ASX/WAF (ASX/WAF)

Australian Securities Exchange: ASX/WAF · AUD

A$3.39

+0.02 (+0.6%)· Recorded snapshot

Market cap	3.9B
Revenue (ttm)	2.5B
Net income (ttm)	639.5M
EPS (ttm)	A$0.56
Shares out	1.1B
P/E (trailing)	6.1x
P/E (forward)	4.9x
Dividend	A$0.20 (5.90%)
Volume	3,911,402
Beta	1.12

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 2.5B
Net income (ttm): 639.5M
EPS (ttm): A$0.56
P/E (trailing): 6.1x
P/E (forward): 4.9x
Market cap: 3.9B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-29 19:55 UTC

Forward P/E4.9

P25 n/aP50 n/aP75 n/a

Trailing P/E6.1

P25 n/aP50 n/aP75 n/a

ROE45.7

P25 n/aP50 n/aP75 n/a

ROIC56.7

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

S&P 500+0.6%

Nasdaq Composite-2.3%

Dow Jones Industrial Average+1.9%

Russell 2000+1.8%

All ASX/WAF indicators

Market & fundamental data

Available fields

255

Groups with data

Currency

AUD

Showing 255 of 255 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	AUD
Country	Australia
Country code	AU
Earnings date	2026-10-27
Employees	729
Employees change	179
Employees growth	32.55%
Enterprise value	AUD 3.4B
Exchange	Australian Securities Exchange
Financial currency	AUD
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	2006
In index	ASX200
Industry	Gold
Is primary listing	Yes
ISIN number	AU000000WAF6
Last earnings date	2026-10-27
Last refreshed	2026-10-29
Market cap	AUD 3.9B
Price	AUD 3.39
Price currency	AUD
Sector	Materials
SIC code	1040
Stock price date	2026-10-29
Symbol	asx/WAF
Website	https://www.westafricanresources.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (10Y)	25.6x
Average P/E ratio (3Y)	7.78x
Average P/E ratio (5Y)	7.14x
Earnings yield	16.4%
EV/Earnings	5.39x
EV/EBIT	2.63x
EV/EBITDA	2.38x
EV/FCF	3.69x
EV/Sales	1.36x
FCF / EV yield	27.11%
FCF yield	24.11%
Forward P/E	4.86x
Graham number	4.62921
Graham upside	36.55%
Industry forward P/E	13.31x
Industry P/E	16.21x
Lynch fair value	AUD 13.90
Lynch upside	310.12%
P/(FCF - SBC) ratio	4.18x
P/(OCF - SBC) ratio	2.95x
P/B ratio	1.94x
P/E ratio	6.1x
P/FCF ratio	4.15x
P/OCF ratio	2.94x
P/S ratio	1.53x
Price / tangible book value	1.98x
Price/EBITDA ratio	2.69x
Sector forward P/E	15.69x
Sector P/E	22.13x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	51.94%
EBITDA margin	56.98%
Effective tax rate	34.02%
FCF margin	36.97%
Gross margin	59.13%
Operating margin	51.94%
Pretax margin	47.32%
Profit margin	25.29%
Profit per employee	AUD 877,229
Profitable quarters	24
Profitable years	6
Revenue per employee	AUD 3.5M
ROA	30.57%
ROA (5Y)	20.86%
ROCE	54.3%
ROE	45.7%
ROE (5Y)	33.31%
ROIC	56.65%
ROIC (5Y)	36.53%
SBC / revenue	0.24%
Tax / revenue	16.1%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	93.78%
EPS growth (Q)	88.27%
EPS growth (QoQ)	21.49%
EPS growth 3Y	58.76%
EPS growth 5Y	26.81%
EPS growth quarters	4
EPS growth years	2
FCF growth (QoQ)	8.86%
FCF growth 5Y	46.57%
Gross profit growth	227.51%
Gross profit growth (Q)	234.64%
Gross profit growth 3Y	85.39%
Gross profit growth 5Y	39.82%
Net income growth	95.31%
Net income growth (Q)	89.13%
Net income growth (QoQ)	21.97%
Net income growth 3Y	64.36%
Net income growth 5Y	33.34%
Net income growth quarters	4
Net income growth years	2
OCF growth	347.82%
OCF growth (Q)	332.48%
OCF growth (QoQ)	9.45%
OCF growth 3Y	89.27%
OCF growth 5Y	46.16%
Operating income growth	206.35%
Operating income growth (Q)	201.51%
Operating income growth 3Y	83.84%
Operating income growth 5Y	37.82%
Revenue growth	193.02%
Revenue growth (Q)	206.45%
Revenue growth (QoQ)	37.25%
Revenue growth 10Y	252.3%
Revenue growth 3Y	61.92%
Revenue growth 5Y	37.25%
Revenue growth quarters	4
Revenue growth years	3

