Westgold Resources Limited (WGXRF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Westgold Resources Limited $0.92, price $3.56, upside -74.2%, quality 30 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Westgold Resources Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
Westgold Resources Limited engages in the exploration, development, and operation of gold mines in Western Australia. It operates Murchison and Southern Goldfields that covers 3,200 square kilometers in Western Australia. The company was incorporated in 1987 and is based in Perth, Australia.
Stock analysis
Westgold Resources Limited (WGXRF) currently trades at $3.56, while our model-based Fair Value estimate is $0.9200, 74.2% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of $2.39 per share, and 3 of the 26 models we run sit above the $3.56 price.
Bear case: the Multiples group reads lowest at $0.4400, and 23 of the 26 models stay below the price. Evidence for this calculation is high.
Quality & growth
The Quality Score stands at 30/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Westgold Resources Limited reported revenue of A$1.4B in FY2025 versus A$571M in FY2021, a compound +24.4%/yr. Reported net income was A$35.0M in FY2025, compounding −17.8%/yr from FY2021.
Key figures
Market cap $3.3B · P/E ratio 18.7 · P/S ratio 0.48 · EPS (TTM) $0.1900 · Dividend yield 0.8% · Net margin 2.6% · Return on equity 12.5% · Return on assets (EBIT) 7.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 37% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −74%, WGXRF screens richer than that median.
Fair Value models
Bear $0.9200Fair Value $0.9200Bull $0.9200
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then ($0.1600 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+91.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+28.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.9%
Start year 2020 (pandemic). Over 10 years: +19.4% a year
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+21.5%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−14.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−15.0%
Dividend (yield on the price)0.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−15.0% vs −1.6%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 13%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes about as much growth as the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+25.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+37.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in AUD, Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about +21.4% a year for the price and +33.6% for the forecasts.
Compare Westgold Resources Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Gold · 200 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score30 · Bottom 25%
Fair Value upside−11.9% · Above median
Profitability
Return on equity (TTM)12.5% · Above median
Return on assets9.7% · Above median
Net margin (TTM)12.8% · Below median
Operating margin (TTM)33.7% · Above median
Growth and dividend
Revenue growth74.7% · Above median
Dividend yield (TTM)0.8% · Below median
Valuation Multiplesvs Gold median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Westgold Resources Limited (WGXRF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $0.9200 versus a price of $3.56, about −74% upside (overvalued).
What is the fair value of WGXRF?
Our model-based fair value for Westgold Resources Limited is $0.9200 (as of Sep 24, 2026), built from audited fundamentals. The current price: $3.56.
What is the quality score of WGXRF?
Westgold Resources Limited has a Quality Score of 30/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Westgold Resources Limited (WGXRF)?
Our model-based price target is the fair value of $0.9200 (as of Sep 24, 2026) from 26 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Westgold Resources Limited stock forecast for 2026?
Our models put fair value at $0.9200, about −74% upside versus a price of $3.56 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Westgold Resources Limited (WGXRF)?
Westgold Resources Limited reported trailing-twelve-month revenue of about A$2.0B (latest available figure, as of Sep 24, 2026).
Does Westgold Resources Limited pay a dividend?
Westgold Resources Limited currently shows a dividend yield of about 0.84% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Westgold Resources Limited (WGXRF)?
For today's price to be fair in a discounted-cash-flow model, Westgold Resources Limited would have to grow free cash flow by +25.0 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +22.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of WGXRF use?
Our models discount Westgold Resources Limited at 10.3 %: a base by market capitalisation (mid), damped by beta 1.23, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Westgold Resources Limited that is +25.0 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Westgold Resources Limited (WGXRF) delivered so far?
Over the past 5 years revenue at Westgold Resources Limited grew +22.9 % a year. The price currently implies +25.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Westgold Resources Limited (WGXRF) growing?
