Coal companies adopt the price-to-sales ratio.

I. Valuation Approach and Methodology The acquisition target is 100% of the equity interest in United Coal Company, an Australian producer of thermal coal and semi-soft coking coal operating in the Hunter Valley region of New South Wales. United Coal operates two open-cut coal projects—HVO and MTW mines. Due to the scarcity of publicly available, recent transaction cases and detailed information on thermal and semi-soft coking coal globally, the transaction case comparison method was not adopted for this valuation. However, financial data of publicly listed Australian coal mining and production companies are readily accessible; therefore, the listed company comparison method was employed. 1. Selection of Comparable Companies United Coal, the subject of the valuation, primarily engages in coal mining. Thus, peer companies operating in the same industry were selected as comparables. As Australian comparable companies’ fiscal year-ends fall on 30 June 2016, whereas the target’s fiscal year-end is 31 December 2016, the financial data of each comparable company for four semi-annual reporting dates—30 June 2015, 31 December 2015, 30 June 2016, and 31 December 2016—were adjusted to align with the target’s fiscal year-ends of 31 December 2015 and 31 December 2016.

Dehydrated Research Report – Australian Coal Company New Hope

As global energy prices continue rising, multiple countries are experiencing 'energy inflation.' Newcastle coal futures rose during the third week of January to USD 220 per ton—the highest level since late October—having stood below USD 170 at the beginning of January. The UK forecasts that the proportion of households struggling with energy bills will triple by April. Due to the rapid surge in wholesale energy prices, numerous small utility companies have already collapsed. At the request of 61 Financial VIP users, this week’s research report analyzes New Hope Corp Ltd (ASX: NHC) and the broader Australian coal mining industry. [1. Company Overview:] New Hope Corp Ltd (ASX: NHC) is a diversified energy company and a subsidiary controlled by the investment firm Washington H Soul Pattinson and Co Ltd (ASX: SOL). New Hope engages in exploration, production, processing, marketing, and logistics activities related to coal, oil, and natural gas. Its business segments include coal mining, oil and gas extraction, port operations, agriculture, and investment activities. Founded in 1952, the company conducts coal mining operations primarily in Australia and Indonesia, and was listed on the Australian Securities Exchange (ASX) in 2003. Its major Australian mining assets include the New Acland Mine and Bengalla Mine—both open-cut coal mines located in Queensland and New South Wales—and it sells its coal products to domestic and international customers. New Hope’s headquarters are located in Brisbane, Queensland, Australia. For fiscal year 2021 ended 31 July 2021, New Hope’s revenue from continuing operations declined by 3% year-on-year to AUD 1.048 billion, while its after-tax net profit surged by 151% year-on-year to AUD 79.35 million. At fiscal year-end 2021, the company’s tangible book value per share stood at AUD 2.006, up from AUD 1.978 in the prior year. Additionally, cash flow from operating activities totaled a net inflow of AUD 296 million for FY2021, representing a 15.9% increase year-on-year. According to its financial statements, New Hope divides its operations into three business segments: the New South Wales Coal Mining Division, the Queensland Coal Mining Division, and Other Businesses. (1) New South Wales Coal Mining Division: Primarily responsible for operating the Bengalla Mine, an open-cut coal mine located in the Hunter Valley region of New South Wales, Australia.

Australian Coal Miner New Hope Acquires Malabar for Maxwell Mine

21 hours ago

New Hope Corp will acquire Malabar Resources in an A$1.8 billion all-share deal to gain ownership of the Maxwell coal mine, expanding operations near Bengalla amid rising energy and steel coal prices.

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Australian Coal Miner New Hope Acquires Malabar for Maxwell Mine

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