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Whitehaven Coal

DB:WC2
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WC2
DB
A$2B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Whitehaven Coal Limited develops and operates coal mines in New South Wales and Queensland. The last earnings update was 48 days ago. More info.


Add to Portfolio Compare Print
  • Whitehaven Coal has significant price volatility in the past 3 months.
WC2 Share Price and Events
7 Day Returns
2.6%
DB:WC2
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
-50.2%
DB:WC2
28.1%
DE Oil and Gas
-16.6%
DE Market
WC2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Whitehaven Coal (WC2) 2.6% 11.2% -22.2% -50.2% -46.4% 11.9%
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
  • WC2 underperformed the Oil and Gas industry which returned 28.1% over the past year.
  • WC2 underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
WC2
Industry
5yr Volatility vs Market

Value

 Is Whitehaven Coal 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 Whitehaven Coal 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 Whitehaven Coal.

DB:WC2 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in AUD A$ 0.087163125
Payout Ratio Company Filings (2019-12-31) 5374.9%
Discount Rate (Cost of Equity) See below 5.8%
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:WC2
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%) (38.56%))
1.136
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.136 * 5.44%)
5.79%

Discounted Cash Flow Calculation for DB:WC2 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Whitehaven Coal 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:WC2 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= A$0.09 / (5.79% - -0.39%)
A$0.44
DB:WC2 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:WC2 represents 0.55868x of ASX:WHC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.55868x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 1.41 x 0.55868
€0.79
Value per share (EUR) From above. €0.79
Current discount Discount to share price of €1.19
= -1 x (€1.19 - €0.79) / €0.79
-51.1%

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

  • The current share price of Whitehaven Coal 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 Whitehaven Coal's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Whitehaven Coal's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:WC2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$0.25
ASX:WHC Share Price ** ASX (2020-04-07) in AUD A$2.13
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 Whitehaven Coal.

DB:WC2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 2.13 ÷ 0.25

8.38x

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

  • Whitehaven Coal is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Whitehaven Coal is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Whitehaven Coal's expected growth come at a high price?
Raw Data
DB:WC2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
18.7%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:WC2 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.38x ÷ 18.7%

0.45x

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

  • Whitehaven Coal is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Whitehaven Coal's assets?
Raw Data
DB:WC2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$3.33
ASX:WHC Share Price * ASX (2020-04-07) in AUD A$2.13
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:WC2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.13 ÷ 3.33

0.64x

* Primary Listing of Whitehaven Coal.

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

  • Whitehaven Coal is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Whitehaven Coal'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. Whitehaven Coal has a total score of 3/6, 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 Whitehaven Coal expected to perform in the next 1 to 3 years based on estimates from 14 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
18.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Whitehaven Coal expected to grow at an attractive rate?
  • Whitehaven Coal's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Whitehaven Coal's earnings growth is expected to exceed the Germany market average.
  • Whitehaven Coal's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:WC2 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:WC2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 18.7%
DB:WC2 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 4.8%
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:WC2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:WC2 Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-06-30 2,322 580 269 3
2023-06-30 2,129 515 279 3
2022-06-30 2,158 463 227 9
2021-06-30 2,078 468 209 10
2020-06-30 1,857 287 105 10
2020-04-07
DB:WC2 Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 2,106 560 249
2019-09-30 2,299 738 389
2019-06-30 2,492 916 528
2019-03-31 2,439 917 551
2018-12-31 2,386 914 574
2018-09-30 2,325 903 549
2018-06-30 2,264 892 525
2018-03-31 2,184 845 515
2017-12-31 2,104 797 505
2017-09-30 1,942 702 456
2017-06-30 1,781 608 406
2017-03-31 1,601 483 288

