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New Hope

DB:OD8
Snowflake Description

Established dividend payer with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OD8
DB
A$1B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

New Hope Corporation Limited explores, develops, produces, and processes coal, and oil and gas properties. The last earnings update was 15 days ago. More info.


Add to Portfolio Compare Print
  • New Hope has significant price volatility in the past 3 months.
OD8 Share Price and Events
7 Day Returns
11.1%
DB:OD8
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
-52%
DB:OD8
28.1%
DE Oil and Gas
-16.6%
DE Market
OD8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
New Hope (OD8) 11.1% 4.3% -31.5% -52% -33.4% -49.8%
DE Oil and Gas 6.5% -7.3% -23.7% 28.1% -18.9% 149.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • OD8 underperformed the Oil and Gas industry which returned 28.1% over the past year.
  • OD8 underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
OD8
Industry
5yr Volatility vs Market

Value

 Is New Hope 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 New Hope 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

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

DB:OD8 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2020-01-31) in AUD A$ 0.092156470588235
Payout Ratio Company Filings (2020-01-31) 6671.5%
Discount Rate (Cost of Equity) See below 5.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:OD8
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.948 (1 + (1- 30%) (33.92%))
1.116
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.116 * 5.44%)
5.68%

Discounted Cash Flow Calculation for DB:OD8 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for New Hope is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:OD8 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= A$0.09 / (5.68% - -0.39%)
A$0.47
DB:OD8 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:OD8 represents 0.55921x of ASX:NHC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.55921x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 1.52 x 0.55921
€0.85
Value per share (EUR) From above. €0.85
Current discount Discount to share price of €0.85
= -1 x (€0.85 - €0.85) / €0.85
-0.1%

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

  • The current share price of New Hope is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 New Hope's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are New Hope's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:OD8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2020-01-31) in AUD A$0.19
ASX:NHC Share Price ** ASX (2020-04-07) in AUD A$1.52
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.51x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

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

** Primary Listing of New Hope.

DB:OD8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 1.52 ÷ 0.19

7.87x

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

  • New Hope is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • New Hope is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does New Hope's expected growth come at a high price?
Raw Data
DB:OD8 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 5 Analysts
3.4%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:OD8 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.87x ÷ 3.4%

2.32x

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

  • New Hope is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on New Hope's assets?
Raw Data
DB:OD8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2020-01-31) in AUD A$2.35
ASX:NHC Share Price * ASX (2020-04-07) in AUD A$1.52
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:OD8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.52 ÷ 2.35

0.65x

* Primary Listing of New Hope.

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

  • New Hope is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess New Hope'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. New Hope has a total score of 2/6, 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.

Future Performance

 How is New Hope expected to perform in the next 1 to 3 years based on estimates from 5 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
3.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is New Hope expected to grow at an attractive rate?
  • New Hope's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • New Hope's earnings growth is positive but not above the Germany market average.
  • New Hope's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:OD8 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:OD8 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 3.4%
DB:OD8 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -15.1%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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
DB:OD8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:OD8 Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-07-31 784 220 161 3
2021-07-31 1,004 222 129 4
2020-07-31 1,060 263 139 4
2020-04-07
DB:OD8 Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2020-01-31 1,308 234 160
2019-10-31 1,307 264 185
2019-07-31 1,306 294 210
2019-01-31 1,186 399 187
2018-10-31 1,132 411 187
2018-07-31 1,078 423 187
2018-04-30 1,029 190
2018-01-31 979 372 193
2017-10-31 911 328 167
2017-07-31 844 285 141
2017-04-30 760 189 76

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • New Hope's earnings are expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).
  • New Hope'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
DB:OD8 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from New Hope Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OD8 Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-07-31 0.19 0.31 0.13 3.00
2021-07-31 0.15 0.20 0.11 4.00
2020-07-31 0.17 0.19 0.15 4.00
2020-04-07
DB:OD8 Past Financials Data
Date (Data in AUD Millions) EPS *
2020-01-31 0.19
2019-10-31 0.22
2019-07-31 0.25
2019-01-31 0.22
2018-10-31 0.22
2018-07-31 0.23
2018-04-30 0.23
2018-01-31 0.23
2017-10-31 0.20
2017-07-31 0.17
2017-04-30 0.09

*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.
  • New Hope is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess New Hope'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
New Hope has a total score of 1/6, 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.

