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Yancoal Australia

ASX:YALDA
Snowflake Description

Fair value with mediocre balance sheet.

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

Yancoal Australia Ltd Engages in the exploration, development, production, and marketing of metallurgical and thermal coal Australia, Singapore, South Korea, China, Japan, Taiwan, and internationally. The last earnings update was 56 days ago. More info.


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YALDA Share Price and Events
Price Volatility
YALDA
Industry
5yr Volatility vs Market

YALDA Value

 Is Yancoal Australia 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 Yancoal Australia 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 Yancoal Australia.

ASX:YALDA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 14.1%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.8%

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:YALDA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.8%
Equity Risk Premium S&P Global 7.2%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.001 (1 + (1- 30%) (80.25%))
1.564
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.56
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.77% + (1.564 * 7.23%)
14.07%

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

The calculations below outline how an intrinsic value for Yancoal Australia is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:YALDA DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (AUD, Millions) 408.24 475.87 554.71 646.60 750.06
Source Est @ 16.57% Est @ 16.57% Est @ 16.57% Est @ 16.57% Est @ 16%, capped from 16.57%
Present Value
Discounted (@ 14.07%)
357.88 365.70 373.69 381.85 388.30
Present value of next 5 years cash flows A$1,867.41
ASX:YALDA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= A$750.06 × (1 + 2.77%) ÷ (14.07% – 2.77%)
A$6,821.96
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= A$6,821.96 ÷ (1 + 14.07%)5
A$3,531.66
ASX:YALDA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= A$1,867.41 + A$3,531.66
A$5,399.08
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$5,399.08 / 1,256.07
A$4.19
ASX:YALDA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in ASX:YALDA represents 0.97442x of ASX:YAL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97442x
Value per Share
(Listing Adjusted, AUD)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 4.30 x 0.97442
A$4.19
Value per share (AUD) From above. A$4.19
Current discount Discount to share price of A$4.19
= -1 x (A$4.19 - A$4.19) / A$4.19
-0%

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

  • The current share price of Yancoal Australia 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 Yancoal Australia's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Yancoal Australia's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:YALDA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in AUD A$0.63
ASX:YAL Share Price ** ASX (2018-10-08) in AUD A$4.3
Australia Oil and Gas Industry PE Ratio Median Figure of 30 Publicly-Listed Oil and Gas Companies 21.75x
Australia Market PE Ratio Median Figure of 566 Publicly-Listed Companies 16.78x

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

** Primary Listing of Yancoal Australia.

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

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

= 4.3 ÷ 0.63

6.78x

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

  • Yancoal Australia is good value based on earnings compared to the AU Oil and Gas industry average.
  • Yancoal Australia is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Yancoal Australia's expected growth come at a high price?
Raw Data
ASX:YALDA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Oil and Gas Industry PEG Ratio Median Figure of 13 Publicly-Listed Oil and Gas Companies 1.18x
Australia Market PEG Ratio Median Figure of 358 Publicly-Listed Companies 1.43x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Yancoal Australia, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Yancoal Australia's assets?
Raw Data
ASX:YALDA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in AUD A$5.10
ASX:YAL Share Price * ASX (2018-10-08) in AUD A$4.3
Australia Oil and Gas Industry PB Ratio Median Figure of 147 Publicly-Listed Oil and Gas Companies 1.48x
Australia Market PB Ratio Median Figure of 1,683 Publicly-Listed Companies 1.89x
ASX:YALDA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 4.3 ÷ 5.10

0.84x

* Primary Listing of Yancoal Australia.

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

  • Yancoal Australia is good value based on assets compared to the AU Oil and Gas industry average.
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Value checks
We assess Yancoal Australia'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. Yancoal Australia has a total score of 3/6, 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.

