HARMONY GOLD MINING COMPANY LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 157.9 ZAR | -1.60% |
|
-6.12% | +32.07% |
| 04-30 | A flurry of corporate results ahead of the Fed's rate decision |  |
| 04-16 | Public Investment Corporation Limited acquired unknown minority stake in Harmony Gold Mining Company Limited. | CI |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 17,132 | 43,339 | 32,178 | 32,038 | 48,978 | 97,913 | - | - |
| Enterprise Value (EV) 1 | 22,054 | 44,700 | 32,720 | 32,795 | 51,806 | 95,497 | 86,055 | 74,907 |
| P/E ratio | -6.37 x | -43.8 x | 5.86 x | -30.2 x | 10.2 x | 8.05 x | 6.28 x | 6.55 x |
| Yield | - | - | 2.6% | 1.19% | 0.95% | 1.76% | 2.35% | 2.63% |
| Capitalization / Revenue | 0.64 x | 1.48 x | 0.77 x | 0.75 x | 0.99 x | 1.59 x | 1.45 x | 1.48 x |
| EV / Revenue | 0.82 x | 1.53 x | 0.78 x | 0.77 x | 1.05 x | 1.55 x | 1.28 x | 1.13 x |
| EV / EBITDA | 4.06 x | 6.21 x | 2.98 x | 4.46 x | 4.91 x | 4.51 x | 3.3 x | 3.04 x |
| EV / FCF | -61.8 x | 40.2 x | 8.11 x | 46.2 x | 22.4 x | 15.8 x | 6.9 x | 4.54 x |
| FCF Yield | -1.62% | 2.49% | 12.3% | 2.16% | 4.46% | 6.35% | 14.5% | 22% |
| Price to Book | 0.74 x | 1.64 x | 1.01 x | 1.06 x | 1.41 x | 2.17 x | 1.67 x | 1.37 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 | 157.9 | 157.9 | 157.9 |
| Announcement Date | 19-08-20 | 20-09-15 | 21-08-31 | 22-08-30 | 23-08-29 | - | - | - |
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 | 61,655 | 67,331 | 66,179 |
| EBITDA 1 | 5,430 | 7,197 | 10,978 | 7,361 | 10,548 | 21,167 | 26,103 | 24,669 |
| EBIT 1 | 1,376 | 3,689 | 7,085 | 3,678 | 7,094 | 16,801 | 21,560 | 19,095 |
| Operating Margin | 5.11% | 12.61% | 16.98% | 8.62% | 14.4% | 27.25% | 32.02% | 28.85% |
| Earnings before Tax (EBT) 1 | -2,746 | -595 | 6,743 | -1,058 | 6,606 | 16,629 | 20,866 | 21,535 |
| Net income 1 | -2,607 | -878 | 5,553 | -1,052 | 4,820 | 11,670 | 16,504 | 16,963 |
| Net margin | -9.69% | -3% | 13.31% | -2.47% | 9.78% | 18.93% | 24.51% | 25.63% |
| EPS 2 | -4.980 | -1.640 | 9.010 | -1.720 | 7.800 | 19.61 | 25.15 | 24.10 |
| Free Cash Flow 1 | -357 | 1,113 | 4,037 | 710 | 2,308 | 6,060 | 12,479 | 16,508 |
| FCF margin | -1.33% | 3.81% | 9.67% | 1.66% | 4.68% | 9.83% | 18.53% | 24.94% |
| FCF Conversion (EBITDA) | - | 15.46% | 36.77% | 9.65% | 21.88% | 28.63% | 47.8% | 66.92% |
| FCF Conversion (Net income) | - | - | 72.7% | - | 47.88% | 51.93% | 75.61% | 97.32% |
| Dividend per Share 2 | - | - | 1.370 | 0.6200 | 0.7500 | 2.783 | 3.711 | 4.155 |
| Announcement Date | 19-08-20 | 20-09-15 | 21-08-31 | 22-08-30 | 23-08-29 | - | - | - |
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 | 20-02-11 | 21-02-23 | 22-02-28 | 22-08-30 | - | 24-02-28 |
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 | - | - | - | - | - | 2,416 | 11,858 | 23,005 |
| 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 | 6,060 | 12,479 | 16,508 |
| ROE (net income / shareholders' equity) | 4.45% | -3.82% | 20.3% | 9.98% | 15.3% | 29.9% | 29.4% | 21.7% |
| ROA (Net income/ Total Assets) | 2.8% | - | 11.8% | 6.39% | 9.5% | 18.2% | 22.2% | 19.6% |
| Assets 1 | -93,159 | - | 46,909 | -16,462 | 50,750 | 64,119 | 74,343 | 86,544 |
| Book Value Per Share 2 | 43.20 | 43.70 | 52.40 | 49.10 | 56.10 | 72.60 | 94.40 | 115.0 |
| 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 | 9,133 | 9,212 | 6,665 |
| Capex / Sales | 18.71% | 12.34% | 12.32% | 14.57% | 15.5% | 14.81% | 13.68% | 10.07% |
| Announcement Date | 19-08-20 | 20-09-15 | 21-08-31 | 22-08-30 | 23-08-29 | - | - | - |
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
157.9
ZAR
Average target price
121.7
ZAR
Spread / Average Target
-22.97%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +32.07% | 5.29B | |
| +14.85% | 23.69B | |
| +8.72% | 14.6B | |
| +31.73% | 8.79B | |
| -4.30% | 5.1B | |
| -6.31% | 4.9B | |
| +26.30% | 3.27B | |
| +19.71% | 2.31B | |
| -12.61% | 2.23B | |
| +11.71% | 1.62B |
- Stock Market
- Equities
- HAR Stock
- Financials Harmony Gold Mining Company Limited
