WEST AFRICAN RESOURCES LIMITED (WAF)
Share Price Analysis and Chart

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WAF - WEST AFRICAN RESOURCES LIMITED

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

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.19

05 Dec
2022

-0.040

OPEN

$1.27

-3.25%

HIGH

$1.29

1,745,472

LOW

$1.19

TARGET
$1.42 19.3% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
WAF: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 21.0 15.1 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 100.0% - 27.9% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 7.9 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx 0.0% 0.0% 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 © 2022 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx21.0
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx711.5 M
Book Value Per Share xxxxxxxxxxxxxxx51.4
Net Operating Cash Flow xxxxxxxxxxxxxxx304.9 M
Net Profit Margin xxxxxxxxxxxxxxx26.56 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Capital Employed xxxxxxxxxxxxxxx54.75 %
Return on Invested Capital xxxxxxxxxxxxxxx46.36 %
Return on Assets xxxxxxxxxxxxxxx28.31 %
Return on Equity xxxxxxxxxxxxxxx54.75 %
Return on Total Capital xxxxxxxxxxxxxxx73.22 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx256.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

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

Macquarie

31/10/2022

1

Outperform

$1.42

19.33%

West African Resources' September-quarter production missed Macquarie's forecasts by -7% while all in sustaining costs proved a tiny beat.

All up, Macquarie considers the company to be on track to meet 2022 guidance, with year-to-date production sitting on 78% of the guidance midpoint.

The broker says the company's next milestone will be the securing of a debt facility for Kiaka.

2022 EPS forecasts rise 1% to reflect the cost and sales beat.

Outperform rating and $1.42 target price retained.

FORECAST
Macquarie forecasts a full year FY22 dividend of 0.00 cents and EPS of 15.10 cents.
Macquarie forecasts a full year FY23 dividend of 0.00 cents and EPS of 11.60 cents.

WAF STOCK CHART