Wesdome Gold Mines Ltd. (WDO.TO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+41.0%

CA$36.84

vs CA$26.12 price

Levered DCF

CA$18.61

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

14.25

Safe zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	9.8×	14.19×	-184.01×	-74.8×	12.24×	29.5×	33.9×	40.27×
P/B	3.65×	3.38×	2.66×	2.67×	4.08×	5.62×	6.74×	3.79×
P/S	3.74×	3.46×	3.42×	4.01×	6.14×	6.85×	8.49×	5.14×
EV / EBITDA	5.05×	5.88×	12.17×	23.97×	7.21×	13.84×	16.24×	13.25×
Gross margin	59.8%	43.3%	11.3%	19.3%	44.6%	41.8%	42.2%	29.1%
Operating margin	55.8%	36.8%	1.8%	8.0%	58.8%	35.9%	36.1%	20.9%
Net margin	38.2%	24.3%	-1.9%	-5.5%	49.9%	23.5%	25.0%	12.8%
Current ratio	5.8×	3.44×	0.92×	0.67×	1.74×	2.78×	2.16×	1.41×
Debt / equity	0×	0×	0.1×	0.16×	0.04×	0.04×	0.06×	0.06×
Interest coverage	249.62×	71.59×	1.17×	7.9×	108.46×	57.42×	87.28×	88.52×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	37.3%	23.7%	-1.4%	-3.7%	33.2%	19.3%	19.8%	9.5%
Return on invested capital	31.9%	19.6%	1.0%	3.8%	21.2%	15.9%	14.9%	7.7%
Return on assets	30.5%	18.1%	-1.0%	-2.4%	23.7%	14.1%	14.3%	7.1%
Free cash flow yield	8.1%	6.3%	0.0%	-7.6%	-0.8%	2.3%	0.9%	1.1%
Earnings yield	10.2%	7.0%	-0.5%	-1.4%	8.1%	3.4%	2.9%	2.5%
Enterprise value	CA$3.1B	CA$1.8B	CA$1.1B	CA$1.1B	CA$1.6B	CA$1.4B	CA$1.4B	CA$578.6M
Net debt / EBITDA	-0.58×	-0.4×	0.01×	0.67×	-0.19×	-0.5×	-0.26×	-0.4×
Cash conversion cycle (days)	-9	1	8	-18	-20	-4	22	-30