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Whitehaven Coal's earnings are expected to grow by 18.7% yearly, however this is not considered high growth (20% yearly).
  • Whitehaven Coal's revenue is expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
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:WC2 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Whitehaven Coal Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WC2 Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-06-30 0.27 0.34 0.19 2.00
2023-06-30 0.28 0.36 0.19 2.00
2022-06-30 0.22 0.30 0.15 10.00
2021-06-30 0.20 0.28 0.15 12.00
2020-06-30 0.11 0.17 0.06 12.00
2020-04-07
DB:WC2 Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 0.25
2019-09-30 0.39
2019-06-30 0.53
2019-03-31 0.56
2018-12-31 0.58
2018-09-30 0.56
2018-06-30 0.53
2018-03-31 0.52
2017-12-31 0.51
2017-09-30 0.46
2017-06-30 0.41
2017-03-31 0.29

*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.
  • Whitehaven Coal is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Whitehaven Coal'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.
Whitehaven Coal has a total score of 3/6, 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 Whitehaven Coal 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 Whitehaven Coal'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.
  • Whitehaven Coal has delivered over 20% year on year earnings growth in the past 5 years.
  • Whitehaven Coal's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Whitehaven Coal's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Whitehaven Coal'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 Whitehaven Coal Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WC2 Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,106.48 249.46 367.77
2019-09-30 2,299.18 388.68 362.89
2019-06-30 2,491.87 527.90 358.00
2019-03-31 2,438.99 551.02 344.13
2018-12-31 2,386.10 574.14 325.59
2018-09-30 2,325.16 549.33 327.27
2018-06-30 2,264.21 524.51 328.96
2018-03-31 2,184.05 514.83 337.66
2017-12-31 2,103.88 505.15 346.36
2017-09-30 1,942.41 455.80 343.75
2017-06-30 1,780.94 406.45 341.13
2017-03-31 1,601.23 288.30 347.25
2016-12-31 1,421.53 170.15 353.38
2016-09-30 1,297.16 95.32 348.83
2016-06-30 1,172.79 20.49 344.28
2016-03-31 1,072.96 -112.22 310.95
2015-12-31 973.13 -244.93 277.61
2015-09-30 873.56 -287.78 252.86
2015-06-30 774.00 -330.63 228.10
2015-03-31 751.55 -217.62 218.54
2014-12-31 729.10 -104.61 208.97
2014-09-30 742.25 -71.50 210.55
2014-06-30 755.41 -38.39 212.13
2014-03-31 751.15 -45.06 214.19
2013-12-31 746.89 -51.73 216.25
2013-09-30 684.52 -70.20 198.48
2013-06-30 622.16 -88.68 180.70

*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.
  • Whitehaven Coal has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Whitehaven Coal used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Whitehaven Coal has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Whitehaven Coal'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.
Whitehaven Coal has a total score of 2/6, 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 Whitehaven Coal'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 Whitehaven Coal's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Whitehaven Coal is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Whitehaven Coal's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Whitehaven Coal'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 0.6x 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 Whitehaven Coal Company Filings, last reported 3 months ago.

