West African Resources Ltd
ASX:WAF

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West African Resources Ltd
ASX:WAF
Watchlist
Price: 2.16 AUD -2.7%
Market Cap: 2.5B AUD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one WAF stock under the Base Case scenario is 4.84 AUD. Compared to the current market price of 2.16 AUD, West African Resources Ltd is Undervalued by 55%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

WAF Relative Value
Base Case
4.84 AUD
Undervaluation 55%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

3.4
P/S
P/S
Price to Sales
3.4
vs History
17
vs Industry
42
Median 3Y
1.8
Median 5Y
2
Industry
1.8
Forward
1.8
More Details
11
P/E
P/E
Price to Earnings
11
vs History
17
vs Industry
19
Median 3Y
6.8
Median 5Y
7.3
Industry
16.1
Forward
5.6
More Details
9.8
P/OCF
P/OCF
Price to OCF
9.8
vs History
23
vs Industry
17
Median 3Y
6.5
Median 5Y
5.8
Industry
9.6
More Details
18.5
P/FCFE
P/FCFE
Price to FCFE
18.5
vs History
39
vs Industry
13
Median 3Y
7.8
Median 5Y
13.7
Industry
16
More Details
2
P/B
P/B
Price to Book Value
2
vs History
47
vs Industry
31
Median 3Y
1.6
Median 5Y
2
Industry
1.6
More Details
3.4
EV/S
EV/S
Enterprise Value to Sales
3.4
vs History
17
vs Industry
42
Median 3Y
1.5
Median 5Y
1.9
Industry
2.2
Forward
1.8
More Details
7
EV/GP
EV/GP
Enterprise Value to Gross Profit
7
vs History
14
vs Industry
38
Median 3Y
3.4
Median 5Y
3.6
Industry
7.3
More Details
7.5
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
7.5
vs History
14
vs Industry
20
Median 3Y
3.9
Median 5Y
4.1
Industry
10.4
Forward
3.1
More Details
7.5
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
7.5
vs History
14
vs Industry
22
Median 3Y
3.9
Median 5Y
4.1
Industry
13.2
Forward
3.5
More Details
9.8
EV/OCF
EV/OCF
Enterprise Value to OCF
9.8
vs History
23
vs Industry
19
Median 3Y
6.5
Median 5Y
5.8
Industry
11
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
12
Median 3Y
-11.4
Median 5Y
-4.3
Industry
14.6
More Details
1.6
EV/IC
EV/IC
Enterprise Value to IC
1.6
vs History
47
vs Industry
33
Median 3Y
1.3
Median 5Y
1.7
Industry
1.4
More Details

Multiples Across Competitors

WAF Competitors Multiples
West African Resources Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
AU
West African Resources Ltd
ASX:WAF
2.5B AUD 3.4 11 7.5 7.5
RU
Polyus PJSC
LSE:PLZL
70.4T USD 11 511.7 35 826.9 19 764.6 22 681.2
ZA
Gold Fields Ltd
JSE:GFI
393.1B Zac 0 0 0 0
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
160.1B Zac 0 0 0 0
CN
Zijin Mining Group Co Ltd
SSE:601899
493.8B CNY 1.6 13.7 11.6 11.6
US
Newmont Corporation
NYSE:NEM
65.3B USD 3.3 12.9 7.2 9.9
CA
Agnico Eagle Mines Ltd
TSX:AEM
84.4B CAD 6.9 26.1 11.5 16.4
CA
Wheaton Precious Metals Corp
TSX:WPM
56.6B CAD 28.4 66.8 39.7 53.5
CA
Barrick Gold Corp
TSX:ABX
49.7B CAD 2.7 15.6 5.5 7.6
CA
Franco-Nevada Corp
TSX:FNV
44.4B CAD 26.5 52.5 30 38.7
RU
Polyus PAO
MOEX:PLZL
2.4T RUB 3.5 7.9 6.1 6.7
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
AU
West African Resources Ltd
ASX:WAF
Average EV/EBITDA: 2 209.3
7.5
52%
0.1
RU
P
Polyus PJSC
LSE:PLZL
19 764.6
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
17%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
27%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
11.6
26%
0.4
US
Newmont Corporation
NYSE:NEM
7.2
6%
1.2
CA
Agnico Eagle Mines Ltd
TSX:AEM
11.5
9%
1.3
CA
Wheaton Precious Metals Corp
TSX:WPM
39.7
18%
2.2
CA
Barrick Gold Corp
TSX:ABX
5.5
16%
0.3
CA
Franco-Nevada Corp
TSX:FNV
30
17%
1.8
RU
Polyus PAO
MOEX:PLZL
6.1
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
AU
West African Resources Ltd
ASX:WAF
Average EV/EBIT: 2 537
7.5
40%
0.2
RU
P
Polyus PJSC
LSE:PLZL
22 681.2
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
18%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
34%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
11.6
19%
0.6
US
Newmont Corporation
NYSE:NEM
9.9
7%
1.4
CA
Agnico Eagle Mines Ltd
TSX:AEM
16.4
12%
1.4
CA
Wheaton Precious Metals Corp
TSX:WPM
53.5
16%
3.3
CA
Barrick Gold Corp
TSX:ABX
7.6
14%
0.5
CA
Franco-Nevada Corp
TSX:FNV
38.7
14%
2.8
RU
Polyus PAO
MOEX:PLZL
6.7
N/A N/A

See Also

Summary
WAF intrinsic value, competitors valuation, and company profile.
DCF Valuation
WAF stock valuation using Discount Cash Flow valuation method.
Relative Valuation
WAF stock valuation using valuation multiples.
Wall Street Estimates
WAF price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
WAF stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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