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	AUD -385.3M
Depreciation and amortization	AUD 127.4M
EBIT	AUD 1.3B
EBITDA	AUD 1.4B
EPS	AUD 0.56
FCF per share	AUD 0.82
Financing cash flow	AUD -297.3M
Free cash flow	AUD 934.7M
Free cash flow minus SBC	AUD 928.6M
Gross profit	AUD 1.5B
Income taxes	AUD 407M
Investing cash flow	AUD -385.3M
Net borrowing	AUD -70.5M
Net cash flow	AUD 597.1M
Net income	AUD 639.5M
Operating cash flow minus SBC	AUD 1.3B
Operating income	AUD 1.3B
Revenue	AUD 2.5B
Stock-based compensation	AUD 6.1M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	5.02
Book value per share	AUD 1.71
Debt / EBITDA	0.28
Debt / equity	0.21
Debt / FCF	0.44
Interest coverage	23.12
Long-term assets	AUD 1.8B
Long-term liabilities	AUD 424M
Net cash (debt)	AUD 465.1M
Net cash / market cap	12%
Net debt / EBITDA	-0.32
Net debt / equity	-0.23
Net debt / FCF	-0.5
Piotroski F-Score	8
Property, plant and equipment	AUD 1.8B
Shareholders' equity	AUD 2B
Tangible book value	AUD 2B
Tangible book value per share	AUD 1.71
Total assets	AUD 3.1B
Total cash	AUD 876.3M
Total debt	AUD 411.2M
Total liabilities	AUD 1.1B
WACC	10.29%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.94
Current assets	AUD 1.3B
Current liabilities	AUD 684.3M
Current ratio	1.97
Inventory turnover	4.49
Net working capital	AUD -88M
Quick ratio	1.52
Working capital	AUD 665.2M
Working capital turnover	5.42

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-0.49%
Dividend growth	0%
Dividend growth years	0
Dividend payment date	2026-10-07
Dividend payment years	1
Dividend per share	AUD 0.20
Dividend yield	5.9%
Ex-dividend date	2026-09-17
FCF payout ratio	24.47%
Last dividend	AUD 0.20
Payout ratio	35.96%
Shareholder yield	5.41%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	1,011.48%
10Y return CAGR	27.92%
10Y total return	1,073.23%
150-day SMA	AUD 3.28
15Y price change	927.27%
15Y return CAGR	17.22%
15Y total return	984.34%
1D price change	0.59%
1M price change	-1.74%
1M total return	-1.74%
1W price change	0.3%
1W total return	0.3%
1Y price change	11.51%
1Y return CAGR	17.72%
1Y total return	17.71%
20-day SMA	AUD 3.47
200-day SMA	AUD 3.30
3M price change	16.9%
3M total return	23.39%
3Y price change	358.11%
3Y return CAGR	69.08%
3Y total return	383.56%
50-day SMA	AUD 3.62
50-day SMA vs 200-day SMA	50over200
52-week high	AUD 4.06
52-week high date	2026-09-10
52-week low	AUD 2.51
52-week low date	2025-11-26
5Y price change	167.98%
5Y return CAGR	23.12%
5Y total return	182.87%
6M price change	13.76%
6M total return	20.08%
All-time high	AUD 4.06
All-time high date	2026-09-10
All-time low	AUD 0.05
All-time low date	2016-02-22
Average true range (ATR)	AUD 0.14
Average volume	4.9M
Beta (1Y)	1.26
Beta (2Y)	1.31
Beta (5Y)	1.12
Change from 52-week high	-16.5%
Change from 52-week low	35.06%
Change from all-time high	-16.5%
Change from all-time low	6,962.5%
Change from open	-1.45%
Day's gap	2.08%
Dollar volume	AUD 13.3M
High price	AUD 3.53
Low price	AUD 3.36
Monthly RSI	60.12
Open price	AUD 3.44
Position in 52-week range	17.65%
Previous close	AUD 3.37
Price vs 150-day SMA	3.48%
Price vs 20-day SMA	-2.33%
Price vs 200-day SMA	2.79%
Price vs 50-day SMA	-6.22%
Relative volume	0.8
RSI	46.13
Sharpe ratio	1.08
Sharpe ratio (3Y)	1.1
Sharpe ratio (5Y)	0.66
Sortino ratio	1.73
Sortino ratio (3Y)	1.7
Sortino ratio (5Y)	1.05
Volume	3.9M
Weekly RSI	51.14
YTD price change	13%
YTD total return	19.28%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	921.9M
Shares change (QoQ)	0.27%
Shares change (YoY)	0.49%
Shares held by insiders	6.72%
Shares held by institutions	58.69%
Shares outstanding	1.1B

Deeper analysis on ASX/WAF

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Scorecard

Six-factor overlay and 9-category weighted scorecard.

