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Home CompaniesThungela Resources Limited

Thungela Resources Limited

Energy Thermal Coal
PortfolioPortfolio WatchlistWatchlist
Company price
7.36 USD -0.30 ( 3.92%)
Last update at 2026-11-06T14:30:00Z
VOLUME
500
Market Cap
1122.56M
P/E
1.86

Momentum Score

…

Thungela Resources Limited engages in the mining and production of thermal coal in South Africa. It owns interests in and produces its thermal coal from mining operations in the Mpumalanga province of South Africa, including Goedehoop colliery, Greenside colliery, Isibonelo colliery, Khwezela colliery, Zibulo colliery, Mafube colliery, and Rietvlei colliery. The company also exports its products to Indian, Asian, SEA, the Middle East, and North African markets. The company was founded in 1945 and is based in Johannesburg, South Africa.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
7.36
Low
7.36
High
52 Week Price Range
6.32
Low
12.11
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Thungela Resources is a South African thermal coal producer focused on export and domestic supply from established mines, with shares listed in Johannesburg and London and traded OTC in the U.S. Long-term drivers include sustained coal demand in certain markets, operational cash generation from existing assets, and the potential for disciplined capital allocation, which may make the company attractive to investors seeking direct commodity exposure. Key risks include structural demand decline from the global energy transition, volatile coal prices, and material operational and regulatory exposure in South Africa such as logistics, power availability, and environmental constraints.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
7.66
Dividend Yield
33.45%
Revenue TTM
38936.00M
Revenue Per Share
287.01
Gross Profit TTM
38183.00M
Debt / Equity
0.01
ROE
47.28%
Net Debt
-14627.00M
ROCE
84.28%
Diluted EPS TTM
4.40

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 24143.00M 7509.00M -4747.00M -7777.00M 7007.00M
Minority interest -1217.00M -509.00M 290.00M -38.00M -727.00M
Net income 16988.00M 6429.00M -4334.00M -7700.00M 4461.00M
Selling general administrative 809.00M 473.00M - 4057.00M 3648.00M
Selling and marketing expenses - - - 4057.00M 3648.00M
Gross profit 40139.00M 20346.00M 18588.00M 8971.00M 14345.00M
Reconciled depreciation 1197.00M 1018.00M 1073.00M 1242.00M 1659.00M
Ebit 29690.00M 9632.00M -1859.00M -290.00M 5950.00M
Ebitda 30887.00M 10650.00M -786.00M 952.00M 7609.00M
Depreciation and amortization 1197.00M 1018.00M 1073.00M 1242.00M 1659.00M
Operating income 29690.00M 9632.00M -4344.00M -7735.00M 6417.00M
Other operating expenses 23238.00M 17544.00M 20615.00M 18986.00M 18931.00M
Interest expense 738.00M 680.00M 571.00M 417.00M 410.00M
Tax provision 5938.00M 571.00M -123.00M -115.00M 1819.00M
Interest income 787.00M 114.00M 178.00M 22.00M 17.00M
Net interest income 223.00M -177.00M -393.00M -200.00M -303.00M
Income tax expense 5938.00M 571.00M -123.00M -115.00M 1819.00M
Total revenue 50753.00M 26282.00M 18588.00M 18592.00M 24545.00M
Total operating expenses 12624.00M 11608.00M 20615.00M 9365.00M 8731.00M
Cost of revenue 10614.00M 5936.00M - 9621.00M 10200.00M
Total other income expense net -5547.00M -2123.00M -403.00M -42.00M 590.00M
Net income from continuing ops 18205.00M 6938.00M -4624.00M -7662.00M 5188.00M
Net income applicable to common shares - 6429.00M -330.00M - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 40575.00M 31285.00M 21899.00M 18411.00M 22178.00M
Intangible assets 74.00M 110.00M 149.00M 124.00M 31.00M
Other current assets 284.00M 695.00M - - -
Total liab 14416.00M 12811.00M 13574.00M 11738.00M 11457.00M
Total stockholder equity 26273.00M 16573.00M 6795.00M 4807.00M 8918.00M
Other current liab 3169.00M 2456.00M 1196.00M 2679.00M 3277.00M
Common stock 11323.00M 10041.00M 11334.00M - -
Capital stock 11323.00M 10041.00M 11334.00M - -
Retained earnings 11453.00M 3039.00M -299.00M - -
Other liab - 8458.00M 6555.00M - -
Good will 8.00M 8.00M 9.00M 47.00M 318.00M
Other assets - 3839.00M 3035.00M - -
Cash 14780.00M 8726.00M 2688.00M 104.00M 313.00M
Total current liabilities 5349.00M 4261.00M 5926.00M 4829.00M 4744.00M
Net debt -14627.00M -8542.00M -2316.00M 115.00M -313.00M
Short term debt 91.00M 92.00M 245.00M 204.00M -
Short long term debt 60.00M 63.00M 221.00M 203.00M 0.00M
Short long term debt total 153.00M 184.00M 372.00M 219.00M -
Other stockholder equity 3497.00M 3493.00M -4240.00M - -
Property plant equipment - 10568.00M 8436.00M - -
Total current assets 23798.00M 16374.00M 7504.00M 4891.00M 4889.00M
Net tangible assets - 16455.00M 2603.00M - -
Short term investments 31.00M 31.00M - - -
Net receivables 4907.00M 4366.00M 3474.00M 1939.00M 2646.00M
Long term debt - 0.00M - - -
Inventory 3181.00M 2546.00M 1211.00M 1317.00M 1123.00M
Accounts payable 2089.00M 1713.00M 4485.00M 1946.00M 1467.00M
Non currrent assets other 3543.00M 3492.00M 4117.00M 3316.00M 3392.00M
Non current assets total 16777.00M 14911.00M 14395.00M 13520.00M 17289.00M
Capital lease obligations 93.00M 121.00M 151.00M 16.00M 0.00M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -2840.00M -294.00M -4.00M -4007.00M -630.00M
Change to liabilities - -842.00M 162.00M - -
Total cashflows from investing activities - -2379.00M -410.00M - -
Net borrowings - -597.00M 430.00M - -
Total cash from financing activities -10758.00M 4628.00M 3365.00M 3703.00M -5406.00M
Net income 24143.00M 7509.00M -4824.00M -7777.00M 7007.00M
Change in cash 6563.00M 8542.00M 290.00M -209.00M 40.00M
Begin period cash flow 8736.00M 194.00M 104.00M 313.00M 273.00M
End period cash flow 15299.00M 8736.00M 394.00M 104.00M 313.00M
Total cash from operating activities 19784.00M 6116.00M 17.00M 95.00M 6076.00M
Issuance of capital stock 0.00M 5466.00M - - -
Depreciation 1197.00M 1018.00M 1073.00M 1242.00M 1659.00M
Other cashflows from investing activities - 71.00M 3.00M - -
Dividends paid -10483.00M - - -10100.00M 6500.00M
Change to inventory -632.00M -1352.00M 8.00M -216.00M 178.00M
Change to account receivables - -960.00M -201.00M - -
Sale purchase of stock -165.00M -183.00M - - -
Other cashflows from financing activities -101.00M 2480.00M 3365.00M 13803.00M 1094.00M
Change to netincome - 1823.00M 191.00M - -
Capital expenditures 1923.00M 2323.00M 3041.00M 3996.00M 2801.00M
Change in working capital -618.00M -3154.00M 94.00M 114.00M -343.00M
Stock based compensation 113.00M 87.00M 42.00M 47.00M 73.00M
Other non cash items -34.00M 207.00M 869.00M 51.00M 408.00M
Free cash flow 17861.00M 3793.00M -3024.00M -3901.00M 3275.00M

