HARMONY GOLD MNG-SPON ADR (HMY) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:HMY - US4132163001 - ADR
22.5 USD
-0.5 (-2.17%)
22.7 USD
+0.2 (+0.89%)
HMY gets a fundamental rating of 8 out of 10. The analysis compared the fundamentals against 156 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 growing strongly while it also seems undervalued. This is an interesting combination These ratings could make HMY a good candidate for value and growth and quality investing.
1. Profitability
1.1 Basic Checks
- In the past year HMY was profitable.
- In the past year HMY had a positive cash flow from operations.
- Of the past 5 years HMY 4 years were profitable.
- HMY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- The Return On Assets of HMY (18.56%) is better than 96.79% of its industry peers.
- With an excellent Return On Equity value of 29.82%, HMY belongs to the best of the industry, outperforming 95.51% of the companies in the same industry.
- The Return On Invested Capital of HMY (22.66%) is better than 96.79% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for HMY is significantly above the industry average of 10.34%.
- The last Return On Invested Capital (22.66%) for HMY is above the 3 year average (17.58%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.56% | ||
| ROE | 29.82% | ||
| ROIC | 22.66% |
ROA(3y)13.73%
ROA(5y)9.87%
ROE(3y)21.58%
ROE(5y)15.51%
ROIC(3y)17.58%
ROIC(5y)14.04%
1.3 Margins
- With an excellent Profit Margin value of 19.47%, HMY belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
- The Operating Margin of HMY (28.04%) is better than 80.13% of its industry peers.
- HMY's Operating Margin has improved in the last couple of years.
- HMY has a better Gross Margin (33.10%) than 69.87% of its industry peers.
- HMY's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.04% | ||
| PM (TTM) | 19.47% | ||
| GM | 33.1% |
OM growth 3Y44.29%
OM growth 5Y28.6%
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
- 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
- An Altman-Z score of 6.95 indicates that HMY is not in any danger for bankruptcy at the moment.
- The Altman-Z score of HMY (6.95) is better than 71.15% of its industry peers.
- HMY has a debt to FCF ratio of 0.18. This is a very positive value and a sign of high solvency as it would only need 0.18 years to pay back of all of its debts.
- HMY has a better Debt to FCF ratio (0.18) than 93.59% 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.
- HMY has a Debt to Equity ratio of 0.04. This is in the better half of the industry: HMY outperforms 69.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.18 | ||
| Altman-Z | 6.95 |
ROIC/WACC1.46
WACC15.52%
2.3 Liquidity
- HMY has a Current Ratio of 1.72. 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 1.72, HMY is not doing good in the industry: 64.10% of the companies in the same industry are doing better.
- HMY has a Quick Ratio of 1.41. 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 Quick ratio value of 1.41, HMY perfoms like the industry average, outperforming 46.15% 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 | 1.72 | ||
| Quick Ratio | 1.41 |
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.
- HMY shows a strong growth in Revenue. In the last year, the Revenue has grown by 20.39%.
- Measured over the past years, HMY shows a very strong growth in Revenue. The Revenue has been growing by 20.37% on average per year.
EPS 1Y (TTM)66.97%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%147.05%
Revenue 1Y (TTM)20.39%
Revenue growth 3Y20.11%
Revenue growth 5Y20.37%
Sales Q2Q%22.66%
3.2 Future
- The Earnings Per Share is expected to grow by 25.45% 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 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
- Based on the Price/Earnings ratio of 15.85, the valuation of HMY can be described as correct.
- Compared to the rest of the industry, the Price/Earnings ratio of HMY indicates a rather cheap valuation: HMY is cheaper than 94.23% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 27.32, HMY is valued a bit cheaper.
- Based on the Price/Forward Earnings ratio of 7.17, 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 95.51% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.30, HMY is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.85 | ||
| Fwd PE | 7.17 |
4.2 Price Multiples
- HMY's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. HMY is cheaper than 88.46% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, HMY is valued cheaply inside the industry as 91.03% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.24 | ||
| EV/EBITDA | 8.53 |
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 25.45% in the coming years.
PEG (NY)0.26
PEG (5Y)N/A
EPS Next 2Y43%
EPS Next 3Y25.45%
5. Dividend
5.1 Amount
- HMY has a Yearly Dividend Yield of 1.06%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 0.96, HMY pays a bit more dividend than its industry peers.
