Western Areas Limited chart

Last update: 2021-02-19
Key statistics and financials
Revenue per share 1.02
Dividend & YieldN/A$ (N/A)
Beta 1.22
Market capitalization 1.23B
Operating cash flow 98.25M
ESG Scores unknown

Company description

Western Areas Limited mines for, processes, and sells nickel sulphide concentrates and other base metals in Australia. It holds a 100% interest in the Forrestania project located in Western Australia. Western Areas Limited was incorporated in 1999 and is based in West Perth, Australia.

Sector: Basic Materials - Industry: Other Industrial Metals & Mining

Financial data

Financial Statements

Cashflow Statement 2018-06-30 2019-06-30 2020-06-30 2021-06-30
Change To Liabilities 10M 1.33M -602k -1.15M
Total Cashflows From Investing Activities -59.78M -99.84M -110.93M -143.79M
Net Borrowings -282k -321k -1.17M -5.88M
Total Cash From Financing Activities -5.84M -5.84M -8.9M 90.34M
Change To Operating Activities -131k 212k -101k 323k
Issuance Of Stock 100M 100M 100M 100M
Net Income 11.84M 14.19M 31.87M -7.71M
Change In Cash 11.35M -7.38M 531k 6.26M
Effect Of Exchange Rate
Total Cash From Operating Activities 76.97M 98.3M 120.36M 59.72M
Depreciation 64.87M 60.17M 75.63M 82.62M
Change To Account Receivables -9.22M 2.25M 3.2M -2.93M
Other Cashflows From Financing Activities -100k -50k -1.69M -1.69M
Change To Netincome 7.19M 2.85M 5.61M 4.31M
Capital Expenditures -59.78M -99.3M -115.36M -143.3M

Income Statement 2018-06-30 2019-06-30 2020-06-30 2021-06-30
Research Development
Income Before Tax 17.16M 19.02M 44.94M -10.69M
Net Income 11.84M 14.19M 31.87M -7.71M
Selling General Administrative 20.98M 18.41M 19.91M 20.03M
Gross Profit 101.86M 89.96M 136.58M 95.56M
Ebit 14.71M 10.01M 40.09M -8.02M
Operating Income 14.71M 10.01M 40.09M -8.02M
Interest Expense -637k -192k -342k -670k
Income Tax Expense 5.33M 4.82M 13.07M -2.98M
Total Revenue 248.27M 268.72M 308.35M 257.17M
Cost Of Revenue 146.41M 178.75M 171.77M 161.62M
Total Other Income ExpenseNet 2.45M 9.01M 4.85M -2.67M
Net Income From Continuing Ops 11.84M 14.19M 31.87M -7.71M
Net Income Applicable To Common Shares 11.84M 14.19M 31.87M -7.71M

Balance Sheet Statement 2018-06-30 2019-06-30 2020-06-30 2021-06-30
Total Liabilities 83.12M 94.95M 129.12M 171.47M
Total Stockholder Equity 488.81M 501.58M 525.91M 635.43M
Other Current Liabilities 1.59M 15k 7.72M 461k
Total Assets 571.93M 596.53M 655.03M 806.9M
Common Stock 459.18M 459.18M 460.06M 560.7M
Other Current Assets 39k 1.26M
Retained Earnings 1.32M 10.04M 33.7M 23.24M
Treasury Stock 28.31M 32.35M 32.15M 51.49M
Cash 151.64M 144.26M 144.79M 151.05M
Total Current Liabilities 47.77M 53.45M 64.72M 68.87M
Other Stockholder Equity 28.31M 32.35M 32.15M 51.49M
Property, Plant, and Equipment 329.46M 372.63M 426.36M 532.4M
Total Current Assets 208.66M 189.67M 194.24M 210.22M
Net Tangible Assets 488.31M 501.07M 525.4M 634.93M
Net Receivables 21.91M 19.56M 16.1M 21.07M
Accounts Payable 17.79M 29.64M 29.32M 33.51M


