Projected Income Statement: West African Resources Limited

Forecast Balance Sheet: West African Resources Limited

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 147 -158 -151 -135 34.3 -199 -1,257 -2,009
Change - -207.48% 4.43% 10.6% 125.41% -680.14% -531.66% -59.82%
Announcement Date 26/03/21 30/03/22 19/03/23 13/03/24 05/03/25 - - -
1AUD in Million
Estimates

Cash Flow Forecast: West African Resources Limited

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
CAPEX 1 - 108 180.8 225.4 485.2 465.8 71.52 55.02
Change - - 67.46% 24.67% 115.26% -3.98% -84.65% -23.07%
Free Cash Flow (FCF) 1 30.73 241.7 3.311 -16.77 -233.5 335.7 1,282 1,403
Change - 686.6% -98.63% -606.4% -1,292.74% 243.76% 281.85% 9.45%
Announcement Date 26/03/21 30/03/22 19/03/23 13/03/24 05/03/25 - - -
1AUD in Million
Estimates

Forecast Financial Ratios: West African Resources Limited

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) 57% 62.45% 52.3% 48.9% 55.49% 58.65% 64.76% 61.22%
EBIT Margin (%) 49.27% 54.4% 42.54% 35.75% 45.18% 50.12% 61.68% 55.14%
EBT Margin (%) 45.43% 45.15% 42.35% 36.46% 46.86% 49.94% 60.59% 54.35%
Net margin (%) 28.72% 26.53% 27.04% 22.21% 30.66% 35.41% 40.62% 38.82%
FCF margin (%) 9.87% 33.94% 0.54% -2.54% -31.99% 21.95% 39.79% 46.55%
FCF / Net Income (%) 34.38% 127.91% 2.01% -11.42% -104.32% 61.99% 97.96% 119.9%

Profitability

        
ROA - 28.31% - 13.99% 14.01% 19% 36% 31%
ROE 73.98% 54.75% 26.84% 18.81% 21.24% 33.08% 49.57% 32.96%

Financial Health

        
Leverage (Debt/EBITDA) 0.83x - - - 0.08x - - -
Debt / Free cash flow 4.79x - - - -0.15x - - -

Capital Intensity

        
CAPEX / Current Assets (%) - 15.16% 29.72% 34.09% 66.46% 30.46% 2.22% 1.83%
CAPEX / EBITDA (%) - 24.28% 56.84% 69.7% 119.77% 51.93% 3.43% 2.98%
CAPEX / FCF (%) - 44.67% 5,460.19% -1,344.18% -207.76% 138.76% 5.58% 3.92%

Items per share

        
Cash flow per share 1 0.168 0.3833 0.1785 0.2023 0.2317 0.6668 1.293 1.193
Change - 128.15% -53.43% 13.33% 14.53% 187.76% 93.87% -7.74%
Dividend per Share 1 - - - - - - 0.1933 0.2567
Change - - - - - - - 32.76%
Book Value Per Share 1 0.188 0.5144 0.6849 0.8391 1.154 1.545 2.504 3.233
Change - 173.62% 33.15% 22.51% 37.59% 33.8% 62.11% 29.1%
EPS 1 0.112 0.207 0.159 0.142 0.206 0.439 1.09 0.9683
Change - 84.82% -23.19% -10.69% 45.07% 113.11% 148.22% -11.14%
Nbr of stocks (in thousands) 8,78,683 10,20,774 10,22,842 10,26,113 11,39,777 11,42,329 11,42,329 11,42,329
Announcement Date 26/03/21 30/03/22 19/03/23 13/03/24 05/03/25 - - -
1AUD
Estimates
2025 *2026 *
P/E ratio 8.22x 3.31x
PBR 2.34x 1.44x
EV / Sales 2.61x 0.91x
Yield - 5.36%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
3.610AUD
Average target price
5.250AUD
Spread / Average Target
+45.43%

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. WAF Stock
  4. Financials West African Resources Limited