Loading...

Yancoal Australia

SEHK:3668
Snowflake Description

Undervalued with solid track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3668
SEHK
A$4B
Market Cap
  1. Home
  2. HK
  3. Energy
Company description

Yancoal Australia Ltd Engages in the exploration, development, production, and marketing of metallurgical and thermal coal in Japan, Singapore, China, South Korea, Taiwan, Thailand, Australia, and internationally. The last earnings update was 83 days ago. More info.


Add to Portfolio Compare Print
  • Yancoal Australia has significant price volatility in the past 3 months.
3668 Share Price and Events
7 Day Returns
0%
SEHK:3668
-1.3%
HK Oil and Gas
-2.5%
HK Market
1 Year Returns
-
SEHK:3668
-25.4%
HK Oil and Gas
-15.9%
HK Market
3668 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Yancoal Australia (3668) 0% -0.7% 11.4% - - -
HK Oil and Gas -1.3% -8.9% -8.5% -25.4% 6.5% -36.2%
HK Market -2.5% -8.6% -2.1% -15.9% 25.4% 7.8%
1 Year Return vs Industry and Market
  • No trading data on 3668.
  • No trading data on 3668.
Price Volatility
3668
Industry
5yr Volatility vs Market

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.

SEHK:3668 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.1%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

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 SEHK:3668
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.917 (1 + (1- 30%) (94.64%))
1.351
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.35
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.351 * 5.96%)
10.06%

Discounted Cash Flow Calculation for SEHK:3668 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 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.

SEHK:3668 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 10.06%)
2019 1,274.50 Analyst x2 1,158.04
2020 1,200.00 Analyst x2 990.71
2021 912.50 Analyst x2 684.52
2022 854.91 Est @ -6.31% 582.71
2023 822.28 Est @ -3.82% 509.26
2024 805.25 Est @ -2.07% 453.14
2025 798.42 Est @ -0.85% 408.24
2026 798.47 Est @ 0.01% 370.96
2027 803.31 Est @ 0.61% 339.10
2028 811.54 Est @ 1.02% 311.27
Present value of next 10 years cash flows A$5,807.95
SEHK:3668 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$811.54 × (1 + 2%) ÷ (10.06% – 2%)
A$10,278.38
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$10,278.38 ÷ (1 + 10.06%)10
A$3,942.38
SEHK:3668 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$5,807.95 + A$3,942.38
A$9,750.33
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$9,750.33 / 1,320.44
A$7.38
SEHK:3668 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$42.43
Current discount Discount to share price of HK$18.96
= -1 x (HK$18.96 - HK$42.43) / HK$42.43
55.3%

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

Current Discount
Amount off the current price Yancoal Australia is available for.
Intrinsic value
>50%
Share price is HK$18.96 vs Future cash flow value of HK$42.43
Current Discount Checks
For Yancoal Australia to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Yancoal Australia's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Yancoal Australia's share price is below the future cash flow value, and at a substantial discount (> 40%).
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
SEHK:3668 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.68
ASX:YAL Share Price ** ASX (2019-05-17) in AUD A$3.3
Hong Kong Oil and Gas Industry PE Ratio Median Figure of 28 Publicly-Listed Oil and Gas Companies 10.29x
Hong Kong Market PE Ratio Median Figure of 1,476 Publicly-Listed Companies 11.17x

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

** Primary Listing of Yancoal Australia.

SEHK:3668 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 3.3 ÷ 0.68

4.88x

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 HK Oil and Gas industry average.
  • Yancoal Australia is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Yancoal Australia's expected growth come at a high price?
Raw Data
SEHK:3668 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-14.3%per year
Hong Kong Oil and Gas Industry PEG Ratio Median Figure of 11 Publicly-Listed Oil and Gas Companies 0.79x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