Insider Transactions

Here are the insider transactions of stock shares related to Western Areas Limited:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Belladonna (Joseph)D2021-06-30Chief Financial Officer4.66k
Jones (W)D2021-06-30Divisional Officer57.28k
Lougher (Daniel Richard)Other at price 1.67 per share.D2021-04-29Managing Director9.3k
Macliver (Ian Alexander)Other at price 1.67 per share.D2021-04-29Independent Chairman Of The Board13.95k
Netscher (Timothy Carl)Other at price 1.67 per share.D2021-04-29Director (Non-Executive)7.77k
Streltsova (Natalia)Other at price 1.67 per share.D2021-04-29Director (Non-Executive)8.83k
Lougher (Daniel Richard)Purchase at price 1.59 per share.D2021-03-29Managing Director9.9k
Netscher (Timothy Carl)Purchase at price 1.59 per share.D2021-03-29Director (Non-Executive)12k
Broughton (Yasmin)Purchase at price 1.59 per share.D2021-03-11Independent Non-Executive Director9.66k
Lougher (Daniel Richard)Purchase at price 1.59 per share.D2021-03-11Managing Director10k
Readhead (Craig Leslie)D2020-11-19Former20.21k
Macliver (Ian Alexander)Purchase at price 1.41 per share.D2020-11-05Independent Chairman Of The Board5k
Lougher (Daniel Richard)Purchase at price 1.34 per share.D2020-11-02Managing Director10.41k
Lougher (Daniel Richard)Other at price 1.50 per share.D2020-10-09Managing Director2.49k
Macliver (Ian Alexander)Other at price 1.50 per share.D2020-10-09Independent Chairman Of The Board175
Netscher (Timothy Carl)Other at price 1.50 per share.D2020-10-09Director (Non-Executive)194
Readhead (Craig Leslie)Other at price 1.50 per share.D2020-10-09Director (Non-Executive)96
Streltsova (Natalia)Acquisition at price 1.51 per share.D2020-10-09Director (Non-Executive)38
Netscher (Timothy Carl)Purchase at price 1.67 per share.D2020-09-15Director (Non-Executive)7.5k
Lougher (Daniel Richard)Sale at price 1.68 per share.D2020-09-08Managing Director75k
Lougher (Daniel Richard)D2020-08-04Managing Director210.14k
Lougher (Daniel Richard)Other at price 1.08 per share.D2020-04-03Managing Director2.06k
Netscher (Timothy Carl)Other at price 1.08 per share.D2020-04-03Director (Non-Executive)85
Readhead (Craig Leslie)Other at price 1.08 per share.D2020-04-03Director (Non-Executive)111
Netscher (Timothy Carl)Purchase at price 1.17 per share.D2020-03-31Director (Non-Executive)17k
Streltsova (Natalia)Purchase at price 1.12 per share.D2020-03-30Director (Non-Executive)8k
Lougher (Daniel Richard)Purchase at price 1.03 per share.D2020-03-20Managing Director10k
Belladonna (Joseph)D2019-06-30Chief Financial Officer72.72k
Jones (W)D2019-06-30Divisional Officer52.29k
Streltsova (Natalia)Purchase at price 0.02 per share.D2019-01-17Director6.62k
Southam (David C)D2018-11-26Former72.85k
Lougher (Daniel Richard)Sale at price 1.67 per share.D2018-11-06Managing Director56.84k
Lougher (Daniel Richard)Purchase at price 1.77 per share.D2018-09-03Managing Director10k
Lougher (Daniel Richard)Sale at price 2.00 per share.D2018-08-29Managing Director125k
Southam (David C)Sale at price 1.99 per share.D2018-08-27Director (Executive)100k
Netscher (Timothy Carl)Purchase at price 1.95 per share.D2018-08-24Director (Executive)3.6k
Lougher (Daniel Richard)D2018-07-12Managing Director191.84k
Southam (David C)D2018-07-12Director (Executive)107.93k
Belladonna (Joseph)D2018-06-30Chief Financial Officer72.63k
Jones (W)D2018-06-30Divisional Officer1.75k
Lougher (Daniel Richard)Sale at price 2.73 per share.D2018-04-26Managing Director10k
Lougher (Daniel Richard)Purchase at price 2.43 per share.D2018-03-07Managing Director20k
Southam (David C)Purchase at price 2.46 per share.D2018-03-07Director (Executive)47.8k
Lougher (Daniel Richard)Sale at price 1.97 per share.D2017-08-25Managing Director163.6k
Southam (David C)Sale at price 1.98 per share.D2017-08-23Director (Executive)100k
Lougher (Daniel Richard)D2017-07-28Managing Director143.6k
Southam (David C)D2017-07-28Director (Executive)80.79k
Belladonna (Joseph)D2017-06-30Chief Financial Officer61.06k
Jones (W)D2017-06-30Divisional Officer87.47k
Netscher (Timothy Carl)Purchase at price 1.95 per share.D2017-02-23Director (Independent)5k
Readhead (Craig Leslie)Purchase at price 1.93 per share.D2017-02-23Director (Independent)20k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Western Areas Limited. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Western Areas Limited