→

Recommendation

Final action, action steps, opportunity, and biggest risk.

→

Perspectives

Growth, value, and income investor reads.

→

Frequently asked questions

About this ASX/WAF report

Is a complete ASX/WAF research report available?

No complete published report is available for asx/WAF (ASX/WAF) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

Market cap

3.9B

Revenue (ttm)

2.5B

Net income (ttm)

639.5M

EPS (ttm)

A$0.56

Shares out

1.1B

P/E (trailing)

6.1x

P/E (forward)

4.9x

Dividend

A$0.20 (5.90%)

Volume

3,911,402

Beta

1.12

Metric

Value

Amount currency

AUD

Country

Australia

Country code

Earnings date

2026-10-27

Employees

729

Employees change

179

Employees growth

32.55%

Enterprise value

AUD 3.4B

Exchange

Australian Securities Exchange

Financial currency

AUD

Financial report date

2026-06-30

First seen

2026-05-10

Fiscal year end

December

Founded

2006

In index

ASX200

Industry

Gold

Is primary listing

Yes

ISIN number

AU000000WAF6

Last earnings date

2026-10-27

Last refreshed

2026-10-29

Market cap

AUD 3.9B

Price

AUD 3.39

Price currency

AUD

Sector

Materials

SIC code

1040

Stock price date

2026-10-29

Symbol

asx/WAF

Website

https://www.westafricanresources.com

Metric

Value

Average P/E ratio (10Y)

25.6x

Average P/E ratio (3Y)

7.78x

Average P/E ratio (5Y)

7.14x

Earnings yield

16.4%

EV/Earnings

5.39x

EV/EBIT

2.63x

EV/EBITDA

2.38x

EV/FCF

3.69x

EV/Sales

1.36x

FCF / EV yield

27.11%

FCF yield

24.11%

Forward P/E

4.86x

Graham number

4.62921

Graham upside

36.55%

Industry forward P/E

13.31x

Industry P/E

16.21x

Lynch fair value

AUD 13.90

Lynch upside

310.12%

P/(FCF - SBC) ratio

4.18x

P/(OCF - SBC) ratio

2.95x

P/B ratio

1.94x

P/E ratio

6.1x

P/FCF ratio

4.15x

P/OCF ratio

2.94x

P/S ratio

1.53x

Price / tangible book value

1.98x

Price/EBITDA ratio

2.69x

Sector forward P/E

15.69x

Sector P/E

22.13x

Metric

Value

EBIT margin

51.94%

EBITDA margin

56.98%

Effective tax rate

34.02%

FCF margin

36.97%

Gross margin

59.13%

Operating margin

51.94%

Pretax margin

47.32%

Profit margin

25.29%

Profit per employee

AUD 877,229

Profitable quarters

Profitable years

Revenue per employee

AUD 3.5M

ROA

30.57%

ROA (5Y)

20.86%

ROCE

54.3%

ROE

45.7%

ROE (5Y)

33.31%

ROIC

56.65%

ROIC (5Y)

36.53%

SBC / revenue

0.24%

Tax / revenue

16.1%

Metric

Value

EPS growth

93.78%

EPS growth (Q)

88.27%

EPS growth (QoQ)

21.49%

EPS growth 3Y

58.76%

EPS growth 5Y

26.81%

EPS growth quarters

EPS growth years

FCF growth (QoQ)

8.86%

FCF growth 5Y

46.57%

Gross profit growth

227.51%

Gross profit growth (Q)

234.64%

Gross profit growth 3Y

85.39%

Gross profit growth 5Y

39.82%

Net income growth

95.31%

Net income growth (Q)

89.13%

Net income growth (QoQ)

21.97%

Net income growth 3Y

64.36%

Net income growth 5Y

33.34%

Net income growth quarters

Net income growth years

OCF growth

347.82%

OCF growth (Q)

332.48%

OCF growth (QoQ)

9.45%

OCF growth 3Y

89.27%

OCF growth 5Y

46.16%

Operating income growth

206.35%

Operating income growth (Q)

201.51%

Operating income growth 3Y

83.84%

Operating income growth 5Y

37.82%

Revenue growth

193.02%

Revenue growth (Q)

206.45%

Revenue growth (QoQ)