SEHK:3668 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.88x ÷ -14.3%

-0.34x

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

  • Yancoal Australia 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 Yancoal Australia's assets?
Raw Data
SEHK:3668 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$4.42
ASX:YAL Share Price * ASX (2019-05-17) in AUD A$3.3
Hong Kong Oil and Gas Industry PB Ratio Median Figure of 45 Publicly-Listed Oil and Gas Companies 0.92x
Hong Kong Market PB Ratio Median Figure of 2,155 Publicly-Listed Companies 0.97x
SEHK:3668 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 3.3 ÷ 4.42

0.75x

* 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 HK Oil and Gas industry average.
X
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 5/6, 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 Yancoal Australia expected to perform in the next 1 to 3 years based on estimates from 3 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
-14.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Yancoal Australia expected to grow at an attractive rate?
  • Yancoal Australia's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.
Growth vs Market Checks
  • Yancoal Australia's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
  • Yancoal Australia's revenues are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:3668 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:3668 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -14.3%
SEHK:3668 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -3.3%
Hong Kong Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 6.4%
Hong Kong Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.7%

*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
SEHK:3668 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:3668 Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 4,399 1,067 544 3
2020-12-31 4,624 1,586 658 3
2019-12-31 4,770 1,641 736 3
SEHK:3668 Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 4,854 1,747 852
2018-09-30 4,489 1,293 728
2018-06-30 4,124 838 604
2018-03-31 3,367 623 417
2017-12-31 2,609 408 229
2017-09-30 2,108 399 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 -276
2016-06-30 1,150 -128 -326
2016-03-31 1,236 -118 -309

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Yancoal Australia's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Yancoal Australia'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
SEHK:3668 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Yancoal Australia Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:3668 Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.41 0.44 0.38 2.00
2020-12-31 0.50 0.53 0.47 2.00
2019-12-31 0.56 0.56 0.55 2.00
SEHK:3668 Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.68
2018-09-30 0.55
2018-06-30 0.63
2018-03-31 0.59
2017-12-31 0.50
2017-09-30 0.07
2017-06-30 -1.78
2017-03-31 -4.60
2016-12-31 -7.25
2016-09-30 -8.38
2016-06-30 -11.30
2016-03-31 -10.78

*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.
  • Yancoal Australia is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
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 Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong 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.

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's 1-year earnings growth exceeds its 5-year average (272.1% vs 66.6%)
  • Yancoal Australia's earnings growth has exceeded the HK Oil and Gas industry average in the past year (272.1% vs 10.8%).
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 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:3668 Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 4,854.00 852.00 522.00
2018-09-30 4,489.00 728.00 490.00
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 2,107.70 84.25 246.25
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 -227.00 188.00
2016-09-30 1,193.65 -276.45 191.95
2016-06-30 1,150.30 -326.30 200.70
2016-03-31 1,235.90 -308.75 216.05
2015-12-31 1,321.00 -291.00 229.00
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

*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 HK Oil and Gas industry average last year based on Return on Assets.
  • Yancoal Australia 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 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 5/6, 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 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 0.5x 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 Yancoal Australia Company Filings, last reported 4 months ago.

SEHK:3668 Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,838.00 4,124.00 1,031.00
2018-09-30 5,838.00 4,124.00 1,031.00
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 1,688.00 4,732.00 154.00
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
  • Yancoal Australia's level of debt (70.6%) 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 (527.6% vs 70.6% today).
  • Debt is well covered by operating cash flow (42.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.7x 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 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 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
9.67%
Current annual income from Yancoal Australia dividends. Estimated to be 6.17% next year.
If you bought HK$2,000 of Yancoal Australia shares you are expected to receive HK$193 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 Hong Kong (2.07%).
  • Yancoal Australia's dividend is above the markets top 25% of dividend payers in Hong Kong (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
SEHK:3668 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 3 Analyst Estimates (S&P Global) See Below
Hong Kong Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 5.8%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong 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.

