Category: 3. Business

Westgold Resources (ASX:WGX) has shown solid share price growth over the past quarter, with shares climbing nearly 69% in that time. Investors are likely watching closely as the company continues to ride this positive momentum.

See our latest analysis for Westgold Resources.

Looking beyond the past quarter, Westgold Resources’ momentum stands out, with an 88.6% share price return year-to-date and a 92.1% total shareholder return over the last year. That kind of sustained outperformance hints that investors are starting to recognize its progress and growth potential, particularly after management’s recent positive updates.

If this kind of strong momentum has you wondering what other opportunities are out there, now’s a great chance to broaden your scope and discover fast growing stocks with high insider ownership

With shares up strongly and investor optimism running high, the key question now is whether Westgold’s current price truly reflects the company’s fundamentals or if there remains untapped value for those considering a buy.

Westgold Resources’ most widely followed valuation narrative suggests the shares have room to run, as its fair value estimate sits well above the latest close. Market optimism is high, yet the reasoning behind this impressive valuation hinges on specific developments that analysts believe could be major game changers.

Extensive mine and infrastructure upgrades, specifically at Bluebird-South Junction, Beta Hunt, and the Higginsville plant, are expected to materially lift volumes, grades, and operational efficiency over FY ’26. These factors support net margin expansion as higher-quality ore feeds, cost savings, and productivity gains take hold.

Read the complete narrative.

Think this is just another bullish take? The calculation behind this upside view leans on projected gains in margins and some aggressive profit forecasts for the next few years. Wondering how analysts arrive at a price nearly a fifth above today’s? Find out the forecasted numbers and the financial logic driving this bold valuation.

Result: Fair Value of $6.83 (UNDERVALUED)

Have a read of the narrative in full and understand what’s behind the forecasts.

However, persistent low ore grades or failure to deliver expected cost reductions could quickly undermine these bullish forecasts and slow Westgold’s upward momentum.

Find out about the key risks to this Westgold Resources narrative.

While the fair value estimate sees upside, a look at the price-to-earnings ratio tells a starkly different story. Westgold trades at 148.2 times earnings, which is far above the Australian metals and mining industry’s 19.6x and its peers’ average of 27.5x. Even compared to the fair ratio of 36.2x, the current multiple stands out as steep. This raises the risk the shares might be priced for perfection. Are the expectations built into this premium justified, or could sentiment turn sharply if ambitions are not met?

See what the numbers say about this price — find out in our valuation breakdown.

If you want to take a different perspective or have your own insights to test, it takes less than three minutes to shape your version of the narrative. Do it your way

A great starting point for your Westgold Resources research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.

Seize your chance to uncover untapped opportunities beyond Westgold. Don’t give other investors the first move. Fresh ideas could put you ahead of the market.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include WGX.AX.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Klarna Group.

The Price-to-Sales (P/S) ratio is a favored valuation tool for companies like Klarna Group because it focuses on revenue rather than earnings. This is especially useful for businesses that may be growing rapidly or not consistently profitable, since sales figures tend to be more stable and less affected by accounting adjustments than earnings.

Growth expectations and the overall risk profile significantly influence what would be considered a “normal” or “fair” P/S ratio. Companies with strong growth prospects, higher profit margins, or lower perceived risks typically command higher multiples, while riskier or lower-growth firms receive discounts. The Diversified Financial industry’s average P/S ratio stands at 2.27x, while Klarna’s peers are trading at an average of 3.27x. Klarna Group itself is currently valued at a P/S ratio of 3.64x, meaning investors are paying nearly $3.64 for every $1 of Klarna’s sales, which is above both industry and peer averages.

This is where Simply Wall St’s proprietary “Fair Ratio” provides an added edge. Unlike simple peer or industry comparisons, the Fair Ratio incorporates a company’s unique growth outlook, profit margins, market cap, and level of risk, giving a truer sense of what the stock’s multiple should be today. By factoring in these elements, the Fair Ratio aims to filter out timing-related market distortions and deliver a target multiple based on fundamentals rather than short-term sentiment.

In this case, Klarna’s P/S ratio is notably higher than its industry and peer averages. However, without a Fair Ratio value provided here for comparison, a direct conclusion can’t be drawn. Investors should continue to look for updates to the Fair Ratio for a more complete picture of Klarna’s valuation.

Result: OVERVALUED

PS ratios tell one story, but what if the real opportunity lies elsewhere? Discover 1430 companies where insiders are betting big on explosive growth.

