WHC 0.00% $7.63 whitehaven coal limited

This is nothing more than an interesting fact about how quickly...

  1. 124 Posts.
    lightbulb Created with Sketch. 125
    This is nothing more than an interesting fact about how quickly markets move.

    On 4 Sept 2020 (less than 2 years ago) WHC shares closed at 85 cents, equivalent to a market cap of $878 million.

    At current coal prices of US$400/tn, they are generating:
    * About $16 million per day EBITDA; or
    * About $10 million per day after tax cashflow (including allowance for tax, capital spend, equipment leases)

    So the 4 sept 2020 price represents 0.15x EBITDA (i.e. 55 days of current EBITDA) or 0.24x after tax cashflow (i.e. 88 days). We have already had about 20 days above US$400/tn.

    Taking into account debt in Sept 2020 of $788 million, the ratios above roughly double, so 0.3xEnterprise Value / EBITDA.

    Anyone buy at 85 cents??!! (my best was at 99 cents)
 
watchlist Created with Sketch. Add WHC (ASX) to my watchlist
(20min delay)
Last
$7.63
Change
0.000(0.00%)
Mkt cap ! $6.341B
Open High Low Value Volume
$7.60 $7.70 $7.51 $31.98M 4.203M

Buyers (Bids)

No. Vol. Price($)
2 15191 $7.63
 

Sellers (Offers)

Price($) Vol. No.
$7.65 10287 2
View Market Depth
Last trade - 16.10pm 30/07/2024 (20 minute delay) ?
WHC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.