Hallador Energy Company (HNRG) Financial Ratios
30 years of historical data (1996–2025) · Energy · Coal
EV/EBITDA
↑
8.98
↑+60% vs avg
5yr avg: 5.61
30Y Low3.2·High62.4
P/FCF
↑
74.62
↓-87% vs avg
5yr avg: 591.30
30Y Low1.4·High111.0
P/B Ratio
↑
5.13
↑+102% vs avg
5yr avg: 2.54
30Y Low0.2·High5.2
ROE
↑
31.7%
↓+348% vs avg
5yr avg: -12.8%
30Y Low-121%·High62%
Debt/EBITDA
↓
0.38
↓-73% vs avg
5yr avg: 1.40
30Y Low0.1·High29.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
HNRG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Hallador Energy Company trades at 19.7x earnings, 31% above its 5-year average of 15.0x, sitting at the 71st percentile of its historical range. Compared to the Energy sector median P/E of 16.8x, the stock trades at a premium of 17%. On a free-cash-flow basis, the stock trades at 74.6x P/FCF, 87% below the 5-year average of 591.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $889M | $827M | $452M | $326M | $336M | $75M | $45M | $90M | $152M | $181M | $266M |
| Enterprise Value | $918M | $856M | $498M | $417M | $432M | $181M | $175M | $255M | $318M | $367M | $490M |
| P/E Ratio → | 19.66 | 19.83 | — | 7.07 | 18.16 | — | — | — | 20.28 | 5.64 | 21.64 |
| P/S Ratio | 1.89 | 1.76 | 1.12 | 0.51 | 0.93 | 0.30 | 0.18 | 0.28 | 0.52 | 0.67 | 0.95 |
| P/B Ratio | 5.13 | 5.17 | 4.34 | 1.21 | 1.56 | 0.40 | 0.24 | 0.46 | 0.59 | 0.72 | 1.23 |
| P/FCF | 74.62 | 69.38 | 35.99 | — | 2256.06 | 3.78 | 1.40 | 33.16 | 9.25 | 5.48 | 14.20 |
| P/OCF | 10.96 | 10.19 | 6.86 | 5.48 | 6.21 | 1.57 | 0.85 | 2.35 | 2.96 | 2.93 | 4.37 |
P/E links to full P/E history page with 30-year chart
HNRG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Hallador Energy Company's enterprise value stands at 9.0x EBITDA, 60% above its 5-year average of 5.6x. The Energy sector median is 8.1x, placing the stock at a 11% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.82 | 1.23 | 0.66 | 1.19 | 0.73 | 0.72 | 0.80 | 1.09 | 1.37 | 1.76 |
| EV / EBITDA | 8.98 | 8.37 | — | 3.16 | 5.59 | 5.32 | 4.09 | 4.59 | 5.02 | 5.59 | 6.32 |
| EV / EBIT | 15.04 | 13.78 | — | 6.98 | 15.35 | 37.75 | 97.82 | — | 16.03 | 13.59 | 20.45 |
| EV / FCF | — | 71.81 | 39.64 | — | 2898.87 | 9.06 | 5.48 | 93.98 | 19.30 | 11.14 | 26.16 |
HNRG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Hallador Energy Company earns an operating margin of 13.0%, roughly in line with the Energy sector average. Operating margins have expanded from 10.2% to 13.0% over the past 3 years, signaling improving operational efficiency. Return on equity of 31.7% is exceptionally high — well above the sector median of 7.8%. ROIC of 27.0% represents excellent returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.6% | 18.6% | 55.8% | 52.2% | 26.3% | 19.7% | 23.9% | 6.6% | 11.1% | 14.7% | 18.1% |
| Operating Margin | 13.0% | 13.0% | -53.9% | 10.2% | 8.4% | -2.4% | 1.3% | 1.8% | 6.2% | 9.8% | 14.7% |
| Net Profit Margin | 8.9% | 8.9% | -55.9% | 7.1% | 5.0% | -1.5% | -2.5% | -18.9% | 2.6% | 12.3% | 4.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 31.7% | 31.7% | -121.3% | 18.5% | 9.0% | -2.0% | -3.2% | -26.3% | 3.0% | 14.2% | 5.9% |
| ROA | 10.4% | 10.4% | -47.2% | 7.2% | 3.6% | -1.0% | -1.5% | -12.7% | 1.5% | 6.3% | 2.3% |
| ROIC | 27.0% | 27.0% | -64.1% | 14.5% | 7.6% | -1.5% | 0.7% | 1.1% | 3.1% | 4.5% | 7.0% |
| ROCE | 24.4% | 24.4% | -67.3% | 15.4% | 8.6% | -2.0% | 0.9% | 1.4% | 3.9% | 5.6% | 8.4% |
HNRG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Hallador Energy Company carries a Debt/EBITDA ratio of 0.4x, which is very conservative (84% below the sector average of 2.4x). Net debt stands at $29M ($39M total debt minus $10M cash). Interest coverage of 3.7x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.24 | 0.24 | 0.51 | 0.35 | 0.48 | 0.58 | 0.75 | 0.89 | 0.70 | 0.80 | 1.08 |
| Debt / EBITDA | 0.38 | 0.38 | — | 0.72 | 1.32 | 3.18 | 3.33 | 3.13 | 2.86 | 3.03 | 3.02 |
