Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Westgold Resources Limited (WGX.AX)

Company Dividend Discount ModelIndustry: GoldSector: Basic Materials

Valuation Snapshot

Stable Growth$4.56 - $10.42$6.65
Multi-Stage$3.21 - $3.51$3.35
Blended Fair Value$5.00
Current Price$2.87
Upside74.29%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS0.00%0.00%0.010.010.000.010.000.000.000.000.000.00
YoY Growth--25.16%0.00%-100.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.36%0.34%0.00%0.91%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)129.98
(-) Cash Dividends Paid (M)10.66
(=) Cash Retained (M)119.32
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)26.0016.259.75
Cash Retained (M)119.32119.32119.32
(-) Cash Required (M)-26.00-16.25-9.75
(=) Excess Retained (M)93.32103.07109.57
(/) Shares Outstanding (M)581.70581.70581.70
(=) Excess Retained per Share0.160.180.19
LTM Dividend per Share0.020.020.02
(+) Excess Retained per Share0.160.180.19
(=) Adjusted Dividend0.180.200.21
WACC / Discount Rate9.63%9.63%9.63%
Growth Rate5.50%6.50%7.50%
Fair Value$4.56$6.65$10.42
Upside / Downside59.05%131.68%263.20%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)129.98138.43147.43157.01167.22178.09183.43
Payout Ratio8.20%24.56%40.92%57.28%73.64%90.00%92.50%
Projected Dividends (M)10.6634.0060.3389.94123.14160.28169.68

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.63%9.63%9.63%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)30.7331.0231.31
Year 2 PV (M)49.2650.2051.14
Year 3 PV (M)66.3568.2670.20
Year 4 PV (M)82.0985.2488.49
Year 5 PV (M)96.54101.21106.05
PV of Terminal Value (M)1,541.111,615.541,692.83
Equity Value (M)1,866.081,951.472,040.02
Shares Outstanding (M)581.70581.70581.70
Fair Value$3.21$3.35$3.51
Upside / Downside11.78%16.89%22.19%

High-Yield Dividend Screener

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