ASX:CRN

Stock Analysis Report

Coronado Global Resources

Executive Summary

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

Snowflake

Fundamentals

Undervalued with adequate balance sheet and pays a dividend.


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


Market Performance


7 Day Return

2.5%

CRN

-3.4%

AU Metals and Mining

0.4%

AU Market


1 Year Return

n/a

CRN

7.9%

AU Metals and Mining

9.8%

AU Market

Return vs Industry: Insufficient data to determine how CRN performed against the Australian Metals and Mining industry.

Return vs Market: Insufficient data to determine how CRN performed against the Australian Market.


Shareholder returns

CRNIndustryMarket
7 Day2.5%-3.4%0.4%
30 Day-2.8%-7.4%-0.7%
90 Day-31.8%-12.1%-0.6%
1 Yearn/a15.3%7.9%16.1%9.8%
3 Yearn/a55.7%37.0%36.1%17.9%
5 Yearn/a53.8%18.9%49.4%15.8%

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

Undervalued: CRN (A$2.42) is trading below our estimate of fair value (A$9.37)

Significantly Undervalued: 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 (5.4x) compared to the Metals and Mining industry average (12.9x).

PE vs Market: CRN is good value based on its PE Ratio (5.4x) compared to the Australian market (18.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: CRN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: CRN is good value based on its PB Ratio (1.4x) compared to the AU Metals and Mining industry average (1.5x).


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?

-28.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CRN's earnings are forecast to decline over the next 3 years (-28.4% per year).

Earnings vs Market: CRN's earnings are forecast to decline over the next 3 years (-28.4% per year).

High Growth Earnings: CRN's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CRN's revenue is expected to decline over the next 3 years (-4.3% per year).

High Growth Revenue: CRN's revenue is forecast to decline over the next 3 years (-4.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: CRN's Return on Equity is forecast to be high in 3 years time (25.2%)


Next Steps

Past Performance

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

236.8%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if CRN's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare CRN's past year earnings growth to its 5-year average.

Earnings vs Industry: CRN earnings growth over the past year (236.8%) exceeded the Metals and Mining industry 1.3%.


Return on Equity

High ROE: CRN's Return on Equity (25%) is considered high.


Return on Assets

ROA vs Industry: CRN has a higher Return on Assets than the Metals and Mining industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate CRN's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Coronado Global Resources's financial position?


Financial Position Analysis

Short Term Liabilities: CRN's short term assets ($480.3M) exceeds its short term liabilities ($417.8M)

Long Term Liabilities: CRN's short term assets (480.3M) do not cover its long term liabilities (626.7M)


Debt to Equity History and Analysis

Debt Level: CRN's debt to equity ratio (1.3%) is considered satisfactory

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 (3313.9%).

Interest Coverage: CRN's interest payments on its debt are well covered by EBIT (11.2x coverage).


Balance Sheet

Inventory Level: CRN has a high level of physical assets or inventory.

Debt Coverage by Assets: CRN's debt is covered by short term assets (assets are 30.355170x debt).


Next Steps

Dividend

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

13.56%

Current Dividend Yield


Dividend Yield vs Market

company13.6%marketbottom25%2.4%markettop25%5.6%industryaverage4.9%forecastin3Years16.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CRN's dividend (13.56%) is higher than the bottom 25% of dividend payers in the Australian market (2.44%).

High Dividend: CRN's dividend (13.56%) is in the top 25% of dividend payers in the Australian market (5.58%)

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 (56.7%), 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 (58.7% payout ratio).


Next Steps

Management

What is the CEO of Coronado Global Resources's salary, the management and board of directors tenure and is there insider trading?

2.0yrs

Average management tenure


CEO

Gerry Spindler (71yo)

0yrs

Tenure

0

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. Mr. Spindler serves as  ...


Management Age and Tenure

2.0yrs

Average Tenure

57yo

Average Age

Experienced Management: CRN's management team is considered experienced (2 years average tenure).


Board Age and Tenure

1.1yrs

Average Tenure

64yo

Average Age

Experienced Board: CRN's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


Insider Trading

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


Recent Insider Transactions

BuyUS$89,90003 May 19
William Koeck
EntityIndividual
Role
Chairman of the Board
Independent Chairman
Shares31,000
Max PriceUS$2.90

Ownership Breakdown


Management Team

  • Gerry Spindler (71yo)

    MD, CEO & Director

    • Tenure: 0yrs
  • Ayten Saridas (52yo)

    Group Chief Financial Officer

    • Tenure: 1.3yrs
  • Jim Campbell (66yo)

    President & COO

    • Tenure: 8.8yrs
  • Rick Rose (57yo)

    VP, Chief Legal Officer & Company Secretary

    • Tenure: 2.8yrs
  • Emma Pollard (46yo)

    Vice President of People & Culture

    • Tenure: 1yrs

Board Members

  • Gerry Spindler (71yo)

    MD, CEO & Director

    • Tenure: 0yrs
  • Greg Pritchard (56yo)

    Independent Non-Executive Director

    • Tenure: 1.1yrs
  • Laura Tyson (47yo)

    Non-Executive Director

    • Tenure: 1.2yrs
  • Ernie Thrasher (64yo)

    Non-Executive Director

    • Tenure: 1.1yrs
  • Bill Koeck (66yo)

    Independent Chairman

    • Tenure: 0.7yrs
  • Philip Christensen (64yo)

    Independent Non-Executive Director

    • Tenure: 1.1yrs

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$2.368b
  • Shares outstanding: 966.52m
  • Website: https://coronadoglobal.com.au

Number of Employees


Location

  • Coronado Global Resources Inc.
  • Central Plaza One
  • Level 31
  • 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 o ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 10:40
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.