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Whitehaven Coal

OTCPK:WHIT.F
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WHIT.F
OTCPK
A$5B
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Whitehaven Coal Limited develops and operates coal mines in New South Wales. The last earnings update was 8 days ago. More info.


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WHIT.F Share Price and Events
7 Day Returns
0%
OTCPK:WHIT.F
2.4%
US Oil and Gas
1.4%
US Market
1 Year Returns
-5.2%
OTCPK:WHIT.F
0%
US Oil and Gas
2.3%
US Market
WHIT.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Whitehaven Coal (WHIT.F) 0% 3.8% 1.9% -5.2% 876.1% 98.2%
US Oil and Gas 2.4% 5% 2.3% 0% 21.9% -23.8%
US Market 1.4% 5.6% 5.7% 2.3% 44.2% 40.9%
1 Year Return vs Industry and Market
  • WHIT.F underperformed the Oil and Gas industry which returned 0% over the past year.
  • WHIT.F underperformed the Market in United States of America which returned 2.3% over the past year.
Price Volatility
WHIT.F
Industry
5yr Volatility vs Market

WHIT.F Value

 Is Whitehaven Coal 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 Whitehaven Coal 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    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Whitehaven Coal.

OTCPK:WHIT.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10%
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 OTCPK:WHIT.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.933 (1 + (1- 30%) (11.06%))
1.005
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.005 * 7.27%)
10.04%

Discounted Cash Flow Calculation for OTCPK:WHIT.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Whitehaven Coal is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:WHIT.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (AUD, Millions) 803.74 487.52 470.60 550.60 638.70
Source Analyst x9 Analyst x6 Analyst x4 Est @ 17%, capped from 28.27% Est @ 16%, capped from 28.27%
Present Value
Discounted (@ 10.04%)
730.42 402.62 353.19 375.54 395.88
Present value of next 5 years cash flows A$2,257.65
OTCPK:WHIT.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= A$638.70 × (1 + 2.73%) ÷ (10.04% – 2.73%)
A$8,977.14
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= A$8,977.14 ÷ (1 + 10.04%)5
A$5,564.24
OTCPK:WHIT.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= A$2,257.65 + A$5,564.24
A$7,821.89
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$7,821.89 / 992.03
A$5.63
OTCPK:WHIT.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:WHIT.F represents 0.71397x of ASX:WHC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.71397x
Value per Share
(Listing Adjusted, USD)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 7.88 x 0.71397
$5.63
Value per share (USD) From above. $5.63
Current discount Discount to share price of $3.27
= -1 x ($3.27 - $5.63) / $5.63
41.9%

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

Current Discount
Amount off the current price Whitehaven Coal is available for.
Intrinsic value
42%
Share price is $3.27 vs Future cash flow value of $5.63
Current Discount Checks
For Whitehaven Coal to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Whitehaven Coal's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Whitehaven Coal'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 Whitehaven Coal's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Whitehaven Coal's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:WHIT.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.58
ASX:WHC Share Price ** ASX (2019-02-13) in AUD A$4.58
United States of America Oil and Gas Industry PE Ratio Median Figure of 91 Publicly-Listed Oil and Gas Companies 12.61x
United States of America Market PE Ratio Median Figure of 3,045 Publicly-Listed Companies 17.39x

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

** Primary Listing of Whitehaven Coal.

OTCPK:WHIT.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 4.58 ÷ 0.58

7.87x

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

  • Whitehaven Coal is good value based on earnings compared to the US Oil and Gas industry average.
  • Whitehaven Coal is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Whitehaven Coal's expected growth come at a high price?
Raw Data
OTCPK:WHIT.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
-17.6%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 64 Publicly-Listed Oil and Gas Companies 0.53x
United States of America Market PEG Ratio Median Figure of 2,118 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

OTCPK:WHIT.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.87x ÷ -17.6%

-0.45x

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

  • Whitehaven Coal 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 Whitehaven Coal's assets?
Raw Data
OTCPK:WHIT.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$3.54
ASX:WHC Share Price * ASX (2019-02-13) in AUD A$4.58
United States of America Oil and Gas Industry PB Ratio Median Figure of 194 Publicly-Listed Oil and Gas Companies 1.13x
United States of America Market PB Ratio Median Figure of 5,129 Publicly-Listed Companies 1.87x
OTCPK:WHIT.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 4.58 ÷ 3.54

1.29x

* Primary Listing of Whitehaven Coal.

