Added to YB: 2024-12-18
Pitch date: 2024-12-16
CEIX [neutral]
Core Natural Resources, Inc.
-25.54%
current return
Author Info
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Company Info
Core Natural Resources, Inc., together with its subsidiaries, produces, sells, and exports metallurgical and thermal coals in the United States and internationally.
Market Cap
$4.0B
Pitch Price
$114.14
Price Target
277.00 (+226%)
Dividend
0.53%
EV/EBITDA
8.10
P/E
22.89
EV/Sales
1.49
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
New King Coal - CONSOL Energy Inc.
CEIX/ARCH merger: Leading US coal exporter at 3.9x EBITDA, 17%+ FCFE yield. Strong export demand, higher int'l prices. Base case: $214/share (+84%), 22.5% IRR. Upside w/ buyback: $277 (+138%), 33.5% IRR. Risks: ESG constraints, price volatility, China slowdown. Catalysts: earnings growth, re-rating, higher coal prices, capital returns.
Read full article (20 min)