ASX:CRN

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Coronado Global Resources

Executive Summary

Coronado Global Resources Inc., together with its subsidiaries, produces, markets, and exports metallurgical coal.


Snowflake Analysis

Very undervalued average dividend payer.


Similar Companies

Share Price & News

How has Coronado Global Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CRN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

12.7%

CRN

1.9%

AU Metals and Mining

2.5%

AU Market


1 Year Return

-70.0%

CRN

-1.8%

AU Metals and Mining

-10.8%

AU Market

Return vs Industry: CRN underperformed the Australian Metals and Mining industry which returned -1.8% over the past year.

Return vs Market: CRN underperformed the Australian Market which returned -10.8% over the past year.


Shareholder returns

CRNIndustryMarket
7 Day12.7%1.9%2.5%
30 Day-0.9%1.6%0.8%
90 Day-21.1%22.0%16.7%
1 Year-62.7%-70.0%3.5%-1.8%-7.2%-10.8%
3 Yearn/a67.5%44.2%19.2%3.4%
5 Yearn/a115.1%72.1%35.9%6.6%

Price Volatility Vs. Market

How volatile is Coronado Global Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Coronado Global Resources undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CRN (A$1.07) is trading below our estimate of fair value (A$5.65)

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


Price To Earnings Ratio

PE vs Industry: CRN is good value based on its PE Ratio (3.6x) compared to the Metals and Mining industry average (10.3x).

PE vs Market: CRN is good value based on its PE Ratio (3.6x) compared to the Australian market (16x).


Price to Earnings Growth Ratio

PEG Ratio: CRN is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: CRN is good value based on its PB Ratio (1x) compared to the AU Metals and Mining industry average (1.7x).


Next Steps

Future Growth

How is Coronado Global Resources forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

18.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CRN's forecast earnings growth (18.1% per year) is above the savings rate (2.3%).

Earnings vs Market: CRN's earnings (18.1% per year) are forecast to grow faster than the Australian market (15.1% per year).

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

Revenue vs Market: CRN's revenue (8.8% per year) is forecast to grow faster than the Australian market (4.2% per year).

High Growth Revenue: CRN's revenue (8.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CRN's Return on Equity is forecast to be low in 3 years time (16.9%).


Next Steps

Past Performance

How has Coronado Global Resources performed over the past 5 years?

49.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CRN has high quality earnings.

Growing Profit Margin: CRN's current net profit margins (9.8%) are lower than last year (10%).


Past Earnings Growth Analysis

Earnings Trend: CRN's earnings have grown significantly by 49% per year over the past 5 years.

Accelerating Growth: CRN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CRN had negative earnings growth (-15.2%) over the past year, making it difficult to compare to the Metals and Mining industry average (-8.4%).


Return on Equity

High ROE: CRN's Return on Equity (26.7%) is considered high.


Next Steps

Financial Health

How is Coronado Global Resources's financial position?


Financial Position Analysis

Short Term Liabilities: CRN's short term assets ($500.6M) exceed its short term liabilities ($393.5M).

Long Term Liabilities: CRN's short term assets ($500.6M) do not cover its long term liabilities ($997.3M).


Debt to Equity History and Analysis

Debt Level: CRN's debt to equity ratio (61.4%) is considered high.

Reducing Debt: Insufficient data to determine if CRN's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: CRN's debt is well covered by operating cash flow (60.1%).

Interest Coverage: CRN's interest payments on its debt are well covered by EBIT (7.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Coronado Global Resources's current dividend yield, its reliability and sustainability?

18.53%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CRN's dividend (18.53%) is higher than the bottom 25% of dividend payers in the Australian market (2.47%).

High Dividend: CRN's dividend (18.53%) is in the top 25% of dividend payers in the Australian market (6.44%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether CRN's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if CRN's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (66.3%), CRN's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CRN's dividends in 3 years are forecast to be covered by earnings (73.8% payout ratio).


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

Gerry Spindler (72yo)

1.92yrs

Tenure

US$2,763,274

Compensation

Mr. Garold R. Spindler, also known as Gerry, is Founder and Owner of Imagin Minerals. Mr. Spindler is Managing Director and Chief Executive Officer of Coronado Global Resources Inc. since August 13, 2018.  ...


CEO Compensation Analysis

Compensation vs Market: Gerry's total compensation ($USD2.76M) is above average for companies of similar size in the Australian market ($USD981.06K).

Compensation vs Earnings: Gerry's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Garold Spindler
MD, CEO & Director1.92yrsUS$2.76m0.19% $1.8m
James Campbell
President & COO1.92yrsUS$951.92k0.031% $300.0k
Richard Rose
VP, Chief Legal Officer & Company Secretary1.92yrsUS$527.17k0.0021% $20.0k
Emma Pollard
Vice President of People & Culture1.75yrsUS$441.69kno data
Liesl Burman
Assistant & Joint Company Secretary0.17yrno datano data

1.9yrs

Average Tenure

62.5yo

Average Age

Experienced Management: CRN's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Garold Spindler
MD, CEO & Director1.92yrsUS$2.76m0.19% $1.8m
Michael Davis
Non-Executive Director0.083yrno datano data
Gregory Pritchard
Independent Non-Executive Director1.83yrsUS$132.15k0.0052% $50.0k
Laura Tyson
Non-Executive Director1.92yrsUS$121.72kno data
Ernie Thrasher
Non-Executive Director1.83yrsUS$121.72kno data
William Koeck
Independent Chairman1.42yrsUS$222.64k0.0056% $53.7k
Philip Christensen
Independent Non-Executive Director1.83yrsUS$132.15kno data

1.8yrs

Average Tenure

65yo

Average Age

Experienced Board: CRN's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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

Ownership Breakdown

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


Top Shareholders

Company Information

Coronado Global Resources Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Coronado Global Resources Inc.
  • Ticker: CRN
  • Exchange: ASX
  • Founded: 2011
  • Industry: Steel
  • Sector: Materials
  • Market Cap: AU$966.517m
  • Shares outstanding: 966.52m
  • Website: https://coronadoglobal.com.au

Number of Employees


Location

  • Coronado Global Resources Inc.
  • Central Plaza One
  • Level 33
  • Brisbane
  • Queensland
  • 4000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CRNCHIA (Chi-X Australia)YesChess Depositary Interests 10:1AUAUDOct 2018
CRNASX (Australian Securities Exchange)YesChess Depositary Interests 10:1AUAUDOct 2018

Biography

Coronado Global Resources Inc., together with its subsidiaries, produces, markets, and exports metallurgical coal. The company operates through four segments: Curragh, Buchanan, Logan, and Greenbrier. It owns a portfolio of operating mines and development projects, including the Curragh mine complex located in the Bowen Basin of Queensland, Australia; and the Buchanan, Logan, and Greenbrier mine complexes located in the Central Appalachian region in Virginia and West Virginia, the United States. The company provides its products in the United States, India, Japan, South Korea, Taiwan, Brazil, China, and Europe. Coronado Global Resources Inc. was founded in 2011 and is headquartered in Brisbane, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/06 10:33
End of Day Share Price2020/07/06 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.