DB:WC2 Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,256.34 561.11 121.35
2019-09-30 3,256.34 561.11 121.35
2019-06-30 3,522.20 173.87 119.54
2019-03-31 3,522.20 173.87 119.54
2018-12-31 3,503.22 242.05 89.20
2018-09-30 3,503.22 242.05 89.20
2018-06-30 3,482.81 296.13 111.78
2018-03-31 3,482.81 296.13 111.78
2017-12-31 3,350.20 217.59 98.61
2017-09-30 3,350.20 217.59 98.61
2017-06-30 3,292.30 363.82 87.14
2017-03-31 3,292.30 363.82 87.14
2016-12-31 3,043.95 693.94 106.78
2016-09-30 3,043.95 693.94 106.78
2016-06-30 2,888.72 858.33 101.45
2016-03-31 2,888.72 858.33 101.45
2015-12-31 2,876.58 947.46 112.00
2015-09-30 2,876.58 947.46 112.00
2015-06-30 2,865.03 942.24 102.39
2015-03-31 2,865.03 942.24 102.39
2014-12-31 3,118.12 896.45 111.55
2014-09-30 3,118.12 896.45 111.55
2014-06-30 3,206.54 674.95 103.17
2014-03-31 3,206.54 674.95 103.17
2013-12-31 3,231.42 528.61 97.98
2013-09-30 3,231.42 528.61 97.98
2013-06-30 3,240.62 502.73 110.64
  • Whitehaven Coal's level of debt (17.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (28.8% vs 17.2% today).
  • Debt is well covered by operating cash flow (99.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 17.7x coverage).
X
Financial health checks
We assess Whitehaven Coal'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. Whitehaven Coal has a total score of 5/6, 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 Whitehaven Coal'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
23.47%
Current annual income from Whitehaven Coal dividends. Estimated to be 4.09% next year.
If you bought €2,000 of Whitehaven Coal shares you are expected to receive €469 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?
  • Whitehaven Coal's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Whitehaven Coal's dividend is above the markets top 25% of dividend payers in Germany (4.71%).
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:WC2 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 14 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:WC2 Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2024-06-30 0.30 2.00
2023-06-30 0.18 3.00
2022-06-30 0.09 13.00
2021-06-30 0.08 15.00
2020-06-30 0.05 15.00
2020-04-07
DB:WC2 Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-08-14 0.500 19.061
2019-02-14 0.480 12.045
2018-08-13 0.410 8.501
2018-02-15 0.260 5.299
2017-11-03 0.060 1.411
2014-02-25 0.000 0.000
2013-08-27 0.000 0.000
2012-09-13 0.030 1.191
2012-08-23 0.030 0.954
2012-02-15 0.000 0.000
2011-08-23 0.082 1.460
2010-08-24 0.056 0.870
2009-08-25 0.120 2.591

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 Whitehaven Coal's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Whitehaven Coal'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 Whitehaven Coal afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Whitehaven Coal 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 Whitehaven Coal'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
Paul Flynn
COMPENSATION A$2,871,782
TENURE AS CEO 7.1 years
CEO Bio

Mr. Paul J. Flynn, BComm, FCA, has been the Chief Executive Officer and Managing Director of Whitehaven Coal Limited since March 25, 2013. Mr. Flynn served as the Chief Executive Officer and Managing Director of the Tinkler Group. He served as the Managing Partner of Ernst & Young's Sydney office and a member of its Oceania executive team. As a partner for over eight years, he managed many of the largest mining and energy clients across Australia, Asia, South and North America. He has extensive experience in the mining, infrastructure, construction and energy sectors gained through 20 years as a professional advisor at Ernst & Young. He has been a Director of Whitehaven Coal Limited since May 3, 2012. Mr. Flynn has been a Director of Boardwalk Resources Pty Limited since June 17, 2011. He served as a Director at NCIG Holdings Pty Ltd. until January 21, 2016.

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

Average tenure of the Whitehaven Coal management team in years:

6
Average Tenure
  • The average tenure for the Whitehaven Coal management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Paul Flynn

TITLE
MD, CEO & Director
COMPENSATION
A$3M
TENURE
7.1 yrs

Kevin Ball

TITLE
Chief Financial Officer
COMPENSATION
A$1M
TENURE
6.3 yrs

Tim Burt

TITLE
General Counsel & Company Secretary
COMPENSATION
A$985K
TENURE
10.8 yrs

Scott Knights

TITLE
Executive General Manager of Marketing & Logistics
COMPENSATION
A$1M
TENURE
5.7 yrs

Michael Maanen

TITLE
Executive General Manager of Corporate
COMPENSATION
A$559K

Quentin Granger

TITLE
Interim Executive General Manager - Operations
TENURE
0.3 yrs

Sarah McNally

TITLE
General Manager of Investor Relations

Leigh Martin

TITLE
Executive General Manager of People & Culture

Mark Stevens

TITLE
Executive General Manager of Project Delivery
TENURE
0.3 yrs

Paul Verner

TITLE
Group Treasurer
Board of Directors Tenure

Average tenure and age of the Whitehaven Coal board of directors in years:

