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

$3.64

23 Apr
2025

0.090

OPEN

$3.60

2.54%

HIGH

$3.67

2,585,611

LOW

$3.60

TARGET
$4.413 21.2% 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 6.7 xxx
Dividend Yield xxx N/A 10.4% xxx
Div Pay Ratio(%) xxx 69.3% 70.0% xxx

Dividend yield today if purchased 3 years ago: 11.75%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 10.68

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

34.62%

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

10/04/2025

5

Sell

$2.90

-20.33%

A recent China trip and a review of supply/dynamics due to the impact of global tariffs have resulted in Goldman Sachs downgrading most commodity price forecasts while raising estimates for precious metals.

This resulted in downgrades to 2025 and 2026 EBITDA and price targets for most companies under their coverage.

In the case of New Hope, the broker cut FY25-26 EBITDA forecasts by -15% and -31%, respectively, mainly on cuts to met coal and thermal coal price estimates.

Sell. Target cut to $2.90 from $4.30.

FORECAST
Goldman Sachs forecasts a full year FY25 EPS of 50.00 cents.
Goldman Sachs forecasts a full year FY26 EPS of 38.00 cents.
Access Extra Coverage Research History >

NHC STOCK CHART

FNArena News on NHC

1
Australian Broker Call *Extra* Edition – Apr 14, 2025

Apr 14 2025 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 28-03-25

Mar 31 2025 - Weekly Reports
3
FNArena Corporate Results Monitor – 28-03-2025

Mar 28 2025 - Australia
4
Rudi’s View: Coal, Copper, Car Group & More

Mar 27 2025 - Rudi's View
5
New Hope Buyback Counters 2025 Uncertainty

Mar 20 2025 - Commodities

Latest Coal News

1
Rudi’s View: Coal, Copper, Car Group & More

Mar 27 2025 - Rudi's View
2
New Hope Buyback Counters 2025 Uncertainty

Mar 20 2025 - Commodities
3
Whitehaven Coal: Sales Up, Prices Down

Jan 31 2025 - Commodities
4
Coronado Global Counts On Better Times Ahead

Jan 30 2025 - Commodities
5
ESG Focus: Decarbonisation, Renewables & Cyber Crime

Apr 03 2024 - ESG Focus
6
Better Times Ahead for New Hope?

Mar 20 2024 - Australia
7
Organic And Inorganic Opportunities For Coronado

Jul 24 2023 - Australia
8
Capacity Increase Ahead for New Hope

Mar 23 2023 - Australia
9
Stanmore Versus Coronado: Higher Margins Rule

Mar 22 2023 - Commodities
10
Whitehaven Coal: Opportunity Presents

Feb 14 2023 - Technicals