Stocktoria

HALLADOR ENERGY CO HNRG

Nasdaq · stock · Electric Services · website · IPO 1981-06-05 · LEI

HALLADOR ENERGY CO statistics & valuation

Market cap$826.2M
P / E19.7×
P / S1.8×
P / B5.2×
P / FCF69.3×
Net margin8.9%
Return on equity26.2%
FCF margin2.5%
Net debt$19.6M
Net debt / EBITDA0.2×
Enterprise value USD$845.8M
EV / EBITDA8.3×
Earnings yield EBIT/EV7.2%
Return on capital23.9%
Graham number -43.7%$8.88

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($8.88); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
4.40% 12.20% 2.60% -18.50% -2.50% -1.50% 5.00% 7.10% -56.00% 8.90% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
1.30% -2.40% 8.40% 10.20% -54.00% 13.00% 2016201720182019202020212022202320242025
Return on equity (%)
5.80% 13.30% 3.00% -31.30% -3.40% -1.70% 8.40% 16.70% -216.80% 26.20% 2016201720182019202020212022202320242025
Shares outstanding
29.4M 30.0M 30.2M 30.4M 30.6M 30.8M 33.6M 36.8M 42.6M 43.8M 2016201720182019202020212022202320242025
Net debt ($)
$228.8M $189.5M $173.0M $164.8M $123.6M $105.2M $79.7M $85.0M $34.3M $19.6M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2.40% 6.40% 1.50% -14.10% -1.60% -1.10% 2.90% 7.60% -61.30% 10.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
0.80% 13.10% 8.00% 0.00% -2.50% 3.10% 2.50% 2016201720182019202020212022202320242025
Debt / equity (×)
1.10× 0.81× 0.74× 0.91× 0.71× 0.50× 0.38× 0.33× 0.40× 0.19× 2016201720182019202020212022202320242025
EPS ($)
-$0.12 $0.55 $1.25 -$5.72 $0.96 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

HALLADOR ENERGY CO trades at about 16.4× earnings — above its 10-year norm (10-year range 6.8×–33.4×, median 9.8×).

6.8× 33.4×

Shaded band = 10-year range (6.8×–33.4×); dot = today's 16.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin13.0%-54.0%10.2%8.4%-2.4%1.3%————
Net margin8.9%-56.0%7.1%5.0%-1.5%-2.5%-18.5%2.6%12.2%4.4%
FCF margin2.5%3.1%-2.5%0.0%8.0%13.1%0.8%———
Return on assets10.3%-61.3%7.6%2.9%-1.1%-1.6%-14.1%1.5%6.4%2.4%
Return on equity26.2%-216.8%16.7%8.4%-1.7%-3.4%-31.3%3.0%13.3%5.8%
Debt / equity0.19×0.40×0.33×0.38×0.50×0.71×0.91×0.74×0.81×1.10×
Current ratio0.810.690.590.580.610.891.271.641.251.70

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.