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WDO.TO (WDO) Fair Value & Analysis

Basic Materials · CA · Market cap C$5.2B (≈ $3.7B) · ISIN CA95083R1001

What is WDO.TO really worth?

WT WDO.TO WDO · TO
PriceC$34.59
Fair ValueC$41.39
Upside+19.7%
Quality78/100

A strong business, trading 16% below our fair value of C$41.39.

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Strengths

Highly profitable · 38.5% net margin
Low debt · generates free cash flow
Ranks above peers (8/13)
Wide moat 88/100

Risks

!Expensive Growth (revenue 5y +33.5 %/yr)
!The models disagree: range C$31.04 to C$110.11
Evidence: High Range C$31.04 – C$110.11

Fair value as of: Sep 3, 2026

From 24 valuation models · updated yesterday

Share price +22.3% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The model range is unusually wide (C$31.04 to C$110.11). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits in the lower half of our model range, the side with the larger margin of safety.
  • The data supports the verdict: every model runs on fully documented inputs.

Price vs Fair Value (5 years)

C$36.00 C$6.08 Fair Value C$41.39 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 3, 2026.

How to read this chart

60‑month range C$6.08 – C$36.00 · fair‑value band C$31.04 – C$110.11 · the C$34.59 price screens below the C$41.39 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 3, 2026.

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Analysis

WDO.TO (WDO) currently trades at C$34.59, while our model-based Fair Value estimate is C$41.39, implying the stock looks roughly 16.4% undervalued today. The Quality Score stands at 78/100 (high quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of C$104.84 per share, and 16 of the 24 models we run sit above the C$34.59 price. Bear case: the Asset-Based group reads lowest at C$4.37, and 8 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, WDO.TO generated revenue of C$1.0B at a net margin of 39.5%. Revenue grew 59.8% year over year. It earns a return on equity of 49.0%. The balance sheet holds a net cash position of C$350M. Fundamentals as of Sep 3, 2026

Our scenario range runs from C$31.04 (bear case) to C$110.11 (bull case); at C$34.59, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 117% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −12% fair-value upside, at 20%, WDO screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly C$1.82 per share, which is 4.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model 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. Evidence
Highest evidence
FCF DCF C$33.18 C$49.75 C$101.42 74
EPV C$24.01 C$27.41 C$30.35 74
Growth DCF C$31.31 C$57.36 C$99.34 73
All 24 models by family
DCF Models
FCF DCF C$33.18 C$49.75 C$101.42 74
Owner Earnings C$29.34 C$62.03 C$128.12 69
5Y Revenue Exit C$16.54 C$23.50 C$37.80 69
5Y EBITDA Exit C$34.32 C$59.46 C$108.77 70
5Y P/E Exit C$34.17 C$73.34 C$126.73 65
10Y Revenue Exit C$21.48 C$36.48 C$43.65 65
10Y EBITDA Exit C$34.46 C$73.91 C$142.78 62
10Y P/E Exit C$34.34 C$73.58 C$138.06 58
Earnings-Based
Graham-Dodd C$16.56 C$115.46 C$162.04 61
Lynch FV C$59.65 C$85.22 C$110.78 59
PEG = 1.0 C$59.65 C$85.22 C$110.78 55
EPV C$24.01 C$27.41 C$30.35 74
Multiples
P/E Multiple C$31.04 C$41.39 C$51.74 63
P/S Multiple C$7.17 C$9.55 C$11.94 58
P/B Multiple C$14.69 C$19.58 C$24.48 55
EV/EBIT C$39.77 C$52.20 C$64.64 66
EV/EBITDA C$33.72 C$44.14 C$54.56 67
EV/Revenue C$9.15 C$12.02 C$14.89 54
Asset-Based
NCAV (Graham) C$3.26 C$4.37 C$6.53 54
Growth DCF
Growth DCF C$31.31 C$57.36 C$99.34 73
Rev-Margin DCF C$17.80 C$26.58 C$45.21 69
Economic Profit
Residual Income C$18.08 C$26.19 C$281.07 61
ROIC Compounder C$28.72 C$39.78 C$53.49 69
Growth Earnings
Growth-Adj P/E C$73.39 C$104.84 C$136.29 65

Widest divergence: Growth Earnings (C$104.84) versus Asset-Based (C$4.37). Highest evidence: FCF DCF (74).

