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Thungela Resources Limited (TGA.JO)
ZAc9,792.00
-36.00 (-0.37%)
ZA JNB Energy Coal
Address
25 Bath Avenue 2196
Johannesburg, ZA
Johannesburg, ZA
CEO
Moses Madondo
Website
thungela.com
IPO
2021-06-07
ISIN ZAE000296554
Also trades on
Johannesburg Stock Exchange · TGA.JO (ZAc)
London Stock Exchange · TGA.L (GBp)
Other OTC · TNGRF (USD)
Description
Thungela Resources Limited specializes in the extraction and production of thermal coal within South Africa. The company maintains ownership interests in, and obtains its thermal coal from, seven separate mining operations situated in South Africa's Mpumalanga province. These operations comprise the Goedehoop, Greenside, Isibonelo, Khwezela, Zibulo, Mafube, and Rietvlei collieries. Furthermore, the firm distributes its products internationally, exporting to markets across India, Asia, Southeast Asia, the Middle East, and North Africa. Established in 1945, Thungela's headquarters are located in Johannesburg, South Africa.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
ZAc9,792.00
-36.00 (-0.37%)
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Volume Profile
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Liquidity & share structure
Average Volume
843.4K
Beta
-1.16
Float Shares
125.64M
Free Float %
99.1%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +2.02% | +7.99% | -1.31% | +29.07% | +76.66% | +49.31% | +56.69% | +4.46% | +554.52% | +554.52% | +554.52% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
9,792.00
DCF (Unlevered)
117,734.23
+1,102.4%
DCF (Levered)
114,487.41
+1,069.2%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
20% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 1 | 0 |
| Hold | 1 | 0 |
| Sell | 3 | +1 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
2.91
Grey zone
Piotroski F-Score
3 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B-
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
4 / 5
High
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
-
Revenue growth Coal: -9.5%-16.8% Q4'25: -9.1% (vs Q4'23)
-
EPS growth Coal: -15.8%-306.8% Q4'25: -490.6% (vs Q4'23)
-
FCF margin FCF growth · Coal: +4.7%+1.4% Q4'25: -3.7% (vs Q4'23)
-
EBIT margin Coal: +10.5%-7.8% Q4'25: -9.4% (vs Q4'23)
-
ROIC Coal: +3.2%-22.8% Q4'25: -48.4% (vs Q4'23)
-
Share dilution Coal: +0.0%-4.6% ★ Q4'25: -9.7% (vs Q4'23)
-
Debt / EBITDA Net debt/EBITDA · Coal: -0.13×0.06× ★ Q4'25: 0.03× (vs Q4'23)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 4 Rev. Ana. 2 EPS Ana. |
Dec 2027 4 Rev. Ana. 2 EPS Ana. |
Dec 2028 4 Rev. Ana. 1 EPS Ana. |
Dec 2029 3 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|
| Revenue |
26.28B
est: 27.37B (-4.0%)
|
50.75B
est: 50.83B (-0.2%)
|
30.63B
est: 33.03B (-7.2%)
|
35.55B
est: 35.00B (+1.6%)
|
29.60B
est: 29.36B (+0.8%)
|
32.29B
30.05B – 35.11B
+10.0% YoY
|
31.64B
29.08B – 37.17B
-2.0% YoY
|
31.02B
30.96B – 31.07B
-2.0% YoY
|
30.41B
28.13B – 34.37B
-2.0% YoY
|
| EBITDA |
9.16B
est: 8.18B (+11.9%)
|
26.03B
est: 15.20B (+71.3%)
|
9.73B
est: 9.72B (+0.1%)
|
8.56B
est: 10.30B (-16.9%)
|
1.53B
est: 8.64B (-82.3%)
|
9.50B
8.84B – 10.33B
+10.0% YoY
|
9.31B
8.56B – 10.94B
-2.0% YoY
|
9.13B
9.11B – 9.14B
-2.0% YoY
|
8.95B
8.28B – 10.11B
-2.0% YoY
|
| EBIT |
7.61B
est: 6.09B (+24.9%)
|
24.18B
est: 11.31B (+113.7%)
|
7.27B
est: 7.06B (+3.0%)
|
5.10B
est: 7.48B (-31.9%)
|
-2.31B
est: 6.28B (-136.7%)
|
6.90B
6.42B – 7.50B
+10.0% YoY
|
6.76B
6.22B – 7.94B
-2.0% YoY
|
6.63B
6.62B – 6.64B
-2.0% YoY
|
6.50B
6.01B – 7.34B
-2.0% YoY
|
| Net Income |
6.43B
est: 5.79B (+11.1%)
|
16.99B
est: 20.12B (-15.6%)
|
5.16B
est: 3.37B (+53.2%)
|
3.59B
est: 3.35B (+7.3%)
|
-7.09B
est: 1.75B (-505.4%)
|
2.77B
1.93B – 3.61B
+58.4% YoY
|
2.14B
1.56B – 2.72B
-22.6% YoY
|
1.42B
1.13B – 1.47B
-33.6% YoY
|
366.92M
331.16M – 429.03M
-74.2% YoY
|
| SGA |
8.37B
est: 3.50B (+139.1%)
|
5.85B
est: 6.50B (-10.0%)
|
5.35B
est: 5.56B (-3.9%)
|
289.00M
est: 5.89B (-95.1%)
|
6.68B
est: 4.94B (+35.1%)
|
5.44B
5.06B – 5.91B
+10.0% YoY
|
5.33B
4.90B – 6.26B
-2.0% YoY
|
5.22B
5.21B – 5.23B
-2.0% YoY
|
5.12B
4.74B – 5.79B
