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Australian coal miner majority-owned by China's Shandong Energy Group, producing thermal and metallurgical coal.
Australian coal miner majority-owned by China's Shandong Energy Group, producing thermal and metallurgical coal.
Sells coal on contracts and spot sales at prices tied to benchmark indexes, so earnings follow world coal prices more than the tonnes mined. Thermal coal fuels power stations, while metallurgical coal is priced separately and tracks steel demand. Its mines are in New South Wales and Queensland, with most output shipped to Asian buyers.
In one line: Australia's Peabody Energy, China-controlled.
Moat: narrow (scale, installed base). Large scale, low-cost Australian coal mines with established export logistics.
Headquarters: Sydney, Australia · Founded: 2004 · Employees: 3,828
Size Yancoal Australia (YAL.AX) is an Australia Energy company (Coal) with a market value of $5.07B, the 68th largest of 316 Australia companies the cockpit tracks. Shares closed at A$5.54 on 6 Nov 2026.
Performance Over six months the shares fell 15.6%, against -10.2% for the median peer and +4.1% for the Australia market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue fell 1.1% over the last twelve months (peer median +3.3%); the operating margin is 7.6% (peer median 9.8%).
Valuation It trades at 10.4× forward earnings against a peer median of 11.0× (7th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -13 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.8 points below its cost of capital (6.5% WACC).
Next results Next results expected around 19 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | A$6.19B | A$5.88B | A$6.87B | A$7.66B | A$10.7B |
| Revenue growth | — | -14% | -10% | -28% | — |
| Gross profit | A$2.24B | A$2.27B | A$3.23B | A$4.14B | A$7.51B |
| EBITDA | A$1.36B | A$1.45B | A$2.46B | A$3.57B | A$6.71B |
| Net income | A$294M | A$440M | A$1.22B | A$1.82B | A$3.59B |
| Free cash flow | A$662M | A$520M | A$1.45B | A$656M | A$6.02B |
| Capital expenditure | A$597M | A$751M | A$705M | A$622M | A$550M |
| Total debt | n/a | A$84.0M | A$112M | A$146M | A$673M |
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 |
|---|---|---|---|---|---|---|
| Yancoal Australia YAL.AX | $5.07B | -16% | -1% | 8% | 10.4× | -2.3% |
| Whitehaven Coal WHC.AX | $3.97B | -10% | -7% | 10% | 10.6× | 4.2% |
| Glencore GLEN.L | $78.0B | -14% | +27% | 2% | 10.9× | n/a |
| BHP BHP.AX | $203B | -6% | +9% | 39% | 15.7× | -1.0% |
| New Hope NHC.AX | $3.08B | +5% | 0% | 16% | 11.0× | -1.1% |
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 | YAL.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.7% | -11.0% | 5th highest of 21 |
| 6-month return | -15.6% | -10.2% | 9th lowest of 21 |
| Distance from 52-week high | -38.9% | -27.0% | 5th lowest of 21 |
| Revenue growth (TTM) | -1.1% | +3.3% | 9th lowest of 21 |
| Operating margin | 7.6% | 9.8% | 8th lowest of 21 |
| Forward P/E | 10.4× | 11.0× | 7th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -2.3% | -5.8% | 4th most demanding of 12 |
| Growth delivered (Del g) | +10.6% | +4.8% | 5th highest of 12 |
| Hurdle (Req g minus delivered) | -12.9 pp | -12.1 pp | 6th least demanding of 12 |
| ROIC minus cost of capital | -1.8 pp | +1.7 pp | 7th lowest of 21 |
| EV / EBITDA | 3.9× | 6.7× | cheapest of 8 |
| Net debt / EBITDA | -1.5× | -0.1× | 2nd least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Yancoal Australia YAL.AX | Australia | $5.07B | -16% | -1% | 8% | 10.4× | -2.3% | +10.6% |
| Shanxi Coking Coal Energy 000983.SZ | China | $5.38B | -10% | -5% | 9% | 12.7× | -6.4% | +2.7% |
| Shan Xi Hua Yang Group New Energy 600348.SS | China | $4.54B | -20% | -10% | 21% | 12.8× | n/a | n/a |
| Huaibei Mining 600985.SS | China | $5.70B | -5% | +9% | 7% | 11.2× | -5.8% | -4.7% |
| Warrior Met Coal HCC | United States | $4.44B | -2% | +37% | 14% | 8.6× | n/a | n/a |
| Shanxi Lu'An Environmental Energy Development 601699.SS | China | $6.03B | -17% | -1% | 10% | 10.9× | n/a | n/a |
| Whitehaven Coal WHC.AX | Australia | $3.97B | -10% | -7% | 10% | 10.6× | 4.2% | +28.2% |
| Core Natural Resources CNR | United States | $3.94B | -7% | +30% | -1% | 16.4× | -1.6% | +32.9% |
| Jinneng Holding Shanxi Coal Industry 601001.SS | China | $3.87B | -20% | +4% | 24% | 11.8× | -13.4% | +3.7% |
| Jiangsu Xukuang Energy 600925.SS | China | $3.77B | -10% | +19% | 10% | n/a | -2.7% | +4.8% |
| China Coal Xinji Energy 601918.SS | China | $3.67B | +5% | +28% | 24% | 10.2× | n/a | n/a |
| Shanxi Coal International Energy 600546.SS | China | $3.29B | -21% | -10% | 21% | 9.9× | -16.9% | -10.0% |
| Alliance Resource Partners, L.P ARLP | United States | $3.14B | -2% | -2% | 18% | 8.2× | -10.0% | +10.6% |
| New Hope NHC.AX | Australia | $3.08B | +5% | 0% | 16% | 11.0× | -1.1% | +11.0% |
| Pingdingshan Tianan Coal Mining 601666.SS | China | $2.83B | -10% | +17% | 8% | 14.4× | n/a | n/a |
| Jizhong Energy Resources 000937.SZ | China | $2.48B | -17% | +7% | 8% | 15.2× | -4.2% | -6.0% |
| 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 |
| 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 |
| Alpha Metallurgical Resources AMR | United States | $1.87B | -20% | -13% | -2% | 22.5× | n/a | n/a |