YALDA Future Performance

 How is Yancoal Australia expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Yancoal Australia has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
19.2%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Yancoal Australia expected to grow at an attractive rate?
  • Unable to compare Yancoal Australia's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Yancoal Australia's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Yancoal Australia's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:YALDA Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 19.2%
Australia Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 5.7%
Australia Market Earnings Growth Rate Market Cap Weighted Average 8%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*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:YALDA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:YALDA Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-06-30 4,124 838 604
2018-03-31 3,367 623 417
2017-12-31 2,609 408 229
2017-09-30 2,108 402 84
2017-06-30 1,606 390 -61
2017-03-31 1,422 183 -144
2016-12-31 1,238 -24 -227
2016-09-30 1,194 -76 -277
2016-06-30 1,150 -128 -326
2016-03-31 1,236 -118 -309
2015-12-31 1,322 -108 -291
2015-09-30 1,368 -183 -299

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Yancoal Australia is high growth as no earnings estimate data is available.
  • Unable to determine if Yancoal Australia is high growth as no revenue estimate data is available.
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:YALDA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Yancoal Australia Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:YALDA Past Financials Data
Date (Data in AUD Millions) EPS *
2018-06-30 0.63
2018-03-31 0.59
2017-12-31 0.50
2017-09-30 0.34
2017-06-30 -1.78
2017-03-31 -4.60
2016-12-31 -7.99
2016-09-30 -9.66
2016-06-30 -11.30
2016-03-31 -10.78
2015-12-31 -10.25
2015-09-30 -10.64

*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.
  • Unable to establish if Yancoal Australia will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Yancoal Australia is trading at Yancoal Australia'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Yancoal Australia's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Yancoal Australia's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
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Future performance checks
We assess Yancoal Australia'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.
Yancoal Australia 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.

YALDA Past Performance

  How has Yancoal Australia 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 Yancoal Australia'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.
  • Yancoal Australia has delivered over 20% year on year earnings growth in the past 5 years.
  • Yancoal Australia has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Yancoal Australia has become profitable in the last year making it difficult to compare the AU Oil and Gas industry average.
Earnings and Revenue History
Yancoal Australia'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 Yancoal Australia Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:YALDA Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 4,124.00 604.00 458.00
2018-03-31 3,366.50 416.50 381.50
2017-12-31 2,609.00 229.00 305.00
2017-09-30 2,107.60 84.20 247.15
2017-06-30 1,606.40 -60.50 189.50
2017-03-31 1,422.20 -143.75 189.75
2016-12-31 1,238.00 -227.00 190.00
2016-09-30 1,194.15 -276.65 195.35
2016-06-30 1,150.30 -326.30 200.70
2016-03-31 1,235.90 -308.75 216.05
2015-12-31 1,321.50 -291.20 231.40
2015-09-30 1,367.72 -298.70 249.44
2015-06-30 1,413.93 -306.19 267.47
2015-03-31 1,422.82 -329.85 271.44
2014-12-31 1,431.70 -353.50 275.40
2014-09-30 1,448.86 -314.42 273.82
2014-06-30 1,466.02 -275.34 272.24
2014-03-31 1,497.92 -553.70 269.03
2013-12-31 1,529.81 -832.07 265.83
2013-09-30 1,507.34 -808.06 270.40
2013-06-30 1,484.86 -784.06 274.97
2013-03-31 1,427.03 -204.56 256.51
2012-12-31 1,369.21 374.94 238.06
2012-09-30 1,367.88 430.36 219.37
2012-06-30 1,321.89 462.22 197.71
2012-03-31 1,392.64 384.24 186.94
2011-12-31 1,463.40 306.26 176.17

*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.
  • Yancoal Australia has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Yancoal Australia used its assets more efficiently than the AU Oil and Gas industry average last year based on Return on Assets.
  • Yancoal Australia's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
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Past performance checks
We assess Yancoal Australia'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.
Yancoal Australia 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.

YALDA Health

 How is Yancoal Australia'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 Yancoal Australia's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Yancoal Australia is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Yancoal Australia's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Yancoal Australia'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 not covered by short term assets, assets are 0.3x 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 Yancoal Australia Company Filings, last reported 3 months ago.

