HARMONY GOLD MNG-SPON ADR (HMY)
US4132163001 - ADR
Taking everything into account, HMY scores 7 out of 10 in our fundamental rating. HMY was compared to 155 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. 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.
In the past year HMY had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: HMY reported negative net income in multiple 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 94.19% of the companies in the same industry.
With an excellent Return On Equity value of 22.35%, HMY belongs to the best of the industry, outperforming 92.90% of the companies in the same industry.
HMY has a better Return On Invested Capital (16.96%) than 95.48% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for HMY is in line with the industry average of 9.26%.
The 3 year average ROIC (9.93%) for HMY is below the current ROIC(16.96%), indicating increased profibility in the last year.
| Industry Rank | Sector 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 87.10% of the companies in the same industry.
HMY has a Operating Margin of 21.35%. This is in the better half of the industry: HMY outperforms 80.00% of its industry peers.
HMY's Operating Margin has improved in the last couple of years.
The Gross Margin of HMY (26.04%) is better than 67.10% of its industry peers.
HMY's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
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.
Compared to 5 years ago, HMY has more shares outstanding
Compared to 1 year ago, HMY has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 5.12 indicates that HMY is not in any danger for bankruptcy at the moment.
HMY's Altman-Z score of 5.12 is fine compared to the rest of the industry. HMY outperforms 73.55% of its industry peers.
HMY has a debt to FCF ratio of 0.56. This is a very positive value and a sign of high solvency as it would only need 0.56 years to pay back of all of its debts.
The Debt to FCF ratio of HMY (0.56) is better than 90.32% of its industry peers.
A Debt/Equity ratio of 0.08 indicates that HMY is not too dependend on debt financing.
HMY has a Debt to Equity ratio of 0.08. This is in the better half of the industry: HMY outperforms 61.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.56 | ||
| Altman-Z | 5.12 |
ROIC/WACC1.06
WACC16.06%
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.
HMY's Current ratio of 1.62 is on the low side compared to the rest of the industry. HMY is outperformed by 70.97% of its industry peers.
HMY has a Quick Ratio of 1.11. This is a normal value and indicates that HMY is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of HMY (1.11) is worse than 64.52% 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 | 1.62 | ||
| Quick Ratio | 1.11 |
3. Growth
3.1 Past
HMY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 1513.09%, which is quite impressive.
HMY shows a strong growth in Revenue. In the last year, the Revenue has grown by 30.66%.
Measured over the past years, HMY shows a quite strong growth in Revenue. The Revenue has been growing by 19.23% on average per year.
EPS 1Y (TTM)1513.09%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q221.4%
Revenue 1Y (TTM)30.66%
Revenue growth 3Y18.99%
Revenue growth 5Y19.23%
Revenue growth Q2Q35.07%
3.2 Future
HMY is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.75% yearly.
Based on estimates for the next years, HMY will show a quite strong growth in Revenue. The Revenue will grow by 8.50% on average per year.
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 12.16, the valuation of HMY can be described as correct.
Based on the Price/Earnings ratio, HMY is valued cheaper than 82.58% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 24.80. HMY is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 9.06 indicates a reasonable 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 91.61% of the companies listed in the same industry.
HMY is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.27, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.16 | ||
| Fwd PE | 9.06 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HMY indicates a somewhat cheap valuation: HMY is cheaper than 74.84% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, HMY is valued a bit cheaper than the industry average as 78.71% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.91 | ||
| EV/EBITDA | 6.85 |
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.
HMY's earnings are expected to grow with 24.75% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.14
PEG (5Y)N/A
EPS Next 2Y53.28%
EPS Next 3Y24.75%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.32%, HMY has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.87, HMY pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, HMY's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.32% |
5.2 History
The dividend of HMY decreases each year by -24.26%.
HMY has paid a dividend for at least 10 years, which is 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
HMY pays out 5.56% of its income as dividend. This is a sustainable payout ratio.
DP5.56%
EPS Next 2Y53.28%
EPS Next 3Y24.75%
HARMONY GOLD MNG-SPON ADR
NYSE:HMY (4/18/2024, 7:04:00 PM)
Premarket: 9.11 -0.01 (-0.11%)9.12
+0.04 (+0.44%)
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 Cap5.65B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.32% |
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)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.16 | ||
| Fwd PE | 9.06 | ||
| 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 Rank | Sector 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 Rank | Sector 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)
Growth
EPS 1Y (TTM)1513.09%
EPS 3YN/A
EPS 5Y
EPS growth 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
Revenue growth 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