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New Hope

ASX:NHC
Snowflake Description

Established dividend payer with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NHC
ASX
A$2B
Market Cap
  1. Home
  2. AU
  3. Energy
Company description

New Hope Corporation Limited explores, develops, produces, and processes coal, and oil and gas properties. The last earnings update was 31 days ago. More info.


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  • New Hope has significant price volatility in the past 3 months.
NHC Share Price and Events
7 Day Returns
0%
ASX:NHC
0.2%
AU Oil and Gas
0.3%
AU Market
1 Year Returns
30%
ASX:NHC
3.4%
AU Oil and Gas
5.2%
AU Market
NHC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
New Hope (NHC) 0% -28.8% -26.5% 30% 96.5% -8.3%
AU Oil and Gas 0.2% -3.5% 5.1% 3.4% 35% -32.6%
AU Market 0.3% 1% 7.2% 5.2% 19.2% 4.9%
1 Year Return vs Industry and Market
  • NHC outperformed the Oil and Gas industry which returned 3.4% over the past year.
  • NHC outperformed the Market in Australia which returned 5.2% over the past year.
Price Volatility
NHC
Industry
5yr Volatility vs Market

Value

 Is New Hope undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of New Hope to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for New Hope.

ASX:NHC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.3%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:NHC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.952 (1 + (1- 30%) (9.06%))
1.008
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.008 * 5.96%)
8.32%

Discounted Cash Flow Calculation for ASX:NHC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for New Hope is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:NHC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.32%)
2019 -619.00 Analyst x1 -571.45
2020 270.00 Analyst x2 230.11
2021 233.09 Est @ -13.67% 183.39
2022 212.40 Est @ -8.88% 154.28
2023 200.68 Est @ -5.52% 134.56
2024 194.31 Est @ -3.17% 120.29
2025 191.35 Est @ -1.53% 109.36
2026 190.63 Est @ -0.37% 100.58
2027 191.46 Est @ 0.43% 93.25
2028 193.36 Est @ 1% 86.95
Present value of next 10 years cash flows A$641.32
ASX:NHC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$193.36 × (1 + 2.31%) ÷ (8.32% – 2.31%)
A$3,292.31
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$3,292.31 ÷ (1 + 8.32%)10
A$1,480.39
ASX:NHC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$641.32 + A$1,480.39
A$2,121.71
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$2,121.71 / 831.27
A$2.55
ASX:NHC Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$2.55
Current discount Discount to share price of A$2.77
= -1 x (A$2.77 - A$2.55) / A$2.55
-8.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of New Hope is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for New Hope's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are New Hope's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:NHC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in AUD A$0.18
ASX:NHC Share Price ** ASX (2019-04-18) in AUD A$2.77
Australia Oil and Gas Industry PE Ratio Median Figure of 23 Publicly-Listed Oil and Gas Companies 7.88x
Australia Market PE Ratio Median Figure of 544 Publicly-Listed Companies 16.05x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of New Hope.

ASX:NHC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:NHC Share Price ÷ EPS (both in AUD)

= 2.77 ÷ 0.18

15.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • New Hope is overvalued based on earnings compared to the AU Oil and Gas industry average.
  • New Hope is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does New Hope's expected growth come at a high price?
Raw Data
ASX:NHC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
-10%per year
Australia Oil and Gas Industry PEG Ratio Median Figure of 17 Publicly-Listed Oil and Gas Companies 0.25x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

ASX:NHC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.46x ÷ -10%

-1.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • New Hope earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on New Hope's assets?
Raw Data
ASX:NHC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in AUD A$2.35
ASX:NHC Share Price * ASX (2019-04-18) in AUD A$2.77
Australia Oil and Gas Industry PB Ratio Median Figure of 144 Publicly-Listed Oil and Gas Companies 1.31x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.69x
ASX:NHC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:NHC Share Price ÷ Book Value per Share (both in AUD)

