Westgold Resources Ltd (WGX) Fair Value & Analysis
Basic Materials · AU · Market cap A$4.4B (≈ $3.2B) · ISIN AU000000WGX6
What is Westgold Resources Ltd really worth?
Below-average quality, and trading another 482% above our fair value of A$1.11.
Strengths
Risks
For context
Fair value as of: Sep 3, 2026
From 24 valuation models · updated yesterday
Share price +36.4% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (A$1.11). The favourable scenario is already priced in.
- Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (A$0.5270 to A$1.11) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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 A$0.7079 – A$8.05 · fair‑value band A$0.5270 – A$1.11 · the A$6.48 price screens above the A$1.11 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 3, 2026.
Analysis
Westgold Resources Ltd (WGX) currently trades at A$6.48, while our model-based Fair Value estimate is A$1.11, implying the stock looks roughly 482.1% overvalued today. The Quality Score stands at 32/100 (below-average quality), in the Basic Materials sector. Bull case: the DCF Models group reads highest at a median of A$2.62 per share, and 1 of the 24 models we run sit above the A$6.48 price. Bear case: the Multiples group reads lowest at A$0.6300, and 23 of the 24 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Westgold Resources Ltd generated revenue of A$2.0B at a net margin of 12.8%. Revenue grew 74.7% year over year. It earns a return on equity of 12.5%. The balance sheet holds a net cash position of A$93.0M. Fundamentals as of Sep 3, 2026
Our scenario range runs from A$0.5270 (bear case) to A$1.11 (bull case); at A$6.48, the current price sits above 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 about 21% below its 52-week high and 160% 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 −83%, WGX screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 12 months have passed since. In that time the company retained roughly A$0.2400 per share, which is 21.6 % 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.
All 24 models by family
Widest divergence: DCF Models (A$2.62) versus Multiples (A$0.6300). Highest evidence: FCF DCF (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 36 · Market factors (momentum, volatility) 58
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
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Westgold Resources Ltd reported revenue of A$1.4B in FY2025 versus A$571M in FY2021, a compound +24.2%/yr. Reported net income was A$34.8M in FY2025, compounding −18.0%/yr from FY2021.
of which total revenue +17.5 % · buybacks/dilution −4.1 %
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).
WGX screens 482% overvalued. Compare with Newmont Corporation →
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.
Valuation Multiples vs Gold median · lower = cheaper
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.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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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