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Hallador Energy

Nasdaq:HNRG
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HNRG
Nasdaq
$153M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Hallador Energy Company, through its subsidiaries, engages in the mining, production, and sale of steam coal for the electric power generation industry in the United States. The last earnings update was 36 days ago. More info.


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HNRG Share Price and Events
7 Day Returns
2%
NasdaqCM:HNRG
-0.7%
US Oil and Gas
0.4%
US Market
1 Year Returns
-27.4%
NasdaqCM:HNRG
-5.7%
US Oil and Gas
6.8%
US Market
HNRG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hallador Energy (HNRG) 2% -14.1% -3.1% -27.4% -0.8% -44.9%
US Oil and Gas -0.7% 2.5% 7.4% -5.7% 6.5% -27.9%
US Market 0.4% 2.6% 11% 6.8% 38.1% 45.7%
1 Year Return vs Industry and Market
  • HNRG underperformed the Oil and Gas industry which returned -5.7% over the past year.
  • HNRG underperformed the Market in United States of America which returned 6.8% over the past year.
Price Volatility
HNRG
Industry
5yr Volatility vs Market

Value

 Is Hallador Energy 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 Hallador Energy 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 Hallador Energy.

NasdaqCM:HNRG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NasdaqCM:HNRG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.931 (1 + (1- 21%) (118.3%))
1.537
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.54
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.537 * 5.96%)
11.89%

Discounted Cash Flow Calculation for NasdaqCM:HNRG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hallador Energy 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.

NasdaqCM:HNRG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.89%)
2019 47.00 Analyst x1 42.01
2020 45.00 Analyst x1 35.94
2021 44.00 Est @ -2.22% 31.41
2022 43.68 Est @ -0.73% 27.87
2023 43.81 Est @ 0.31% 24.98
2024 44.26 Est @ 1.03% 22.56
2025 44.95 Est @ 1.54% 20.47
2026 45.80 Est @ 1.9% 18.64
2027 46.78 Est @ 2.15% 17.02
2028 47.87 Est @ 2.32% 15.57
Present value of next 10 years cash flows $256.47
NasdaqCM:HNRG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $47.87 × (1 + 2.73%) ÷ (11.89% – 2.73%)
$536.87
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $536.87 ÷ (1 + 11.89%)10
$174.56
NasdaqCM:HNRG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $256.47 + $174.56
$431.03
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $431.03 / 30.24
$14.25
NasdaqCM:HNRG Discount to Share Price
Calculation Result
Value per share (USD) From above. $14.25
Current discount Discount to share price of $5.06
= -1 x ($5.06 - $14.25) / $14.25
64.5%

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

Current Discount
Amount off the current price Hallador Energy is available for.
Intrinsic value
>50%
Share price is $5.06 vs Future cash flow value of $14.25
Current Discount Checks
For Hallador Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hallador Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hallador Energy'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 Hallador Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hallador Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:HNRG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.25
NasdaqCM:HNRG Share Price ** NasdaqCM (2019-04-16) in USD $5.06
United States of America Oil and Gas Industry PE Ratio Median Figure of 107 Publicly-Listed Oil and Gas Companies 12.37x
United States of America Market PE Ratio Median Figure of 3,072 Publicly-Listed Companies 18.08x

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

** Primary Listing of Hallador Energy.

NasdaqCM:HNRG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:HNRG Share Price ÷ EPS (both in USD)

= 5.06 ÷ 0.25

20.46x

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

  • Hallador Energy is overvalued based on earnings compared to the US Oil and Gas industry average.
  • Hallador Energy is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Hallador Energy's expected growth come at a high price?
Raw Data
NasdaqCM:HNRG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
23.6%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 75 Publicly-Listed Oil and Gas Companies 0.66x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.56x

*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 Hallador Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hallador Energy's assets?
Raw Data
NasdaqCM:HNRG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $8.43
NasdaqCM:HNRG Share Price * NasdaqCM (2019-04-16) in USD $5.06
United States of America Oil and Gas Industry PB Ratio Median Figure of 191 Publicly-Listed Oil and Gas Companies 1.14x
United States of America Market PB Ratio Median Figure of 5,176 Publicly-Listed Companies 1.91x
NasdaqCM:HNRG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:HNRG Share Price ÷ Book Value per Share (both in USD)

= 5.06 ÷ 8.43

0.6x

* Primary Listing of Hallador Energy.

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

  • Hallador Energy is good value based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess Hallador Energy'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. Hallador Energy 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.

