I have it on 5.5 to 6. If you plug in a higher met price ($300ish) i get a PE closer to 4.
I think we have 30 - 40% upside still.
U.S miners like AMR and ARCH are trading closer to 10, however they have higher sensitivity to Met coal price changes, so you could argue should trade a bit higher, they also dont have to deal with a woke state government and our taxes.
However, we have franking credits which also makes the income more appealing (When we get it).
Based on the above I would think a market cap around $12bil is fairly valued (normalising long term Met prices).
That gets you to about $14.34 which is 40% from here.
Target $18.72, page-9498
Add WHC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.10 |
Change
-0.550(7.19%) |
Mkt cap ! $5.939B | |||
| Open | High | Low | Value | Volume |
| $7.39 | $7.41 | $7.03 | $98.40M | 13.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 32869 | $7.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.12 | 82886 | 2 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| WHC (ASX) Chart |