HARMONY GOLD MNG-SPON ADR (HMY) Stock Fundamental Analysis
USA - NYSE:HMY - US4132163001 - ADR
16.42 USD
+0.59 (+3.73%)
16.42 USD
0 (0%)
Taking everything into account, HMY scores 7 out of 10 in our fundamental rating. HMY was compared to 154 industry peers in the Metals & Mining industry. Both the health and profitability get an excellent rating, making HMY a very profitable company, without any liquidiy or solvency issues. HMY is evaluated to be cheap and growing strongly. This does not happen too often! This makes HMY very considerable 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.
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
HMY has a Return On Assets of 15.28%. This is amongst the best in the industry. HMY outperforms 95.45% of its industry peers.
With an excellent Return On Equity value of 22.97%, HMY belongs to the best of the industry, outperforming 94.81% of the companies in the same industry.
HMY's Return On Invested Capital of 20.62% is amongst the best of the industry. HMY outperforms 97.40% 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 12.58%.
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 amongst the best of the industry. HMY outperforms 80.52% of its industry peers.
Looking at the Operating Margin, with a value of 25.71%, HMY is in the better half of the industry, outperforming 77.27% of the companies in the same industry.
In the last couple of years the Operating Margin of HMY has grown nicely.
The Gross Margin of HMY (30.55%) is better than 69.48% 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), HMY 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 an improved debt to assets ratio.
2.2 Solvency
HMY has an Altman-Z score of 6.66. This indicates that HMY is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 6.66, HMY is doing good in the industry, outperforming 73.38% of the companies in the same industry.
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 94.16% 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 has a Debt to Equity ratio of 0.04. This is in the better half of the industry: HMY outperforms 64.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.22 | ||
| Altman-Z | 6.66 |
ROIC/WACC1.45
WACC14.23%
2.3 Liquidity
A Current Ratio of 1.84 indicates that HMY should not have too much problems paying 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 62.99% of its industry peers.
A Quick Ratio of 1.46 indicates that HMY should not have too much problems paying its short term obligations.
HMY has a Quick ratio of 1.46. This is comparable to the rest of the industry: HMY outperforms 45.45% of 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
HMY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 66.97%, which is quite impressive.
The Revenue has grown by 20.39% in the past year. This is a very strong growth!
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
Based on estimates for the next years, HMY will show a very strong growth in Earnings Per Share. The EPS will grow by 23.20% on average per year.
The Revenue is expected to grow by 15.04% on average over the next years. This is quite good.
EPS Next Y50.6%
EPS Next 2Y25.08%
EPS Next 3Y23.2%
EPS Next 5YN/A
Revenue Next Year21.56%
Revenue Next 2Y11.94%
Revenue Next 3Y15.04%
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 12.25, HMY is valued correctly.
Based on the Price/Earnings ratio, HMY is valued cheaper than 93.51% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 25.83. HMY is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 5.93, the valuation of HMY can be described as very cheap.
Based on the Price/Forward Earnings ratio, HMY is valued cheaply inside the industry as 97.40% of the companies are valued more expensively.
HMY's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 32.68.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.25 | ||
| Fwd PE | 5.93 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HMY is valued cheaply inside the industry as 84.42% of the companies are valued more expensively.
HMY's Price/Free Cash Flow ratio is rather cheap when compared to the industry. HMY is cheaper than 87.01% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.72 | ||
| EV/EBITDA | 7.48 |
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 23.20% in the coming years.
PEG (NY)0.24
PEG (5Y)N/A
EPS Next 2Y25.08%
EPS Next 3Y23.2%
5. Dividend
5.1 Amount
HMY has a Yearly Dividend Yield of 1.32%. Purely for dividend investing, there may be better candidates out there.
HMY's Dividend Yield is a higher than the industry average which is at 2.65.
With a Dividend Yield of 1.32, HMY pays less dividend than the S&P500 average, which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.32% |
5.2 History
The dividend of HMY is nicely growing with an annual growth rate of 47.94%!
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
14.98% 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.
DP14.98%
EPS Next 2Y25.08%
EPS Next 3Y23.2%
16.42
+0.59 (+3.73%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners54.96%
Inst Owner Change-0.63%
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap10.26B
Revenue(TTM)73.90B
Net Income(TTM)10.52B
Analysts50.77
Price Target18.65 (13.58%)
Short Float %1.12%
Short Ratio0.93
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.32% |
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)23.9%
PT rev (3m)27.05%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)31.04%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.25 | ||
| Fwd PE | 5.93 | ||
| P/S | 2.65 | ||
| P/FCF | 18.72 | ||
| P/OCF | 9.44 | ||
| P/B | 3.88 | ||
| P/tB | 3.88 | ||
| EV/EBITDA | 7.48 |
EPS(TTM)1.34
EY8.16%
EPS(NY)2.77
Fwd EY16.87%
FCF(TTM)0.88
FCFY5.34%
OCF(TTM)1.74
OCFY10.59%
SpS6.19
BVpS4.23
TBVpS4.23
PEG (NY)0.24
PEG (5Y)N/A
Graham Number11.29
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 | 6.66 |
F-Score8
WACC14.23%
ROIC/WACC1.45
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 Y50.6%
EPS Next 2Y25.08%
EPS Next 3Y23.2%
EPS Next 5YN/A
Revenue 1Y (TTM)20.39%
Revenue growth 3Y20.11%
Revenue growth 5Y20.37%
Sales Q2Q%22.66%
Revenue Next Year21.56%
Revenue Next 2Y11.94%
Revenue Next 3Y15.04%
Revenue Next 5YN/A
EBIT growth 1Y40.71%
EBIT growth 3Y72.85%
EBIT growth 5Y54.55%
EBIT Next Year84.01%
EBIT Next 3Y35.47%
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 12.25 and the Price/Book (PB) ratio is 3.88.
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%.