Frontierby eninvs

Language: EN · RU

← Region

Yancoal Australia (YAL) AUD

At a glance: strengths & risks
Net cash balance sheetCommodity price +16% vs 1-yr · +9% vs 3-yrRevenue declining (-15%)Profit falling (-64%)Margins compressing (37%→32%)Priced above model valuePricier than own history (EV/EBITDA 3.2 vs avg 2.3)

Sector: Coal mining

AU_YAL

Price chart

5.75 AUDDay -0.52%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
5.75 AUD · -0.52%
Market cap
7.6 bn AUD

Growth

Δ revenue y/y
11.8%
Δ EBITDA y/y
-13.9%

Multiples

P/E (LTM)
25.8x
3y avg: 9.6x
P/B (FY)
0.8x
P/E (ann.)
223.5x
EV/EBITDA (LTM)
3.2x
3y avg: 2.3x
EV/EBITDA (ann.)
4.9x

Cash return

Dividend yield
3.2%
FCF yield (LTM)
4.8%

Value creation

to target market cap (spot commodity model)
Upside (potential)

Liquidity

Daily turnover (listing)
22.1 mln AUD

Shares: yahoo_fundamentals_timeseries/YAL.AX

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in M AUD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM AUDOperating profitM AUDD&AM AUDEBITDAM AUDNet profitM AUDOperating CFM AUDCapex + M&AM AUDAssetsM AUDEquityM AUDROE (annualized)Net debtM AUDSource
2026-06-30H1 2026 (6M)OK3024.0
y/y 11.8%
121.0
y/y -55.5%
441.0
y/y 15.7%
562.0
y/y -13.9%
17.0
y/y -89.6%
462.0-254.011990.0
y/y 1.7%
9021.0
y/y 2.5%
0.4%-2034.0Link
2025-12-31H2 2025 (6M)OK3022.0
y/y -16.6%
763.0
y/y -52.1%
397.0
y/y 13.4%
1160.0
y/y -40.3%
277.0
y/y -65.2%
784.0-343.012205.0
y/y -1.2%
9031.0
y/y -3.0%
4.9%-2043.0
2025-06-30H1 2025 (6M)OK2706.0
y/y -13.8%
272.0
y/y -49.3%
381.0
y/y -4.8%
653.0
y/y -30.3%
163.0
y/y -61.2%
473.0-408.011784.0
y/y 5.9%
8803.0
y/y 4.3%
3.6%-1667.0Link
2024-12-31H2 2024 (6M)OK3625.0
y/y 1.3%
1592.0
y/y -8.1%
350.0
y/y -25.5%
1942.0
y/y -11.8%
796.0
y/y -5.9%
1282.0-418.012356.0
y/y 8.5%
9315.0
y/y 10.4%
13.7%-2349.0
2024-06-30H1 2024 (6M)OK3141.0
y/y -21.0%
537.0
y/y -60.9%
400.0
y/y -2.7%
937.0
y/y -47.4%
420.0
y/y -56.8%
851.0-287.011131.0
y/y 2.0%
8440.0
y/y 4.3%
10.0%-1416.0Link
2023-12-31H2 2023 (6M)OK3580.0
y/y
1732.0
y/y
470.0
y/y
2202.0
y/y
846.0
y/y
1172.0-327.011387.0
y/y
8440.0
y/y
22.0%-1251.0
2023-06-30H1 2023 (6M)OK3978.0
y/y
1372.0
y/y
411.0
y/y
1783.0
y/y
973.0
y/y
89.0-295.010913.0
y/y
8093.0
y/y
-919.0Link

Revenue & EBITDA

RevenueEBITDA

Quarterly values (AUD mln)

01 0002 0003 0004 0002023 H12023 H22024 H12024 H22025 H12025 H22026 H1

Year-over-year change

-60%-40%-20%0%20%2023 H12023 H22024 H12024 H22025 H12025 H22026 H1

Cash flow

FCF (AUD mln)

-25002505007502023 H12023 H22024 H12024 H22025 H12025 H22026 H1

Net debt / cash (AUD mln)

-2 500-2 000-1 500-1 000-50002023 H12023 FY2024 H12024 FY2025 H12025 FY2026 H1

Profit and cash

Profit is cash-backed
In a typical year of 2022–2025 operating cash flow came to 1.79x of reported net profit; after capex, 1.16x.
year2022202320242025
cash flow / profit1.82x0.69x1.75x2.86x
accruals, % of assets-22.8%4.9%-7.4%-6.7%
Last twelve months (to 2026-06-30): 5.90x of profit came back as operating cash flow.
net debt / EBITDA -1.1x · capex 0.8x of depreciation
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Production & Reserves

Physical operating metrics — supplementary, not part of the financial statements

Coal (thermal + metallurgical, NSW/QLD Australia)

Proved reserves
640 Mt
2025
Reserve life (R/P)
16.6 yrs
reserves ÷ annual output
Annual production
38.60 Mt
2025

Proved reserves

YearReserves, Mt
2025640

Production

YearProduction, Mtper day, Mt
202538.600.11

Yancoal Annual Report 2025 (yancoal.com.au, ASX 31-Dec-25): attributable marketable P&P Coal Reserves 640 Mt at 31-Dec-25 (recoverable 850 Mt; 100%-basis marketable 960 Mt); CY2025 record attributable saleable production 38.6 Mt (100%-basis 50.8 Mt).

