Date Newc Price ($US/tn) Met Coal Price ($US/tn Mkt Cap Net Debt / (Cash) Enterprise Value 1 31/12/20 ~80 ~150 $3.2bn $3.6bn $6.8bn 2 Today ~370 ~300 $8.3bn ($3.0bn) (estimate) $5.3bn
By my basic calcs, YAL is more than 20% cheaper today than 2 years ago, despite being in the midst of an energy supply crunch, China re-opening and consequently prices being multiple times higher. This assumes cash generation since Sept (3.5 months) at a similar run-rate to the Sept quarter.
Furthermore, YAL have stated that there is a price lag of circa 3 months, so we can pretty much bank another $1.5-2.0 billion in cash generation in 1 QTR 2023. This means Enterprise Value at March 2023 will probably be around $3.5 billion. I am ignoring tax liability, but anyhow you get the point.
Opportunity of a lifetime.
Projected Half Yearly Dividend for FY 22, page-60
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Last
$6.81 |
Change
0.070(1.04%) |
Mkt cap ! $8.992B | |||
| Open | High | Low | Value | Volume |
| $6.74 | $6.87 | $6.71 | $10.50M | 1.544M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6043 | $6.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.82 | 30193 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| YAL (ASX) Chart |