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General information

Sector: Basic Materials

The company is not available at Interactive Brokers

Buffalo Coal (JSE:BUC) is a coal producer with two mines in Kwa-Zulu Natal, South Africa. The two mines, Magdalena and Aviemore, have substantial coal resources, however the Magdalena mine has been placed under care and maintenenace since 31 October 2018. 

Buffalo Coal is currently focusing on the production of anthracite coal from Aviemore only and supplies anthracite coal and calcine into both domestric and export markets.

Buffalo Coal is focused on extending the Aviemore life of mine by mining out as much of the current remaining reserves as possible, whilst putting in place a feasible plan to construct and commission its' medium and long-term projects at Aviemore mine.   



  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield -216.7% (LTM), projected -234.3%
  • Share price is 420.0% higher than minimum and 39.5% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (41.7x vs
    )
  • The company is undervalued by EV / projected EBITDA multiple compared to target level (-62.4x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (0.0%)0.5200
Share price, USD: 0.028167
Common stocks: 421 346 154

Dividend Yield:  0.0%
FCF Yield LTM / expected: -216.7% / -234.3%
EV / LTM EBITDA: 41.7x
Last revenue growth (y/y):  -21.1%
Last growth of EBITDA (y/y):  +46.9%
Historical revenue growth:  -7.1%
Historical growth of EBITDA:  +123.5%
EV / expected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 12
Net Debt ($m): 53
EV (Enterprise Value): 65
EBITDA LTM ($m): 2
EV / LTM EBITDA: 41.7x
Price to Book: -0.45x

Revenue and EBITDA

Semi-Annual values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

EV / EBITDA

Potential dynamics

More information for subscribed users:
detailed calculation of
Potential and Created Value,
website traffic data

Releases

2022-08-08
Acquisition of majority stake in Buffalo Coal complete
2022-08-05
Appointment of non-executive director
2022-07-06
Buffalo Coal Corp.: Investec Bank Limited Change of Control Notice
2022-06-17
Buffalo Coal Announces Annual General and Special Meeting Results
2022-06-14
Acquisition of majority stake in Buffalo Coal
2022-05-27
Unaudited condensed interim consolidated financial results for the three months ended 31 March 2022
2022-05-13
Notice of Annual General and Special Meeting and the salient dates & times for shareholding on the S.A. register
2022-04-08
Resources Reserves Technical Report Update National Instrument 43-101, Restructuring Investec Loan Revolving Credit
2022-04-08
Audited Consolidated Financial Statements for the year ended 31 December 2021
2022-03-03
Restructuring of the Investec Term Loan and Revolving Credit Facility
2022-02-15
Granting of Water Use License for the Balgray project
2021-11-18
Unaudited condensed interim consolidated financial results for the three and nine months ended 30 September 2021
2021-08-19
Unaudited condensed interim consolidated financial results for the three and six months ended 30 June 2021
2021-08-05
Granting of Environmental Authorisation
2021-06-15
Buffalo Coal announces Annual General Meeting results
2021-05-25
Grant of stock options
2021-05-21
Notice of Annual General Meeting and the salient dates and times for shareholding on the South African register
2021-05-20
Unaudited condensed interim consolidated financial results for the three months ended 31 March 2021
2021-04-12
Update on unprotected strike action at Aviemore mine

SENS Announcements

2023-04-21
Buffalo Coal Corp. Announces Implementation of Going Private Transaction
2023-04-18
Buffalo Coal Corp. Announces Results of Special Meeting of Shareholders for Going Private Transaction
2023-03-16
Buffalo Coal Corp. Announces Special Meeting of Shareholders for Going Private Transaction
2023-01-23
Buffalo Coal Corp. Announces Secured Credit Facility
2023-01-16
Buffalo Coal Corp. Announces Final Discharge of Investec Loan
2022-12-29
Buffalo Coal Corp announces Completion of Rights Offering
2022-11-29
Management Changes
2022-11-29
Unaudited Condensed Interim Consolidated Financial Results for the Three and Nine Months Ended 30 September 2022
2022-11-24
Buffalo Coal Corp. Announces Amendments to Loan Facilities
2022-11-04
Buffalo Coal Corp. Announces Rights Offering
2022-10-06
Tri-partite agreement between the Group, Investec and Belvedere
2022-09-16
Investec consent received for assignment of RCF convertible debt
2022-09-02
Update on consent for assignment of RCF convertible debt and repayment of various Investec loan facilities
2022-08-25
Appointment of non-executive director and Chairperson
2022-08-24
Resignation of non-executive director and Chairperson
2022-08-22
Resignation of Chief Financial Officer
2022-08-18
Unaudited condensed interim consolidated financial results for the three and six months ended 30 June 2022
2022-08-08
Acquisition of majority stake in Buffalo Coal complete
2022-08-05
Appointment of non-executive director
2022-07-06
Buffalo Coal Corp.: Investec Bank Limited Change of Control Notice
2022-06-17
Buffalo Coal Announces Annual General and Special Meeting Results
2022-06-14
Acquisition of majority stake in Buffalo Coal
2022-05-27
Unaudited condensed interim consolidated financial results for the three months ended 31 March 2022
2022-05-13
Notice of Annual General and Special Meeting and the salient dates & times for shareholding on the S.A. register