HARMONY GOLD MNG-SPON ADR (HMY) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:HMY - US4132163001 - ADR
21.68 USD
-0.39 (-1.77%)
21.5955 USD
-0.08 (-0.39%)
Overall HMY gets a fundamental rating of 8 out of 10. We evaluated HMY against 157 industry peers in the Metals & Mining industry. HMY scores excellent points on both the profitability and health parts. This is a solid base for a good stock. HMY is evaluated to be cheap and growing strongly. This does not happen too often! These ratings could make HMY a good candidate for value and growth and quality investing.
1. Profitability
1.1 Basic Checks
- In the past year HMY was profitable.
- In the past year HMY had a positive cash flow from operations.
- HMY had positive earnings in 4 of the past 5 years.
- Each year in the past 5 years HMY had a positive operating cash flow.
1.2 Ratios
- HMY has a Return On Assets of 18.56%. This is amongst the best in the industry. HMY outperforms 96.82% of its industry peers.
- HMY's Return On Equity of 29.82% is amongst the best of the industry. HMY outperforms 95.54% of its industry peers.
- With an excellent Return On Invested Capital value of 22.66%, HMY belongs to the best of the industry, outperforming 96.82% of the companies in the same industry.
- HMY had an Average Return On Invested Capital over the past 3 years of 17.58%. This is significantly above the industry average of 10.34%.
- The last Return On Invested Capital (22.66%) for HMY is above the 3 year average (17.58%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.56% | ||
| ROE | 29.82% | ||
| ROIC | 22.66% |
ROA(3y)13.73%
ROA(5y)9.87%
ROE(3y)21.58%
ROE(5y)15.51%
ROIC(3y)17.58%
ROIC(5y)14.04%
1.3 Margins
- HMY has a better Profit Margin (19.47%) than 82.80% of its industry peers.
- With an excellent Operating Margin value of 28.04%, HMY belongs to the best of the industry, outperforming 80.25% of the companies in the same industry.
- In the last couple of years the Operating Margin of HMY has grown nicely.
- The Gross Margin of HMY (33.10%) is better than 69.43% of its industry peers.
- HMY's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.04% | ||
| PM (TTM) | 19.47% | ||
| GM | 33.1% |
OM growth 3Y44.29%
OM growth 5Y28.6%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y39.66%
GM growth 5Y23.45%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), HMY is creating some value.
- HMY has more shares outstanding than it did 1 year ago.
- Compared to 5 years ago, HMY has more shares outstanding
- HMY has a better debt/assets ratio than last year.
2.2 Solvency
- HMY has an Altman-Z score of 6.90. This indicates that HMY is financially healthy and has little risk of bankruptcy at the moment.
- HMY has a better Altman-Z score (6.90) than 73.25% of its industry peers.
- HMY has a debt to FCF ratio of 0.18. This is a very positive value and a sign of high solvency as it would only need 0.18 years to pay back of all of its debts.
- With an excellent Debt to FCF ratio value of 0.18, HMY belongs to the best of the industry, outperforming 93.63% of the companies in the same industry.
- HMY has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.
- HMY has a Debt to Equity ratio of 0.04. This is in the better half of the industry: HMY outperforms 68.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.18 | ||
| Altman-Z | 6.9 |
ROIC/WACC1.48
WACC15.34%
2.3 Liquidity
- HMY has a Current Ratio of 1.72. This is a normal value and indicates that HMY is financially healthy and should not expect problems in meeting its short term obligations.
- HMY has a Current ratio of 1.72. This is in the lower half of the industry: HMY underperforms 64.33% of its industry peers.
- A Quick Ratio of 1.41 indicates that HMY should not have too much problems paying its short term obligations.
- The Quick ratio of HMY (1.41) is comparable to the rest of the industry.
- HMY does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.72 | ||
| Quick Ratio | 1.41 |
3. Growth
3.1 Past
- HMY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 66.97%, which is quite impressive.
- HMY shows a strong growth in Revenue. In the last year, the Revenue has grown by 20.39%.
- The Revenue has been growing by 20.37% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)66.97%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%147.05%
Revenue 1Y (TTM)20.39%
Revenue growth 3Y20.11%
Revenue growth 5Y20.37%
Sales Q2Q%22.66%
3.2 Future
- HMY is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.45% yearly.
- The Revenue is expected to grow by 14.76% on average over the next years. This is quite good.
EPS Next Y60.56%
EPS Next 2Y43%
EPS Next 3Y25.45%
EPS Next 5YN/A
Revenue Next Year37.12%
Revenue Next 2Y25.48%
Revenue Next 3Y14.76%
Revenue Next 5YN/A
3.3 Evolution
- The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 15.38, the valuation of HMY can be described as correct.
- HMY's Price/Earnings ratio is rather cheap when compared to the industry. HMY is cheaper than 93.63% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 27.33, HMY is valued a bit cheaper.
- The Price/Forward Earnings ratio is 6.97, which indicates a rather cheap valuation of HMY.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of HMY indicates a rather cheap valuation: HMY is cheaper than 96.18% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.12, HMY is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.38 | ||
| Fwd PE | 6.97 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HMY indicates a rather cheap valuation: HMY is cheaper than 87.90% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, HMY is valued cheaply inside the industry as 89.81% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.65 | ||
| EV/EBITDA | 8.44 |
4.3 Compensation for Growth
- HMY's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- HMY has an outstanding profitability rating, which may justify a higher PE ratio.
