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New Hope Corporation Limited
(Sydney:NHC)
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Rating:59Neutral
Price Target:
AU$6.00
▲(0.84% Upside)
Action:Reiterated
Date:08/06/26
The score is mainly supported by solid financial stability and strong operating margins, but it is held back by declining revenue and materially weaker free cash flow growth. Bearish technicals (below key moving averages and negative MACD) further pressure the rating, while valuation is only moderately supported by the dividend given the relatively high P/E.
Positive Factors
Strong Operating Margins
High EBIT and EBITDA margins indicate strong operating efficiency and provide a substantial buffer against cost pressure. If maintained, this profitability supports internal investment, debt servicing and resilience through normal industry cycles.
Negative Factors
Declining Revenue
The contraction in revenue signals weaker demand, pricing or volume conditions and reduces operating leverage. Unless reversed, sustained top-line pressure can erode profitability, constrain reinvestment and weaken the company’s medium-term growth outlook.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Operating Margins
High EBIT and EBITDA margins indicate strong operating efficiency and provide a substantial buffer against cost pressure. If maintained, this profitability supports internal investment, debt servicing and resilience through normal industry cycles.
Read all positive factors
New Hope Corporation Limited (NHC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$5.44B
Dividend Yield3.12%
Average Volume (3M)2.40M
Price to Earnings (P/E)35.0
Beta (1Y)-0.03
Revenue Growth-20.55%
EPS Growth-72.75%
CountryAU
Employees1,575
SectorEnergy
Sector Strength52
IndustryCoal
Share Statistics
EPS (TTM)0.18
Shares Outstanding843,773,100
10 Day Avg. Volume2,173,658
30 Day Avg. Volume2,400,828
Financial Highlights & Ratios
PEG Ratio-1.13
Price to Book (P/B)1.34
Price to Sales (P/S)2.02
P/FCF Ratio13.59
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$5.49Price Target Upside-7.73% Downside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)0.4
Revenue Forecast (FY)AU$2.05B
New Hope Corporation Limited Business Overview & Revenue Model
Company Description
New Hope Corporation Limited engages in the development and operation of coal mines. It operates through three segments: Coal Mining in Queensland, Coal Mining in New South Wales, and Other. The company holds interests in the New Acland mine, an o...
How the Company Makes Money
NHC makes money primarily by selling products and services across multiple agribusiness stages: (1) Animal nutrition/feed: revenue is generated from manufacturing and selling compound animal feed and related nutrition products to external customer...
New Hope Corporation Limited Earnings Call Summary
Earnings Call Date:Sep 15, 2026
(Q4-2026)
| Next Earnings Date:Sep 15, 2026
Earnings Call Sentiment Positive
The call was strongly constructive, with record-level cash generation, higher EBITDA, FY2026 production above guidance, strong Bengalla performance, and continued progress at New Acland. These positives were tempered by the increase in high-potential safety events, rail disruptions affecting New Acland sales, quarterly Bengalla cost volatility, ongoing inflationary impacts, and pending worker contract negotiations.Positive Updates
Strong Fourth-Quarter EBITDA Growth
Underlying EBITDA was $169 million in the quarter, up 30% from the previous quarter. The uplift was driven by improvements in realized pricing, including favorable movements in benchmark indices and foreign exchange.
Negative Updates
High-Potential Event Frequency Increased
Although the total recordable injury frequency rate decreased to 3.89, down 12% from the previous quarter, high-potential event frequency increased unfavorably from 1.21 to 4.65. Management also referenced two recent fatalities across the east coast mining industry.
Read all updates
Q4-2026 Updates
Positive
Negative
Strong Fourth-Quarter EBITDA Growth
Underlying EBITDA was $169 million in the quarter, up 30% from the previous quarter. The uplift was driven by improvements in realized pricing, including favorable movements in benchmark indices and foreign exchange.