Past Performance

  How has New Hope 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 New Hope'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.
  • New Hope has delivered over 20% year on year earnings growth in the past 5 years.
  • New Hope's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • New Hope's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
New Hope'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 New Hope Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OD8 Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2020-01-31 1,307.94 160.23 209.96
2019-10-31 1,307.19 185.33 201.75
2019-07-31 1,306.43 210.43 193.55
2019-01-31 1,185.84 187.03 175.51
2018-10-31 1,132.14 187.18 176.34
2018-07-31 1,078.44 187.33 177.16
2018-04-30 1,028.60 189.94 180.62
2018-01-31 978.75 192.56 184.08
2017-10-31 911.41 166.59 181.26
2017-07-31 844.08 140.62 178.44
2017-04-30 760.35 76.29 172.94
2017-01-31 676.63 11.96 167.45
2016-10-31 604.04 -20.86 162.94
2016-07-31 531.46 -53.68 158.43
2016-04-30 498.81 -24.82 148.56
2016-01-31 466.15 4.04 138.68
2015-10-31 486.54 -8.89 142.55
2015-07-31 506.93 -21.82 146.42
2015-04-30 520.61 -4.59 148.44
2015-01-31 534.28 12.65 150.45
2014-10-31 541.62 35.55 148.73
2014-07-31 548.96 58.45 147.01
2014-04-30 583.59 43.22 150.90
2014-01-31 618.23 28.00 154.79
2013-10-31 637.22 51.06 155.17
2013-07-31 656.21 74.13 155.54
2013-04-30 679.09 104.49 157.94

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

Health

 How is New Hope'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 New Hope's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • New Hope is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • New Hope's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of New Hope'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 New Hope Company Filings, last reported 2 months ago.

DB:OD8 Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2020-01-31 1,952.67 358.99 60.98
2019-10-31 1,952.67 358.99 60.98
2019-07-31 1,961.01 352.95 58.83
2019-01-31 1,953.17 201.90 106.51
2018-10-31 1,953.17 201.90 106.51
2018-07-31 1,888.40 0.00 479.98
2018-04-30 1,888.40 0.00 479.98
2018-01-31 1,908.91 0.00 353.08
2017-10-31 1,908.91 0.00 353.08
2017-07-31 1,853.43 0.00 236.89
2017-04-30 1,853.43 0.00 236.89
2017-01-31 1,807.32 0.00 150.52
2016-10-31 1,807.32 0.00 150.52
2016-07-31 1,750.41 0.00 91.28
2016-04-30 1,750.41 0.00 91.28
2016-01-31 1,814.14 0.00 1,018.20
2015-10-31 1,814.14 0.00 1,018.20
2015-07-31 1,852.63 0.00 1,065.27
2015-04-30 1,852.63 0.00 1,065.27
2015-01-31 1,880.95 0.00 1,108.18
2014-10-31 1,880.95 0.00 1,108.18
2014-07-31 1,973.86 0.00 1,151.44
2014-04-30 1,973.86 0.00 1,151.44
2014-01-31 1,969.30 0.00 1,138.54
2013-10-31 1,969.30 0.00 1,138.54
2013-07-31 2,016.46 0.00 1,251.17
2013-04-30 2,016.46 0.00 1,251.17
  • New Hope's level of debt (18.4%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if New Hope's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (65.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 14.9x coverage).
X
Financial health checks
We assess New Hope'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. New Hope has a total score of 4/6, 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.

Dividends

 What is New Hope'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
9.87%
Current annual income from New Hope dividends. Estimated to be 6.06% next year.
If you bought €2,000 of New Hope shares you are expected to receive €197 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?
  • New Hope's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • New Hope's dividend is above the markets top 25% of dividend payers in Germany (4.71%).
Upcoming dividend payment

Purchase New Hope before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
DB:OD8 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 5 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

DB:OD8 Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-07-31 0.08 5.00
2021-07-31 0.09 6.00
2020-07-31 0.10 6.00
2020-04-07
DB:OD8 Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2020-03-23 0.150 11.248
2019-09-16 0.180 9.434
2019-03-18 0.160 6.128
2018-09-17 0.160 4.329
2018-03-19 0.120 4.410
2017-09-18 0.100 4.554
2016-09-19 0.040 2.400
2016-03-21 0.080 5.429
2015-09-21 0.100 5.842
2015-03-23 0.095 4.792
2014-09-22 0.115 4.718
2013-09-16 0.160 5.008
2012-09-18 0.310 7.688
2012-03-19 0.260 5.984
2011-09-26 0.253 4.384
2011-03-22 0.098 1.922
2010-09-20 0.095 1.935
2009-09-22 0.093 1.963

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 New Hope's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess New Hope'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 New Hope afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. New Hope 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.

Management

 What is the CEO of New Hope'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
Shane Stephan
COMPENSATION A$2,188,161
TENURE AS CEO 6.2 years
CEO Bio

Mr. Shane Oscar Stephan, BBus (Dist), MBA (AGSM), MAusIMM, MAICD has been the Managing Director at New Hope Corporation Limited, a subsidiary of Washington H. Soul Pattinson and Company Limited since November 20, 2014. Mr. Stephan has more than 25 years of coal mining industry experience including senior line management roles, experience as the District Inspector of Mines in Queensland and as a Member of the Coal Industry Health and Safety Advisory Council in Queensland. He served as the Chief Executive Officer of New Hope Corporation Limited from February 1, 2014 to November 2014. He served as the Chief Financial Officer of New Hope Corporation Limited since joining it in September 2009 until January 31, 2014. He has been Executive Director of New Hope Corporation Limited since November 20, 2014. Previously, he held numerous executive positions with Macarthur Coal Limited from 2001 to 2009. He was also previously employed as an Executive in the Structured and Corporate Finance Divisions of an international investment bank.

