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: 0.07
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.775

27 Sep
2023

-0.010

OPEN

$0.78

-1.27%

HIGH

$0.79

2,372,521

LOW

$0.77

TARGET
$1.60 106.5% upside
OTHER COMPANIES IN THE SAME SECTOR
A1M . ADT . ALK . AMI . AUT . BC8 . BEZ . BGL . CAI . CEL . CMM . CYL . DCN . DEG . EMR . EVN . EVR . FND . GMD . GOR . GPR . HGO . IGO . KCN . KGL . MAU . MGV . MZZ . NCM . NST . NVA . OBM . ORR . PDI . PNR . PRU . RED . RMS . RRL . RSG . SBM . SLR . SSR . STM . STN . SVL . TBR . TIE . TTM . WGX .
FNARENA'S MARKET CONSENSUS FORECASTS
WAF: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 16.1 14.3 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx - 23.2% - 11.2% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 5.2 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 © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx16.1
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx606.1 M
Book Value Per Share xxxxxxxxxxxxxxx68.5
Net Operating Cash Flow xxxxxxxxxxxxxxx183.4 M
Net Profit Margin xxxxxxxxxxxxxxx27.13 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx26.84 %
Return on Invested Capital xxxxxxxxxxxxxxx26.37 %
Return on Assets xxxxxxxxxxxxxxx19.54 %
Return on Equity xxxxxxxxxxxxxxx26.84 %
Return on Total Capital xxxxxxxxxxxxxxx36.53 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx80.9 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 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx21 M
Long Term Debt xxxxxxxxxxxxxxx1 M
Total Debt xxxxxxxxxxxxxxx22 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx184 M
Price To Book Value xxxxxxxxxxxxxxx1.72

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx114.9 M
Capex % of Sales xxxxxxxxxxxxxxx18.95 %
Cost of Goods Sold xxxxxxxxxxxxxxx330 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx19 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

30/08/2023

1

Outperform

$1.60

106.45%

First half underlying earnings were in line with expectations. Net profit of $82m was below Macquarie's forecasts largely because of higher depreciation and tax charges.

West African Resources has retained 2023 guidance and Macquarie expects 224,000 ounces at an AISC of US$1163/oz. The broker assesses the business is well funded to develop Kiaka and retains an Outperform rating with a $1.60 target.

FORECAST
Macquarie forecasts a full year FY23 dividend of 0.00 cents and EPS of 14.30 cents.
Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of 15.80 cents.
Access Stockbroker Research History >

WAF STOCK CHART

FNArena News on WAF

1
FNArena Corporate Results Monitor – 30-08-2023

Aug 30 2023 - Australia
2
Australian Broker Call *Extra* Edition – Apr 12, 2023

Apr 12 2023 - Daily Market Reports
3
FNArena Corporate Results Monitor – 24-03-2023

Mar 24 2023 - Australia
4
Material Matters: The Outlook For Commodities

Dec 16 2022 - Commodities
5
Australian Broker Call *Extra* Edition – Sep 01, 2022

Sep 01 2022 - Daily Market Reports

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