Future Performance

 How is Hallador Energy expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Hallador Energy, future earnings growth has been estimated based on fundamentals.
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
23.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hallador Energy expected to grow at an attractive rate?
  • Hallador Energy's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Hallador Energy's earnings growth is expected to exceed the United States of America market average.
  • Hallador Energy's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:HNRG Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:HNRG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 23.6%
NasdaqCM:HNRG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 3.4%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 10.5%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 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
NasdaqCM:HNRG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:HNRG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 332 1
2020-12-31 332 1
2019-12-31 339 1
NasdaqCM:HNRG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 293 52 7
2018-09-30 272 44 26
2018-06-30 267 53 27
2018-03-31 272 60 27
2017-12-31 270 66 32
2017-09-30 269 65 8
2017-06-30 261 54 8
2017-03-31 266 57 13
2016-12-31 279 61 12
2016-09-30 275 62 17
2016-06-30 291 67 17
2016-03-31 320 92 18

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hallador Energy's earnings are expected to grow significantly at over 20% yearly.
  • Hallador Energy's revenue is expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).
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
NasdaqCM:HNRG 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 1 Analyst Estimates (S&P Global) See Below

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

NasdaqCM:HNRG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
NasdaqCM:HNRG Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.25
2018-09-30 0.86
2018-06-30 0.89
2018-03-31 0.90
2017-12-31 1.08
2017-09-30 0.26
2017-06-30 0.27
2017-03-31 0.46
2016-12-31 0.42
2016-09-30 0.57
2016-06-30 0.60
2016-03-31 0.63

*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 Hallador Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Hallador Energy'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Hallador Energy has a total score of 3/6, 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 Hallador Energy 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 Hallador Energy'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.
  • Hallador Energy's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Hallador Energy's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Hallador Energy's 1-year earnings growth is negative, it can't be compared to the US Oil and Gas industry average.
Earnings and Revenue History
Hallador Energy'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 Hallador Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:HNRG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 293.27 7.44 11.53
2018-09-30 271.69 25.68 11.37
2018-06-30 266.53 26.61 13.08
2018-03-31 272.37 26.90 17.14
2017-12-31 269.54 32.05 15.83
2017-09-30 269.44 7.57 15.61
2017-06-30 261.39 8.00 15.54
2017-03-31 265.96 13.40 11.81
2016-12-31 278.92 12.21 12.19
2016-09-30 275.14 16.60 12.89
2016-06-30 291.38 17.38 13.34
2016-03-31 320.19 18.39 13.79
2015-12-31 339.49 19.68 14.66
2015-09-30 376.38 28.03 15.28
2015-06-30 359.29 17.51 15.13
2015-03-31 300.18 13.77 14.82
2014-12-31 235.65 9.84 13.40
2014-09-30 169.38 4.76 11.85
2014-06-30 139.82 15.12 11.29
2014-03-31 138.34 20.35 10.15
2013-12-31 139.44 22.42 10.03
2013-09-30 137.98 23.47 9.79
2013-06-30 138.82 24.83 9.84
2013-03-31 136.46 23.12 10.23
2012-12-31 131.67 23.81 9.99
2012-09-30 136.11 27.32 9.90
2012-06-30 133.90 33.69 8.62

*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.
  • Hallador Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hallador Energy used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • Hallador Energy's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hallador Energy'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.
Hallador Energy has a total score of 1/6, 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 Hallador Energy'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 Hallador Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hallador Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hallador Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hallador Energy'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 Hallador Energy Company Filings, last reported 3 months ago.

