WallStSmart

Alliance Resource Partners LP (ARLP)vsNACCO Industries Inc (NC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Alliance Resource Partners LP generates 682% more annual revenue ($2.19B vs $280.84M). ARLP leads profitability with a 14.2% profit margin vs 10.3%. NC appears more attractively valued with a PEG of 0.30. 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

NC

Buy

58

out of 100

Grade: C

Growth: 4.7Profit: 3.5Value: 7.3Quality: 8.5
Piotroski: 4/9Altman Z: 2.51
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
NCSignificantly Overvalued (-102.3%)

Margin of Safety

-102.3%

Fair Value

$26.59

Current Price

$52.58

$25.99 premium

UndervaluedFair: $26.59Overvalued

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

NC5 strengths · Avg: 9.0/10
PEG RatioValuation
0.3010/10

Growing faster than its price suggests

Price/BookValuation
0.9x10/10

Reasonable price relative to book value

Debt/EquityHealth
0.219/10

Conservative balance sheet, low leverage

P/E RatioValuation
12.9x8/10

Attractively priced relative to earnings

Revenue GrowthGrowth
24.3%8/10

Revenue surging 24.3% year-over-year

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%

NC4 concerns · Avg: 2.5/10
Market CapQuality
$376.36M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
7.0%3/10

ROE of 7.0% — below average capital efficiency

EPS GrowthGrowth
-16.8%2/10

Earnings declined 16.8%

Free Cash FlowQuality
$-7.54M2/10

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 : NC

The strongest argument for NC centers on PEG Ratio, Price/Book, Debt/Equity. Revenue growth of 24.3% demonstrates continued momentum. PEG of 0.30 suggests the stock is reasonably priced for its growth.

Bear Case : ARLP

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

Bear Case : NC

The primary concerns for NC are Market Cap, Return on Equity, EPS Growth.

Key Dynamics to Monitor

ARLP profiles as a declining stock while NC is a growth play — different risk/reward profiles.

NC carries more volatility with a beta of 0.49 — expect wider price swings.

NC is growing revenue faster at 24.3% — sustainability is the question.

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

Bottom Line

ARLP scores higher overall (67/100 vs 58/100). 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.

NACCO Industries Inc

ENERGY · THERMAL COAL · USA

NACCO Industries, Inc., is involved in the mining and natural resources businesses. The company is headquartered in Cleveland, Ohio.

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