ASX:WHCOil and Gas
Whitehaven Coal (ASX:WHC) Shares Reflect Revenue Resilience And Margin Compression
Whitehaven Coal went into these results with the stock under pressure, down over the past week, month and quarter, yet trading on a trailing P/E of 16.1x that sits close to the wider Oceanic Oil and Gas group. The market clearly had doubts about how much profit the company can squeeze from its coal volumes.
Today’s headline is profit quality. Full year revenue reached A$5.6b, yet trailing net profit margin sits at 6.9% compared with 11.1% a year earlier. That squeeze on profitability, not...

