Added to YB: 2025-08-21
Pitch date: 2025-08-20
TGA.L [bullish]
Thungela Resources Limited
+16.08%
current return
Author Info
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Company Info
Thungela Resources Limited engages in the mining and production of thermal coal in South Africa and Australia.
Market Cap
ZAR 11.0B
Pitch Price
ZAR 86.91
Price Target
7.96 (-92%)
Dividend
15.32%
EV/EBITDA
0.85
P/E
4.42
EV/Sales
0.12
Sector
Oil, Gas and Consumable Fuels
Category
value
Thungela Rain on my Parade
TGA.L: SA coal miner at 54% discount to NAV (£3.61 vs £7.96). Net cash £2.61/share + £1.10 coal inventory + £4.12 fixed assets. 1H25 weak (EPS 8p vs 40p in 2024) but 2H25 improving with higher coal prices (+14% post-June). Low-cost producer (£63/t vs £80.51 spot) with 7yr reserves, 38yr resources. P/E 4x. Methane project potential upside.
Read full article (6 min)