Thungela Resources Limited (TNGRF)

Thungela Resources Limited (TNGRF) — VMCI valuation read

Across 120 indicators, Thungela Resources Limited (TNGRF) lands at VMCI 50/100. The Energy sector median is 50, so the 0-point below-median read is the active comparison. Pillar weighting on the score: Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%.

No material Form 4 disclosures landed on TNGRF in the past 30 days. Quiet insider tape removes one signal source; the active reads stay with the trailing-twelve-month financials and the next 10-Q.

**Investor frame.** On Value, TNGRF trades at 27.0x earnings, 50% above the Energy median of 18.0x; the EV/EBITDA delta of -2.0x reinforces that single line. On Quality, ROIC of 13.0% sits 3.0pp above the Energy median (10.0%). On Risk, net debt to EBITDA of -1.5x leaves covenant headroom for TNGRF on the trailing balance sheet.

TNGRF fell 2.3% over the trailing 7 days, with a +5.9% read on a 30-day basis.