Financials West African Resources Limited

Equities

WAF

AU000000WAF6

Gold

Market Closed - Australian S.E. 02:10:52 2024-05-31 am EDT 5-day change 1st Jan Change
1.53 AUD +6.99% Intraday chart for West African Resources Limited +4.79% +61.90%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 374.3 918.2 1,347 1,202 969.7 1,572 - -
Enterprise Value (EV) 1 534.2 1,065 1,190 1,051 834.6 1,546 1,387 1,225
P/E ratio -86 x 9.33 x 6.38 x 7.39 x 6.65 x 10.5 x 5.88 x 4.81 x
Yield - - - - - - 1.63% 7.19%
Capitalization / Revenue 302 x 2.95 x 1.89 x 1.98 x 1.47 x 2.41 x 1.72 x 1.28 x
EV / Revenue 431 x 3.42 x 1.67 x 1.73 x 1.26 x 2.37 x 1.52 x 1 x
EV / EBITDA -129 x 6.01 x 2.68 x 3.3 x 2.58 x 4.72 x 2.59 x 1.94 x
EV / FCF - 34.7 x 4.92 x 317 x -49.8 x -13.1 x 7.57 x 3.11 x
FCF Yield - 2.88% 20.3% 0.32% -2.01% -7.62% 13.2% 32.2%
Price to Book 4.9 x 5.56 x 2.57 x 1.72 x 1.13 x 1.55 x 1.27 x 1.11 x
Nbr of stocks (in thousands) 870,479 878,683 1,020,774 1,022,842 1,026,113 1,027,771 - -
Reference price 2 0.4300 1.045 1.320 1.175 0.9450 1.530 1.530 1.530
Announcement Date 3/26/20 3/26/21 3/30/22 3/19/23 3/13/24 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1.239 311.2 712.1 608.2 661.2 653.2 912.8 1,227
EBITDA 1 -4.145 177.4 444.7 318.1 323.4 327.6 535.5 629.8
EBIT 1 -4.329 153.3 387.4 258.7 236.4 269.9 355.1 423.7
Operating Margin -349.39% 49.27% 54.4% 42.54% 35.75% 41.31% 38.9% 34.53%
Earnings before Tax (EBT) 1 -4.334 141.4 321.5 257.6 241.1 240.3 318.5 391.4
Net income 1 -4.275 89.36 189 164.4 146.9 162.7 222.3 274.3
Net margin -345.04% 28.72% 26.53% 27.04% 22.21% 24.91% 24.36% 22.35%
EPS 2 -0.005000 0.1120 0.2070 0.1590 0.1420 0.1457 0.2603 0.3180
Free Cash Flow 1 - 30.73 241.7 3.311 -16.77 -117.8 183.2 394.2
FCF margin - 9.87% 33.94% 0.54% -2.54% -18.03% 20.07% 32.12%
FCF Conversion (EBITDA) - 17.32% 54.35% 1.04% - - 34.21% 62.59%
FCF Conversion (Net income) - 34.38% 127.91% 2.01% - - 82.4% 143.73%
Dividend per Share 2 - - - - - - 0.0250 0.1100
Announcement Date 3/26/20 3/26/21 3/30/22 3/19/23 3/13/24 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2023 S1
Net sales 1 - 309.7
EBITDA 1 - 169.6
EBIT - -
Operating Margin - -
Earnings before Tax (EBT) - -
Net income 1 2.866 74.35
Net margin - 24.01%
EPS 2 0.004000 0.0720
Dividend per Share - -
Announcement Date 8/31/20 8/28/23
1AUD in Million2AUD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 160 147 - - - - - -
Net Cash position 1 - - 158 151 135 26.3 185 348
Leverage (Debt/EBITDA) -38.59 x 0.8294 x - - - - - -
Free Cash Flow 1 - 30.7 242 3.31 -16.8 -118 183 394
ROE (net income / shareholders' equity) -5.47% 74% 54.8% 26.8% 18.8% 16.6% 17.4% 19%
ROA (Net income/ Total Assets) - - 28.3% - 14% 10% 15% 15%
Assets 1 - - 667.5 - 1,050 1,627 1,482 1,828
Book Value Per Share 2 0.0900 0.1900 0.5100 0.6800 0.8400 0.9900 1.200 1.380
Cash Flow per Share 2 -0.0100 0.1700 0.3800 0.1800 0.2000 0.2100 0.3500 0.4100
Capex 1 209 - 108 181 225 398 271 64.4
Capex / Sales 16,865.86% - 15.16% 29.72% 34.09% 60.91% 29.65% 5.24%
Announcement Date 3/26/20 3/26/21 3/30/22 3/19/23 3/13/24 - - -
1AUD in Million2AUD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
1.53 AUD
Average target price
2 AUD
Spread / Average Target
+30.72%
Consensus

Annual profits - Rate of surprise

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