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Stanmore Resources Ltd
(Sydney:SMR)
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Rating:70Neutral
Price Target:
AU$3.50
â–²(31.58% Upside)
Action:Reiterated
Date:08/24/26
The score is driven primarily by solid cash generation and a generally manageable balance sheet, offset by the sharp swing to losses and higher earnings volatility. Technicals are constructive with price above major averages and positive momentum, though indicators are getting stretched. Valuation is mixed: the dividend yield helps, but a negative P/E reflects current profitability weakness. The earnings call reinforced guidance and highlighted improved financing flexibility, but emphasized macro cost headwinds and second-half execution risk.
Positive Factors
Strong cash generation
Robust operating and free cash flow gives Stanmore internal funding capacity for mine investment, project development and shareholder returns. This cash generation provides resilience through commodity cycles, although its durability remains linked to operating performance and coal pricing.
Negative Factors
Profitability deterioration
The move from solid prior-year profits to negative EBIT and net income shows that earnings are currently vulnerable to price and cost pressures. Persistent profitability weakness could reduce capital flexibility and make cash generation less dependable across the cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Robust operating and free cash flow gives Stanmore internal funding capacity for mine investment, project development and shareholder returns. This cash generation provides resilience through commodity cycles, although its durability remains linked to operating performance and coal pricing.
Read all positive factors
Stanmore Resources Ltd (SMR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.80B
Dividend Yield3.86%
Average Volume (3M)1.46M
Price to Earnings (P/E)―
Beta (1Y)0.77
Revenue Growth-6.27%
EPS Growth-1593.02%
CountryAU
Employees414
SectorBasic Materials
Sector Strength58
IndustryCoal
Share Statistics
EPS (TTM)-0.04
Shares Outstanding901,381,700
10 Day Avg. Volume2,045,315
30 Day Avg. Volume1,458,782
Financial Highlights & Ratios
PEG Ratio0.34
Price to Book (P/B)1.21
Price to Sales (P/S)1.07
P/FCF Ratio6.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$3.35Price Target Upside25.94% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)<0.01
Revenue Forecast (FY)AU$2.11B
Stanmore Resources Ltd Business Overview & Revenue Model
Company Description
Stanmore Resources Limited, based in Brisbane, Australia, is actively engaged in the full spectrum of metallurgical coal operations across Australia, from exploration and development to production and sales. The company's portfolio includes variou...
How the Company Makes Money
Stanmore Resources makes money primarily by producing and selling metallurgical coal. Revenue is generated when coal is extracted from its mines, processed to meet customer specifications (including via coal preparation/washing where applicable), ...
Stanmore Resources Ltd Earnings Call Summary
Earnings Call Date:Aug 23, 2026
(Q2-2026)
| Next Earnings Date:Mar 01, 2027
Earnings Call Sentiment Neutral
The call balanced solid operational recovery, disciplined cost outcomes and meaningful strategic progress (EBITDA growth, safety, refinancing, project milestones) against significant macroeconomic headwinds (FX, fuel, inflation), early‑year weather disruption and near‑term execution/approval risks. Management reaffirmed full‑year guidance and emphasised capital discipline and flexibility while progressing organic growth projects.Positive Updates
Stable Sales Volumes
Salable production of 6.5 million tonnes in H1 2026, in line with H1 2025 (0% change), with strong recovery in run-of-mine volumes in Q2 after weather‑affected Q1 and inventories positioning the business for a second‑half weighted profile.
Negative Updates
Weather Disruption Early in Year
Considerable wet weather in Q1 materially impacted operations and produced a second‑half weighted production profile, requiring recovery in Q2 and contributing to operational planning complexity.
Read all updates
Q2-2026 Updates
Positive
Negative
Stable Sales Volumes
Salable production of 6.5 million tonnes in H1 2026, in line with H1 2025 (0% change), with strong recovery in run-of-mine volumes in Q2 after weather‑affected Q1 and inventories positioning the business for a second‑half weighted profile.
