Just got this in an email ...Fri, 27 May at 9:40 amFriday, 27...

Just got this in an email ...Fri, 27 May at 9:40 am

Friday, 27 May 2022

NHC - NEW HOPE CORPORATION LIMITED

Credit Suisse rates NHC as Outperform (1) - New Hope downgraded FY22 saleable coal production guidance by -8% after a soft April due to wet weather and labour constraints at Bengalla. Nonetheless, Credit Suisse retains its Outperform rating and $4.90 target, noting free cash flow generation is outstanding.

Any volume downside risks should be countered by pricing upside, in the analyst's opinion. It's felt both Credit Suisse and consensus may have to upgrade forecasts, which are based on levels well below the current spot price.

Target price is $4.90 Current Price is $3.78 Difference: $1.12 If NHC meets the Credit Suisse target it will return approximately 30% (excluding dividends, fees and charges). Current consensus price target is $3.94, suggesting upside of 4.3%(ex-dividends)The company's fiscal year ends in July.

Forecast for FY22:

Credit Suisse forecasts a full year FY22 dividend of 73.00 cents and EPS of 104.00 cents . At the last closing share price the estimated dividend yield is 19.31%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 3.63. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 105.8, implying annual growth of 1010.2%. Current consensus DPS estimate is 70.0, implying a prospective dividend yield of 18.5%. Current consensus EPS estimate suggests the PER is 3.6.

Forecast for FY23:

Credit Suisse forecasts a full year FY23 dividend of 93.00 cents and EPS of 153.00 cents . At the last closing share price the estimated dividend yield is 24.60%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 2.47. How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 107.7, implying annual growth of 1.8%. Current consensus DPS estimate is 62.5, implying a prospective dividend yield of 16.5%. Current consensus EPS estimate suggests the PER is 3.5.

Market Sentiment: 1.0All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources