WHITEHAVEN COAL LIMITED (WHC)
Share Price Analysis and Chart

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WHC

WHC - WHITEHAVEN COAL LIMITED

FNArena Sector : Coal
Year End: June
GICS Industry Group : Energy
Debt/EBITDA: 1.51
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Whitehaven Coal is an Australian coal miner with four mines in the Gunnedah region of New South Wales. Three are open cut, with the other underground. The company was listed on the ASX in 2007.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$6.44

13 Oct
2025

-0.060

OPEN

$6.43

-0.92%

HIGH

$6.47

3,257,986

LOW

$6.33

TARGET
$7.443 15.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BCB . BRL . CRN . MMI . NHC . SMR . TER . YAL .
FNARENA'S MARKET CONSENSUS FORECASTS
WHC: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 81.1 19.8 xxx
DPS (cps) xxx 15.0 10.0 xxx
EPS Growth xxx 82.3% - 75.5% xxx
DPS Growth xxx - 25.0% - 33.3% xxx
PE Ratio xxx N/A 33.7 xxx
Dividend Yield xxx N/A 1.5% xxx
Div Pay Ratio(%) xxx 18.5% 50.4% xxx

Dividend yield today if purchased 3 years ago: 1.39%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.24

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 04/09 - ex-div 13c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx81.1
DPS All xxxxxxxxxxxxxxx15.0
Sales/Revenue xxxxxxxxxxxxxxx5,832.0 M
Book Value Per Share xxxxxxxxxxxxxxx685.3
Net Operating Cash Flow xxxxxxxxxxxxxxx1,105.0 M
Net Profit Margin xxxxxxxxxxxxxxx11.13 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx11.83 %
Return on Invested Capital xxxxxxxxxxxxxxx8.90 %
Return on Assets xxxxxxxxxxxxxxx5.08 %
Return on Equity xxxxxxxxxxxxxxx11.83 %
Return on Total Capital xxxxxxxxxxxxxxx9.44 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx555.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx159 M
Long Term Debt xxxxxxxxxxxxxxx1,874 M
Total Debt xxxxxxxxxxxxxxx2,033 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,206 M
Price To Book Value xxxxxxxxxxxxxxx0.79

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx393.0 M
Capex % of Sales xxxxxxxxxxxxxxx6.74 %
Cost of Goods Sold xxxxxxxxxxxxxxx4,440 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx689 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx84 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.4

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

19/09/2025

1

Buy

$8.10

25.78%

Morgans has transferred coverage of Whitehaven Coal to new analyst Chris Creech. The broker lifted its target price to $8.10 from $7.25, while retaining the Buy rating.

The broker believes the FY25 result showed the focus remains on stable production and cost optimisation, and the FY26 guidance is consistent with continuation of the same.

Commentary suggests the key strength is the balance sheet which is well-positioned to withstand the coal price downturn while preserving capital. 

In the broker's view, the Blackwater sell-down and $1.58bn of liquidity will enable the company to meet its remaining deferred payment obligations to BMA without relying on operating cash flows or additional debt.

Gearing is expected to rise to 18% in April 2026, but the broker expects deleveraging to resume thereafter even under modest coal price assumptions.

FY26 EBITDA forecast cut by -15% but net profit forecast increased by 22%. In FY27, EBITDA is estimated to fall -11% and net profit by -13%.

FORECAST
Morgans forecasts a full year FY26 dividend of 9.00 cents and EPS of 31.00 cents.
Morgans forecasts a full year FY27 dividend of 12.00 cents and EPS of 55.00 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY
Access Extra Coverage Research History >

WHC STOCK CHART

FNArena News on WHC

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