Coronado Global Resources Inc.

CODQL

Coronado Global Resources Inc., together with its subsidiaries, produces, markets, and exports metallurgical coal in Asia, North America, South America, Europe, and Australia. The company owns 100% interests in the Curragh mining property located in the Bowen Basin of Queensland, Australia; and the Buchanan and the Logan properties, as well as development mining properties comprising the Mon...

Country: United StatesPrice: $0.18Market Cap: $310.2M

Company Profile

Industry: Coal
SIC Sector: Coal Mining
Size: Small Cap($310.2M)
Revenue: $1.9B-22.2% YoY
Net Income: $432.1M-296.8% YoY

Financial Snapshot

Operating Margin-17.0%
Return on Equity-66.5%
Debt / Equity1.06
Current Ratio1.55
EPS (Diluted)$-2.58−79.8%
Shares Retired0.0% / 0.0% 2y

Similar Companies

HCCWARRIOR MET COAL, INC.
$5.2B
CNRCore Natural Resources, Inc.
$4.8B
ARLPALLIANCE RESOURCE PARTNERS LP
$3.3B
BTUPEABODY ENERGY CORP
$3.1B

Shareholder Return

Fiscal 2025

Retired 0.0% of shares last year, 0.0% over two.

Buybacks
—
Dividends
$8.3M

What drove EPS

A buyback raises earnings per share without the company earning more. This splits each year's change into the two.

FY22
280.2% = 307.4% + −6.7%
FY23
−79.8% = −79.8% + −0.0%
Earnings Fewer shares More shares

The two parts do not sum exactly to the total — the difference is the cross-term, plus preferred capital where the company has any. It is left visible rather than distributed into the other two.

Share count is the denominator the filer used for diluted EPS, recovered as net income ÷ EPS — not the balance-sheet count, which is a point-in-time figure and would put the timing difference into this split. Years with a loss are omitted: a smaller share count makes a loss per share larger, so the decomposition inverts.

Company Financials

Annual data (10-K) · Last 5 years

MetricFY 2025FY 2024FY 2023FY 2022FY 2021
Market Cap$310.2M$69.2Mest.$179.4Mest.$225.6Mest.$197.0Mest.
Revenue$1.9B↓22%$2.5B↓13%$2.9B↓19%$3.6B↑66%$2.1B
Operating Income-$331.7M↓317%-$79.5M↓146%$172.0M↓84%$1.0B↑246%$302.4M
Net Income-$432.1M↓297%-$108.9M↓170%$156.1M↓80%$771.7M↑307%$189.4M
EPS (Diluted)$-2.58↓297%$-0.65↓170%$0.93↓80%$4.60↑280%$1.21
Gross Margin21.8%↓31%31.6%↓21%40.1%↓30%57.6%↑30%44.4%
Operating Margin-17.0%↓436%-3.2%↓153%5.9%↓80%29.3%↑108%14.1%
ROE-66.5%↓555%-10.1%↓181%12.5%↓82%70.0%↑298%17.6%
Total Debt$688.3M↑66%$413.7M↑76%$235.3M↑1749%$12.7M↓43%$22.3M
Shareholders' Equity$649.7M↓39%$1.1B↓14%$1.2B↑13%$1.1B↑2%$1.1B
Current Ratio1.55↓23%2.01↑8%1.86↑13%1.65↓14%1.91
Debt / Equity1.06↑175%0.39↑104%0.19↑1537%0.01↓44%0.02
Operating Cash Flow-$80.0M↓208%$74.0M↓72%$268.3M↓71%$926.6M↑110%$442.0M
Free Cash Flow-$324.8M↓87%-$174.1M↓660%$31.1M↓96%$726.9M↑106%$352.4M
Scored from 10-K1d ago
MetricMarks

Risk-Aware Value

Akre

Three-Legged Stool

Druckenmiller

Macro-Enhanced Growth

Spier

Value Checklist

Pabrai

Dhandho Framework

Munger

Quality Focus

Ackman

Activist Value

Piotroski

F-Score

Greenblatt

Magic Formula

Lynch

GARP

Buffett

Quality Compounder

Graham

Defensive Value

VerdictHOLDFAILPASSBUYBUYPASSFAILFAILNot rankedFAILFAILFAIL
Score
Analysis
Intrinsic ValueN/AN/AN/AN/AN/AN/AN/AN/AN/A
Margin of Safety+97.7%+98.1%N/AN/AN/AN/AN/A+95.3%N/AN/AN/AN/A
Data As Of10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)

