Harmony Gold Mining Valuation
Is HMY undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of HMY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: HMY (ARS9790) is trading below our estimate of fair value (ARS19383.55)
Significantly Below Fair Value: HMY is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for HMY?
Key metric: As HMY is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is HMY's PE Ratio? | |
|---|---|
| PE Ratio | 11.7x |
| Earnings | R8.59b |
| Market Cap | R100.88b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.6x |
| Enterprise Value/EBITDA | 5.3x |
| PEG Ratio | 0.4x |
Price to Earnings Ratio vs Peers
How does HMY's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 69x | ||
TXAR Ternium Argentina | 202.7x | n/a | AR$3.7t |
ALUA Aluar Aluminio ArgentinoI.C | 21.7x | n/a | AR$2.3t |
EVN Evolution Mining | 21.8x | 9.4% | AU$9.2b |
1818 Zhaojin Mining Industry | 29.8x | 34.9% | HK$38.6b |
HMY Harmony Gold Mining | 11.7x | 28.9% | AR$100.9b |
Price-To-Earnings vs Peers: HMY is good value based on its Price-To-Earnings Ratio (11.7x) compared to the peer average (69x).
Price to Earnings Ratio vs Industry
How does HMY's PE Ratio compare vs other companies in the South American Metals and Mining Industry?
| 1 Company | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 1 Company | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: HMY is expensive based on its Price-To-Earnings Ratio (11.7x) compared to the South American Metals and Mining industry average (8.5x).
Price to Earnings Ratio vs Fair Ratio
What is HMY's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 11.7x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HMY's Price-To-Earnings Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
Discover undervalued companies
United States Steel
US$8.1b
Produces and sells flat-rolled and tubular steel products primarily in North America and Europe.
XD
US$13.00
7D
-11.6%
1Y
7.0%
Avery Dennison
US$16.1b
Operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally.
AVY
US$12,475.00
7D
-5.3%
1Y
38.0%
Freeport-McMoRan
US$62.2b
Engages in the mining of mineral properties in North America, South America, and Indonesia.
FCX
US$16,150.00
7D
-8.8%
1Y
55.7%