West African Resources Limited

ASX:WAF Stock Report

Market Cap: AU$1.2b

West African Resources Past Earnings Performance

Past criteria checks 1/6

West African Resources has been growing earnings at an average annual rate of 35.8%, while the Metals and Mining industry saw earnings growing at 19.8% annually. Revenues have been growing at an average rate of 37.1% per year. West African Resources's return on equity is 18.2%, and it has net margins of 22.2%.

Key information

35.8%

Earnings growth rate

33.2%

EPS growth rate

Metals and Mining Industry Growth22.3%
Revenue growth rate37.1%
Return on equity18.2%
Net Margin22.2%
Last Earnings Update31 Dec 2023

Recent past performance updates

Recent updates

Sentiment Still Eluding West African Resources Limited (ASX:WAF)

Feb 05
Sentiment Still Eluding West African Resources Limited (ASX:WAF)

West African Resources Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Aug 30
West African Resources Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Here's Why West African Resources (ASX:WAF) Can Manage Its Debt Responsibly

Apr 14
Here's Why West African Resources (ASX:WAF) Can Manage Its Debt Responsibly

With EPS Growth And More, West African Resources (ASX:WAF) Makes An Interesting Case

Jan 13
With EPS Growth And More, West African Resources (ASX:WAF) Makes An Interesting Case

We Think West African Resources (ASX:WAF) Can Stay On Top Of Its Debt

Dec 08
We Think West African Resources (ASX:WAF) Can Stay On Top Of Its Debt

Do West African Resources' (ASX:WAF) Earnings Warrant Your Attention?

Aug 29
Do West African Resources' (ASX:WAF) Earnings Warrant Your Attention?

There's No Escaping West African Resources Limited's (ASX:WAF) Muted Earnings

Jul 29
There's No Escaping West African Resources Limited's (ASX:WAF) Muted Earnings

Should You Be Adding West African Resources (ASX:WAF) To Your Watchlist Today?

May 25
Should You Be Adding West African Resources (ASX:WAF) To Your Watchlist Today?

Is Now The Time To Put West African Resources (ASX:WAF) On Your Watchlist?

Feb 23
Is Now The Time To Put West African Resources (ASX:WAF) On Your Watchlist?

Is West African Resources (ASX:WAF) Using Too Much Debt?

Dec 16
Is West African Resources (ASX:WAF) Using Too Much Debt?

A Look At The Intrinsic Value Of West African Resources Limited (ASX:WAF)

Oct 31
A Look At The Intrinsic Value Of West African Resources Limited (ASX:WAF)

Should You Be Adding West African Resources (ASX:WAF) To Your Watchlist Today?

Sep 21
Should You Be Adding West African Resources (ASX:WAF) To Your Watchlist Today?

Why The 50% Return On Capital At West African Resources (ASX:WAF) Should Have Your Attention

Jun 18
Why The 50% Return On Capital At West African Resources (ASX:WAF) Should Have Your Attention

We Think Shareholders Will Probably Be Generous With West African Resources Limited's (ASX:WAF) CEO Compensation

May 07
We Think Shareholders Will Probably Be Generous With West African Resources Limited's (ASX:WAF) CEO Compensation

West African Resources' (ASX:WAF) Promising Earnings May Rest On Soft Foundations

Apr 02
West African Resources' (ASX:WAF) Promising Earnings May Rest On Soft Foundations

Shareholders Are Raving About How The West African Resources (ASX:WAF) Share Price Increased 829%

Feb 25
Shareholders Are Raving About How The West African Resources (ASX:WAF) Share Price Increased 829%

Revenue & Expenses Breakdown
Beta

How West African Resources makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

ASX:WAF Revenue, expenses and earnings (AUD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 23661147160
30 Sep 23628145150
30 Jun 23596144140
31 Mar 23602154140
31 Dec 22608164150
30 Sep 22688191151
30 Jun 22768219151
31 Mar 22740204131
31 Dec 21712189111
30 Sep 21616170101
30 Jun 21519152100
31 Mar 21415121100
31 Dec 2031189100
30 Sep 201854690
30 Jun 2059280
31 Mar 2030-180
31 Dec 191-470
31 Dec 181-770
30 Sep 181-22230
30 Jun 180-25260
31 Mar 180-23230
31 Dec 170-22200
30 Sep 170-16160
30 Jun 170-14140
31 Mar 170-13130
31 Dec 160-10100
30 Sep 160-990
30 Jun 160-870
31 Mar 160-760
31 Dec 150-760
30 Sep 150-880
30 Jun 150-880
31 Mar 150-880
31 Dec 140-15160
30 Sep 140-14130
30 Jun 140-14140
31 Mar 140-15150
31 Dec 130-770
30 Sep 130-770
30 Jun 130-770
31 Mar 130-660

Quality Earnings: WAF has a high level of non-cash earnings.

Growing Profit Margin: WAF's current net profit margins (22.2%) are lower than last year (27%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: WAF has become profitable over the past 5 years, growing earnings by 35.8% per year.

Accelerating Growth: WAF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: WAF had negative earnings growth (-10.7%) over the past year, making it difficult to compare to the Metals and Mining industry average (-22%).


Return on Equity

High ROE: WAF's Return on Equity (18.2%) is considered low.


Return on Assets


Return on Capital Employed


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