WHITEHAVEN COAL LIMITED (WHC)
Share Price Analysis and Chart

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WHC

WHC - WHITEHAVEN COAL LIMITED

FNArena Sector : Coal
Year End: June
GICS Industry Group : Energy
Debt/EBITDA: 1.51
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Whitehaven Coal is an Australian coal miner with four mines in the Gunnedah region of New South Wales. Three are open cut, with the other underground. The company was listed on the ASX in 2007.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$7.75

26 Feb
2026

-0.090

OPEN

$7.80

-1.15%

HIGH

$7.91

5,216,587

LOW

$7.72

TARGET
$8.45 9.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
WHC: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 81.1 27.5 xxx
DPS (cps) xxx 15.0 12.0 xxx
EPS Growth xxx 82.3% - 66.0% xxx
DPS Growth xxx - 25.0% - 20.1% xxx
PE Ratio xxx N/A 28.3 xxx
Dividend Yield xxx N/A 1.5% xxx
Div Pay Ratio(%) xxx 18.5% 43.5% xxx

Dividend yield today if purchased 3 years ago: 2.07%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.92

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: 03/09 - ex-div 6.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx81.1
DPS All xxxxxxxxxxxxxxx15.0
Sales/Revenue xxxxxxxxxxxxxxx5,832.0 M
Book Value Per Share xxxxxxxxxxxxxxx685.3
Net Operating Cash Flow xxxxxxxxxxxxxxx1,105.0 M
Net Profit Margin xxxxxxxxxxxxxxx11.13 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx11.83 %
Return on Invested Capital xxxxxxxxxxxxxxx8.90 %
Return on Assets xxxxxxxxxxxxxxx5.08 %
Return on Equity xxxxxxxxxxxxxxx11.83 %
Return on Total Capital xxxxxxxxxxxxxxx9.44 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx555.0 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx159 M
Long Term Debt xxxxxxxxxxxxxxx1,874 M
Total Debt xxxxxxxxxxxxxxx2,033 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,206 M
Price To Book Value xxxxxxxxxxxxxxx0.79

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx393.0 M
Capex % of Sales xxxxxxxxxxxxxxx6.74 %
Cost of Goods Sold xxxxxxxxxxxxxxx4,440 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx689 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx84 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
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Sentiment Indicator

0.0

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

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Bell Potter

20/02/2026

3

Upgrade to Hold from Sell

$8.10

4.52%

Bell Potter upgrades Whitehaven Coal to Hold from Sell as the producer is considered well positioned to capitalise on improving coal market conditions --when they arise-- with a slightly lower target of $8.10 from $8.40.

The coal producer announced 1H26 underlying EBITDA of $446m, above the analyst's forecast, while underlying net loss was -$19m and statutory net profit of $69m included $88m of non-recurring items linked to the Queensland acquisitions and Blackwater selldown.

A fully franked interim dividend of 4.0cps was declared, with an equal $32m allocated to the buyback, while period-end cash was $1.1bn and net debt including leases was $0.9bn.

Management revised its five-year average FOB unit cost outlook for Blackwater and Daunia to around $140-145/t, up $20-25/t, citing inflation and operational impacts, with some offset expected from productivity initiatives.

The refinancing of the US$1.1bn acquisition finance facility is viewed as a positive, with management aiming to reduce the current circa 10.5% interest rate toward 6-7% after the non-call ends in March 2026.

Bell Potter's EPS forecasts are trimmed by -1%, -2% and -3% across FY26-28.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 5.90 cents and EPS of 31.00 cents.
Bell Potter forecasts a full year FY27 dividend of 5.20 cents and EPS of 53.80 cents.

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Access Stockbroker Research History >
EXTRA COVERAGE
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No. Of Recommendations

0

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
Access Extra Coverage Research History >

WHC STOCK CHART

FNArena News on WHC

1
Weekly Ratings, Targets, Forecast Changes – 20-02-26

Feb 23 2026 - Weekly Reports
2
FNArena Corporate Results Monitor – 20-02-2026

Feb 20 2026 - Australia
3
Weekly Ratings, Targets, Forecast Changes – 30-01-26

Feb 02 2026 - Weekly Reports
4
Weekly Ratings, Targets, Forecast Changes – 23-01-26

Jan 27 2026 - Weekly Reports
5
Weekly Ratings, Targets, Forecast Changes – 12-12-25

Dec 15 2025 - Weekly Reports

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