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YAL

Yancoal Australia ASX:YAL Stock Report

Last Price

AU$6.13

Market Cap

AU$8.1b

7D

0.7%

1Y

141.3%

Updated

25 Sep, 2022

Data

Company Financials +
YAL fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance4/6
Financial Health5/6
Dividends4/6

YAL Stock Overview

Yancoal Australia Ltd engages in the exploration, development, production, and marketing of metallurgical and thermal coal in Australia, Japan, Singapore, China, South Korea, Taiwan, Thailand, and internationally.

Yancoal Australia Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Yancoal Australia
Historical stock prices
Current Share PriceAU$6.13
52 Week HighAU$7.15
52 Week LowAU$2.38
Beta0.32
1 Month Change5.33%
3 Month Change17.89%
1 Year Change141.34%
3 Year Change103.65%
5 Year Change59.22%
Change since IPO-86.93%

Recent News & Updates

Shareholder Returns

YALAU Oil and GasAU Market
7D0.7%-1.9%-2.7%
1Y141.3%27.5%-11.0%

Return vs Industry: YAL exceeded the Australian Oil and Gas industry which returned 27.5% over the past year.

Return vs Market: YAL exceeded the Australian Market which returned -11% over the past year.

Price Volatility

Is YAL's price volatile compared to industry and market?
YAL volatility
YAL Average Weekly Movement7.4%
Oil and Gas Industry Average Movement11.6%
Market Average Movement9.6%
10% most volatile stocks in AU Market16.9%
10% least volatile stocks in AU Market4.3%

Stable Share Price: YAL is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: YAL's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20043,283David Moulthttps://www.yancoal.com.au

Yancoal Australia Ltd engages in the exploration, development, production, and marketing of metallurgical and thermal coal in Australia, Japan, Singapore, China, South Korea, Taiwan, Thailand, and internationally. It owns 95% interests in the Moolarben coal mine located in the Western Coalfields of New South Wales; 100% interests in the Stratford Duralie mines located within the New South Wales Gloucester Basin; 100% interests in the Yarrabee mine located to the northeast of Blackwater in Central Queensland’s Bowen Basin; and 80% interests in the Mount Thorley mine and 84.5% interests in the Warkworth mine located in the Hunter Valley region of New South Wales. In addition, it owns 100% interest in the Ashton mine located in the Upper Hunter Valley region of New South Wales; the Austar mine located in New South Wales; and 50% interest in the Middlemount mine located in the Queensland’s Bowen Basin, as well as holds interest in the Cameby Downs mine located in the Southeast Queensland, and the Hunter Valley coal mine located in the New South Wales.

Yancoal Australia Fundamentals Summary

How do Yancoal Australia's earnings and revenue compare to its market cap?
YAL fundamental statistics
Market CapAU$8.09b
Earnings (TTM)AU$2.66b
Revenue (TTM)AU$8.41b

3.0x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
YAL income statement (TTM)
RevenueAU$8.41b
Cost of RevenueAU$2.84b
Gross ProfitAU$5.57b
Other ExpensesAU$2.91b
EarningsAU$2.66b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.01
Gross Margin66.25%
Net Profit Margin31.61%
Debt/Equity Ratio50.4%

How did YAL perform over the long term?

See historical performance and comparison

Dividends

17.2%

Current Dividend Yield

51%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is YAL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for YAL?

Other financial metrics that can be useful for relative valuation.

YAL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA1.8x
PEG Ratio22.8x

Price to Earnings Ratio vs Peers

How does YAL's PE Ratio compare to its peers?

YAL PE Ratio vs Peers
The above table shows the PE ratio for YAL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average5x
WHC Whitehaven Coal
4.3x-35.2%AU$8.3b
NHC New Hope
5.4x-23.4%AU$5.3b
SMR Stanmore Resources
5.4xn/aAU$2.0b
TER TerraCom
4.9xn/aAU$843.5m
YAL Yancoal Australia
3x0.1%AU$8.1b

Price-To-Earnings vs Peers: YAL is good value based on its Price-To-Earnings Ratio (3x) compared to the peer average (5x).


Price to Earnings Ratio vs Industry

How does YAL's PE Ratio compare vs other companies in the AU Oil and Gas Industry?

Price-To-Earnings vs Industry: YAL is good value based on its Price-To-Earnings Ratio (3x) compared to the Australian Oil and Gas industry average (7.2x)


Price to Earnings Ratio vs Fair Ratio

What is YAL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

YAL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3x
Fair PE Ratio28.7x

Price-To-Earnings vs Fair Ratio: YAL is good value based on its Price-To-Earnings Ratio (3x) compared to the estimated Fair Price-To-Earnings Ratio (28.7x).


Share Price vs Fair Value

What is the Fair Price of YAL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: YAL (A$6.13) is trading below our estimate of fair value (A$227.64)

Significantly Below Fair Value: YAL is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Yancoal Australia forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


0.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: YAL's forecast earnings growth (0.1% per year) is below the savings rate (1.8%).

Earnings vs Market: YAL's earnings (0.1% per year) are forecast to grow slower than the Australian market (6.6% per year).

High Growth Earnings: YAL's earnings are forecast to grow, but not significantly.

Revenue vs Market: YAL's revenue is expected to decline over the next 3 years (-12.3% per year).

