Whitehaven Coal Limited

OTCPK:WHIT.F Stock Report

Market Cap: US$3.8b

Whitehaven Coal Valuation

Is WHIT.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of WHIT.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

US$10.85
Fair Value
56.9% undervalued intrinsic discount
14
Number of Analysts

Below Fair Value: WHIT.F ($4.68) is trading below our estimate of fair value ($10.85)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WHIT.F?

Key metric: As WHIT.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for WHIT.F. This is calculated by dividing WHIT.F's market cap by their current earnings.
What is WHIT.F's PE Ratio?
PE Ratio8.8x
EarningsAU$649.00m
Market CapAU$5.74b

Price to Earnings Ratio vs Peers

How does WHIT.F's PE Ratio compare to its peers?

The above table shows the PE ratio for WHIT.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.1x
ARLP Alliance Resource Partners
12.9x12.15%US$3.1b
LEU Centrus Energy
41.5x-5.11%US$4.7b
NRP Natural Resource Partners
9.5xn/aUS$1.4b
NC NACCO Industries
12.4xn/aUS$359.9m
WHIT.F Whitehaven Coal
8.8x3.82%US$5.7b

Price-To-Earnings vs Peers: WHIT.F is good value based on its Price-To-Earnings Ratio (8.8x) compared to the peer average (19.1x).

Price to Earnings Ratio vs Industry

How does WHIT.F's PE Ratio compare vs other companies in the US Oil and Gas Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MVO MV Oil Trust
1.1xn/aUS$12.54m
AXAS Abraxas Petroleum
0.09xn/aUS$10.27m
RUBI Rubico
0.4xn/aUS$2.86m
BYRO.F Byron Energy
0.03x-10.28%US$312.17k
WHIT.F 8.8xIndustry Avg. 13.4xNo. of Companies26PE0816243240+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: WHIT.F is good value based on its Price-To-Earnings Ratio (8.8x) compared to the US Oil and Gas industry average (13.4x).

Price to Earnings Ratio vs Fair Ratio

What is WHIT.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WHIT.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.8x
Fair PE Ratio14x

Price-To-Earnings vs Fair Ratio: WHIT.F is good value based on its Price-To-Earnings Ratio (8.8x) compared to the estimated Fair Price-To-Earnings Ratio (14x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst WHIT.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$4.68
US$4.79
+2.38%
11.69%US$5.82US$3.62n/a14
Nov ’26US$4.50
US$4.86
+7.98%
11.42%US$5.93US$3.69n/a14
Oct ’26US$4.38
US$4.92
+12.38%
10.65%US$5.95US$3.97n/a15
Sep ’26US$4.28
US$4.76
+11.15%
11.61%US$5.89US$3.93n/a15
Aug ’26US$4.14
US$4.72
+14.06%
10.69%US$5.86US$3.97n/a15
Jul ’26US$3.59
US$4.39
+22.59%
16.58%US$5.92US$2.93n/a15
Jun ’26US$3.50
US$4.27
+21.96%
17.62%US$5.80US$2.87n/a15
May ’26US$3.14
US$4.33
+37.62%
19.65%US$5.89US$2.85n/a15
Apr ’26US$3.35
US$5.25
+56.63%
12.15%US$6.10US$4.09n/a15
Mar ’26US$3.60
US$5.50
+52.91%
9.45%US$6.17US$4.45n/a15
Feb ’26US$3.81
US$5.47
+43.44%
7.50%US$6.03US$4.66n/a15
Jan ’26US$3.88
US$5.68
+46.28%
6.04%US$6.15US$5.03n/a15
Dec ’25US$4.30
US$5.71
+32.77%
6.99%US$6.28US$5.04n/a15
Nov ’25US$4.50
US$5.75
+27.82%
6.99%US$6.33US$5.08US$4.5015
Oct ’25US$4.87
US$5.98
+22.88%
10.30%US$6.89US$4.68US$4.3815
Sep ’25US$4.55
US$6.04
+32.70%
11.12%US$7.04US$4.62US$4.2814
Aug ’25US$4.99
US$6.15
+23.26%
9.94%US$7.14US$5.11US$4.1414
Jul ’25US$5.50
US$6.08
+10.53%
11.48%US$7.60US$4.94US$3.5914
Jun ’25US$5.36
US$5.93
+10.68%
10.68%US$7.59US$4.93US$3.5014
May ’25US$4.92
US$5.75
+16.88%
10.97%US$7.39US$4.80US$3.1413
Apr ’25US$4.74
US$5.34
+12.63%
16.95%US$7.43US$3.91US$3.3512
Mar ’25US$4.60
US$5.32
+15.74%
16.89%US$7.41US$3.90US$3.6012
Feb ’25US$5.49
US$5.55
+1.03%
16.59%US$7.50US$4.08US$3.8112
Jan ’25US$5.10
US$5.58
+9.38%
19.04%US$8.05US$4.22US$3.8812
Dec ’24US$4.92
US$5.44
+10.62%
18.81%US$7.93US$4.16US$4.3012
Nov ’24US$4.81
US$5.15
+7.16%
13.38%US$6.38US$4.02US$4.5012
US$5
Fair Value
6.4% undervalued intrinsic discount
14
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/30 08:14
End of Day Share Price 2025/11/26 00:00
Earnings2025/06/30
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Whitehaven Coal Limited is covered by 31 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Glyn LawcockBarrenjoey Markets Pty Limited
Josh KannourakisBarrenjoey Markets Pty Limited
Dale KoendersBarrenjoey Markets Pty Limited