HARMONY GOLD MINING COMPANY LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 168.2 ZAR | -1.45% |
|
-4.50% | +40.67% |
| Apr. 16 | Public Investment Corporation Limited acquired unknown minority stake in Harmony Gold Mining Company Limited. | CI |
| Apr. 08 | Caledonia Mining nabs Harmony Gold's Mufara as new COO | AN |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 17,132 | 43,339 | 32,178 | 32,038 | 48,978 | 104,292 | - | - |
| Enterprise Value (EV) 1 | 22,054 | 44,700 | 32,720 | 32,795 | 51,806 | 101,712 | 92,232 | 80,911 |
| P/E ratio | -6.37 x | -43.8 x | 5.86 x | -30.2 x | 10.2 x | 8.48 x | 6.51 x | 6.88 x |
| Yield | - | - | 2.6% | 1.19% | 0.95% | 1.56% | 2.24% | 2.45% |
| Capitalization / Revenue | 0.64 x | 1.48 x | 0.77 x | 0.75 x | 0.99 x | 1.7 x | 1.56 x | 1.6 x |
| EV / Revenue | 0.82 x | 1.53 x | 0.78 x | 0.77 x | 1.05 x | 1.66 x | 1.38 x | 1.24 x |
| EV / EBITDA | 4.06 x | 6.21 x | 2.98 x | 4.46 x | 4.91 x | 4.85 x | 3.64 x | 3.32 x |
| EV / FCF | -61.8 x | 40.2 x | 8.11 x | 46.2 x | 22.4 x | 18.9 x | 7.42 x | 4.9 x |
| FCF Yield | -1.62% | 2.49% | 12.3% | 2.16% | 4.46% | 5.3% | 13.5% | 20.4% |
| Price to Book | 0.74 x | 1.64 x | 1.01 x | 1.06 x | 1.41 x | 2.31 x | 1.77 x | 1.45 x |
| Nbr of stocks (in thousands) | 539,755 | 603,104 | 609,898 | 616,478 | 618,025 | 619,936 | - | - |
| Reference price 2 | 31.74 | 71.86 | 52.76 | 51.97 | 79.25 | 168.2 | 168.2 | 168.2 |
| Announcement Date | 8/20/19 | 9/15/20 | 8/31/21 | 8/30/22 | 8/29/23 | - | - | - |
1ZAR in Million2ZAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 26,912 | 29,245 | 41,733 | 42,645 | 49,275 | 61,386 | 66,742 | 65,360 |
| EBITDA 1 | 5,430 | 7,197 | 10,978 | 7,361 | 10,548 | 20,982 | 25,370 | 24,354 |
| EBIT 1 | 1,376 | 3,689 | 7,085 | 3,678 | 7,094 | 17,186 | 22,122 | 19,376 |
| Operating Margin | 5.11% | 12.61% | 16.98% | 8.62% | 14.4% | 28% | 33.14% | 29.65% |
| Earnings before Tax (EBT) 1 | -2,746 | -595 | 6,743 | -1,058 | 6,606 | 16,312 | 20,822 | 21,510 |
| Net income 1 | -2,607 | -878 | 5,553 | -1,052 | 4,820 | 11,611 | 16,771 | 17,286 |
| Net margin | -9.69% | -3% | 13.31% | -2.47% | 9.78% | 18.91% | 25.13% | 26.45% |
| EPS 2 | -4.980 | -1.640 | 9.010 | -1.720 | 7.800 | 19.83 | 25.84 | 24.46 |
| Free Cash Flow 1 | -357 | 1,113 | 4,037 | 710 | 2,308 | 5,393 | 12,430 | 16,521 |
| FCF margin | -1.33% | 3.81% | 9.67% | 1.66% | 4.68% | 8.79% | 18.62% | 25.28% |
| FCF Conversion (EBITDA) | - | 15.46% | 36.77% | 9.65% | 21.88% | 25.7% | 48.99% | 67.84% |
| FCF Conversion (Net income) | - | - | 72.7% | - | 47.88% | 46.45% | 74.12% | 95.57% |
| Dividend per Share 2 | - | - | 1.370 | 0.6200 | 0.7500 | 2.623 | 3.761 | 4.127 |
| Announcement Date | 8/20/19 | 9/15/20 | 8/31/21 | 8/30/22 | 8/29/23 | - | - | - |
1ZAR in Million2ZAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2020 S1 | 2021 S1 | 2022 S1 | 2022 S2 | 2023 S1 | 2024 S1 |
|---|---|---|---|---|---|---|
| Net sales | 15,477 | 21,588 | 21,951 | - | - | - |
| EBITDA 1 | 4,111 | 6,780 | 3,624 | - | 4,410 | 9,950 |
| EBIT 1 | 2,185 | 4,964 | 1,814 | - | - | 7,569 |
| Operating Margin | 14.12% | 22.99% | 8.26% | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - |
| Net income | - | - | 1,387 | - | - | - |
| Net margin | - | - | 6.32% | - | - | - |
| EPS | 2.400 | - | - | - | - | - |
| Dividend per Share 2 | - | - | 0.4000 | 0.2200 | - | 1.470 |
| Announcement Date | 2/11/20 | 2/23/21 | 2/28/22 | 8/30/22 | - | 2/28/24 |
1ZAR in Million2ZAR
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 4,922 | 1,361 | 542 | 757 | 2,828 | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 2,580 | 12,060 | 23,381 |
| Leverage (Debt/EBITDA) | 0.9064 x | 0.1891 x | 0.0494 x | 0.1028 x | 0.2681 x | - | - | - |
| Free Cash Flow 1 | -357 | 1,113 | 4,037 | 710 | 2,308 | 5,393 | 12,430 | 16,521 |
| ROE (net income / shareholders' equity) | 4.45% | -3.82% | 20.3% | 9.98% | 15.3% | 30.6% | 29.9% | 21.9% |
| ROA (Net income/ Total Assets) | 2.8% | - | 11.8% | 6.39% | 9.5% | 17.5% | 22.2% | 19.7% |
| Assets 1 | -93,159 | - | 46,909 | -16,462 | 50,750 | 66,179 | 75,664 | 87,882 |
| Book Value Per Share 2 | 43.20 | 43.70 | 52.40 | 49.10 | 56.10 | 72.80 | 95.20 | 116.0 |
| Cash Flow per Share 2 | 8.780 | 8.630 | 14.90 | 11.30 | 16.10 | 27.30 | 27.40 | 30.70 |
| Capex 1 | 5,036 | 3,610 | 5,142 | 6,214 | 7,640 | 9,674 | 9,247 | 6,689 |
| Capex / Sales | 18.71% | 12.34% | 12.32% | 14.57% | 15.5% | 15.76% | 13.86% | 10.23% |
| Announcement Date | 8/20/19 | 9/15/20 | 8/31/21 | 8/30/22 | 8/29/23 | - | - | - |
1ZAR in Million2ZAR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
SELL
Number of Analysts
6
Last Close Price
168.2
ZAR
Average target price
122.8
ZAR
Spread / Average Target
-26.98%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +40.67% | 5.54B | |
| +14.44% | 23.6B | |
| +18.12% | 15.6B | |
| +34.04% | 8.93B | |
| -2.15% | 5.21B | |
| +2.27% | 5.25B | |
| +26.93% | 3.29B | |
| -6.45% | 2.36B | |
| +19.82% | 2.31B | |
| +15.77% | 1.68B |
- Stock Market
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- Financials Harmony Gold Mining Company Limited
