HARMONY GOLD MNG-SPON ADR (HMY) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:HMY - US4132163001 - ADR
23 USD
+1.2 (+5.5%)
23.66 USD
+0.66 (+2.87%)
Overall HMY gets a fundamental rating of 8 out of 10. We evaluated HMY against 156 industry peers in the Metals & Mining industry. HMY has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. An interesting combination arises when we look at growth and value: HMY is growing strongly while it also seems undervalued. 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.
- Of the past 5 years HMY 4 years were profitable.
- In the past 5 years HMY always reported a positive cash flow from operatings.
1.2 Ratios
- With an excellent Return On Assets value of 18.56%, HMY belongs to the best of the industry, outperforming 96.79% of the companies in the same industry.
- HMY has a Return On Equity of 29.82%. This is amongst the best in the industry. HMY outperforms 95.51% of its industry peers.
- HMY has a better Return On Invested Capital (22.66%) than 96.79% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for HMY 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 Profit Margin of 19.47%. This is amongst the best in the industry. HMY outperforms 83.33% of its industry peers.
- HMY's Operating Margin of 28.04% is amongst the best of the industry. HMY outperforms 80.13% of its industry peers.
- HMY's Operating Margin has improved in the last couple of years.
- HMY has a better Gross Margin (33.10%) than 69.87% of its industry peers.
- In the last couple of years the Gross Margin of HMY has grown nicely.
| 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.
- Compared to 1 year ago, HMY has more shares outstanding
- Compared to 5 years ago, HMY has more shares outstanding
- Compared to 1 year ago, HMY has an improved debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 7.09 indicates that HMY is not in any danger for bankruptcy at the moment.
- HMY has a better Altman-Z score (7.09) than 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.
- With an excellent Debt to FCF ratio value of 0.18, HMY belongs to the best of the industry, outperforming 93.59% 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.
- The Debt to Equity ratio of HMY (0.04) is better than 69.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.18 | ||
| Altman-Z | 7.09 |
ROIC/WACC1.46
WACC15.53%
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 64.10% of its industry peers.
- A Quick Ratio of 1.41 indicates that HMY should not have too much problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 1.41, HMY is in line with its industry, outperforming 46.15% of the companies in the same 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
- The Earnings Per Share has grown by an impressive 66.97% over the past year.
- 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.
- HMY is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.76% yearly.
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
- HMY is valuated correctly with a Price/Earnings ratio of 16.31.
- Compared to the rest of the industry, the Price/Earnings ratio of HMY indicates a rather cheap valuation: HMY is cheaper than 92.95% of the companies listed in the same industry.
- When comparing the Price/Earnings ratio of HMY to the average of the S&P500 Index (26.94), we can say HMY is valued slightly cheaper.
- HMY is valuated cheaply with a Price/Forward Earnings ratio of 7.38.
- 94.87% of the companies in the same industry are more expensive than HMY, based on the Price/Forward Earnings ratio.
- HMY's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.31 | ||
| Fwd PE | 7.38 |
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 87.82% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, HMY is valued cheaply inside the industry as 90.38% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.88 | ||
| 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.
- The excellent profitability rating of HMY 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)0.27
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 1.83, 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
- 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%
23
+1.2 (+5.5%)
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 Cap14.37B
Revenue(TTM)73.90B
Net Income(TTM)14.38B
Analysts72.73
Price Target22.72 (-1.22%)
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 | 16.31 | ||
| Fwd PE | 7.38 | ||
| P/S | 3.2 | ||
| P/FCF | 21.88 | ||
| P/OCF | 10.43 | ||
| P/B | 4.9 | ||
| P/tB | 4.9 | ||
| EV/EBITDA | 8.8 |
EPS(TTM)1.41
EY6.13%
EPS(NY)3.12
Fwd EY13.54%
FCF(TTM)1.05
FCFY4.57%
OCF(TTM)2.21
OCFY9.59%
SpS7.2
BVpS4.7
TBVpS4.7
PEG (NY)0.27
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
WACC15.53%
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 16.31 and the Price/Book (PB) ratio is 4.9.
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%.