West African Resources Past Earnings Performance
Past criteria checks 2/6
West African Resources has been growing earnings at an average annual rate of 26%, while the Metals and Mining industry saw earnings growing at 20.7% annually. Revenues have been growing at an average rate of 1.4% per year. West African Resources's return on equity is 17.6%, and it has net margins of 22.2%.
Key information
26.0%
Earnings growth rate
22.8%
EPS growth rate
| Metals and Mining Industry Growth | 22.3% |
| Revenue growth rate | 1.4% |
| Return on equity | 17.6% |
| Net Margin | 22.2% |
| Last Earnings Update | 30 Jun 2024 |
Recent past performance updates
Recent updates
The Market Lifts West African Resources Limited (ASX:WAF) Shares 28% But It Can Do More
Nov 06
Market Cool On West African Resources Limited's (ASX:WAF) Earnings
Sep 18A Look At The Fair Value Of West African Resources Limited (ASX:WAF)
Jun 28Is West African Resources (ASX:WAF) A Risky Investment?
May 03West African Resources Limited's (ASX:WAF) Shares Leap 35% Yet They're Still Not Telling The Full Story
Apr 10Sentiment Still Eluding West African Resources Limited (ASX:WAF)
Feb 05West African Resources Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Aug 30Here's Why West African Resources (ASX:WAF) Can Manage Its Debt Responsibly
Apr 14With EPS Growth And More, West African Resources (ASX:WAF) Makes An Interesting Case
Jan 13We Think West African Resources (ASX:WAF) Can Stay On Top Of Its Debt
Dec 08Do West African Resources' (ASX:WAF) Earnings Warrant Your Attention?
Aug 29There's No Escaping West African Resources Limited's (ASX:WAF) Muted Earnings
Jul 29Should You Be Adding West African Resources (ASX:WAF) To Your Watchlist Today?
May 25Is Now The Time To Put West African Resources (ASX:WAF) On Your Watchlist?
Feb 23Is West African Resources (ASX:WAF) Using Too Much Debt?
Dec 16A Look At The Intrinsic Value Of West African Resources Limited (ASX:WAF)
Oct 31Should You Be Adding West African Resources (ASX:WAF) To Your Watchlist Today?
Sep 21Why The 50% Return On Capital At West African Resources (ASX:WAF) Should Have Your Attention
Jun 18We Think Shareholders Will Probably Be Generous With West African Resources Limited's (ASX:WAF) CEO Compensation
May 07West African Resources' (ASX:WAF) Promising Earnings May Rest On Soft Foundations
Apr 02Shareholders Are Raving About How The West African Resources (ASX:WAF) Share Price Increased 829%
Feb 25Revenue & Expenses Breakdown
How West African Resources makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 24 | 696 | 155 | 17 | 0 |
| 31 Mar 24 | 679 | 151 | 17 | 0 |
| 31 Dec 23 | 661 | 147 | 16 | 0 |
| 30 Sep 23 | 628 | 145 | 15 | 0 |
| 30 Jun 23 | 596 | 144 | 14 | 0 |
| 31 Mar 23 | 602 | 154 | 14 | 0 |
| 31 Dec 22 | 608 | 164 | 15 | 0 |
| 30 Sep 22 | 688 | 191 | 15 | 1 |
| 30 Jun 22 | 768 | 219 | 15 | 1 |
| 31 Mar 22 | 740 | 204 | 13 | 1 |
| 31 Dec 21 | 712 | 189 | 11 | 1 |
| 30 Sep 21 | 616 | 170 | 10 | 1 |
| 30 Jun 21 | 519 | 152 | 10 | 0 |
| 31 Mar 21 | 415 | 121 | 10 | 0 |
| 31 Dec 20 | 311 | 89 | 10 | 0 |
| 30 Sep 20 | 185 | 46 | 9 | 0 |
| 30 Jun 20 | 59 | 2 | 8 | 0 |
| 31 Mar 20 | 30 | -1 | 8 | 0 |
| 31 Dec 19 | 1 | -4 | 7 | 0 |
| 31 Dec 18 | 1 | -7 | 7 | 0 |
| 30 Sep 18 | 1 | -22 | 23 | 0 |
| 30 Jun 18 | 0 | -25 | 26 | 0 |
| 31 Mar 18 | 0 | -23 | 23 | 0 |
| 31 Dec 17 | 0 | -22 | 20 | 0 |
| 30 Sep 17 | 0 | -16 | 16 | 0 |
| 30 Jun 17 | 0 | -14 | 14 | 0 |
| 31 Mar 17 | 0 | -13 | 13 | 0 |
| 31 Dec 16 | 0 | -10 | 10 | 0 |
| 30 Sep 16 | 0 | -9 | 9 | 0 |
| 30 Jun 16 | 0 | -8 | 7 | 0 |
| 31 Mar 16 | 0 | -7 | 6 | 0 |
| 31 Dec 15 | 0 | -7 | 6 | 0 |
| 30 Sep 15 | 0 | -8 | 8 | 0 |
| 30 Jun 15 | 0 | -8 | 8 | 0 |
| 31 Mar 15 | 0 | -8 | 8 | 0 |
| 31 Dec 14 | 0 | -15 | 16 | 0 |
| 30 Sep 14 | 0 | -14 | 13 | 0 |
| 30 Jun 14 | 0 | -14 | 14 | 0 |
| 31 Mar 14 | 0 | -15 | 15 | 0 |
| 31 Dec 13 | 0 | -7 | 7 | 0 |
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 (24.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: WAF has become profitable over the past 5 years, growing earnings by 26% per year.
Accelerating Growth: WAF's earnings growth over the past year (7.4%) is below its 5-year average (26% per year).
Earnings vs Industry: WAF earnings growth over the past year (7.4%) exceeded the Metals and Mining industry 3.9%.
Return on Equity
High ROE: WAF's Return on Equity (17.6%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 15:33 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
West African Resources Limited is covered by 13 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nicholas McGarrigle | Barrenjoey Markets Pty Limited |
| Dale Koenders | Barrenjoey Markets Pty Limited |
| Duncan Hughes | Bell Potter |