HARMONY GOLD MNG-SPON ADR (HMY)
US4132163001 - ADR
Taking everything into account, HMY scores 8 out of 10 in our fundamental rating. HMY was compared to 155 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 scores decently on growth, while it is valued quite cheap. This could make an interesting combination. With these ratings, HMY could be worth investigating further 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.
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 14.20%, HMY belongs to the best of the industry, outperforming 92.26% of the companies in the same industry.
HMY has a better Return On Equity (21.06%) than 92.90% of its industry peers.
The Return On Invested Capital of HMY (19.48%) is better than 97.42% of its industry peers.
The Average Return On Invested Capital over the past 3 years for HMY is above the industry average of 8.82%.
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
Looking at the Profit Margin, with a value of 13.99%, HMY belongs to the top of the industry, outperforming 85.16% of the companies in the same industry.
HMY's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 22.82%, HMY belongs to the best of the industry, outperforming 82.58% of the companies in the same industry.
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 68.39% of the companies in the same industry.
In the last couple of years the Gross Margin of HMY has grown nicely.
| 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
HMY has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for HMY has been increased compared to 1 year ago.
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
An Altman-Z score of 5.03 indicates that HMY is not in any danger for bankruptcy at the moment.
HMY has a Altman-Z score of 5.03. This is in the better half of the industry: HMY outperforms 72.26% of its industry peers.
The Debt to FCF ratio of HMY is 0.25, which is an excellent value as it means it would take HMY, only 0.25 years of fcf income to pay off all of its debts.
HMY has a Debt to FCF ratio of 0.25. This is amongst the best in the industry. HMY outperforms 92.26% of its industry peers.
A Debt/Equity ratio of 0.04 indicates that HMY is not too dependend on debt financing.
HMY has a better Debt to Equity ratio (0.04) than 66.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.25 | ||
| Altman-Z | 5.03 |
ROIC/WACC1.16
WACC16.77%
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.
Looking at the Current ratio, with a value of 1.56, HMY is doing worse than 72.90% of the companies in the same industry.
A Quick Ratio of 1.07 indicates that HMY should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.07, HMY is doing worse than 66.45% of the companies in the same industry.
The current and quick ratio evaluation for HMY is rather negative, while it does have 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
The Earnings Per Share has grown by an impressive 75.94% over the past year.
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.
HMY shows a strong growth in Revenue. In the last year, the Revenue has grown by 24.56%.
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
The Earnings Per Share is expected to grow by 15.04% on average over the next years. This is quite good.
The Revenue is expected to grow by 4.41% on average over the next years.
EPS Next Y37.18%
EPS Next 2Y16.09%
EPS Next 3Y15.04%
EPS Next 5YN/A
Revenue Next Year11.1%
Revenue Next 2Y8.14%
Revenue Next 3Y4.41%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 11.22, the valuation of HMY can be described as very reasonable.
Based on the Price/Earnings ratio, HMY is valued cheaply inside the industry as 84.52% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of HMY to the average of the S&P500 Index (27.54), we can say HMY is valued rather cheaply.
With a Price/Forward Earnings ratio of 6.28, the valuation of HMY can be described as very cheap.
90.32% of the companies in the same industry are more expensive than HMY, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.99, HMY is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.22 | ||
| Fwd PE | 6.28 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HMY is valued cheaper than 84.52% of the companies in the same industry.
83.87% of the companies in the same industry are more expensive than HMY, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.47 | ||
| EV/EBITDA | 5.09 |
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.
A more expensive valuation may be justified as HMY's earnings are expected to grow with 15.04% in the coming years.
PEG (NY)0.3
PEG (5Y)N/A
EPS Next 2Y16.09%
EPS Next 3Y15.04%
5. Dividend
5.1 Amount
HMY has a Yearly Dividend Yield of 1.55%. Purely for dividend investing, there may be better candidates out there.
The stock price of HMY dropped by -22.96% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
HMY's Dividend Yield is a higher than the industry average which is at 3.22.
Compared to the average S&P500 Dividend Yield of 2.36, HMY is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.55% |
5.2 History
On average, the dividend of HMY grows each year by 47.94%, which is quite nice.
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)47.94%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
16.73% of the earnings are spent on dividend by HMY. This is a low number and sustainable payout ratio.
HMY's earnings are growing slower than its dividend. 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 (12/26/2024, 1:05:51 PM)
8.305
-0.02 (-0.18%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners59.19%
Inst Owner Change-8.99%
Ins Owners0.13%
Ins Owner ChangeN/A
Market Cap5.25B
Analysts45.33
Price Target9.05 (8.97%)
Short Float %1.54%
Short Ratio1.85
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.55% |
Dividend Growth(5Y)47.94%
DP16.73%
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)-6.17%
PT rev (3m)10.5%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.62%
EPS NY rev (3m)3.85%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.63%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.22 | ||
| Fwd PE | 6.28 | ||
| P/S | 1.59 | ||
| P/FCF | 13.47 | ||
| P/OCF | 6.24 | ||
| P/B | 2.4 | ||
| P/tB | 2.4 | ||
| EV/EBITDA | 5.09 |
EPS(TTM)0.74
EY8.91%
EPS(NY)1.32
Fwd EY15.92%
FCF(TTM)0.62
FCFY7.42%
OCF(TTM)1.33
OCFY16.02%
SpS5.22
BVpS3.47
TBVpS3.46
PEG (NY)0.3
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 | 5.03 |
F-Score8
WACC16.77%
ROIC/WACC1.16
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 Year11.1%
Revenue Next 2Y8.14%
Revenue Next 3Y4.41%
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%