Hallador Energy (NasdaqCM:HNRG) - Share price, News & Analysis

HNRG fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	1/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

HNRG Stock Overview

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry.

Rewards

Trading at 66.1% below our estimate of its fair value

Revenue is forecast to grow 11.47% per year

Risk Analysis

Earnings have declined by 46.2% per year over past 5 years

Has a high level of debt

Volatile share price over the past 3 months

Hallador Energy Competitors

Peabody Energy

NYSE:BTU

US$3.2b

Arch Resources

NYSE:ARCH

US$2.6b

Alliance Resource Partners

NasdaqGS:ARLP

US$2.4b

CONSOL Energy

NYSE:CEIX

US$1.8b

Price History & Performance

Summary of all time highs, changes and price drops for Hallador Energy
Historical stock prices
Current Share Price	US$4.26
52 Week High	US$6.17
52 Week Low	US$1.99
Beta	0.57
1 Month Change	-5.54%
3 Month Change	18.66%
1 Year Change	100.94%
3 Year Change	-26.42%
5 Year Change	-44.02%
Change since IPO	70.40%

Recent News & Updates

Apr 08

Hallador's Free Cash Flow And Renewable Energy Investments

Hallador produces coal in the Illinois Basin for the electric power generation industry. The company is also investing in the renewable sector. Among the most beneficial features of Hallador, I appreciate the fact that the company already reports sales contracts for the years 2022, 2023, and 2024. I am also quite optimistic about the expectations of management about future acquisitions and capital expenditures.

Shareholder Returns

	HNRG	US Oil and Gas	US Market
7D	-1.4%	4.1%	0.1%
1Y	100.9%	51.9%	-12.7%

Return vs Industry: HNRG exceeded the US Oil and Gas industry which returned 53% over the past year.

Return vs Market: HNRG exceeded the US Market which returned -11.5% over the past year.

Price Volatility

Is HNRG's price volatile compared to industry and market?
HNRG volatility
HNRG Average Weekly Movement	13.4%
Oil and Gas Industry Average Movement	8.6%
Market Average Movement	8.0%
10% most volatile stocks in US Market	17.0%
10% least volatile stocks in US Market	3.0%

Stable Share Price: HNRG is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: HNRG's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

Founded	Employees	CEO	Website
1949	805	Brent Bilsland	https://halladorenergy.com

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown, Indiana; and Ace in the Hole mine located near Clay City, Indiana. It is also involved in gas exploration activities in Indiana.

Hallador Energy Fundamentals Summary

How do Hallador Energy's earnings and revenue compare to its market cap?
HNRG fundamental statistics
Market Cap	US$130.53m
Earnings (TTM)	-US$3.72m
Revenue (TTM)	US$247.67m

0.5x

P/S Ratio

-35.3x

P/E Ratio

Is HNRG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
HNRG income statement (TTM)
Revenue	US$247.67m
Cost of Revenue	US$198.84m
Gross Profit	US$48.83m
Other Expenses	US$52.55m
Earnings	-US$3.72m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.12
Gross Margin	19.71%
Net Profit Margin	-1.50%
Debt/Equity Ratio	58.3%

How did HNRG perform over the long term?

See historical performance and comparison

Valuation

Is Hallador Energy undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: HNRG ($4.24) is trading below our estimate of fair value ($12.52)

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

Price To Earnings Ratio

PE vs Industry: HNRG is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.

PE vs Market: HNRG is unprofitable, so we can't compare its PE Ratio to the US market.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HNRG's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: HNRG is good value based on its PB Ratio (0.7x) compared to the US Oil and Gas industry average (2x).

Future Growth

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

Future Growth Score

1/6

Future Growth Score 1/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

11.5%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if HNRG's forecast earnings growth is above the savings rate (1.9%).

Earnings vs Market: Insufficient data to determine if HNRG's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: HNRG's revenue (11.5% per year) is forecast to grow faster than the US market (7.8% per year).

High Growth Revenue: HNRG's revenue (11.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if HNRG's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Hallador Energy performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-46.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HNRG is currently unprofitable.

Growing Profit Margin: HNRG is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: HNRG is unprofitable, and losses have increased over the past 5 years at a rate of 46.2% per year.

Accelerating Growth: Unable to compare HNRG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HNRG is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (88.4%).

Return on Equity

High ROE: HNRG has a negative Return on Equity (-2.02%), as it is currently unprofitable.

Financial Health

How is Hallador Energy's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: HNRG's short term assets ($39.2M) do not cover its short term liabilities ($64.6M).

Long Term Liabilities: HNRG's short term assets ($39.2M) do not cover its long term liabilities ($103.1M).

Debt to Equity History and Analysis

Debt Level: HNRG's net debt to equity ratio (57%) is considered high.

Reducing Debt: HNRG's debt to equity ratio has reduced from 107.7% to 58.3% over the past 5 years.

Debt Coverage: HNRG's debt is well covered by operating cash flow (44.2%).

Interest Coverage: Insufficient data to determine if HNRG's interest payments on its debt are well covered by EBIT.

Balance Sheet

Dividend

What is Hallador Energy current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate HNRG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate HNRG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if HNRG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HNRG's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: HNRG is not paying a notable dividend for the US market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as HNRG has not reported any payouts.

Discover strong dividend paying companies

Management

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

6.1yrs

Average management tenure

CEO

Brent Bilsland (47 yo)

12.67yrs

Tenure

US$511,600

Compensation

Mr. Brent K. Bilsland has been the Chief Executive Officer of Hallador Energy Company since January 24, 2014 and its President and Director since September 2009. Mr. Bilsland was the President of Sunrise C...

CEO Compensation Analysis

Compensation vs Market: Brent's total compensation ($USD511.60K) is below average for companies of similar size in the US market ($USD770.27K).

Compensation vs Earnings: Brent's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: HNRG's management team is seasoned and experienced (6.1 years average tenure).

Board Members

Experienced Board: HNRG's board of directors are seasoned and experienced ( 19.6 years average tenure).

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.

Ownership Breakdown

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

Data	Last Updated (UTC time)
Company Analysis	2022/05/20 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31