Westgold Resources Limited engages in the exploration, development, mining, and treatment of gold assets primarily in Western Australia.
No risks detected for WGX from our risk checks.
Share Price & News
How has Westgold Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WGX is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: WGX's weekly volatility (5%) has been stable over the past year.
7 Day Return
AU Metals and Mining
1 Year Return
AU Metals and Mining
Return vs Industry: WGX underperformed the Australian Metals and Mining industry which returned 16.1% over the past year.
Return vs Market: WGX underperformed the Australian Market which returned 27.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Westgold Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StAs Westgold Resources Limited (ASX:WGX) drops to AU$708m market cap, insiders might rethink their AU$1.5m stock purchase earlier this year
3 months ago | Simply Wall StIs Westgold Resources Limited's (ASX:WGX) Latest Stock Performance A Reflection Of Its Financial Health?
3 months ago | Simply Wall StThe Westgold Resources (ASX:WGX) Share Price Is Up 40% And Shareholders Are Holding On
Westgold Resources Fundamentals Summary
|WGX fundamental statistics|
Is WGX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|WGX income statement (TTM)|
|Cost of Revenue||AU$455.46m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.18|
|Net Profit Margin||13.44%|
How did WGX perform over the long term?See historical performance and comparison
1.1%Current Dividend Yield
Is Westgold 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: WGX (A$1.79) is trading below our estimate of fair value (A$17.59)
Significantly Below Fair Value: WGX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: WGX is good value based on its PE Ratio (9.9x) compared to the Australian Metals and Mining industry average (12.1x).
PE vs Market: WGX is good value based on its PE Ratio (9.9x) compared to the Australian market (18.7x).
Price to Earnings Growth Ratio
PEG Ratio: WGX is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: WGX is good value based on its PB Ratio (1.2x) compared to the AU Metals and Mining industry average (2.8x).
How is Westgold Resources forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WGX's forecast earnings growth (14% per year) is above the savings rate (1.9%).
Earnings vs Market: WGX's earnings (14% per year) are forecast to grow faster than the Australian market (11.2% per year).
High Growth Earnings: WGX's earnings are forecast to grow, but not significantly.
Revenue vs Market: WGX's revenue (3.9% per year) is forecast to grow slower than the Australian market (5.1% per year).
High Growth Revenue: WGX's revenue (3.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WGX's Return on Equity is forecast to be low in 3 years time (12.3%).
How has Westgold Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WGX has high quality earnings.
Growing Profit Margin: WGX's current net profit margins (13.4%) are higher than last year (7%).
Past Earnings Growth Analysis
Earnings Trend: WGX has become profitable over the past 5 years, growing earnings by 59.2% per year.
Accelerating Growth: WGX's earnings growth over the past year (121.8%) exceeds its 5-year average (59.2% per year).
Earnings vs Industry: WGX earnings growth over the past year (121.8%) exceeded the Metals and Mining industry 43.2%.
Return on Equity
High ROE: WGX's Return on Equity (12.6%) is considered low.
How is Westgold Resources's financial position?
Financial Position Analysis
Short Term Liabilities: WGX's short term assets (A$222.5M) exceed its short term liabilities (A$118.2M).
Long Term Liabilities: WGX's short term assets (A$222.5M) exceed its long term liabilities (A$174.5M).
Debt to Equity History and Analysis
Debt Level: WGX is debt free.
Reducing Debt: WGX has no debt compared to 5 years ago when its debt to equity ratio was 62.2%.
Debt Coverage: WGX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: WGX has no debt, therefore coverage of interest payments is not a concern.
What is Westgold Resources's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WGX's dividend (1.12%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.33%).
High Dividend: WGX's dividend (1.12%) is low compared to the top 25% of dividend payers in the Australian market (5.26%).
Stability and Growth of Payments
Stable Dividend: WGX is not paying a notable dividend for the Australian market, therefore no need to check if payments are stable.
Growing Dividend: WGX is not paying a notable dividend for the Australian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: WGX is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of WGX's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ms. Debra A. Fullarton, also Debbie, has been Group Chief Executive Officer at Westgold Resources Limited since July 1, 2020. Ms. Fullarton served as Chief Financial Officer at Westgold Resources Ltd. sinc...
CEO Compensation Analysis
Compensation vs Market: Debbie's total compensation ($USD501.27K) is about average for companies of similar size in the Australian market ($USD714.50K).
Compensation vs Earnings: Debbie's compensation has increased by more than 20% in the past year.
Experienced Management: WGX's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: WGX's board of directors are not considered experienced ( 1.8 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Westgold Resources Limited's company bio, employee growth, exchange listings and data sources
- Name: Westgold Resources Limited
- Ticker: WGX
- Exchange: ASX
- Founded: NaN
- Industry: Gold
- Sector: Materials
- Market Cap: AU$756.949m
- Shares outstanding: 424.06m
- Website: https://www.westgold.com.au
Number of Employees
- Westgold Resources Limited
- 197 St Georges Terrace
- Level 6
- Western Australia
Westgold Resources Limited engages in the exploration, development, mining, and treatment of gold assets primarily in Western Australia. The company’s assets include the Meekatharra Gold Operations, Fortnu...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/16 15:27|
|End of Day Share Price||2021/09/16 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.