AREC
Valuation N/A
American Resources Corp
Price$1.96
Model IV—
P/IV—
Market implies +53.5%/yr
vs model +4.0% · above model
CNR
Deep Undervalued
Core Natural Resources, Inc.
Price$79.34
Model IV$162.22
P/IV0.55
Discount 51%
Return to IV: +104.5%
Market implies -2.7%/yr
vs model +8.0% · below model
HCC
Fairly Valued
WARRIOR MET COAL, INC.
Price$80.83
Model IV$90.09
P/IV1.05
Discount 10%
Return to IV: +11.5%
Market implies +2.8%/yr
vs model +5.0% · in line
METC
Valuation N/A
Ramaco Resources, Inc.
Price$12.95
Model IV—
P/IV—
Limited data — see page
METCB
Valuation N/A
Ramaco Resources, Inc.
Price$7.77
Model IV—
P/IV—
Limited data — see page
METCI
Valuation N/A
Ramaco Resources, Inc.
Price$25.39
Model IV—
P/IV—
Limited data — see page
METCZ
Valuation N/A
Ramaco Resources, Inc.
Price$25.54
Model IV—
P/IV—
Limited data — see page
