NEW HOPE CORPORATION LIMITED (NHC)
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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

$3.93

24 Mar
2025

-0.180

OPEN

$3.87

-4.38%

HIGH

$3.93

4,901,475

LOW

$3.83

TARGET
$4.413

-0.28 change from previous day

 12.3% 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 54.3 xxx
DPS (cps) xxx 39.0 38.0 xxx
EPS Growth xxx - 55.3% - 3.6% xxx
DPS Growth xxx - 44.3% - 2.6% xxx
PE Ratio xxx N/A 7.0 xxx
Dividend Yield xxx N/A 10.0% xxx
Div Pay Ratio(%) xxx 69.3% 70.0% xxx

Dividend yield today if purchased 3 years ago: 11.37%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 10.29

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

Citi

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

19/03/2025

1

Add

$4.90

24.68%

New Hope pre-reported 1H25 earnings (EBITDA), Morgans notes, while highlighting first-half cash flow as softer than anticipated at $317m due to a non-cash impairment reversal and a settlement of provision pricing, the broker explains.

The 19c dividend per share was slightly above expectations, with Morgans emphasising the surprise $100m share buyback announcement.

Management made no changes to FY25 guidance apart from lowering Bengalla sustaining capex by around -$18m.

Target slips to $4.90 from $5.15. No change to Add rating.

FORECAST
Morgans forecasts a full year FY25 dividend of 37.00 cents and EPS of 52.00 cents.
Morgans forecasts a full year FY26 dividend of 30.00 cents and EPS of 49.00 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$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

19/03/2025

5

Sell

$4.30

9.41%

New Hope's 1H25 result was broadly in line with Goldman Sachs' estimates. The broker believes the $100m share buy-back plan signals management considers the shares to be undervalued after recent weakness.

The broker expects continued ramp-up at New Acland following the end of the legal dispute with Oakley Coal Action Alliance, but this also means higher capex.

The analyst expects production to reach 5Mpta by FY27 through the development of the Manning Vale West mining area.

However, the key negative is the outlook for thermal coal with the broker forecasting lower prices in 2025 on softer global demand and more supply.

Target price cut to $4.30 from $4.40. Sell maintained.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 36.00 cents and EPS of 63.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 36.00 cents and EPS of 63.00 cents.
Access Extra Coverage Research History >

NHC STOCK CHART

FNArena News on NHC

1
New Hope Buyback Counters 2025 Uncertainty

Mar 20 2025 - Commodities
2
Australian Broker Call *Extra* Edition – Mar 19, 2025

Mar 19 2025 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Feb 18, 2025

Feb 18 2025 - Daily Market Reports
4
Rudi’s View: Feb Season’s Best Buys & Key Picks

Jan 23 2025 - Rudi's View
5
Rudi’s View: Best Buys & Convictions For 2025

Jan 16 2025 - Rudi's View

Latest Coal News

1
New Hope Buyback Counters 2025 Uncertainty

Mar 20 2025 - Commodities
2
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3
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Jan 30 2025 - Commodities
4
ESG Focus: Decarbonisation, Renewables & Cyber Crime

Apr 03 2024 - ESG Focus
5
Better Times Ahead for New Hope?

Mar 20 2024 - Australia
6
Organic And Inorganic Opportunities For Coronado

Jul 24 2023 - Australia
7
Capacity Increase Ahead for New Hope

Mar 23 2023 - Australia
8
Stanmore Versus Coronado: Higher Margins Rule

Mar 22 2023 - Commodities
9
Whitehaven Coal: Opportunity Presents

Feb 14 2023 - Technicals
10
Coronado Needs to Hold Support

Dec 13 2022 - Technicals