HARMONY GOLD MNG-SPON ADR (HMY) Stock Fundamental Analysis
NYSE:HMY - New York Stock Exchange, Inc. - US4132163001 - ADR - Currency: USD
Taking everything into account, HMY scores 7 out of 10 in our fundamental rating. HMY was compared to 152 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 valued quite cheap, while showing a decent growth score. This is a good combination! These ratings could make HMY a good candidate for value and quality investing.
1. Profitability
1.1 Basic Checks
HMY had positive earnings in the past year.
HMY had a positive operating cash flow in the past year.
In multiple years HMY reported negative net income over the last 5 years.
Each year in the past 5 years HMY had a positive operating cash flow.
1.2 Ratios
The Return On Assets of HMY (14.20%) is better than 92.41% of its industry peers.
With an excellent Return On Equity value of 21.06%, HMY belongs to the best of the industry, outperforming 93.10% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 19.48%, HMY belongs to the top of the industry, outperforming 97.24% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for HMY is above the industry average of 8.75%.
The last Return On Invested Capital (19.48%) for HMY is above the 3 year average (12.70%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.2% | ||
| ROE | 21.06% | ||
| ROIC | 19.48% |
ROA(3y)6.79%
ROA(5y)5.77%
ROE(3y)10.48%
ROE(5y)8.8%
ROIC(3y)12.7%
ROIC(5y)10.76%
1.3 Margins
The Profit Margin of HMY (13.99%) is better than 84.83% of its industry peers.
HMY's Profit Margin has improved in the last couple of years.
HMY has a better Operating Margin (22.82%) than 81.38% of its industry peers.
In the last couple of years the Operating Margin of HMY has grown nicely.
With a decent Gross Margin value of 27.74%, HMY is doing good in the industry, outperforming 66.90% of the companies in the same industry.
HMY's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.82% | ||
| PM (TTM) | 13.99% | ||
| GM | 27.74% |
OM growth 3Y13.59%
OM growth 5Y39.42%
PM growth 3Y4.7%
PM growth 5YN/A
GM growth 3Y14.56%
GM growth 5Y27.88%
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.
The debt/assets ratio for HMY has been reduced compared to a year ago.
2.2 Solvency
HMY has an Altman-Z score of 6.10. 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 6.10, HMY is in the better half of the industry, outperforming 75.17% of the companies in the same industry.
HMY has a debt to FCF ratio of 0.25. This is a very positive value and a sign of high solvency as it would only need 0.25 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 0.25, HMY belongs to the best of the industry, outperforming 93.10% 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 68.28% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.25 | ||
| Altman-Z | 6.1 |
ROIC/WACC1.17
WACC16.59%
2.3 Liquidity
HMY has a Current Ratio of 1.56. 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 worse Current ratio (1.56) than 71.72% of its industry peers.
HMY has a Quick Ratio of 1.07. 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 worse Quick ratio (1.07) than 65.52% of its industry peers.
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 | 1.56 | ||
| Quick Ratio | 1.07 |
3. Growth
3.1 Past
HMY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 75.94%, which is quite impressive.
Measured over the past years, HMY shows a quite strong growth in Earnings Per Share. The EPS has been growing by 18.22% on average per year.
The Revenue has grown by 24.56% in the past year. This is a very strong growth!
The Revenue has been growing by 17.93% on average over the past years. This is quite good.
EPS 1Y (TTM)75.94%
EPS 3Y18.22%
EPS 5YN/A
EPS Q2Q%-13.45%
Revenue 1Y (TTM)24.56%
Revenue growth 3Y13.72%
Revenue growth 5Y17.93%
Sales Q2Q%15.18%
3.2 Future
Based on estimates for the next years, HMY will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.04% on average per year.
Based on estimates for the next years, HMY will show a small growth in Revenue. The Revenue will grow by 4.97% on average per year.
EPS Next Y37.18%
EPS Next 2Y16.09%
EPS Next 3Y15.04%
EPS Next 5YN/A
Revenue Next Year12.18%
Revenue Next 2Y8.72%
Revenue Next 3Y4.97%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 15.03, which indicates a correct valuation of HMY.
Based on the Price/Earnings ratio, HMY is valued a bit cheaper than 77.93% of the companies in the same industry.
HMY's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.46.
With a Price/Forward Earnings ratio of 8.49, the valuation of HMY can be described as very reasonable.
