West African Resources Limited (W25) - Net Assets
Based on the latest financial reports, West African Resources Limited (W25) has net assets worth €1.31 Billion EUR (≈ $1.54 Billion USD) as of December 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.97 Billion ≈ $2.31 Billion USD) and total liabilities (€660.42 Million ≈ $772.10 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check West African Resources Limited liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.31 Billion |
| % of Total Assets | 66.55% |
| Annual Growth Rate | 86.23% |
| 5-Year Change | 662.71% |
| 10-Year Change | N/A |
| Growth Volatility | 243.57 |
West African Resources Limited - Net Assets Trend (2016–2024)
This chart illustrates how West African Resources Limited's net assets have evolved over time, based on quarterly financial data. Also explore W25 total assets for the complete picture of this company's asset base.
Annual Net Assets for West African Resources Limited (2016–2024)
The table below shows the annual net assets of West African Resources Limited from 2016 to 2024. For live valuation and market cap data, see West African Resources Limited (W25) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €1.31 Billion ≈ $1.54 Billion |
+45.05% |
| 2023-12-31 | €905.83 Million ≈ $1.06 Billion |
+22.32% |
| 2022-12-31 | €740.57 Million ≈ $865.80 Million |
+33.58% |
| 2021-12-31 | €554.41 Million ≈ $648.16 Million |
+221.83% |
| 2020-12-31 | €172.26 Million ≈ $201.40 Million |
+132.07% |
| 2019-12-31 | €74.23 Million ≈ $86.78 Million |
+717.42% |
| 2016-12-31 | €9.08 Million ≈ $10.62 Million |
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Equity Component Analysis
This analysis shows how different components contribute to West African Resources Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 77951954000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €716.64 Million | 57.47% |
| Other Components | €530.34 Million | 42.53% |
| Total Equity | €1.25 Billion | 100.00% |
West African Resources Limited Competitors by Market Cap
The table below lists competitors of West African Resources Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MFF Capital Investments Ltd
AU:MFF
|
$1.97 Billion |
|
Israel Canada
TA:ISCN
|
$1.97 Billion |
|
Shenzhen Batian Ecotypic Engineering Co Ltd
SHE:002170
|
$1.97 Billion |
|
Capitalonline Data Service Co Ltd
SHE:300846
|
$1.97 Billion |
|
Nations Technologies Inc
SHE:300077
|
$1.97 Billion |
|
Ratch Group Public Company Limited
BK:RATCH
|
$1.97 Billion |
|
Yuan Longping High-tech Agriculture Co Ltd
SHE:000998
|
$1.97 Billion |
|
Aluar Aluminio Argentino
BA:ALUA
|
$1.97 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in West African Resources Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 861,204,000 to 1,246,984,000, a change of 385,780,000 (44.8%).
- Net income of 223,844,000 contributed positively to equity growth.
- Share repurchases of 5,237,000 reduced equity.
- New share issuances of 150,232,000 increased equity.
- Other factors increased equity by 16,941,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €223.84 Million | +17.95% |
| Share Repurchases | €5.24 Million | -0.42% |
| Share Issuances | €150.23 Million | +12.05% |
| Other Changes | €16.94 Million | +1.36% |
| Total Change | €- | 44.80% |
Book Value vs Market Value Analysis
This analysis compares West African Resources Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.62x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 94.65x to 1.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | €0.02 | €1.78 | x |
| 2017-12-31 | €0.06 | €1.78 | x |
| 2019-12-31 | €0.09 | €1.78 | x |
| 2020-12-31 | €0.19 | €1.78 | x |
| 2021-12-31 | €0.51 | €1.78 | x |
| 2022-12-31 | €0.68 | €1.78 | x |
| 2023-12-31 | €0.84 | €1.78 | x |
| 2024-12-31 | €1.09 | €1.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently West African Resources Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.95%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.90%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.58x
- Recent ROE (17.95%) is above the historical average (-9.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -157.73% | 0.00% | 0.00x | 1.22x | €-15.23 Million |
| 2017 | -64.39% | 0.00% | 0.00x | 0.00x | €-29.23 Million |
| 2019 | -5.60% | 0.00% | 0.00x | 4.40x | €-11.91 Million |
| 2020 | 54.08% | 28.80% | 0.58x | 3.21x | €72.84 Million |
| 2021 | 35.99% | 26.56% | 0.88x | 1.53x | €136.46 Million |
| 2022 | 23.48% | 27.13% | 0.69x | 1.25x | €94.39 Million |
| 2023 | 17.05% | 22.29% | 0.54x | 1.42x | €60.75 Million |
| 2024 | 17.95% | 30.90% | 0.37x | 1.58x | €99.15 Million |
Industry Comparison
This section compares West African Resources Limited's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $12,388,487
- Average return on equity (ROE) among peers: -46.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| West African Resources Limited (W25) | €1.31 Billion | -157.73% | 0.50x | $1.97 Billion |
| Pearl Gold AG (02P) | $0.00 | 0.00% | 0.00x | $12.86 Million |
| Asante Gold Corporation (1A9) | $3.53 Million | -19.08% | 0.79x | $640.51 Million |
| American Pacific Mining Corp (1QC1) | $41.94 Million | -24.06% | 0.02x | $19.08 Million |
| SITKA GOLD CORP (1RF) | $43.88 Million | -7.79% | 0.14x | $236.82 Million |
| GREENHAWK RESOURCES INC. (2V70) | $5.66 Million | -275.28% | 0.01x | $50.39K |
| THETA GOLD MNS LTD (3LM) | $8.69 Million | -50.24% | 1.23x | $149.39 Million |
| McLaren Resources Inc (3ML) | $398.20K | -80.71% | 0.21x | $2.42 Million |
| Tarachi Gold Corp (4RZ) | $3.36 Million | 12.54% | 0.01x | $2.42 Million |
| KATORO GOLD PLC LS-01 (622) | $-325.46K | 0.00% | 0.00x | $1.74 Million |
| Blue Lagoon Resources Inc (7BL) | $16.76 Million | -23.25% | 0.47x | $76.21 Million |
About West African Resources Limited
West African Resources Limited engages in the mining, mineral processing, acquisition, exploration, and project development of gold projects in West Africa. The company has 90% interests in the Sanbrado Gold project located in Burkina Faso; and Kiaka Gold project located in Burkina Faso. It also holds 100% owned exploration license in the Toega Gold Project located in Burkina Faso. The company wa… Read more