37.25%

Revenue growth 10Y

252.3%

Revenue growth 3Y

61.92%

Revenue growth 5Y

37.25%

Revenue growth quarters

Revenue growth years

Metric

Value

Capital expenditures

AUD -385.3M

Depreciation and amortization

AUD 127.4M

EBIT

AUD 1.3B

EBITDA

AUD 1.4B

EPS

AUD 0.56

FCF per share

AUD 0.82

Financing cash flow

AUD -297.3M

Free cash flow

AUD 934.7M

Free cash flow minus SBC

AUD 928.6M

Gross profit

AUD 1.5B

Income taxes

AUD 407M

Investing cash flow

AUD -385.3M

Net borrowing

AUD -70.5M

Net cash flow

AUD 597.1M

Net income

AUD 639.5M

Operating cash flow minus SBC

AUD 1.3B

Operating income

AUD 1.3B

Revenue

AUD 2.5B

Stock-based compensation

AUD 6.1M

Metric

Value

Altman Z-Score

5.02

Book value per share

AUD 1.71

Debt / EBITDA

0.28

Debt / equity

0.21

Debt / FCF

0.44

Interest coverage

23.12

Long-term assets

AUD 1.8B

Long-term liabilities

AUD 424M

Net cash (debt)

AUD 465.1M

Net cash / market cap

12%

Net debt / EBITDA

-0.32

Net debt / equity

-0.23

Net debt / FCF

-0.5

Piotroski F-Score

Property, plant and equipment

AUD 1.8B

Shareholders' equity

AUD 2B

Tangible book value

AUD 2B

Tangible book value per share

AUD 1.71

Total assets

AUD 3.1B

Total cash

AUD 876.3M

Total debt

AUD 411.2M

Total liabilities

AUD 1.1B

WACC

10.29%

Metric

Value

Asset turnover

0.94

Current assets

AUD 1.3B

Current liabilities

AUD 684.3M

Current ratio

1.97

Inventory turnover

4.49

Net working capital

AUD -88M

Quick ratio

1.52

Working capital

AUD 665.2M

Working capital turnover

5.42

Metric

Value

Buyback yield / dilution

-0.49%

Dividend growth

Dividend growth years

Dividend payment date

2026-10-07

Dividend payment years

Dividend per share

AUD 0.20

Dividend yield

5.9%

Ex-dividend date

2026-09-17

FCF payout ratio

24.47%

Last dividend

AUD 0.20

Payout ratio

35.96%

Shareholder yield

5.41%

Metric

Value

10Y price change

1,011.48%

10Y return CAGR

27.92%

10Y total return

1,073.23%

150-day SMA

AUD 3.28

15Y price change

927.27%

15Y return CAGR

17.22%

15Y total return

984.34%

1D price change

0.59%

1M price change

-1.74%

1M total return

-1.74%

1W price change

0.3%

1W total return

0.3%

1Y price change

11.51%

1Y return CAGR

17.72%

1Y total return

17.71%

20-day SMA

AUD 3.47

200-day SMA

AUD 3.30

3M price change

16.9%

3M total return

23.39%

3Y price change

358.11%

3Y return CAGR

69.08%

3Y total return

383.56%

50-day SMA

AUD 3.62

50-day SMA vs 200-day SMA

50over200

52-week high

AUD 4.06

52-week high date

2026-09-10

52-week low

AUD 2.51

52-week low date

2025-11-26

5Y price change

167.98%

5Y return CAGR

23.12%

5Y total return

182.87%

6M price change

13.76%

6M total return

20.08%

All-time high

AUD 4.06

All-time high date

2026-09-10

All-time low

AUD 0.05

All-time low date

2016-02-22

Average true range (ATR)

AUD 0.14

Average volume

4.9M

Beta (1Y)

1.26

Beta (2Y)

1.31

Beta (5Y)

1.12

Change from 52-week high

-16.5%

Change from 52-week low

35.06%

Change from all-time high

-16.5%

Change from all-time low

6,962.5%

Change from open

-1.45%

Day's gap

2.08%

Dollar volume

AUD 13.3M

High price

AUD 3.53

Low price

AUD 3.36

Monthly RSI

60.12

Open price

AUD 3.44

Position in 52-week range

17.65%

Previous close

AUD 3.37

Price vs 150-day SMA

3.48%

Price vs 20-day SMA

-2.33%

Price vs 200-day SMA

2.79%

Price vs 50-day SMA

-6.22%

Relative volume

0.8

RSI

46.13

Sharpe ratio

1.08

Sharpe ratio (3Y)

1.1

Sharpe ratio (5Y)

0.66

Sortino ratio

1.73

Sortino ratio (3Y)

1.7

Sortino ratio (5Y)

1.05

Volume

3.9M

Weekly RSI

51.14

YTD price change

13%

YTD total return

19.28%

Metric

Value

Float

921.9M

Shares change (QoQ)

0.27%

Shares change (YoY)

0.49%

Shares held by insiders

6.72%

Shares held by institutions

58.69%

Shares outstanding

1.1B

ASX/WAF (ASX/WAF)

Price

Financial snapshot

Fair-value bridge

Latest news · ASX/WAF

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All ASX/WAF indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on ASX/WAF

Frequently asked questions

ASX/WAF (ASX/WAF)

Price

Financial snapshot

Fair-value bridge

Latest news · ASX/WAF

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All ASX/WAF indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on ASX/WAF

Frequently asked questions