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

3/6

Valuation Score 3/6

  • 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.

Below Fair Value: WHIT.F ($4.26) is trading below our estimate of fair value ($11.67)

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 Ratio16.2x
EarningsAU$355.00m
Market CapAU$5.75b

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 Average7.7x
CEIX CONSOL Energy
9x-1.0%US$3.7b
ARLP Alliance Resource Partners
7.9x-7.2%US$3.5b
BTU Peabody Energy
6x-7.7%US$3.2b
NRP Natural Resource Partners
8xn/aUS$1.4b
WHIT.F Whitehaven Coal
16.2x17.8%US$5.7b

Price-To-Earnings vs Peers: WHIT.F is expensive based on its Price-To-Earnings Ratio (16.2x) compared to the peer average (7.7x).


Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AXAS Abraxas Petroleum
0.09xn/aUS$10.27m
BYRO.F Byron Energy
0.03x-10.3%US$312.17k
USOP.Y U.S. Oil and Gas
n/an/aUS$6.00
No more companies available in this PE range
WHIT.F 16.2xIndustry Avg. 11.8xNo. of Companies16PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: WHIT.F is expensive based on its Price-To-Earnings Ratio (16.2x) compared to the US Oil and Gas industry average (11.8x).


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 Ratio16.2x
Fair PE Ratio13.3x

Price-To-Earnings vs Fair Ratio: WHIT.F is expensive based on its Price-To-Earnings Ratio (16.2x) compared to the estimated Fair Price-To-Earnings Ratio (13.3x).


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$4.26
US$5.71
+34.0%
7.0%US$6.28US$5.04n/a15
Nov ’25US$4.50
US$5.75
+27.8%
7.0%US$6.33US$5.08n/a15
Oct ’25US$4.87
US$5.98
+22.9%
10.3%US$6.89US$4.68n/a15
Sep ’25US$4.55
US$6.04
+32.7%
11.1%US$7.03US$4.62n/a14
Aug ’25US$4.99
US$6.15
+23.3%
9.9%US$7.14US$5.11n/a14
Jul ’25US$5.50
US$6.06
+10.1%
11.5%US$7.58US$4.92n/a14
Jun ’25US$5.36
US$5.89
+9.9%
10.7%US$7.54US$4.89n/a14
May ’25US$4.92
US$5.69
+15.6%
11.0%US$7.32US$4.75n/a13
Apr ’25US$4.74
US$5.34
+12.6%
17.0%US$7.43US$3.91n/a12
Mar ’25US$4.60
US$5.32
+15.7%
16.9%US$7.41US$3.90n/a12
Feb ’25US$5.49
US$5.56
+1.2%
16.6%US$7.52US$4.09n/a12
Jan ’25US$5.10
US$5.49
+7.7%
19.0%US$7.92US$4.16n/a12
Dec ’24US$4.92
US$5.44
+10.6%
18.8%US$7.93US$4.16n/a12
Nov ’24US$4.81
US$5.15
+7.2%
13.4%US$6.38US$4.02US$4.5012
Oct ’24US$4.68
US$4.57
-2.4%
16.0%US$6.27US$3.33US$4.8713
Sep ’24US$4.23
US$4.68
+10.7%
13.6%US$6.11US$3.86US$4.5513
Aug ’24US$4.65
US$5.35
+15.0%
11.9%US$6.47US$4.04US$4.9913
Jul ’24US$4.40
US$5.42
+23.1%
10.8%US$6.56US$4.52US$5.5014
Jun ’24US$3.76
US$5.49
+46.0%
10.1%US$6.37US$4.55US$5.3613
May ’24US$4.84
US$5.79
+19.5%
10.4%US$6.69US$4.69US$4.9213
Apr ’24US$4.52
US$6.49
+43.7%
10.2%US$7.52US$5.44US$4.7414
Mar ’24US$4.83
US$6.91
+43.0%
10.8%US$8.26US$5.61US$4.6014
Feb ’24US$5.85
US$8.20
+40.1%
11.6%US$10.56US$6.90US$5.4915
Jan ’24US$6.40
US$7.63
+19.2%
13.2%US$10.03US$6.02US$5.1015
Dec ’23US$6.68
US$7.46
+11.7%
15.4%US$10.03US$5.35US$4.9215
Nov ’23US$5.88
US$7.40
+25.8%
15.2%US$9.69US$5.49US$4.8115

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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