- With a Dividend Yield of 1.06, HMY pays less dividend than the S&P500 average, which is at 1.86.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.06% |
5.2 History
- 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)N/A
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
- 14.60% of the earnings are spent on dividend by HMY. This is a low number and sustainable payout ratio.
DP14.6%
EPS Next 2Y43%
EPS Next 3Y25.45%
22.5
-0.5 (-2.17%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)12-30 2025-12-30
Earnings (Next)03-02 2026-03-02
Inst Owners54.37%
Inst Owner Change0.62%
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap14.05B
Revenue(TTM)73.90B
Net Income(TTM)14.38B
Analysts72.73
Price Target22.72 (0.98%)
Short Float %1.11%
Short Ratio1.53
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.06% |
Yearly Dividend0.21
Dividend Growth(5Y)N/A
DP14.6%
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)2.94%
PT rev (3m)39.86%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.01%
EPS NY rev (3m)6.63%
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 | 15.85 | ||
| Fwd PE | 7.17 | ||
| P/S | 3.1 | ||
| P/FCF | 21.24 | ||
| P/OCF | 10.12 | ||
| P/B | 4.75 | ||
| P/tB | 4.75 | ||
| EV/EBITDA | 8.53 |
EPS(TTM)1.42
EY6.31%
EPS(NY)3.14
Fwd EY13.96%
FCF(TTM)1.06
FCFY4.71%
OCF(TTM)2.22
OCFY9.88%
SpS7.25
BVpS4.73
TBVpS4.73
PEG (NY)0.26
PEG (5Y)N/A
Graham Number12.3
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.56% | ||
| ROE | 29.82% | ||
| ROCE | 31.83% | ||
| ROIC | 22.66% | ||
| ROICexc | 28.37% | ||
| ROICexgc | 28.37% | ||
| OM | 28.04% | ||
| PM (TTM) | 19.47% | ||
| GM | 33.1% | ||
| FCFM | 14.6% |
ROA(3y)13.73%
ROA(5y)9.87%
ROE(3y)21.58%
ROE(5y)15.51%
ROIC(3y)17.58%
ROIC(5y)14.04%
ROICexc(3y)20.33%
ROICexc(5y)15.92%
ROICexgc(3y)20.33%
ROICexgc(5y)15.95%
ROCE(3y)24.69%
ROCE(5y)19.72%
ROICexgc growth 3Y57.9%
ROICexgc growth 5Y38.89%
ROICexc growth 3Y57.96%
ROICexc growth 5Y39.38%
OM growth 3Y44.29%
OM growth 5Y28.6%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y39.66%
GM growth 5Y23.45%
F-Score7
Asset Turnover0.95
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.18 | ||
| Debt/EBITDA | 0.07 | ||
| Cap/Depr | 244.84% | ||
| Cap/Sales | 16.04% | ||
| Interest Coverage | 80.32 | ||
| Cash Conversion | 88.59% | ||
| Profit Quality | 75.03% | ||
| Current Ratio | 1.72 | ||
| Quick Ratio | 1.41 | ||
| Altman-Z | 6.95 |
F-Score7
WACC15.52%
ROIC/WACC1.46
Cap/Depr(3y)215.65%
Cap/Depr(5y)189.66%
Cap/Sales(3y)15.08%
Cap/Sales(5y)14.42%
Profit Quality(3y)69.12%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)66.97%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%147.05%
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 1Y47.97%
EBIT growth 3Y73.31%
EBIT growth 5Y54.8%
EBIT Next Year114.89%
EBIT Next 3Y33.05%
EBIT Next 5YN/A
FCF growth 1Y48.81%
FCF growth 3Y147.71%
FCF growth 5Y57.51%
OCF growth 1Y44.71%
OCF growth 3Y48.44%
OCF growth 5Y36.82%
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 8 / 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 9 / 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 15.85 and the Price/Book (PB) ratio is 4.75.
Can you provide the dividend sustainability for HMY stock?
The dividend rating of HARMONY GOLD MNG-SPON ADR (HMY) is 4 / 10 and the dividend payout ratio is 14.6%.