WESTGOLD RESOURCES LTD (WGX.CA) Fundamental Analysis & Valuation

TSX:WGX • AU000000WGX6

6.68 CAD
-0.42 (-5.92%)
Last: Mar 5, 2026, 07:00 PM
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This WGX.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

7

Overall WGX gets a fundamental rating of 7 out of 10. We evaluated WGX against 816 industry peers in the Metals & Mining industry. While WGX belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. WGX is evaluated to be cheap and growing strongly. This does not happen too often! These ratings would make WGX suitable for value and growth investing!


Dividend Valuation Growth Profitability Health

8

1. WGX.CA Profitability Analysis

1.1 Basic Checks

  • In the past year WGX was profitable.
  • WGX had a positive operating cash flow in the past year.
  • Of the past 5 years WGX 4 years were profitable.
  • In multiple years WGX reported negative operating cash flow during the last 5 years.
WGX.CA Yearly Net Income VS EBIT VS OCF VS FCFWGX.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M 300M

1.2 Ratios

  • WGX has a better Return On Assets (4.23%) than 88.11% of its industry peers.
  • WGX has a better Return On Equity (6.88%) than 88.97% of its industry peers.
  • WGX has a Return On Invested Capital of 4.78%. This is amongst the best in the industry. WGX outperforms 91.30% of its industry peers.
  • WGX had an Average Return On Invested Capital over the past 3 years of 3.82%. This is significantly below the industry average of 12.59%.
  • The last Return On Invested Capital (4.78%) for WGX is above the 3 year average (3.82%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.23%
ROE 6.88%
ROIC 4.78%
ROA(3y)3.79%
ROA(5y)1.29%
ROE(3y)5.73%
ROE(5y)2.19%
ROIC(3y)3.82%
ROIC(5y)4.15%
WGX.CA Yearly ROA, ROE, ROICWGX.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10

1.3 Margins

  • WGX's Profit Margin of 6.79% is amongst the best of the industry. WGX outperforms 90.81% of its industry peers.
  • In the last couple of years the Profit Margin of WGX has declined.
  • The Operating Margin of WGX (13.40%) is better than 90.56% of its industry peers.
  • WGX's Operating Margin has improved in the last couple of years.
  • With an excellent Gross Margin value of 18.38%, WGX belongs to the best of the industry, outperforming 87.75% of the companies in the same industry.
  • WGX's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 13.4%
PM (TTM) 6.79%
GM 18.38%
OM growth 3Y46.33%
OM growth 5Y21.17%
PM growth 3YN/A
PM growth 5Y-18.33%
GM growth 3Y43.87%
GM growth 5Y22.72%
WGX.CA Yearly Profit, Operating, Gross MarginsWGX.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. WGX.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), WGX is destroying value.
  • Compared to 1 year ago, WGX has more shares outstanding
  • Compared to 5 years ago, WGX has more shares outstanding
  • Compared to 1 year ago, WGX has an improved debt to assets ratio.
WGX.CA Yearly Shares OutstandingWGX.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
WGX.CA Yearly Total Debt VS Total AssetsWGX.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

  • An Altman-Z score of 4.23 indicates that WGX is not in any danger for bankruptcy at the moment.
  • WGX has a Altman-Z score (4.23) which is comparable to the rest of the industry.
  • WGX has a debt to FCF ratio of 2.32. This is a good value and a sign of high solvency as WGX would need 2.32 years to pay back of all of its debts.
  • WGX has a Debt to FCF ratio of 2.32. This is amongst the best in the industry. WGX outperforms 92.28% of its industry peers.
  • WGX has a Debt/Equity ratio of 0.02. This is a healthy value indicating a solid balance between debt and equity.
  • WGX has a Debt to Equity ratio of 0.02. This is comparable to the rest of the industry: WGX outperforms 43.50% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 2.32
Altman-Z 4.23
ROIC/WACC0.42
WACC11.32%
WGX.CA Yearly LT Debt VS Equity VS FCFWGX.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B

