West African Resources (FRA:W25) Pretax Margin %: 48.30% (As of Dec. 2025) — Near Median


FRA:W25 West African Resources Ltd FRA:W25
97 GF Score
Price €1.64
GF Value €1.95
Valuation Modestly Undervalued
! 3 Warning Signs
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What is West African Resources Pretax Margin %?

West African Resources FRA:W25 +5.11% 97 Pretax Margin % is 48.30% as of Dec. 2025, which is 6% above its 10-year median of 45.38. GuruFocus rates FRA:W25 with a GF Score™ of 97/100 and a GF Value™ of €1.95 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 842 Metals & Mining companies, West African Resources ranks better than 90.86% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. West African Resources's Pre-Tax Income for the six months ended in Dec. 2025 was €290.8 Mil. West African Resources's Revenue for the six months ended in Dec. 2025 was €602.0 Mil. Therefore, West African Resources's pretax margin for the quarter that ended in Dec. 2025 was 48.30%.

The historical rank and industry rank for West African Resources's Pretax Margin % or its related term are showing as below:

FRA:W25' s Pretax Margin % Range Over the Past 10 Years
Min: 36.59   Med: 45.38   Max: 52.67
Current: 52.67


FRA:W25's Pretax Margin % is ranked better than
90.86% of 842 companies
in the Metals & Mining industry
Industry Median: 4.855 vs FRA:W25: 52.67

West African Resources  (FRA:W25) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


West African Resources Pretax Margin % Related Terms


West African Resources Pretax Margin % Historical Data

* Premium members only.

The historical data trend for West African Resources's Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

West African Resources Pretax Margin % Chart

West African Resources Annual Data
Trend Jun16 Jun17 Jun18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 45.19 42.49 36.59 47.23 52.67

West African Resources Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.97 39.11 54.45 62.48 48.30

FRA:W25 vs NEM, AU: Pretax Margin % Comparison

For the Gold subindustry, West African Resources's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


West African Resources Pretax Margin % vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, West African Resources's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where West African Resources's Pretax Margin % falls into.


FRA:W25
97GF Score
West African Resources Ltd FRA:W25
Pretax Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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West African Resources Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

West African Resources's Pretax Margin for the fiscal year that ended in Dec. 2025 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=458.436/870.342
=52.67 %

West African Resources's Pretax Margin for the quarter that ended in Dec. 2025 is calculated as

Pretax Margin=Pre-Tax Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=290.767/601.969
=48.30 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Pretax Margin % →
What does a Pretax Margin % of 48.30% mean?
West African Resources (FRA:W25) has a Pretax Margin % of 48.30% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on West African Resources and its competitors. This is near median its historical median of 45.38. Over the past decade, West African Resources' Pretax Margin % has ranged from 36.59 to 52.67. According to the industry distribution chart, West African Resources ranks #77 out of 842 companies in the Metals & Mining industry, placing it in the top 9.1%.
Is West African Resources' Pretax Margin % too high?
West African Resources' current Pretax Margin % of 48.30% is near median its 10-year median of 45.38. Over the past 10 years, this metric has ranged from a low of 36.59 to a high of 52.67. The Metals & Mining industry median Pretax Margin % is 4.86. West African Resources' value of 48.30% is 894.9% above this industry median. Based on the distribution chart, West African Resources ranks #77 out of 842 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, West African Resources has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does West African Resources' Pretax Margin % compare to NEM and AU?
According to the Metals & Mining industry distribution chart, West African Resources ranks #77 out of 842 companies for Pretax Margin %. This places West African Resources in the top 9% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 4.86. West African Resources' value of 48.30% is 894.9% above this benchmark. Historically, West African Resources' own Pretax Margin % has ranged from 36.59 to 52.67 over the past decade. While the company's 10-year median is 45.38 vs. the industry median of 4.86, West African Resources has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Metals & Mining company?
The median Pretax Margin % among Metals & Mining companies is 4.86, based on 842 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. West African Resources's current Pretax Margin % of 48.30% is 894.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on West African Resources and its competitors. For the Metals & Mining industry, the median Pretax Margin % is 4.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. West African Resources's current Pretax Margin % is 48.30%, which is near median its own 10-year median of 45.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is West African Resources stock overvalued right now?
Based on GuruFocus' analysis, West African Resources (FRA:W25) is currently considered Modestly Undervalued. The stock's GF Value™ is €1.95, compared to a current price of €1.64 — trading 15.7% below its estimated fair value. The current Pretax Margin % is 48.30%, which is near median its 10-year median of 45.38 and 894.9% above the Metals & Mining industry median of 4.86. West African Resources' overall GF Score™ is 97/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For West African Resources (FRA:W25), the current Pretax Margin % is 48.30% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is West African Resources (FRA:W25) Overvalued in 2026?

Based on GuruFocus' analysis, West African Resources stock appears to be undervalued. The current stock price of €1.64 is trading 15.7% below its estimated GF Value™ of €1.95. GuruFocus considers West African Resources to be Modestly Undervalued.

Key valuation signals for FRA:W25:

  • Pretax Margin %: 48.30% (near median its 10-year median of 45.38)
  • GF Value™: €1.95 vs. price of €1.64 (15.7% below fair value)
  • GF Score™: 97/100 with 3 warning signs
  • Industry Position: 894.9% above the Metals & Mining median (#77 of 842)

No single metric tells the full story. See the FRA:W25 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


West African Resources Business Description

Address 1 Alvan Street, Level 1, Subiaco, WA, AUS, 6008
West African Resources Ltd is engaged in mineral exploration in Burkina Faso. It focuses on the development of the Sanbrado Gold Project. The Group's mineral portfolio also includes gold and copper-gold exploration permits in Burkina Faso. The operating segments of the Company that includes Mining Operations: comprise the Sanbrado Gold Project operation located in Burkina Faso. Construction and E&E segment comprises mines under construction andexploration and evaluation (E&E) projects in locations other than Sanbrado.
97GF Score

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Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.64
Price
€1.95
GF Value