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Master Zou

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Submitted By zazamasez56
Words 3239
Pages 13
Corporate Financial Analysis 25743 Autumn Semester 2012

Assignment 1 ON

Done By:

Student Name Ai Ling HONG Wendy LUONG David PARK Peichao WANG Ying ZHU

Student Number 11261308 11159249 11174354 11282047 10679140

Page 1

Table of Contents:
1. Business Description 2. Whitehaven Coal Ltd’s Performance Vs ASX200 Energy Index 2.1 Profitability Ratios 2.2 Asset Utilization Ratios 2.3 Capitalisation Ratios 2.4 Market Ratios 3. Quality of Financial Data 4. Revenue & Profitability Growth Forecast 4.1 Industry Life Cycle 4.2 Sustainable Growth Rate 4.3 Macroeconomic and Technological Factors Affecting Growth Rate 5. Business Risks: Porter’s 5 Forces 5.1 Threat of New Entrants 5.2 Bargaining Power of Suppliers 5.3 Bargaining Power of Buyers 5.4 Threat of Substitutes 5.5 Rivalry Among Existing Competitors 6. Recommendation Pg 3 Pg 3 − 5

Pg 5 Pg 6

Pg 7 − 8

Pg 9

Page 2

1. Business Description
ASX Ticker: WHC Current Share Price (5th April 2012) Market Capitalisation Shares Outstanding Revenue from Ordinary Activities FY11 NPAT FY11 Diluted EPS (cents)

Whitehaven Coal Ltd is an Australian listed company whose main
$5.67 operations involve developing and operating coalmines in NSW. $2, 814m 496m and the development of the Narrabi underground mine. Initial

Currently, its focus is on coal production in the Gunnedah Basin

resource assessment by WHC projected that the Gunnedah Basin is $622.19m able to support at least 1.5 million tonne per annum (Mtpa) $9.95m production of open-cut coal for the company itself. That makes 2 WHC the biggest coal producer in the Gunnedah Basin.

Source: Australian Securities Exchange

2. WHC’s Financial Performance Vs ASX200 Energy Index (5-Year Comparison)
In performing comparative analysis on WHC, we decided that the best possible approach was to use an index, specifically the ASX200 energy index. The

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