HARMONY GOLD MNG-SPON ADR (HMY) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:HMY • US4132163001
21.34 USD
-3.16 (-12.9%)
At close: Jan 30, 2026
21.51 USD
+0.17 (+0.8%)
After Hours: 1/30/2026, 8:04:00 PM
We assign a fundamental rating of 8 out of 10 to HMY. HMY was compared to 157 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 is growing strongly while it also seems undervalued. This is an interesting combination 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.
- 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
- Looking at the Return On Assets, with a value of 18.56%, HMY belongs to the top of the industry, outperforming 96.82% of the companies in the same industry.
- HMY has a better Return On Equity (29.82%) than 95.54% of its industry peers.
- HMY has a better Return On Invested Capital (22.66%) than 96.82% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for HMY is significantly above the industry average of 10.48%.
- The 3 year average ROIC (17.58%) for HMY is below the current ROIC(22.66%), indicating increased profibility in the last year.
| 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
- Looking at the Profit Margin, with a value of 19.47%, HMY belongs to the top of the industry, outperforming 82.80% of the companies in the same industry.
- HMY's Operating Margin of 28.04% is amongst the best of the industry. HMY outperforms 80.25% of its industry peers.
- In the last couple of years the Operating Margin of HMY has grown nicely.
- Looking at the Gross Margin, with a value of 33.10%, HMY is in the better half of the industry, outperforming 70.06% of the companies in the same industry.
- 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
- The number of shares outstanding for HMY has been increased compared to 5 years ago.
- HMY has a better debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 6.60 indicates that HMY is not in any danger for bankruptcy at the moment.
- With a decent Altman-Z score value of 6.60, HMY is doing good in the industry, outperforming 70.06% of the companies in the same industry.
- 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 93.63% of its industry peers.
- A Debt/Equity ratio of 0.04 indicates that HMY is not too dependend on debt financing.
- HMY has a better Debt to Equity ratio (0.04) than 69.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.18 | ||
| Altman-Z | 6.6 |
ROIC/WACC1.45
WACC15.66%
2.3 Liquidity
- A Current Ratio of 1.72 indicates that HMY should not have too much problems paying its short term obligations.
- HMY has a Current ratio of 1.72. This is in the lower half of the industry: HMY underperforms 64.33% of its industry peers.
- 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.
- Looking at the Quick ratio, with a value of 1.41, HMY is in line with its industry, outperforming 46.50% of the companies in the same industry.
- 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 | 1.72 | ||
| 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.
- The Revenue has grown by 20.39% in the past year. This is a very strong growth!
- 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 30.32% on average over the next years. This is a very strong growth
- Based on estimates for the next years, HMY will show a quite strong growth in Revenue. The Revenue will grow by 14.76% on average per year.
EPS Next Y61.88%
EPS Next 2Y46.38%
EPS Next 3Y30.32%
EPS Next 5YN/A
Revenue Next Year37.12%
Revenue Next 2Y25.48%
Revenue Next 3Y14.76%
Revenue Next 5YN/A
3.3 Evolution
- Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 14.72 indicates a correct valuation of HMY.
- Based on the Price/Earnings ratio, HMY is valued cheaply inside the industry as 96.18% of the companies are valued more expensively.
- When comparing the Price/Earnings ratio of HMY to the average of the S&P500 Index (28.32), we can say HMY is valued slightly cheaper.
- A Price/Forward Earnings ratio of 6.58 indicates a rather cheap valuation of HMY.
- 96.18% of the companies in the same industry are more expensive than HMY, based on the Price/Forward Earnings ratio.
- HMY's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.72 | ||
| Fwd PE | 6.58 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HMY indicates a rather cheap valuation: HMY is cheaper than 91.08% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, HMY is valued cheaper than 90.45% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.68 | ||
| EV/EBITDA | 7.87 |
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 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 30.32% in the coming years.
PEG (NY)0.24
PEG (5Y)N/A
EPS Next 2Y46.38%
EPS Next 3Y30.32%
5. Dividend
5.1 Amount
- HMY has a yearly dividend return of 0.95%, which is pretty low.
- Compared to an average industry Dividend Yield of 1.02, HMY pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.83, HMY's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.96% |
5.2 History
- HMY has been paying a dividend for at least 10 years, so it has a reliable track record.
- HMY has decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
- HMY pays out 14.60% of its income as dividend. This is a sustainable payout ratio.
DP14.6%
EPS Next 2Y46.38%
EPS Next 3Y30.32%
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.
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 8 / 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 14.72 and the Price/Book (PB) ratio is 4.4.
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%.