Western Copper and Gold Corporation (WRN) 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

-98.2%

$0.03

vs $1.60 price

Levered DCF

$0.03

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

57.88

Safe zone

Rating

Overall 2 / 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	-234.85×	-41.03×	-84.25×	-72.17×	-90.46×	-88.64×	-61.87×	-21.47×
P/B	3.81×	1.5×	2.02×	3.33×	2.54×	2.18×	2.23×	1.33×
P/S	0×	0×	0×	0×	0×	0×	0×	0×
EV / EBITDA	-98.63×	-28.42×	-51.85×	-66.67×	-50.17×	0×	-62.21×	-80.77×
Gross margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Operating margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Current ratio	19.69×	22.18×	7.47×	5.5×	15.42×	25.41×	4.5×	8.21×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	0×	0×	0×	-83.25×	0×	0×	0×	-34.72×
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	-1.6%	-3.7%	-2.4%	-4.6%	-3.3%	-2.5%	-3.5%	-6.2%
Return on invested capital	-3.9%	-5.1%	-3.7%	-5.1%	-4.6%	-2.7%	-3.7%	-6.3%
Return on assets	-1.6%	-3.6%	-2.3%	-4.4%	-3.2%	-2.4%	-3.5%	-6.1%
Free cash flow yield	-0.5%	-6.5%	-8.0%	-6.6%	-5.4%	-4.3%	-5.4%	-5.7%
Earnings yield	-0.4%	-2.4%	-1.2%	-1.4%	-1.3%	-1.1%	-1.6%	-4.7%
Enterprise value	$727.2M	$269.6M	$255.5M	$364.3M	$254.2M	$151.7M	$109.9M	$58.3M
Net debt / EBITDA	1.09×	1.49×	5.23×	0.17×	5.97×	0×	0.93×	4.19×
Cash conversion cycle (days)	0	-7,257	-7,544	-9	-8	0	0	0