WEST AFRICAN RESOURCES LIMITED (WAF)
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WAF - WEST AFRICAN RESOURCES LIMITED

FNArena Sector : Gold & Silver
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: 0.46
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.30

22 Apr
2024

0.000

OPEN

$1.34

0.000

HIGH

$1.35

2,971,897

LOW

$1.29

TARGET
$1.60 23.1% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
WAF: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 16.3 xxx
DPS (cps) xxx N/A 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 7.8 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.00

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx14.3
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx658.8 M
Book Value Per Share xxxxxxxxxxxxxxx83.9
Net Operating Cash Flow xxxxxxxxxxxxxxx207.2 M
Net Profit Margin xxxxxxxxxxxxxxx22.29 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx18.81 %
Return on Invested Capital xxxxxxxxxxxxxxx17.32 %
Return on Assets xxxxxxxxxxxxxxx13.99 %
Return on Equity xxxxxxxxxxxxxxx18.81 %
Return on Total Capital xxxxxxxxxxxxxxx25.75 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-18.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx16 M
Long Term Debt xxxxxxxxxxxxxxx133 M
Total Debt xxxxxxxxxxxxxxx149 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx138 M
Price To Book Value xxxxxxxxxxxxxxx1.13

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx228.3 M
Capex % of Sales xxxxxxxxxxxxxxx34.66 %
Cost of Goods Sold xxxxxxxxxxxxxxx398 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx27 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

08/04/2024

1

Outperform

$1.60

23.08%

West African Resources has reported first quarter production of 56,000 ounces, reflecting a 12% beat to Macquarie's estimate, while sales of 49,500 ounces slightly disappointed the broker.

The broker points out the open pit and underground operations at Sanbrado both performed better than expected. 

As per the company, the first quarter performance sees West African Resources tracking well towards its full year production guidance of 190-210,000 ounces. 

The Outperform rating is retained and the target price increases to $1.60 from $1.50.

FORECAST
Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of 16.30 cents.
Macquarie forecasts a full year FY25 dividend of 5.00 cents and EPS of 12.30 cents.

WAF STOCK CHART