ASX:YALDA Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 5,265.00 4,284.00 485.00
2018-03-31 5,265.00 4,284.00 485.00
2017-12-31 5,026.00 4,723.00 207.00
2017-09-30 5,026.00 4,723.00 207.00
2017-06-30 1,533.40 4,726.50 316.70
2017-03-31 1,533.40 4,726.50 316.70
2016-12-31 1,352.00 4,950.00 190.00
2016-09-30 1,352.00 4,950.00 190.00
2016-06-30 1,516.60 5,026.20 100.00
2016-03-31 1,516.60 5,026.20 100.00
2015-12-31 1,688.30 4,731.50 154.40
2015-09-30 1,688.30 4,731.50 154.40
2015-06-30 2,166.09 4,205.48 187.57
2015-03-31 2,166.09 4,205.48 187.57
2014-12-31 2,487.20 3,780.00 203.60
2014-09-30 2,487.20 3,780.00 203.60
2014-06-30 989.95 5,107.23 365.30
2014-03-31 989.95 5,107.23 365.30
2013-12-31 977.15 5,156.87 318.00
2013-09-30 977.15 5,156.87 318.00
2013-06-30 985.83 4,929.47 380.27
2013-03-31 985.83 4,929.47 380.27
2012-12-31 1,791.46 4,165.52 349.29
2012-09-30 1,843.44 4,209.20 350.65
2012-06-30 1,839.77 4,094.63 343.93
2012-03-31 1,839.77 4,094.63 343.93
2011-12-31 1,762.50 2,993.30 290.97
  • Yancoal Australia's level of debt (81.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (500.3% vs 81.4% today).
  • Debt is not well covered by operating cash flow (19.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.1x coverage).
X
Financial health checks
We assess Yancoal Australia'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. Yancoal Australia has a total score of 3/6, 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.

YALDA Dividends

 What is Yancoal Australia'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
4.81%
Current annual income from Yancoal Australia dividends.
If you bought A$2,000 of Yancoal Australia shares you are expected to receive A$96 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?
  • Yancoal Australia's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.4%).
  • Yancoal Australia's dividend is below the markets top 25% of dividend payers in Australia (5.74%).
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:YALDA 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 0 Analyst Estimates (S&P Global) See Below
Australia Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 2.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 427 Stocks 4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.4%
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:YALDA Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2018-08-15 0.207 4.731

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

  • It is too early to tell whether Yancoal Australia has stable dividend payments.
  • Yancoal Australia only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Yancoal Australia's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
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Income/ dividend checks
We assess Yancoal Australia's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Yancoal Australia afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Yancoal Australia has a total score of 2/6, see the detailed checks below.


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

YALDA Management

 What is the CEO of Yancoal Australia'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
Reinhold Schmidt, image provided by Google.
Reinhold Schmidt
COMPENSATION A$6,759,482
TENURE AS CEO 5.2 years
CEO Bio

Mr. Reinhold H. Schmidt, MEng (Mineral Economics), has been the Chief Executive Officer of Yancoal Australia Ltd., since August 26, 2013. Mr. Schmidt has over 20 years' experience in the mining industry. He served as the Chief Operating Officer of Xstrata Coal Queensland Pty Limited at Xstrata plc. He served as Chief Operating Officer at Glencore Coal Pty Limited, Xstrata Coal Pty Limited and Glencore Coal Queensland Pty Limited. Mr. Schmidt served as an Executive General of Manager of Wandoan Project and General Manager of Commercial at Xstrata Coal Pty Limited. He served as President of the Colombian Coal assets of Glencore. He has been a Director of Middlemount Coal Pty Ltd since September 20, 2013 and NCIG Holdings Pty Ltd since October 11, 2013. He served as Director of Yancoal SCN Limited from November 13, 2014 to November 21, 2014. He is a Mining Engineer with a Master's degree in Mining Engineering.