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

  • Whitehaven Coal is overvalued based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess Whitehaven Coal'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. Whitehaven Coal has a total score of 4/6, 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.

WHIT.F Future Performance

 How is Whitehaven Coal expected to perform in the next 1 to 3 years based on estimates from 15 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
-17.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Whitehaven Coal expected to grow at an attractive rate?
  • Whitehaven Coal's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Whitehaven Coal's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Whitehaven Coal's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:WHIT.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:WHIT.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts -17.6%
OTCPK:WHIT.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts -3.9%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 10.3%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
OTCPK:WHIT.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:WHIT.F Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 2,190 312 2
2022-06-30 2,421 679 404 3
2021-06-30 2,227 616 405 12
2020-06-30 2,235 672 453 13
2019-06-30 2,582 968 629 13
OTCPK:WHIT.F Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 2,386 851 575
2018-09-30 2,325 841 550
2018-06-30 2,264 831 526
2018-03-31 2,184 828 515
2017-12-31 2,104 797 505
2017-09-30 1,942 702 456
2017-06-30 1,781 608 406
2017-03-31 1,601 483 288
2016-12-31 1,422 359 170
2016-09-30 1,297 265 95
2016-06-30 1,173 172 20
2016-03-31 1,073 167 -112

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Whitehaven Coal's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Whitehaven Coal'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
OTCPK:WHIT.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Whitehaven Coal Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:WHIT.F Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30 0.32 0.32 0.32 1.00
2022-06-30 0.40 0.47 0.33 2.00
2021-06-30 0.41 0.52 0.32 10.00
2020-06-30 0.48 0.59 0.38 11.00
2019-06-30 0.62 0.72 0.56 13.00
OTCPK:WHIT.F Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.58
2018-09-30 0.56
2018-06-30 0.53
2018-03-31 0.52
2017-12-31 0.51
2017-09-30 0.46
2017-06-30 0.41
2017-03-31 0.29
2016-12-31 0.17
2016-09-30 0.10
2016-06-30 0.02
2016-03-31 -0.11

*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.
  • Whitehaven Coal is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Whitehaven Coal'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.
Whitehaven Coal 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.

WHIT.F Past Performance

  How has Whitehaven Coal 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 Whitehaven Coal'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.
  • Whitehaven Coal has delivered over 20% year on year earnings growth in the past 5 years.
  • Whitehaven Coal's 1-year earnings growth is less than its 5-year average (13.9% vs 64.1%)
  • Whitehaven Coal's earnings growth has not exceeded the US Oil and Gas industry average in the past year (13.9% vs 63.7%).
Earnings and Revenue History
Whitehaven Coal'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 Whitehaven Coal Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:WHIT.F 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 2,386.10 575.21 320.91
2018-09-30 2,325.16 550.39 324.93
2018-06-30 2,264.21 525.58 328.96
2018-03-31 2,184.05 514.86 335.32
2017-12-31 2,103.88 505.15 346.36
2017-09-30 1,942.41 455.80 343.75
2017-06-30 1,780.94 406.45 341.13
2017-03-31 1,601.23 288.30 347.25
2016-12-31 1,421.53 170.15 353.38
2016-09-30 1,297.16 95.32 348.83
2016-06-30 1,172.79 20.49 344.28
2016-03-31 1,072.96 -112.22 310.95
2015-12-31 973.13 -244.93 277.61
2015-09-30 873.56 -287.78 252.86
2015-06-30 774.00 -330.63 228.10
2015-03-31 751.55 -217.62 218.54
2014-12-31 729.10 -104.61 208.97
2014-09-30 742.25 -71.50 210.55
2014-06-30 755.41 -38.39 212.13
2014-03-31 751.15 -45.06 214.19
2013-12-31 746.89 -51.73 216.25
2013-09-30 684.52 -70.20 198.48
2013-06-30 622.16 -88.68 180.70
2013-03-31 590.31 -47.30 148.88
2012-12-31 558.46 -5.93 117.05
2012-09-30 588.27 28.31 102.83
2012-06-30 618.09 62.54 88.61
2012-03-31 631.19 63.74 90.49

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

WHIT.F Health

 How is Whitehaven Coal'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 Whitehaven Coal's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Whitehaven Coal is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Whitehaven Coal's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Whitehaven Coal'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 0.8x 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 Whitehaven Coal Company Filings, last reported 1 month ago.