Earlier we mentioned that there’s an even better way to understand valuation, so let’s introduce you to Narratives. A Narrative is a simple yet powerful tool that allows you to tell your own story about Klarna Group’s future by connecting your perspective—your assumptions about fair value, revenue growth, and earnings—to a financial forecast. Narratives link the company’s business story to its numbers, showing how your outlook on Klarna translates into an estimated fair value and actionable insights.

On Simply Wall St’s Community page, millions of investors are already using Narratives to quickly visualize whether Klarna Group’s price is above or below what they believe it’s actually worth, helping them decide when to buy or sell. Narratives are updated automatically as new information comes out, keeping your view fresh and relevant in fast-moving markets. For example, some investors might see extraordinary upside and estimate Klarna Group’s fair value at $75, while others set a far more cautious target of $22, reflecting their unique stories and expectations for the business.

Do you think there’s more to the story for Klarna Group? Head over to our Community to see what others are saying!

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include KLAR.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Members of the South Bandung Farming Cooperative (KPBS) have recorded a 38 per cent increase in productive loans and a 43 per cent rise in sales volumes over the past two years, following the introduction of a new business app.

“Easier access to financing means higher loan volumes, which in turn means more cattle and higher income for our farmers,” said Head of KBPS Aun Gunawan. “This is how financial inclusion leads to improved livelihoods.”

Founded in 1969, KPBS has 5,000 members and produces 70,000 tons of milk a day. The cooperative operates its own dairy plant, using around 15 per cent of its milk production to manufacture yoghurt and mozzarella cheese, while the remainder is sold to dairy companies in the region. 

In addition, the cooperative runs a hospital, veterinary service, and a bank—all designed to support members and enhance their well‑being and competitiveness.

Holistic and healthy

“We take a holistic approach, and for us it is all about health—not only the health of farmers and their cattle, but also financial health,” Mr Gunawan explained to the heads of United Nations agencies in Indonesia, who visited KPBS as part of their annual Leadership Dialogue on shaping the UN’s trajectory in the country.

The International Labour Organization (ILO) is now supporting the cooperative in implementing this vision, leveraging digitization to strengthen financial inclusion. The project is implemented in cooperation with the Indonesian Financial Services Authority (OJK) and the Coordinating Ministry of Economic Affairs.

UN Indonesia/Miklos Gaspar

A worker checks the pH of semi-fermented milk as part of the cheese-productioin process.

“KPBS was already a strong, well‑managed business before our involvement,” said Simrin Singh, ILO Country Director for Indonesia and Timor‑Leste. “The tools we have provided have catalyzed further improvements and enhanced livelihoods.”

Through the Enterprise Resource Planning (ERP) system business app – introduced by the ILO under a project funded by the Government of Switzerland – farmers can now track their income and expenses, including the cost of fodder provided by the cooperative. 

They also have 24/7 access to the cooperative’s veterinarians, who can reach farms within 30 minutes. 

The app records individual animals’ veterinary data, including vaccination schedules, enabling milk collection points to segregate milk from recently vaccinated cows. If mixed with regular milk, such milk could reduce the day’s overall quality—and therefore the selling price.

Higher volume, better price

“These practical improvements have contributed not only to higher volumes but also to better prices per litre sold,” Mr Gunawan said.

The most significant impact, however, has been improved access to finance. The cooperative has operated its own bank since 1993 to provide farmers with credit. 

With the ERP system, loan applications have become simpler and more accessible, Ms Singh explained. The bank can now view farmers’ financial data – income, liquidity, and outstanding debt – directly through the system, resulting in a higher rate of approved applications.

Applications have also increased. With the integrated ERP tool, farmers no longer need to travel and queue to complete forms; they can apply directly through the app, where their financial history is already recorded and available to the lending team. 

UN Indonesia/Miklos Gaspar

Dairy cows feed at a farm in Pangalengan, in West Jave, Indonesia.

“This may sound like a matter of convenience, but it is far more than that,” said dairy farmer Encih Mintarsih. “Farmers cannot easily leave their cattle for half a day, let alone multiple times, to submit an application that may not even be approved. 

“Now we can apply online and spend our time productively. That makes us far more likely to pursue financing,” she added.

Towards food self‑sufficiency

Programmes like this have broader national relevance: strengthening domestic food production and self‑reliance is a top priority for the Government of Indonesia. 

The country currently imports around 80 per cent of its dairy products. Enhancing the productivity and competitiveness of local milk producers contributes directly to national self‑sufficiency goals.
It also provides a model for inclusive rural economic growth.