= 2.77 ÷ 2.35

1.18x

* Primary Listing of New Hope.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • New Hope is good value based on assets compared to the AU Oil and Gas industry average.
X
Value checks
We assess New Hope's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. New Hope has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is New Hope expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-10%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is New Hope expected to grow at an attractive rate?
  • New Hope's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.
Growth vs Market Checks
  • New Hope's earnings are expected to decrease over the next 1-3 years, this is below the Australia market average.
  • New Hope's revenues are expected to decrease over the next 1-3 years, this is below the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:NHC Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:NHC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts -10%
ASX:NHC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -15.1%
Australia Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 4.6%
Australia Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.6%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:NHC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:NHC Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-07-31 197
2022-07-31 203
2021-07-31 910 317 201 3
2020-07-31 1,275 415 286 4
2019-07-31 1,390 435 315 4
ASX:NHC Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-01-31 1,186 394 149
2018-10-31 1,132 406 149
2018-07-31 1,079 418 149
2018-04-30 1,029 395 173
2018-01-31 979 372 193
2017-10-31 911 328 167
2017-07-31 844 285 141
2017-04-30 760 189 76
2017-01-31 677 93 12
2016-10-31 604 50 -21
2016-07-31 531 7 -54
2016-04-30 499 32 -25

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • New Hope's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • New Hope's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:NHC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from New Hope Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:NHC Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-07-31 0.24 0.24 0.24 1.00
2022-07-31 0.24 0.24 0.24 1.00
2021-07-31 0.24 0.25 0.24 2.00
2020-07-31 0.34 0.40 0.31 4.00
2019-07-31 0.39 0.45 0.32 4.00
ASX:NHC Past Financials Data
Date (Data in AUD Millions) EPS *
2019-01-31 0.18
2018-10-31 0.18
2018-07-31 0.18
2018-04-30 0.21
2018-01-31 0.23
2017-10-31 0.20
2017-07-31 0.17
2017-04-30 0.09
2017-01-31 0.02
2016-10-31 -0.03
2016-07-31 -0.06
2016-04-30 -0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • New Hope is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess New Hope's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
New Hope has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has New Hope performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare New Hope's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • New Hope has delivered over 20% year on year earnings growth in the past 5 years.
  • New Hope's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • New Hope's 1-year earnings growth is negative, it can't be compared to the AU Oil and Gas industry average.
Earnings and Revenue History
New Hope's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from New Hope Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:NHC Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 1,185.97 149.19 184.44
2018-10-31 1,132.27 149.35 185.26
2018-07-31 1,078.57 149.50 186.09
2018-04-30 1,028.62 173.38 181.76
2018-01-31 978.75 192.56 184.08
2017-10-31 911.41 166.59 181.26
2017-07-31 844.08 140.62 178.44
2017-04-30 760.35 76.29 172.94
2017-01-31 676.63 11.96 167.45
2016-10-31 604.04 -20.86 162.94
2016-07-31 531.46 -53.68 158.43
2016-04-30 498.81 -24.82 148.56
2016-01-31 466.15 4.04 138.68
2015-10-31 486.54 -8.89 142.55
2015-07-31 506.93 -21.82 146.42
2015-04-30 520.61 -4.59 148.44
2015-01-31 534.28 12.65 150.45
2014-10-31 541.62 35.55 148.73
2014-07-31 548.96 58.45 147.01
2014-04-30 583.59 43.22 150.90
2014-01-31 618.23 28.00 154.79
2013-10-31 637.22 51.06 155.17
2013-07-31 656.21 74.13 155.54
2013-04-30 679.09 104.49 157.94
2013-01-31 701.97 134.86 160.34
2012-10-31 734.75 150.99 163.69
2012-07-31 767.53 167.13 167.03
2012-04-30 769.95 182.02 161.23

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • New Hope has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • New Hope used its assets less efficiently than the AU Oil and Gas industry average last year based on Return on Assets.
  • New Hope has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess New Hope's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
New Hope has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is New Hope's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up New Hope's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • New Hope is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • New Hope's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of New Hope's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from New Hope Company Filings, last reported 2 months ago.