Key-commodity price — Steam coal AU

Current 139spot vs LTM +6%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: -53.0%

Main driver: Steam coal AU +16% vs LTM; revenue ×1.06 vs costs ×1.04; EBITDA 1 743→1 771; at 2.0× EV/EBITDA → -53%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $vs LTM, AUD3y vs LTM
Steam coal AU (rev)+65%139.00119.38129.85+16%+7%+9%
Coking coal AU (rev)+25%249.50215.32239.39+16%+6%+11%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue6 046
LTM EBITDA1 743
LTM cash costs (revenue − EBITDA)4 303
2 · Revenue projection
Revenue multiplier — spot×1.061 (+6%)
= Spot revenue6 417
Revenue multiplier — 3y price×1.005 (+0%)
= 3-year-price revenue6 075
3 · Costs projection
Cost multiplier — spot×1.040 (+4%)
= Spot cash costs4 475
Cost multiplier — 3y price×1.040 (+4%)
= 3-year-price cash costs4 475
4 · EBITDA projection (revenue − costs)
= Spot EBITDA1 942
= 3-year-price EBITDA1 600
Conservative EBITDA = min(spot, avg)1 771
5 · Valuation → target market cap
Historical EV/EBITDA (75th pct)2.0x
Target EV = EV/EBITDA × conservative EBITDA3 542
Net debt0
Target market cap = EV − net debt3 542
Current market cap7 538

Upside = target market cap ÷ current − 1 = -53.0%

Life of mine: 17 yrs

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2023 H13 9783 662+8.6%1 7831 322+34.8%
2023 H23 5803 313+8.0%1 724819+110.5%
2024 H13 1413 123+0.6%9371 037-9.6%
2024 H23 6253 161+14.7%1 5331 070+43.3%
2025 H12 7062 724-0.7%632512+23.5%
2025 H23 0222 964+2.0%1 181818+44.3%

Revenue growth & acceleration

Growth decelerating ▼
Last-year revenue growth -15% vs -10% the year before — a -4.9 pp move. 3-year CAGR -18%.
revenue growth by year: 2023 -28% · 2024 -10% · 2025 -15%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 2.6x · target 75th pct (3y) 5.2x · LTM avg 2.8x

EV/EBITDA (LTM)EV/EBITDA (projected)target 75th pct (projected, 3y)

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-03-180.122 AUDEx-dividend: 0.122 AUD per sharePaidYahoo Finance (ex-div)
2025-09-040.062 AUDEx-dividend: 0.062 AUD per sharePaidYahoo Finance (ex-div)
2025-03-120.52 AUDEx-dividend: 0.52 AUD per sharePaidYahoo Finance (ex-div)
2024-03-110.325 AUDEx-dividend: 0.325 AUD per sharePaidYahoo Finance (ex-div)
2023-09-050.37 AUDEx-dividend: 0.37 AUD per sharePaidYahoo Finance (ex-div)
2023-03-130.7 AUDEx-dividend: 0.7 AUD per sharePaidYahoo Finance (ex-div)
2022-09-050.5271 AUDEx-dividend: 0.5271 AUD per sharePaidYahoo Finance (ex-div)
2022-03-140.704 AUDEx-dividend: 0.704 AUD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Yancoal Australia (YAL) — from primary filings.

Yancoal Australia Ltd explores, develops, produces, and markets metallurgical and thermal coal from mines in New South Wales, Queensland, and Western Australia, with sales to customers across Asia, Europe, and other regions.

Frequently asked questions

What is Yancoal Australia (YAL)'s P/E ratio?
Yancoal Australia (YAL) trades at a P/E of 25.8x (price to trailing 12-month earnings).
What is Yancoal Australia (YAL)'s EV/EBITDA?
Yancoal Australia (YAL) trades at 3.2x EV/EBITDA.
What is Yancoal Australia (YAL)'s P/B ratio?
Yancoal Australia (YAL) trades at a P/B of 0.8x.
What is Yancoal Australia (YAL)'s dividend yield?
Yancoal Australia (YAL)'s trailing 12-month dividend yield is 3.2%.
What is Yancoal Australia (YAL)'s return on equity (ROE)?
Yancoal Australia (YAL)'s ROE is 0.4%.
What is Yancoal Australia (YAL)'s market capitalization?
Yancoal Australia (YAL)'s market cap is 7.6 bn AUD.

See also: Australian Stocks (2026): Iron Ore, Lithium, Gold and LNG on the ASX by Valuation · The Cheapest Coal Stocks (2026): Out of Favour, Cash-Rich, High-Yield · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map