CEO Compensation
  • Reinhold's compensation has increased in line with Yancoal Australia recently becoming profitable.
  • Reinhold's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Yancoal Australia management team in years:

4.8
Average Tenure
  • The tenure for the Yancoal Australia management team is about average.
Management Team

Baocai Zhang

TITLE
Chairman
COMPENSATION
A$2M
AGE
51

Reinhold Schmidt

TITLE
Chief Executive Officer
COMPENSATION
A$7M
TENURE
5.2 yrs

Lei Zhang

TITLE
Chief Financial Officer
COMPENSATION
A$687K
TENURE
4.8 yrs

James Rickards

TITLE
General Manager of Investor Relations & Corporate Affairs

Laura Zhang

TITLE
Executive GM of Group Legal & Compliance
TENURE
0.8 yrs

Frank Fulham

TITLE
Chief Development Officer
TENURE
6.8 yrs

Charlie Spence

TITLE
Regional General Manager of NSW
TENURE
4.7 yrs

Chris Woodward

TITLE
Executive General Manager of Business Support

Paul Stringer

TITLE
Regional General Manager of Qld & Wa
Board of Directors Tenure

Average tenure and age of the Yancoal Australia board of directors in years:

1.6
Average Tenure
54
Average Age
  • The average tenure for the Yancoal Australia board of directors is less than 3 years, this suggests a new board.
Board of Directors

Baocai Zhang

TITLE
Chairman
COMPENSATION
A$2M
AGE
51
TENURE
0.3 yrs

Reinhold Schmidt

TITLE
Chief Executive Officer
COMPENSATION
A$7M
TENURE
1.8 yrs

Gregory Fletcher

TITLE
Co-Vice Chairman
COMPENSATION
A$608K
TENURE
0.6 yrs

Fucun Wang

TITLE
Co Vice Chair
TENURE
0.3 yrs

Lei Zhang

TITLE
Chief Financial Officer
COMPENSATION
A$687K
TENURE
2.2 yrs

Cunliang Lai

TITLE
Non Executive Director
AGE
58
TENURE
4.8 yrs

David Moult

TITLE
Independent Non-Executive Director
AGE
61
TENURE
0.8 yrs

Geoff Raby

TITLE
Independent Non-Executive Director
COMPENSATION
A$283K
TENURE
6.3 yrs

Fuqi Wang

TITLE
Non-Executive Director
AGE
54
TENURE
3.5 yrs

Xiangqian Wu

TITLE
Non-Executive Director
AGE
52
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Value (USD)
X
Management checks
We assess Yancoal Australia'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. Yancoal Australia 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.

YALDA News

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YALDA Company Info

Map
Description

Yancoal Australia Ltd Engages in the exploration, development, production, and marketing of metallurgical and thermal coal Australia, Singapore, South Korea, China, Japan, Taiwan, and internationally. It owns interests in the Moolarben coal mine located in the Western Coalfields of New South Wales; Stratford and Duralie mines located to the north of Newcastle in the Gloucester Basin; Yarrabee mine located to the northeast of Blackwater in Central Queensland’s Bowen Basin; and Middlemount mine located to the north-east of Emerald in Queensland's Bowen Basin. The company was founded in 2004 and is based in Sydney, Australia. Yancoal Australia Ltd is a subsidiary of Yanzhou Coal Mining Company Limited.

Details
Name: Yancoal Australia Ltd
YALDA
Exchange: ASX
Founded: 2004
A$5,338,299,293
1,256,070,422
Website: http://www.yancoal.com.au
Address: Yancoal Australia Ltd
363 George Street,
Level 26,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX YAL Ordinary Shares Australian Securities Exchange AU AUD 14. Mar 2003
OTCPK YACA.F Ordinary Shares Pink Sheets LLC US USD 14. Mar 2003
DB YA1 Ordinary Shares Deutsche Boerse AG DE EUR 14. Mar 2003
ASX YALDA NPV DFD 08/10/18 (EX-SPLT) Australian Securities Exchange AU AUD 28. Sep 2018
CHIA YALDA NPV DFD 08/10/18 (EX-SPLT) Chi-X Australia AU AUD 28. Sep 2018
Number of employees
Current staff
Staff numbers
0
Yancoal Australia employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/10/10 07:36
End of day share price update: 2018/10/08 00:00
Last earnings filing: 2018/08/15
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.