Coronado Global Resources Inc.
CODQL · Materials · $23.5M mkt cap · FY2025 filings · · Shallow moat ·
Price verdict withheld — value if growth stopped today unreliable
The five investor questions
2021–2025 (latest 5 aligned FYs; v3 window cap 5): revenue $2.1B to $1.9B, decreasing; diluted EPS 1.21 to -2.58, decreasing.
Median gross margin 40.1% over 9y, variable.
Median ROIC 22.0%, above the 12% hurdle in 75% of years.
Insufficient leverage/coverage inputs to score the balance sheet.
Owner earnings changed trend unclear over up to the ten most recent annual observations.
The balanceSheet component abstained: Insufficient leverage/coverage inputs to score the balance sheet. The other four 20% weights were renormalized over the scored 80%.
Price vs. value if growth stopped today
A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.
- $156M
- $10.34
- $10.34
- $0.14
- 99% below value if growth stopped today
A discount this large is often a warning rather than a bargain — the market may expect earnings to keep falling. See the revenue trend above.
How to read this
What today’s price assumes: owner earnings shrinking ~58%/yr over 5 years. The estimate assumes owner earnings stay flat (0% growth).
We solve for the constant annual change in owner earnings that would make the five-year zero-growth estimate equal today’s price. This keeps the existing model inputs and calculation unchanged; it is an expectations lens, not a forecast.
This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. CODQL revenue fell in each of the three most recent year-over-year FY comparisons, so this estimate is flagged as unreliable for this company.
Among the current top-score group, the median current price is 238% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.
Score records captured Sep 4, 2026.
Exactly which 50 companies?
FTNT, META, MEDP, IBEX, MSFT, GOOG, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, VEEV, RMD, GRMN, PCTY, EAT, UI, SSD, MNST, DOCS, LRCX, MCO, CPRT, NTAP, NVDA, CORT, SFM, MPTI, ULTA, SN, ROL, CTAS, PAYC, IRMD, INTU, DECK, MORN, JKHY, TPR, LGCY, DAL, GWW, ISRG, MPWR, LOPE
Missing a usable price or zero-growth estimate: ANF.
Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.
10 years of fundamentals
The business, in plain English
Coronado Global Resources Inc. booked $1.9B of revenue in FY2025 in the Materials sector and kept 21.8% of it as gross profit — a moderate-margin business by that measure. After every other cost, −22.2% of each revenue dollar reached the bottom line.
Across the filed record, revenue grew from $768M (FY2017) to $1.9B (FY2025) — about 12.3% a year compounded over 8 years.
ROIC is not available for the latest filed year, FY2025. Across the full 4-year measurable filed record, median ROIC was 22.0%. Over the v3 recent window (4 measurable filed years), median ROIC was 22.0%. The Returns on Capital filter above scores it 91/100.
The balance sheet carried $687M of total debt in FY2025.
This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.
Exact FY and FY-1 financing invested-capital inputs are required.. Current-year EBIT, tax expense, and non-zero pretax income are required for standard ROIC.
The explained ROIC gaps have filed inputs but no meaningful positive invested-capital denominator. Other gaps mean the item is not in the filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.
Visual explainers
The filing-backed explainer service is temporarily unavailable, so no partial or guessed chart is shown.
Moat Score history
Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.
Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars
- Normalizer upgraded unstamped (version unknown)tomoat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
- Methodology upgraded moat-index@2.0.0tomoat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
- Methodology upgraded moat-index@1.2.0tomoat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026
Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.
Insider activity
Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”
These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.
The insider-filing service is temporarily unavailable, so no partial or guessed answer is shown for CODQL.
Materials context
#134 of 309 scored Materials companies, ranked by Moat Score.
Nearest peers by Moat Score
- #132AUMN Golden Minerals Company43.2 out of 100, Shallow moatShallow moat
- #133VRA VERA BRADLEY, INC.43.0 out of 100, Shallow moatShallow moat
- #135DLX DELUXE CORPORATION42.8 out of 100, Shallow moatShallow moat
- #136ENTG Entegris, Inc.42.4 out of 100, Shallow moatShallow moat
Compare CODQL with its nearest peers →All Materials companies on the Index →
Common questions about CODQL
- Does Coronado Global Resources Inc. have an economic moat?
- Based on its FY2025 SEC filings, the Moat Index scores Coronado Global Resources Inc. (CODQL) 42.9 out of 100 — a Shallow moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 15, pricing power 41, returns on capital 91, balance-sheet safety not measurable from the filings, capital allocation 24.
- Is CODQL trading below the conservative owner-earnings estimate?
- The value if growth stopped today — a zero-growth baseline — is $10.34 per share. It capitalizes normalized owner earnings at a 9% rate and assumes 0% growth. Versus a recent price of $0.14, that is 99% below value if growth stopped today. The model also publishes a capped-growth comparison, but the zero-growth estimate is the cautious baseline. It assumes trailing owner earnings persist and is unreliable for declining businesses. This is an educational estimate from primary SEC filings, not intrinsic value as a fact or investment advice.
- How has CODQL's Moat Score changed over time?
- The record logs 16 readings since Jul 17, 2026; the latest reads 42.9 out of 100 (shallow moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.