AREC vs SSL vs HNRG Stock Comparison

American Resources, Sasol and Hallador Energy Prices as of Oct 28, 2026 Peers: Industry group
SSL Sasol Ltd
$17.30 +24.2% 1M +174.2% 1Y
Market cap
$11.32B
P/E
15.2x
Revenue (TTM)
—
Div. yield
–
Integrated Oil and Gas Energy
3 wins
HNRG Hallador Energy Co
$11.89 -17.4% 1M -43.5% 1Y
Market cap
$560.54M
P/E
–
Revenue (TTM)
$452.10M
Div. yield
–
Independent Power Producers Utilities
2 wins

Head to Head

8 decided of 12

Sasol leads on 3 of the 12 questions below (Sasol 3, American Resources 3, Hallador Energy 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionARECSSLHNRGLeader
Larger companyMarket capitalisation $93.02M $11.32B $560.54M SSL
Cheaper on earningsLower P/E, profitable companies only 5.3x 15.2x -614.5x AREC
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 5.3x — –
Faster revenue growthRevenue growth, trailing twelve months +56.7% — +7.9% AREC
More profitableNet margin, trailing twelve months — — -0.2% –
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA 10.4x — 2.4x HNRG
Higher dividend yieldTrailing dividend yield 3.28% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -64.6% +174.2% -43.5% SSL
Better 5-year returnAnnualised price return, 5 years -12.2%/yr +0.6%/yr +29.8%/yr HNRG
Less volatileAnnualised volatility, 1 year 96.9% 54.0% 64.4% SSL
Higher overall scoreMean of the five percentile scores vs peers 45/100 — 35/100 AREC

Percentile Scorecard

ARECSSLHNRG

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisARECSSLHNRG
Valuation 82 #5 of 23 93 #8 of 99 39 #15 of 24
Growth 60 #9 of 21 – 18 #19 of 23
Profitability – – 46 #13 of 23
Financial Health 38 #14 of 22 50 #52 of 102 57 #11 of 24
Shareholder Returns 0 #10 of 10 – 17 #16 of 19
Overall 45 – 35
  • AREC ranked among 25 companies in Coal and Uranium
  • SSL ranked among 103 companies in Oil and Gas Upstream
  • HNRG ranked among 24 companies in Power Generation

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodARECSSLHNRGSPY
1 month -33.3%+24.2%-17.4% +0.9%
3 months -28.7%+49.9%-13.2% +5.9%
6 months -41.1%+26.2%-21.6% +8.5%
Year to date -50.8%+165.7%-37.6% +13.3%
1 year -64.6%+174.2%-43.5% +12.4%
3 years -10.9%+32.0%-17.7% +88.1%
3 years, per year -3.8%+9.7%-6.3% +23.5%
5 years -47.9%+3.2%+268.1% +68.2%
5 years, per year -12.2%+0.6%+29.8% +11.0%
10 years —-36.6%+31.8% +263.4%
10 years, per year —-4.5%+2.8% +13.8%

Risk

MeasureARECSSLHNRGSPY
Volatility, 1Y 96.9%54.0%64.4% 12.7%
Downside volatility, 1Y 93.6%55.8%65.1% 12.7%
Beta vs S&P 500, 1Y 2.87-0.771.73 1.00
Return / volatility, 1Y -0.673.22-0.68 0.98
Max drawdown, 5Y -88.1%-89.4%-71.1% -25.4%
From 52-week high -72.1%-4.0%-50.1% -0.9%
52-week high $4.37$18.02$23.81 $779.14
52-week low $1.09$6.00$10.99 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleARECSSLHNRG
P/E now vs peer median 5.3xmedian 27.3x 15.2xmedian 12.4x -614.5xmedian 24.9x
P/S now vs peer median -297.4xmedian 7.5x 0.7xmedian 2.0x 1.2xmedian 2.7x
EV/EBITDA now vs peer median -3.2xmedian 29.3x —median 5.9x 99.6xmedian 11.6x
P/FCF now vs peer median 7.5xmedian 10.6x 3.6xmedian 10.0x -11.1xmedian 13.8x
P/B now vs peer median 1.0xmedian 1.2x 1.1xmedian 1.5x 2.9xmedian 2.1x
PEG now vs peer median 0.08median 51.60 —median 0.92 23.45median 0.61

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsARECSSLHNRG
Revenue -$312.74K – $452.10M
Gross profit $956.08K – –
Operating income -$6.29M – $16.94M
Net income -$79.01M – -$912.00K
Free cash flow $12.37M – -$50.46M
R&D -$1.22M – $468.00K
EPS (diluted) $0.20 – $-0.02
Cash & equivalents $31.70M $2.64B $28.98M
Total debt $8.34M $6.66B $158.45M
Shares (diluted) 87.27M 642.00M 47.13M
Enterprise value $8.95M $678.87M $472.05M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricARECSSLHNRG
P/E 5.3x 15.2x -614.5x
P/FCF 7.5x 3.6x -11.1x
P/Operating cash flow 7.3x – 20.1x
P/S -297.4x 0.7x 1.2x
P/B 1.0x 1.1x 2.9x
P/Tangible book 1.0x 1.1x 2.9x
EV/EBITDA -3.2x – 99.6x
EV/EBIT -3.5x – 33.9x
EV/Revenue -69.8x – 1.3x
EV/FCF 1.8x – -11.4x
EV/Operating cash flow 1.7x – 20.5x
PEG (3Y EPS CAGR) 0.08 – 23.45

