Westgold Resources Ltd (WGX) fair value: what the stock is really worth
We calculate from audited financials what Westgold Resources Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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Basic Materials · AU · Market cap A$5.3B (≈ $3.8B) · ISIN AU000000WGX6
At a glance
WRWestgold Resources LtdWGX · AU
PriceA$5.83
Fair ValueA$1.11
Upside−80.9%
Quality32/100
Below-average quality, and trading another 424% above our fair value of A$1.11.
As of Sep 3, 2026, the fair value of Westgold Resources Ltd is A$1.11 per share against a price of A$5.83, so the fair value sits 81% below the price. A model estimate from reported figures, not an analyst target.
!Mixed Growth (revenue 5y +22.5 %/yr)
✓Solidly profitable · 12.8% net margin
✓Low debt · generates free cash flow
·0.51% dividend yield
✓Ranks above peers (9/14)
!Moderate moat 63/100
!Weak on dividend: 10 out of 100
Evidence: HighRange A$0.5270 to A$1.11
Fair value as of: Sep 3, 2026
From 24 valuation models · updated 8 days ago
Share price −0.2% over the past month.
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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$5.83 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.
Westgold Resources Ltd (WGX) currently trades at A$5.83, while our model-based Fair Value estimate is A$1.11, implying the stock looks roughly 423.6% 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 3 of the 24 models we run sit above the A$5.83 price. Bear case: the Multiples group reads lowest at A$0.6300, and 21 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
Scenario range: A$0.5270 (bear) to A$1.11 (bull), the price of A$5.83 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 29% below its 52-week high and 134% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −12% fair-value upside, at −81%, WGX screens richer than that median.
Fair Value models
Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (A$0.2400 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
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Key figures & financial health
P/E ratio21.6
P/S ratio0.55P/E × margin
EPS (TTM)A$0.2700price ÷ EPS = P/E 21.6
Dividend yield0.5%payout 11.1%
Net margin2.6%FY2025
Return on equity12.5%TTM
More key figures
Profitability
Return on assets (EBIT)6.7%avg 5y
Operating margin33.7%TTM
Growth
Revenue (TTM)A$2.0BTTM
Revenue growth (YoY)+74.7%3y avg +28.1%
EPS growth (YoY)+147%
Balance sheet & cash flow
Free cash flowA$63.4MFY2025
Net cashA$93.0MFY2025
Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality32/100
Of which business quality 36
· Market factors (momentum, volatility) 56
Profitability21
Margins and returns on capital today
Quality Growth26
Are margins and returns improving?
Cashflow55
Earnings quality: real cash, not paper profit
Fin. Strength82
Balance sheet, leverage, solvency risk
Investment0
Disciplined investing over empire-building
Low Volatility25
Calm price path (market factor)
Momentum65
Price trend over the last 3–12 months (market factor)
52W Momentum78
Distance to the 52-week high (market factor)
Net Issuance0
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
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.
Growth Quality 81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$1.4B
Latest YoY
+89.9%
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.
+28.1%
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.
+22.5%
Avg. revenue growth/yr (25Y) ⓘ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.
+26.9%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−14.6%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−15.1%
Dividend yield0.5%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y −15.1% vs 10Y −1.6%, flattening
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4.2% (2020) → 16.7% (2025) · rising
Worst earnings drop603% (2018) (loss year, drop beyond 100%) · in AUD
Revenue+24.2%/yr
FY21A$571M
FY22A$648M
FY23A$654M
FY24A$716M
FY25A$1.4B
Net income−18.0%/yr
FY21A$76.8M
FY22−A$111M
FY23A$10.0M
FY24A$95.2M
FY25A$34.8M
Character of growth · EPS growth decomposed (2014-2025)+5.5 % p.a.
Revenue per share+12.6 %
of which total revenue +17.5 % · buybacks/dilution −4.1 %
EBIT margin−2.2 %
Tax rate−0.1 %
Residual (interest, one-offs)−4.2 %
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).
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
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
Quality Score32 · Below median
Fair Value upside−83% · Bottom 25%
Profitability
Return on equity (TTM)13% · Above median
Return on assets10% · Above median
Net margin (TTM)13% · Above median
Operating margin (TTM)34% · Above median
Growth and dividend
Revenue growth75% · Above median
Dividend yield (TTM)0.5% · Below median
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiples vs Gold median · lower = cheaper
P/E (TTM)21.6× · Priciest 25%
P/B1.61× · Cheaper than median
P/S (TTM)1.61× · Cheapest 25%
P/FCF50.0× · Priciest 25%
EV/EBITDA3.6× · Cheapest 25%
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Westgold Resources Ltd deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+27.8 % per year
Achieved revenue growth, 5 years+22.5 % p.a.