ASX:NHC Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 1,953.17 210.92 106.51
2018-10-31 1,953.17 210.92 106.51
2018-07-31 1,888.40 10.23 479.98
2018-04-30 1,888.40 10.23 479.98
2018-01-31 1,908.91 11.42 353.08
2017-10-31 1,908.91 11.42 353.08
2017-07-31 1,853.43 12.59 236.89
2017-04-30 1,853.43 12.59 236.89
2017-01-31 1,807.32 13.74 150.52
2016-10-31 1,807.32 13.74 150.52
2016-07-31 1,750.41 14.86 91.28
2016-04-30 1,750.41 14.86 91.28
2016-01-31 1,814.14 0.00 1,018.20
2015-10-31 1,814.14 0.00 1,018.20
2015-07-31 1,852.63 0.00 1,065.27
2015-04-30 1,852.63 0.00 1,065.27
2015-01-31 1,880.95 0.00 1,108.18
2014-10-31 1,880.95 0.00 1,108.18
2014-07-31 1,973.86 0.00 1,151.44
2014-04-30 1,973.86 0.00 1,151.44
2014-01-31 1,969.30 0.00 1,138.54
2013-10-31 1,969.30 0.00 1,138.54
2013-07-31 2,016.46 0.00 1,251.17
2013-04-30 2,016.46 0.00 1,251.17
2013-01-31 2,106.41 0.00 1,288.92
2012-10-31 2,106.41 0.00 1,288.92
2012-07-31 2,252.92 0.00 1,517.97
2012-04-30 2,252.92 0.00 1,517.97
  • New Hope's level of debt (10.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 10.8% today).
  • Debt is well covered by operating cash flow (186.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 121.8x coverage).
X
Financial health checks
We assess New Hope's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. New Hope has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is New Hope's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.78%
Current annual income from New Hope dividends. Estimated to be 4.96% next year.
If you bought A$2,000 of New Hope shares you are expected to receive A$116 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • New Hope's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.57%).
  • New Hope's dividend is above the markets top 25% of dividend payers in Australia (5.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:NHC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Australia Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 4.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 417 Stocks 4.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:NHC Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-07-31 0.09 1.00
2022-07-31 0.09 1.00
2021-07-31 0.11 2.00
2020-07-31 0.15 5.00
2019-07-31 0.16 4.00
ASX:NHC Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-03-18 0.160 5.292
2018-09-17 0.160 4.329
2018-03-19 0.120 4.410
2017-09-18 0.100 4.554
2016-09-19 0.040 2.400
2016-03-21 0.080 5.429
2015-09-21 0.100 5.842
2015-03-23 0.095 4.792
2014-09-22 0.115 4.718
2013-09-16 0.160 5.008
2012-09-18 0.310 7.688
2012-03-19 0.260 5.984
2011-09-26 0.253 4.384
2011-03-22 0.098 1.922
2010-09-20 0.095 1.935
2009-09-22 0.093 1.963
2009-04-20 0.083 1.760

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of New Hope's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).
X
Income/ dividend checks
We assess New Hope's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can New Hope afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. New Hope has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of New Hope's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Shane Stephan
COMPENSATION A$1,903,719
TENURE AS CEO 5.2 years
CEO Bio

Mr. Shane O. Stephan, BBus (Dist), MBA (AGSM), MAusIMM, MAICD has been the Managing Director at New Hope Corporation Limited, a subsidiary of Washington H. Soul Pattinson and Company Limited since November 20, 2014. Mr. Stephan has more than 25 years of coal mining industry experience including senior line management roles, experience as the District Inspector of Mines in Queensland and as a Member of the Coal Industry Health and Safety Advisory Council in Queensland. He served as the Chief Executive Officer of New Hope Corporation Limited from February 1, 2014 to November 2014. He served as the Chief Financial Officer of New Hope Corporation Limited since joining it in September 2009 until January 31, 2014. He has been Executive Director of New Hope Corporation Limited since November 20, 2014. Previously, he held numerous executive positions with Macarthur Coal Limited from 2001 to 2009. He was also previously employed as an Executive in the Structured and Corporate Finance Divisions of an international investment bank.

