Added to YB: 2024-05-28
Pitch date: 2024-05-28
WHC.AX [bullish]
Whitehaven Coal Limited
+1.45%
current return
Author Info
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Company Info
Whitehaven Coal Limited develops and operates coal mines in New South Wales and Queensland. The company produces metallurgical and thermal coal.
Market Cap
AUD 5.3B
Pitch Price
AUD 7.62
Price Target
23.46 (+203%)
Dividend
3.44%
EV/EBITDA
2.66
P/E
29.88
EV/Sales
1.15
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Strategic Growth: Whitehaven Coal's Acquisition and Return Prospects
WHC.AX: Expects A$1.1-1.4B FY24 EBITDA, 25-50% to be returned to shareholders. Acquiring profitable mines for A$3.3B upfront + A$2.2B over 3yrs, adding A$3B EBITDA at current prices. By FY27, could return US$2.7B (~EV) to shareholders annually. Demand for met coal stable from steel industry. 30%+ annual return base case, 200% by 2027 possible.
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