NEW HOPE CORPORATION LIMITED (NHC)
Share Price Analysis and Chart

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NHC - NEW HOPE CORPORATION LIMITED

FNArena Sector : Coal
Year End: July
GICS Industry Group : Energy
Debt/EBITDA: 0.05
Index: ASX200 | ASX300 | ALL-ORDS

New Hope is an Australian diversified energy group. Its operations include coal mining, oil and gas exploration, agriculture, port operation, innovative technologies and investment. Founded in 1952 it became a listed company in 2003.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.71

22 Jul
2024

-0.050

OPEN

$4.76

-1.05%

HIGH

$4.78

1,391,685

LOW

$4.68

TARGET
$4.98 5.7% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ATU . BCB . BRL . CRN . MMI . SMR . TER . WHC . YAL .
FNARENA'S MARKET CONSENSUS FORECASTS
NHC: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 126.0 62.3 xxx
DPS (cps) xxx 70.0 35.0 xxx
EPS Growth xxx 6.7% - 50.6% xxx
DPS Growth xxx - 18.6% - 50.1% xxx
PE Ratio xxx N/A 7.5 xxx
Dividend Yield xxx N/A 7.5% xxx
Div Pay Ratio(%) xxx 55.6% 56.1% xxx

Dividend yield today if purchased 3 years ago: 37.04%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 14.96

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 15/04 - ex-div 17c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx126.0
DPS All xxxxxxxxxxxxxxx70.0
Sales/Revenue xxxxxxxxxxxxxxx2,700.7 M
Book Value Per Share xxxxxxxxxxxxxxx298.3
Net Operating Cash Flow xxxxxxxxxxxxxxx1,524.8 M
Net Profit Margin xxxxxxxxxxxxxxx40.26 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx44.96 %
Return on Invested Capital xxxxxxxxxxxxxxx41.90 %
Return on Assets xxxxxxxxxxxxxxx32.60 %
Return on Equity xxxxxxxxxxxxxxx44.96 %
Return on Total Capital xxxxxxxxxxxxxxx58.87 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx510.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx10 M
Long Term Debt xxxxxxxxxxxxxxx75 M
Total Debt xxxxxxxxxxxxxxx85 M
Goodwill - Gross xxxxxxxxxxxxxxx6 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx731 M
Price To Book Value xxxxxxxxxxxxxxx1.78

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx187.0 M
Capex % of Sales xxxxxxxxxxxxxxx6.92 %
Cost of Goods Sold xxxxxxxxxxxxxxx961 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx206 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx239 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.1

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Citi

19/06/2024

3

Neutral

$4.85

2.97%

Citi has updated its commodity price projections.

The broker lowers the iron ore price by -4% for 2024 to US$110/t, and lifts alumina and aluminium by 12% and 8%, to US$430 and US$2488/t, respectively, for 2024.

For 2025, Citi lifts aluminium by 13% to US$2950/t and copper by 14% to US$12,000/t.

On balance, the broker views the higher upside for copper and uranium and the greatest downside risk to prices for manganese and alumina.

Citi lifts the New Hope FY25 EBITDA forecast by 11% due to the exhange rate and post a slight tweak in cost assumptions.

Target price for New Hope and Neutral rating are unchanged.

FORECAST
Citi forecasts a full year FY24 EPS of 62.00 cents.
Citi forecasts a full year FY25 EPS of 77.00 cents.

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Goldman Sachs

07/07/2024

5

Sell

$3.90

-17.20%

For the second half of 2024 commodities outlook, Goldman Sachs remains most positive on copper, aluminium, and metallurgical coal on forecast market deficits.

On the other hand, the broker remains bearish thermal coal and battery materials (lithium, nickel) on forecast market surpluses. Elsewhere, the benchmark 62% iron ore price is expected to average between US$100-105/t over the remainder of the year.

The broker's target for New Hope rises to $3.90 from $3.60 on slightly higher 2H thermal coal prices and higher long-run met coal and semi-soft price forecasts. Sell.

FORECAST
Goldman Sachs forecasts a full year FY24 EPS of 64.50 cents.
Goldman Sachs forecasts a full year FY25 EPS of 54.00 cents.
Access Stockbroker Research History >

NHC STOCK CHART

FNArena News on NHC

1
Material Matters: Iron Ore, Gold & Coal

Jul 12 2024 - Commodities
2
Australian Broker Call *Extra* Edition – Jul 09, 2024

Jul 09 2024 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 28-06-24

Jul 01 2024 - Weekly Reports
4
Australian Broker Call *Extra* Edition – May 27, 2024

May 27 2024 - Daily Market Reports
5
In Brief: Retail, Travel, Top Dividends, Banks & Telstra

May 24 2024 - Weekly Reports

Latest Coal News

1
ESG Focus: Decarbonisation, Renewables & Cyber Crime

Apr 03 2024 - ESG Focus
2
Better Times Ahead for New Hope?

Mar 20 2024 - Australia
3
Organic And Inorganic Opportunities For Coronado

Jul 24 2023 - Australia
4
Capacity Increase Ahead for New Hope

Mar 23 2023 - Australia
5
Stanmore Versus Coronado: Higher Margins Rule

Mar 22 2023 - Commodities
6
Whitehaven Coal: Opportunity Presents

Feb 14 2023 - Technicals
7
Coronado Needs to Hold Support

Dec 13 2022 - Technicals
8
Poor Production Won’t Rain On Coronado’s Parade

Nov 02 2022 - Small Caps
9
New Hope: Higher Thermal Coal Price Forecasts

Sep 28 2022 - Australia
10
Coronado Global Resources: Upside Despite Near-Term Weakness

Jul 25 2022 - Australia