6.7
Average Tenure
63
Average Age
  • The tenure for the Whitehaven Coal board of directors is about average.
Board of Directors

Mark Anthony Vaile

TITLE
Independent Chairman of the Board
COMPENSATION
A$396K
AGE
63
TENURE
7.9 yrs

Paul Flynn

TITLE
MD, CEO & Director
COMPENSATION
A$3M
TENURE
7.9 yrs

John Conde

TITLE
Deputy Chairman of the Board
COMPENSATION
A$283K
AGE
71
TENURE
7.9 yrs

Fiona Robertson

TITLE
Independent Non-Executive Director
COMPENSATION
A$219K
AGE
63
TENURE
2.2 yrs

Ray Zage

TITLE
Non-Executive Director
TENURE
6.7 yrs

Julie Beeby

TITLE
Independent Non-Executive Director
COMPENSATION
A$197K
TENURE
4.8 yrs

Lindsay Ward

TITLE
Independent Non-Executive Director
COMPENSATION
A$75K
AGE
55
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Whitehaven Coal individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
06. Apr 20 Buy Eastspring Investments (Singapore) Limited Company 27. Mar 20 02. Apr 20 10,747,892 €1.07 €11,504,216
30. Mar 20 Buy Eastspring Investments (Singapore) Limited Company 25. Mar 20 26. Mar 20 14,935,050 €1.00 €14,888,175
26. Mar 20 Buy Eastspring Investments (Singapore) Limited Company 25. Nov 19 24. Mar 20 20,641,937 €0.85 €17,602,984
10. Mar 20 Sell Lazard Asset Management LLC Company 06. Feb 20 28. Feb 20 -10,962,897 €1.42 €-15,595,676
10. Mar 20 Buy Lazard Asset Management LLC Company 03. Feb 20 06. Mar 20 22,268,682 €1.25 €27,752,250
03. Mar 20 Buy Fiona Robertson Individual 26. Feb 20 03. Mar 20 24,425 €1.20 €29,382
28. Feb 20 Buy Lindsay Ward Individual 24. Feb 20 24. Feb 20 35,000 €1.31 €45,858
25. Feb 20 Buy Julie Beeby Individual 24. Feb 20 24. Feb 20 10,000 €1.35 €13,469
04. Feb 20 Sell Lazard Asset Management LLC Company 14. Jan 20 16. Jan 20 -2,883,619 €1.64 €-4,696,644
04. Feb 20 Buy Lazard Asset Management LLC Company 24. Dec 19 31. Jan 20 13,386,213 €1.67 €21,337,923
20. Dec 19 Buy Lazard Asset Management LLC Company 09. Dec 19 18. Dec 19 16,658,952 €1.70 €27,551,432
18. Dec 19 Sell Eastspring Investments (Singapore) Limited Company 02. Dec 19 16. Dec 19 -2,721,067 €1.69 €-4,609,072
18. Dec 19 Buy Eastspring Investments (Singapore) Limited Company 25. Nov 19 10. Dec 19 102,436 €1.70 €174,308
10. Dec 19 Sell Lazard Asset Management LLC Company 29. Oct 19 26. Nov 19 -2,063,444 €2.13 €-4,022,049
10. Dec 19 Buy Lazard Asset Management LLC Company 04. Oct 19 06. Dec 19 12,499,295 €2.14 €23,009,581
16. Sep 19 Sell Eastspring Investments (Singapore) Limited Company 26. Apr 19 12. Sep 19 -4,322,993 €2.38 €-10,270,470
16. Sep 19 Buy Eastspring Investments (Singapore) Limited Company 24. Apr 19 04. Sep 19 2,653,869 €2.44 €6,464,588
25. Apr 19 Sell Eastspring Investments (Singapore) Limited Company 09. Jan 19 17. Apr 19 -1,847,914 €2.68 €-4,945,748
25. Apr 19 Buy Eastspring Investments (Singapore) Limited Company 08. Jan 19 23. Apr 19 15,430,565 €2.65 €40,861,524
18. Nov 19 Sell UBS Asset Management Company 12. Nov 19 14. Nov 19 -7,794,253 €1.97 €-15,352,749
18. Nov 19 Buy UBS Asset Management Company 12. Nov 19 14. Nov 19 15,995,449 €1.97 €31,502,790
17. Nov 19 Buy Eastspring Investments (Singapore) Limited Company 02. Aug 19 13. Nov 19 3,207,489 €2.14 €6,852,770
08. Oct 19 Sell Lazard Asset Management LLC Company 08. Aug 19 01. Oct 19 -3,409,583 €1.99 €-6,773,034
08. Oct 19 Buy Lazard Asset Management LLC Company 05. Aug 19 03. Oct 19 15,041,906 €1.72 €25,871,303
16. Sep 19 Sell M&G Investment Management Limited Company 01. Aug 19 01. Aug 19 -5,082 €2.29 €-11,660
06. Aug 19 Sell Lazard Asset Management LLC Company 18. Jun 19 03. Jul 19 -1,076,031 €2.24 €-2,413,323
06. Aug 19 Buy Lazard Asset Management LLC Company 18. Jun 19 02. Aug 19 11,586,057 €2.25 €26,040,132
19. Jun 19 Sell Lazard Asset Management LLC Company 26. Apr 19 03. Jun 19 -723,888 €2.66 €-1,862,849
19. Jun 19 Buy Lazard Asset Management LLC Company 05. Apr 19 17. Jun 19 14,097,841 €2.64 €33,481,956
13. Jun 19 Sell BlackRock, Inc. Company 24. Apr 19 12. Jun 19 -3,671,257 €2.69 €-213,366
13. Jun 19 Buy BlackRock, Inc. Company 24. Apr 19 12. Jun 19 580,653 €2.69 €0
25. Apr 19 Buy BlackRock, Inc. Company 03. Jan 19 23. Apr 19 32,262,340 €3.13 €180,312
25. Apr 19 Sell M&G Investment Management Limited Company 19. Mar 19 17. Apr 19 -236,382 €2.62 €-619,857
25. Apr 19 Buy M&G Investment Management Limited Company 16. Jan 19 23. Apr 19 1,661,637 €2.92 €4,858,897
X
Management checks
We assess Whitehaven Coal'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. Whitehaven Coal 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