-2.0% YoY
|
| EPS |
61.08
est: 42.58 (+43.5%)
|
127.08
est: 146.22 (-13.1%)
|
37.66
est: 24.75 (+52.1%)
|
26.76
est: 24.93 (+7.4%)
|
-54.64
est: 13.01 (-520.0%)
|
21.01
14.89 – 27.81
+61.5% YoY
|
15.40
12.05 – 21.01
-26.7% YoY
|
9.69
8.75 – 11.33
-37.1% YoY
|
2.83
2.55 – 3.31
-70.8% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | B- | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-28 | B- | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-27 | B- | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-26 | B- | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-25 | B- | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-22 | B- | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-21 | B- | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-20 | B- | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-19 | B- | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-18 | B- | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-15 | B- | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-14 | B- | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-13 | B- | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-12 | B- | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-11 | B- | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-08 | B- | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-07 | B- | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-06 | B- | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-05 | B- | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-04 | B- | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-04-30 | C+ | 2/5 | 3/5 | 1/5 | 1/5 | 3/5 | 1/5 | 4/5 |
| 2026-04-29 | C+ | 2/5 | 3/5 | 1/5 | 1/5 | 3/5 | 1/5 | 4/5 |
| 2026-04-28 | C+ | 2/5 | 3/5 | 1/5 | 1/5 | 3/5 | 1/5 | 4/5 |
| 2026-04-24 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-23 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-22 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-21 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-20 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-17 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-16 | C+ | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
-6.19B
OE per share TTM
-45.64
Owner's Yield
-34.05%
Maintenance CapEx ratio
—
Maint CapEx / Avg PPE
47.5%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 54 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Range Global Coal Index ETF COAL | 1.17% | 337.3K | 0.85% |
| 2 | Avantis Emerging Markets Small Cap Equity ETF AVEE | 0.06% | 71.2K | 0.42% |
| 3 | WisdomTree True Emerging Markets Fund XC | 0.05% | 39.9K | 0.32% |
| 4 | Avantis Emerging Markets Value ETF AVES | 0.04% | 658.5K | 0.36% |
| 5 | Invesco FTSE RAFI Emerging Markets UCITS ETF PSRM.L | 0.04% | 37.0K | 0.49% |
| 6 | iShares MSCI Emerging Markets Small-Cap ETF EEMS | 0.04% | 164.4K | 0.72% |
| 7 | iShares MSCI EM Small Cap UCITS ETF IEMS.L | 0.04% | 147.4K | 0.74% |
| 8 | State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF EMSD.L | 0.04% | 227.8K | 0.55% |
| 9 | Dimensional - Emerging Markets Value ETF DFEV | 0.03% | 610.1K | 0.46% |
| 10 | Vanguard FTSE All-World ex-US Small-Cap ETF VSS | 0.03% | 3.89M | 0.06% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
-357.6K
Shares Outstanding
126.78M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Gideon Frederick Smith | Chief Financial Officer & Executive Director | 15M | male |
| Dan Reynolds | Executive Head of Australia | 14M | — |
| Leslie Martin | Executive Head of Technical | 10M | male |
| Johan Van Schalkwyk | Chief Operations Officer | 10M | male |
| Moses Madondo | Chief Executive Officer & Executive Director | 9M | male |
| Bernard Dalton | Executive Head of Marketing | 8M | male |
| Lesego Mataboge | Executive Head of Human Resources | 7M | male |
| Mpumi Sithole | Executive Head of Corporate Affairs | 6M | female |
| Hugo Nunes | Head of Investor Relations | — | — |
| Altovise Alaxa Ellis | Company Secretary | — | female |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for TGA.JO
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
