WESTERN AREAS LIMITED (WSA)
Share Price Analysis and Chart

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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

This is work in progress. Bear with us. It'll be amazing.

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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Access Stockbroker Research History >

WSA STOCK CHART

FNArena News on WSA

1
Australian Broker Call *Extra* Edition – Sep 24, 2021

10:00 AM - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Sep 23, 2021

Sep 23 2021 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 27-08-21

Aug 30 2021 - Weekly Reports
4
FNArena Corporate Results Monitor – 25-08-2021

Aug 25 2021 - Australia
5
Australian Broker Call *Extra* Edition – Aug 12, 2021

Aug 12 2021 - Daily Market Reports

Latest Nickel News

1
Nickel Mines’ Bumper Quarter Well Received

Jan 27 2021 - Australia
2
Odysseus Holds The Key To Western Areas

Nov 02 2020 - Australia
3
Nickel Mines An Emerging Force

Oct 21 2020 - Small Caps
4
Nickel Mines Poised For Price Recovery

Jul 10 2020 - Small Caps
5
SPONSORED: Galileo, Next Fraser Range Nickel Success Story?

Mar 04 2020 - FYI
6
IGO Dependent On Exploration Success

Feb 03 2020 - Australia
7
Independence Day?

Oct 29 2019 - Technicals
8
Cash Flowing For Western Areas

Jul 23 2019 - Australia
9
Nickel Takes The Limelight, But Will It Last?

Jul 19 2019 - Commodities
10
Exploration A Catalyst For Independence Group

May 01 2019 - Australia