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Overvalued
Morningstar Quantitative Rating as of 6 NOV 2026.
Quantitative Equity Rating Methodology – view here
Five-star price 3.33 Fair value 5.25 One-star price 8.28
Morningstar Quantitative Rating as of 6 NOV 2026.
Morningstar Quantitative Rating as of 6 NOV 2026. The slider runs from the five-star price (3.33) to the one-star price (8.28).
| Ratios |
|---|
| Currency (Price/reporting): AUD/AUD |
| Exchange Rate: 1.0000 |
| Price - closing or last bid | 5.58 |
| Price - 12 month high | 8.16 |
| Price - 12 month low | 4.24 |
| Pricing date | 5 NOV 2026 |
| Volume - avg. trading volume for the last ten days | 4.54 |
| Market capitalization | 5,247.63 |
| 12 Month High price date | 2 MAR 2026 |
| 12 Month Low price date | 11 JUN 2026 |
| Volume - avg. trading volume for the last 3 months | 4.10 |
| Price - 1 Day % Change | -4.78% |
| Price - 13 week price percent change | 8.14% |
| Price - 26 week price percent change | 3.72% |
| Price - 5 Day % Change | 2.57% |
| Price - 52 week price percent change | 5.88% |
| Price - YTD price percent change | -13.35% |
| Price % Change Month To Date | 7.93% |
| EPS excluding extraordinary items - most recent fiscal year | 0.470 |
| EPS excluding extraordinary items - trailing 12 month | 0.470 |
| EPS Normalized - most recent fiscal year | 0.508 |
| Revenue/share - most recent fiscal year | 2.586 |
| Revenue/share - trailing 12 month | 2.586 |
| Book value per share - most recent fiscal year | 2.520 |
| Book value per share - most recent half-year | 2.520 |
| Book value (tangible) per share - most recent fiscal year | 2.599 |
| Book value (tangible) per share - most recent half-year | 2.599 |
| Cash per share - most recent fiscal year | 0.782 |
| Cash per share - most recent half-year | 0.782 |
| Cash Flow per share - most recent fiscal year | 1.022 |
| Cash Flow per share - trailing 12 month | 1.022 |
| Dividend per share - most recent fiscal year | — |
| Dividends per share - trailing 12 month | 0.100 |
| EBITD per share - trailing 12 month | 1.041 |
| EPS Basic excluding extraordinary items - most recent fiscal year | 0.470 |
| EPS Basic excluding extraordinary items - trailing 12 month | 0.470 |
| EPS including extraordinary items - most recent fiscal year | 0.470 |
| EPS including extraordinary items - trailing 12 month | 0.470 |
| Free Cash Flow per share - trailing 12 month | 0.571 |
| P/E excluding extraordinary items, most recent fiscal year | 11.88 |
| P/E Normalized, most recent fiscal year | 10.97 |
| Price to sales - most recent fiscal year | 2.16 |
| Price to Tangible Book - most fiscal year | 2.21 |
| Price to Free Cash Flow per Share - most recent fiscal year | 9.78 |
| Price to Cash Flow per share - trailing 12 month | 5.46 |
| Price to Book - most recent fiscal year | 2.21 |
| P/E excluding extraordinary items high, trailing 12 months | 204.99 |
| P/E excluding extraordinary items low, trailing 12 months | 10.20 |
| Net Debt, LFI | -363.29 |
| Net Debt, LFY | -600.80 |
| Dividend Yield - 5 Year Average | — |
| Dividend Yield - indicated annual dividend divided by closing price | 1.96% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 1.79% |
| Free Cash Flow - most recent fiscal year | 538.66 |
| LT debt/equity - most recent fiscal year | 3.45% |
| Payout ratio - most recent fiscal year | — |
| Total debt/total equity - most recent fiscal year | 5.69% |
| LT debt/equity - most recent half-year | 4.61% |
| Total debt/total equity - most recent half-year | 7.58% |
| Free Cash Flow - trailing 12 month | 538.66 |
| Payout ratio - trailing 12 month | — |
| Revenue - most recent fiscal year | 2,440.89 |
| Revenue - trailing 12 month | 2,440.89 |
| EBITD - most recent fiscal year | 982.72 |
| EBITD - trailing 12 month | 982.72 |
| Earnings before taxes - most recent fiscal year | 642.92 |
| Earnings before taxes - trailing 12 month | 642.92 |
| Net Income available to common - most recent fiscal year | 443.45 |
| Net Income available to common - trailing 12 months | 443.45 |
| Earnings before taxes Normalized - most recent fiscal year | 763.77 |
