We add Glencore's secondary listing on the ASX to our coverage of its primary listing in London. It is a large thermal and metallurgical coal miner, with its marketing and copper divisions being other major businesses. We also update our coal miner fair values for our latest assumed coal prices.
Existing thermal coal producers, particularly those like Whitehaven that produce high-energy, high-quality coal, may benefit from future supply potentially being damped as new coal mines face more difficulties gaining approval.
The company's return on invested capital is likely to be below its cost of capital in the long term.
|
Metric
|
WHC
|
NHC
|
GLEN
|
|---|---|---|---|
Price/Earnings (Normalized) | 25.83 | 30.64 | 13.65 |
Price/Book Value | 1.07 | 1.97 | 2.06 |
Price/Sales | 1.14 | 2.96 | 0.29 |
Price/Cash Flow | 7.20 | 9.18 | 8.03 |
|
Metric
|
WHC
|
NHC
|
GLEN
|
|---|---|---|---|
Quick Ratio | 0.94 | 1.68 | 0.34 |
Current Ratio | 1.34 | 2.12 | 1.06 |
Interest Coverage | 2.51 | 8.48 | 2.71 |
|
Metric
|
WHC
|
NHC
|
GLEN
|
|---|---|---|---|
Return on Assets (Normalized) | 1.96% | 4.87% | 4.51% |
Return on Equity (Normalized) | 3.94% | 6.62% | 16.36% |
Return on Invested Capital (Normalized) | 5.29% | 6.19% | 11.40% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| China Shenhua Energy Co Ltd Class H
CUAEF
| — | LOCK|zTcH | $152B | |||
| China Shenhua Energy Co Ltd ADR
CSUAY
| p@# | LOCK|NX!?$ | $152B | |||
| China Coal Energy Co Ltd Class H
CCOZF
| — | LOCK|n#f | $25B | |||
| China Coal Energy Co Ltd ADR
CCOZY
| $^C | LOCK|bs? | $25B | |||
| Yankuang Energy Group Co Ltd Class H
YZCHF
| — | LOCK|#%p | $22B | |||
| Yankuang Energy Group Co Ltd ADR
YZCAY
| LOCK|t>B | LOCK|S%K | $22B | |||
| Yancoal Australia Ltd
YACAF
| — | LOCK|tVd | $5B | |||
| Whitehaven Coal Ltd
WHITF
| — | LOCK|?S | $4B | |||
| Core Natural Resources Inc Ordinary Shares
CNR
| — | LOCK|cS< | $4B | |||
| PT Alamtri Resources Indonesia Tbk
PADEF
| — | LOCK|n$% | $4B |
United States