HARMONY GOLD MNG-SPON ADR (HMY) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:HMY - US4132163001 - ADR
20.69 USD
+0.08 (+0.39%)
20.6505 USD
-0.04 (-0.19%)
HMY gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 157 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. An interesting combination arises when we look at growth and value: HMY is growing strongly while it also seems undervalued. These ratings could make HMY a good candidate 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.
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 94.90% of the companies in the same industry.
HMY has a better Return On Equity (22.97%) than 94.90% of its industry peers.
With an excellent Return On Invested Capital value of 20.62%, HMY belongs to the best of the industry, outperforming 94.27% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for HMY is significantly above the industry average of 10.33%.
The 3 year average ROIC (17.52%) for HMY is below the current ROIC(20.62%), indicating increased profibility in the last year.
| 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 79.62% of its industry peers.
HMY's Operating Margin of 25.71% is fine compared to the rest of the industry. HMY outperforms 74.52% of its industry peers.
HMY's Operating Margin has improved in the last couple of years.
The Gross Margin of HMY (30.55%) is better than 66.88% 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
HMY has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, HMY has more shares outstanding
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 7.73 indicates that HMY is not in any danger for bankruptcy at the moment.
HMY has a Altman-Z score of 7.73. This is in the better half of the industry: HMY outperforms 75.16% 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.
HMY's Debt to FCF ratio of 0.22 is amongst the best of the industry. HMY outperforms 93.63% 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.
Looking at the Debt to Equity ratio, with a value of 0.04, HMY is in the better half of the industry, outperforming 67.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.22 | ||
| Altman-Z | 7.73 |
ROIC/WACC1.35
WACC15.31%
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 63.06% 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.
HMY has a Quick ratio (1.46) which is in line with its industry peers.
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 | 1.84 | ||
| Quick Ratio | 1.46 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 66.97% over the past year.
HMY shows a strong growth in Revenue. In the last year, the Revenue has grown by 20.39%.
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 25.45% yearly.
HMY is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.76% yearly.
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
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 14.78, HMY is valued correctly.
Based on the Price/Earnings ratio, HMY is valued cheaper than 93.63% of the companies in the same industry.
When comparing the Price/Earnings ratio of HMY to the average of the S&P500 Index (27.19), we can say HMY is valued slightly cheaper.
A Price/Forward Earnings ratio of 6.67 indicates a rather cheap valuation of HMY.
Based on the Price/Forward Earnings ratio, HMY is valued cheaper than 95.54% 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 23.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.78 | ||
| Fwd PE | 6.67 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HMY is valued cheaper than 83.44% of the companies in the same industry.
HMY's Price/Free Cash Flow ratio is rather cheap when compared to the industry. HMY is cheaper than 89.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.46 | ||
| EV/EBITDA | 9.36 |
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.
A more expensive valuation may be justified as HMY's earnings are expected to grow with 25.45% in the coming years.
PEG (NY)0.24
PEG (5Y)N/A
EPS Next 2Y43%
EPS Next 3Y25.45%
5. Dividend
5.1 Amount
HMY has a Yearly Dividend Yield of 1.13%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 0.99, HMY pays a bit more dividend than its industry peers.
With a Dividend Yield of 1.13, HMY pays less dividend than the S&P500 average, which is at 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
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 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 2Y43%
EPS Next 3Y25.45%
20.69
+0.08 (+0.39%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners54.37%
Inst Owner Change0%
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap12.92B
Revenue(TTM)73.90B
Net Income(TTM)10.52B
Analysts72.73
Price Target22.36 (8.07%)
Short Float %1.33%
Short Ratio1.65
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
Yearly Dividend0.14
Dividend Growth(5Y)47.94%
DP14.98%
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)22.78%
PT rev (3m)37.6%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)6.62%
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 | 14.78 | ||
| Fwd PE | 6.67 | ||
| P/S | 3.18 | ||
| P/FCF | 22.46 | ||
| P/OCF | 11.33 | ||
| P/B | 4.66 | ||
| P/tB | 4.66 | ||
| EV/EBITDA | 9.36 |
EPS(TTM)1.4
EY6.77%
EPS(NY)3.1
Fwd EY14.99%
FCF(TTM)0.92
FCFY4.45%
OCF(TTM)1.83
OCFY8.83%
SpS6.51
BVpS4.44
TBVpS4.44
PEG (NY)0.24
PEG (5Y)N/A
Graham Number11.83
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 | 7.73 |
F-Score8
WACC15.31%
ROIC/WACC1.35
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 Year37.12%
Revenue Next 2Y25.48%
Revenue Next 3Y14.76%
Revenue Next 5YN/A
EBIT growth 1Y40.71%
EBIT growth 3Y72.85%
EBIT growth 5Y54.55%
EBIT Next Year114.89%
EBIT Next 3Y33.05%
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.
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 8 / 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 14.78 and the Price/Book (PB) ratio is 4.66.
Can you provide the dividend sustainability for HMY stock?
The dividend rating of HARMONY GOLD MNG-SPON ADR (HMY) is 5 / 10 and the dividend payout ratio is 14.98%.