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Mines and exports thermal coal from Queensland and New South Wales, mainly to Asian power generators.
Mines and exports thermal coal from Queensland and New South Wales, mainly to Asian power generators.
Sells thermal coal both on contracts and spot, priced off the Newcastle benchmark, with costs in Australian dollars and sales in US dollars. Coal leaves through the ports of Brisbane and Newcastle. Washington H. Soul Pattinson is the largest shareholder.
In one line: A mid-cap Australian thermal coal miner.
Moat: narrow (scale, installed base). Established low-cost coal mines and port access, though thermal coal is a commodity business.
Headquarters: Brisbane, Australia · Founded: 1976 · Employees: 1,492
Size New Hope (NHC.AX) is an Australia Energy company (Coal) with a market value of $3.08B, the 99th largest of 316 Australia companies the cockpit tracks. Shares closed at A$5.27 on 6 Nov 2026.
Performance Over six months the shares gained 4.6%, against -10.3% for the median peer and +4.1% for the Australia market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 0.2% over the last twelve months (peer median +3.3%); the operating margin is 15.9% (peer median 9.4%).
Valuation It trades at 11.0× forward earnings against a peer median of 10.6× (9th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.4 points above its cost of capital (6.4% WACC).
Next results Next results expected around 22 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$1.75B | A$1.75B | A$1.75B | A$1.77B | A$2.70B |
| Revenue growth | — | 0% | -1% | -35% | — |
| Gross profit | A$635M | A$623M | A$792M | A$850M | A$1.74B |
| EBITDA | A$518M | A$512M | A$718M | A$857M | A$1.74B |
| Net income | A$161M | A$161M | A$439M | A$476M | A$1.09B |
| Free cash flow | A$379M | A$379M | A$275M | A$300M | A$1.35B |
| Capital expenditure | A$194M | A$194M | A$311M | A$272M | A$187M |
| Total debt | n/a | A$389M | A$359M | A$361M | A$84.9M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| New Hope NHC.AX | $3.08B | +5% | 0% | 16% | 11.0× | -1.1% |
| Whitehaven Coal WHC.AX | $3.97B | -10% | -7% | 10% | 10.6× | 4.2% |
| Yancoal Australia YAL.AX | $5.07B | -16% | -1% | 8% | 10.4× | -2.3% |
| Peabody Energy BTU | $1.95B | -32% | +3% | -4% | 6.3× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NHC.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.5% | -9.4% | 10th lowest of 21 |
| 6-month return | +4.6% | -10.3% | 2nd highest of 21 |
| Distance from 52-week high | -20.3% | -28.3% | 3rd highest of 21 |
| Revenue growth (TTM) | +0.2% | +3.3% | 10th lowest of 21 |
| Operating margin | 15.9% | 9.4% | 8th highest of 21 |
| Forward P/E | 11.0× | 10.6× | 9th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | -1.1% | -6.1% | 2nd most demanding of 13 |
| Growth delivered (Del g) | +11.0% | +7.7% | 5th highest of 13 |
| Hurdle (Req g minus delivered) | -12.1 pp | -15.0 pp | 6th most demanding of 13 |
| ROIC minus cost of capital | +2.4 pp | +1.1 pp | 8th highest of 21 |
| EV / EBITDA | 7.8× | 6.7× | 4th most expensive of 9 |
| Net debt / EBITDA | -0.8× | -0.1× | 3rd least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| New Hope NHC.AX | Australia | $3.08B | +5% | 0% | 16% | 11.0× | -1.1% | +11.0% |
| Alliance Resource Partners, L.P ARLP | United States | $3.14B | -2% | -2% | 18% | 8.2× | -10.0% | +10.6% |
| Shanxi Coal International Energy 600546.SS | China | $3.29B | -21% | -10% | 21% | 9.9× | -16.9% | -10.0% |
| Pingdingshan Tianan Coal Mining 601666.SS | China | $2.83B | -10% | +17% | 8% | 14.4× | n/a | n/a |
| China Coal Xinji Energy 601918.SS | China | $3.67B | +5% | +28% | 24% | 10.2× | n/a | n/a |
| Jiangsu Xukuang Energy 600925.SS | China | $3.77B | -10% | +19% | 10% | n/a | -2.7% | +4.8% |
| Jizhong Energy Resources 000937.SZ | China | $2.48B | -17% | +7% | 8% | 15.2× | -4.2% | -6.0% |
| Jinneng Holding Shanxi Coal Industry 601001.SS | China | $3.87B | -20% | +4% | 24% | 11.8× | -13.4% | +3.7% |
| Core Natural Resources CNR | United States | $3.94B | -7% | +30% | -1% | 16.4× | -1.6% | +32.9% |
| Whitehaven Coal WHC.AX | Australia | $3.97B | -10% | -7% | 10% | 10.6× | 4.2% | +28.2% |
| Beijing Haohua Energy Resource 601101.SS | China | $2.39B | -5% | +3% | 24% | 9.3× | -9.6% | +14.4% |
| Shanxi Meijin Energy 000723.SZ | China | $2.15B | -27% | -2% | -8% | n/a | n/a | n/a |
| Warrior Met Coal HCC | United States | $4.44B | -2% | +37% | 14% | 8.6× | n/a | n/a |
| Shan Xi Hua Yang Group New Energy 600348.SS | China | $4.54B | -20% | -10% | 21% | 12.8× | n/a | n/a |
| Henan Dayou Energy 600403.SS | China | $2.04B | -2% | +6% | -29% | n/a | n/a | n/a |
| Peabody Energy BTU | United States | $1.95B | -32% | +3% | -4% | 6.3× | n/a | n/a |
| Yancoal Australia YAL.AX | Australia | $5.07B | -16% | -1% | 8% | 10.4× | -2.3% | +10.6% |
| Alpha Metallurgical Resources AMR | United States | $1.87B | -20% | -13% | -2% | 22.5× | n/a | n/a |
| Kinetic Development 1277.HK | Hong Kong | $1.84B | -15% | -3% | 31% | 6.2× | -6.4% | +11.5% |
| Shanxi Coking Coal Energy 000983.SZ | China | $5.38B | -10% | -5% | 9% | 12.7× | -6.4% | +2.7% |
| Huaibei Mining 600985.SS | China | $5.70B | -5% | +9% | 7% | 11.2× | -5.8% | -4.7% |