Read all positive updates
Company Guidance
Management reaffirmed full‑year guidance with salable production of 12.8–13.4 Mt (H1 6.5 Mt, tracking to the top end) and a second‑half weighted profile; FOB cash costs around USD 101/t (H1 USD 101.2/t, at the midpoint of guidance); capex H1 USD 39m with full‑year guidance of USD 85–95m (second‑half weighted) as Chase the Blue activity ramps; underlying EBITDA of USD 174m (up from USD 147m) driven by ~USD 112m from higher pricing, offset by ~USD 110m of FX/inflation/fuel headwinds and aided by ~USD 25m of operational improvements; the balance sheet moved from opening net debt USD 33m to pro‑forma net cash USD 49m before USD 120m of reinvestment and returns, and closed the half with net debt USD 72m; refinancing upsized the drawn term loan to USD 250m, removed scheduled USD 70m p.a. amortisation, extended the USD 200m revolver and the USD 70m GEAR facility and lowered facility pricing by 100bps; no interim dividend was declared and management will continue to monitor fuel and FX.Stanmore Resources Ltd Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
72
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.00B | 1.95B | 2.40B | 2.80B | 2.70B | 277.60M |
| Gross Profit | 1.08B | 1.05B | 2.00B | 2.44B | 2.22B | 51.04M |
| EBITDA | 407.61M | 411.57M | 699.70M | 1.06B | 1.12B | 50.72M |
| Net Income | -40.21M | -48.85M | 191.50M | 472.40M | 666.80M | 7.55M |
Balance Sheet | ||||||
| Total Assets | 3.31B | 3.10B | 3.20B | 3.61B | 3.32B | 322.70M |
| Cash, Cash Equivalents and Short-Term Investments | 138.34M | 211.64M | 288.90M | 446.30M | 432.40M | 62.76M |
| Total Debt | 776.16M | 729.49M | 672.30M | 775.70M | 864.20M | 104.19M |
| Total Liabilities | 1.72B | 1.37B | 1.37B | 1.85B | 1.98B | 300.12M |
| Stockholders Equity | 1.60B | 1.72B | 1.83B | 1.75B | 1.33B | 162.30M |
Cash Flow | ||||||
| Free Cash Flow | 315.84M | 305.91M | 222.00M | 543.60M | 1.06B | 65.95M |
| Operating Cash Flow | 403.26M | 394.08M | 407.70M | 736.90M | 1.18B | 127.50M |
| Investing Cash Flow | -87.70M | -114.87M | -249.80M | -258.60M | -1.43B | -97.13M |
| Financing Cash Flow | -351.44M | -358.17M | -314.90M | -462.90M | 640.40M | 27.45M |
Stanmore Resources Ltd Technical Analysis
Positive
2.66
Price Trends
2.62
Positive
2.55
Positive
2.55
Positive
Market Momentum
0.14
Negative
65.10
Neutral
77.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SMR, the sentiment is Positive. The current price of 2.66 is below the 20-day moving average (MA) of 2.79, above the 50-day MA of 2.62, and above the 200-day MA of 2.55, indicating a bullish trend. The MACD of 0.14 indicates Negative momentum. The RSI at 65.10 is Neutral, neither overbought nor oversold. The STOCH value of 77.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:SMR.
Stanmore Resources Ltd Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
63 Neutral | AU$7.30B | 18.59 | 6.64% | 1.13% | -7.39% | -39.72% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | AU$5.44B | 35.03 | 5.87% | 3.12% | -20.55% | -72.75% | |
47 Neutral | AU$419.11M | -0.44 | -135.56% | 2.97% | -7.35% | -115.78% |
* Basic Materials Sector Average
AU:SMR
Stanmore Resources Ltd
3.03
1.40
85.55%
AU:NHC
New Hope Corporation Limited
6.41
2.29
55.73%
AU:WHC
Whitehaven Coal Limited
8.84
2.79
46.21%
AU:YAL
Yancoal Australia
6.28
1.18
23.23%
AU:CRN
Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh
0.25
-0.08
-24.24%
Stanmore Resources Ltd Corporate Events
Stanmore Reaffirms JORC-Compliant Coal Reserves in Half-Year 2026 Results
Aug 23, 2026
Stanmore Resources released its half-year financial results for the six months ended 30 June 2026, accompanied by detailed disclosures on its ore reserves and mineral resources. The company reaffirmed that its reported coal reserves and resources ...
Stanmore Resources lifts earnings, strengthens balance sheet with refinancing
Aug 23, 2026
Stanmore Resources reported a solid first-half 2026 performance, with run-of-mine coal output of 9.1 million tonnes and saleable production of 6.5 million tonnes, broadly flat year-on-year despite heavy rainfall and a lower planned full-year profi...
Stanmore Resources Narrows Loss as Revenue Climbs but Asset Base Softens
Aug 23, 2026
Stanmore Resources reported a 13% rise in revenue to US$978.0 million for the six months to 30 June 2026, while narrowing its net loss to US$44.2 million from US$50.5 million a year earlier. The improvement was driven by higher realised sales pric...
Stanmore Resources Schedules Investor Call on 2026 Half-Year Results
Aug 17, 2026
Stanmore Resources will host an investor call on August 24, 2026, to present its half-year financial results to shareholders and analysts, with the session led by Chief Executive Officer Marcelo Matos and Chief Financial Officer Shane Young. The b...
Stanmore Resources Rebounds on Production Surge and Cheaper Debt
Jul 26, 2026
Stanmore Resources reported a sharp operational rebound in the June quarter, lifting run-of-mine coal output by 27% and increasing saleable production to 3.3Mt as wet-weather disruptions eased. ROM stockpiles climbed 67% to 1.2Mt, helping derisk s...
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.