Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh (AU:CRN)
ASX:CRN
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Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh
(Sydney:CRN)
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Rating:44Neutral
Price Target:
AU$0.26
▼(-14.33% Downside)
Action:ReiteratedDate:02/25/26
The score is held down primarily by weak current financial performance (loss-making with negative operating/free cash flow and higher leverage). Technical indicators also point to a weak trend and negative momentum. Valuation is partially supported by the dividend yield, but the negative P/E reflects underlying losses and limits upside confidence.
Positive Factors
Metallurgical coal specialization
Focus on metallurgical (coking) coal for blast-furnace steelmaking aligns the company with a structurally essential industrial input. That product focus supports durable demand from steelmakers, tighter market dynamics versus thermal coal, and clearer revenue drivers across cycles.
Negative Factors
Collapsed profitability / negative margins
TTM gross margin of roughly 5% and net margin around -17% reflect a sharp deterioration from prior profitable years. Sustained losses erode retained earnings, limit reinvestment and maintenance, and heighten dependency on external capital, weakening long-term operational sustainability if prolonged.
Read all positive and negative factors
Positive Factors
Negative Factors
Metallurgical coal specialization
Focus on metallurgical (coking) coal for blast-furnace steelmaking aligns the company with a structurally essential industrial input. That product focus supports durable demand from steelmakers, tighter market dynamics versus thermal coal, and clearer revenue drivers across cycles.
Read all positive factors
Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh (CRN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$452.64M
Dividend Yield4.79%
Average Volume (3M)11.73M
Price to Earnings (P/E)―
Beta (1Y)1.76
Revenue Growth-20.52%
EPS Growth-306.32%
CountryAU
Employees1,951
SectorBasic Materials
Sector Strength58
IndustryCoal
Share Statistics
EPS (TTM)-0.04
Shares Outstanding1,676,453,700
10 Day Avg. Volume8,600,507
30 Day Avg. Volume11,731,932
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.55
Price to Sales (P/S)0.18
P/FCF Ratio-1.07
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.43Price Target Upside43.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)<0.01
Revenue Forecast (FY)AU$2.45B
Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh Business Overview & Revenue Model
Company Description
Coronado Global Resources Inc., together with its subsidiaries, produces, markets, and exports metallurgical coal. The company owns a portfolio of operating mines and development projects in Queensland, Australia; and Virginia, West Virginia, and ...
How the Company Makes Money
Coronado primarily makes money by mining, processing, and selling metallurgical coal to steelmakers and coal trading/marketing customers. Revenue is generated from contracted and spot sales of met coal, typically priced using benchmark-linked mark...
Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh Earnings Call Summary
Earnings Call Date:Feb 23, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 10, 2026
Earnings Call Sentiment Positive
The call conveyed a clear operational and financial turnaround: production and sales volumes improved, unit costs materially declined, expansion projects (Buchanan and Mammoth) delivered incremental capacity, and balance-sheet and liquidity positions were strengthened through a $265M ABL facility and Stanwell support expected to add $200–$250M in FY2026. Near-term challenges include two recent fatalities under investigation, Cyclone Koji and rail/port disruptions affecting Q1 timing, Mammoth regulatory directives that temporarily constrain coal-winning activity, and structural softness/uncertainty in the U.S. high-vol met coal market. On balance, operational momentum, cost reductions, completed capital investments and robust liquidity mechanisms outweigh the near-term operational and safety headwinds, positioning the company for stronger cash generation if market prices hold.Positive Updates
Higher Annual Saleable Production
Full-year saleable production of 16.0 million tonnes, a 4% increase year-on-year, with exit run rates that outperformed guidance and the highest quarterly and half-year sales volumes since 2021.
Negative Updates
Two Fatal Incidents and Ongoing Safety Investigations
Two tragic fatalities occurred since mid-December (one in the U.S. and one in Australia). Investigations are ongoing, with regulator engagement at Mammoth (Section 201 report due within the 20-day milestone) and directives currently constraining some coal-winning activities until cleared.
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Q4-2025 Updates
Positive
Negative
Higher Annual Saleable Production
Full-year saleable production of 16.0 million tonnes, a 4% increase year-on-year, with exit run rates that outperformed guidance and the highest quarterly and half-year sales volumes since 2021.