| Net Debt / Equity | — | 0.18 | 0.44 | 0.34 | 0.45 | 0.56 | 0.69 | 0.84 | 0.64 | 0.75 | 1.03 |
| Net Debt / EBITDA | 0.28 | 0.28 | — | 0.69 | 1.24 | 3.10 | 3.04 | 2.97 | 2.61 | 2.84 | 2.89 |
| Debt / FCF | — | 2.43 | 3.65 | — | 642.81 | 5.28 | 4.08 | 60.83 | 10.05 | 5.66 | 11.96 |
| Interest Coverage | 3.68 | 3.68 | -16.13 | 4.36 | 2.37 | 0.43 | 0.13 | -4.00 | 1.22 | 2.18 | 1.61 |
HNRG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.81x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.59x to 0.81x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.81 | 0.81 | 0.69 | 0.59 | 0.58 | 0.61 | 0.89 | 1.27 | 1.64 | 1.25 | 1.70 |
| Quick Ratio | 0.53 | 0.53 | 0.19 | 0.20 | 0.25 | 0.33 | 0.42 | 0.65 | 1.06 | 0.83 | 1.28 |
| Cash Ratio | 0.07 | 0.07 | 0.05 | 0.02 | 0.03 | 0.04 | 0.17 | 0.14 | 0.34 | 0.29 | 0.39 |
| Asset Turnover | — | 1.07 | 1.10 | 1.08 | 0.55 | 0.70 | 0.64 | 0.75 | 0.57 | 0.52 | 0.53 |
| Inventory Turnover | 8.99 | 8.99 | 2.36 | 4.89 | 3.41 | 11.23 | 5.54 | 7.40 | 8.61 | 10.01 | 11.31 |
| Days Sales Outstanding | — | 10.88 | 13.93 | 11.46 | 49.87 | 20.02 | 21.54 | 29.41 | 23.05 | 22.81 | 29.19 |
HNRG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Hallador Energy Company does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 5.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | 2.8% | 5.5% | 3.2% | 2.7% | 1.8% |
| Payout Ratio | — | — | — | — | — | — | — | — | 64.8% | 14.8% | 38.4% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.1% | 5.0% | — | 14.1% | 5.5% | — | — | — | 4.9% | 17.7% | 4.6% |
| FCF Yield | 1.3% | 1.4% | 2.8% | — | 0.0% | 26.5% | 71.2% | 3.0% | 10.8% | 18.2% | 7.0% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.6% | 0.0% | 0.4% | 0.2% | 0.4% | 0.2% | 1.8% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.6% | 0.0% | 0.4% | 2.9% | 5.9% | 3.4% | 4.5% | 1.8% |
| Shares Outstanding | — | $43M | $40M | $37M | $34M | $31M | $30M | $30M | $30M | $30M | $29M |
Peer Comparison
Compare HNRG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 HNRGYou | $889M | 19.7 | 9.0 | 74.6 | 18.6% | 13.0% | 31.7% | 27.0% | 0.4 |
 HCC | $5B | 81.3 | 19.5 | — | 8.5% | 3.5% | 2.7% | 1.8% | 1.1 |
 ARLP | $3B | 10.6 | 5.4 | 8.5 | 21.3% | 17.6% | 16.8% | 12.9% | 0.7 |
 BTU | $3B | -56.0 | 6.8 | 5.6 | 2.7% | 0.0% | -1.5% | 0.0% | 1.2 |
 SXC | $621M | -14.1 | 5.5 | 14.7 | 7.1% | 3.5% | -6.6% | 4.3% | 3.1 |
 METC | $735M | -14.3 | 25.6 | — | 2.5% | -10.4% | -12.2% | -17.0% | 1.4 |
 NEE | $195B | 28.4 | 18.7 | — | 62.8% | 30.1% | 10.7% | 4.1% | 6.2 |
 AEP | $72B | 19.8 | 13.8 | — | 31.8% | 24.3% | 12.1% | 5.1% | 5.7 |
 SO | $104B | 23.6 | 12.7 | — | 29.8% | 24.6% | 11.5% | 5.3% | 4.9 |
 DUK | $97B | 19.8 | 12.6 | — | 31.6% | 26.6% | 9.5% | 4.6% | 6.1 |
 CAT | $417B | 47.6 | 33.4 | 40.6 | 32.3% | 16.6% | 43.5% | 15.9% | 3.2 |
| Energy Median | — | 16.8 | 8.1 | 14.3 | 31.9% | 14.3% | 7.8% | 6.3% | 2.4 |
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Start ComparisonHNRG — Frequently Asked Questions
Quick answers to the most common questions about buying HNRG stock.
What is Hallador Energy Company's P/E ratio?
Hallador Energy Company's current P/E ratio is 19.7x. The historical average is 22.9x. This places it at the 71th percentile of its historical range.
What is Hallador Energy Company's EV/EBITDA?
Hallador Energy Company's current EV/EBITDA is 9.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.1x.
What is Hallador Energy Company's ROE?
Hallador Energy Company's return on equity (ROE) is 31.7%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 3.5%.
Is HNRG stock overvalued?
Based on historical data, Hallador Energy Company is trading at a P/E of 19.7x. This is at the 71th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Hallador Energy Company's profit margins?
Hallador Energy Company has 18.6% gross margin and 13.0% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Hallador Energy Company have?
Hallador Energy Company's Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.