2.3 Liquidity

  • WGX has a Current Ratio of 1.16. This is a normal value and indicates that WGX is financially healthy and should not expect problems in meeting its short term obligations.
  • The Current ratio of WGX (1.16) is comparable to the rest of the industry.
  • A Quick Ratio of 0.74 indicates that WGX may have some problems paying its short term obligations.
  • WGX has a Quick ratio of 0.74. This is in the lower half of the industry: WGX underperforms 63.73% of its industry peers.
  • The current and quick ratio evaluation for WGX is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 1.16
Quick Ratio 0.74
WGX.CA Yearly Current Assets VS Current LiabilitesWGX.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. WGX.CA Growth Analysis

3.1 Past

  • The earnings per share for WGX have decreased strongly by -80.75% in the last year.
  • Measured over the past years, WGX shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -15.12% on average per year.
  • The Revenue has grown by 89.86% in the past year. This is a very strong growth!
  • WGX shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 22.54% yearly.
EPS 1Y (TTM)-80.75%
EPS 3YN/A
EPS 5Y-15.12%
EPS Q2Q%-33.68%
Revenue 1Y (TTM)89.86%
Revenue growth 3Y28.07%
Revenue growth 5Y22.54%
Sales Q2Q%108.38%

3.2 Future

  • WGX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 77.74% yearly.
  • Based on estimates for the next years, WGX will show a very strong growth in Revenue. The Revenue will grow by 29.42% on average per year.
EPS Next Y315.96%
EPS Next 2Y129.5%
EPS Next 3Y77.74%
EPS Next 5YN/A
Revenue Next Year82.22%
Revenue Next 2Y43.54%
Revenue Next 3Y29.42%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
WGX.CA Yearly Revenue VS EstimatesWGX.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B 2B 2.5B
WGX.CA Yearly EPS VS EstimatesWGX.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.2 0.4 0.6 0.8

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7

4. WGX.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 44.53, which means the current valuation is very expensive for WGX.
  • Based on the Price/Earnings ratio, WGX is valued cheaply inside the industry as 87.87% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 26.69. WGX is valued rather expensively when compared to this.
  • WGX is valuated reasonably with a Price/Forward Earnings ratio of 10.33.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of WGX indicates a rather cheap valuation: WGX is cheaper than 93.87% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.79, WGX is valued rather cheaply.
Industry RankSector Rank
PE 44.53
Fwd PE 10.33
WGX.CA Price Earnings VS Forward Price EarningsWGX.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • WGX's Price/Free Cash Flow ratio is rather cheap when compared to the industry. WGX is cheaper than 91.30% of the companies in the same industry.
Industry RankSector Rank
P/FCF 103.64
EV/EBITDA N/A
WGX.CA Per share dataWGX.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.5 1 1.5 2

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The excellent profitability rating of WGX may justify a higher PE ratio.
  • A more expensive valuation may be justified as WGX's earnings are expected to grow with 77.74% in the coming years.
PEG (NY)0.14
PEG (5Y)N/A
EPS Next 2Y129.5%
EPS Next 3Y77.74%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. WGX.CA Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.39%, WGX is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.38, WGX pays a better dividend. On top of this WGX pays more dividend than 95.71% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, WGX's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.39%

5.2 History

  • WGX has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
WGX.CA Yearly Dividends per shareWGX.CA Yearly Dividends per shareYearly Dividends per share 2021 2024 2025 0.01 0.01 0.02 0.02 0.03

5.3 Sustainability

  • WGX pays out 4.38% of its income as dividend. This is a sustainable payout ratio.
DP4.38%
EPS Next 2Y129.5%
EPS Next 3Y77.74%
WGX.CA Yearly Income VS Free CF VS DividendWGX.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M -100M -150M
WGX.CA Dividend Payout.WGX.CA Dividend Payout, showing the Payout Ratio.WGX.CA Dividend Payout.PayoutRetained Earnings

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WGX.CA Fundamentals: All Metrics, Ratios and Statistics

WESTGOLD RESOURCES LTD

TSX:WGX (3/5/2026, 7:00:00 PM)