Read all positive updates
Company Guidance
The company guided that FY25 delivered 16.0 Mt saleable production (+4% y/y) and exited the year with run‑rates outperforming guidance, with Q4 the highest quarterly sales since 2021 (sales +11% QoQ); FY25 group average mining cost was ~$97.6/t (vs $107/t in FY24 and $108/t in FY23) at an average FX of $0.645, ROM production cost ~$56/t (15% improvement over two years) and operating costs reduced by ~ $300m YoY; FY25 CapEx was $245m (bottom of guidance) with $38m in Q4; Curragh 2H saleable production was ~36% higher than 1H and consistently >1 Mt/month, both Curragh and Buchanan averaged ~ $86/t over the last three quarters, Mammoth ran three panels and achieved ~2 Mt/year run‑rate in Q4 (Q4 mining cost below the low end of guidance) and CHPP upgrades/2‑week Feb plant shutdown may moderate March‑quarter volumes but are expected to lift margin, Buchanan’s expansion added ~1 Mt incremental saleable tonnes and system capacity is ~16% above pre‑investment levels (December: ~400 kt saleable, ~$20m EBITDA and $67/t unit rate; month PLV ~$212/t), liquidity closed Dec with $173m cash, drew a 5‑year $265m covenant‑light ABL at 9% (no earnings covenants for two years) and repaid Oaktree, Stanwell provided $150m mid‑2025 and the reset is expected to add ~ $200–250m cashflow in FY26 (rebate forgiveness ~ $100m plus prepayments; triggers tied to cash balances <$250m/<$200m), high‑yield notes mature 2029, and management expects lower FY26 CapEx, continued cost control, higher volumes from expansions, stronger cash generation and will release FY25 results and formal FY26 guidance on 24 Feb 2026.Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh Financial Statement Overview
Summary
Income Statement
27
Negative
Balance Sheet
52
Neutral
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.02B | 2.44B | 2.83B | 5.25B | 2.96B |
| Gross Profit | -29.13M | 729.88M | 1.10B | 2.21B | 1.04B |
| EBITDA | -129.47M | 80.28M | 341.28M | 1.78B | 661.28M |
| Net Income | -447.12M | -108.88M | 156.06M | 1.13B | 260.71M |
Balance Sheet | |||||
| Total Assets | 2.99B | 2.52B | 2.68B | 3.75B | 3.39B |
| Cash, Cash Equivalents and Short-Term Investments | 173.15M | 339.63M | 361.20M | 491.54M | 602.72M |
| Total Debt | 892.23M | 530.92M | 322.74M | 395.09M | 473.23M |
| Total Liabilities | 2.34B | 1.44B | 1.43B | 2.13B | 1.90B |
| Stockholders Equity | 650.18M | 1.07B | 1.25B | 1.62B | 1.48B |
Cash Flow | |||||
| Free Cash Flow | -336.11M | -174.10M | 31.08M | 1.07B | 484.94M |
| Operating Cash Flow | -82.79M | 74.04M | 268.28M | 1.36B | 608.34M |
| Investing Cash Flow | -309.15M | -226.34M | -238.17M | -208.34M | -134.33M |
| Financing Cash Flow | 215.23M | 162.76M | -24.68M | -784.25M | 80.84M |
Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh Technical Analysis
Negative
0.30
Price Trends
0.33
Negative
0.34
Negative
0.31
Negative
Market Momentum
>-0.01
Positive
44.72
Neutral
38.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CRN, the sentiment is Negative. The current price of 0.3 is below the 20-day moving average (MA) of 0.32, below the 50-day MA of 0.33, and below the 200-day MA of 0.31, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.72 is Neutral, neither overbought nor oversold. The STOCH value of 38.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CRN.
Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$9.28B | 14.86 | 4.93% | 11.73% | -13.48% | -63.82% | |
66 Neutral | AU$4.36B | 17.50 | 5.87% | 8.48% | -20.55% | -72.75% | |
66 Neutral | AU$6.30B | 23.23 | 11.25% | 1.92% | -13.80% | 268.90% | |
62 Neutral | AU$2.01B | -42.81 | -4.42% | 7.32% | -19.76% | -125.65% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | AU$134.43M | -13.68 | -2.06% | ― | -28.30% | -114.94% | |
44 Neutral | AU$452.64M | -0.80 | -52.66% | 4.79% | -20.52% | -306.32% |
* Basic Materials Sector Average
AU:CRN
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.