NasdaqCM:HNRG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 258.87 181.05 17.83
2018-09-30 257.39 192.02 19.28
2018-06-30 255.32 192.11 12.71
2018-03-31 256.19 188.15 17.74
2017-12-31 249.32 198.94 15.89
2017-09-30 228.98 207.24 14.07
2017-06-30 225.41 221.53 15.37
2017-03-31 223.93 227.64 20.92
2016-12-31 216.89 233.74 18.87
2016-09-30 222.22 232.65 14.52
2016-06-30 218.33 243.75 17.87
2016-03-31 212.45 249.86 15.23
2015-12-31 206.82 244.36 17.27
2015-09-30 207.35 268.53 20.93
2015-06-30 202.77 279.67 18.13
2015-03-31 197.01 294.25 13.47
2014-12-31 189.88 306.35 15.13
2014-09-30 182.89 345.63 23.74
2014-06-30 188.99 16.00 22.78
2014-03-31 186.17 16.00 19.90
2013-12-31 182.12 16.00 16.23
2013-09-30 179.70 11.40 13.71
2013-06-30 175.32 11.40 14.84
2013-03-31 168.25 11.40 18.40
2012-12-31 162.01 11.40 21.89
2012-09-30 163.30 10.00 30.21
2012-06-30 170.69 12.50 36.26
  • Hallador Energy's level of debt (69.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (8.8% vs 69.9% today).
  • Debt is well covered by operating cash flow (28.5%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Hallador Energy'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. Hallador Energy has a total score of 2/6, 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 Hallador Energy'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
3.16%
Current annual income from Hallador Energy dividends.
If you bought $2,000 of Hallador Energy shares you are expected to receive $63 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?
  • Hallador Energy's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
  • Hallador Energy's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
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
NasdaqCM:HNRG 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 1 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 65 Stocks 3.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:HNRG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
NasdaqCM:HNRG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-17 0.160 2.979
2018-10-16 0.160 2.842
2018-07-16 0.160 2.562
2018-04-17 0.160 2.270
2018-01-16 0.160 2.408
2017-10-17 0.160 2.763
2017-07-17 0.160 2.667
2017-04-17 0.160 2.138
2017-01-17 0.160 1.868
2016-10-17 0.160 1.770
2016-07-19 0.160 2.528
2016-04-19 0.160 3.558
2016-01-19 0.160 3.323
2015-10-16 0.160 2.832
2015-07-15 0.160 2.211
2015-04-16 0.160 1.718
2015-01-15 0.160 1.360
2014-10-15 0.160 1.434
2014-07-15 0.160 1.273
2014-04-15 0.160 1.701
2014-01-15 0.160 1.932
2013-10-15 0.160 2.114
2013-07-15 0.160 2.153
2013-04-05 0.160 2.130
2012-12-04 0.800 10.281
2012-08-01 0.640 7.656
2012-03-05 0.140 1.737
2012-03-02 0.120 1.262
2012-01-17 0.120 1.188
2011-11-07 0.120 1.224
2011-05-25 0.120 1.296

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

  • Hallador Energy has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Hallador Energy only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Hallador Energy's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x 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.
X
Income/ dividend checks
We assess Hallador Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Hallador Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hallador Energy 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.

Management

 What is the CEO of Hallador Energy'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
Brent Bilsland
COMPENSATION $4,443,935
AGE 44
TENURE AS CEO 5.3 years
CEO Bio

Mr. Brent K. Bilsland has been the Chief Executive Officer of Hallador Energy Company since January 24, 2014 and its President since September 2009. Mr. Bilsland was the President of Sunrise Coal, LLC, a subsidiary of Hallador Energy Company (also known as Hallador Petroleum Co.) from July 31, 2006 to November 3, 2017 and also served as its Chief Executive Officer. He has been Chairman of the Hallador Energy Company since March 2018. He served as a Vice President of Knapper Corporation, a family owned farming business from 1998 to 2004. He has been a Member of Board of Managers of Sunrise Coal, LLC since July 31, 2006 and Hallador Energy Company since September 2009. Mr. Bilsland is a Graduate of Butler University located in Indianapolis, Indiana.

CEO Compensation
  • Brent's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Brent's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Hallador Energy management team in years:

3
Average Tenure
49
Average Age
  • The tenure for the Hallador Energy management team is about average.
Management Team

Brent Bilsland

TITLE
President
COMPENSATION
$4M
AGE
44
TENURE
5.3 yrs

Larry Martin

TITLE
Executive VP & CFO
COMPENSATION
$3M
AGE
53
TENURE
3 yrs

R. Davis

TITLE
Senior VP & Chief Accounting Officer
AGE
45
TENURE
0.1 yrs

Rebecca Palumbo

TITLE
Director - Investor Relations

Andy Bishop

TITLE
Consultant
COMPENSATION
$406K
AGE
65
TENURE
3 yrs
Board of Directors Tenure

Average tenure and age of the Hallador Energy board of directors in years:

12.3
Average Tenure
63.5
Average Age
  • The average tenure for the Hallador Energy board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Brent Bilsland

