New Hope Corp Ltd NHC

Morningstar Rating
A$5.81 +0.09 (1.57%)
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Company Report

Price vs Fair Value

NHC is trading within a range we consider fairly valued.
Price
A$5.72
Fair Value
LOCK|V>
Uncertainty
LOCK|&p
1-Star Price
LOCK|?cW
5-Star Price
LOCK|MNw
Economic Moat
LOCK|CMs
Capital Allocation
LOCK|&FXk$x

Bulls Say, Bears Say

Bulls

Demand from Asia for New Hope’s generally high-quality (high energy, low ash) thermal coal is likely to remain robust for the next decade.

Bears

Greater action on climate change could see demand for thermal coal curtailed sooner and more significantly than anticipated.

Trading Information

Previous Close Price
A$5.72
Day Range
A$5.75–5.87
52-Week Range
A$3.77–6.61
Bid/Ask
A$5.80 / A$5.81
Shares Outstanding
843.77M
Market Cap
A$4.90B
Volume/Avg
988,359 / 3M

Key Statistics

Price/Earnings (Normalized)
26.50
Price/Sales
2.77
Dividend Yield (Trailing)
6.99%
Dividend Yield (Forward)
10.49%
Dividend Payment Schedule
Apr, Oct
Total Yield
13.64%

Company Profile

New Hope Corporation is an Australian thermal coal miner. It has two operating mines: the 100%-owned New Acland coal mine in Queensland and its 80%-owned Bengalla coal mine in New South Wales. The company should sell around 13 million metric tons of thermal coal annually from fiscal 2029, up from around 11.8 million in fiscal 2026, driven by the construction and ramp up of New Acland Stage 3. The vast majority of New Hope’s production is sold into seaborne thermal coal export markets. Reserves at New Acland and Bengalla are sufficient to support multidecade mine lives. New Hope also has significant undeveloped coal resources in Queensland, as well as a 26% holding in the Malabar-Maxwell metallurgical coal mine, which began production in 2023.
Sector
Energy
Industry
Thermal Coal
Stock Style Box
Mid Value
Total Number of Employees
550

Competitors

Valuation

Metric
NHC
WHC
BHP
Price/Earnings (Normalized)
26.5023.7316.31
Price/Book Value
1.851.024.37
Price/Sales
2.771.093.67
Price/Cash Flow
8.596.899.19
Price/Earnings
NHC
WHC
BHP

Financial Strength

Metric
NHC
WHC
BHP
Quick Ratio
1.680.941.44
Current Ratio
2.121.341.88
Interest Coverage
8.482.5111.36
Quick Ratio
NHC
WHC
BHP

Profitability

Metric
NHC
WHC
BHP
Return on Assets (Normalized)
4.87%1.96%11.44%
Return on Equity (Normalized)
6.62%3.94%27.20%
Return on Invested Capital (Normalized)
6.19%5.29%17.58%
Return on Assets
NHC
WHC
BHP

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