HARMONY GOLD MNG-SPON ADR (HMY) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:HMY - US4132163001 - ADR
21.8 USD
-0.15 (-0.68%)
22 USD
+0.2 (+0.92%)
We assign a fundamental rating of 8 out of 10 to HMY. HMY was compared to 157 industry peers in the Metals & Mining industry. HMY gets an excellent profitability rating and is at the same time showing great financial health properties. HMY has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination! With these ratings, HMY could be worth investigating further for value and growth and quality investing!.
1. Profitability
1.1 Basic Checks
- HMY had positive earnings in the past year.
- In the past year HMY had a positive cash flow from operations.
- Of the past 5 years HMY 4 years were profitable.
- Each year in the past 5 years HMY had a positive operating cash flow.
1.2 Ratios
- HMY has a better Return On Assets (18.56%) than 96.82% of its industry peers.
- HMY's Return On Equity of 29.82% is amongst the best of the industry. HMY outperforms 95.54% of its industry peers.
- HMY's Return On Invested Capital of 22.66% is amongst the best of the industry. HMY outperforms 96.82% 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 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 82.80% of its industry peers.
- Looking at the Operating Margin, with a value of 28.04%, HMY belongs to the top of the industry, outperforming 80.25% of the companies in the same industry.
- HMY's Operating Margin has improved in the last couple of years.
- HMY has a better Gross Margin (33.10%) than 69.43% 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
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so HMY is still creating some value.
- HMY has more shares outstanding than it did 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 6.85 indicates that HMY is not in any danger for bankruptcy at the moment.
- The Altman-Z score of HMY (6.85) is better than 73.25% 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.
- Looking at the Debt to FCF ratio, with a value of 0.18, HMY belongs to the top of the industry, outperforming 93.63% 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 68.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.18 | ||
| Altman-Z | 6.85 |
ROIC/WACC1.48
WACC15.35%
2.3 Liquidity
- A Current Ratio of 1.72 indicates that HMY should not have too much problems paying its short term obligations.
- HMY has a worse Current ratio (1.72) than 64.33% of its industry peers.
- A Quick Ratio of 1.41 indicates that HMY should not have too much problems paying its short term obligations.
- HMY's Quick ratio of 1.41 is in line compared to the rest of the industry. HMY outperforms 45.86% 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 | 1.72 | ||
| Quick Ratio | 1.41 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 66.97% over the past year.
- The Revenue has grown by 20.39% in the past year. This is a very strong growth!
- 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
- The Earnings Per Share is expected to grow by 25.45% on average over the next years. This is a very strong growth
- Based on estimates for the next years, HMY will show a quite strong growth in Revenue. The Revenue will grow by 14.76% on average per year.
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
- 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
- A Price/Earnings ratio of 15.35 indicates a correct valuation of HMY.
- 94.27% 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 27.47.
- Based on the Price/Forward Earnings ratio of 6.97, the valuation of HMY can be described as very cheap.
- 96.82% 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 24.26.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.35 | ||
| Fwd PE | 6.97 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, HMY is valued cheaper than 88.53% of the companies in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of HMY indicates a rather cheap valuation: HMY is cheaper than 90.45% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.66 | ||
| EV/EBITDA | 8.34 |
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 25.45% in the coming years.
PEG (NY)0.25
PEG (5Y)N/A
EPS Next 2Y43%
EPS Next 3Y25.45%
5. Dividend
5.1 Amount
- HMY has a Yearly Dividend Yield of 1.14%.
- Compared to an average industry Dividend Yield of 0.98, HMY pays a bit more dividend than its industry peers.
- HMY's Dividend Yield is slightly below the S&P500 average, which is at 1.89.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.14% |
5.2 History
- 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)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%
21.8
-0.15 (-0.68%)
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 Change0.61%
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap13.62B
Revenue(TTM)73.90B
Net Income(TTM)14.38B
Analysts72.73
Price Target22.36 (2.57%)
Short Float %1.33%
Short Ratio1.65
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.14% |
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)1.28%
PT rev (3m)37.6%
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 | 15.35 | ||
| Fwd PE | 6.97 | ||
| P/S | 3.02 | ||
| P/FCF | 20.66 | ||
| P/OCF | 9.84 | ||
| P/B | 4.62 | ||
| P/tB | 4.62 | ||
| EV/EBITDA | 8.34 |
EPS(TTM)1.42
EY6.51%
EPS(NY)3.13
Fwd EY14.35%
FCF(TTM)1.06
FCFY4.84%
OCF(TTM)2.21
OCFY10.16%
SpS7.23
BVpS4.72
TBVpS4.72
PEG (NY)0.25
PEG (5Y)N/A
Graham Number12.28
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 | 6.85 |
F-Score7
WACC15.35%
ROIC/WACC1.48
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 15.35 and the Price/Book (PB) ratio is 4.62.
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%.