OTCPK:WHIT.F Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,503.22 502.56 89.20
2018-09-30 3,503.22 502.56 89.20
2018-06-30 3,489.82 382.47 111.78
2018-03-31 3,489.82 382.47 111.78
2017-12-31 3,350.20 245.94 98.61
2017-09-30 3,350.20 245.94 98.61
2017-06-30 3,292.30 398.86 87.14
2017-03-31 3,292.30 398.86 87.14
2016-12-31 3,043.95 735.46 106.78
2016-09-30 3,043.95 735.46 106.78
2016-06-30 2,888.72 941.82 101.45
2016-03-31 2,888.72 941.82 101.45
2015-12-31 2,876.58 1,037.82 112.00
2015-09-30 2,876.58 1,037.82 112.00
2015-06-30 2,865.03 1,039.24 102.39
2015-03-31 2,865.03 1,039.24 102.39
2014-12-31 3,118.12 1,000.13 111.55
2014-09-30 3,118.12 1,000.13 111.55
2014-06-30 3,206.54 788.86 103.17
2014-03-31 3,206.54 788.86 103.17
2013-12-31 3,231.42 654.66 97.98
2013-09-30 3,231.42 654.66 97.98
2013-06-30 3,240.62 582.08 110.64
2013-03-31 3,240.62 582.08 110.64
2012-12-31 3,293.10 487.53 83.21
2012-09-30 3,293.10 487.53 83.21
2012-06-30 3,424.27 489.45 526.80
2012-03-31 3,424.27 489.45 526.80
  • Whitehaven Coal's level of debt (14.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (20.3% vs 14.3% today).
  • Debt is well covered by operating cash flow (169.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 59.7x coverage).
X
Financial health checks
We assess Whitehaven Coal'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. Whitehaven Coal has a total score of 5/6, 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.

WHIT.F Dividends

 What is Whitehaven Coal'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
10.48%
Current annual income from Whitehaven Coal dividends. Estimated to be 6.8% next year.
If you bought $2,000 of Whitehaven Coal shares you are expected to receive $210 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?
  • Whitehaven Coal's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Whitehaven Coal's dividend is above the markets top 25% of dividend payers in United States of America (3.54%).
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
OTCPK:WHIT.F 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 15 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 61 Stocks 3.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2001 Stocks 2.5%
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 3.5%

Industry and Market average data is calculated daily.

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

OTCPK:WHIT.F Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.18 2.00
2022-06-30 0.20 3.00
2021-06-30 0.21 12.00
2020-06-30 0.30 16.00
2019-06-30 0.44 15.00
OTCPK:WHIT.F Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-14 0.480 10.532
2018-08-13 0.410 8.501
2018-02-15 0.260 5.299
2017-11-03 0.060 1.411
2014-02-25 0.000 0.000
2013-08-27 0.000 0.000
2012-09-13 0.030 1.191
2012-08-23 0.030 0.954
2012-02-15 0.000 0.000
2011-08-23 0.082 1.460
2010-08-24 0.056 0.870
2009-08-25 0.120 2.591
2009-02-27 0.050 2.178
2009-02-23 0.017 1.105

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Whitehaven Coal's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Whitehaven Coal'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 Whitehaven Coal afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Whitehaven Coal has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

WHIT.F Management

 What is the CEO of Whitehaven Coal'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
Paul Flynn
COMPENSATION A$4,647,291
TENURE AS CEO 5.9 years
CEO Bio

Mr. Paul J. Flynn, BComm, FCA, has been the Chief Executive Officer and Managing Director of Whitehaven Coal Limited since March 25, 2013. Mr. Flynn served as the Chief Executive Officer and Managing Director of the Tinkler Group. He served as the Managing Partner of Ernst & Young's Sydney office and a member of its Oceania executive team. As a partner for over eight years, he managed many of the largest mining and energy clients across Australia, Asia, South and North America. He has extensive experience in the mining, infrastructure, construction and energy sectors gained through 20 years as a professional advisor at Ernst & Young. He has been a Director of Whitehaven Coal Limited since May 3, 2012. Mr. Flynn has been a Director of Boardwalk Resources Pty Limited since June 17, 2011. He served as a Director at NCIG Holdings Pty Ltd. until January 21, 2016.

