Conservative Balance Sheet / Very Low LeverageExceptionally low debt-to-equity provides durable financial flexibility across cycles. It reduces refinancing and interest-rate risk, supports sustained dividends, funds capex or strategic investments without external funding, and improves resilience to coal price volatility.
Strong Sector-relative Margins And ProfitabilityRobust gross and net margins reflect scale, vertical integration (mining, power, logistics) and pricing power in coal and electricity segments. These durable profitability levels underpin cash generation capacity and competitive positioning even if volumes fluctuate.
High Dividend Yield Supported By Positive Free Cash FlowA very high dividend yield, paired with material free cash flow (TTM FCF ~31.7B), indicates management returns excess cash to shareholders. Given the conservative balance sheet and ongoing FCF, shareholder distributions are more likely to be sustainable over the medium term.