HARMONY GOLD MNG-SPON ADR (HMY) Stock Fundamental Analysis
USA - NYSE:HMY - US4132163001 - ADR
15.19 USD
-0.94 (-5.83%)
15.14 USD
-0.05 (-0.33%)
Taking everything into account, HMY scores 7 out of 10 in our fundamental rating. HMY was compared to 154 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. An interesting combination arises when we look at growth and value: HMY is growing strongly while it also seems undervalued. This makes HMY very considerable 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.
Of the past 5 years HMY 4 years were profitable.
HMY had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
HMY has a Return On Assets of 15.28%. This is amongst the best in the industry. HMY outperforms 95.45% of its industry peers.
HMY's Return On Equity of 22.97% is amongst the best of the industry. HMY outperforms 94.81% of its industry peers.
HMY has a Return On Invested Capital of 20.62%. This is amongst the best in the industry. HMY outperforms 97.40% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for HMY is above the industry average of 12.58%.
The last Return On Invested Capital (20.62%) for HMY is above the 3 year average (17.52%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.28% | ||
| ROE | 22.97% | ||
| ROIC | 20.62% |
ROA(3y)13.73%
ROA(5y)9.87%
ROE(3y)21.58%
ROE(5y)15.51%
ROIC(3y)17.52%
ROIC(5y)14%
1.3 Margins
Looking at the Profit Margin, with a value of 15.68%, HMY belongs to the top of the industry, outperforming 80.52% of the companies in the same industry.
HMY has a better Operating Margin (25.71%) than 77.27% of its industry peers.
HMY's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 30.55%, HMY is doing good in the industry, outperforming 69.48% of the companies in the same industry.
In the last couple of years the Gross Margin of HMY has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.71% | ||
| PM (TTM) | 15.68% | ||
| GM | 30.55% |
OM growth 3Y43.91%
OM growth 5Y28.4%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y39.66%
GM growth 5Y23.45%
2. Health
2.1 Basic Checks
HMY has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for HMY has been increased compared to 1 year ago.
The number of shares outstanding for HMY has been increased compared to 5 years ago.
Compared to 1 year ago, HMY has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 6.73 indicates that HMY is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 6.73, HMY is doing good in the industry, outperforming 74.03% of the companies in the same industry.
The Debt to FCF ratio of HMY is 0.22, which is an excellent value as it means it would take HMY, only 0.22 years of fcf income to pay off all of its debts.
HMY has a better Debt to FCF ratio (0.22) than 94.16% of its industry peers.
A Debt/Equity ratio of 0.04 indicates that HMY is not too dependend on debt financing.
HMY has a better Debt to Equity ratio (0.04) than 64.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.22 | ||
| Altman-Z | 6.73 |
ROIC/WACC1.45
WACC14.21%
2.3 Liquidity
HMY has a Current Ratio of 1.84. This is a normal value and indicates that HMY is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.84, HMY is not doing good in the industry: 62.99% of the companies in the same industry are doing better.
A Quick Ratio of 1.46 indicates that HMY should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.46, HMY perfoms like the industry average, outperforming 45.45% of the companies in the same industry.
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 | 1.84 | ||
| Quick Ratio | 1.46 |
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.
Looking at the last year, HMY shows a very strong growth in Revenue. 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%147.07%
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 23.20% on average per year.
The Revenue is expected to grow by 15.04% on average over the next years. This is quite good.
EPS Next Y50.6%
EPS Next 2Y25.08%
EPS Next 3Y23.2%
EPS Next 5YN/A
Revenue Next Year21.56%
Revenue Next 2Y11.94%
Revenue Next 3Y15.04%
Revenue Next 5YN/A
3.3 Evolution
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 11.34, the valuation of HMY can be described as very reasonable.
HMY's Price/Earnings ratio is rather cheap when compared to the industry. HMY is cheaper than 94.16% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.03. HMY is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 5.47, the valuation of HMY can be described as very cheap.
Based on the Price/Forward Earnings ratio, HMY is valued cheaply inside the industry as 97.40% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of HMY to the average of the S&P500 Index (22.27), we can say HMY is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.34 | ||
| Fwd PE | 5.47 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HMY is valued cheaper than 83.77% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, HMY is valued cheaply inside the industry as 87.01% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.28 | ||
| EV/EBITDA | 7.61 |
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.
A more expensive valuation may be justified as HMY's earnings are expected to grow with 23.20% in the coming years.
PEG (NY)0.22
PEG (5Y)N/A
EPS Next 2Y25.08%
EPS Next 3Y23.2%
5. Dividend
5.1 Amount
HMY has a Yearly Dividend Yield of 1.32%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.62, HMY pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, HMY's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.32% |
5.2 History
On average, the dividend of HMY grows each year by 47.94%, which is quite nice.
