HARMONY GOLD MNG-SPON ADR (HMY) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:HMY - US4132163001 - ADR
18.15 USD
+0.39 (+2.2%)
18.0136 USD
-0.14 (-0.75%)
We assign a fundamental rating of 7 out of 10 to HMY. HMY was compared to 153 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. HMY is evaluated to be cheap and growing strongly. This does not happen too often! With these ratings, HMY could be worth investigating further 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 4 of the past 5 years.
1.2 Ratios
HMY has a better Return On Assets (15.28%) than 94.12% of its industry peers.
The Return On Equity of HMY (22.97%) is better than 94.12% of its industry peers.
HMY has a better Return On Invested Capital (20.62%) than 95.42% of its industry peers.
The Average Return On Invested Capital over the past 3 years for HMY is above the industry average of 13.09%.
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
The Profit Margin of HMY (15.68%) is better than 80.39% of its industry peers.
HMY has a better Operating Margin (25.71%) than 75.82% of its industry peers.
In the last couple of years the Operating Margin of HMY has grown nicely.
HMY has a better Gross Margin (30.55%) than 67.97% of its industry peers.
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
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
HMY has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, HMY has an improved debt to assets ratio.
2.2 Solvency
HMY has an Altman-Z score of 7.27. This indicates that HMY is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 7.27, HMY is in the better half of the industry, outperforming 73.86% of the companies in the same industry.
HMY has a debt to FCF ratio of 0.22. This is a very positive value and a sign of high solvency as it would only need 0.22 years to pay back of all of its debts.
The Debt to FCF ratio of HMY (0.22) is better than 92.81% 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.
With a decent Debt to Equity ratio value of 0.04, HMY is doing good in the industry, outperforming 64.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.22 | ||
| Altman-Z | 7.27 |
ROIC/WACC1.42
WACC14.56%
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.
HMY's Current ratio of 1.84 is on the low side compared to the rest of the industry. HMY is outperformed by 64.05% of its industry peers.
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 45.10% 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 | 1.84 | ||
| 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.
The Revenue has grown by 20.39% in the past year. This is a very strong growth!
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
HMY is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.06% yearly.
The Revenue is expected to grow by 12.51% on average over the next years. This is quite good.
EPS Next Y40.48%
EPS Next 2Y34.84%
EPS Next 3Y22.06%
EPS Next 5YN/A
Revenue Next Year32.53%
Revenue Next 2Y20.52%
Revenue Next 3Y12.51%
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 13.44, HMY is valued correctly.
HMY's Price/Earnings ratio is rather cheap when compared to the industry. HMY is cheaper than 90.85% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.98, HMY is valued a bit cheaper.
With a Price/Forward Earnings ratio of 6.97, the valuation of HMY can be described as very cheap.
Based on the Price/Forward Earnings ratio, HMY is valued cheaper than 93.46% of the companies in the same industry.
HMY's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 35.79.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.44 | ||
| 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 80.39% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, HMY is valued cheaper than 85.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.54 | ||
| EV/EBITDA | 8.56 |
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.
A more expensive valuation may be justified as HMY's earnings are expected to grow with 22.06% in the coming years.
PEG (NY)0.33
PEG (5Y)N/A
EPS Next 2Y34.84%
EPS Next 3Y22.06%
5. Dividend
5.1 Amount
HMY has a Yearly Dividend Yield of 1.30%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.72, HMY pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.41, HMY's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.3% |
5.2 History
The dividend of HMY is nicely growing with an annual growth rate of 47.94%!
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)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.
The dividend of HMY is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP14.98%
EPS Next 2Y34.84%
EPS Next 3Y22.06%
18.15
+0.39 (+2.2%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners54.96%
Inst Owner Change-2.52%
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap11.34B
Revenue(TTM)73.90B
Net Income(TTM)10.52B
Analysts52.31
Price Target18.21 (0.33%)
Short Float %0.69%
Short Ratio0.64
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.3% |
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)12.07%
PT rev (3m)19.34%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-6.72%
EPS NY rev (3m)-1.97%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)9.02%
Revenue NY rev (3m)7.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.44 | ||
| Fwd PE | 6.97 | ||
| P/S | 2.91 | ||
| P/FCF | 20.54 | ||
| P/OCF | 10.36 | ||
| P/B | 4.26 | ||
| P/tB | 4.26 | ||
| EV/EBITDA | 8.56 |
EPS(TTM)1.35
EY7.44%
EPS(NY)2.6
Fwd EY14.34%
FCF(TTM)0.88
FCFY4.87%
OCF(TTM)1.75
OCFY9.65%
SpS6.24
BVpS4.26
TBVpS4.26
PEG (NY)0.33
PEG (5Y)N/A
Graham Number11.38
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 | 7.27 |
F-Score8
WACC14.56%
ROIC/WACC1.42
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 Y40.48%
EPS Next 2Y34.84%
EPS Next 3Y22.06%
EPS Next 5YN/A
Revenue 1Y (TTM)20.39%
Revenue growth 3Y20.11%
Revenue growth 5Y20.37%
Sales Q2Q%22.66%
Revenue Next Year32.53%
Revenue Next 2Y20.52%
Revenue Next 3Y12.51%
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 13.44 and the Price/Book (PB) ratio is 4.26.
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%.