Where They Agree

  • Debt & Leverage

    All 8 investors flag CODQL's debt & leverage

    Interest Coverage & Debt/EBITDAIC=-5.6x, D/EBITDA=N/A
    ✗MarksInterest Coverage > 3x; Debt/EBITDA < 4x
    Debt Levels1.06
    ✗AkreDebt/Equity < 0.3✗MungerDebt/Equity < 0.5
    Total Debt / Shareholders Equity1.06
    ✗Ackman<= 1.0
    LT Debt / Total Assets Change16.32% -> 26.09%
    ✗PiotroskiDecreased YoY
    Show 4 more metrics ▾
    Total Debt / Equity1.06
    ✗Lynch< 0.33
    Cash - Long-term Debt
    ✗LynchPositive preferred
    Debt/Equity & Interest CoverageD/E: 1.06, IC: -5.6x
    ✗BuffettD/E < 0.5 AND Interest Coverage > 5x
    LT Debt vs Net Current AssetsLT Debt $685.0M vs NCA $249.7M
    ✗GrahamLT Debt <= Net Current Assets
  • Growth

    All 5 investors flag CODQL's growth

    Positive Net Income Frequency6/9 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    EPS Growth AccelerationLatest: -296.9%, Prior: -169.9%
    ✗DruckenmillerAccelerating EPS growth
    Revenue Growth RateLatest: -22.2%, Prior: -13.2%
    ✗DruckenmillerRevenue growth accelerating
    3yr Median Revenue Growth-19.1%
    ✗Ackman>= 5%
    Show 5 more metrics ▾
    Positive EPS Growth Frequency
    ✗AckmanPositive EPS growth in >= 3 of last 5 years
    P/E / EPS Growth Rate
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    Inventory Growth vs Revenue GrowthInv: 25.3% vs Rev: -22.2%
    ✗LynchInventory growth < Revenue growth
    EPS Growth (3-yr avg, 10-yr window)
    ✗Graham>= 33% growth
  • Valuation models

    CODQL undervalued: all 3 models price fair value above $0.18 (median $8.07)

    Marks fair value$8.07
    ✓Marks+97.7% margin vs $0.18
    Akre fair value$9.73
    ✓Akre+98.1% margin vs $0.18
    Piotroski fair value$3.88
    ✓Piotroski+95.3% margin vs $0.18

Where They Disagree

  • Profitability

    1 of 11 pass — Marks, Akre, Druckenmiller +7 more object

    Margin of SafetyP/B=0.1x
    ✗SpierP/E < 15 AND P/B < 2.0✓PabraiP/B < 1.5 or P/E < 15
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Positive Net Income Frequency6/9 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    Return on Equity-21.4% (3-yr avg)
    ✗AkreROE > 20% (3-year avg)
    Show 19 more metrics ▾
    EPS Growth AccelerationLatest: -296.9%, Prior: -169.9%
    ✗DruckenmillerAccelerating EPS growth
    Operating Income / Revenue-17.0%
    ✗Ackman>= 15%
    Net Income / Shareholders Equity-66.5%
    ✗Ackman>= 15%
    Net Income / Total Assets-16.46%
    ✗PiotroskiROA > 0
    ROA Change YoY-4.32% -> -16.46% (delta: -12.13%)
    ✗PiotroskiCurrent ROA > Prior ROA
    (CFO / Total Assets) vs ROACFO/Assets=-3.05%, ROA=-16.46%
    ✓PiotroskiCFO/Assets > ROA
    Gross Margin Change YoY31.6% -> 21.8%
    ✗PiotroskiImproved YoY
    EBIT / Enterprise Value-45.6%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=-45.6%, ROC=-17.4%
    ✗GreenblattBoth EY > 10% and ROC > 25%
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    ROE-66.5%
    ✗Lynch> 15%
    Net Income Positive (10+ years)6/10 years positive
    ✗BuffettPositive every year for 10+ years
    ROE (5-yr avg)4.7%
    ✗Buffett> 15% (5-yr avg)
    Operating Margin (10-yr trend)-17.0% (latest)
    ✗BuffettStable or rising over 10 years
    Free Cash Flow Proxy$-491.5M
    ✗BuffettPositive and growing
    Earnings Variance (10-yr CoV)
    ✗BuffettCoV < 0.3
    Retained Earnings Effectiveness
    ✗Buffett$1 retained -> > $1 market value created
    Positive EPS (10 years)5/10 years positive
    ✗GrahamPositive EPS every year for 10 years
    EPS Growth (3-yr avg, 10-yr window)
    ✗Graham>= 33% growth
  • Valuation

    1 of 9 pass — Marks, Spier, Pabrai +5 more object

    P/B or P/E vs. Historical AverageP/B=0.1x
    ✓MarksP/E < 15 or P/B < 2.0
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Price vs. 200-day MAQualitative
    ✓DruckenmillerPrice above 200-day moving average
    Margin of SafetyP/B=0.1x
    ✗SpierP/E < 15 AND P/B < 2.0
    Show 9 more metrics ▾
    P/E or FCF YieldFCF Yield=-831.6%
    ✗PabraiP/E < 15 or FCF Yield > 10%
    Valuation ReasonablenessOE Yield=-1258.5%
    ✗MungerP/E < 25 or Owner Earnings Yield > 5%
    Price / FCF per ShareN/A (negative FCF)
    ✗Ackman<= 25
    EBIT / Enterprise Value-45.6%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=-45.6%, ROC=-17.4%
    ✗GreenblattBoth EY > 10% and ROC > 25%
    P/E / EPS Growth Rate
    ✗Lynch< 1.0 (ideally < 0.5)
    Price / 3-yr avg EPS
    ✗Graham<= 15x
    Price-to-Book Ratio0.1x
    ✓Graham<= 1.5x
    P/E x P/B
    ✗Graham<= 22.5
  • Cash Flow

