T

Thungela Resources Ltd
JSE:TGA

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Thungela Resources Ltd
JSE:TGA
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Price: 10 330 Zac 1.87% Market Closed
Market Cap: 14.5B ZAR

Operating Margin

6.2%
Current
Declining
by 12%
vs 3-y average of 18.3%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin
6.2%
=
Operating Income
2.1B
/
Revenue
33.6B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin
6.2%
=
Operating Income
Zac2.1B
/
Revenue
33.6B

Peer Comparison

Country Company Market Cap Operating
Margin
ZA
Thungela Resources Ltd
JSE:TGA
13.5B ZAR
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ID
Alamtri Resources Indonesia Tbk PT
F:A640
142.3B EUR
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CN
China Shenhua Energy Co Ltd
SSE:601088
821.4B CNY
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ZA
Exxaro Resources Ltd
JSE:EXX
67.8B ZAR
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CA
Cameco Corp
NYSE:CCJ
48B USD
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ID
Dian Swastatika Sentosa Tbk PT
IDX:DSSA
688.9T IDR
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CN
Shaanxi Coal Industry Co Ltd
SSE:601225
219.9B CNY
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ID
Bayan Resources Tbk PT
IDX:BYAN
499.2T IDR
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IN
Coal India Ltd
NSE:COALINDIA
2.7T INR
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CN
China Coal Energy Co Ltd
SSE:601898
186.7B CNY
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CN
Yankuang Energy Group Co Ltd
SSE:600188
154.7B CNY
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Market Distribution

In line with most companies in South Africa
Percentile
33rd
Based on 26 companies
33rd percentile
6.2%
Low
-2.8% — 2.2%
Typical Range
2.2% — 38%
High
38% — 468.2%
Distribution Statistics
South Africa
Min -2.8%
30th Percentile 2.2%
Median 17.3%
70th Percentile 38%
Max 468.2%

Thungela Resources Ltd
Glance View

Market Cap
14.5B Zac
Industry
Energy

Thungela Resources Ltd., carved out of South African mining giant Anglo American, stands as a testament to both opportunity and challenge in the volatile realm of thermal coal. This Johannesburg-based company emerged into the public eye in June 2021, armed with seven mining operations spread across the coal-rich landscapes of Mpumalanga, South Africa. These locations not only provide a steady stream of thermal coal but also highlight Thungela's strategic focus on high-quality resources suited for export markets. What sets Thungela apart is its integration of mining and selling operations, allowing it to control the entire supply chain which extends from the extraction of coal to its export. Essential relationships with the Richards Bay Coal Terminal facilitate the smooth shipping of coal to international power producers, predominantly in Asia and Europe, thus sustaining its revenue engine. The heart of Thungela's business model lies in extracting thermal coal, a staple demand from coal-fired power stations globally, and selling it on the international market. Its earnings are directly tethered to the fluctuating prices of this commodity, driven by global market dynamics, regulatory developments, and geopolitical shifts. However, Thungela's journey is not without its hurdles: the company maneuvers through the complex terrains of environmental regulations and the rising global shift towards renewable energy. Nevertheless, its coal remains in demand, catering to regions still reliant on thermal coal due to infrastructural and energy transition timelines. Through adept management and strategic foresight, Thungela balances these pressures, striving to maximize profitability while navigating its place in an ever-evolving energy landscape.

TGA Intrinsic Value
HIDDEN
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What is Operating Margin?
Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.
How is Operating Margin calculated?

Operating Margin is calculated by dividing the Operating Income by the Revenue.

Operating Margin
6.2%
=
Operating Income
2.1B
/
Revenue
33.6B
What is Thungela Resources Ltd's current Operating Margin?

The current Operating Margin for Thungela Resources Ltd is 6.2%, which is below its 3-year median of 18.3%.

How has Operating Margin changed over time?

Over the last 3 years, Thungela Resources Ltd’s Operating Margin has decreased from 54% to 6.2%. During this period, it reached a low of 6.2% on Jul 30, 2025 and a high of 54.2% on Dec 31, 2022.

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