WHC.AX - Whitehaven Coal Limited
| Previous Close | 2.3600 |
| Open | 2.2800 |
| Bid | 2.3600 x 0 |
| Ask | 2.0200 x 0 |
| Day's Range | 2.1400 - 2.2900 |
| 52 Week Range | 2.1400 - 4.7000 |
| Volume | 15,779,297 |
| Avg. Volume | 6,897,197 |
| Market Cap | 2.253B |
| Beta (5Y Monthly) | 1.61 |
| PE Ratio (TTM) | 4.26 |
| EPS (TTM) | 0.5240 |
| Earnings Date | Feb 21, 2020 |
| Forward Dividend & Yield | 0.28 (10.98%) |
| Ex-Dividend Date | Sep 05, 2019 |
| 1y Target Est | 5.68 |
- Thomson Reuters StreetEvents
Edited Transcript of WHC.AX earnings conference call or presentation 19-Feb-20 11:30pm GMT
Half Year 2020 Whitehaven Coal Ltd Earnings Call
- Simply Wall St.
Is Whitehaven Coal Limited's (ASX:WHC) P/E Ratio Really That Good?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll apply a basic P/E...
- MarketWatch
Some big coal players may escape BlackRock’s planned divestment
BlackRock has set out plans to rid its portfolio of coal companies. But for diversified miners that dig up an array of products, it’s not obvious which companies will be axed from the fund management giant’s active funds and which will stay.
- Bloomberg
BlackRock Has Bigger Weapons in Its Climate Armory
(Bloomberg Opinion) -- BlackRock Inc., the world’s largest asset manager, says it will cut exposure to companies linked to thermal coal, among other climate-friendly measures. It’s a powerful signal. Unfortunately, it only scratches the surface. If BlackRock CEO Larry Fink is serious about helping to eliminate coal while reshaping finance, his outfit can use its holdings of sovereign debt to tackle governments, too.Coal power generation has fallen steeply in Europe and the U.S. in the past year or so, thanks to cheap natural gas, higher carbon prices and green pressure. Yet in Asia, once you iron out some local peculiarities, demand for the black stuff remains remarkably resilient. That suggests that even if global appetite peaks soon, as most analysts estimate, it could well remain at high levels for years to come. Analysts at UBS Group AG estimated last July that on current trends the last coal-fired power station may close only in 2079. To blame are the likes of China, India and Vietnam. Their fleet is young, still growing and often state-backed; Western money managers selling out of public securities won’t change that. There is good news. BlackRock is an investment giant, with $7.4 trillion of assets under management, so Fink’s call to arms last week marks a significant move. Cutting off funds for coal producers and driving up their cost of capital is key to suffocating a sector that is the single largest cause of increased global temperatures.BlackRock’s strategic shift is also driven by self-interest. That’s encouraging, as such initiatives tend to outlast moral outrage. Heat from activists, like the BlackRock’s Big Problem campaign, helped, but Fink argues he is making sustainability the new standard because it makes financial sense. The surge of inflows into the firm’s environmentally friendly funds last week will encourage that view.The devil, as ever, is in the detail. BlackRock’s aim to divest thermal coal equity and debt will apply to its actively managed funds. Yet those amount to only under a third of the money it manages. As worrying is the threshold to be used to determine what has to go: The fund manager will sell out of any company where 25% of revenue or more is derived from thermal coal. That gets at narrowly focused producers like Australia’s Whitehaven Coal Ltd., but leaves untouched stakes in diversified heavyweights, like BlackRock’s 6% holding in Glencore Plc, the world’s top producer of seaborne thermal coal, or other sprawling conglomerates. It also tackles primarily miners, not utilities that consume the fuel.It’s possible to aim higher: Axa SA last year vowed to reduce its exposure to the thermal coal industry to zero by 2040.The bigger problem is that while such moves are necessary, they aren’t sufficient. That’s firstly because of the haven offered by private markets. If a large investment fund divests a stock or bond, or pressures companies into selling out of coal projects, what next? BlackRock investors may feel better, but will global production reduce overall? Quite possibly not. Will the world be greener? Also, possibly not, if the pit is sold to owners out of the public eye. Arguably, it may become harder to monitor. That suggests a more effective pressure point is demand, and that means tackling governments and state-backed firms still funding and supporting the fuel. Indeed, real impact will require a change in policy in Asian markets like Vietnam where coal is still a major employer and seen as a driver of economic growth. As a major investor in sovereign debt, even if much of it is in passive funds, BlackRock has enough leverage for meaningful dialogue at least.The challenge is significant. Consider China, which wants to reduce its reliance on coal. At least 200 million tons of coal capacity were ready to start production in 2019, while another 409 million tons of government-approved capacity are under construction, according to Bloomberg Intelligence numbers published last September. Together, that’s almost a quarter of China's up-and-running thermal coal capacity. In Indonesia, coal consumption may grow at the world’s fastest pace. Earlier this month, Jakarta ordered coal miners to slash production after record output last year. Prices immediately turned higher.Policy, then, is the lever to significantly reduce coal use in the region where it’s still growing: Asia. Go back to the UBS numbers. On current trends, the last coal-fired power station closes in six decades. But a red alert scenario where leaders accelerate closures would shutter the last plant in 2058, according to the bank, closer to the 2050 target set by the Intergovernmental Panel on Climate Change.Indonesia’s tussle with JPMorgan Chase & Co. in 2017 — when Jakarta temporarily severed business ties over a negative research report — is a reminder of just how much emerging market governments care about perception. BlackRock can make that count. To contact the author of this story: Clara Ferreira Marques at cferreirama@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Clara Ferreira Marques is a Bloomberg Opinion columnist covering commodities and environmental, social and governance issues. Previously, she was an associate editor for Reuters Breakingviews, and editor and correspondent for Reuters in Singapore, India, the U.K., Italy and Russia.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Simply Wall St.
