Alpha Metallurgical Resources, Inc.
$153.86
−1.55 (−1.00%) · delayed · Nov 13, 2026
Five-year price
52w $133.64 to $253.82
- Market cap
- $1.9B
- Enterprise value
- $1.6B
- P/E
- —
- 7.8× on 3y avg EPS
- EV / EBIT
- —
- FCF yield
- 0.9%
- ROIC
- −4.1%
- Debt / equity
- 0.00
- Piotroski F
- 4/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
83
- ●ROIC > 12% (5y avg)5y avg ROIC 47.6%
- ●ROE > 15% (5y avg)5y avg ROE 41.5%
- ○Stable operating marginsMargin volatility 14.2% (σ, 5y)
- ●Earnings convert to cashFCF / net income 102% (5y avg)
- ●Growing revenueRevenue CAGR 5y 8.5%
- ●Shrinking share countDiluted shares -29.0% over 5y
Value
n/a
- –P/E below 15P/E n/a
- –EV/EBIT below 12EV/EBIT n/a
- ○FCF yield above 6%FCF yield 0.9%
- –Price below Graham NumberGraham Number n/a
- ●P/B below 3P/B 1.3
Safety
40
- ●Debt / equity below 0.5D/E 0.00
- ○Debt payable in < 4 yrs of earningsNet debt $-0.4B
- ○Interest coverage > 8xCoverage -20.3x
- ●Current ratio > 1.5Current ratio 4.47
- ○Piotroski F-score ≥ 6F-score 4/9
Graham Defensive
71
- ●Adequate size (revenue > $2B)Revenue $2.1B
- ●Strong condition (current ratio ≥ 2)Current ratio 4.47
- ○Earnings stability (no loss, 10y)9 years of data
- ○Uninterrupted dividendsDividends paid every year on record
- ●Earnings growth ≥ 33% (10y, 3y avgs)EPS growth 155%
- ●Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 7.8
- ●P/E × P/B ≤ 22.5Product 9.9
Valuation lab
What do you have to believe?
At $153.86, the market is pricing in about 25.7% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt −$362M · 13M shares · 5y revenue CAGR 8.5%
Intrinsic value
$62.13
Price
$153.86
Premium paid
148%
What the price implies
The market is paying for 25.7% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
60% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,640 | 2,021 | 1,996 | 1,413 | 2,253 | 4,093 | 3,457 | 2,947 | 2,123 |
| Gross profit | — | — | — | — | — | — | — | — | — |
| Operating income | 182 | 194 | (169) | (171) | 359 | 1,581 | 863 | 228 | (61) |
| Operating margin | 11.1% | 9.6% | -8.5% | -12.1% | 15.9% | 38.6% | 25.0% | 7.7% | -2.9% |
| Pre-tax income | 106 | 137 | (273) | (244) | 292 | 1,555 | 845 | 211 | (87) |
| Income tax | (68) | (165) | (53) | (2) | 3 | 106 | 124 | 23 | (26) |
| Net income | 155 | 299 | (316) | (447) | 289 | 1,449 | 722 | 188 | (62) |
| EPS (diluted) | 14.35 | 25.54 | -16.82 | -24.42 | 15.30 | 79.49 | 49.30 | 14.28 | -4.75 |
| Diluted shares | 11 | 12 | 19 | 18 | 19 | 18 | 15 | 13 | 13 |
Who owns it