HNRG

Hallador Energy Company

Utilities · $675M market cap

Verdict

Share price

$13.49

close of Oct 3, 2026

Fair value

$22.74

Sticker Price

Payback Price

$9.09

buy price

Undervalued

HNRG is Undervalued: at $13.49 it trades 41% below its fair value of $22.74. Its buy price (Payback Price) is $9.09, 33% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

Owner Earnings. Earnings grow slowly (under 7% a year), but cash flow is steady, so we value it on its cash flow instead of its earnings.

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth4.4% a year✗
Equity per share growth4.1% a year✗
Sales growth9.7% a year✗
Free cash flow growth1.2% a year✗
Return on invested capital-20.1%✗

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Insider activity

Since Jun 16, 2026: 9 open-market purchases worth $675K and 3 other filings (stock awards, tax withholding and similar). Why purchases matter

Purchases

Other filings

About Hallador Energy Company

Hallador Energy Company focuses on extracting steam coal from its operations within Indiana, primarily supplying this fuel to the electric power generation sector. The company's mining assets include the subterranean Oaktown Mine 1 and Oaktown Mine 2, both situated in Oaktown, Indiana, alongside the Ace in the Hole mine, located near Clay City, Indiana. In addition to its coal activities, Hallador Energy also…

Independent Power Producers

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works

HNRG stock (Hallador Energy Company): fair value $22.74, Undervalued — PaybackPrice