WAF Relative Valuation - West African Resources Ltd

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Price: 3.42 AUD -2.56% Market Closed

Market Cap: AU$3.9B

	West African Resources Ltd ASX:WAF	AU
	Cocrystal Pharma Inc NASDAQ:COCP	US
C	Cardiovascular Systems Inc F:R7Y1	US

Multiples-Based Value

The Multiples-Based Value of one WAF stock under the Base Case scenario is 4.17 AUD. Compared to the current market price of 3.42 AUD, West African Resources Ltd is Undervalued by 18%.

Multiples-Based 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.

What is relative valuation?

How is Multiples-Based Value calculated?

WAF Multiples-Based Value

Undervaluation 18%

Multiples-Based Value

Price AU$3.42

Worst Case

Base Case

Best Case

Valuation Multiples

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Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
AU		West African Resources Ltd ASX:WAF	4B AUD	2.5	8.2	4.5	4.5
RU	P	Polyus PJSC LSE:PLZL	70.4T USD	11 233.1	34 959.7	19 286.2	22 132.2
ZA	G	Gold Fields Ltd JSE:GFI	708.3B ZAR	4.8	11.8	7.2	8.5
ZA	H	Harmony Gold Mining Company Ltd JSE:HAR	175.7B ZAR	2.2	10.8	5.4	6.6
CN		Zijin Mining Group Co Ltd SSE:601899	928.2B CNY	2.7	18.3	13.3	13.3
US		Newmont Corporation NYSE:NEM	123.5B USD	5.4	17.4	8.9	11
CA		Agnico Eagle Mines Ltd TSX:AEM	147.4B CAD	9	24.1	13.2	16.6
CA		Barrick Mining Corp F:ABR0	61.9B EUR	4.2	14.4	7	8.7
CA		Barrick Gold Corp TSX:ABX	99.2B CAD	4.2	14.3	7	8.6
CA		Wheaton Precious Metals Corp TSX:WPM	92.2B CAD	28.2	44.3	34	40.5
HK	Z	Zijin Gold International Co Ltd HKEX:2259	479.6B HKD	11.4	38.3	18.6	21.4

				Revenue Growth	P/S to Growth
AU		West African Resources Ltd ASX:WAF	Average P/S: 1 028 2.5	28%	0.1
RU	P	Polyus PJSC LSE:PLZL	11 233.1	N/A	N/A
ZA	G	Gold Fields Ltd JSE:GFI	4.8	13%	0.4
ZA	H	Harmony Gold Mining Company Ltd JSE:HAR	2.2	22%	0.1
CN		Zijin Mining Group Co Ltd SSE:601899	2.7	15%	0.2
US		Newmont Corporation NYSE:NEM	5.4	10%	0.5
CA		Agnico Eagle Mines Ltd TSX:AEM	9	11%	0.8
CA		Barrick Mining Corp F:ABR0	4.2	15%	0.3
CA		Barrick Gold Corp TSX:ABX	4.2	15%	0.3
CA		Wheaton Precious Metals Corp TSX:WPM	28.2	19%	1.5
HK	Z	Zijin Gold International Co Ltd HKEX:2259	11.4	36%	0.3

				Earnings Growth	PEG
AU		West African Resources Ltd ASX:WAF	Average P/E: 3 196.5 8.2	35%	0.2
RU	P	Polyus PJSC LSE:PLZL	34 959.7	N/A	N/A
ZA	G	Gold Fields Ltd JSE:GFI	11.8	13%	0.9
ZA	H	Harmony Gold Mining Company Ltd JSE:HAR	10.8	48%	0.2
CN		Zijin Mining Group Co Ltd SSE:601899	18.3	23%	0.8
US		Newmont Corporation NYSE:NEM	17.4	19%	0.9
CA		Agnico Eagle Mines Ltd TSX:AEM	24.1	14%	1.7
CA		Barrick Mining Corp F:ABR0	14.4	17%	0.8
CA		Barrick Gold Corp TSX:ABX	14.3	17%	0.8
CA		Wheaton Precious Metals Corp TSX:WPM	44.3	17%	2.6
HK	Z	Zijin Gold International Co Ltd HKEX:2259	38.3	46%	0.8

				EBITDA Growth	EV/EBITDA to Growth
AU		West African Resources Ltd ASX:WAF	Average EV/EBITDA: 1 764.1 4.5	33%	0.1
RU	P	Polyus PJSC LSE:PLZL	19 286.2	N/A	N/A
ZA	G	Gold Fields Ltd JSE:GFI	7.2	16%	0.5
ZA	H	Harmony Gold Mining Company Ltd JSE:HAR	5.4	38%	0.1
CN		Zijin Mining Group Co Ltd SSE:601899	13.3	31%	0.4
US		Newmont Corporation NYSE:NEM	8.9	15%	0.6
CA		Agnico Eagle Mines Ltd TSX:AEM	13.2	14%	0.9
CA		Barrick Mining Corp F:ABR0	7	21%	0.3
CA		Barrick Gold Corp TSX:ABX	7	21%	0.3
CA		Wheaton Precious Metals Corp TSX:WPM	34	19%	1.8
HK	Z	Zijin Gold International Co Ltd HKEX:2259	18.6	40%	0.5

				EBIT Growth	EV/EBIT to Growth
AU		West African Resources Ltd ASX:WAF	Average EV/EBIT: 2 024.7 4.5	27%	0.2
RU	P	Polyus PJSC LSE:PLZL	22 132.2	N/A	N/A
ZA	G	Gold Fields Ltd JSE:GFI	8.5	11%	0.8
ZA	H	Harmony Gold Mining Company Ltd JSE:HAR	6.6	37%	0.2
CN		Zijin Mining Group Co Ltd SSE:601899	13.3	N/A	N/A
US		Newmont Corporation NYSE:NEM	11	17%	0.6
CA		Agnico Eagle Mines Ltd TSX:AEM	16.6	17%	1
CA		Barrick Mining Corp F:ABR0	8.7	23%	0.4
CA		Barrick Gold Corp TSX:ABX	8.6	23%	0.4
CA		Wheaton Precious Metals Corp TSX:WPM	40.5	11%	3.7
HK	Z	Zijin Gold International Co Ltd HKEX:2259	21.4	N/A	N/A

West African Resources Ltd
ASX:WAF

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

WAF Competitors Multiples
West African Resources Ltd Competitors

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Stocks

West African Resources Ltd ASX:WAF

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

WAF Competitors Multiples West African Resources Ltd Competitors

See Also

Company

Help

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Stocks

West African Resources Ltd
ASX:WAF

WAF Competitors Multiples
West African Resources Ltd Competitors