Does Whitehaven Coal Limited's (ASX:WHC) CEO Pay Matter?
In 2013 Paul Flynn was appointed CEO of Whitehaven Coal Limited (ASX:WHC). This report will, first, examine the CEO...
- Simply Wall St.
Investors Who Bought Whitehaven Coal (ASX:WHC) Shares Five Years Ago Are Now Up 119%
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...
- Simply Wall St.
Why Whitehaven Coal Limited (ASX:WHC) Could Be Your Next Investment
Building up an investment case requires looking at a stock holistically. Today I've chosen to put the spotlight on...
- Simply Wall St.
Are Whitehaven Coal Limited (ASX:WHC) Investors Paying Above The Intrinsic Value?
In this article we are going to estimate the intrinsic value of Whitehaven Coal Limited (ASX:WHC) by taking the...
- Thomson Reuters StreetEvents
Edited Transcript of WHC.AX earnings conference call or presentation 15-Aug-19 12:30am GMT
Full Year 2019 Whitehaven Coal Ltd Earnings Call
- Simply Wall St.
Are Whitehaven Coal Limited’s (ASX:WHC) High Returns Really That Great?
Today we'll evaluate Whitehaven Coal Limited (ASX:WHC) to determine whether it could have potential as an investment...
- Simply Wall St.
Here's What Whitehaven Coal Limited's (ASX:WHC) P/E Ratio Is Telling Us
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
- Simply Wall St.
These 4 Measures Indicate That Whitehaven Coal (ASX:WHC) Is Using Debt Safely
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
- Simply Wall St.
Whitehaven Coal Limited (ASX:WHC) Has A ROE Of 16%
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
- Thomson Reuters StreetEvents
Edited Transcript of WHC.AX earnings conference call or presentation 14-Feb-19 11:30pm GMT
Half Year 2019 Whitehaven Coal Ltd Earnings Call
- Simply Wall St.
Did Whitehaven Coal Limited (ASX:WHC) Insiders Sell Shares?
We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...
- Simply Wall St.
Should You Worry About Whitehaven Coal Limited's (ASX:WHC) CEO Pay Cheque?
Paul Flynn has been the CEO of Whitehaven Coal Limited (ASX:WHC) since 2013. This analysis aims first to contrast CEO...
- Reuters
India taking more U.S. coking coal, pushing out Australia -Xcoal
India is buying more U.S. coking coal after disruptions in top supplier Australia, and as U.S. miners seek new markets due to declining demand from America's steel industry, an executive at Xcoal Energy & Resources India said on Monday. Interruptions to Australian supply have worsened in the past few years, driving Indian steelmakers to seek new sources of coking coal, Durgesh Pathak, Xcoal marketing manager, said. "Also Australia is becoming more unpredictable in terms of cyclones," he said.
- Simply Wall St.
What Percentage Of Whitehaven Coal Limited (ASX:WHC) Shares Do Insiders Own?
Every investor in Whitehaven Coal Limited (ASX:WHC) should be aware of the most powerful shareholder groups. Insiders...
- Simply Wall St.
Does Market Volatility Impact Whitehaven Coal Limited's (ASX:WHC) Share Price?
If you're interested in Whitehaven Coal Limited (ASX:WHC), then you might want to consider its beta (a measure of...
- Simply Wall St.
The Whitehaven Coal (ASX:WHC) Share Price Has Soared 486%, Delighting Many Shareholders
We think that it's fair to say that the possibility of finding fantastic multi-year winners is what motivates many...
- Reuters
In a sunset industry, economics of Adani's Australian coal mine questioned
MELBOURNE/SINGAPORE (Reuters) - A crash in Australian thermal coal prices is raising fresh questions about the viability of a controversial $4 billion (3 billion pounds) coal mine just a week ahead of a national election in which climate change is a key issue. Final approval of the Carmichael coal mine in Queensland, owned by India's Adani Enterprises, should come in "a matter of weeks, not months" following nearly a decade on the drawing board, the company's mining chief executive, Lucas Dow, told Reuters last month. Adani has said it is aiming to start producing 10 million tonnes a year of coal from March 2020, but analysts say the target date is optimistic.
- Simply Wall St.
Should Whitehaven Coal Limited (ASX:WHC) Be Your Next Stock Pick?
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Building up an investment case requires looking at a stock holistically. Today I've chosen t...
- Simply Wall St.
An Intrinsic Calculation For Whitehaven Coal Limited (ASX:WHC) Suggests It's 23% Undervalued
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Whitehaven Coal Limited (ASX:WHC) as an investment opportunity by taking the expected future cash flows and discounting them to today...
- Simply Wall St.
Here's What Whitehaven Coal Limited's (ASX:WHC) ROCE Can Tell Us
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Today we'll look at Whitehaven Coal Limited (ASX:WHC) and reflect on its potential as an investment. In particular, we'll con...
