Snowflake Score | |
---|---|
Valuation | 2/6 |
Future Growth | 1/6 |
Past Performance | 2/6 |
Financial Health | 6/6 |
Dividends | 1/6 |
WGX Stock Overview
Westgold Resources Limited engages in the exploration, development, mining, and treatment of gold assets primarily in Western Australia.
Westgold Resources Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | AU$1.22 |
52 Week High | AU$2.50 |
52 Week Low | AU$1.13 |
Beta | 0.34 |
1 Month Change | -10.83% |
3 Month Change | -36.55% |
1 Year Change | -35.37% |
3 Year Change | -33.24% |
5 Year Change | -31.45% |
Change since IPO | -28.53% |
Recent News & Updates
Shareholder Returns
WGX | AU Metals and Mining | AU Market | |
---|---|---|---|
7D | -4.3% | -0.7% | 2.8% |
1Y | -35.4% | -10.7% | -9.6% |
Return vs Industry: WGX underperformed the Australian Metals and Mining industry which returned -10.7% over the past year.
Return vs Market: WGX underperformed the Australian Market which returned -9.6% over the past year.
Price Volatility
WGX volatility | |
---|---|
WGX Average Weekly Movement | 7.8% |
Metals and Mining Industry Average Movement | 11.5% |
Market Average Movement | 9.8% |
10% most volatile stocks in AU Market | 16.5% |
10% least volatile stocks in AU Market | 4.3% |
Stable Share Price: WGX is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: WGX's weekly volatility (8%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
n/a | 1,051 | Wayne Bramwell | https://www.westgold.com.au |
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, Fortnum Gold Operations, and Cue Gold Operations that comprise approximately 350 mining titles covering an area of 1,300 square kilometers in the Central Murchison region. It also provides contract mining services.
Westgold Resources Fundamentals Summary
WGX fundamental statistics | |
---|---|
Market Cap | AU$575.30m |
Earnings (TTM) | AU$49.14m |
Revenue (TTM) | AU$580.38m |
11.7x
P/E Ratio1.0x
P/S RatioIs WGX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
WGX income statement (TTM) | |
---|---|
Revenue | AU$580.38m |
Cost of Revenue | AU$505.69m |
Gross Profit | AU$74.69m |
Other Expenses | AU$25.56m |
Earnings | AU$49.14m |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
Earnings per share (EPS) | 0.10 |
Gross Margin | 12.87% |
Net Profit Margin | 8.47% |
Debt/Equity Ratio | 0% |
How did WGX perform over the long term?
See historical performance and comparisonDividends
1.6%
Current Dividend Yield17%
Payout RatioValuation
Is WGX undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for WGX?
Other financial metrics that can be useful for relative valuation.
What is WGX's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | AU$575.30m |
Key Statistics | |
---|---|
Enterprise Value/Revenue | 0.9x |
Enterprise Value/EBITDA | 1.9x |
PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does WGX's PE Ratio compare to its peers?
WGX PE Ratio vs Peers |
---|
Company | PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 10.3x | ||
ALK Alkane Resources | 5.4x | -19.1% | AU$402.0m |
RMS Ramelius Resources | 6.9x | 14.5% | AU$828.4m |
RRL Regis Resources | 12.5x | 19.7% | AU$1.1b |
SLR Silver Lake Resources | 16.4x | 34.6% | AU$1.2b |
WGX Westgold Resources | 11.7x | n/a | AU$575.3m |
Price-To-Earnings vs Peers: WGX is expensive based on its Price-To-Earnings Ratio (11.7x) compared to the peer average (10.3x).
Price to Earnings Ratio vs Industry
How does WGX's PE Ratio compare vs other companies in the AU Metals and Mining Industry?
Price-To-Earnings vs Industry: WGX is expensive based on its Price-To-Earnings Ratio (11.7x) compared to the Australian Metals and Mining industry average (9.2x)
Price to Earnings Ratio vs Fair Ratio
What is WGX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
Fair Ratio | |
---|---|
Current PE Ratio | 11.7x |
Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate WGX's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of WGX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: WGX (A$1.22) is trading below our estimate of fair value (A$8.37)
Significantly Below Fair Value: WGX is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate WGX's PEG Ratio to determine if it is good value.
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Future Growth
How is Westgold Resources forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
13.5%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if WGX's forecast earnings growth is above the savings rate (1.8%).
Earnings vs Market: Insufficient data to determine if WGX's earnings are forecast to grow faster than the Australian market
High Growth Earnings: Insufficient data to determine if WGX's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: WGX's revenue (13.5% per year) is forecast to grow faster than the Australian market (5.2% per year).
High Growth Revenue: WGX's revenue (13.5% 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 (8.8%).
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Past Performance
How has Westgold Resources performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
53.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WGX has high quality earnings.
Growing Profit Margin: WGX's current net profit margins (8.5%) are lower than last year (12.8%).
Past Earnings Growth Analysis
Earnings Trend: WGX has become profitable over the past 5 years, growing earnings by 53.3% per year.
Accelerating Growth: WGX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WGX had negative earnings growth (-32.1%) over the past year, making it difficult to compare to the Metals and Mining industry average (57.3%).
Return on Equity
High ROE: WGX's Return on Equity (7.9%) is considered low.
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Financial Health
How is Westgold Resources's financial position?
Financial Health Score
6/6Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: WGX's short term assets (A$192.5M) exceed its short term liabilities (A$114.8M).
Long Term Liabilities: WGX's short term assets (A$192.5M) exceed its long term liabilities (A$182.4M).
Debt to Equity History and Analysis
Debt Level: WGX is debt free.
Reducing Debt: WGX had no debt 5 years ago.
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.
Balance Sheet
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Dividend
What is Westgold Resources's current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend Score 2/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
1.65%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WGX's dividend (1.65%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.73%).
High Dividend: WGX's dividend (1.65%) is low compared to the top 25% of dividend payers in the Australian market (6.67%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether WGX's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if WGX's dividend payments are increasing as they only just started paying a dividend.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (17.3%), WGX's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: WGX is paying a dividend but the company has no free cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
0.8yrs
Average management tenure
CEO
Wayne Bramwell (55 yo)
0.083
Tenure
AU$248,058
Compensation
Mr. Wayne Christopher Bramwell, B.Sc. (Mineral Science - Extractive Metallurgy), Grad Dip Bus, M.Sc. (Mineral Economics), GAICD, serves as Managing Director of Westgold Resources Limited since May 24, 2022...
Leadership Team
Experienced Management: WGX's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Members
Experienced Board: WGX's board of directors are not considered experienced ( 1 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: WGX insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.7%.
Top Shareholders
Company Information
Westgold Resources Limited's employee growth, exchange listings and data sources
Key Information
- Name: Westgold Resources Limited
- Ticker: WGX
- Exchange: CHIA
- Founded: NaN
- Industry: Gold
- Sector: Materials
- Implied Market Cap: AU$575.298m
- Shares outstanding: 473.50m
- Website: https://www.westgold.com.au
Number of Employees
Location
- Westgold Resources Limited
- 197 St Georges Terrace
- Level 6
- Perth
- Western Australia
- 6000
- Australia
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/06/28 00:00 |
End of Day Share Price | 2022/06/28 00:00 |
Earnings | 2021/12/31 |
Annual Earnings | 2021/06/30 |
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.