HMY has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of HMY decreased in the last 3 years.
Dividend Growth(5Y)47.94%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
HMY pays out 14.98% of its income as dividend. This is a sustainable payout ratio.
HMY's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP14.98%
EPS Next 2Y25.08%
EPS Next 3Y23.2%
15.19
-0.94 (-5.83%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners54.96%
Inst Owner Change-0.63%
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap9.49B
Revenue(TTM)73.90B
Net Income(TTM)10.52B
Analysts50.77
Price Target18.65 (22.78%)
Short Float %1.12%
Short Ratio0.93
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.32% |
Yearly Dividend0.14
Dividend Growth(5Y)47.94%
DP14.98%
Div Incr Years2
Div Non Decr Years2
Ex-Date
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)23.9%
PT rev (3m)27.05%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)31.04%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.34 | ||
| Fwd PE | 5.47 | ||
| P/S | 2.45 | ||
| P/FCF | 17.28 | ||
| P/OCF | 8.72 | ||
| P/B | 3.58 | ||
| P/tB | 3.58 | ||
| EV/EBITDA | 7.61 |
EPS(TTM)1.34
EY8.82%
EPS(NY)2.78
Fwd EY18.27%
FCF(TTM)0.88
FCFY5.79%
OCF(TTM)1.74
OCFY11.47%
SpS6.21
BVpS4.24
TBVpS4.24
PEG (NY)0.22
PEG (5Y)N/A
Graham Number11.31
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.28% | ||
| ROE | 22.97% | ||
| ROCE | 28.96% | ||
| ROIC | 20.62% | ||
| ROICexc | 24.48% | ||
| ROICexgc | 24.49% | ||
| OM | 25.71% | ||
| PM (TTM) | 15.68% | ||
| GM | 30.55% | ||
| FCFM | 14.16% |
ROA(3y)13.73%
ROA(5y)9.87%
ROE(3y)21.58%
ROE(5y)15.51%
ROIC(3y)17.52%
ROIC(5y)14%
ROICexc(3y)20.25%
ROICexc(5y)15.88%
ROICexgc(3y)20.26%
ROICexgc(5y)15.9%
ROCE(3y)24.6%
ROCE(5y)19.67%
ROICexgc growth 3Y57.48%
ROICexgc growth 5Y38.67%
ROICexc growth 3Y57.54%
ROICexc growth 5Y39.15%
OM growth 3Y43.91%
OM growth 5Y28.4%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y39.66%
GM growth 5Y23.45%
F-Score8
Asset Turnover0.97
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.22 | ||
| Debt/EBITDA | 0.09 | ||
| Cap/Depr | 199.1% | ||
| Cap/Sales | 13.91% | ||
| Interest Coverage | 55.48 | ||
| Cash Conversion | 85.85% | ||
| Profit Quality | 90.31% | ||
| Current Ratio | 1.84 | ||
| Quick Ratio | 1.46 | ||
| Altman-Z | 6.73 |
F-Score8
WACC14.21%
ROIC/WACC1.45
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)66.97%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%147.07%
EPS Next Y50.6%
EPS Next 2Y25.08%
EPS Next 3Y23.2%
EPS Next 5YN/A
Revenue 1Y (TTM)20.39%
Revenue growth 3Y20.11%
Revenue growth 5Y20.37%
Sales Q2Q%22.66%
Revenue Next Year21.56%
Revenue Next 2Y11.94%
Revenue Next 3Y15.04%
Revenue Next 5YN/A
EBIT growth 1Y40.71%
EBIT growth 3Y72.85%
EBIT growth 5Y54.55%
EBIT Next Year84.01%
EBIT Next 3Y35.47%
EBIT Next 5YN/A
FCF growth 1Y57.98%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y35.75%
OCF growth 3YN/A
OCF growth 5YN/A
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 7 / 10 to HMY.
Can you provide the valuation status for HARMONY GOLD MNG-SPON ADR?
ChartMill assigns a valuation rating of 9 / 10 to HARMONY GOLD MNG-SPON ADR (HMY). This can be considered as Undervalued.
How profitable is HARMONY GOLD MNG-SPON ADR (HMY) stock?
HARMONY GOLD MNG-SPON ADR (HMY) has a profitability rating of 8 / 10.
What is the valuation of HARMONY GOLD MNG-SPON ADR based on its PE and PB ratios?
The Price/Earnings (PE) ratio for HARMONY GOLD MNG-SPON ADR (HMY) is 11.34 and the Price/Book (PB) ratio is 3.58.
Is the dividend of HARMONY GOLD MNG-SPON ADR sustainable?
The dividend rating of HARMONY GOLD MNG-SPON ADR (HMY) is 5 / 10 and the dividend payout ratio is 14.98%.