WallStSmart

Alliance Resource Partners LP (ARLP)vsHallador Energy Company (HNRG)

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Smart Verdict

WallStSmart Research — data-driven comparison

Alliance Resource Partners LP generates 368% more annual revenue ($2.19B vs $469.47M). ARLP leads profitability with a 14.2% profit margin vs 8.9%. ARLP appears more attractively valued with a PEG of 0.62. ARLP earns a higher WallStSmart Score of 67/100 (B-).

ARLP

Strong Buy

67

out of 100

Grade: B-

Growth: 2.7Profit: 7.5Value: 10.0Quality: 5.0

HNRG

Buy

63

out of 100

Grade: C+

Growth: 6.0Profit: 7.5Value: 10.0Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ARLPUndervalued (+77.3%)

Margin of Safety

+77.3%

Fair Value

$112.32

Current Price

$28.60

$83.72 discount

UndervaluedFair: $112.32Overvalued
HNRGUndervalued (+54.8%)

Margin of Safety

+54.8%

Fair Value

$44.93

Current Price

$17.63

$27.30 discount

UndervaluedFair: $44.93Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ARLP3 strengths · Avg: 8.7/10
P/E RatioValuation
12.0x10/10

Attractively priced relative to earnings

PEG RatioValuation
0.628/10

Growing faster than its price suggests

Price/BookValuation
2.0x8/10

Reasonable price relative to book value

HNRG2 strengths · Avg: 9.0/10
Return on EquityProfitability
31.7%10/10

Every $100 of equity generates 32 in profit

P/E RatioValuation
16.4x8/10

Attractively priced relative to earnings

Areas to Watch

ARLP2 concerns · Avg: 3.0/10
EPS GrowthGrowth
3.9%4/10

3.9% earnings growth

Revenue GrowthGrowth
-9.2%2/10

Revenue declined 9.2%

HNRG2 concerns · Avg: 2.5/10
Market CapQuality
$739.21M3/10

Smaller company, higher risk/reward

Free Cash FlowQuality
$-16.78M2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : ARLP

The strongest argument for ARLP centers on P/E Ratio, PEG Ratio, Price/Book. PEG of 0.62 suggests the stock is reasonably priced for its growth.

Bull Case : HNRG

The strongest argument for HNRG centers on Return on Equity, P/E Ratio. PEG of 1.26 suggests the stock is reasonably priced for its growth.

Bear Case : ARLP

The primary concerns for ARLP are EPS Growth, Revenue Growth.

Bear Case : HNRG

The primary concerns for HNRG are Market Cap, Free Cash Flow.

Key Dynamics to Monitor

ARLP profiles as a declining stock while HNRG is a value play — different risk/reward profiles.

ARLP carries more volatility with a beta of 0.29 — expect wider price swings.

HNRG is growing revenue faster at 9.2% — sustainability is the question.

ARLP generates stronger free cash flow (99M), providing more financial flexibility.

Bottom Line

ARLP scores higher overall (67/100 vs 63/100). HNRG offers better value entry with a 54.8% margin of safety. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Alliance Resource Partners LP

ENERGY · THERMAL COAL · USA

Alliance Resource Partners, LP, a diversified natural resources company, produces and markets coal primarily for industrial and utility users in the United States. The company is headquartered in Tulsa, Oklahoma.

Hallador Energy Company

ENERGY · THERMAL COAL · USA

Hallador Energy Company is engaged in the production of steam coal in the Illinois Basin for the electric power generation industry. The company is headquartered in Terre Haute, Indiana.

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