CEO Compensation
  • Shane's compensation has been consistent with company performance over the past year.
  • Shane's remuneration is about average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the New Hope management team in years:

3.8
Average Tenure
  • The tenure for the New Hope management team is about average.
Management Team

Shane Stephan

TITLE
MD & Director
COMPENSATION
A$2M
TENURE
5.2 yrs

Matthew Busch

TITLE
Chief Financial Officer
COMPENSATION
A$829K
TENURE
5.2 yrs

Andrew Boyd

TITLE
Chief Operating Officer
COMPENSATION
A$960K
TENURE
3.3 yrs

Janelle Moody

TITLE
Executive General Manager of Legal & Company
TENURE
0.9 yrs

Sam Fisher

TITLE
Executive General Manager of Marketing & External Affairs

Kim Franks

TITLE
Executive General Manager of People
TENURE
4.3 yrs

Ben Armitage

TITLE
Chief Development Officer
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the New Hope board of directors in years:

6.4
Average Tenure
61
Average Age
  • The tenure for the New Hope board of directors is about average.
Board of Directors

Rob Millner

TITLE
Non-Executive Chairman
COMPENSATION
A$317K
AGE
67
TENURE
21.3 yrs

Shane Stephan

TITLE
MD & Director
COMPENSATION
A$2M
TENURE
4.4 yrs

Bill Grant

TITLE
Independent Non-Executive Director
COMPENSATION
A$167K
TENURE
12.9 yrs

Sue Palmer

TITLE
Independent Non-Executive Director
COMPENSATION
A$178K
AGE
61
TENURE
6.4 yrs

Todd Barlow

TITLE
Non-Executive Director
COMPENSATION
A$150K
AGE
39
TENURE
4 yrs

Ian Williams

TITLE
Independent Non-Executive Director
COMPENSATION
A$150K
TENURE
6.4 yrs

Tom Dobson Millner

TITLE
Non-Executive Director
COMPENSATION
A$150K
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by New Hope insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
24. Mar 19 Buy Shane Stephan Individual 21. Mar 19 21. Mar 19 15,000 A$3.22 A$48,300
24. Mar 19 Buy Thomas Dobson Millner Individual 19. Mar 19 20. Mar 19 200,000 A$3.65 A$729,224
22. Mar 19 Buy Robert Millner Individual 19. Mar 19 21. Mar 19 220,000 A$3.61 A$794,124
06. Mar 19 Sell Perpetual Limited Company 18. Feb 19 04. Mar 19 -10,503,806 A$4.24 A$-44,586,331
06. Mar 19 Buy Perpetual Limited Company 22. Feb 19 22. Feb 19 127,390 A$4.10 A$521,742
18. Feb 19 Sell Perpetual Limited Company 07. Feb 19 14. Feb 19 -8,451,349 A$4.12 A$-34,783,262
08. Feb 19 Sell Perpetual Limited Company 29. Jan 19 06. Feb 19 -8,498,642 A$4.04 A$-34,293,678
30. Jan 19 Sell Perpetual Limited Company 14. Jan 19 25. Jan 19 -8,793,281 A$3.72 A$-32,691,933
15. Jan 19 Sell Perpetual Limited Company 13. Dec 18 11. Jan 19 -9,101,853 A$3.57 A$-32,532,310
14. Dec 18 Sell Perpetual Limited Company 24. Oct 18 10. Dec 18 -3,927,081 A$3.24 A$-12,729,720
14. Dec 18 Buy Perpetual Limited Company 09. Oct 18 12. Dec 18 12,591,625 A$3.44 A$43,267,589
10. Oct 18 Sell Perpetual Limited Company 02. Mar 18 08. Oct 18 -17,996,491 A$3.25 A$-58,468,539
10. Oct 18 Buy Perpetual Limited Company 02. Mar 18 11. Sep 18 9,687,547 A$2.52 A$24,408,232
X
Management checks
We assess New Hope's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. New Hope has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

4 Days Left Until New Hope Corporation Limited (ASX:NHC) Trades Ex-Dividend

If you are interested in cashing in on New Hope Corporation Limited's (ASX:NHC) upcoming dividend of AU$0.08 per share, you only have 4 days left to buy the shares before its ex-dividend date, 18 April 2019, in time for dividends payable on the 07 May 2019. … 5 questions I ask before picking a dividend stock? … Has its dividend been stable over the past (i.e. no missed payments or significant payout cuts)?