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Key figures & financial health

P/E ratio 12.9
P/S ratio 4.93 P/E × margin
EPS (TTM) C$2.68 price ÷ EPS = P/E 12.9
Net margin 38.2% FY2025
Return on equity 49.0% TTM
Return on assets (EBIT) 20.9% avg 5y
More key figures
Profitability
Operating margin 59.2% TTM
Growth
Revenue (TTM) C$1.0B TTM
Revenue growth (YoY) +59.8% 3y avg +51.0%
EPS growth (YoY) +90.2%
Balance sheet & cash flow
Free cash flow C$277M FY2025
Net cash C$350M FY2025

Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 78/100

Of which business quality 79 · Market factors (momentum, volatility) 78

Profitability 89
Margins and returns on capital today
Quality Growth 95
Are margins and returns improving?
Cashflow 74
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 1
Disciplined investing over empire-building
Low Volatility 38
Calm price path (market factor)
Momentum 95
Price trend over the last 3–12 months (market factor)
52W Momentum 95
Distance to the 52-week high (market factor)
Net Issuance 90
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada. The company operates through Eagle River and Kiena segments.

Full company description

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada. The company operates through Eagle River and Kiena segments. It holds 100% interest in the Eagle River Mine consisting of 3 contiguous mining leases and 189 contiguous active mining claims covering an area of approximately 886 hectares located in Wawa, Ontario; and the Kiena Mine in Val d'or, Québec. The company was formerly known as River Gold Mines Ltd. and changed its name to Wesdome Gold Mines Ltd. in February 2006. Wesdome Gold Mines Ltd. was founded in 1945 and is based in Toronto, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

WDO.TO reported revenue of C$914M in FY2025 versus C$263M in FY2021, a compound +36.6%/yr. Reported net income was C$349M in FY2025, compounding +27.7%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
C$914M
Latest YoY
+63.8%
Avg. revenue growth/yr (3Y) 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.
+51.0%
Avg. revenue growth/yr (5Y) 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.
+33.5%
Avg. revenue growth/yr (31Y) 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.
+34.2%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+45.3% (45.3 + 0.0)
Revenue +36.6%/yr
FY21 C$263M
FY22 C$265M
FY23 C$333M
FY24 C$558M
FY25 C$914M
Net income +27.7%/yr
FY21 C$131M
FY22 −C$14.7M
FY23 −C$6.2M
FY24 C$135M
FY25 C$349M
Character of growth · EPS growth decomposed (2014-2025) +36.6 % p.a.
Revenue per share +22.7 %

of which total revenue +25.8 % · buybacks/dilution −2.5 %

EBIT margin +14.1 %
Tax rate −2.0 %
Residual (interest, one-offs) −0.4 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "WDO.TO Fair Value". https://www.fairvalue-calculator.com/stock/WDO

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Gold · 245 stocks

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.

Quality Score 78 · Top 25%
Fair Value upside +20% · Top 25%
Return on equity (TTM) 47% · Top 25%
Return on assets 35% · Top 25%
Net margin (TTM) 38% · Top 25%
Operating margin (TTM) 52% · Top 25%
Revenue growth 28% · Below median

Valuation Multiples vs Gold median · lower = cheaper

P/E (TTM) 12.9× · Pricier than median
P/B 3.99× · Pricier than 75% of peers
P/S (TTM) 3.44× · Pricier than median
P/FCF 13.5× · Pricier than median
EV/EBITDA 4.8× · Cheaper than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE60 · sector 0
FUTURE100 · sector 100
PAST100 · sector 2
HEALTH100 · sector 98
DIVIDEND0 · sector 20

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Gold stocks, each showing price versus our Fair Value estimate (as of Sep 3, 2026).

Stock Price Fair Value vs Fair Value
Newmont Corporation NEMCL $128.00 $112.82 −12%
Zijin Mining Group 601899 ¥32.21 ¥39.42 +22%
Agnico Eagle Mines Limited AEM C$268.76 C$213.40 −21%
Barrick Mining Corporation B $41.23 $50.66 +23%
Franco-Nevada Corporation FNV $271.31 $96.63 −64%
Wheaton Precious Metals Corp WPM C$201.40 C$56.05 −72%
AngloGold Ashanti plc AU $97.92 $88.63 −9%
Kinross Gold Corporation KGC $32.51 $34.62 +6%
Royal Gold, Inc RGLD $262.85 $93.56 −64%
Northern Star Resources Limited NST A$23.19 A$15.98 −31%

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Frequently asked questions

Is WDO.TO (WDO) overvalued or undervalued?
As of Sep 3, 2026, our model estimates a fair value of C$41.39 versus a price of C$34.59, about +20% upside (undervalued).
What is the fair value of WDO?
Our model-based fair value for WDO.TO is C$41.39 (as of Sep 3, 2026), built from audited fundamentals. The current price: C$34.59.
What is the quality score of WDO?
WDO.TO has a Quality Score of 78/100. 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 revenue of WDO.TO (WDO)?
WDO.TO reported trailing-twelve-month revenue of about C$1.0B (latest available figure, as of Sep 3, 2026).
What is the net profit margin of WDO?
The net profit margin of WDO.TO is about 39.5%, meaning it keeps roughly 39.5% of revenue as net income. Based on the latest reported figures.
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