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Best Thermal Coal stocks by quality

Of the 60 stocks listed here, none currently reaches the maximum quality score. The median valuation of the group comes out at 9.3 times its free cash flow.

The Thermal Coal stocks with the highest scores from our fundamental analysis, ranked from best to worst quality, with their valuation (P/FCF). Click a stock for its full analysis.

#StockQuality scoreP/FCF
1PT Ulima Nitra Tbk (UNIQ.JK)9/104.1x
2PT Exploitasi Energi Indonesia Tbk (CNKO.JK)8/101.4x
3Nan Nan Resources Enterprise Limited (1229.HK)8/101.8x
4New Hope Corporation Limited (NHC.AX)7/1013.2x
5NACCO Industries Inc (NC)7/105.4x
6PT Samindo Resources Tbk (MYOH.JK)7/104.2x
7PT Dwi Guna Laksana Tbk (DWGL.JK)7/108.8x
8Coal India Limited (COALINDIA.NS)7/109.3x
9Asia Green Energy Public Company Limited (AGE.BK)7/101.2x
10ZJMI Environmental Energy Co., Ltd. (603071.SS)7/103.4x
11Sumiseki Holdings,Inc. (1514.T)7/108.2x
12Salungano Group Limited (SLG.JO)6/101.1x
13PT Royaltama Mulia Kontraktorindo Tbk (RMKO.JK)6/103.6x
14Refex Industries Limited (REFEX.NS)6/10n.d.
15Park Elektrik Üretim Madencilik Sanayi ve Ticaret A.S. (PRKME.IS)6/10n.d.
16PT Prima Andalan Mandiri Tbk (MCOL.JK)6/105.7x
17Lanna Resources Public Company Limited (LANNA.BK)6/103.1x
18PT Golden Energy Mines Tbk (GEMS.JK)6/1011.4x
19PT Petrindo Jaya Kreasi Tbk (CUAN.JK)6/10n.d.
20PT Bayan Resources Tbk. (BYAN.JK)6/1027.2x
21PT Baramulti Suksessarana Tbk (BSSR.JK)6/105.9x
22Jinneng Holding Shanxi Coal Industry Co.,ltd. (601001.SS)6/1013.1x
23Yancoal Australia Ltd (3668.HK)6/1015.0x
24Caliber Mining and Logistics Limited (CMLL.NS)5/9n.d.
25Yancoal Australia Ltd (YAL.AX)5/1016.0x
26Whitehaven Coal Limited (WHC.AX)5/1012.3x
27PT Golden Eagle Energy Tbk (SMMT.JK)5/10n.d.
28Ruzy Madencilik ve Enerji Yatirimlari Sanayi ve Ticaret A.S. (RUZYE.IS)5/10n.d.
29Pacific Resources Limited (PXR.AX)5/10n.d.
30PT Bukit Asam (Persero) Tbk (PTBA.JK)5/1012.6x
31PT Resource Alam Indonesia Tbk (KKGI.JK)5/10n.d.
32PT Indo Tambangraya Megah Tbk (ITMG.JK)5/1010.3x
33PT Alfa Energi Investama Tbk (FIRE.JK)5/10n.d.
34Exxaro Resources Limited (EXX.JO)5/1013.1x
35PT Dian Swastatika Sentosa Tbk (DSSA.JK)5/10n.d.
36PT Darma Henwa Tbk (DEWA.JK)5/10n.d.
37PT Bumi Resources Tbk (BUMI.JK)5/10n.d.
38PT Alamtri Resources Indonesia Tbk (ADRO.JK)5/10n.d.
39PT ABM Investama Tbk (ABMM.JK)5/102.7x
40PT Adaro Andalan Indonesia Tbk (AADI.JK)5/1010.1x
41Shanxi Lu'an Environmental Energy Development Co., Ltd. (601699.SS)5/109.6x
42Shaanxi Coal Industry Company Limited (601225.SS)5/1013.9x
43Beijing Haohua Energy Resource Co., Ltd. (601101.SS)5/1021.4x
44China Shenhua Energy Company Limited (601088.SS)5/1035.6x
45Shanxi Coal International Energy Group Co.,Ltd (600546.SS)5/1012.1x
46SouthGobi Resources Ltd. (1878.HK)5/10n.d.
47Huili Resources (Group) Limited (1303.HK)5/102.0x
48Kinetic Development Group Limited (1277.HK)5/1015.9x
49Ares Asia Limited (0645.HK)5/10n.d.
50Yari Resources Ltd (YAR.AX)4/10n.d.
51Thungela Resources Limited (TGA.JO)4/10n.d.
52TerraCom Limited (TER.AX)4/108.5x
53PT Sumber Global Energy Tbk (SGER.JK)4/10n.d.
54MC Mining Limited (MCZ.JO)4/10n.d.
55MC Mining Limited (MCM.AX)4/10n.d.
56PT Mitrabara Adiperdana Tbk (MBAP.JK)4/10n.d.
57PT MNC Energy Investments Tbk (IATA.JK)4/10n.d.
58HMS Bergbau AG (HMU.DE)4/10n.d.
59PT Garda Tujuh Buana Tbk (GTBO.JK)4/10n.d.
60Gujarat Mineral Development Corporation Limited (GMDCLTD.NS)4/10n.d.

Our quality score judges how solid a business is across 10 objective financial criteria (profitability, free cash flow growth, share buybacks, debt, return on capital). The P/FCF (price to free cash flow) shows whether the stock is cheap or expensive. Full method: our methodology.

To place these multiples against sector averages, the reference public sector data is Aswath Damodaran's (NYU Stern).

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