Sector median revenue growth+3.3 %
FCF yield on price1.19 %
Discount rate (WACC) in the models10.1 %
The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →
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.
This stockSector peers
VALUE0· sector 0
FUTURE100· sector 100
PAST50· sector 2
HEALTH99· sector 98
DIVIDEND10· sector 21
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.
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).
Is Westgold Resources Ltd (WGX) overvalued or undervalued?
As of Sep 3, 2026, our model estimates a fair value of A$1.11 versus a price of A$5.83, about −81% upside (overvalued).
What is the fair value of WGX?
Our model-based fair value for Westgold Resources Ltd is A$1.11 (as of Sep 3, 2026), built from audited fundamentals. The current price: A$5.83.
What is the quality score of WGX?
Westgold Resources Ltd has a Quality Score of 32/100. 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 price target for Westgold Resources Ltd (WGX)?
Our model-based price target is the fair value of A$1.11 (as of Sep 3, 2026) from 24 valuation models. Cautious scenario A$0.5270, optimistic scenario A$1.11. It is a calculation from audited fundamentals, not an analyst target.
What is the Westgold Resources Ltd stock forecast for 2026?
Our models put fair value at A$1.11, about −81% upside versus a price of A$5.83 (overvalued). Cautious scenario A$0.5270, optimistic scenario A$1.11. The calculation is refreshed regularly with new filings.
What is the revenue of Westgold Resources Ltd (WGX)?
Westgold Resources Ltd reported trailing-twelve-month revenue of about A$2.0B (latest available figure, as of Sep 3, 2026).
What is the net profit margin of WGX?
The net profit margin of Westgold Resources Ltd is about 12.8%, meaning it keeps roughly 12.8% of revenue as net income. Based on the latest reported figures.
Does Westgold Resources Ltd pay a dividend?
Westgold Resources Ltd currently shows a dividend yield of about 0.51% relative to its recent price (as of Sep 3, 2026).
What growth is priced into Westgold Resources Ltd (WGX)?
For today's price to be fair in a discounted-cash-flow model, Westgold Resources Ltd would have to grow free cash flow by +27.8 % per year for ten years (discount rate 10.1 %, then 2 % perpetual growth). Over the last 5 years revenue grew +22.5 % per year. As of Sep 3, 2026.
What discount rate (WACC) does the fair value of WGX use?
Our models discount Westgold Resources Ltd at 10.1 %: a base by market capitalisation (mid), damped by beta 1.23, country premium for Australia. The same rate applies in all 26 models.
What is the intrinsic value of Westgold Resources Ltd (WGX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Westgold Resources Ltd it is A$1.11 per share (as of Sep 3, 2026), against a price of A$5.83. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Westgold Resources Ltd stock overvalued or undervalued in 2026?
As of Sep 3, 2026, WGX trades above its calculated fair value: price A$5.83, fair value A$1.11, a gap of about −81% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of WGX?
No. The price is what the market pays today (A$5.83); the fair value is what the company's own numbers justify (A$1.11). For Westgold Resources Ltd the two are A$4.72 per share apart. That gap is exactly why we show both numbers side by side.
How much is Westgold Resources Ltd worth?
The market values Westgold Resources Ltd at about A$5.3B (market capitalisation, as of Sep 3, 2026). Per share that is A$5.83; our models calculate a fair value of A$1.11 per share.
What do the bullish and bearish scenarios say about WGX?
Our models span a range for Westgold Resources Ltd: cautious scenario A$0.5270, base A$1.11, optimistic A$1.11 per share (as of Sep 3, 2026, price A$5.83). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WGX?
Westgold Resources Ltd trades at a price-to-earnings ratio of 21.6 (as of Sep 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$1.11 is built from several models across several years. Other multiples: P/B 1.6, P/S 1.6, EV/EBITDA 3.6.
How solid is the balance sheet of Westgold Resources Ltd (WGX)?
Balance-sheet figures for Westgold Resources Ltd (as of Sep 3, 2026): return on equity 12.5%, debt of 0.02 per unit of equity. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is WGX from its 52-week high?
Westgold Resources Ltd trades at A$5.83, about 29% below its 52-week high of A$8.16 and 134% above the low of A$2.49 (as of Sep 3, 2026). Distance from the high says nothing about value: that is what the fair value of A$1.11 is for.
Which stocks are comparable to Westgold Resources Ltd?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Barrick Mining Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Westgold Resources Ltd stock attractive at the current price?
The data as of Sep 3, 2026: price A$5.83, calculated fair value A$1.11 (−81%), Quality Score 32/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of WGX calculated?
We run Westgold Resources Ltd through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$1.11, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 32.6 % above its aggregate fair value. Westgold Resources Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
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