Financials Coronado Global Resources Inc.

Equities

CRN

AU0000026122

Iron & Steel

Market Closed - Australian S.E. Other stock markets 02:10:37 2024-05-17 am EDT			5-day change	1st Jan Change
1.12 ^AUD	+0.45%		-0.44%	-36.36%

May. 06	Coronado Global Resources Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Apr. 30	Coronado Global Resources Logs AU$688 Million Group Revenue in Q1	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,498	1,208	1,509	2,273	2,009	1,255	-	-
Enterprise Value (EV) ¹	1,809	1,497	1,394	2,184	1,913	1,172	1,122	1,075
P/E ratio	4.91 x	-4.28 x	7.44 x	2.95 x	12.9 x	9.7 x	6.4 x	6.74 x
Yield	27.2%	-	-	24.6%	-	1.74%	9.09%	7.26%
Capitalization / Revenue	0.68 x	0.83 x	0.7 x	0.64 x	0.7 x	0.45 x	0.43 x	0.44 x
EV / Revenue	0.82 x	1.02 x	0.65 x	0.61 x	0.66 x	0.42 x	0.39 x	0.38 x
EV / EBITDA	2.85 x	27.8 x	2.87 x	1.8 x	5.01 x	3.48 x	2.33 x	2.53 x
EV / FCF	6.15 x	-11.7 x	3.96 x	3 x	82.6 x	-291 x	11 x	23 x
FCF Yield	16.3%	-8.56%	25.3%	33.3%	1.21%	-0.34%	9.11%	4.35%
Price to Book	1.73 x	1.5 x	1.4 x	2.06 x	1.61 x	0.95 x	0.88 x	0.84 x
Nbr of stocks (in thousands)	966,517	1,383,879	1,676,454	1,676,454	1,676,454	1,676,454	-	-
Reference price ²	1.550	0.8732	0.9002	1.356	1.199	0.7487	0.7487	0.7487
Announcement Date	2/24/20	2/25/21	2/22/22	2/22/23	2/19/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,216	1,462	2,148	3,572	2,891	2,791	2,903	2,832
EBITDA ¹	634.2	53.8	486.1	1,216	381.7	337.1	480.9	425
EBIT ¹	456.8	-148	302.4	1,046	172	232.8	365.6	291.1
Operating Margin	20.62%	-10.12%	14.07%	29.29%	5.95%	8.34%	12.59%	10.28%
Earnings before Tax (EBT) ¹	420.2	-286.6	242.5	1,003	123.8	190.4	323.8	189.9
Net income ¹	305.5	-226.5	189.4	771.7	156.1	140.5	194.2	142
Net margin	13.79%	-15.49%	8.82%	21.61%	5.4%	5.03%	6.69%	5.01%
EPS ²	0.3160	-0.2040	0.1210	0.4600	0.0930	0.0772	0.1170	0.1111
Free Cash Flow ¹	294.1	-128.2	352.4	726.9	23.15	-4.033	102.1	46.77
FCF margin	13.28%	-8.77%	16.4%	20.35%	0.8%	-0.14%	3.52%	1.65%
FCF Conversion (EBITDA)	46.38%	-	72.48%	59.8%	6.07%	-	21.24%	11%
FCF Conversion (Net income)	96.27%	-	186.01%	94.2%	14.84%	-	52.58%	32.93%
Dividend per Share ²	0.4220	-	-	0.3330	-	0.0130	0.0681	0.0544
Announcement Date	2/24/20	2/25/21	2/22/22	2/22/23	2/19/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2019 S2	2020 S1	2020 S2	2021 S1	2021 Q4	2021 S2	2022 Q1	2022 Q2	2022 S1	2022 Q3	2022 Q4	2022 S2	2023 Q1	2023 Q2	2023 S1	2023 Q3	2023 Q4	2023 S2	2024 Q1	2024 Q2	2024 S1	2024 Q3	2024 Q4	2024 S2	2025 S1	2025 S2	2026 S1
Net sales ¹	981.4	713.7	748.6	800.4	774.5	1,348	947.1	1,033	1,980	874.7	717.1	1,592	765.7	727.5	1,493	717.8	679.5	1,397	668.1	639.9	1,506	686.2	701.1	1,484	1,513	1,576	-
EBITDA ¹	228.8	-	-	25.7	312.7	-	411	438.4	849.3	223.6	142.7	366.3	190.7	161.5	352.3	3.378	158.1	29.44	14.62	63.8	167.8	96.8	114.9	214.9	378.7	315.1	-
