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: 0.42
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

$5.00

23 Dec
2024

0.000

OPEN

$4.97

0.000

HIGH

$5.01

1,179,868

LOW

$4.89

TARGET
$5.375 7.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
NHC: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 56.3 66.7 xxx
DPS (cps) xxx 39.0 39.5 xxx
EPS Growth xxx - 55.3% 18.5% xxx
DPS Growth xxx - 44.3% 1.3% xxx
PE Ratio xxx N/A 7.6 xxx
Dividend Yield xxx N/A 7.8% xxx
Div Pay Ratio(%) xxx 69.3% 59.2% xxx

Dividend yield today if purchased 3 years ago: 17.03%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.71

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: 23/10 - ex-div 30c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 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

0.8

No. Of Recommendations

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

Citi

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

19/11/2024

3

Hold

$4.60

-8.00%

In line with Bell Potter's forecasts, New Hope reported quarterly saleable production of 2.7mt and sales of 2.8mt.

As Hunter Valley rail constraints eased, Bengalla sales increased by 20% quarter-on-quarter, and FOB cash costs decreased by -19%, while New Acland sales declined by -37% due to shipment timing, explain the analysts.

After incorporating FY25 guidance for group saleable production of 10.8-11.9mt and sales of 10.7-11.8mt, the broker maintains a Hold rating and a $4.60 target.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 36.00 cents and EPS of 67.70 cents.
Bell Potter forecasts a full year FY26 dividend of 29.00 cents and EPS of 52.20 cents.

Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx 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

16/12/2024

5

Sell

$4.30

-14.00%

New Hope's Q1 FY25 saleable coal production and sales were in line with Goldman Sach's estimates, with an improved performance from the Bengalla mine offsetting lower than expected volumes at New Acland due to lower coal yields.

Overall FY25 guidance was also broadly in line with the broker, resulting in minor downward revision of -3% to FY earnings, and upward revision of 2% for FY26.

The changes incorporate lower costs at Bengalla, and lower coal yields at New Acland and realised pricing going forward.

Sell rating with a $4.30 target price.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 37.00 cents and EPS of 0.61 cents.
Goldman Sachs forecasts a full year FY26 dividend of 23.00 cents and EPS of 38.00 cents.
Access Extra Coverage Research History >

NHC STOCK CHART

FNArena News on NHC

1
Australian Broker Call *Extra* Edition – Dec 16, 2024

Dec 16 2024 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 13-12-24

Dec 16 2024 - Weekly Reports
3
Rudi’s View: Earnings, Best Ideas & Favourite Stock Picks

Oct 24 2024 - Rudi's View
4
Rudi’s View: China Scepsis, Energy Preferences & The US Election

Oct 10 2024 - Rudi's View
5
In Brief: Collins Food, Domino’s, Guzman y Gomez & Artrya

Oct 04 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