WESTERN AREAS LIMITED (WSA)
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WSA - WESTERN AREAS LIMITED

FNArena Sector : Nickel
Year End: June
GICS Industry Group : Materials
Index: ASX300 | ALL-ORDS

Western Areas is an Australian based nickel miner and processor with two operations in Western Australia. The company was founded in 1999 and listed on the ASX in 2000.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.01

23 Sep
2021

0.040

OPEN

$3.00

1.35%

HIGH

$3.02

1,344,917

LOW

$2.93

TARGET
$3.01 0.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
IGO . MCR . PAN . HIG . POS . SRL . CLQ . NIC . CTM . LEG .
FNARENA'S MARKET CONSENSUS FORECASTS
WSA: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx - 2.7 3.2 xxx
DPS (cps) xxx 0.0 0.8 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 94.8 xxx
Dividend Yield xxx N/A 0.3% xxx
Div Pay Ratio(%) xxx N/A 25.2% 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

Last ex-div: 17/09 - 1c (100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx-2.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx257.2 M
Book Value Per Share xxxxxxxxxxxxxxx197.6
Net Operating Cash Flow xxxxxxxxxxxxxxx59.7 M
Net Profit Margin xxxxxxxxxxxxxxx-3.00 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Assets xxxxxxxxxxxxxxx-1.03 %
Return on Equity xxxxxxxxxxxxxxx-1.33 %
Return on Total Capital xxxxxxxxxxxxxxx-1.35 %
Capex xxxxxxxxxxxxxxx143.3 M
Capex % of Sales xxxxxxxxxxxxxxx55.72 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-69.9 M

Return on Assets

Return on Equity

Return on Total Capital

Capex

Capex % of Sales

Free Cash Flow ex dividends

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.2

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Credit Suisse

25/08/2021

3

Upgrade to Neutral from Underperform

$3.25

7.97%

Western Areas' FY21 result was broadly as expected, and Credit Suisse has upgraded the company to Neutral from Underperform having taken the view that existing shareholders have limited reason to sell while a takeover is being considered.

The broker's upgrade also acknowledges that an offer is not guaranteed and that a 19% premium is already built into the valuation.

Credit Suisse notes while the key downside risk to the company is if an offer doesn’t materialise, the risk beyond this is if nickel prices decline as per the broker's forecast. Upside is predominantly on 30%-plus premium offers.

Price target increases to $3.25 from $2.

FORECAST
Credit Suisse forecasts a full year FY22 dividend of 2.00 cents and EPS of minus -3.75 cents.
Credit Suisse forecasts a full year FY23 dividend of 0.00 cents and EPS of minus -4.83 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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WSA STOCK CHART