WC1

West Cobar MetalsASX:WC1 Stock Report

Market Cap

AU$8.7m

7D

-2.3%

1Y

n/a

Updated

21 Oct, 2021

Data

Company Financials
WC1 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

WC1 Overview

West Cobar Metals Limited operates as an early stage base metals and gold exploration and development company in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for West Cobar Metals
Historical stock prices
Current Share PriceAU$0.21
52 Week HighAU$0.20
52 Week LowAU$0.25
Beta0
1 Month Changen/a
3 Month Changen/a
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-6.67%

Recent News & Updates

Shareholder Returns

WC1AU Metals and MiningAU Market
7D-2.3%-0.3%0.7%
1Yn/a12.5%21.4%

Return vs Industry: Insufficient data to determine how WC1 performed against the Australian Metals and Mining industry.

Return vs Market: Insufficient data to determine how WC1 performed against the Australian Market.

Price Volatility

Is WC1's price volatile compared to industry and market?
WC1 volatility
WC1 Beta0
Industry Beta0.97
Market Beta1

Stable Share Price: Insufficient data to determine WC1's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine WC1's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2021n/aDavid Pascoehttps://www.westcobarmetals.com.au

West Cobar Metals Limited operates as an early stage base metals and gold exploration and development company in Australia. It explores for copper and silver metals. The company holds interests in the Bulla Park project, which comprises two granted exploration licenses and two exploration licenses located in Cobar; and the Mount Jack project that consists of a granted exploration license located in Wilcannia.

West Cobar Metals Fundamentals Summary

How do West Cobar Metals's earnings and revenue compare to its market cap?
WC1 fundamental statistics
Market CapAU$8.72m
Earnings (TTM)-AU$504.15k
Revenue (TTM)AU$20.00k

437.5x

P/S Ratio

-17.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WC1 income statement (TTM)
RevenueAU$20.00k
Cost of RevenueAU$0
Gross ProfitAU$20.00k
ExpensesAU$524.15k
Earnings-AU$504.15k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.012
Gross Margin100.00%
Net Profit Margin-2,520.77%
Debt/Equity Ratio23.6%

How did WC1 perform over the long term?

See historical performance and comparison

Valuation

Is West Cobar Metals undervalued compared to its fair value and its price relative to the market?

29.41x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate WC1's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate WC1's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: WC1 is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: WC1 is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate WC1's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: WC1 is overvalued based on its PB Ratio (29.4x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is West Cobar Metals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.07%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as West Cobar Metals has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has West Cobar Metals performed over the past 5 years?

-1,632.5%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: WC1 is currently unprofitable.

Growing Profit Margin: WC1 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if WC1's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare WC1's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: WC1 is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: WC1 has a negative Return on Equity (-170.02%), as it is currently unprofitable.


Financial Health

How is West Cobar Metals's financial position?


Financial Position Analysis

Short Term Liabilities: WC1's short term assets (A$417.9K) exceed its short term liabilities (A$176.8K).

Long Term Liabilities: WC1 has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: WC1's debt to equity ratio (23.6%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if WC1's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if WC1 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if WC1 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is West Cobar Metals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate WC1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate WC1'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 WC1's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if WC1'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 WC1's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.4yrs

Average management tenure


CEO

David Pascoe

0.42

Tenure

Mr. David Pascoe has been the Chief Executive Officer of West Cobar Metals Limited since May 6, 2021. Mr. Pascoe is an experienced geologist with international and Australian experience. He received a BSC...


Leadership Team

Experienced Management: WC1's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: WC1's board of directors are not considered experienced ( 0.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: WC1 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: WC1 only recently listed within the past 12 months.


Top Shareholders

Company Information

West Cobar Metals Limited's employee growth, exchange listings and data sources


Key Information

  • Name: West Cobar Metals Limited
  • Ticker: WC1
  • Exchange: ASX
  • Founded: 2021
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$8.715m
  • Shares outstanding: 41.50m
  • Website: https://www.westcobarmetals.com.au

Location

  • West Cobar Metals Limited
  • 216 St Georges Terrace
  • Level 11
  • Perth
  • Western Australia
  • 6000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:22
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.