HARMONY GOLD MNG-SPON ADR (HMY) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:HMY - US4132163001 - ADR
20.4 USD
-0.18 (-0.87%)
20.3235 USD
-0.08 (-0.37%)
HMY gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 155 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.
HMY had positive earnings in 4 of the past 5 years.
Of the past 5 years HMY 4 years had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 15.28%, HMY belongs to the best of the industry, outperforming 93.55% of the companies in the same industry.
HMY has a Return On Equity of 22.97%. This is amongst the best in the industry. HMY outperforms 93.55% of its industry peers.
HMY has a better Return On Invested Capital (20.62%) than 94.84% of its industry peers.
HMY had an Average Return On Invested Capital over the past 3 years of 17.52%. This is above the industry average of 13.15%.
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
HMY's Profit Margin of 15.68% is fine compared to the rest of the industry. HMY outperforms 79.35% of its industry peers.
HMY has a Operating Margin of 25.71%. This is in the better half of the industry: HMY outperforms 74.19% of its industry peers.
In the last couple of years the Operating Margin of HMY has grown nicely.
HMY's Gross Margin of 30.55% is fine compared to the rest of the industry. HMY outperforms 67.10% of its industry peers.
HMY's Gross Margin has improved in the last couple of years.
| 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
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.
HMY has more shares outstanding than it did 5 years ago.
HMY has a better debt/assets ratio than last year.
2.2 Solvency
HMY has an Altman-Z score of 7.86. This indicates that HMY is financially healthy and has little risk of bankruptcy at the moment.
HMY has a better Altman-Z score (7.86) than 73.55% of its industry peers.
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.
Looking at the Debt to FCF ratio, with a value of 0.22, HMY belongs to the top of the industry, outperforming 92.90% of the companies in the same industry.
A Debt/Equity ratio of 0.04 indicates that HMY is not too dependend on debt financing.
HMY's Debt to Equity ratio of 0.04 is fine compared to the rest of the industry. HMY outperforms 66.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.22 | ||
| Altman-Z | 7.86 |
ROIC/WACC1.34
WACC15.42%
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 has a Current ratio of 1.84. This is in the lower half of the industry: HMY underperforms 64.52% of its industry peers.
HMY has a Quick Ratio of 1.46. 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 Quick ratio value of 1.46, HMY perfoms like the industry average, outperforming 45.81% 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
The Earnings Per Share has grown by an impressive 66.97% over the past year.
Looking at the last year, HMY shows a very strong growth in Revenue. 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%147.07%
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
HMY is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.33% yearly.
EPS Next Y60.56%
EPS Next 2Y43%
EPS Next 3Y25.45%
EPS Next 5YN/A
Revenue Next Year36.55%
Revenue Next 2Y24.8%
Revenue Next 3Y14.33%
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
Based on the Price/Earnings ratio of 14.89, the valuation of HMY can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of HMY indicates a rather cheap valuation: HMY is cheaper than 92.90% of the companies listed in the same industry.
HMY is valuated rather cheaply when we compare the Price/Earnings ratio to 26.54, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 6.75, which indicates a rather cheap valuation of HMY.
Compared to the rest of the industry, the Price/Forward Earnings ratio of HMY indicates a rather cheap valuation: HMY is cheaper than 95.48% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.78. HMY is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.89 | ||
| Fwd PE | 6.75 |
4.2 Price Multiples
78.71% of the companies in the same industry are more expensive than HMY, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, HMY is valued cheaply inside the industry as 86.45% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.71 | ||
| EV/EBITDA | 9.59 |
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.
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)0.25
PEG (5Y)N/A
EPS Next 2Y43%
EPS Next 3Y25.45%
5. Dividend
5.1 Amount
HMY has a Yearly Dividend Yield of 1.19%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.50, HMY pays a bit more dividend than its industry peers.
With a Dividend Yield of 1.19, HMY pays less dividend than the S&P500 average, which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.19% |
5.2 History
The dividend of HMY is nicely growing with an annual growth rate of 47.94%!
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
14.98% of the earnings are spent on dividend by HMY. This is a low number and 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 2Y43%
EPS Next 3Y25.45%
20.4
-0.18 (-0.87%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners55.9%
Inst Owner Change-2.52%
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap12.74B
Revenue(TTM)73.90B
Net Income(TTM)10.52B
Analysts72.73
Price Target22.07 (8.19%)
Short Float %1.14%
Short Ratio1.22
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.19% |
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)18.34%
PT rev (3m)44.67%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)14.3%
EPS NY rev (3m)12.05%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)3.03%
Revenue NY rev (3m)10.87%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.89 | ||
| Fwd PE | 6.75 | ||
| P/S | 3.22 | ||
| P/FCF | 22.71 | ||
| P/OCF | 11.46 | ||
| P/B | 4.71 | ||
| P/tB | 4.71 | ||
| EV/EBITDA | 9.59 |
EPS(TTM)1.37
EY6.72%
EPS(NY)3.02
Fwd EY14.82%
FCF(TTM)0.9
FCFY4.4%
OCF(TTM)1.78
OCFY8.73%
SpS6.34
BVpS4.33
TBVpS4.33
PEG (NY)0.25
PEG (5Y)N/A
Graham Number11.55
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 | 7.86 |
F-Score8
WACC15.42%
ROIC/WACC1.34
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 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 Year36.55%
Revenue Next 2Y24.8%
Revenue Next 3Y14.33%
Revenue Next 5YN/A
EBIT growth 1Y40.71%
EBIT growth 3Y72.85%
EBIT growth 5Y54.55%
EBIT Next Year114.78%
EBIT Next 3Y31.75%
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 14.89 and the Price/Book (PB) ratio is 4.71.
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%.