NHC 0.61% $4.88 new hope corporation limited

NHC forward PE

  1. 2 Posts.
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    Hi everyone, I'm after some constructive criticism of my (albeit rudimentary) NHC cash flow model below - can anyone see any fatal flaws in my calcs or anything I've missed?

    The rhetoric regarding the Aussie thermal miners trading at such low PEs seems to be that it will be for the short term (while thermal prices remain high), with the PEs increasing as the thermal price readjusts lower (the 'new normal' still appears to be a historical high, I might add). Despite the falling thermal price, I still have NHC trading in a pretty narrow forward PE range of around 4, as the ramp up of New Acland and Maxwell largely offset the fall in the thermal price. Thoughts?

    https://hotcopper.com.au/data/attachments/5231/5231636-1eb2de122cc0dfc8f65afda4730dbec0.jpg
 
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