TITLE
President
COMPENSATION
$4M
AGE
44
TENURE
1.1 yrs

David Hardie

TITLE
Director
COMPENSATION
$7K
AGE
67
TENURE
29.8 yrs

Steven Hardie

TITLE
Director
AGE
64
TENURE
25.3 yrs

Bryan Lawrence

TITLE
Director
AGE
76
TENURE
23.4 yrs

David Lubar

TITLE
Director
AGE
63
TENURE
0.7 yrs

Charles Wesley

TITLE
Director
AGE
39
TENURE
0.7 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 ($) Value ($)
16. Nov 18 Buy Charles Wesley Individual 13. Nov 18 13. Nov 18 8,347 $6.02 $50,282
X
Management checks
We assess Hallador Energy'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. Hallador Energy 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

Some Hallador Energy (NASDAQ:HNRG) Shareholders Are Down 44%

At this point some shareholders may be questioning their investment in Hallador Energy Company (NASDAQ:HNRG), since the last five years saw the share price fall 44%. … Unfortunately the share price momentum is still quite negative, with prices down 11% in thirty days. … During the five years over which the share price declined, Hallador Energy's earnings per share (EPS) dropped by 21% each year.

Simply Wall St -

Do Insiders Own Shares In Hallador Energy Company (NASDAQ:HNRG)?

A look at the shareholders of Hallador Energy Company (NASDAQ:HNRG) can tell us which group is most powerful. … Hallador Energy is not a large company by global standards. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

Read This Before Buying Hallador Energy Company (NASDAQ:HNRG) For Its Dividend

Historically, Hallador Energy Company (NASDAQ:HNRG) has paid dividends to shareholders, and these days it yields 2.9%. … Does Hallador Energy tick all the boxes of a great dividend stock? … View our latest analysis for Hallador Energy

Simply Wall St -

Do You Know What Hallador Energy Company's (NASDAQ:HNRG) P/E Ratio Means?

To keep it practical, we'll show how Hallador Energy Company's (NASDAQ:HNRG) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Hallador Energy's P/E ratio is 6.55. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Why Hallador Energy Company’s (NASDAQ:HNRG) Return On Capital Employed Looks Uninspiring

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Should You Worry About Hallador Energy Company's (NASDAQ:HNRG) CEO Pay Cheque?

Brent Bilsland has been the CEO of Hallador Energy Company (NASDAQ:HNRG) since 2014. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Brent Bilsland's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Is Hallador Energy Company's (NASDAQ:HNRG) Balance Sheet Strong Enough To Weather A Storm?

While small-cap stocks, such as Hallador Energy Company (NASDAQ:HNRG) with its market cap of US$159m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Do Insiders Own Shares In Hallador Energy Company (NASDAQ:HNRG)?

The big shareholder groups in Hallador Energy Company (NASDAQ:HNRG) have power over the company. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Hallador Energy is a smaller company with a market capitalization of US$150m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

How Many Insiders Bought Hallador Energy Company (NASDAQ:HNRG) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Hallador Energy Company (NASDAQ:HNRG). … The Last 12 Months Of Insider Transactions At Hallador Energy. … That means that an insider was happy to buy shares at above the current price.

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand Hallador Energy Company (NASDAQ:HNRG)

To keep it practical, we'll show how Hallador Energy Company's (NASDAQ:HNRG) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Hallador Energy's P/E ratio is 6.89. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Company Info

Description

Hallador Energy Company, through its subsidiaries, engages in the mining, production, and sale of steam coal for the electric power generation industry in the United States. The company holds interests in the Oaktown 1 mine underground mine located in Knox County, Indiana; the Oaktown 2 mine located in Knox County, Indiana and Lawrence County, Illinois; Carlisle underground coal mine located near the town of Carlisle, Indiana; and Ace in the Hole mine located near Clay City, Indiana. It is also involved in gas exploration activities in Indiana. The company was founded in 1949 and is headquartered in Denver, Colorado.

Details
Name: Hallador Energy Company
HNRG
Exchange: NasdaqCM
Founded: 1949
$153,037,670
30,244,599
Website: http://www.halladorenergy.com
Address: Hallador Energy Company
1660 Lincoln Street,
Suite 2700,
Denver,
Colorado, 80264,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM HNRG Common Stock Nasdaq Capital Market US USD 15. Dec 1989
DB H7H Common Stock Deutsche Boerse AG DE EUR 15. Dec 1989
Number of employees
Current staff
Staff numbers
848
Hallador Energy employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/16 23:38
End of day share price update: 2019/04/16 00:00
Last estimates confirmation: 2019/03/15
Last earnings filing: 2019/03/11
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.