WAF Stock Overview
West African Resources Limited engages in the acquisition, exploration, and development of mineral resource projects in West Africa.
West African Resources Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$1.33|
|52 Week High||AU$1.47|
|52 Week Low||AU$0.72|
|1 Month Change||6.00%|
|3 Month Change||-4.68%|
|1 Year Change||35.90%|
|3 Year Change||502.27%|
|5 Year Change||381.82%|
|Change since IPO||452.08%|
Recent News & Updates
Is West African Resources (ASX:WAF) Using Too Much Debt?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
A Look At The Intrinsic Value Of West African Resources Limited (ASX:WAF)
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of West African Resources...
|WAF||AU Metals and Mining||AU Market|
Return vs Industry: WAF exceeded the Australian Metals and Mining industry which returned 6.2% over the past year.
Return vs Market: WAF exceeded the Australian Market which returned 7.7% over the past year.
|WAF Average Weekly Movement||6.2%|
|Metals and Mining Industry Average Movement||10.8%|
|Market Average Movement||8.6%|
|10% most volatile stocks in AU Market||15.5%|
|10% least volatile stocks in AU Market||3.6%|
Stable Share Price: WAF is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: WAF's weekly volatility (6%) has been stable over the past year.
About the Company
West African Resources Limited engages in the acquisition, exploration, and development of mineral resource projects in West Africa. The company explores for gold and copper deposits. Its key asset is the 90% owned Sanbrado Gold Project located in Burkina Faso.
West African Resources Fundamentals Summary
|WAF fundamental statistics|
Is WAF overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|WAF income statement (TTM)|
|Cost of Revenue||AU$239.32m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.15|
|Net Profit Margin||29.23%|
How did WAF perform over the long term?See historical performance and comparison
Is West African Resources undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: WAF (A$1.35) is trading below our estimate of fair value (A$3.23)
Significantly Below Fair Value: WAF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: WAF is good value based on its PE Ratio (9.1x) compared to the Australian Metals and Mining industry average (16.4x).
PE vs Market: WAF is good value based on its PE Ratio (9.1x) compared to the Australian market (19.3x).
Price to Earnings Growth Ratio
PEG Ratio: WAF's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: WAF is overvalued based on its PB Ratio (5.9x) compared to the AU Metals and Mining industry average (2.8x).
How is West African Resources forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WAF's earnings are forecast to decline over the next 3 years (-10.2% per year).
Earnings vs Market: WAF's earnings are forecast to decline over the next 3 years (-10.2% per year).
High Growth Earnings: WAF's earnings are forecast to decline over the next 3 years.
Revenue vs Market: WAF's revenue is expected to decline over the next 3 years (-6.1% per year).
High Growth Revenue: WAF's revenue is forecast to decline over the next 3 years (-6.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WAF's Return on Equity is forecast to be high in 3 years time (22.9%)
How has West African Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WAF has high quality earnings.
Growing Profit Margin: WAF's current net profit margins (29.2%) are higher than last year (3%).
Past Earnings Growth Analysis
Earnings Trend: WAF has become profitable over the past 5 years, growing earnings by 72.4% per year.
Accelerating Growth: WAF's earnings growth over the past year (8569.9%) exceeds its 5-year average (72.4% per year).
Earnings vs Industry: WAF earnings growth over the past year (8569.9%) exceeded the Metals and Mining industry 33%.
Return on Equity
High ROE: WAF's Return on Equity (68.8%) is considered outstanding.
How is West African Resources's financial position?
Financial Position Analysis
Short Term Liabilities: WAF's short term assets (A$161.0M) do not cover its short term liabilities (A$232.7M).
Long Term Liabilities: WAF's short term assets (A$161.0M) exceed its long term liabilities (A$54.9M).
Debt to Equity History and Analysis
Debt Level: WAF's net debt to equity ratio (35.9%) is considered satisfactory.
Reducing Debt: WAF's debt to equity ratio has reduced from 200% to 60.8% over the past 5 years.
Debt Coverage: WAF's debt is well covered by operating cash flow (133.1%).
Interest Coverage: WAF's interest payments on its debt are well covered by EBIT (9.7x coverage).
What is West African Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate WAF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate WAF's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if WAF's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if WAF's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of WAF's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Richard Hyde, B.Sc. (Geology and Geophysics), MAusIMM, MAIG, is an Executive Chairman and CEO of West African Resources, Ltd. since September 2019. He served as the Managing Director of West African Re...
CEO Compensation Analysis
Compensation vs Market: Richard's total compensation ($USD886.82K) is about average for companies of similar size in the Australian market ($USD931.63K).
Compensation vs Earnings: Richard's compensation has increased by more than 20% in the past year.
Experienced Management: WAF's management team is considered experienced (3.5 years average tenure).
Experienced Board: WAF's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: WAF insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.1%.
West African Resources Limited's employee growth, exchange listings and data sources
- Name: West African Resources Limited
- Ticker: WAF
- Exchange: ASX
- Founded: 2006
- Industry: Gold
- Sector: Materials
- Implied Market Cap: AU$1.378b
- Shares outstanding: 1.02b
- Website: https://www.westafricanresources.com
Number of Employees
- West African Resources Limited
- 1 Alvan Street
- Level 1
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/21 07:03|
|End of Day Share Price||2022/01/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.