Obermatt

West African Resources

ASX:WAF · AU000000WAF6
Metals & MiningMedium

360

94
EV / EBIT100
Price / Owner Earnings22
Owner Earnings Yield54
Dividend Yield100
Price/Sales85
EV / Gross Profit81
Price/Book80
Return on Capital75
Cash Return on Capital51
Return on Equity85
EBIT Margin80
Gross Profitability74
Cash Conversion59
Accruals48
Owner Earnings Margin38
Sales growth91
Profit Growth86
Long-Term EPS Growth34
Reinvestment14
Price momentum36
Debt load38
Refinancing54
Debt Payback100
Liquidity70
Analyst ratings67
Opinion Changes50
Price Target Upside69
Market mood49
Value Creation16/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

West African Resources generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryAustralia
IndustryMetals & Mining
SizeMedium
TypePublic Company
ExchangeASX
Founded2006
Employees353
ISINAU000000WAF6
Last UpdateApr 2, 2026
Themes
Mining TechnologyHuman ResourcesMiningPrecious Metals

Description

West African Resources Limited engages in the mining, mineral processing, acquisition, exploration, and project development of gold projects in West Africa. The company has 90% interests in the Sanbrado Gold Project located in Burkina Faso; and Kiaka…

Analysis

Middle-of-the-road

West African Resources Limited sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is expensive. The owner-earnings multiple stands at 25.9×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is adequate. The company scores 16/20 on our value-creation score: strong value creator. Analysts lean positive.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
100
2023202420252026

All-time high

100

Mar 2026

All-time low

1

Jan 2023

Average rank

72

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
85
37
42
34
Price/Earnings
92
95
82
49
Price/Book
80
35
58
18
Dividend Yield
100
100
42
1
Value (overall)
100
98
59
48

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

Similar Stocks

The companies this stock is ranked against.

Compare West African Resources with its peers
Ora Banda Mining
ASX:OBM
68
CountryAustralia
IndustryMetals & Mining
SizeSmall
Full Stock Analysis →
Zijin Mining
SHH:601899
16
CountryChina
IndustryMetals & Mining
SizeXX-Large
Full Stock Analysis →
Regis Resources
ASX:RRL
93
CountryAustralia
IndustryMetals & Mining
SizeMedium
Full Stock Analysis →
Emerald Resources
ASX:EMR
31
CountryAustralia
IndustryMetals & Mining
SizeMedium
Full Stock Analysis →
Capricorn Metals
ASX:CMM
18
CountryAustralia
IndustryMetals & Mining
SizeMedium
Full Stock Analysis →
Ramelius Resources
ASX:RMS
46
CountryAustralia
IndustryMetals & Mining
SizeMedium
Full Stock Analysis →

Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →