Western Areas Ltd
ASX:WSA
Intrinsic Value
Western Areas Ltd. engages in mining, processing, and sale of nickel sulphide concentrate. [ Read More ]
There is not enough data to reliably calculate the intrinsic value of WSA.
Western Areas Ltd's market capitalization is 1.2B AUD.
WSA stock price is 3.86 AUD.
WSA.
WSA. Open DCF Valuation
WSA. Open Relative Valuation
WSA has downside potential of 2% compared to the average analyst price target.
Open Wall St Estimates
WSA's Revenue has grown by 15% over the past 12 months.
WSA's ROE (Return on Equity) has increased in the last 3 years from -1% to 4%.
WSA's ROIC (Return on Invested Capital) has increased in the last 3 years from -2% to 3%.
WSA has positive Operating Income for the last twelve months.
WSA's ROE (Return on Equity) for the past 12 months is very low and is equal to 4%.
WSA's ROIC (Return on Invested Capital) for the past 12 months is very low and is equal to 3%.
WSA has positive Net Income for the last twelve months.
WSA has a very low three-year average ROE (Return on Equity): 3%. The company is not efficient at transforming stockholders' equity into net income.
WSA has a very low three-year average ROIC (Return on Invested Capital): 3%. The company is not efficient at using invested capital to generate operating income.
WSA has positive Gross Profit for the last twelve months.
WSA has negative Free Cash Flow for the last twelve months.
WSA's short-term assets (212m AUD) exceed its short-term liabilties (76m AUD).
WSA's Altman Z-Score is very high and is equal to 4.04.
WSA's D/E (Debt to Equity) is very low and is equal to 0.02.
WSA's long-term assets (887m AUD) exceed its long-term liabilties (198m AUD).
WSA has negative Net Debt. This means that the company has more cash and short-term investments (143m AUD) than debt (13m AUD).
WSA doesn't generate enough operating income (31m AUD) to safely cover interest payments on its debt (-630k AUD).
Fundamental Analysis
Western Areas Ltd
Balance Sheet Decomposition
Western Areas Ltd
| Current Assets | 212.2m |
| Cash & Short-Term Investments | 142.6m |
| Receivables | 43.7m |
| Other Current Assets | 25.9m |
| Non-Current Assets | 674.3m |
| Long-Term Investments | 112.6m |
| PP&E | 561.2m |
| Intangibles | 510k |
| Other Non-Current Assets | 10k |
| Current Liabilities | 75.6m |
| Accrued Liabilities | 6.8m |
| Other Current Liabilities | 68.8m |
| Non-Current Liabilities | 122.1m |
| Long-Term Debt | 12.6m |
| Other Non-Current Liabilities | 109.4m |
Earnings Waterfall
Western Areas Ltd
|
Revenue
|
316.4m
AUD
|
|
Cost of Revenue
|
-174.6m
AUD
|
|
Gross Profit
|
141.9m
AUD
|
|
Operating Expenses
|
-110.9m
AUD
|
|
Operating Income
|
31m
AUD
|
|
Other Expenses
|
-7.9m
AUD
|
|
Net Income
|
23m
AUD
|
Free Cash Flow Analysis
Western Areas Ltd
What is Free Cash Flow?
WSA Profitability Score
Profitability Due Diligence
Western Areas Ltd's profitability score is 44/100. The higher the profitability score, the more profitable the company is.
Score
Western Areas Ltd's profitability score is 44/100. The higher the profitability score, the more profitable the company is.
WSA Solvency Score
Solvency Due Diligence
Western Areas Ltd's solvency score is 69/100. The higher the solvency score, the more solvent the company is.
Score
Western Areas Ltd's solvency score is 69/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
WSA Price Targets Summary
Western Areas Ltd
According to Wall Street analysts, the average 1-year price target for
WSA
is 3.77 AUD
.
Shareholder Return
WSA Price
Western Areas Ltd
| Average Annual Return | 8.83% |
| Standard Deviation of Annual Returns | 23.67% |
| Max Drawdown | -51% |
| Market Capitalization | 1.2B AUD |
| Shares Outstanding | 326 235 008 |
| Percentage of Shares Shorted |
N/A
|
Company Profile
Western Areas Ltd
Country
Industry
Market Cap
Dividend Yield
Description
Western Areas Ltd. engages in mining, processing, and sale of nickel sulphide concentrate. The company is headquartered in Perth, Western Australia. The company went IPO on 2000-07-28. The firm's principal activities include mining, processing and sale of nickel sulfide concentrates. The Company’s project includes Forrestania nickel, which is located approximately 400 kilometer (km) east of Perth in Western Australia. The firm's Forrestania project includes two nickel mines Flying Fox and Spotted Quoll. The firm holds the Cosmic Boy Concentrator, which treats the ore and produces nickel concentrate for sale. The firm also includes Cosmos Nickel Operation, which is located approximately 30 km north of Leinster. Its Cosmos lies in the heart of the prolific Leinster-Wiluna nickel camp. The firm is also developing nickel mine at the Odysseus Mine at its Cosmos Nickel Operation.
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