CEO Compensation
  • Paul's compensation has increased by more than 20% in the past year.
  • Paul's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Whitehaven Coal management team in years:

5.9
Average Tenure
  • The average tenure for the Whitehaven Coal management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Paul Flynn

TITLE
MD, CEO & Director
COMPENSATION
A$5M
TENURE
5.9 yrs

Kevin Ball

TITLE
CFO & Executive General Manager of Human Resources
COMPENSATION
A$2M
TENURE
5.2 yrs

Jamie Frankcombe

TITLE
Chief Operating Officer
COMPENSATION
A$3M
TENURE
6 yrs

Tim Burt

TITLE
General Counsel & Company Secretary
COMPENSATION
A$2M
TENURE
9.6 yrs

Scott Knights

TITLE
Executive General Manager of Marketing & Logistics
COMPENSATION
A$1M
TENURE
4.5 yrs

Brian Cole

TITLE
Executive General Manager of Project Delivery
COMPENSATION
A$2M
TENURE
6.7 yrs

Michael Maanen

TITLE
Executive General Manager of Corporate & External Affairs
COMPENSATION
A$371K
TENURE
0.8 yrs

Ian McAleese

TITLE
General Manager of Investor Relations
AGE
65

Paul Verner

TITLE
Group Treasurer
Board of Directors Tenure

Average tenure and age of the Whitehaven Coal board of directors in years:

6.1
Average Tenure
62
Average Age
  • The tenure for the Whitehaven Coal board of directors is about average.
Board of Directors