6.68

-0.42 (-5.92%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-26
Earnings (Next)N/A
Inst Owners68.05%
Inst Owner ChangeN/A
Ins Owners0.17%
Ins Owner ChangeN/A
Market Cap6.31B
Revenue(TTM)1.99B
Net Income(TTM)135.44M
Analysts82.22
Price Target8.94 (33.83%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.39%
Yearly Dividend0.01
Dividend Growth(5Y)N/A
DP4.38%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)29.57%
PT rev (3m)46.17%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0.27%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)10.96%
Revenue NY rev (3m)10.67%
Valuation
Industry RankSector Rank
PE 44.53
Fwd PE 10.33
P/S 3.3
P/FCF 103.64
P/OCF 18.42
P/B 3.34
P/tB 3.34
EV/EBITDA N/A
EPS(TTM)0.15
EY2.25%
EPS(NY)0.65
Fwd EY9.68%
FCF(TTM)0.06
FCFY0.96%
OCF(TTM)0.36
OCFY5.43%
SpS2.03
BVpS2
TBVpS2
PEG (NY)0.14
PEG (5Y)N/A
Graham Number2.6
Profitability
Industry RankSector Rank
ROA 4.23%
ROE 6.88%
ROCE 9.51%
ROIC 4.78%
ROICexc 5.23%
ROICexgc 5.23%
OM 13.4%
PM (TTM) 6.79%
GM 18.38%
FCFM 3.18%
ROA(3y)3.79%
ROA(5y)1.29%
ROE(3y)5.73%
ROE(5y)2.19%
ROIC(3y)3.82%
ROIC(5y)4.15%
ROICexc(3y)4.93%
ROICexc(5y)5.31%
ROICexgc(3y)4.93%
ROICexgc(5y)5.31%
ROCE(3y)7.59%
ROCE(5y)8.26%
ROICexgc growth 3Y10.03%
ROICexgc growth 5Y7.71%
ROICexc growth 3Y10.03%
ROICexc growth 5Y7.71%
OM growth 3Y46.33%
OM growth 5Y21.17%
PM growth 3YN/A
PM growth 5Y-18.33%
GM growth 3Y43.87%
GM growth 5Y22.72%
F-Score4
Asset Turnover0.62
Health
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 2.32
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 14.72%
Interest Coverage -32.09
Cash Conversion N/A
Profit Quality 46.84%
Current Ratio 1.16
Quick Ratio 0.74
Altman-Z 4.23
F-Score4
WACC11.32%
ROIC/WACC0.42
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-80.75%
EPS 3YN/A
EPS 5Y-15.12%
EPS Q2Q%-33.68%
EPS Next Y315.96%
EPS Next 2Y129.5%
EPS Next 3Y77.74%
EPS Next 5YN/A
Revenue 1Y (TTM)89.86%
Revenue growth 3Y28.07%
Revenue growth 5Y22.54%
Sales Q2Q%108.38%
Revenue Next Year82.22%
Revenue Next 2Y43.54%
Revenue Next 3Y29.42%
Revenue Next 5YN/A
EBIT growth 1Y39.4%
EBIT growth 3Y87.4%
EBIT growth 5Y48.48%
EBIT Next Year488.16%
EBIT Next 3Y98.14%
EBIT Next 5YN/A
FCF growth 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3Y25.68%
OCF growth 5Y18.05%

WESTGOLD RESOURCES LTD / WGX.CA FAQ

Can you provide the ChartMill fundamental rating for WESTGOLD RESOURCES LTD?

ChartMill assigns a fundamental rating of 7 / 10 to WGX.CA.


What is the valuation status of WESTGOLD RESOURCES LTD (WGX.CA) stock?

ChartMill assigns a valuation rating of 7 / 10 to WESTGOLD RESOURCES LTD (WGX.CA). This can be considered as Undervalued.


What is the profitability of WGX stock?

WESTGOLD RESOURCES LTD (WGX.CA) has a profitability rating of 8 / 10.


What are the PE and PB ratios of WESTGOLD RESOURCES LTD (WGX.CA) stock?

The Price/Earnings (PE) ratio for WESTGOLD RESOURCES LTD (WGX.CA) is 44.53 and the Price/Book (PB) ratio is 3.34.


Is the dividend of WESTGOLD RESOURCES LTD sustainable?

The dividend rating of WESTGOLD RESOURCES LTD (WGX.CA) is 3 / 10 and the dividend payout ratio is 4.38%.