ATLASATLAS fair value
ZAR 173.60
Below fair value · 15% discount
Range: ZAR 174–ZAR 247Fair valuePrice
Thungela Resources (TGA.JSE)
Thungela Resources share price today, ATLAS forecast and fair value
Energy · Thermal Coal · Johannesburg Stock Exchange · South Africa
ZAR 147.13▼ -2.63%
Prices as of Oct 27, 2026 · ZAR
Chance of rising in 1 month
48%
that it ends higher than today in 21 sessions
0%coin flip 50%100%
This is just the summary. See everything on Thungela Resources in ATLAS
ATLAS's own quantitative analysis, all in one place.
- Simulation and expected rangeThousands of simulated scenarios: how far the price could rise or fall.
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- Customer and supplier mapWho it does business with, from its own filings.
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On Thungela Resources
- Simulation and expected rangeThousands of simulated scenarios: how far the price could rise or fall.
- Officers and shareholdersWho runs the company and which funds hold its shares.
- Customer and supplier mapWho it does business with, from its own filings.
- Valuation and financialsFair value step by step, quarterly accounts and upcoming events.
- NewsThe latest on the company, in one place.
And for you
- ATLAS builds your portfolioAnswer a short test and get portfolios that fit you.
- AlertsWe let you know when something changes in your stocks.
- Crisis simulatorHow your portfolio would do in a crash like 2008.
- Practice risk-free$10,000 in virtual money to invest at real prices.
- Global screenerSearch US stocks and stocks from 47 countries with filters.
Plans from €3.99 a month.
ATLAS estimates Thungela Resources's fair value at about ZAR 173.60 per share (reasonable range: ZAR 173.60 to ZAR 247.35). At ZAR 147.13, the stock trades 15% below it.
It is calculated with a blend of a discounted cash-flow model and peer valuation multiples. Confidence in the estimate is medium. It is an estimate, not a promise: if the company's results change, so does its fair value.
ATLAS's model gives Thungela Resources a 48% chance of finishing higher a month from now (21 trading sessions) than today: close to a coin flip.
In half of the simulated outcomes the price ends between ZAR 133.64 and ZAR 160.15; in 9 out of 10, between ZAR 113.84 and ZAR 188.02. Estimated annual volatility is 54%.
Price, last 12 months (weekly close)
Key numbers
- Market cap
- ZAR 17.5B
- Market cap (USD)
- $1.1B
- Dividend yield
- 0.06%
- 52-week high
- ZAR 180.61
- 52-week low
- ZAR 73.10
- Revenue (12 months)
- ZAR 30.0B
- Gross margin
- 51.9%
- Operating margin
- 4.2%
- Net margin
- -19.9%
- Beta
- -0.93
What this means
These are two different questions: fair value looks at the business (what it is worth given what it earns) and the odds look at the price over the next month. Thungela Resources sits below fair value and its odds of rising over a month are close to a coin flip. An expensive stock can keep climbing and a cheap one can keep falling, which is why ATLAS shows the two readings separately.
Over the last 52 weeks TGA.JSE has traded between ZAR 73.10 and ZAR 180.61. Today it is 18.5% below that high and 101% above its low.
Its beta is -0.93: it tends to move less than the market.
About the company
Thungela Resources Limited engages in the mining and production of thermal coal in South Africa and Australia.
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Comparable companies
Other companies in the same line of business:
Frequently asked questions
What is Thungela Resources (TGA.JSE) fair value?
About ZAR 173.60 per share according to ATLAS (reasonable range: ZAR 173.60 to ZAR 247.35). With the stock at ZAR 147.13, it is 15% below it.
What is the chance TGA.JSE goes up next month?
48%: close to a coin flip. In half of the simulated outcomes, TGA.JSE ends the month between ZAR 133.64 and ZAR 160.15.
How big is Thungela Resources and what is its P/E ratio?
Thungela Resources's market capitalization is ZAR 17.5B. We do not show a P/E because it has no positive earnings to base one on.
Does Thungela Resources pay a dividend?
Yes. TGA.JSE's current dividend yield is 0.06% at today's price (ZAR 147.13).
Not investment advice. ATLAS estimates are produced by statistical models from public data; they can be wrong and past performance does not predict future results. Consider your own situation before investing. Disclaimer