HARMONY GOLD MNG-SPON ADR (HMY)

US4132163001 - ADR

9.25  +0.11 (+1.2%)

After market: 9.28 +0.03 (+0.32%)

Fundamental Rating

7

Taking everything into account, HMY scores 7 out of 10 in our fundamental rating. HMY was compared to 156 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. A decent growth rate in combination with a cheap valuation! Better keep an eye on HMY. This makes HMY very considerable for value and quality investing!



8

1. Profitability

1.1 Basic Checks

In the past year HMY was profitable.
HMY had a positive operating cash flow in the past year.
In multiple years HMY reported negative net income over the last 5 years.
HMY had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

With an excellent Return On Assets value of 14.89%, HMY belongs to the best of the industry, outperforming 94.87% of the companies in the same industry.
The Return On Equity of HMY (22.35%) is better than 93.59% of its industry peers.
Looking at the Return On Invested Capital, with a value of 16.96%, HMY belongs to the top of the industry, outperforming 96.15% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for HMY is in line with the industry average of 8.98%.
The 3 year average ROIC (9.93%) for HMY is below the current ROIC(16.96%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 14.89%
ROE 22.35%
ROIC 16.96%
ROA(3y)5.53%
ROA(5y)1.51%
ROE(3y)8.9%
ROE(5y)2.28%
ROIC(3y)9.93%
ROIC(5y)7.4%

1.3 Margins

With an excellent Profit Margin value of 15.50%, HMY belongs to the best of the industry, outperforming 89.10% of the companies in the same industry.
HMY has a Operating Margin of 21.35%. This is amongst the best in the industry. HMY outperforms 82.05% of its industry peers.
In the last couple of years the Operating Margin of HMY has grown nicely.
The Gross Margin of HMY (26.04%) is better than 68.59% of its industry peers.
HMY's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 21.35%
PM (TTM) 15.5%
GM 26.04%
OM growth 3Y26.16%
OM growth 5Y19.49%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y19.75%
GM growth 5Y11.06%

7

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.
HMY has more shares outstanding than it did 1 year ago.
HMY has more shares outstanding than it did 5 years ago.
The debt/assets ratio for HMY is higher compared to a year ago.

2.2 Solvency

An Altman-Z score of 5.00 indicates that HMY is not in any danger for bankruptcy at the moment.
HMY's Altman-Z score of 5.00 is fine compared to the rest of the industry. HMY outperforms 72.44% of its industry peers.
The Debt to FCF ratio of HMY is 0.56, which is an excellent value as it means it would take HMY, only 0.56 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 0.56, HMY belongs to the best of the industry, outperforming 89.74% of the companies in the same industry.
HMY has a Debt/Equity ratio of 0.08. This is a healthy value indicating a solid balance between debt and equity.
HMY has a Debt to Equity ratio of 0.08. This is in the better half of the industry: HMY outperforms 60.26% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.08
Debt/FCF 0.56
Altman-Z 5
ROIC/WACC1.03
WACC16.4%

2.3 Liquidity

HMY has a Current Ratio of 1.62. 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 Current ratio value of 1.62, HMY is not doing good in the industry: 71.15% of the companies in the same industry are doing better.
A Quick Ratio of 1.11 indicates that HMY should not have too much problems paying its short term obligations.
HMY has a worse Quick ratio (1.11) than 63.46% 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 RankSector Rank
Current Ratio 1.62
Quick Ratio 1.11

6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 1513.09% over the past year.
The Revenue has grown by 30.66% in the past year. This is a very strong growth!
HMY shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.23% yearly.
EPS 1Y (TTM)1513.09%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%221.4%
Revenue 1Y (TTM)30.66%
Revenue growth 3Y18.99%
Revenue growth 5Y19.23%
Sales Q2Q%35.07%

3.2 Future

The Earnings Per Share is expected to grow by 24.75% 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 8.50% yearly.
EPS Next Y85.06%
EPS Next 2Y53.28%
EPS Next 3Y24.75%
EPS Next 5YN/A
Revenue Next Year22.89%
Revenue Next 2Y14.96%
Revenue Next 3Y8.5%
Revenue Next 5YN/A

3.3 Evolution

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.

8

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 11.86, the valuation of HMY can be described as reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of HMY indicates a rather cheap valuation: HMY is cheaper than 81.41% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.24, HMY is valued rather cheaply.
A Price/Forward Earnings ratio of 8.85 indicates a reasonable valuation of HMY.
87.18% of the companies in the same industry are more expensive than HMY, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of HMY to the average of the S&P500 Index (19.93), we can say HMY is valued rather cheaply.
Industry RankSector Rank
PE 11.86
Fwd PE 8.85

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, HMY is valued a bit cheaper than the industry average as 74.36% of the companies are valued more expensively.
78.85% of the companies in the same industry are more expensive than HMY, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 17.49
EV/EBITDA 6.61

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 24.75% in the coming years.
PEG (NY)0.14
PEG (5Y)N/A
EPS Next 2Y53.28%
EPS Next 3Y24.75%

4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 1.29%, HMY has a reasonable but not impressive dividend return.
HMY's Dividend Yield is a higher than the industry average which is at 2.76.
With a Dividend Yield of 1.29, HMY pays less dividend than the S&P500 average, which is at 2.32.
Industry RankSector Rank
Dividend Yield 1.29%

5.2 History

The dividend of HMY decreases each year by -24.26%.
HMY has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of HMY decreased recently.
Dividend Growth(5Y)-24.26%
Div Incr Years1
Div Non Decr Years1

5.3 Sustainability

5.56% of the earnings are spent on dividend by HMY. This is a low number and sustainable payout ratio.
DP5.56%
EPS Next 2Y53.28%
EPS Next 3Y24.75%

HARMONY GOLD MNG-SPON ADR

NYSE:HMY (5/24/2024, 7:04:00 PM)

After market: 9.28 +0.03 (+0.32%)

9.25

+0.11 (+1.2%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap5.73B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 1.29%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 11.86
Fwd PE 8.85
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.14
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 14.89%
ROE 22.35%
ROCE
ROIC
ROICexc
ROICexgc
OM 21.35%
PM (TTM) 15.5%
GM 26.04%
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.96
Health
Industry RankSector Rank
Debt/Equity 0.08
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 1.62
Quick Ratio 1.11
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)1513.09%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y85.06%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)30.66%
Revenue growth 3Y18.99%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y