West African Resources Limited (WAF) Fair Value & Analysis
Basic Materials · AU · Market cap A$3.5B
Fair value as of: Jun 24, 2026
From 16 valuation models · updated 6 days ago
Share price −15.5% over the past month.
Price vs Fair Value (12 months)
12‑month range A$2.57 – A$4.61 · fair‑value band A$2.50 – A$7.78 · the A$3.16 price screens below the A$3.33 fair value. As of Jun 24, 2026.
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West African Resources Limited (WAF) currently trades at A$3.16, while our model-based Fair Value estimate is A$3.33 — implying the stock looks roughly 5.4% undervalued today. We read business quality at 90/100 (high quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.
Over the trailing twelve months, West African Resources Limited generated revenue of A$1.5B at a net margin of 30.7%. Revenue grew 176.4% year over year. It earns a return on equity of 36.9%. Net debt stands at A$34.3M. Fundamentals as of Jun 24, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.
About the company
West African Resources Limited engages in the mining, mineral processing, acquisition, exploration, and project development of gold projects in West Africa. The company has 85% interests in the Sanbrado Gold and Kiaka Gold projects located in Burkina Faso. It also holds interests in the Toega Gold Project located in Burkina Faso. The company was incorporated in 2006 and is based in Subiaco, Australia.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
West African Resources Limited reported revenue of A$724M in FY2025 versus A$310M in FY2021, a compound +23.6%/yr. Reported net income was A$224M in FY2025, compounding +25.8%/yr from FY2021.
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| Newmont Corporation NEMCL | $112.00 | $132.73 | +19% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.