 M | ||||
| Working Capital | 2.5 B | ||||
| Current Asset | 57.55 M | ||||
| Current Liabilities | 31.92 M | ||||
| Annual Yield | 0.06 % | ||||
| Five Year Return | 3.92 % | ||||
| Net Asset | 8.15 B | ||||
| Last Dividend Paid | 8.5 |
About DRDGOLD Limited Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze DRDGOLD Limited ADR's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of DRDGOLD Limited using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of DRDGOLD Limited 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.
Pair Trading with DRDGOLD Limited
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.Moving together with DRDGOLD Stock
| 0.87 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
| 0.85 | AG | First Majestic Silver Earnings Call This Week | PairCorr |
| 0.84 | AU | AngloGold Ashanti plc Financial Report 28th of June 2024 | PairCorr |
Moving against DRDGOLD Stock
| 0.64 | NC | NACCO Industries Earnings Call This Week | PairCorr |
| 0.62 | X | United States Steel Earnings Call This Week | PairCorr |
| 0.61 | VALE | Vale SA ADR Aggressive Push | PairCorr |
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.Check out DRDGOLD Limited Piotroski F Score and DRDGOLD Limited Altman Z Score analysis. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for DRDGOLD Stock analysis
When running DRDGOLD Limited's price analysis, check to measure DRDGOLD Limited'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 Limited is operating at the current time. Most of DRDGOLD Limited's value examination focuses on studying past and present price action to predict the probability of DRDGOLD Limited'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 Limited's price. Additionally, you may evaluate how the addition of DRDGOLD Limited to your portfolios can decrease your overall portfolio volatility.
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Is DRDGOLD Limited'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 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 0.095 | Dividend Share 8.5 | Earnings Share 0.77 | Revenue Per Share 67.565 | Quarterly Revenue Growth 0.121 |
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.