EBIT ¹	-	-	-	-70.45	267	375.1	372.4	386.6	759	186.3	101	287.3	149.5	121.3	270.8	-32.16	-66.66	-98.82	-31.97	23.8	146.1	56.8	74.9	215.2	291.7	223.4	-
Operating Margin	-	-	-	-8.8%	34.47%	27.83%	39.32%	37.43%	38.33%	21.3%	14.08%	18.05%	19.53%	16.67%	18.13%	-4.48%	-9.81%	-7.07%	-4.78%	3.72%	9.7%	8.28%	10.68%	14.5%	19.28%	14.17%	-
Earnings before Tax (EBT) ¹	-	-	-	-	258.4	-	351.8	394	745.9	202	55.42	-	141.9	113.3	255.2	-39.31	-92.05	-131.4	-33.11	10.3	117	43.4	61.6	185	262.7	195.8	-
Net income ¹	-	-	-	-	203.5	-	269.9	292	561.9	150.6	59.24	-	107.9	91.31	199.2	-21.08	-22.02	-43.11	-29	7.8	83.62	33	46.8	138.8	197	146.8	-
Net margin	-	-	-	-	26.27%	-	28.5%	28.27%	28.38%	17.22%	8.26%	-	14.09%	12.55%	13.34%	-2.94%	-3.24%	-3.08%	-4.34%	1.22%	5.55%	4.81%	6.68%	9.35%	13.02%	9.32%	-
EPS ²	-	-	-	-	0.1300	-	-	-	-	-	-	-	-	0.0540	-	-0.1300	-0.0130	-0.0250	-0.0170	0.005000	0.0500	0.0200	0.0280	0.0830	0.1180	0.0880	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.0500	-	-	-	-	-	-	-	-	0.0200	0.0260	0.0930	0.0260
Announcement Date	2/24/20	8/10/20	2/25/21	8/9/21	2/22/22	2/22/22	5/9/22	8/8/22	8/8/22	11/8/22	2/22/23	2/22/23	4/27/23	8/7/23	8/7/23	11/8/23	2/19/24	2/19/24	5/6/24	-	-	-	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	311	289	-	-	-	-	-	-
Net Cash position ¹	-	-	115	89	96.7	82.9	134	180
Leverage (Debt/EBITDA)	0.4902 x	5.372 x	-	-	-	-	-	-
Free Cash Flow ¹	294	-128	352	727	23.2	-4.03	102	46.8
ROE (net income / shareholders' equity)	28.8%	-27.1%	20.1%	70.8%	13.3%	12.1%	14.2%	12.1%
ROA (Net income/ Total Assets)	13.8%	-10.4%	8.22%	30.8%	5.97%	4.19%	4.69%	4.8%
Assets ¹	2,212	2,182	2,305	2,506	2,614	3,351	4,145	2,956
Book Value Per Share ²	0.9000	0.5800	0.6400	0.6600	0.7400	0.7900	0.8500	0.8900
Cash Flow per Share ²	0.5000	-0.0300	0.2800	0.5500	0.1600	0.1400	0.1500	0.1500
Capex ¹	183	118	89.7	200	237	241	214	183
Capex / Sales	8.27%	8.06%	4.17%	5.59%	8.21%	8.62%	7.36%	6.48%
Announcement Date	2/24/20	2/25/21	2/22/22	2/22/23	2/19/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Coronado Global Resources Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.7487 USD

Average target price

1.067 USD

Spread / Average Target

+42.52%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Coke Coal Mining

	1st Jan change	Capi.
CORONADO GLOBAL RESOURCES INC.	-36.36%	1.25B
ALPHA METALLURGICAL RESOURCES, INC.	-15.47%	3.76B
PT ADARO MINERALS INDONESIA TBK	-4.41%	3.35B
WARRIOR MET COAL, INC.	+6.07%	3.34B
SHOUGANG FUSHAN RESOURCES GROUP LIMITED	+11.81%	2.02B
SHAANXI HEIMAO COKING CO., LTD.	-20.98%	993M
SUNCOKE ENERGY, INC.	-2.05%	888M
RAMACO RESOURCES, INC.	-22.58%	675M
BAOTAILONG NEW MATERIALS CO., LTD.	-31.71%	624M
BOWEN COKING COAL LIMITED	-33.00%	129M

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