Based on the Price/Forward Earnings ratio, HMY is valued cheaper than 84.14% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 92.56. HMY is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.03 | ||
| Fwd PE | 8.49 |
4.2 Price Multiples
HMY's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. HMY is cheaper than 73.10% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of HMY indicates a somewhat cheap valuation: HMY is cheaper than 80.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.21 | ||
| EV/EBITDA | 6.98 |
4.3 Compensation for Growth
The 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 15.04% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.4
PEG (5Y)N/A
EPS Next 2Y16.09%
EPS Next 3Y15.04%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.24%, HMY has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.17, HMY pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.27, HMY's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.24% |
5.2 History
On average, the dividend of HMY grows each year by 47.94%, which is quite nice.
HMY has paid a dividend for at least 10 years, which is 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 16.73% 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.
DP16.73%
EPS Next 2Y16.09%
EPS Next 3Y15.04%
HARMONY GOLD MNG-SPON ADR
NYSE:HMY (1/31/2025, 8:04:00 PM)
After market: 11.3685 +0.1 (+0.87%)11.27
-0.08 (-0.7%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners59.19%
Inst Owner Change0.25%
Ins Owners0.13%
Ins Owner ChangeN/A
Market Cap7.13B
Analysts47.14
Price Target8.87 (-21.3%)
Short Float %1.73%
Short Ratio1.85
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.24% |
Yearly Dividend2.32
Dividend Growth(5Y)47.94%
DP16.73%
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)-1.95%
PT rev (3m)-8%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.62%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.97%
Revenue NY rev (3m)2.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.03 | ||
| Fwd PE | 8.49 | ||
| P/S | 2.15 | ||
| P/FCF | 18.21 | ||
| P/OCF | 8.44 | ||
| P/B | 3.24 | ||
| P/tB | 3.24 | ||
| EV/EBITDA | 6.98 |
EPS(TTM)0.75
EY6.65%
EPS(NY)1.33
Fwd EY11.77%
FCF(TTM)0.62
FCFY5.49%
OCF(TTM)1.34
OCFY11.85%
SpS5.24
BVpS3.48
TBVpS3.48
PEG (NY)0.4
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.2% | ||
| ROE | 21.06% | ||
| ROCE | 26.37% | ||
| ROIC | 19.48% | ||
| ROICexc | 21.37% | ||
| ROICexgc | 21.38% | ||
| OM | 22.82% | ||
| PM (TTM) | 13.99% | ||
| GM | 27.74% | ||
| FCFM | 11.82% |
ROA(3y)6.79%
ROA(5y)5.77%
ROE(3y)10.48%
ROE(5y)8.8%
ROIC(3y)12.7%
ROIC(5y)10.76%
ROICexc(3y)13.71%
ROICexc(5y)11.71%
ROICexgc(3y)13.72%
ROICexgc(5y)11.76%
ROCE(3y)17.19%
ROCE(5y)14.57%
ROICexcg growth 3Y21.3%
ROICexcg growth 5Y51.35%
ROICexc growth 3Y21.65%
ROICexc growth 5Y51.84%
OM growth 3Y13.59%
OM growth 5Y39.42%
PM growth 3Y4.7%
PM growth 5YN/A
GM growth 3Y14.56%
GM growth 5Y27.88%
F-Score8
Asset Turnover1.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.25 | ||
| Debt/EBITDA | 0.1 | ||
| Cap/Depr | 180.91% | ||
| Cap/Sales | 13.68% | ||
| Interest Coverage | 27.62 | ||
| Cash Conversion | 83.93% | ||
| Profit Quality | 84.45% | ||
| Current Ratio | 1.56 | ||
| Quick Ratio | 1.07 | ||
| Altman-Z | 6.1 |
F-Score8
WACC16.59%
ROIC/WACC1.17
Cap/Depr(3y)190.28%
Cap/Depr(5y)161.27%
Cap/Sales(3y)14.59%
Cap/Sales(5y)13.68%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)75.94%
EPS 3Y18.22%
EPS 5YN/A
EPS Q2Q%-13.45%
EPS Next Y37.18%
EPS Next 2Y16.09%
EPS Next 3Y15.04%
EPS Next 5YN/A
Revenue 1Y (TTM)24.56%
Revenue growth 3Y13.72%
Revenue growth 5Y17.93%
Sales Q2Q%15.18%
Revenue Next Year12.18%
Revenue Next 2Y8.72%
Revenue Next 3Y4.97%
Revenue Next 5YN/A
EBIT growth 1Y76.14%
EBIT growth 3Y29.18%
EBIT growth 5Y64.42%
EBIT Next Year61.79%
EBIT Next 3Y18.75%
EBIT Next 5YN/A
FCF growth 1Y214.21%
FCF growth 3Y21.56%
FCF growth 5YN/A
OCF growth 1Y57.32%
OCF growth 3Y19.46%
OCF growth 5Y27.31%