High Growth Revenue: YAL's revenue is forecast to decline over the next 3 years (-12.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: YAL's Return on Equity is forecast to be high in 3 years time (27.5%)


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Past Performance

How has Yancoal Australia performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


2.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: YAL has high quality earnings.

Growing Profit Margin: YAL became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: YAL has become profitable over the past 5 years, growing earnings by 2.1% per year.

Accelerating Growth: YAL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: YAL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (533.8%).


Return on Equity

High ROE: YAL's Return on Equity (38.3%) is considered high.


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Financial Health

How is Yancoal Australia's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: YAL's short term assets (A$4.6B) exceed its short term liabilities (A$1.5B).

Long Term Liabilities: YAL's short term assets (A$4.6B) do not cover its long term liabilities (A$5.2B).


Debt to Equity History and Analysis

Debt Level: YAL's net debt to equity ratio (1.7%) is considered satisfactory.

Reducing Debt: YAL's debt to equity ratio has reduced from 296.8% to 50.4% over the past 5 years.

Debt Coverage: YAL's debt is well covered by operating cash flow (127.8%).

Interest Coverage: YAL's interest payments on its debt are well covered by EBIT (15.6x coverage).


Balance Sheet


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Dividend

What is Yancoal Australia current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


17.20%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: YAL's dividend (17.2%) is higher than the bottom 25% of dividend payers in the Australian market (2.78%).

High Dividend: YAL's dividend (17.2%) is in the top 25% of dividend payers in the Australian market (7.03%)


Stability and Growth of Payments

Stable Dividend: YAL has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: YAL's dividend payments have increased, but the company has only paid a dividend for 4 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (51.1%), YAL's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (33.1%), YAL's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure


CEO

David Moult (65 yo)

2.5yrs

Tenure

AU$5,346,186

Compensation

Mr. David James Moult, C. Eng (Mining), MBA, FAusIMM, FIMMM, MAICD, has been Chief Executive Officer at Yancoal Australia Ltd. since March 9, 2020. Mr. Moult serves as Director at Middlemount Coal Pty Ltd...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD3.50M) is about average for companies of similar size in the Australian market ($USD2.95M).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: YAL's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: YAL's board of directors are considered experienced (5.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

ASX:YAL Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
09 Sep 22SellAU$96,715,897Cinda International Hgb Investment (Uk) LimitedCompany14,795,842AU$6.86
08 Jun 22SellAU$80,306,480Cinda International Hgb Investment (Uk) LimitedCompany13,529,281AU$6.07
18 May 22SellAU$33,687,998Shandong Lucion Investment Holding Group Co., LtdCompany5,873,400AU$5.74

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 23 shareholders own 88.47% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
62.26%
Yankuang Energy Group Company Limited
822,157,715A$5.0b0%no data
13.74%
Cinda International Hgb Investment (Uk) Limited
181,474,887A$1.1b-5.62%no data
5.92%
Hkg Register Control A/C\C
78,147,273A$479.0m0%no data
4.96%
Shandong Lucion Investment Holding Group Co., Ltd
65,555,171A$401.9m-8.22%no data
1.08%
Evercharm International Investment Limited
14,285,715A$87.6m0%no data
0.24%
David Moult
3,182,325A$19.5m0%no data
0.049%
Kenneth Kamon
648,338A$4.0m0%no data
0.032%
Qingchun Zhao
420,000A$2.6m389.51%no data
0.027%
Yaomeng Xiao
350,000A$2.1m0%no data
0.024%
Melissa Josephson
323,194A$2.0m0%no data
0.024%
Dimensional Fund Advisors LP
314,931A$1.9m24.05%no data
0.021%
Baocai Zhang
274,404A$1.7m54.36%no data
0.015%
Donald Mackenzie
200,000A$1.2m0%no data
0.014%
Ning Zhang
178,813A$1.1m0%no data
0.012%
Xiangqian Wu
162,600A$996.7k0%no data
0.012%
Coal Sales Pty Ltd
160,000A$980.8k0%no data
0.0076%
Patricia Buffier
100,000A$613.0k0%no data
0.0076%
Michael Buffier
100,000A$613.0k0%no data
0.0057%
Michael Lee
75,626A$463.6k0%no data
0.0057%
Linda Lee
75,626A$463.6k0%no data
0.0034%
Ning Su
45,573A$279.4k0%no data
0.0017%
Geoffrey Raby
22,858A$140.1k0%no data
0.00016%
Gregory Fletcher
2,100A$12.9k0%no data

Company Information

Yancoal Australia Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Yancoal Australia Ltd
  • Ticker: YAL
  • Exchange: ASX
  • Founded: 2004
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Implied Market Cap: AU$8.094b
  • Shares outstanding: 1.32b
  • Website: https://www.yancoal.com.au

Number of Employees


Location

  • Yancoal Australia Ltd
  • Tower 2, Darling Park
  • 201 Sussex Street
  • Sydney
  • New South Wales
  • 2000
  • Australia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
YALASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMar 2003
YA1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2003
YACA.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMar 2003
YALCHIA (Chi-X Australia)YesOrdinary SharesAUAUDMar 2003
YA1BST (Boerse-Stuttgart)YesOrdinary SharesDEEURMar 2003
3668SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMar 2003

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/25 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.