West African Resources Future Growth

Future criteria checks 6/6

West African Resources is forecast to grow earnings and revenue by 28.6% and 40.6% per annum respectively. EPS is expected to grow by 47.5% per annum. Return on equity is forecast to be 25.1% in 3 years.

Key information

28.6%

Earnings growth rate

47.5%

EPS growth rate

Metals and Mining earnings growth	28.1%
Revenue growth rate	40.6%
Future return on equity	25.1%
Analyst coverage	Low
Last updated	24 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:W25 - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	1,753	523	605	769	2
12/31/2025	1,126	311	255	536	2
12/31/2024	712	186	-223	264	2
6/30/2024	696	155	-84	215	N/A
3/31/2024	679	151	-52	212	N/A
12/31/2023	661	147	-20	209	N/A
9/30/2023	628	145	-34	202	N/A
6/30/2023	596	144	-49	195	N/A
3/31/2023	602	154	-23	189	N/A
12/31/2022	608	164	3	184	N/A
9/30/2022	688	191	116	266	N/A
6/30/2022	768	219	228	348	N/A
3/31/2022	740	204	235	349	N/A
12/31/2021	712	189	242	350	N/A
9/30/2021	616	170	190	274	N/A
6/30/2021	519	152	138	198	N/A
3/31/2021	415	121	84	173	N/A
12/31/2020	311	89	31	148	N/A
9/30/2020	185	46	-71	98	N/A
6/30/2020	59	2	-174	48	N/A
3/31/2020	30	-1	-195	21	N/A
12/31/2019	1	-4	-216	-7	N/A
12/31/2018	1	-7	-32	-8	N/A
9/30/2018	1	-22	-26	-21	N/A
6/30/2018	0	-25	-23	-23	N/A
3/31/2018	0	-23	N/A	-21	N/A
12/31/2017	0	-22	N/A	-19	N/A
9/30/2017	0	-16	N/A	-16	N/A
6/30/2017	0	-14	N/A	-14	N/A
3/31/2017	0	-13	N/A	-12	N/A
12/31/2016	0	-10	N/A	-10	N/A
9/30/2016	0	-9	N/A	-8	N/A
6/30/2016	0	-8	N/A	-6	N/A
3/31/2016	0	-7	N/A	-6	N/A
12/31/2015	0	-7	N/A	-6	N/A
9/30/2015	0	-8	N/A	-5	N/A
6/30/2015	0	-8	N/A	-5	N/A
3/31/2015	0	-8	N/A	-5	N/A
12/31/2014	0	-15	N/A	-5	N/A
9/30/2014	0	-14	N/A	-5	N/A
6/30/2014	0	-14	N/A	-5	N/A
3/31/2014	0	-15	N/A	-6	N/A
12/31/2013	0	-7	N/A	-7	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: W25's forecast earnings growth (28.6% per year) is above the savings rate (1%).

Earnings vs Market: W25's earnings (28.6% per year) are forecast to grow faster than the German market (20.9% per year).

High Growth Earnings: W25's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: W25's revenue (40.6% per year) is forecast to grow faster than the German market (5.6% per year).

High Growth Revenue: W25's revenue (40.6% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: W25's Return on Equity is forecast to be high in 3 years time (25.1%)

West African Resources Future Growth

Future criteria checks 6/6

Key information

Recent future growth updates

West African Resources Limited Provides Production Guidance for the Year 2023

West African Resources Limited Provides 2023 Production for its Sanbrado Gold Operations (Sanbrado) in Burkina Faso

West African Resources Limited Announces Production Guidance for the Full Year of 2022

Recent updates

Investor sentiment improves as stock rises 18%

Investor sentiment improves as stock rises 16%

COO & Executive Director recently sold €539k worth of stock

First half 2024 earnings released: EPS: AU$0.08 (vs AU$0.073 in 1H 2023)

New major risk - Share price stability

New minor risk - Shareholder dilution

Now 25% overvalued after recent price rise

West African Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 150.000001 million.

COO & Executive Director recently sold €695k worth of stock

Now 20% undervalued

Full year 2023 earnings released: EPS: AU$0.14 (vs AU$0.16 in FY 2022)

West African Resources Limited, Annual General Meeting, May 10, 2024

New major risk - Revenue and earnings growth

West African Resources Limited Appoints Ann Atkins as an Additional Company Secretary

New minor risk - Share price stability

First half 2023 earnings released: EPS: AU$0.073 (vs AU$0.093 in 1H 2022)

West African Resources Limited Provides Production Guidance for the Year 2023

Insufficient new directors

Full year 2022 earnings released: EPS: AU$0.16 (vs AU$0.21 in FY 2021)

West African Resources Limited Provides 2023 Production for its Sanbrado Gold Operations (Sanbrado) in Burkina Faso

West African Resources Limited Intercepts 20.5M At 2.98 G/T Gold At MV3 East

Founder recently sold €1.7m worth of stock

Less than half of directors are independent

West African Resources Limited Announces Board and Committee Changes

High number of new directors

First half 2022 earnings released: EPS: AU$0.093 (vs AU$0.074 in 1H 2021)

West African Resources Limited Announces Results of Its Feasibility Study for the Kiaka Gold Project

WAF Hits 15M At 5.8 G/T Gold in RC Drilling At MV3

West African Resources Limited Hits 13M At 5.3 G/T Gold in First Pass Drilling At MV3

High number of new and inexperienced directors

West African Resources Limited, Annual General Meeting, May 13, 2022

Full year 2021 earnings released: EPS: AU$0.21 (vs AU$0.10 in FY 2020)

West African Resources Limited Announces Production Guidance for the Full Year of 2022

West African Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 126.51 million.

Founder recently sold €881k worth of stock

West African Resources Limited (ASX:WAF) completed the acquisition of a 90% stake in Kiaka S.A from B2Gold Corp. (TSX:BTO) and GAMS-Mining F&I Ltd.

First half 2021 earnings released: EPS AU$0.074 (vs AU$0.003 in 1H 2020)

Full year 2020 earnings released: EPS AU$0.10 (vs AU$0.005 loss in FY 2019)

West African Resources Limited, Annual General Meeting, May 14, 2021

West African Resources Limited Announces Resource, Reserve and Production Guidance Update 2021

New 90-day low: €0.49

West African Resources Limited Appoints Rod Leonard as Lead Independent Director of the Board

West African Resources Limited Intercepts 6m At 20.6 G/T Gold and 6.5M At 16.1 G/T Gold Beneath Reserves At M1 South

West African Resources Limited(ASX:WAF) dropped from S&P/ASX Emerging Companies Index

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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