HARMONY GOLD MNG-SPON ADR (HMY) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:HMY - US4132163001 - ADR
22.5 USD
-0.5 (-2.17%)
22.35 USD
-0.15 (-0.67%)
Taking everything into account, HMY scores 8 out of 10 in our fundamental rating. HMY was compared to 156 industry peers in the Metals & Mining industry. Both the health and profitability get an excellent rating, making HMY a very profitable company, without any liquidiy or solvency issues. HMY is growing strongly while it also seems undervalued. This is an interesting combination These ratings would make HMY suitable for value and growth and quality investing!
1. Profitability
1.1 Basic Checks
- In the past year HMY was profitable.
- HMY had a positive operating cash flow in the past year.
- HMY had positive earnings in 4 of the past 5 years.
- HMY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- HMY has a better Return On Assets (18.56%) than 96.79% of its industry peers.
- Looking at the Return On Equity, with a value of 29.82%, HMY belongs to the top of the industry, outperforming 95.51% of the companies in the same industry.
- HMY has a better Return On Invested Capital (22.66%) than 96.79% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for HMY is significantly above the industry average of 10.34%.
- The 3 year average ROIC (17.58%) for HMY is below the current ROIC(22.66%), indicating increased profibility in the last year.
| 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 83.33% of its industry peers.
- With an excellent Operating Margin value of 28.04%, HMY belongs to the best of the industry, outperforming 80.13% 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 69.87% 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
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so HMY is still creating some value.
- The number of shares outstanding for HMY has been increased compared to 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 7.09. This indicates that HMY is financially healthy and has little risk of bankruptcy at the moment.
- HMY's Altman-Z score of 7.09 is fine compared to the rest of the industry. HMY outperforms 71.79% 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.
- HMY has a better Debt to FCF ratio (0.18) than 93.59% of its industry peers.
- HMY has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.
- Looking at the Debt to Equity ratio, with a value of 0.04, HMY is in the better half of the industry, outperforming 69.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.18 | ||
| Altman-Z | 7.09 |
ROIC/WACC1.46
WACC15.52%
2.3 Liquidity
- A Current Ratio of 1.72 indicates that HMY should not have too much problems paying its short term obligations.
- Looking at the Current ratio, with a value of 1.72, HMY is doing worse than 64.10% of the companies in the same industry.
- A Quick Ratio of 1.41 indicates that HMY should not have too much problems paying its short term obligations.
- HMY has a Quick ratio (1.41) which is in line with its industry peers.
- The current and quick ratio evaluation for HMY is rather negative, while it does have 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%.
- HMY shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.37% yearly.
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
- Based on estimates for the next years, HMY will show a very strong growth in Earnings Per Share. The EPS will grow by 25.45% on average per year.
- 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
- With a Price/Earnings ratio of 15.96, HMY is valued correctly.
- 92.95% of the companies in the same industry are more expensive than HMY, based on the Price/Earnings ratio.
- HMY's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.32.
- HMY is valuated cheaply with a Price/Forward Earnings ratio of 7.22.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of HMY indicates a rather cheap valuation: HMY is cheaper than 94.87% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.30, HMY is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.96 | ||
| Fwd PE | 7.22 |
4.2 Price Multiples
- 87.82% of the companies in the same industry are more expensive than HMY, based on the Enterprise Value to EBITDA ratio.
- 90.38% of the companies in the same industry are more expensive than HMY, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.41 | ||
| EV/EBITDA | 8.8 |
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)0.26
PEG (5Y)N/A
EPS Next 2Y43%
EPS Next 3Y25.45%
5. Dividend
5.1 Amount
- HMY has a Yearly Dividend Yield of 1.06%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 0.96, HMY pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.86, HMY's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.06% |
5.2 History
- HMY has been paying a dividend for at least 10 years, so it has 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
- HMY pays out 14.60% of its income as dividend. This is a sustainable payout ratio.
DP14.6%
EPS Next 2Y43%
EPS Next 3Y25.45%
22.5
-0.5 (-2.17%)
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 Change0.62%
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap14.05B
Revenue(TTM)73.90B
Net Income(TTM)14.38B
Analysts72.73
Price Target22.72 (0.98%)
Short Float %1.11%
Short Ratio1.53
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.06% |
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)2.94%
PT rev (3m)39.86%
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 | 15.96 | ||
| Fwd PE | 7.22 | ||
| P/S | 3.13 | ||
| P/FCF | 21.41 | ||
| P/OCF | 10.2 | ||
| P/B | 4.79 | ||
| P/tB | 4.79 | ||
| EV/EBITDA | 8.8 |
EPS(TTM)1.41
EY6.27%
EPS(NY)3.12
Fwd EY13.84%
FCF(TTM)1.05
FCFY4.67%
OCF(TTM)2.21
OCFY9.8%
SpS7.2
BVpS4.7
TBVpS4.7
PEG (NY)0.26
PEG (5Y)N/A
Graham Number12.21
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 | 7.09 |
F-Score7
WACC15.52%
ROIC/WACC1.46
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 15.96 and the Price/Book (PB) ratio is 4.79.
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%.