Financials Coronado Global Resources Inc.

Equities

CRN

AU0000026122

Iron & Steel

Market Closed - Australian S.E. Other stock markets 02:10:44 2024-04-26 am EDT			5-day change	1st Jan Change
1.175 ^AUD	+0.86%		-5.24%	-33.24%

Feb. 20	Transcript : Coronado Global Resources Inc., 2023 Earnings Call, Feb 20, 2024
Feb. 19	Coronado Global Resources Posts 19% Decline in 2023 Revenue, Profit Falls 80%	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	1,285	-	-
Enterprise Value (EV) ¹	1,809	1,497	1,394	2,184	1,913	1,095	1,026	945.5
P/E ratio	4.91 x	-4.28 x	7.44 x	2.95 x	12.9 x	5.79 x	6.52 x	7.39 x
Yield	27.2%	-	-	24.6%	-	3.86%	9.28%	8.52%
Capitalization / Revenue	0.68 x	0.83 x	0.7 x	0.64 x	0.7 x	0.44 x	0.45 x	0.45 x
EV / Revenue	0.82 x	1.02 x	0.65 x	0.61 x	0.66 x	0.38 x	0.36 x	0.33 x
EV / EBITDA	2.85 x	27.8 x	2.87 x	1.8 x	5.01 x	2.54 x	2.22 x	2.06 x
EV / FCF	6.15 x	-11.7 x	3.96 x	3 x	82.6 x	8.31 x	6.5 x	15.6 x
FCF Yield	16.3%	-8.56%	25.3%	33.3%	1.21%	12%	15.4%	6.43%
Price to Book	1.73 x	1.5 x	1.4 x	2.06 x	1.61 x	0.9 x	0.85 x	0.78 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	0.7663	0.7663	0.7663
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	2,920	2,883	2,852
EBITDA ¹	634.2	53.8	486.1	1,216	381.7	431.7	462.2	459
EBIT ¹	456.8	-148	302.4	1,046	172	313	319.2	294.6
Operating Margin	20.62%	-10.12%	14.07%	29.29%	5.95%	10.72%	11.07%	10.33%
Earnings before Tax (EBT) ¹	420.2	-286.6	242.5	1,003	123.8	300.3	268.8	183.6
Net income ¹	305.5	-226.5	189.4	771.7	156.1	238.9	180.9	146
Net margin	13.79%	-15.49%	8.82%	21.61%	5.4%	8.18%	6.28%	5.12%
EPS ²	0.3160	-0.2040	0.1210	0.4600	0.0930	0.1324	0.1176	0.1037
Free Cash Flow ¹	294.1	-128.2	352.4	726.9	23.15	131.8	157.8	60.8
FCF margin	13.28%	-8.77%	16.4%	20.35%	0.8%	4.51%	5.48%	2.13%
FCF Conversion (EBITDA)	46.38%	-	72.48%	59.8%	6.07%	30.52%	34.15%	13.25%
FCF Conversion (Net income)	96.27%	-	186.01%	94.2%	14.84%	55.17%	87.24%	41.63%
Dividend per Share ²	0.4220	-	-	0.3330	-	0.0296	0.0711	0.0653
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 Q3	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	573.6	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	721	739.3	1,508	699.5	689	1,408	1,474	1,533	-
EBITDA ¹	228.8	-	-	25.7	147.7	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	96.7	133.4	321.2	107.3	116	243.4	322.4	292	-
EBIT ¹	-	-	-	-70.45	108.2	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	78.4	93.4	171	67.3	76	132.9	188.5	179.9	-
Operating Margin	-	-	-	-8.8%	18.86%	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%	10.87%	12.63%	11.34%	9.62%	11.03%	9.44%	12.79%	11.74%	-
Earnings before Tax (EBT) ¹	-	-	-	-	91.08	258.4	-	351.8	394	745.9	202	55.42	-	141.9	113.3	255.2	-39.31	-92.05	-131.4	64.4	79.5	209.2	53.5	62.3	126.9	208.1	174.2	-
Net income ¹	-	-	-	-	81.99	203.5	-	269.9	292	561.9	150.6	59.24	-	107.9	91.31	199.2	-21.08	-22.02	-43.11	48.9	60.4	156.9	40.6	47.3	95.19	156	130.6	-
Net margin	-	-	-	-	14.29%	26.27%	-	28.5%	28.27%	28.38%	17.22%	8.26%	-	14.09%	12.55%	13.34%	-2.94%	-3.24%	-3.08%	6.78%	8.17%	10.41%	5.8%	6.87%	6.76%	10.59%	8.53%	-
EPS ²	-	-	-	-	0.4900	0.1300	-	-	-	-	-	-	-	-	0.0540	-	-0.1300	-0.0130	-0.0250	0.0290	0.0360	0.0940	0.0240	0.0280	0.0570	0.0930	0.0780	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.0500	-	-	-	-	-	0.0190	-	-	0.0320	0.0190	0.0770	0.0190
Announcement Date	2/24/20	8/10/20	2/25/21	8/9/21	11/8/21	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	-	-	-	-	-	-	-	-	-

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	190	258	339
Leverage (Debt/EBITDA)	0.4902 x	5.372 x	-	-	-	-	-	-
Free Cash Flow ¹	294	-128	352	727	23.2	132	158	60.8
ROE (net income / shareholders' equity)	28.8%	-27.1%	20.1%	70.8%	13.3%	16.8%	13.4%	11.6%
ROA (Net income/ Total Assets)	13.8%	-10.4%	8.22%	30.8%	5.97%	7%	4.21%	4.47%
Assets ¹	2,212	2,182	2,305	2,506	2,614	3,414	4,293	3,270
Book Value Per Share ²	0.9000	0.5800	0.6400	0.6600	0.7400	0.8600	0.9100	0.9800
Cash Flow per Share ²	0.5000	-0.0300	0.2800	0.5500	0.1600	0.3100	0.1700	0.1700
Capex ¹	183	118	89.7	200	237	237	214	182
Capex / Sales	8.27%	8.06%	4.17%	5.59%	8.21%	8.11%	7.42%	6.39%
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

0.7663 USD

Average target price

1.142 USD

Spread / Average Target

+48.99%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Coke Coal Mining

	1st Jan change	Capi.
CORONADO GLOBAL RESOURCES INC.	-33.24%	1.28B
ALPHA METALLURGICAL RESOURCES, INC.	+1.47%	4.47B
WARRIOR MET COAL, INC.	+15.02%	3.67B
PT ADARO MINERALS INDONESIA TBK	-2.94%	3.33B
SHOUGANG FUSHAN RESOURCES GROUP LIMITED	+1.39%	1.84B
SHAANXI HEIMAO COKING CO., LTD.	-24.33%	956M
SUNCOKE ENERGY, INC.	-1.58%	889M
RAMACO RESOURCES, INC.	-6.98%	809M
BAOTAILONG NEW MATERIALS CO., LTD.	-35.71%	595M
BOWEN COKING COAL LIMITED	-50.00%	92.74M

Coke Coal Mining