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Yancoal Australia Ltd ASX:YAL

0 opened or increased3 held2 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 8 managers in total.

Position history by manager Showing 3 of 8 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

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20252026

5 Dec 2024 to today

Commentary Showing 2 of 16

DateManagerActionSummary

31 Aug 2026Cadence CapitalHeldCadence Capital continues to hold Yancoal Australia without change, noting the coal miner achieved record production and 29% EBITDA growth in the first half of FY26. The manager expects subsequent increases in both thermal and metallurgical coal prices, driven by tight energy markets and supply disruptions out of China and Indonesia, to benefit second-half earnings, supporting a positive outlook for the business without describing any change to the fund's holding.

Monthly Report, price recorded $6.18

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30 Jun 2026Paradice Investment ManagementReducedParadice reduced its position in Yancoal Australia because, after taking profits near the highs early in the quarter, the stock fell 33.7% as ceasefire negotiations progressed and the emergency gas-to-coal switching demand that had driven the earlier spike in seaborne thermal coal prices unwound rapidly. Paradice notes this profit-taking mitigated but did not eliminate the impact of the decline, and while the position was trimmed, the fund retains a holding given the company's fortress balance sheet, strong cash generation and its role in the fund's broader energy security theme.

Quarterly Report, price recorded $5.49

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14 more comments on YALPro shows every comment, with a link to each source document.

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 8 managers first commented on YAL.

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Articles

30 Jun 2026Yancoal Australia ASX YAL Fund Managers On The Thermal Coal Price Spike

About Yancoal Australia Ltd

Materials, Oil, Gas and Consumable Fuels

Yancoal Australia (ASX:YAL), one of the country's largest coal producers, has been one of the most volatile energy stocks among fund managers. In August 2026, Cadence Capital highlighted record production and 29% EBITDA growth in the first half, expecting higher thermal and metallurgical coal prices from tight energy markets and supply disruptions in China and Indonesia to lift second-half earnings. Paradice noted Yancoal fell 34% in the June quarter after rallying sharply in March, as ceasefire talks eased emergency gas-to-coal switching demand. Yancoal operates in the Energy sector within the Oil, Gas and Consumable Fuels industry, and Thesis Tracker has captured 16 comments from 8 fund managers, including Cadence, Paradice, Solaris and Ellerston. Founded in 2004 and headquartered in Sydney, Yancoal produces thermal and metallurgical coal from mines in New South Wales, Queensland and Western Australia.

Market cap: $41.7b
Price to earnings: 28.4x
Return on equity: 3.3%
Dividend yield: 4.2%
Price to book: 0.92x
Net margin: 4.7%
52-week range: $4.76 to $9.06

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Yancoal Australia Ltd (ASX:YAL)?

Fund managers including Endeavor Asset Management, Oracle Advisory Group, Contract Asset Management, Paradice Investment Management, BKI Investment Company, Solaris Investment Management, Ellerston Capital and Cadence Capital have invested in Yancoal Australia Ltd (ASX:YAL).

What opportunities or catalysts do fund managers highlight for Yancoal Australia Ltd?

Cadence highlights record production, strong EBITDA growth and higher coal prices driven by tight energy markets and supply disruptions, while Paradice and Solaris note Yancoal can benefit sharply from geopolitical shocks that increase demand for seaborne thermal coal.

What are the key risks to the Yancoal Australia Ltd investment thesis, according to fund managers?

Paradice warns Yancoal's earnings and share price are highly sensitive to coal prices, falling 34% in a quarter as Middle East ceasefire negotiations reduced emergency gas-to-coal switching demand.

What does Yancoal Australia Ltd (ASX:YAL) do?

Yancoal Australia Ltd. is a Sydney-based company founded on November 18, 2004. It specializes in the identification, development, and operation of coal-related resources. The firm focuses on large-scale coal production and resource management within the Australian mining sector.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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