CEO Compensation
  • Shane's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Shane's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the New Hope management team in years:

4.8
Average Tenure
  • The tenure for the New Hope management team is about average.
Management Team

Shane Stephan

TITLE
MD & Director
COMPENSATION
A$2M
TENURE
6.2 yrs

Matthew Busch

TITLE
Chief Financial Officer
COMPENSATION
A$901K
TENURE
6.2 yrs

Andrew Boyd

TITLE
Chief Operating Officer
COMPENSATION
A$1M
TENURE
4.3 yrs

Ben Armitage

TITLE
Chief Development Officer
COMPENSATION
A$494K
TENURE
1.2 yrs

Janelle Moody

TITLE
Executive GM of Legal & Company Secretary
TENURE
1.9 yrs

Sam Fisher

TITLE
Executive General Manager of Marketing & External Affairs

Kim Franks

TITLE
Executive General Manager of People
TENURE
5.3 yrs
Board of Directors Tenure

Average tenure of the New Hope board of directors in years:

6.4
Average Tenure
  • The tenure for the New Hope board of directors is about average.
Board of Directors

Rob Millner

TITLE
Non-Executive Chairman
COMPENSATION
A$325K
AGE
68
TENURE
21.4 yrs

Shane Stephan

TITLE
MD & Director
COMPENSATION
A$2M
TENURE
5.4 yrs

Bill Grant

TITLE
Independent Non-Executive Director
COMPENSATION
A$171K
TENURE
13.9 yrs

Ian Williams

TITLE
Independent Non-Executive Director
COMPENSATION
A$154K
TENURE
7.4 yrs

Todd Barlow

TITLE
Non-Executive Director
COMPENSATION
A$154K
AGE
40
TENURE
5 yrs

Tom Dobson Millner

TITLE
Non-Executive Director
COMPENSATION
A$154K
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by New Hope individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
02. Apr 20 Buy Robert Millner Individual 27. Mar 20 27. Mar 20 20,000 €0.67 €13,335
02. Apr 20 Buy Thomas Dobson Millner Individual 27. Mar 20 27. Mar 20 20,000 €0.67 €13,335
26. Mar 20 Sell Vinva Investment Management Company 19. Mar 20 24. Mar 20 -339,248 €0.60 €-204,326
26. Mar 20 Buy Vinva Investment Management Company 19. Mar 20 24. Mar 20 74,608 €0.60 €45,123
27. Feb 20 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 21. Feb 20 25. Feb 20 -2,801,248 €1.01 €-2,687,389
27. Feb 20 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 21. Feb 20 25. Feb 20 3,069,153 €1.03 €3,142,977
24. Feb 20 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 21. Oct 19 20. Feb 20 -3,211,813 €1.42 €-4,090,046
24. Feb 20 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 11. Jun 19 20. Feb 20 2,757,128 €1.40 €3,480,259
12. Jun 19 Sell Perpetual Limited Company 05. Mar 19 16. May 19 -9,979,900 €2.40 €-23,905,265
07. Jun 19 Sell Perpetual Limited Company 17. May 19 05. Jun 19 -2,270,830 €1.67 €-3,790,984
X
Management checks
We assess New Hope'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. New Hope 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.

News

Simply Wall St News

Company Info

Description

New Hope Corporation Limited explores, develops, produces, and processes coal, and oil and gas properties. It operates through three segments: Coal mining in Queensland, Coal mining in New South Wales, and Other. The company has interests in two open cut coal mines in South East Queensland that produce thermal coal, including the New Acland project, which is located in north-west of Oakey, Queensland; and the Jeebropilly coal mine located in the West Moreton region near Ipswich. It also holds interests in oil projects and exploration permits based in the Eromanga Basin of south west Queensland; and two onshore exploration permits in the Otway Basin of south western Victoria. In addition, the company engages in the port management, agriculture, marketing, and logistics activities. It has operations in Japan, Taiwan, China, Chile, Korea, Indonesia, Vietnam, India, Australia, and internationally. The company was founded in 1952 and is based in Brisbane, Australia. New Hope Corporation Limited is a subsidiary of Washington H. Soul Pattinson and Company Limited.

Details
Name: New Hope Corporation Limited
OD8
Exchange: DB
Founded: 1952
A$712,458,944
831,708,318
Website: http://www.newhopegroup.com.au
Address: New Hope Corporation Limited
175 Eagle Street,
Level 16,
Brisbane,
Queensland, 4000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX NHC Ordinary Shares Australian Securities Exchange AU AUD 16. Sep 2003
OTCPK NHPE.F Ordinary Shares Pink Sheets LLC US USD 16. Sep 2003
DB OD8 Ordinary Shares Deutsche Boerse AG DE EUR 16. Sep 2003
CHIA NHC Ordinary Shares Chi-X Australia AU AUD 16. Sep 2003
Number of employees
Current staff
Staff numbers
1,024
New Hope employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 20:38
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/07
Last earnings filing: 2020/03/23
Last earnings reported: 2020/01/31
Last annual earnings reported: 2019/07/31


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.