Read all positive updates
Company Guidance
Management said New Acland is ramping toward its 5 million tonnes per annum target, with access to the Manning Vale West pit scheduled for the second half of the calendar year 2026, first coal beginning of next calendar year and, subsequently, “first quarter calendar year next year”; around $130 million is required to complete the pit, and the target probably hasn’t changed, although the operation is “probably a little bit ahead of schedule.” Bengalla’s strip ratio is expected to remain “in the 4s on average for Bengalla for the life of the mine,” while Acland’s strip ratio is “probably a fair estimate” in “the range of 4.” Bengalla’s FY2026 FOB cash cost was $81.30 per sales tonne, “right at the lower end” of the guidance range of between $81 to $89 per sales tonne.New Hope Corporation Limited Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
75
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.59B | 1.75B | 1.77B | 2.70B | 2.54B | 1.04B |
| Gross Profit | 588.97M | 801.96M | 859.09M | 1.74B | 1.55B | 375.48M |
| EBITDA | 564.87M | 820.73M | 873.83M | 1.70B | 1.57B | 286.75M |
| Net Income | 153.36M | 439.37M | 475.86M | 1.09B | 983.01M | 79.35M |
Balance Sheet | ||||||
| Total Assets | 3.49B | 3.54B | 3.47B | 3.24B | 3.43B | 2.78B |
| Cash, Cash Equivalents and Short-Term Investments | 616.78M | 707.28M | 824.52M | 730.65M | 815.71M | 424.66M |
| Total Debt | 382.58M | 372.85M | 372.87M | 84.92M | 288.52M | 597.90M |
| Total Liabilities | 894.41M | 911.04M | 925.42M | 721.90M | 1.11B | 1.03B |
| Stockholders Equity | 2.60B | 2.63B | 2.54B | 2.52B | 2.32B | 1.75B |
Cash Flow | ||||||
| Free Cash Flow | 178.97M | 259.61M | 289.66M | 1.34B | 1.06B | 235.40M |
| Operating Cash Flow | 438.93M | 570.80M | 561.96M | 1.52B | 1.14B | 296.06M |
| Investing Cash Flow | -219.17M | -505.35M | -508.54M | -98.29M | -222.52M | -42.76M |
| Financing Cash Flow | -307.69M | -372.75M | -145.40M | -1.41B | -628.13M | 98.53M |
New Hope Corporation Limited Technical Analysis
Positive
5.95
Price Trends
5.56
Positive
5.54
Positive
5.08
Positive
Market Momentum
0.25
Negative
78.18
Negative
91.32
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NHC, the sentiment is Positive. The current price of 5.95 is below the 20-day moving average (MA) of 5.96, above the 50-day MA of 5.56, and above the 200-day MA of 5.08, indicating a bullish trend. The MACD of 0.25 indicates Negative momentum. The RSI at 78.18 is Negative, neither overbought nor oversold. The STOCH value of 91.32 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:NHC.
New Hope Corporation Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Neutral | AU$2.80B | -48.16 | -2.42% | 3.86% | -6.27% | -1593.02% | |
68 Neutral | AU$8.57B | 28.44 | 3.26% | 3.06% | -1.15% | -69.35% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | AU$7.30B | 18.59 | 6.64% | 1.13% | -7.39% | -39.72% | |
59 Neutral | AU$5.44B | 35.03 | 5.87% | 3.12% | -20.55% | -72.75% | |
47 Neutral | AU$145.80M | -2.09 | -37.07% | 4.83% | -21.07% | 26.64% | |
47 Neutral | AU$419.11M | -0.44 | -135.56% | 2.97% | -7.35% | -115.78% |
* Energy Sector Average
AU:NHC
New Hope Corporation Limited
6.41
2.31
56.46%
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Whitehaven Coal Limited
8.84
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46.70%
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6.28
1.16
22.75%
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3.03
1.38
83.97%
AU:TER
TerraCom Limited
0.08
0.02
28.33%
AU:CRN
Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh
0.25
-0.07
-21.88%
New Hope Corporation Limited Corporate Events
New Hope Converts Unquoted Securities Into 139,394 New Ordinary Shares
Aug 21, 2026
New Hope Corporation Limited has announced the issue of 139,394 ordinary fully paid shares following the conversion or exercise of previously unquoted equity securities. The new shares, which relate to unquoted options or other convertible instrum...
New Hope Posts Strong Coal Earnings and Volumes as Safety Focus Intensifies
Aug 16, 2026
New Hope Corporation Limited reported a strong operational year, with run-of-mine coal output rising to 16.9 million tonnes and saleable production of 11.5 million tonnes, both above guidance. Coal sales reached 11.8 million tonnes, up 11.8 per ce...
New Hope schedules investor webcast for July-quarter 2026 results
Aug 9, 2026
New Hope Corporation Limited will release its Quarterly Activities Report for the quarter ending 31 July 2026 on 17 August 2026, providing investors with an update on its operational and financial performance. The company continues its practice of...
New Hope flags lapse of 47,704 performance rights after vesting conditions unmet
Aug 6, 2026
New Hope Corporation Limited has announced a change to its issued capital structure, notifying the market that a tranche of performance rights has ceased. The update reflects the company’s ongoing management of equity-based incentives and hi...
New Hope Corporation Expands Equity Base With Conversion of Unquoted Securities
Aug 6, 2026
New Hope Corporation Limited has notified the ASX of the conversion of unquoted options or other convertible securities into 54,745 ordinary fully paid shares. The new shares, issued on 23 September 2022, represent an increase in the company’...
JPMorgan Ceases to Be Substantial Holder in New Hope Corporation
Jun 18, 2026
JPMorgan Chase Co. and a range of its global affiliates have notified New Hope Corporation that they have ceased to be a substantial holder in the company as of 16 June 2026. The change reflects a series of transactions and securities-lending rel...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.