- HMY's earnings are expected to grow with 25.45% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.25
PEG (5Y)N/A
EPS Next 2Y43%
EPS Next 3Y25.45%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 1.14%, HMY has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 0.98, HMY pays a bit more dividend than its industry peers.
- With a Dividend Yield of 1.14, HMY pays less dividend than the S&P500 average, which is at 1.91.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.14% |
5.2 History
- HMY has paid a dividend for at least 10 years, which is a reliable track record.
- HMY has decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
- 14.60% of the earnings are spent on dividend by HMY. This is a low number and sustainable payout ratio.
DP14.6%
EPS Next 2Y43%
EPS Next 3Y25.45%
21.68
-0.39 (-1.77%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)12-30 2025-12-30
Earnings (Next)03-02 2026-03-02
Inst Owners54.37%
Inst Owner Change0.61%
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap13.54B
Revenue(TTM)73.90B
Net Income(TTM)14.38B
Analysts72.73
Price Target22.36 (3.14%)
Short Float %1.33%
Short Ratio1.65
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.14% |
Yearly Dividend0.21
Dividend Growth(5Y)N/A
DP14.6%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)1.28%
PT rev (3m)37.6%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.01%
EPS NY rev (3m)6.63%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.42%
Revenue NY rev (3m)12.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.38 | ||
| Fwd PE | 6.97 | ||
| P/S | 3.02 | ||
| P/FCF | 20.65 | ||
| P/OCF | 9.84 | ||
| P/B | 4.62 | ||
| P/tB | 4.62 | ||
| EV/EBITDA | 8.44 |
EPS(TTM)1.41
EY6.5%
EPS(NY)3.11
Fwd EY14.36%
FCF(TTM)1.05
FCFY4.84%
OCF(TTM)2.2
OCFY10.16%
SpS7.19
BVpS4.69
TBVpS4.69
PEG (NY)0.25
PEG (5Y)N/A
Graham Number12.2
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.56% | ||
| ROE | 29.82% | ||
| ROCE | 31.83% | ||
| ROIC | 22.66% | ||
| ROICexc | 28.37% | ||
| ROICexgc | 28.37% | ||
| OM | 28.04% | ||
| PM (TTM) | 19.47% | ||
| GM | 33.1% | ||
| FCFM | 14.6% |
ROA(3y)13.73%
ROA(5y)9.87%
ROE(3y)21.58%
ROE(5y)15.51%
ROIC(3y)17.58%
ROIC(5y)14.04%
ROICexc(3y)20.33%
ROICexc(5y)15.92%
ROICexgc(3y)20.33%
ROICexgc(5y)15.95%
ROCE(3y)24.69%
ROCE(5y)19.72%
ROICexgc growth 3Y57.9%
ROICexgc growth 5Y38.89%
ROICexc growth 3Y57.96%
ROICexc growth 5Y39.38%
OM growth 3Y44.29%
OM growth 5Y28.6%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y39.66%
GM growth 5Y23.45%
F-Score7
Asset Turnover0.95
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.18 | ||
| Debt/EBITDA | 0.07 | ||
| Cap/Depr | 244.84% | ||
| Cap/Sales | 16.04% | ||
| Interest Coverage | 80.32 | ||
| Cash Conversion | 88.59% | ||
| Profit Quality | 75.03% | ||
| Current Ratio | 1.72 | ||
| Quick Ratio | 1.41 | ||
| Altman-Z | 6.9 |
F-Score7
WACC15.34%
ROIC/WACC1.48
Cap/Depr(3y)215.65%
Cap/Depr(5y)189.66%
Cap/Sales(3y)15.08%
Cap/Sales(5y)14.42%
Profit Quality(3y)69.12%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)66.97%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%147.05%
EPS Next Y60.56%
EPS Next 2Y43%
EPS Next 3Y25.45%
EPS Next 5YN/A
Revenue 1Y (TTM)20.39%
Revenue growth 3Y20.11%
Revenue growth 5Y20.37%
Sales Q2Q%22.66%
Revenue Next Year37.12%
Revenue Next 2Y25.48%
Revenue Next 3Y14.76%
Revenue Next 5YN/A
EBIT growth 1Y47.97%
EBIT growth 3Y73.31%
EBIT growth 5Y54.8%
EBIT Next Year114.89%
EBIT Next 3Y33.05%
EBIT Next 5YN/A
FCF growth 1Y48.81%
FCF growth 3Y147.71%
FCF growth 5Y57.51%
OCF growth 1Y44.71%
OCF growth 3Y48.44%
OCF growth 5Y36.82%
HARMONY GOLD MNG-SPON ADR / HMY FAQ
Can you provide the ChartMill fundamental rating for HARMONY GOLD MNG-SPON ADR?
ChartMill assigns a fundamental rating of 8 / 10 to HMY.
What is the valuation status for HMY stock?
ChartMill assigns a valuation rating of 9 / 10 to HARMONY GOLD MNG-SPON ADR (HMY). This can be considered as Undervalued.
What is the profitability of HMY stock?
HARMONY GOLD MNG-SPON ADR (HMY) has a profitability rating of 9 / 10.
Can you provide the PE and PB ratios for HMY stock?
The Price/Earnings (PE) ratio for HARMONY GOLD MNG-SPON ADR (HMY) is 15.38 and the Price/Book (PB) ratio is 4.62.
Can you provide the dividend sustainability for HMY stock?
The dividend rating of HARMONY GOLD MNG-SPON ADR (HMY) is 4 / 10 and the dividend payout ratio is 14.6%.