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

$1.61

13 Dec
2024

-0.030

OPEN

$1.58

-1.83%

HIGH

$1.64

4,763,842

LOW

$1.57

TARGET
$2.15 33.5% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
WAF: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 14.3 17.5 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx - 11.0% 22.1% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 9.2 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 xxxxxxxxxxxxxxx0 M

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

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Ord Minnett

24/10/2024

1

Buy

$2.10

30.43%

Following a review of yesterday's 3Q activities report for West African Resources, Ord Minnett raises its target to $2.10 from $2.05 and maintains a Buy rating.

The broker reiterates the investment case revolves around the successful delivery of the company's Kiaka project in Burkina Faso.

The extent to which the sovereign discount will diminish once the project transitions from growth to paying dividends is important, explains the analyst.

EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

14/10/2024

1

Buy

$3.60

123.60%

Canaccord Genuity highlights gold and gold equities have consistently outperformed during quantitative easing cycles, noting recent actions by central banks in the US, the ECB, Bank of Canada, and Swiss National Bank.

The broker lists other positives for the gold price including increasing ETF inflows, rising US debt levels, and escalation of geopolitical conflicts.

Canaccord's long-term US$ gold price forecast (from 2030) rises by 9% to US$2,963/oz and across 2024-29 estimates rise by 10% on average.

However, less than 50% of the 19 producers under research coverage by the broker will produce meaningful free cash flow in the September quarter, somewhat lessening the impact of record gold prices.

Across Canaccord's research coverage of intermediate/junior producers target prices rise by 17% on average.

For West African Resources, the broker's target rises to $3.60 from $3.15. Buy.

WAF STOCK CHART