New Hope Corp Ltd
NHC: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|h< | LOCK|<% | LOCK|??L>^d |
New Hope Earnings and Strengthening Thermal Coal Prices Lead to Coal Miner Fair Value Upgrades
New Hope's first-half adjusted EBITDA of AUD 215 million is down 58% on a year ago, with lower thermal coal prices the main driver. The interim dividend of AUD 10 cents per share is also down, by 47%. However, the Iran war is likely to drive higher earnings for it and our other coal mining coverage.
