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Whitehaven Coal (FRA:WC2) Net Current Asset Value : €0.51 (As of Dec. 2023)


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What is Whitehaven Coal Net Current Asset Value?

In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).

Whitehaven Coal's net current asset value per share for the quarter that ended in Dec. 2023 was €0.51.

The historical rank and industry rank for Whitehaven Coal's Net Current Asset Value or its related term are showing as below:

FRA:WC2' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.69   Med: 9.24   Max: 40.33
Current: 9.41

During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Whitehaven Coal was 40.33. The lowest was 5.69. And the median was 9.24.

FRA:WC2's Price-to-Net-Current-Asset-Value is ranked worse than
64.2% of 81 companies
in the Other Energy Sources industry
Industry Median: 6.99 vs FRA:WC2: 9.41

Whitehaven Coal Net Current Asset Value Historical Data

The historical data trend for Whitehaven Coal's Net Current Asset Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Whitehaven Coal Net Current Asset Value Chart

Whitehaven Coal Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.54 -0.91 -0.78 0.08 0.73

Whitehaven Coal Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.63 0.08 0.63 0.73 0.51

Competitive Comparison of Whitehaven Coal's Net Current Asset Value

For the Thermal Coal subindustry, Whitehaven Coal's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Whitehaven Coal's Price-to-Net-Current-Asset-Value Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Whitehaven Coal's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Whitehaven Coal's Price-to-Net-Current-Asset-Value falls into.



Whitehaven Coal Net Current Asset Value Calculation

Whitehaven Coal's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Jun. 2023 is calculated as

Net Current Asset Value Per Share(A: Jun. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(2003.528-1394.03-0-0)/836.601
=0.73

Whitehaven Coal's Net Current Asset Value (NCAV) per share for the quarter that ended in Dec. 2023 is calculated as

Net Current Asset Value Per Share(Q: Dec. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(1290.842-865.302-0-0)/836.601
=0.51

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Whitehaven Coal  (FRA:WC2) Net Current Asset Value Explanation

Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."

The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]

Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham’s strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.


Whitehaven Coal Net Current Asset Value Related Terms

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Whitehaven Coal (FRA:WC2) Business Description

Traded in Other Exchanges
Address
259 George Street, Level 28, Sydney, NSW, AUS, 2000
Whitehaven Coal is a large Australian independent thermal and semisoft metallurgical coal miner with mines in the Gunnedah Basin, New South Wales. It also owns the large Vickery and Winchester South deposits in New South Wales and Queensland, respectively. Coal is railed to ports in Newcastle for export to Asian customers. It has agreed to buy Blackwater and Daunia, two coking coal mines in Queensland, from BHP and Mitsubishi, effective mid-2024. Along with expanded production at Maules Creek and Narrabri, this should see its share of salable coal production approach 36 million metric tons from fiscal 2028, from about 13 million in fiscal 2023. Development of Vickery could see around 7 million metric tons of extra equity production, with first output likely from about 2025 in our view.

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