| Net Income Available to Common, Normalized - most recent fiscal year | 480.00 |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 0.51 |
| Net Profit Margin % - 1st historical fiscal year | 18.15% |
| Net Profit Margin % - trailing 12 month | 18.15% |
| Operating margin - 1st historical fiscal year | 30.97% |
| Operating margin - trailing 12 month | 30.97% |
| Pretax margin - trailing 12 month | 26.34% |
| Pretax margin - 1st historical fiscal year | 26.34% |
| Operating Margin - 5 year average | 12.70% |
| Pretax Margin - 5 year average | 6.22% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 6.01% |
| Free Operating Cash Flow/Revenue, TTM | 22.07% |
| Net Profit Margin - 5 year average | 3.67% |
| Return on average assets - most recent fiscal year | 12.69% |
| Return on average assets - trailing 12 month | 12.69% |
| Return on average equity - most recent fiscal year | 20.56% |
| Return on average equity - trailing 12 month | 20.56% |
| Return on average assets - 5 year average | 1.87% |
| Return on average equity - 5 year average | 3.08% |
| Net Income/employee - most recent fiscal year | — |
| Revenue/employee - most recent fiscal year | — |
| Revenue growth rate, 5 year | 33.71% |
| EPS growth rate, 5 year | 20.99% |
| Growth rate% - dividend, 3 year | — |
| Revenue/share (5 yr growth) | 13.91% |
| Growth rate% - Revenue, 3 year | 55.09% |
| Growth rate% - EPS, 3 year | 181.33% |
| Book value per share growth rate, 5 year | 11.96% |
| Capital Spending growth rate, 5 year | 13.20% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | 41.56% |
Financial forecast (AUD, millions except per share)
| Actuals | Estimates | |||||||
| 2026 | 2027 | 2028 | 2029 | |||||
| Estimate breakdown | ||||||||
Financials (AUD, millions)
| Period end: | JUN 22 | JUN 23 | JUN 24 | JUN 25 | JUN 26 |
| Fiscal year: | 2022 | 2023 | 2024 | 2025 | 2026 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
WGX was smacked over 12% on Monday after cutting its gold production for the full year. The ~17% downgrade in production and ~16% increase in all-sustaining costs/oz, to $A2,400-2,600 makes the drop in the share price appear reasonable.
Wednesday saw WGX plunge almost 15% on huge volume following a disappointing FY24 production update; it was the worst-performing stock in the ASX300. The gold miner produced 52,100 ounces of gold for the quarter receiving an average sale price of $A3137 an ounce. The volume was weaker than expected and led to a downward revision to its production guidance for the full year, now expected to be between 220,000-230,000 ounces at an all-in cost of $2100-$2300. Another disappointing miss in the gold sector, which isn’t good news in today's unforgiving market.
WA-based Westgold (WGX) is a $1bn gold miner which initially caught our attention yesterday, closing up +1.4% in a session which saw weakness across the sector, including Gold Road Resources (GOR) -1.6% and Newmont Corp (NEM) -1.3%. At this stage, WGX is an ASX300 stock, but if the Gold Sector continues to outperform the broad market, it may advance to the ASX200.
WGX has held the $1.8-$2 very well through 2021, we are comfortable to accumulate into current weakness but see less upside than from the oversold names.
MM remains bullish towards WGX
MM is neutral towards WGX
MM is neutral WGX around $2.36
MM is bullish towards WGX into 2024
MM likes WGX under $2
Westgold Resources Ltd is a gold producer with a large and strategic landholding across two of Western Australia's prolific gold regions, the Murchison and the Southern Goldfields. The group has acquired several square kilometers of land holdings and operates multiple underground mines and four processing hubs across these regions. Its reportable segments are: Murchison and Southern Goldfields. The majority of the group's revenue is generated from the Murchison segment, which incorporates the operations of its three processing hubs at Cue, Meekatharra, and Fortnum. The group generates maximum revenue from the sale of gold at spot, and the rest from the sale of silver.
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