Whitehaven Coal Limited develops and operates coal mines in New South Wales and Queensland. The company operates in two segments, Open Cut Operations and Underground Operations. The company operates five mines in North West New South Wales; four open cut mines at Maules Creek, Tarrawonga, Werris Creek, and Sunnyside; and one underground mine at Narrabri. It offers thermal and metallurgical coal. The company sells its coal primarily in Japan, Taiwan, Korea, India, China, Malaysia, Indonesia, Vietnam, the Philippines, Australia, New Caledonia, and internationally. Whitehaven Coal Limited was founded in 1999 and is headquartered in Sydney, Australia.

Details
Name: Whitehaven Coal Limited
WC2
Exchange: DB
Founded: 1999
A$1,200,526,265
992,025,885
Website: http://www.whitehavencoal.com.au
Address: Whitehaven Coal Limited
259 George Street,
Level 28,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX WHC Ordinary Shares Australian Securities Exchange AU AUD 01. Jun 2007
OTCPK WHIT.F Ordinary Shares Pink Sheets LLC US USD 01. Jun 2007
DB WC2 Ordinary Shares Deutsche Boerse AG DE EUR 01. Jun 2007
CHIA WHC Ordinary Shares Chi-X Australia AU AUD 01. Jun 2007
Number of employees
Current staff
Staff numbers
2,400
Whitehaven Coal employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 21:29
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/07
Last earnings filing: 2020/02/19
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


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.