Growth

14 metrics
MetricARECSSLHNRG
Revenue growth (1Y) 56.7% – 7.9%
Revenue CAGR (3Y) -26.2% – -8.3%
Gross profit growth (1Y) 210.0% – –
Gross profit CAGR (3Y) -62.3% – –
Operating income growth (1Y) 47.3% – 109.0%
Operating income CAGR (3Y) 31.4% – -43.0%
Net income growth (1Y) -517.7% – 99.5%
Net income CAGR (3Y) -279.5% – -26.2%
EPS growth (1Y) 131.2% – 99.6%
EPS CAGR (3Y) 68.3% – -26.2%
Operating cash flow growth (1Y) 541.6% – -63.1%
Operating cash flow CAGR (3Y) 71.1% – -34.2%
Free cash flow growth (1Y) 682.1% – -295.8%
Free cash flow CAGR (3Y) 89.3% – -50.2%

Profitability

14 metrics
MetricARECSSLHNRG
Gross margin – – –
EBITDA margin – – 1.3%
Operating margin – – 3.7%
Pretax margin – – -0.2%
Net margin – – -0.2%
FCF margin – – -11.2%
Operating cash flow margin -4,086% – 6.2%
Return on equity – – 0.5%
Return on assets 7.7% – 0.2%
Return on invested capital – – –
Return on capital employed -5.1% – 6.8%
Asset turnover 0.0x – 1.0x
Cash conversion (OCF / net income) -0.2x – -30.7x
Stock comp / revenue -3,162% – 1.0%

Financial Health

11 metrics
MetricARECSSLHNRG
Debt / assets 0.6% 30.1% 9.2%
Debt / equity 0.0x 0.6x 0.2x
Net debt / EBITDA 10.4x – 2.4x
Debt / FCF 0.1x – -0.9x
Liabilities / assets 43.9% 53.3% 59.3%
Equity / assets 56.1% 46.7% 40.7%
Interest coverage – – 1.0x
Current ratio 2.2x 1.8x 0.7x
Quick ratio 1.2x 1.2x 0.2x
Cash ratio 1.2x 0.6x 0.1x
Altman Z-score -0.60 – 1.94

Shareholder Returns

7 metrics
MetricARECSSLHNRG
Dividend yield 3.3% – –
Net buyback yield -81.3% – -9.6%
Shareholder yield -78.0% 0.0% -9.6%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusARECSSLHNRG
Forward P/E – 5.3xFY2027 –
EPS, next fiscal year $-0.30FY2026 $3.26FY2027 $-0.35FY2026
EPS growth, next FY – +37.0%FY2027 -136.5%FY2026
EPS growth, the year after – -24.5% –
Revenue, next fiscal year $8.75MFY2026 $16.51BFY2027 $474.13MFY2026
Revenue growth, next FY +17,395.7%FY2026 -2.3%FY2027 +1.0%FY2026
Revenue growth, the year after +3,730.3% +7.4% +7.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersARECSSLHNRG
Held by institutions 31.5% 4.7% 76.3%
Institutions holding 99 174 171
Change in shares held, QoQ -5.8% -7.6% +5.2%
Institutions buying 67 111 86
Institutions selling 17 45 52
Buyers to sellers 3.94 2.47 1.65

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ARECSSLHNRG
AREC 1.00 0.06 0.25
SSL 0.06 1.00 -0.03
HNRG 0.25 -0.03 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AREC, SSL and HNRG?

Sasol (SSL) is the largest by market capitalisation: American Resources (AREC) $93.02M, Sasol (SSL) $11.32B, Hallador Energy (HNRG) $560.54M.

Which stock is cheaper, AREC, SSL and HNRG?

American Resources (AREC) trades on the lowest price-to-earnings ratio (American Resources (AREC) 5.3x, Sasol (SSL) 15.2x, Hallador Energy (HNRG) -614.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

American Resources (AREC) grew revenue fastest over the trailing twelve months: American Resources (AREC) +56.7%, Hallador Energy (HNRG) +7.9%.

Which stock has performed better?

Over the past year Sasol (SSL) returned the most: American Resources (AREC) -64.6%, Sasol (SSL) +174.2%, Hallador Energy (HNRG) -43.5%. Over five years, Hallador Energy (HNRG) compounded fastest (American Resources (AREC) -12.2%/yr, Sasol (SSL) +0.6%/yr, Hallador Energy (HNRG) +29.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: American Resources (AREC) 3.28%, Sasol (SSL) 0.00%, Hallador Energy (HNRG) 0.00%. Sasol (SSL) and Hallador Energy (HNRG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Sasol (SSL) has been the steadiest (American Resources (AREC) 96.9%, Sasol (SSL) 54.0%, Hallador Energy (HNRG) 64.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AREC, SSL and HNRG?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Sasol (SSL) leads on 3. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.