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Western Areas Valuation
Is WSA undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Por debajo del valor justo
Muy por debajo del valor justo
Price-To-Earnings vs. similares
Price-To-Earnings vs. Industria
PM vs. Ratio Justo
Pronóstico de los analistas
Share Price vs Fair Value
What is the Fair Price of WSA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Por debajo del valor justo: WSA (A$3.86) is trading below our estimate of fair value (A$33.26)
Muy por debajo del valor justo: WSA is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for WSA?
Other financial metrics that can be useful for relative valuation.
| What is WSA's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | AU$1.26b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 3.6x |
| Enterprise Value/EBITDA | 10.5x |
| PEG Ratio | -7.3x |
Price to Earnings Ratio vs Peers
How does WSA's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 19.5x | ||
NIC Nickel Industries | 20.1x | 40.4% | AU$3.7b |
PRN Perenti | 7.6x | 15.5% | AU$921.2m |
IMD Imdex | 41.3x | 23.9% | AU$1.2b |
ILU Iluka Resources | 9x | -0.3% | AU$3.1b |
WSA Western Areas | 54.7x | -7.5% | AU$1.3b |
Price-To-Earnings vs. similares: WSA is expensive based on its Price-To-Earnings Ratio (54.7x) compared to the peer average (16.4x).
Price to Earnings Ratio vs Industry
How does WSA's PE Ratio compare vs other companies in the AU Metals and Mining Industry?
Price-To-Earnings vs. Industria: WSA is expensive based on its Price-To-Earnings Ratio (54.7x) compared to the Australian Metals and Mining industry average (8.7x)
Price to Earnings Ratio vs Fair Ratio
What is WSA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 54.7x |
| Fair PE Ratio | 11.3x |
PM vs. Ratio Justo: WSA is expensive based on its Price-To-Earnings Ratio (54.7x) compared to the estimated Fair Price-To-Earnings Ratio (11.3x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | AU$3.87 | AU$3.77 -2.6% | 6.3% | AU$4.09 | AU$3.36 | n/a | 8 |
| May ’23 | AU$3.84 | AU$3.77 -1.8% | 6.3% | AU$4.09 | AU$3.36 | n/a | 8 |
| Apr ’23 | AU$3.65 | AU$3.36 -7.9% | 0.9% | AU$3.40 | AU$3.29 | n/a | 8 |
Pronóstico de los analistas: Target price is lower than the current share price.