WHITEHAVEN COAL LIMITED (WHC)
Share Price Analysis and Chart

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WHC - WHITEHAVEN COAL LIMITED

FNArena Sector : Coal
Year End: June
GICS Industry Group : Energy
Debt/EBITDA: 1.35
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

$5.64

10 Sep
2024

-0.090

OPEN

$5.77

-1.57%

HIGH

$5.79

9,685,359

LOW

$5.53

TARGET
$9.017 59.9% 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 FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 44.5 69.2 xxx
DPS (cps) xxx 20.0 26.1 xxx
EPS Growth xxx - 85.5% 55.6% xxx
DPS Growth xxx - 73.0% 30.4% xxx
PE Ratio xxx N/A 8.0 xxx
Dividend Yield xxx N/A 4.7% xxx
Div Pay Ratio(%) xxx 45.0% 37.7% xxx

Dividend yield today if purchased 3 years ago: 6.62%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.63

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: 04/09 - ex-div 13c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx44.5
DPS All xxxxxxxxxxxxxxx20.0
Sales/Revenue xxxxxxxxxxxxxxx3,824.0 M
Book Value Per Share xxxxxxxxxxxxxxx631.7
Net Operating Cash Flow xxxxxxxxxxxxxxx252.0 M
Net Profit Margin xxxxxxxxxxxxxxx9.28 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx6.74 %
Return on Invested Capital xxxxxxxxxxxxxxx5.73 %
Return on Assets xxxxxxxxxxxxxxx3.39 %
Return on Equity xxxxxxxxxxxxxxx6.74 %
Return on Total Capital xxxxxxxxxxxxxxx16.00 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-560.0 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx147 M
Long Term Debt xxxxxxxxxxxxxxx1,744 M
Total Debt xxxxxxxxxxxxxxx1,891 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx405 M
Price To Book Value xxxxxxxxxxxxxxx1.21

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx454.0 M
Capex % of Sales xxxxxxxxxxxxxxx11.87 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,916 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx899 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx70 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

0.7

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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

23/08/2024

3

Neutral

$8.30

47.16%

FY24 earnings from Whitehaven Coal were ahead of Citi's estimates. The final dividend also beat forecasts. Another positive was the sell down of -30% of South Blackwater.

Guided costs for FY25 are higher than expected at $140-155/t. Incorporating guidance and the sell down of Blackwater means the broker's estimates for EBITDA in FY25 and FY26 are reduced by -17% and -11%, respectively.

Target is reduced to $8.30 from $8.90 and a Neutral rating is maintained.

FORECAST
Citi forecasts a full year FY25 dividend of 15.00 cents and EPS of 71.90 cents.
Citi forecasts a full year FY26 dividend of 10.00 cents and EPS of 51.20 cents.

UBS

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$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

28/08/2024

3

Neutral

$6.80

20.57%

Whitehaven Coal reported net profit for FY24 above expectations because of exclusion of -$601m including -$434m of acquisition costs.

Underlying EBITDA was well below the broker's forecasts. NSW mines performed slightly better and Qld mines considerably stronger than expected. A final 13c dividend was well above the 5c estimate.

FY25 guidance came in lower than anticipated, with softer NSW volumes from Narrabri and Maules Creek. Unit costs are expected to rise well above forecasts.

Goldman Sachs revises EPS forecasts by -41% in FY25 and -57% in FY26 for higher costs, lower volumes, increased depreciation/amortisation, and net interest charges,

The target price falls -13% to $6.80. Neutral rating unchanged.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 15.00 cents and EPS of 63.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 7.00 cents and EPS of 29.00 cents.
Access Extra Coverage Research History >

WHC STOCK CHART

FNArena News on WHC

1
Rudi’s View: August Results Fail To Inspire

Sep 05 2024 - Rudi's View
2
Next Week At A Glance – 2-6 Sept 2024

Aug 30 2024 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Aug 28, 2024

Aug 28 2024 - Daily Market Reports
4
FNArena Corporate Results Monitor – 23-08-2024

Aug 23 2024 - Australia
5
Next Week At A Glance – 19-23 Aug 2024

Aug 16 2024 - Weekly Reports

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