Simply Wall St -

How Much Are New Hope Corporation Limited (ASX:NHC) Insiders Spending On Buying Shares?

So we'll take a look at whether insiders have been buying or selling shares in New Hope Corporation Limited (ASX:NHC). … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … In the last twelve months, the biggest single purchase by an insider was when Non-Executive Chairman Robert Millner bought AU$794k worth of shares at a price of AU$3.61 per share.

Simply Wall St -

How Financially Strong Is New Hope Corporation Limited (ASX:NHC)?

However, an important fact which most ignore is: how financially healthy is the business? … Evaluating financial health as part of your investment thesis is. … We'll look at some basic checks that can form a snapshot the company’s financial strength.

Simply Wall St -

Should You Like New Hope Corporation Limited’s (ASX:NHC) High Return On Capital Employed?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

How Good Is New Hope Corporation Limited (ASX:NHC), When It Comes To ROE?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows New Hope has a return on equity of 7.9% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Kind Of Shareholders Own New Hope Corporation Limited (ASX:NHC)?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Companies that have been privatized tend to have low insider ownership. … With a market capitalization of AU$3.2b, New Hope is a decent size, so it is probably on the radar of institutional investors.

Simply Wall St -

Is New Hope Corporation Limited (ASX:NHC) A Great Dividend Stock?

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Historically, New Hope Corporation Limited (ASX:NHC) has paid dividends to shareholders, and these days it yields 4.5%. … Let's take a look at New Hope in more detail.

Simply Wall St -

Is New Hope Corporation Limited's (ASX:NHC) High P/E Ratio A Problem For Investors?

To keep it practical, we'll show how New Hope Corporation Limited's (ASX:NHC) P/E ratio could help you assess the value on offer. … New Hope has a price to earnings ratio of 18.96, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

These Factors Make New Hope Corporation Limited (ASX:NHC) An Interesting Investment

New Hope Corporation Limited (ASX:NHC) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … In the following section, I expand a bit more on these key aspects

Simply Wall St -

Does New Hope Corporation Limited's (ASX:NHC) CEO Salary Compare Well With Others?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Shane Stephan's Compensation Compare With Similar Sized Companies. … Our data indicates that New Hope Corporation Limited is worth AU$2.8b, and total annual CEO compensation is AU$1.9m.

Simply Wall St -

Company Info

Description

New Hope Corporation Limited explores, develops, produces, and processes coal, and oil and gas properties. It operates through three segments: Coal Mining in Queensland, Coal mining in New South Wales, and Oil and Gas. The company has interests in two open cut coal mines in South East Queensland that produce thermal coal, including the New Acland project, which is located in north-west of Oakey, Queensland; and the Jeebropilly coal mine located in the West Moreton region near Ipswich. It also holds interests in oil projects and exploration permits based in the Eromanga Basin of south west Queensland; and two onshore exploration permits in the Otway Basin of south western Victoria. In addition, the company is involved in the marketing and logistics activities; and port operation and agriculture activities. It serves in Japan, Taiwan, China, Chile, Korea, Indonesia, Vietnam, India, Australia, and internationally. The company was founded in 1952 and is based in Brookwater, Australia. New Hope Corporation Limited is a subsidiary of Washington H. Soul Pattinson and Company Limited.

Details
Name: New Hope Corporation Limited
NHC
Exchange: ASX
Founded: 1952
A$2,327,546,491
831,266,604
Website: http://www.newhopegroup.com.au
Address: New Hope Corporation Limited
3/22 Magnolia Drive,
Brookwater,
Queensland, 4300,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX NHC Ordinary Shares Australian Securities Exchange AU AUD 16. Sep 2003
OTCPK NHPE.F Ordinary Shares Pink Sheets LLC US USD 16. Sep 2003
DB OD8 Ordinary Shares Deutsche Boerse AG DE EUR 16. Sep 2003
CHIA NHC Ordinary Shares Chi-X Australia AU AUD 16. Sep 2003
Number of employees
Current staff
Staff numbers
0
New Hope employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 10:32
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/03/18
Last earnings reported: 2019/01/31
Last annual earnings reported: 2018/07/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.