HARMONY GOLD MNG-SPON ADR (HMY)
US4132163001 - ADR
Taking everything into account, HMY scores 4 out of 10 in our fundamental rating. HMY was compared to 154 industry peers in the Metals & Mining industry. HMY has an excellent profitability rating, but there are concerns on its financial health. HMY has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
HMY had positive earnings in the past year.
In multiple years HMY reported negative net income over the last 5 years.
Of the past 5 years HMY 4 years had a positive operating cash flow.
1.2 Ratios
HMY's Return On Assets of 8.42% is amongst the best of the industry. HMY outperforms 81.70% of its industry peers.
HMY has a better Return On Equity (13.87%) than 80.39% of its industry peers.
The Return On Invested Capital of HMY (12.50%) is better than 84.97% 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 9.45%.
The 3 year average ROIC (10.21%) for HMY is below the current ROIC(12.50%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.42% | ||
| ROE | 13.87% | ||
| ROIC | 12.5% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)10.21%
ROIC(5y)7.57%
1.3 Margins
HMY has a better Profit Margin (9.78%) than 77.78% of its industry peers.
HMY has a Operating Margin of 17.29%. This is in the better half of the industry: HMY outperforms 75.16% of its industry peers.
In the last couple of years the Operating Margin of HMY has grown nicely.
HMY has a better Gross Margin (20.98%) than 60.78% of its industry peers.
HMY's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.29% | ||
| PM | 9.78% | ||
| GM | 20.98% |
OM growth 3Y29.1%
OM growth 5Y21.15%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y22.02%
GM growth 5Y12.32%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so HMY is destroying value.
The number of shares outstanding for HMY has been increased compared to 1 year ago.
HMY has more shares outstanding than it did 5 years ago.
HMY has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.76 indicates that HMY is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of HMY (2.76) is comparable to the rest of the industry.
HMY has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.16, HMY perfoms like the industry average, outperforming 54.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.76 |
ROIC/WACC0.82
WACC16.14%
2.3 Liquidity
A Current Ratio of 1.26 indicates that HMY should not have too much problems paying its short term obligations.
HMY's Current ratio of 1.26 is on the low side compared to the rest of the industry. HMY is outperformed by 82.35% of its industry peers.
A Quick Ratio of 0.79 indicates that HMY may have some problems paying its short term obligations.
HMY has a worse Quick ratio (0.79) than 82.35% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.26 | ||
| Quick Ratio | 0.79 |
3. Growth
3.1 Past
HMY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 548.25%, which is quite impressive.
HMY shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.55%.
The Revenue has been growing by 19.23% on average over the past years. This is quite good.
EPS 1Y548.25%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q220.73%
Revenue growth 1Y15.55%
Revenue growth 3Y18.99%
Revenue growth 5Y19.23%
Revenue growth Q2Q25.72%
3.2 Future
The Earnings Per Share is expected to decrease by -16.52% on average over the next years. This is quite bad
The Revenue is expected to decrease by -0.22% on average over the next years.
EPS Next Y84.07%
EPS Next 2Y31.62%
EPS Next 3Y-16.52%
EPS Next 5YN/A
Revenue Next Year15.45%
Revenue Next 2Y7.23%
Revenue Next 3Y-0.22%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 9.88, which indicates a very decent valuation of HMY.
HMY's Price/Earnings ratio is rather cheap when compared to the industry. HMY is cheaper than 83.01% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.92, HMY is valued rather cheaply.
A Price/Forward Earnings ratio of 5.18 indicates a rather cheap valuation of HMY.
96.73% of the companies in the same industry are more expensive than HMY, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 19.00. HMY is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.88 | ||
| Fwd PE | 5.18 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
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.
HMY has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as HMY's earnings are expected to decrease with -16.52% in the coming years.
PEG (NY)0.12
PEG (5Y)N/A
EPS Next 2Y31.62%
EPS Next 3Y-16.52%
5. Dividend
5.1 Amount
HMY has a yearly dividend return of 0.90%, which is pretty low.
HMY's Dividend Yield is a higher than the industry average which is at 3.41.
With a Dividend Yield of 0.90, HMY pays less dividend than the S&P500 average, which is at 2.64.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.9% |
5.2 History
The dividend of HMY decreases each year by -6.96%.
HMY has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-6.96%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
HMY's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DPN/A
EPS Next 2Y31.62%
EPS Next 3Y-16.52%
HARMONY GOLD MNG-SPON ADR
NYSE:HMY (9/25/2023, 7:04:00 PM)
After market: 4.16 +0.01 (+0.24%)4.15
-0.14 (-3.26%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)08-30 2023-08-30/amc
Earnings (Next)N/A N/A
Inst Owners28.54%
Inst Owner Change-5.01%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap2.56B
Analysts51.43
Price Target4.37 (5.3%)
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.9% |
Dividend Growth(5Y)-6.96%
DPN/A
Div Incr Years0
Div Non Decr Years0
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
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
PT rev (1m)-2.64%
PT rev (3m)19.32%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)4.11%
EPS NY rev (3m)18.95%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.51%
Revenue NY rev (3m)3.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.88 | ||
| Fwd PE | 5.18 | ||
| P/S | 0.98 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 1.39 | ||
| P/tB | 1.39 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.42
EY10.12%
EPS(NY)0.8
Fwd EY19.3%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS4.25
BVpS2.99
TBVpS2.99
PEG (NY)0.12
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.42% | ||
| ROE | 13.87% | ||
| ROCE | 16.91% | ||
| ROIC | 12.5% | ||
| ROICexc | 13.26% | ||
| ROICexgc | 13.26% | ||
| OM | 17.29% | ||
| PM | 9.78% | ||
| GM | 20.98% | ||
| FCFM | N/A |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)10.21%
ROIC(5y)7.57%
ROICexc(3y)10.86%
ROICexc(5y)8.17%
ROICexgc(3y)10.9%
ROICexgc(5y)8.23%
ROCE(3y)13.81%
ROCE(5y)10.24%
ROICexcg growth 3Y32.17%
ROICexcg growth 5Y35.67%
ROICexc growth 3Y32.92%
ROICexc growth 5Y36.05%
OM growth 3Y29.1%
OM growth 5Y21.15%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y22.02%
GM growth 5Y12.32%
F-ScoreN/A
Asset Turnover0.86
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.26 | ||
| Quick Ratio | 0.79 | ||
| Altman-Z | 2.76 |
F-ScoreN/A
WACC16.14%
ROIC/WACC0.82
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
Growth
EPS 1Y548.25%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q220.73%
EPS Next Y84.07%
EPS Next 2Y31.62%
EPS Next 3Y-16.52%
EPS Next 5YN/A
Revenue growth 1Y15.55%
Revenue growth 3Y18.99%
Revenue growth 5Y19.23%
Revenue growth Q2Q25.72%
Revenue Next Year15.45%
Revenue Next 2Y7.23%
Revenue Next 3Y-0.22%
Revenue Next 5YN/A
EBIT growth 1Y112.29%
EBIT growth 3Y53.62%
EBIT growth 5Y44.44%
EBIT Next Year110.82%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3YN/A
OCF growth 5YN/A