Coronado Global Resources (CRN.AX) Stock Analysis & Winston Score
Coronado Global Resources is a coal mining company. It digs up metallurgical coal, which is a special type of coal used to make steel — not the kind burned for electricity. Its main customers are steel mills in Asia, Europe, and the Americas. The company operates large mines in the United States (West Virginia and Virginia) and Australia (Queensland), making it one of the larger pure-play metallurgical coal producers listed on the Australian Securities Exchange. Coronado makes money by selling coal by the tonne to steel producers under a mix of long-term contracts and spot market deals. Revenue depends heavily on global metallurgical coal prices, which swing a lot based on steel demand and supply disruptions. The company's negative margins shown here reflect a period of weak coal prices squeezing profitability. Its biggest risk going forward is the long-term decline in steel demand if green steelmaking technologies — which use less or no coal — become widely adopted.
Winston Score: 15/100 — Weak
Weak fundamentals across most pillars.
- Quality: Weak (1/30)
- Growth: Weak (1/20)
- Cash Flow: Weak (0/10)
- Stability: Weak (0/10)
- Valuation: Data not available (0/10)
- Ownership: Good (10/15)
Key Facts
Price: 0.18 AUD
Market Cap: 302M AUD
Sector: Energy
Industry: Coal
Exchange: Australian Securities Exchange
