WinstonWınston
Back
Whitehaven Coal Limited logo

Whitehaven Coal Limited

WHC.AX
36
Coal · Energy
Exchange
Australian Securities Exchange
Winston Score
36
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Aug 23, 2026 · filings through Dec 31, 2025
How the score breaks down
Quality
Weak
Growth
Mixed
Cash Flow
Good
Stability
Mixed
Valuation
Strong
Dividends
Weak

Winston Score History

The full picture

Whitehaven Coal is an Australian company that mines and sells coal. It produces two main types: metallurgical coal, used to make steel, and thermal coal, used to generate electricity. It is one of the largest independent coal producers in Australia, operating mines in New South Wales and Queensland.

The company makes money by selling coal to customers mostly in Asia, including Japan, South Korea, Taiwan, and India. It is a mid-sized miner with a market cap around $7.6 billion, and its position in high-quality coal gives it some pricing advantage over lower-grade competitors. The biggest risk the business faces is the global shift away from coal, as governments and investors push to reduce carbon emissions, which could reduce long-term demand and make it harder to secure financing.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
14.5%
Thin — 14.5% gross margin
Profit after running costs
Operating Margin
3.4%
Thin — 3.4% operating margin
Return on the money invested
ROCE
2.6%
Weak — 2.6% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
-13.9%
Shrinking sales (-13.9% YoY)
Profit growth
EPS YoY
+259.7%
Earnings growing fast (+259.7% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
90%
Modest — 90% of profit becomes cash
Spare cash per sale
FCF Margin
5.4%
Thin free cash flow (5.4%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
0.34
Conservative — low debt load (0.34)
Covers its interest
Interest Cover
0.92x
Dangerous — barely covers interest (0.9x)

Interest coverage below 1. Their profits don't cover the interest bill.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
16.4x
no trend
Fair value — P/E 16.4

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+4.5
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (16.4 → 11.9)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend
Dividend Yield
1.43%
no trend
Small dividend — 1.43% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
-73.6%
no trend
Dividend cut (-73.6% YoY) — warning sign

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial