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

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NHC

NHC - NEW HOPE CORPORATION LIMITED

FNArena Sector : Coal
Year End: July
GICS Industry Group : Energy
Debt/EBITDA: 0.42
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

$3.72

23 May
2025

0.020

OPEN

$3.69

0.54%

HIGH

$3.75

1,504,278

LOW

$3.68

TARGET
$4.15 11.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BCB . BRL . CRN . MMI . SMR . TER . WHC . YAL .
FNARENA'S MARKET CONSENSUS FORECASTS
NHC: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 56.3 53.0 xxx
DPS (cps) xxx 39.0 32.8 xxx
EPS Growth xxx - 55.3% - 5.8% xxx
DPS Growth xxx - 44.3% - 16.0% xxx
PE Ratio xxx N/A 7.0 xxx
Dividend Yield xxx N/A 8.8% xxx
Div Pay Ratio(%) xxx 69.3% 61.8% xxx

Dividend yield today if purchased 3 years ago: 9.51%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 10.48

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: 03/10 - ex-div 22c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx56.3
DPS All xxxxxxxxxxxxxxx39.0
Sales/Revenue xxxxxxxxxxxxxxx1,765.3 M
Book Value Per Share xxxxxxxxxxxxxxx300.8
Net Operating Cash Flow xxxxxxxxxxxxxxx562.0 M
Net Profit Margin xxxxxxxxxxxxxxx26.96 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx18.79 %
Return on Invested Capital xxxxxxxxxxxxxxx18.19 %
Return on Assets xxxxxxxxxxxxxxx14.18 %
Return on Equity xxxxxxxxxxxxxxx18.79 %
Return on Total Capital xxxxxxxxxxxxxxx24.77 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-97.4 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx268 M
Long Term Debt xxxxxxxxxxxxxxx93 M
Total Debt xxxxxxxxxxxxxxx361 M
Goodwill - Gross xxxxxxxxxxxxxxx6 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx825 M
Price To Book Value xxxxxxxxxxxxxxx1.62

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx272.3 M
Capex % of Sales xxxxxxxxxxxxxxx15.43 %
Cost of Goods Sold xxxxxxxxxxxxxxx916 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx167 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx293 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

0.3

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

20/05/2025

3

Neutral

$3.85

3.49%

New Hope updated April quarter run-of-mine (ROM) coal production, which was down on the previous quarter due to lower production at Bengalla. A drawdown in inventory allowed for Bengalla sales to rise.

The analyst points to lower sales for Acland due to rail problems, while run-of-mine production rose with the ramp-up.

Management retained FY25 Bengalla guidance. Acland guidance was lowered because of the rail issues. Citi lowers FY25/FY26 saleable coal forecasts by -2%, with net profit after tax estimates down -11% and -4%, respectively.

Target price slips to $3.85 from $4.20. No change to Neutral rating.

FORECAST
Citi forecasts a full year FY25 dividend of 27.00 cents and EPS of 59.50 cents.
Citi forecasts a full year FY26 dividend of 34.00 cents and EPS of 42.30 cents.

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
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

22/05/2025

5

Sell

$2.90

-22.04%

Goldman Sachs has maintained a Sell rating on New Hope Corp, implementing a modest lift in its 12-month price target to $3.00 from $2.90, following a weaker-than-expected Q3 FY25 market update.

FY25 coal sales and production guidance at New Acland were cut by circa -10% due to rail constraints and weather disruptions, while Bengalla remained on track. EBITDA for the quarter fell short of consensus, driven by lower realised prices.

Goldman cut FY25 EBITDA forecasts by -7% and reduced net asset value (NAV) by -2%.

While long-term production remains on track, softer pricing and infrastructure limitations continue to cap upside, with the shares seen trading at a premium, offering a negative total return forecast.

FORECAST
Goldman Sachs forecasts a full year FY25 EPS of 46.00 cents.
Goldman Sachs forecasts a full year FY26 EPS of 36.00 cents.
Access Extra Coverage Research History >

NHC STOCK CHART

FNArena News on NHC

1
Australian Broker Call *Extra* Edition – May 22, 2025

May 22 2025 - Daily Market Reports
2
Treasure Chest: Whitehaven Versus Stanmore

May 14 2025 - Treasure Chest
3
Australian Broker Call *Extra* Edition – Apr 14, 2025

Apr 14 2025 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 28-03-25

Mar 31 2025 - Weekly Reports
5
FNArena Corporate Results Monitor – 28-03-2025

Mar 28 2025 - Australia

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