Mark Anthony Vaile

TITLE
Chairman of the Board
COMPENSATION
A$395K
AGE
62
TENURE
6.8 yrs

Paul Flynn

TITLE
MD, CEO & Director
COMPENSATION
A$5M
TENURE
6.8 yrs

John Conde

TITLE
Deputy Chairman of the Board
COMPENSATION
A$283K
AGE
70
TENURE
6.8 yrs

Julie Beeby

TITLE
Independent Non-Executive Director
COMPENSATION
A$183K
TENURE
3.6 yrs

Fiona Robertson

TITLE
Independent Non-Executive Director
COMPENSATION
A$74K
AGE
62
TENURE
1 yrs

Ray Zage

TITLE
Non-Executive Director
TENURE
5.5 yrs

Lindsay Ward

TITLE
Independent Non-Executive Director
AGE
54
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Whitehaven Coal insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
19. Feb 19 Buy Fiona Robertson Individual 18. Feb 19 18. Feb 19 6,560 $3.26 $21,358
15. Feb 19 Sell Vinva Investment Management Company 12. Feb 19 13. Feb 19 -29,653 $3.36 $-99,515
13. Feb 19 Buy Vinva Investment Management Company 08. Feb 19 11. Feb 19 16,162 $3.31 $53,563
11. Feb 19 Sell Vinva Investment Management Company 07. Feb 19 07. Feb 19 -25,696 $3.50 $-89,907
08. Feb 19 Sell Vinva Investment Management Company 02. Feb 19 06. Feb 19 -1,093 $3.49 $-3,815
08. Feb 19 Buy Vinva Investment Management Company 02. Feb 19 06. Feb 19 33,970 $3.49 $118,559
05. Feb 19 Sell Vinva Investment Management Company 13. Dec 18 01. Feb 19 -760,705 $3.50 $-2,659,370
05. Feb 19 Buy Vinva Investment Management Company 13. Dec 18 01. Feb 19 746,292 $3.27 $2,443,107
14. Dec 18 Sell Vinva Investment Management Company 05. Sep 18 12. Dec 18 -4,612,225 $3.87 $-17,861,298
14. Dec 18 Buy Vinva Investment Management Company 05. Sep 18 12. Dec 18 5,948,844 $3.24 $19,292,387
26. Nov 18 Buy Paul Flynn Individual 26. Nov 18 26. Nov 18 23,500 $3.04 $71,403
22. Nov 18 Buy Mark Anthony Vaile Individual 20. Nov 18 20. Nov 18 4,935 $3.22 $15,908
17. Sep 18 Sell John Conde Individual 12. Sep 18 12. Sep 18 -60,000 $3.70 $-222,190
14. Sep 18 Sell Mark Anthony Vaile Individual 07. Sep 18 14. Sep 18 -423,865 $3.53 $-1,497,080
14. Sep 18 Sell Paul Flynn Individual 07. Sep 18 13. Sep 18 -668,875 $3.58 $-2,393,169
10. Sep 18 Sell Mark Anthony Vaile Individual 03. Sep 18 03. Sep 18 -126,135 $3.71 $-467,479
06. Sep 18 Sell Vinva Investment Management Company 25. Aug 18 04. Sep 18 -1,346,226 $3.39 $-4,565,499
06. Sep 18 Buy Vinva Investment Management Company 25. Aug 18 04. Sep 18 267,777 $3.60 $963,345
04. Sep 18 Buy John Conde Individual 28. Aug 18 28. Aug 18 120,000 $3.72 $445,939
28. Aug 18 Sell Vinva Investment Management Company 19. May 18 24. Aug 18 -7,222,274 $4.06 $-29,305,684
28. Aug 18 Buy Vinva Investment Management Company 19. May 18 24. Aug 18 7,790,478 $3.88 $30,237,143
20. Aug 18 Buy Mark Anthony Vaile Individual 16. Aug 18 16. Aug 18 4,500 $3.70 $16,640
20. Aug 18 Buy Fiona Robertson Individual 16. Aug 18 16. Aug 18 5,000 $3.72 $18,598
26. Jun 18 Sell Eastspring Investments (Singapore) Limited Company 15. Jan 18 25. Jun 18 -22,843,608 $3.97 $-90,586,784
26. Jun 18 Buy Eastspring Investments (Singapore) Limited Company 19. Jan 18 15. Jun 18 5,155,927 $3.35 $17,279,032
22. May 18 Sell Vinva Investment Management Company 15. Feb 18 18. May 18 -1,796,224 $3.74 $-6,722,986
22. May 18 Buy Vinva Investment Management Company 15. Feb 18 18. May 18 1,134,572 $3.36 $3,815,931
22. Feb 18 Buy Anthony Haggarty Individual 19. Feb 18 20. Feb 18 9,000,000 $3.41 $30,700,557
22. Feb 18 Buy Fiona Robertson Individual 21. Feb 18 21. Feb 18 10,000 $3.49 $34,853
X
Management checks
We assess Whitehaven Coal'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. Whitehaven Coal 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.

WHIT.F News

Simply Wall St News

WHIT.F Company Info

Map
Description

Whitehaven Coal Limited develops and operates coal mines in New South Wales. The company operates through two segments, Open Cut Operations and Underground Operations. It operates six mines in North West New South Wales; five open cut mines at Maules Creek, Tarrawonga, Rocglen, Werris Creek, and Sunnyside; and one underground mine at Narrabri. The company offers thermal coal and metallurgical coal used in the production of steel. As of August 9, 2018, it had 985 million tons of recoverable coal reserves and 885 million tons of marketable coal reserves. The company sells its coal primarily in Japan, Taiwan, Korea, India, China, Malaysia, Indonesia, Vietnam, the Philippines, Chile, Australia, and internationally. Whitehaven Coal Limited was founded in 1999 and is headquartered in Sydney, Australia.

Details
Name: Whitehaven Coal Limited
WHIT.F
Exchange: OTCPK
Founded: 1999
A$3,215,483,760
992,025,885
Website: http://www.whitehavencoal.com.au
Address: Whitehaven Coal Limited
259 George Street,
Level 28,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX WHC Ordinary Shares Australian Securities Exchange AU AUD 01. Jun 2007
OTCPK WHIT.F Ordinary Shares Pink Sheets LLC US USD 01. Jun 2007
DB WC2 Ordinary Shares Deutsche Boerse AG DE EUR 01. Jun 2007
CHIA WHC Ordinary Shares Chi-X Australia AU AUD 01. Jun 2007
Number of employees
Current staff
Staff numbers
1,600
Whitehaven Coal employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/22 00:33
End of day share price update: 2019/02/13 00:00
Last estimates confirmation: 2019/02/18
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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.