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New Hope Corporation Limited (AU:NHC)
ASX:NHC
RESEARCH TOOLSreports
New Hope Corporation Limited (NHC) Share Price & Analysis
84 Followers
NHC Stock Chart & Stats
Day’s RangeAU$0 - AU$0
52-Week RangeAU$4.05 - AU$6.00
Previous CloseAU$5.02
Volume727.65K
Average Volume (3M)2.99M
Market Cap
AU$4.24B
Enterprise ValueAU$3.72B
Total Cash (Recent Filing)AU$815.71M
Total Debt (Recent Filing)AU$290.98M
Price to Earnings (P/E)6.4
Beta0.30
Next Earnings
Sep 17, 2024EPS Estimate
AU$0.3Last Dividend Ex-Date
Apr 15, 2024Dividend Yield7.43%
Share Statistics
EPS (TTM)0.78
Shares Outstanding845,335,464
10 Day Avg. Volume1,838,230
30 Day Avg. Volume2,988,702
Standard Deviation0.11
R-Squared0.10
Alpha-0.00533
Financial Highlights & Ratios
Price to Book (P/B)N/A
Price to Sales (P/S)0.32
Price to Cash Flow (P/CF)N/A
P/FCF Ratio16.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$4.72Price Target Upside-6.09% Downside
Rating ConsensusHold
Number of Analyst Covering5
New Hope Corporation Limited News
PremiumCompany Announcements
JPMorgan Secures 6.45% Stake in New Hope CorpPremiumCompany Announcements
New Hope Launches A$300M Convertible Notes Offering
PremiumCompany Announcements
New Hope Corp Announces Board ReshufflePremiumCompany Announcements
New Hope Corp Issues Employee Performance Rights
PremiumCompany Announcements
New Hope Corp’s Strong Quarter Amid Market Shifts
PremiumCompany Announcements
JPMorgan Adjusts Stance on New Hope Corp
Bulls Say, Bears Say
Bulls Say
Financial GuidanceWith the strong production performance, FY costs are still expected to be at the lower end of the cost guidance range of A$72-81/t.
Operational PerformanceOperationally NHC is performing strongly, with the Bengalla mine operating at an annualized rate of 14.8Mtpa, well above the 13.5Mtpa nameplate of the recently completed expansion.
Sales Guidance UpgradeThe ramp-up of New Acland Stage 3 (NAC3) is also progressing well with NHC securing spot rail capacity, and has upgraded coal sales guidance from 0.66Mt to 0.80Mt for FY24.
Bears Say
Legal IssuesNAC3's water license is being legally challenged, potentially impacting future mining operations.
PricingRealised thermal coal pricing for the quarter was A$180/t, an 11% discount to benchmark.
ValuationNHC is rated a Sell based on valuation: trading at ~1.35x NAV, discounting a long-run thermal coal price of ~US$100/t vs. US$83/t estimate, trading on an NTM EBITDA multiple of ~5x vs. global coal peers on ~4.5x.
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Options Prices
Currently, No data available
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Ownership Overview
1.19% Insiders
6.13% Mutual Funds
3.76% Other Institutional Investors
88.92% Public Companies and
Individual Investors
NHC FAQ
What was New Hope Corporation Limited’s price range in the past 12 months?
New Hope Corporation Limited lowest share price was AU$4.05 and its highest was AU$6.00 in the past 12 months.
What is New Hope Corporation Limited’s market cap?
Currently, no data Available
When is New Hope Corporation Limited’s upcoming earnings report date?
New Hope Corporation Limited’s upcoming earnings report date is Sep 17, 2024 which is in 71 days.
How were New Hope Corporation Limited’s earnings last quarter?
New Hope Corporation Limited released its earnings results on Mar 18, 2024. The company reported AU$0.297 earnings per share for the quarter, beating the consensus estimate of AU$0.275 by AU$0.022.
Is New Hope Corporation Limited overvalued?
According to Wall Street analysts New Hope Corporation Limited’s price is currently Overvalued.
Does New Hope Corporation Limited pay dividends?
New Hope Corporation Limited pays a Annually dividend of AU$0.17 which represents an annual dividend yield of 7.43%. See more information on New Hope Corporation Limited dividends here
What is New Hope Corporation Limited’s EPS estimate?
New Hope Corporation Limited’s EPS estimate is AU$0.3.
How many shares outstanding does New Hope Corporation Limited have?
New Hope Corporation Limited has 845,335,450 shares outstanding.
What happened to New Hope Corporation Limited’s price movement after its last earnings report?
New Hope Corporation Limited reported an EPS of AU$0.297 in its last earnings report, beating expectations of AU$0.275. Following the earnings report the stock price went up 3.837%.
Which hedge fund is a major shareholder of New Hope Corporation Limited?
Currently, no hedge funds are holding shares in AU:NHC
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New Hope Corporation Limited Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
AU$4.72 (-6.09% Downside)
AU$4.72 (-6.09% Downside)
Blogger Sentiment
Bullish
AU:NHC Sentiment 94%
Sector Average 70%
Sector Average 70%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
5.60%
12-Months-Change
Fundamentals
Return on Equity
26.10%
Trailing 12-Months
Asset Growth
-14.88%
Trailing 12-Months
Company Description
New Hope Corporation Limited
New Hope Corporation is an Australian pure-play thermal coal miner. Its two operating assets-the 100% owned New Acland coal mine and its 80% interest in the Bengalla coal mine-produce a cumulative 12 million tonnes of salable thermal coal annually. 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 multi-decade mine lives. New Hope's undeveloped coal resources are extensive and include exploration status coal resources in excess of 1 billion tonnes in Queensland's Surat basin.
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NHC Company Deck
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NHC Earnings Call
Q2 2024
0:00 / 0:00
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NHC Stock 12 Month Forecast
Average Price Target
AU$4.72
▼(-6.09% Downside)
Technical Analysis
New Hope Corporation Limited
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Plains All American
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Enterprise Products Partners
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Oneok
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MPLX
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Best Analysts Covering NHC
1 Year
1 Year Success Rate
15/23 ratings generated profit
1 Year Average Return
+9.13%
reiterated a sell rating 5 days ago
Copying Paul Young's trades and holding each position for 1 Year would result in 65.22% of your transactions generating a profit, with an average return of +9.13% per trade.
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