Westgold Resources Limited

CHIA:WGX Stock Report

Market Cap: AU$5.4b

Westgold Resources Valuation

Is WGX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

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.

AU$26.25
Fair Value
78.4% undervalued intrinsic discount
5
Number of Analysts

Below Fair Value: WGX (A$5.68) is trading below our estimate of fair value (A$26.25)

Significantly Below Fair Value: WGX is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WGX?

Key metric: As WGX is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for WGX. This is calculated by dividing WGX's market cap by their current revenue.
What is WGX's PS Ratio?
PS Ratio4x
SalesAU$1.36b
Market CapAU$5.38b

Price to Sales Ratio vs Peers

How does WGX's PS Ratio compare to its peers?

The above table shows the PS ratio for WGX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average6.1x
CMM Capricorn Metals
11.8x26.69%AU$6.1b
RMS Ramelius Resources
5.7x11.12%AU$6.9b
RRL Regis Resources
3.2x4.57%AU$5.3b
PRU Perseus Mining
3.7x13.62%AU$7.1b
WGX Westgold Resources
4x19.90%AU$5.4b

Price-To-Sales vs Peers: WGX is good value based on its Price-To-Sales Ratio (4x) compared to the peer average (6.1x).

Price to Sales Ratio vs Industry

How does WGX's PS Ratio compare vs other companies in the AU Metals and Mining Industry?

109 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.123.0x6.8%
WGX Westgold Resources
 4x19.90%US$3.50b
BHP BHP Group
2.8x-0.032%US$141.25b
FMG Fortescue
2.6x-1.72%US$40.47b
WGX 4.0xIndustry Avg. 123.0xNo. of Companies108PS020406080100+
109 CompaniesEstimated GrowthMarket Cap
Industry Avg.123.0x15.8%
WGX Westgold Resources
 4x47.14%US$3.50b
No more companies

Price-To-Sales vs Industry: WGX is good value based on its Price-To-Sales Ratio (4x) compared to the Australian Metals and Mining industry average (121.8x).

Price to Sales Ratio vs Fair Ratio

What is WGX's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WGX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4x
Fair PS Ratio2.2x

Price-To-Sales vs Fair Ratio: WGX is expensive based on its Price-To-Sales Ratio (4x) compared to the estimated Fair Price-To-Sales Ratio (2.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst WGX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$5.68
AU$6.83
+20.29%
10.66%AU$7.85AU$5.81n/a5
Nov ’26AU$5.31
AU$6.78
+27.64%
10.73%AU$7.80AU$5.77n/a5
Oct ’26AU$4.95
AU$5.75
+16.18%
3.27%AU$6.00AU$5.49n/a5
Sep ’26AU$3.69
AU$4.13
+12.05%
11.97%AU$5.08AU$3.75n/a5
Aug ’26AU$2.54
AU$3.95
+55.94%
18.76%AU$5.34AU$3.29n/a5
Jul ’26AU$2.90
AU$4.01
+38.28%
10.93%AU$4.54AU$3.56n/a4
Jun ’26AU$3.03
AU$3.87
+27.67%
9.42%AU$4.45AU$3.49n/a4
May ’26AU$2.79
AU$3.91
+40.13%
10.42%AU$4.57AU$3.51n/a4
Apr ’26AU$2.81
AU$3.82
+36.12%
7.24%AU$4.21AU$3.44n/a4
Mar ’26AU$2.51
AU$3.53
+40.59%
11.06%AU$4.17AU$3.12n/a4
Feb ’26AU$2.58
AU$3.98
+54.42%
10.60%AU$4.67AU$3.61n/a4
Jan ’26AU$2.85
AU$4.25
+49.56%
7.40%AU$4.76AU$3.94n/a4
Dec ’25AU$2.86
AU$3.85
+34.79%
10.38%AU$4.48AU$3.49n/a4
Nov ’25AU$3.09
AU$3.80
+23.00%
9.65%AU$4.39AU$3.49AU$5.314
Oct ’25AU$2.57
AU$3.27
+27.37%
4.86%AU$3.44AU$3.10AU$4.954
Sep ’25AU$3.04
AU$3.23
+6.20%
7.82%AU$3.55AU$2.93AU$3.693
Aug ’25AU$2.66
AU$3.30
+24.40%
7.54%AU$3.61AU$3.00AU$2.543
Jul ’25AU$2.43
AU$3.12
+28.46%
7.26%AU$3.28AU$2.80AU$2.903
Jun ’25AU$2.29
AU$2.92
+27.36%
18.26%AU$3.30AU$2.16AU$3.033
May ’25AU$2.16
AU$2.76
+28.25%
20.54%AU$3.33AU$2.20AU$2.792
Apr ’25AU$2.60
AU$2.81
+8.25%
3.17%AU$2.90AU$2.73AU$2.812
Mar ’25AU$1.95
AU$2.63
+34.50%
4.75%AU$2.75AU$2.50AU$2.512
Feb ’25AU$2.26
AU$2.64
+16.93%
4.76%AU$2.77AU$2.52AU$2.582
Jan ’25AU$2.17
AU$2.43
+12.30%
2.65%AU$2.50AU$2.37AU$2.852
Dec ’24AU$2.13
AU$2.32
+8.90%
1.39%AU$2.35AU$2.29AU$2.862
Nov ’24AU$2.08
AU$2.29
+10.12%
4.07%AU$2.38AU$2.20AU$3.092
AU$6.82
Fair Value
16.7% undervalued intrinsic discount
5
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/14 16:57
End of Day Share Price 2025/11/14 00:00
Earnings2025/06/30
Annual Earnings2025/06/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 Github.

Analyst Sources

Westgold Resources Limited is covered by 7 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tim McCormackCanaccord Genuity
Hugo NicolaciGoldman Sachs
Andrew BowlerMacquarie Research