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Mines metallurgical (coking) coal in Queensland, supplying steelmakers globally, after acquiring BHP's BMA coal assets.
Mines metallurgical (coking) coal in Queensland, supplying steelmakers globally, after acquiring BHP's BMA coal assets.
Sells coking coal, the grade used to make steel, at prices set by international benchmarks, mostly to steelmakers in Asia, so earnings track the market price and the cost of mining and moving it by rail to port. Golden Energy and Resources, a Singapore-listed vehicle of Indonesia's Widjaja family, is the controlling shareholder.
In one line: A pure-play Australian metallurgical coal miner.
Moat: narrow (scale, installed base). Acquired large-scale, established BMA metallurgical coal mines with existing rail/port infrastructure.
Headquarters: Brisbane, Australia · Founded: 2016
Size Stanmore Resources (SMR.AX) is an Australia Energy company (Coal) with a market value of $1.54B, the 140th largest of 316 Australia companies the cockpit tracks. Shares closed at A$2.47 on 6 Nov 2026.
Performance Over six months the shares gained 4.7%, against -11.5% for the median peer and +4.1% for the Australia market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue fell 6.3% over the last twelve months (peer median +5.3%); the operating margin is -0.3% (peer median 3.7%).
Valuation It trades at 21.5× forward earnings against a peer median of 14.8× (6th most expensive of 15).
Price implies For today's price to make sense, revenue must grow about -10% a year for seven years (Req g). Recent delivered growth is +61%, so the hurdle is -71 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 8.3 points below its cost of capital (8.1% WACC).
Next results Next results expected around 1 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | A$2.94B | A$2.92B | A$3.63B | A$4.22B | A$3.89B |
| Revenue growth | — | -20% | -14% | +9% | — |
| Gross profit | A$1.58B | A$1.58B | A$2.25B | A$2.99B | A$2.75B |
| EBITDA | A$602M | A$617M | A$961M | A$1.64B | A$1.69B |
| Net income | -A$57.9M | -A$73.2M | A$290M | A$712M | A$962M |
| Free cash flow | A$466M | A$458M | A$338M | A$819M | A$1.53B |
| Capital expenditure | A$128M | A$171M | A$282M | A$291M | A$170M |
| Total debt | n/a | A$796M | A$1.09B | A$1.14B | A$1.27B |
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 |
|---|---|---|---|---|---|---|
| Stanmore Resources SMR.AX | $1.54B | +5% | -6% | 0% | 21.5× | -9.9% |
| Whitehaven Coal WHC.AX | $3.97B | -10% | -7% | 10% | 10.6× | 4.2% |
| BHP BHP.AX | $203B | -6% | +9% | 39% | 15.7× | -1.0% |
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 | SMR.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.8% | -13.8% | 4th highest of 21 |
| 6-month return | +4.7% | -11.5% | 4th highest of 21 |
| Distance from 52-week high | -23.6% | -30.4% | 5th highest of 21 |
| Revenue growth (TTM) | -6.3% | +5.3% | 5th lowest of 21 |
| Operating margin | -0.3% | 3.7% | 9th lowest of 21 |
| Forward P/E | 21.5× | 14.8× | 6th most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | -9.9% | -7.3% | 3rd least demanding of 11 |
| Growth delivered (Del g) | +60.7% | +7.1% | highest of 11 |
| Hurdle (Req g minus delivered) | -70.6 pp | -14.6 pp | least demanding of 11 |
| ROIC minus cost of capital | -8.3 pp | -0.2 pp | 5th lowest of 21 |
| EV / EBITDA | 5.2× | 6.7× | 3rd cheapest of 8 |
| Net debt / EBITDA | 1.5× | -0.2× | most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Stanmore Resources SMR.AX | Australia | $1.54B | +5% | -6% | 0% | 21.5× | -9.9% | +60.7% |
| Natural Resource Partners L.P NRP | United States | $1.56B | +6% | -10% | 63% | n/a | -8.1% | +9.4% |
| Guizhou Panjiang Refined Coal 600395.SS | China | $1.60B | -10% | +6% | 15% | 21.9× | n/a | n/a |
| Shougang Fushan Resources 0639.HK | Hong Kong | $1.66B | -4% | +33% | 20% | 10.4× | -17.3% | +4.8% |
| Macmahon MAH.AX | Australia | $1.35B | +6% | +8% | 7% | 15.1× | 4.3% | +14.1% |
| Shanxi Coking 600740.SS | China | $1.34B | -19% | 0% | -15% | 14.6× | 13.3% | -2.7% |
| Shanxi Lanhua Sci-Tech Venture 600123.SS | China | $1.34B | -14% | +8% | 1% | 31.1× | n/a | n/a |
| Shanghai Datun Energy Resources 600508.SS | China | $1.32B | +14% | +15% | 4% | 12.0× | -9.3% | +0.1% |
| Anhui Hengyuan Coal Industry and Electricity Power 600971.SS | China | $1.30B | -13% | +34% | 3% | 22.2× | -10.2% | +1.6% |
| Kinetic Development 1277.HK | Hong Kong | $1.84B | -15% | -3% | 31% | 6.2× | -6.4% | +11.5% |
| Kailuan Energy Chemical 600997.SS | China | $1.28B | -9% | +5% | -2% | 26.9× | n/a | n/a |
| Alpha Metallurgical Resources AMR | United States | $1.87B | -20% | -13% | -2% | 22.5× | n/a | n/a |
| Peabody Energy BTU | United States | $1.95B | -32% | +3% | -4% | 6.3× | n/a | n/a |
| Henan Dayou Energy 600403.SS | China | $2.04B | -2% | +6% | -29% | n/a | n/a | n/a |
| Shanxi Meijin Energy 000723.SZ | China | $2.15B | -27% | -2% | -8% | n/a | n/a | n/a |
| Beijing Haohua Energy Resource 601101.SS | China | $2.39B | -5% | +3% | 24% | 9.3× | -9.6% | +14.4% |
| Shaanxi Heimao Coking 601015.SS | China | $965M | -22% | -13% | -11% | n/a | n/a | n/a |
| Jizhong Energy Resources 000937.SZ | China | $2.48B | -17% | +7% | 8% | 15.2× | -4.2% | -6.0% |
| Mongolian Mining 0975.HK | Hong Kong | $899M | -27% | +26% | 13% | n/a | -5.8% | +14.7% |
| Pingdingshan Tianan Coal Mining 601666.SS | China | $2.83B | -10% | +17% | 8% | 14.4× | n/a | n/a |
| Jastrzebska Spolka Weglowa JSW.WA | Poland | $788M | -6% | -8% | -28% | n/a | n/a | n/a |