“In an upper‑middle‑income country like Indonesia, the digital transformation of the economy and improved access to finance are essential for progressing toward high‑income status,” said Gita Sabharwal, UN Resident Coordinator in Indonesia. “For this reason, in close consultation with the Government, digitalization and access to finance are key priorities of the new cooperation framework between the UN and Indonesia.”

The United Nations Sustainable Development Cooperation Framework (UNSDCF), signed in August 2025 and aligned with the SDGs and Indonesia’s national development agenda, outlines how the UN will contribute to three transformative outcomes in the country, including Economic and Digital Transformation. 

“This outstanding programme by the ILO demonstrates how the UN can complement the Government’s efforts to accelerate inclusive development using modern technology,” Ms Sabharwal said.

The project contributes directly to OJK’s Rural Bank Transformation Blueprint, strengthens the inclusive financial ecosystem model, and supports the efforts of the National Committee on Financial Literacy and Inclusion to improve financial literacy and inclusion. It also aligns with national priorities to digitize small and medium-sized enterprises (SMEs) and boost productivity through digital tools.

“In Indonesia, 90 per cent of jobs are created by SMEs – so improving their competitiveness is critical to ensuring decent work,” Ms Singh said. 

The intent is for this approach to be rolled out more widely across the country.

What advice does Mr Gunawan have for other cooperatives and policymakers? “Show farmers clear and tangible benefits, and they will quickly adopt digital technologies,” he said. 

“Buzzwords like ‘digitization’ and ‘financial inclusion’ must be translated into their daily reality – just as we have done here with the support of the ILO and the UN.”

In a Phase III study, a daily dose of 50 milligrams significantly reduced the risk of ischemic stroke compared with a placebo, Bayer said.

Sign up here.

Detailed results from the OCEANIC-STROKE study will be presented at an upcoming scientific congress, said Bayer.

Bayer added that it plans to speak with health authorities worldwide in preparation for the submission of marketing authorisation applications.

Bayer had originally predicted that asundexian would have peak sales potential of more than 5 billion euros ($5.76 billion) – more than any of its other drugs.

($1 = 0.8687 euros)

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That said, a “normal” or “fair” PE ratio isn’t fixed. It shifts depending on growth expectations and risk. Companies with faster earnings growth or lower risk usually trade at higher PE ratios. Those with uncertain futures may see their multiples dip, even if their profits look strong today.

Currently, Maplebear trades at a PE of 20.89x, which is almost identical to its Consumer Retailing industry average of 20.89x and slightly higher than the typical peer average of 19.35x. According to Simply Wall St’s proprietary Fair Ratio, an advanced calculation recognizing Maplebear’s earnings growth, profit margins, risk profile, market cap, and its industry context, the “fair” PE for Maplebear stands at 17.78x.

The Fair Ratio is a step up from simple peer or industry comparisons. It considers not just market benchmarks but also deeper company qualities and risks that matter for a true assessment of value. Comparing Maplebear’s actual PE ratio of 20.89x with its Fair Ratio of 17.78x suggests the stock is trading at a premium to what is justified by its unique fundamentals and risk.

Result: OVERVALUED

PE ratios tell one story, but what if the real opportunity lies elsewhere? Discover 1430 companies where insiders are betting big on explosive growth.

Earlier we mentioned there is an even better way to understand valuation, so let’s introduce you to Narratives. Narratives are a simple yet powerful tool that lets investors connect the company’s story with their own expectations, translating their view on Maplebear’s future revenues, earnings, and margins directly into a financial forecast and a fair value.

Instead of just looking at static numbers, Narratives help you articulate your perspective. For example, you might believe Maplebear will outpace the industry thanks to AI efficiency, or you might worry that competition and regulation will slow growth. Each Narrative lives inside the Simply Wall St Community page, making it accessible and interactive for millions of investors around the globe.

What makes Narratives so useful is their dynamic nature. Whenever fresh news, such as new partnerships, product launches, or updated earnings, hits the market, your Narrative’s fair value automatically updates to reflect the latest facts. This means you always have an up-to-date benchmark to compare against Maplebear’s current share price and judge whether it is time to buy, sell or hold.

For example, one Narrative might forecast Maplebear’s value as high as $67 per share, assuming booming digital orders and major ad growth, while a more cautious Narrative could see fair value closer to $42, reflecting stronger competition and tighter margins.

Do you think there’s more to the story for Maplebear? Head over to our Community to see what others are saying!

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include CART.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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