XTRA-GOLD RESOURCES CORP
XTGRFdata completeness 75%23 fiscal years on fileData notes: no data for concept 'revenue'; no data for concept 'totalDebt'
XTRA-GOLD RESOURCES CORP earns about 34% on invested capital, far above its ~9% cost of capital, with a roughly flat share count — a real edge showing up in the numbers. The estimate methods put fair value between $0.18 and $2.4 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Net income | $835,9761 | $631,7672 | −$165,9283 | $1.68M3 | $3.68M3 |
| Operating cash flow | $1.15M4 | $1.48M5 | $1.81M6 | $2.28M6 | $1.15M6 |
| Capital expenditure | $203,4197 | $259,6028 | $37,7229 | $40,8579 | $247,7419 |
| Free cash flow (derived) | $951,3814 | $1.22M5 | $1.78M6 | $2.24M6 | $901,7986 |
| Total debt | — | — | — | — | — |
| Cash & equivalents | $4.68M10 | $5.78M11 | $7.15M11 | $8.18M11 | $10.5M11 |
| Diluted shares | 48.9M | 48.8M | 46.4M | 49.0M | 48.6M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $3.35 of net worth that earned you $0.76 and generated $0.19 of cash last year.
It earned about 34% on invested capital, year after year, against a ~9% cost of capital — the footprint of real pricing power. Competition usually drags returns like this back down; here it hasn't.
seeing a moat in the numbers →Share count is roughly flat over 5 years — little dilution, little buyback.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
The 3 estimate methods that apply put fair value between $0.18 and $2.4 a share. They rest on different assumptions, so where they diverge is the story; the Graham Number is a stricter floor, not a target.
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears10
- fcfGrowth20.0%
- fcfBase$1.78M
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth20.0%
- fcfBase$1.78M
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$835,976
- growthAssumed0.0%
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $0.74 |
| Base | 20.0% | $1.41 |
| Bull | 20.0% | $1.41 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 20.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.
- 20-F · period ending 2021-12-31 · accession 0001062993-24-008783 (NetIncomeLoss)
- 20-F · period ending 2022-12-31 · accession 0001062993-25-009493 (NetIncomeLoss)
- 20-F · period ending 2023-12-31 · accession 0001062993-26-001749 (NetIncomeLoss)
- 20-F · period ending 2021-12-31 · accession 0001062993-24-008783 (NetCashProvidedByUsedInOperatingActivities)
- 20-F · period ending 2022-12-31 · accession 0001062993-25-009493 (NetCashProvidedByUsedInOperatingActivities)
- 20-F · period ending 2023-12-31 · accession 0001062993-26-001749 (NetCashProvidedByUsedInOperatingActivities)
- 20-F · period ending 2021-12-31 · accession 0001062993-24-008783 (PaymentsToAcquirePropertyPlantAndEquipment)
- 20-F · period ending 2022-12-31 · accession 0001062993-25-009493 (PaymentsToAcquirePropertyPlantAndEquipment)
- 20-F · period ending 2023-12-31 · accession 0001062993-26-001749 (PaymentsToAcquirePropertyPlantAndEquipment)
- 20-F · period ending 2021-12-31 · accession 0001062993-25-009493 (CashAndCashEquivalentsAtCarryingValue)
- 20-F · period ending 2022-12-31 · accession 0001062993-26-001749 (CashAndCashEquivalentsAtCarryingValue)