SEHK:3668 Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.16 2.00
2020-12-31 0.20 2.00
2019-12-31 0.25 2.00
SEHK:3668 Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-25 0.319 8.854
2018-08-15 0.207 5.661

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 (2.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Yancoal Australia's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 4/6, 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 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
COMPENSATION A$3,908,442
AGE 52
TENURE AS CEO 5.8 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 been consistent with company performance over the past year.
  • Reinhold's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Yancoal Australia management team in years:

5.2
Average Tenure
52
Average Age
  • The average tenure for the Yancoal Australia management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Reinhold Schmidt

TITLE
Chief Executive Officer
COMPENSATION
A$4M
AGE
52
TENURE
5.8 yrs

Fucun Wang

TITLE
Co-Vice Chairman
COMPENSATION
A$939K
AGE
54

Paul Stringer

TITLE
Chief Operating Officer
COMPENSATION
A$2M
AGE
63
TENURE
1 yrs

Lei Zhang

TITLE
Chief Financial Officer
COMPENSATION
A$687K
AGE
45
TENURE
5.2 yrs

James Rickards

TITLE
General Manager of Investor Relations & Corporate Affairs

Laura Zhang

TITLE
Executive GM of Group Legal & Compliance and Company Secretary
AGE
40
TENURE
4.8 yrs

Frank Fulham

TITLE
Chief Development Officer
TENURE
7.3 yrs
Board of Directors Tenure

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

1.8
Average Tenure
53.5
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$710K
AGE
51
TENURE
0.9 yrs

Greg Fletcher

TITLE
Co-Vice Chairman
COMPENSATION
A$417K
AGE
61
TENURE
1.2 yrs

Fucun Wang

TITLE
Co-Vice Chairman
COMPENSATION
A$939K
AGE
54
TENURE
0.9 yrs

Helen Gillies

TITLE
Independent Non-Executive Director
COMPENSATION
A$217K
AGE
53
TENURE
1.3 yrs

Cunliang Lai

TITLE
Non-Executive Director
AGE
58
TENURE
14.5 yrs

Geoff Raby

TITLE
Independent Non-Executive Director
COMPENSATION
A$192K
AGE
64
TENURE
6.9 yrs

Fuqi Wang

TITLE
Non-Executive Director
AGE
54
TENURE
4.1 yrs

Xiangqian Wu

TITLE
Non-Executive Director
AGE
52
TENURE
2.1 yrs

Qingchun Zhao

TITLE
Non-Executive Director
AGE
50
TENURE
2.1 yrs

Xing Feng

TITLE
Non-Executive Director
AGE
44
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
07. Jan 19 Buy Gregory Fletcher Individual 28. Dec 18 28. Dec 18 117 HK$23.48 HK$2,747
07. Jan 19 Buy Baocai Zhang Individual 28. Dec 18 28. Dec 18 13,933 HK$23.48 HK$327,147
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.

News

Simply Wall St News

Company Info

Description

Yancoal Australia Ltd Engages in the exploration, development, production, and marketing of metallurgical and thermal coal in Japan, Singapore, China, South Korea, Taiwan, Thailand, Australia, and internationally. It owns 81% 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; 50% interests in the Middlemount mine located to the north-east of Emerald in Queensland's Bowen Basin; and 80% interests in the Mount Thorley mine and 84.5% interests in the Warkworth mine in the Hunter Valley region of New South Wales. It also manages five other projects in New South Wales, Queensland, and Western Australia. 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
3668
Exchange: SEHK
Founded: 2004
A$23,506,932,738
1,320,439,437
Website: http://www.yancoal.com.au
Address: Yancoal Australia Ltd
201 Sussex Street,
Level 18,
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
BST YA1 Ordinary Shares Boerse-Stuttgart DE EUR 14. Mar 2003
SEHK 3668 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 14. Mar 2003
Number of employees
Current staff
Staff numbers
4,000
Yancoal Australia employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 13:17
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/03/21
Last earnings filing: 2019/02/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.