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HMY

HarmoneyASX:HMY Stock Report

Market Cap

AU$183.7m

7D

-3.7%

1Y

n/a

Updated

25 Oct, 2021

Data

Company Financials +
HMY fundamental analysis
Snowflake Score
Valuation0/6
Future Growth5/6
Past Performance0/6
Financial Health4/6
Dividends0/6

HMY Overview

Harmoney Corp Limited provides online unsecured personal loans in Australia and New Zealand.

Rewards

Earnings are forecast to grow 85.24% per year

Risk Analysis

No risks detected for HMY from our risk checks.

Price History & Performance

Summary of all time highs, changes and price drops for Harmoney
Historical stock prices
Current Share PriceAU$1.82
52 Week HighAU$1.20
52 Week LowAU$3.55
Beta0
1 Month Change-3.19%
3 Month Change-1.36%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-47.25%

Recent News & Updates

Feb 19
What You Need To Know About Harmoney Corp Limited's (ASX:HMY) Investor Composition

What You Need To Know About Harmoney Corp Limited's (ASX:HMY) Investor Composition

The big shareholder groups in Harmoney Corp Limited ( ASX:HMY ) have power over the company. Generally speaking, as a...

Shareholder Returns

HMYAU Consumer FinanceAU Market
7D-3.7%2.8%0.6%
1Yn/a15.6%21.3%

Return vs Industry: Insufficient data to determine how HMY performed against the Australian Consumer Finance industry.

Return vs Market: Insufficient data to determine how HMY performed against the Australian Market.

Price Volatility

Is HMY's price volatile compared to industry and market?
HMY volatility
HMY Beta0
Industry Beta1.96
Market Beta1

Stable Share Price: HMY is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: HMY's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2013n/aDavid Stevenshttps://www.harmoney.co.nz

Harmoney Corp Limited provides online unsecured personal loans in Australia and New Zealand. The company’s personal loans are used for various purposes, including debt consolidation, home improvement, wedding, car purchase, holiday, education, business, and medical expenses. It distributes its loan products through Stellare, a digital lending platform.

Harmoney Fundamentals Summary

How do Harmoney's earnings and revenue compare to its market cap?
HMY fundamental statistics
Market CapNZ$192.05m
Earnings (TTM)-NZ$27.03m
Revenue (TTM)NZ$15.52m

12.4x

P/S Ratio

-7.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HMY income statement (TTM)
RevenueNZ$15.52m
Cost of RevenueNZ$4.01m
Gross ProfitNZ$11.51m
ExpensesNZ$38.55m
Earnings-NZ$27.03m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.27
Gross Margin74.18%
Net Profit Margin-174.22%
Debt/Equity Ratio385.3%

How did HMY perform over the long term?

See historical performance and comparison

Valuation

Is Harmoney undervalued compared to its fair value and its price relative to the market?

2.54x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate HMY's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate HMY's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: HMY is unprofitable, so we can't compare its PE Ratio to the Australian Consumer Finance industry average.

PE vs Market: HMY is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HMY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HMY is overvalued based on its PB Ratio (2.5x) compared to the AU Consumer Finance industry average (1.8x).


Future Growth

How is Harmoney forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

85.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HMY is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: HMY is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: HMY's is expected to become profitable in the next 3 years.

Revenue vs Market: HMY's revenue (43.7% per year) is forecast to grow faster than the Australian market (5.3% per year).

High Growth Revenue: HMY's revenue (43.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HMY's Return on Equity is forecast to be low in 3 years time (12.6%).


Past Performance

How has Harmoney performed over the past 5 years?

-64.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HMY is currently unprofitable.

Growing Profit Margin: HMY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HMY is unprofitable, and losses have increased over the past 5 years at a rate of 64.8% per year.

Accelerating Growth: Unable to compare HMY's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HMY is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Finance industry (171.9%).


Return on Equity

High ROE: HMY has a negative Return on Equity (-35.71%), as it is currently unprofitable.


Financial Health

How is Harmoney's financial position?


Financial Position Analysis

Short Term Liabilities: HMY's short term assets (NZ$373.2M) exceed its short term liabilities (NZ$21.0M).

Long Term Liabilities: HMY's short term assets (NZ$373.2M) exceed its long term liabilities (NZ$292.0M).


Debt to Equity History and Analysis

Debt Level: HMY's debt to equity ratio (385.3%) is considered high.

Reducing Debt: Insufficient data to determine if HMY's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: HMY has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: HMY has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 42.4% each year


Dividend

What is Harmoney current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate HMY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate HMY's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if HMY's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HMY's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HMY's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.8yrs

Average management tenure


CEO

David Stevens

2.08yrs

Tenure

Mr. David John Stevens, BCom, CA, SA Fin, serves as Chief Executive Officer of HarMoney Corporation Limited since September 2019 and also serves as its Managing Director. He serves as Director at HarMoney...


Leadership Team

Experienced Management: HMY's management team is seasoned and experienced (6.8 years average tenure).


Board Members

Experienced Board: HMY's board of directors are considered experienced (3.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: HMY only recently listed within the past 12 months.


Top Shareholders

Company Information

Harmoney Corp Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Harmoney Corp Limited
  • Ticker: HMY
  • Exchange: ASX
  • Founded: 2013
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: AU$183.661m
  • Shares outstanding: 100.91m
  • Website: https://www.harmoney.co.nz

Location

  • Harmoney Corp Limited
  • 79 Carlton Gore Road
  • Ground Floor
  • Newmarket
  • 1023
  • New Zealand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:56
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.