    1 of 6 pass — Pabrai, Ackman, Piotroski +2 more object

    FCF Positive6/9 years FCF positive
    ✓MarksPositive FCF in majority of recent years
    P/E or FCF YieldFCF Yield=-831.6%
    ✗PabraiP/E < 15 or FCF Yield > 10%
    (OCF - CapEx) / Market Cap-831.6%
    ✗Ackman>= 4%
    Price / FCF per ShareN/A (negative FCF)
    ✗Ackman<= 25
    Show 4 more metrics ▾
    Operating Cash Flow$-80.0M
    ✗PiotroskiCFO > 0
    (CFO / Total Assets) vs ROACFO/Assets=-3.05%, ROA=-16.46%
    ✓PiotroskiCFO/Assets > ROA
    FCF Positive and Growing$-324.8M
    ✗LynchPositive and growing
    Free Cash Flow Proxy$-491.5M
    ✗BuffettPositive and growing
  • Efficiency

    1 of 6 pass — Akre, Munger, Piotroski +2 more object

    ROIC (high and growing)4/8 years ROIC > 15% (latest: -19.6%)
    ✓AkreROIC > 15% for 3+ years
    Reinvestment Rate x ROICN/A (non-positive net income)
    ✗AkreReinvestment Rate * ROIC > 10%
    Return on Invested Capital-19.6%
    ✗Munger> 15%
    Current Ratio Change YoY2.01 -> 1.55
    ✗PiotroskiIncreased YoY
    Show 5 more metrics ▾
    Revenue / Total Assets Change YoY1.00x -> 0.74x
    ✗PiotroskiImproved YoY
    EBIT / (NWC + Net Fixed Assets)-17.4%
    ✗Greenblatt> 25%
    ROIC (3-5 yr avg)16.2%
    ✓Buffett> 10%
    ROIC - WACC+6.2%
    ✓BuffettPositive (WACC = 10%)
    Current Ratio1.55
    ✗Graham>= 2.0
  • Verdicts

    Split decision: 6 FAIL · 2 PASS · 2 BUY · 1 HOLD

    Overall verdict
    •MarksHOLD (5/8)✗AkreFAIL (2/7)✓DruckenmillerPASS (4/7)✓SpierBUY (7/8)✓PabraiBUY (7/8)✓MungerPASS (4/7)✗AckmanFAIL (1/9)✗PiotroskiFAIL (F-Score 2)•GreenblattNot ranked✗LynchFAIL (0/7)✗BuffettFAIL (2/9)✗GrahamFAIL (2/9)

Historical Score Timeline

Industry Peers

Similar companies in Coal

CODQL vs Peers — Financial Grading

Revenue$1.9BMedian
Net Income$432.1MBottom 25%
ROE-66.5%Bottom 25%
D/E1.06Bottom 25%
Op. Margin-17.0%Bottom 25%
Curr. Ratio1.55Bottom 25%
CompanyMarket CapPriceRevenueNet IncomeROED/EOp. MarginCurr. RatioGrahamBuffettLynchGreenblattPiotroski
WARRIOR MET COAL, INC.HCC$5.2B$98.20$1.3B$57.0M2.7%0.073.5%3.193/95/93/70/3F-Score 4
Core Natural Resources, Inc.CNR$4.8B$95.94$4.2B$153.2M-4.2%0.13-4.4%1.603/94/92/70/3F-Score 3
ALLIANCE RESOURCE PARTNERS LPARLP$3.3B$25.42$2.2B$311.2M16.9%0.2417.6%2.104/97/95/71/3F-Score 4
PEABODY ENERGY CORPBTU$3.1B$25.48$3.9B$42.5M-1.2%—-2.1%1.853/94/90/70/3F-Score 4
Alpha Metallurgical Resources, Inc.AMR$2.1B$166.05$2.1B$61.7M-4.0%0.00-2.9%4.476/94/92/70/3F-Score 4
NATURAL RESOURCE PARTNERS LPNRP$1.4B$104.56$207.3M$136.4M21.6%0.0769.6%1.853/95/96/70/3F-Score 5
Ramaco Resources, Inc.METCZ$1.1B$25.35$536.6M$51.4M-10.6%0.97-10.4%5.463/94/91/70/3F-Score 3
NACCO INDUSTRIES INCNC$321.8M$42.64$277.2M$17.6M4.1%0.237.9%3.095/92/94/70/3F-Score 6