Western Areas Limited (WSA) - Research

$2.390
Prices as at 16:40, 18 Apr 2019

WSA Current Share Price+

Current Price $2.390
Open $2.390
High $2.455
Low $2.360
Last Close $2.390
Volume 982610
Price Movement - ( No change )
  • +Security prices are delayed by at least 20 minutes and are indicative only.

WSA General Information

Western Areas Limited
WSA
http://www.westernareas.com.au
Diversified Metals & Mining
651
274

WSA Company Overview

Business Description

Western Areas Limited (WSA, formerly Western Areas NL) is an Australian-based nickel sulphide explorer and producer. The core asset is the 100% owned Forrestania Nickel Operation which comprises two operating mines Flying Fox and Spotted Quoll. They also has 100% interest in Bioheap Ltd, a patented bacterial leaching technology.

WSA Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2018 F 10.19 3.70 47.50% 64.59 3.00 1.26% 100.0%
2017 F 6.91 2.51 -137.40% 95.22 0.00 0.00% 0.0%
2016 A -16.46 -6.71 -145.20% -35.46 0.00 0.00% 0.0%

WSA Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2016 A 2017 F 2018 F 2016 A 2017 F 2018 F 2016 A 2017 F 2018 F
BHP Group (BHP) $112,826M 0.4448 0.0844 0.0541 15.3458 14.1511 13.4249 4.17% 6.83% 5.44%
Iluka Resources (ILU) $3,807M 2.7345 0.1786 -0.1474 11.6048 9.8459 11.5483 3.22% 3.02% 3.36%
Rio Tinto (RIO) $35,785M 0.1465 0.2364 -0.1941 13.3881 10.8285 13.4369 8.08% 6.44% 5.21%
South32 (S32) $17,684M 0.2485 0.0744 -0.2688 9.4279 8.7750 12.0000 4.05% 6.07% 4.66%
Western Areas (WSA) $646M 0.0000 0.1148 2.9475 55.2693 49.5798 12.5599 0.85% 0.56% 0.71%

WSA Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 2.04 51.30 1.33 0.47
Market 0.93 16.70 1.52 1.50
Sector 1.51 13.10 1.33 0.66

WSA Directors

Name Position Start Date
Mr Daniel Richard Lougher Chief Executive Officer, Managing Director 19 May 2008
Mr Craig Leslie Readhead Non-Executive Director 26 Jun 2014
Mr Timothy Carl Netscher Non-Executive Director 1 Aug 2014
Mr Richard James Yeates Non-Executive Director 1 Oct 2009
Dr Natalia Streltsova Non-Executive Director 1 Jan 2017
Mr Ian Alexander Macliver Non-Executive Director, Non-Executive Chairman 1 Oct 2011

WSA Management

Name Position
Joseph (Joe) Belladonna Chief Financial Officer,Company Secretary
W Jones General Manager Operations

WSA Substantial Shareholders

Holding Name
22,786,684 (8.33%) Paradice Investment Management Pty Ltd

WSA Calendar of Events

Date Event
19 February 2020 Report (Interim)
22 January 2020 Report (Quarterly)
29 October 2019 Report (Quarterly)
18 October 2019 Report (Annual)
21 August 2019 Report (Prelim)
22 July 2019 Report (Quarterly)
23 April 2019 Report (Quarterly)

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