Here is the result of two systematic investment strategies applied to Western Areas Limited. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Western Areas Limited

The following chart shows the equity curve of the two systematic investment strategies applied to Western Areas Limited:

Western Areas Limited automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 3.64% on the backtest period.

Performance at glance

Performance

3.64 %

Latent gain

81.9 $

Invested capital

2252.95 $

Annualized return

0.89 %
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Momentum strategy results on Western Areas Limited

This is the result of two momentum investment strategies applied to Western Areas Limited. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Western Areas Limited

The following chart shows all the entries opened by the momentum investment system on Western Areas Limited:

Western Areas Limited momentum entries
  • The first momentum investment strategy would give -0.92% of return on Western Areas Limited. That represents -55.48$ of latent gain with 6006.53$ of employed capital.
  • The second momentum investment strategy would give -6.6% of return on Western Areas Limited. That represents -231.43$ of latent gain with 3504.64$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-0.92 %

Latent gain

-55.48 $

Invested capital

6006.53 $

Annualized return

2.27 %
Performance at glance (2Q Momentum)

Performance

-6.6 %

Latent gain

-231.43 $

Invested capital

3504.64 $

Annualized return

-1.82 %

Momentum equity curve on Western Areas Limited

The following chart shows the equity curve of the two momentum strategies applied to Western Areas Limited:

Western Areas Limited momentum equity

Note: the dividends potentially given by Western Areas Limited are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Western Areas Limited

The following chart shows the employed capital evolution of the two momentum strategies on Western Areas Limited since the beginning:

Western Areas Limited

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Western Areas Limited

Buy the dip entry openings on Western Areas Limited

Western Areas Limited

The performance achieved by the robo-advisor on Western Areas Limited is 4.76%. That represents 106.88$ of latent gain with 2245.12$ of employed capital. The following chart shows Western Areas Limited stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Western Areas Limited, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

4.76 %

Latent gain

106.88 $

Invested capital

2245.12 $

Annualized return

2.27 %

Equity curve of the strategy applied to Western Areas Limited

The following chart shows the result of the investment strategy applied to Western Areas Limited:

Western Areas Limited

Note: the dividends potentially given by Western Areas Limited are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Western Areas Limited

The following chart shows the employed capital evolution since the beginning of the investment strategy on Western Areas Limited:

Western Areas Limited

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Western Areas Limited

In this section, I will compare the three previous investment strategies applied to Western Areas Limited.

Equity curve comparison on Western Areas Limited

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Western Areas Limited investment strategy comparison

Employed capital comparison on Western Areas Limited

Western Areas Limited investment comparison

Performance comparison on Western Areas Limited

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 3.64% 81.9$ 2252.95$ 0.89%
Momentum 1 quarter -0.92% -55.48$ 6006.53$ -0.24%
Momentum 2 quarters -6.6% -231.43$ 3504.64$ -1.82%
Non-directional 4.76% 106.88$ 2245.12$ 2.27%
Annualized return comparison

Automatic investment

0.89 %

Momentum 1Q

-1.82 %

Momentum 2Q

-1.82 %

Non-directional

2.27 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Western Areas Limited:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between Western Areas Limited and the other stocks. There may be false positives or some missing correlated stocks. If the price of Western Areas Limited does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Western Areas Limited
Country Australia
City West Perth
Address 2 Kings Park Road
Phone 61 8 9334 7777
Website www.westernareas.com.au
FullTime employees
Industry Other Industrial Metals & Mining
Sector Basic Materials
Exchange XASX
Ticker WSA.XASX
Market www2.asx.com.au

Western Areas Limited ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown