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WNAR.F Stock Overview

Western Areas Limited mines for, processes, and sells nickel sulphide concentrates and other base metals in Australia. More details

WNAR.F fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	3/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 88.3% below our estimate of its fair value

Became profitable this year

Risk Analysis

Earnings are forecast to decline by an average of 7.5% per year for the next 3 years

My Notes

Capture your thoughts, links and company narrative

Western Areas Limited Competitors

Ferroglobe

NasdaqCM:GSM

US$653.8m

Materion

NYSE:MTRN

US$2.0b

MP Materials

NYSE:MP

US$4.0b

Idaho Strategic Resources

NYSEAM:IDR

US$173.0m

Price History & Performance

Summary of share price highs, lows and changes for Western Areas
Historical stock prices
Current Share Price	AU$3.00
52 Week High	AU$3.00
52 Week Low	AU$1.59
Beta	1.22
1 Month Change	10.72%
3 Month Change	15.19%
1 Year Change	66.85%
3 Year Change	109.44%
5 Year Change	90.76%
Change since IPO	-30.83%

Recent updates

Shareholder Returns

	WNAR.F	US Metals and Mining	US Market
7D	19.8%	-3.0%	-2.2%
1Y	66.9%	10.3%	18.3%

Return vs Industry: WNAR.F exceeded the US Metals and Mining industry which returned -4.7% over the past year.

Return vs Market: WNAR.F exceeded the US Market which returned -20.6% over the past year.

Price Volatility

Is WNAR.F's price volatile compared to industry and market?
WNAR.F volatility
WNAR.F Average Weekly Movement	5.7%
Metals and Mining Industry Average Movement	8.0%
Market Average Movement	6.0%
10% most volatile stocks in US Market	17.8%
10% least volatile stocks in US Market	3.1%

Stable Share Price: WNAR.F has not had significant price volatility in the past 3 months.

Volatility Over Time: WNAR.F's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1999	n/a	Dan Lougher	www.westernareas.com.au

Western Areas Limited mines for, processes, and sells nickel sulphide concentrates and other base metals in Australia. It holds a 100% interest in the Forrestania project located in Western Australia. Western Areas Limited was incorporated in 1999 and is based in West Perth, Australia.

Western Areas Limited Fundamentals Summary

How do Western Areas's earnings and revenue compare to its market cap?
WNAR.F fundamental statistics
Market cap	US$880.17m
Earnings (TTM)	US$16.10m
Revenue (TTM)	US$221.16m

54.7x

P/E Ratio

4.0x

P/S Ratio

Is WNAR.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
WNAR.F income statement (TTM)
Revenue	AU$316.42m
Cost of Revenue	AU$174.56m
Gross Profit	AU$141.87m
Other Expenses	AU$118.83m
Earnings	AU$23.03m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.071
Gross Margin	44.83%
Net Profit Margin	7.28%
Debt/Equity Ratio	0%

How did WNAR.F perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2022/06/21 15:05
End of Day Share Price	2022/06/21 00:00
Earnings	2021/12/31
Annual Earnings	2021/06/30

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Western Areas Limited is covered by 22 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
David Radclyffe	BMO Capital Markets Equity Research
Sophie Spartalis	BofA Global Research
Larry Hill	Canaccord Genuity