Peer Comparison*

Sector: Energy Industry: Thermal Coal

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
TNGRF
Thungela Resources Limited		 -0.30
3.92%		 7.36 1.86 - 0.03 0.88 0.01 0.02
CUAEF
China Shenhua Energy Company Limited		 -
-%		 5.77 16.21 5.84 0.51 2.29 3.06 8.57
CSUAY
China Shenhua Energy Co Ltd		 -0.19
0.87%		 21.60 14.39 6.12 0.41 1.87 3.30 9.28
CCOZY
China Coal Energy Co Ltd ADR		 -
-%		 27.11 6.54 3.40 0.12 0.76 0.75 4.10
CCOZF
China Coal Energy Company Limited		 -
-%		 1.34 9.29 3.43 0.15 0.85 1.30 5.47

Profile*

Thungela Resources Limited

Thungela Resources Limited engages in the mining and production of thermal coal in South Africa. It owns interests in and produces its thermal coal from mining operations in the Mpumalanga province of South Africa, including Goedehoop colliery, Greenside colliery, Isibonelo colliery, Khwezela colliery, Zibulo colliery, Mafube colliery, and Rietvlei colliery. The company also exports its products to Indian, Asian, SEA, the Middle East, and North African markets. The company was founded in 1945 and is based in Johannesburg, South Africa.

25 Bath Avenue, Johannesburg, South Africa, 2196

27 11 638 9000

https://www.thungela.com

Name Title Year Born
Mr. July Ndlovu BLP, BSc (Hons), CSEP, MBL CEO & Exec. Director 1966
Mr. Gideon Frederick Smith Law CFO & Exec. Director NA
Mr. Johan Van Schalkwyk Chief Operations Officer NA
Mr. Leslie Martin Exec. Head of Technical NA
Mr. Bernard Dalton Exec. Head of Marketing NA
Mr. Lesego Mataboge Exec. Head of HR NA
Ms. Mpumi Sithole Exec. Head of Corp. Affairs NA
Ms. Carina Venter Exec. Head of Safety, Health and Environmental NA
Daniel Francois Klem Company Sec. NA
Ryan Africa Investor Relations Contact NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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