The median revenue growth in the sector is +7.6 % a year. That is the yardstick for the growth priced into Westgold Resources Limited (+25.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Westgold Resources Limited (WGXRF)?
The free-cash-flow yield on the price is 2.29 %: that much free cash flow Westgold Resources Limited produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Westgold Resources Limited (WGXRF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Westgold Resources Limited it is $0.9200 per share (as of Sep 24, 2026), against a price of $3.56. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Westgold Resources Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, WGXRF trades above its calculated fair value: price $3.56, fair value $0.9200, a gap of about −74% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of WGXRF?
No. The price is what the market pays today ($3.56); the fair value is what the company's own numbers justify ($0.9200). For Westgold Resources Limited the two are $2.64 per share apart. That gap is exactly why we show both numbers side by side.
How much is Westgold Resources Limited worth?
The market values Westgold Resources Limited at about $3.3B (market capitalisation, as of Sep 24, 2026). Per share that is $3.56; our models calculate a fair value of $0.9200 per share.
What is the P/E ratio of WGXRF?
Westgold Resources Limited trades at a price-to-earnings ratio of 18.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $0.9200 is built from several models across several years. Other multiples: P/B 2.4, P/S 2.4, EV/EBITDA 5.4.
How solid is the balance sheet of Westgold Resources Limited (WGXRF)?
Balance-sheet figures for Westgold Resources Limited (as of Sep 24, 2026): return on equity 12.5%. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is WGXRF from its 52-week high?
Westgold Resources Limited trades at $3.56, about 37% below its 52-week high of $5.64 and 19% above the low of $3.00 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $0.9200 is for.
Which stocks are comparable to Westgold Resources Limited?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Wheaton Precious Metals Corp, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Westgold Resources Limited stock attractive at the current price?
The data as of Sep 24, 2026: price $3.56, calculated fair value $0.9200 (−74%), Quality Score 30/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of WGXRF calculated?
We run Westgold Resources Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.9200, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Westgold Resources Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Westgold Resources Limited (WGXRF)?
The closing price on Oct 2, 2026 was $3.56. Our model-based fair value is $0.9200, about −74% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Westgold Resources Limited right now?
The price sits above even our optimistic bull case ($0.9200). The favourable scenario is already priced in. Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of Westgold Resources Limited (WGXRF) come from?
Earnings per share at Westgold Resources Limited grew +5.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +12.7 %, EBIT margin −5.5 %, tax rate −0.1 %, residual (interest, one-offs) −0.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Westgold Resources Limited
How large is the market capitalisation of Westgold Resources Limited (WGXRF)?
The market capitalisation of Westgold Resources Limited is $3.3B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Westgold Resources Limited (WGXRF)?
The price-to-sales ratio of Westgold Resources Limited is 0.48 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Westgold Resources Limited (WGXRF)?
Earnings per share at Westgold Resources Limited are $0.1900 (price ÷ EPS = P/E 18.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Westgold Resources Limited (WGXRF)?
The dividend yield of Westgold Resources Limited is 0.8% (payout 15.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Westgold Resources Limited (WGXRF)?
The net margin of Westgold Resources Limited is 2.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Westgold Resources Limited (WGXRF)?
The return on equity (ROE) of Westgold Resources Limited is 12.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Westgold Resources Limited (WGXRF)?
On an EBIT basis the return on assets of Westgold Resources Limited is 7.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Westgold Resources Limited (WGXRF)?
The operating margin of Westgold Resources Limited is 33.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Westgold Resources Limited (WGXRF)?
Revenue at Westgold Resources Limited is growing +74.7% versus a year earlier (3y avg +28.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Westgold Resources Limited (WGXRF)?
Earnings per share at Westgold Resources Limited are growing +147% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Westgold Resources Limited (WGXRF) hold?
Westgold Resources Limited holds more cash than debt, A$82.8M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Westgold Resources Limited in the live analysis
One click puts Westgold Resources Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Broad data
Sep 24, 2026