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How to buy New Hope Corporation (NHC) shares in Australia

Learn how to easily invest in New Hope Corporation shares.

New Hope Corporation is a thermal coal business based in Australia. New Hope Corporation shares (NHC) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. New Hope Corporation has a trailing 12-month revenue of around $2.8 billion. If you're looking to buy shares, check out the steps below.

How to buy shares in New Hope Corporation

  1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the ASX. Our table can help you choose.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, such as your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  3. Search for New Hope Corporation. Find the share by name or ticker symbol: NHC. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until New Hope Corporation reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  6. Check on your investment. Congratulations, you own a part of New Hope Corporation. Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.

New Hope Corporation stock price (ASX:NHC)

Use our graph to track the performance of NHC stocks over time.

New Hope Corporation shares at a glance

Information last updated 2023-11-27.
52-week range$4.4572 - $6.6721
50-day moving average $5.8786
200-day moving average $5.5005
Target price$4.76
PE ratio 4.28
Dividend yield $0.51 (7.79%)
Earnings per share (TTM) $1.19

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Is it a good time to buy New Hope Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

New Hope Corporation price performance over time

Historical closes compared with the last close of A$5.21

1 week (2023-11-23) -2.07%
1 month (2023-11-03) -4.05%
3 months (2023-09-01) -10.17%
6 months (2023-06-02) 8.77%
1 year (2022-12-02) -9.23%
2 years (2021-12-03) 152.91%
3 years (2020-12-03) 276.17%
5 years (2018-12-03) 49.71%

Is New Hope Corporation under- or over-valued?

Valuing New Hope Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of New Hope Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

New Hope Corporation's P/E ratio

New Hope Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 4x. In other words, New Hope Corporation shares trade at around 4x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

New Hope Corporation's EBITDA

New Hope Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $1.8 billion (£0.0 million).

The EBITDA is a measure of a New Hope Corporation's overall financial performance and is widely used to measure a its profitability.

New Hope Corporation financials

Revenue TTM $2.8 billion
Operating margin TTM 54.97%
Gross profit TTM $1.8 billion
Return on assets TTM 30.69%
Return on equity TTM 44.96%
Profit margin 39.48%
Book value 2.983
Market capitalisation $4.6 billion

TTM: trailing 12 months

New Hope Corporation share dividends


Dividend payout ratio: 16.03% of net profits

Recently New Hope Corporation has paid out, on average, around 16.03% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 7.79% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), New Hope Corporation shareholders could enjoy a 7.79% return on their shares, in the form of dividend payments. In New Hope Corporation's case, that would currently equate to about A$0.51 per share.

While New Hope Corporation's payout ratio might seem low, this can signify that New Hope Corporation is investing more in its future growth.

The latest dividend was paid out to all shareholders who bought their shares by 23 October 2023 (the "ex-dividend date").

Have New Hope Corporation's shares ever split?

New Hope Corporation's shares were split on a 1.0232:1 basis on 21 October 2008. So if you had owned 1 share the day before the split, the next day you would own 1.0232 shares. This wouldn't directly have changed the overall worth of your New Hope Corporation shares – just the quantity. However, indirectly, the new 2.3% lower share price could have impacted the market appetite for New Hope Corporation shares which in turn could have impacted New Hope Corporation's share price.

New Hope Corporation share price volatility

Over the last 12 months, New Hope Corporation's shares have ranged in value from as little as $4.4572 up to $6.6721. A popular way to gauge a stock's volatility is its "beta".

Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while New Hope Corporation's is 0.377. This would suggest that New Hope Corporation's shares are less volatile than average (for this exchange).

New Hope Corporation overview

New Hope Corporation Limited explores for, develops, produces, and processes coal, and oil and gas properties. It operates through three segments: Coal Mining in Queensland, Coal Mining in New South Wales, and Other. The company holds interests in two open cut coal mines that produces thermal coal, which include the New Acland project located in Oakey, Queensland; and the Bengalla mine situated in the Hunter Valley region of New South Wales. It also holds 849 square kilometers of net oil-producing acreage in nine production projects located in the Cooper-Eromanga Basin. In addition, the company engages in the farming, grazing, and land management activities; and operation of bulk handling facility comprising receiving, storage, and shipping of coal, construction sand and aggregates, chips and pellets, and mineral sands, as well as raw and processed minerals, such as bauxite, manganese, diatomite, etc. Further, it is involved in port operation and handling; logistics; and marketing activities. The company has operations in Japan, China, Taiwan, Chile, Korea, Vietnam, India, Australia, and internationally. The company was founded in 1952 and is headquartered in Brisbane, Australia.

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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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