For a second if everyone can forget about charts, global uncertainty etc. And look at the now.
WHC are aiming to produce ~6 MT of coal this quarter (between 5.4 and 6.9mt). This is ROM production, not including other managed coal sales.
Current spot coal price/t in AUD is ~ $530.
cost of production/t is ~$80
This gives profit/t at ~$450
450 x 6,000,000 = $2.7b. Most operations are 75% owned, so lets just be conservative and go
2.7 x 0.75 = > $2B
That is a Q4 earning of $2b EBITDA. That is almost 50% of the entire market cap in profit at current spot price in quarter 1 alone. Even if you put coal price at a discount to spot, full year earnings at current spot prices (which although feel unsustainable, have endured in an extremely elevated state for > 6 months now) will exceed current company market cap. Not revenue. Earnings.
WHC is a lifeboat and lately the ASX is the titanic.
Target $9.36, page-415
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$7.41 |
Change
-0.070(0.94%) |
Mkt cap ! $6.199B | |||
| Open | High | Low | Value | Volume |
| $7.47 | $7.53 | $7.40 | $18.11M | 2.431M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 68262 | $7.40 |
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| Price($) | Vol. | No. |
|---|---|---|
| $7.43 | 8767 | 1 |
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