Harmony Gold Mining Stock Return On Equity

HMY Stock

USD 9.63 0.06 0.63%

Harmony Gold Mining fundamentals help investors to digest information that contributes to Harmony Gold's financial success or failures. It also enables traders to predict the movement of Harmony Stock. The fundamental analysis module provides a way to measure Harmony Gold's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Harmony Gold stock.

		Last Reported	Projected for Next Year
	Return On Equity	0.21	0.22

Return On Equity is likely to rise to 0.22 in 2024.

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Harmony Gold Mining Company Return On Equity Analysis

Harmony Gold's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.

Return On Equity

Net Income

Total Equity

More About Return On Equity | All Equity Analysis

Current Harmony Gold Return On Equity

0.23

Most of Harmony Gold's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Harmony Gold Mining is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Harmony Return On Equity Driver Correlations

Understanding the fundamental principles of building solid financial models for Harmony Gold is extremely important. It helps to project a fair market value of Harmony Stock properly, considering its historical fundamentals such as Return On Equity. Since Harmony Gold's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Harmony Gold's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Harmony Gold's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Common Stock	Net Debt	Long Term Debt	Short Term Debt	Property Plant Equipment	Current Deferred Revenue	Good Will	Intangible Assets	Short Term Investments	Net Tangible Assets	Long Term Investments	Short Long Term Debt	Long Term Debt Total	Net Invested Capital	Cash And Equivalents	Net Working Capital	Capital Stock
Total Assets		0.93	-0.12	0.28	0.63	0.84	0.69	0.59	-0.01	0.43	-0.04	0.53	0.19	-0.01	-0.82	-0.81	0.6	0.21	0.0	0.32	0.57	0.39	0.46	0.53
Total Stockholder Equity	0.93		0.09	0.07	0.56	0.58	0.53	0.64	-0.12	0.15	0.09	0.36	0.1	0.26	-0.83	-0.83	0.45	0.01	0.11	0.05	0.5	0.13	0.23	0.38
Retained Earnings	-0.12	0.09		-0.5	0.31	-0.42	0.09	-0.37	-0.76	-0.32	0.02	-0.19	0.03	0.27	0.29	0.27	-0.23	-0.66	0.12	-0.17	0.43	-0.18	-0.14	0.25
Accounts Payable	0.28	0.07	-0.5		0.2	0.51	0.34	-0.09	0.17	0.46	-0.33	0.4	0.03	-0.31	-0.28	-0.25	0.27	0.38	-0.21	0.29	-0.02	0.47	0.63	0.25
Net Receivables	0.63	0.56	0.31	0.2		0.56	0.78	0.2	-0.26	0.56	-0.13	0.55	0.28	-0.11	-0.46	-0.44	0.39	0.12	-0.08	0.46	0.68	0.39	0.33	0.66
Total Liab	0.84	0.58	-0.42	0.51	0.56		0.75	0.37	0.17	0.73	-0.22	0.65	0.26	-0.41	-0.6	-0.56	0.65	0.45	-0.15	0.62	0.52	0.68	0.67	0.62
Total Current Assets	0.69	0.53	0.09	0.34	0.78	0.75		0.14	-0.43	0.69	-0.2	0.7	0.34	-0.4	-0.49	-0.45	0.57	0.27	-0.15	0.5	0.67	0.74	0.76	0.9
Common Stock	0.59	0.64	-0.37	-0.09	0.2	0.37	0.14		0.32	0.03	0.46	0.16	0.01	0.24	-0.72	-0.73	0.38	0.36	0.22	-0.08	0.01	-0.1	-0.17	-0.08
Net Debt	-0.01	-0.12	-0.76	0.17	-0.26	0.17	-0.43	0.32		0.12	0.0	-0.06	-0.11	0.03	-0.18	-0.18	-0.03	0.38	-0.01	0.14	-0.47	-0.28	-0.38	-0.56
Long Term Debt	0.43	0.15	-0.32	0.46	0.56	0.73	0.69	0.03	0.12		-0.45	0.79	0.1	-0.61	-0.34	-0.31	0.44	0.57	-0.33	0.8	0.43	0.62	0.49	0.66
Short Term Debt	-0.04	0.09	0.02	-0.33	-0.13	-0.22	-0.2	0.46	0.0	-0.45		-0.33	-0.34	0.09	-0.07	-0.09	0.27	-0.11	0.85	-0.38	-0.18	-0.24	-0.29	-0.29
Property Plant Equipment	0.53	0.36	-0.19	0.4	0.55	0.65	0.7	0.16	-0.06	0.79	-0.33		0.01	-0.64	-0.45	-0.42	0.64	0.57	-0.4	0.3	0.59	0.41	0.5	0.71
Current Deferred Revenue	0.19	0.1	0.03	0.03	0.28	0.26	0.34	0.01	-0.11	0.1	-0.34	0.01		0.1	0.01	0.02	-0.04	0.16	-0.45	0.22	0.15	0.21	0.29	0.23
Good Will	-0.01	0.26	0.27	-0.31	-0.11	-0.41	-0.4	0.24	0.03	-0.61	0.09	-0.64	0.1		-0.21	-0.24	-0.6	-0.45	0.1	-0.35	-0.41	-0.48	-0.52	-0.57
Intangible Assets	-0.82	-0.83	0.29	-0.28	-0.46	-0.6	-0.49	-0.72	-0.18	-0.34	-0.07	-0.45	0.01	-0.21		1.0	-0.39	-0.32	-0.06	-0.1	-0.12	-0.16	-0.18	-0.19
Short Term Investments	-0.81	-0.83	0.27	-0.25	-0.44	-0.56	-0.45	-0.73	-0.18	-0.31	-0.09	-0.42	0.02	-0.24	1.0		-0.37	-0.29	-0.08	-0.08	-0.1	-0.13	-0.15	-0.16
Net Tangible Assets	0.6	0.45	-0.23	0.27	0.39	0.65	0.57	0.38	-0.03	0.44	0.27	0.64	-0.04	-0.6	-0.39	-0.37		0.55	0.19	0.19	0.55	0.35	0.46	0.57
Long Term Investments	0.21	0.01	-0.66	0.38	0.12	0.45	0.27	0.36	0.38	0.57	-0.11	0.57	0.16	-0.45	-0.32	-0.29	0.55		-0.35	0.25	-0.03	0.25	0.16	0.16
Short Long Term Debt	0.0	0.11	0.12	-0.21	-0.08	-0.15	-0.15	0.22	-0.01	-0.33	0.85	-0.4	-0.45	0.1	-0.06	-0.08	0.19	-0.35		-0.12	-0.13	-0.16	-0.18	-0.2
Long Term Debt Total	0.32	0.05	-0.17	0.29	0.46	0.62	0.5	-0.08	0.14	0.8	-0.38	0.3	0.22	-0.35	-0.1	-0.08	0.19	0.25	-0.12		0.36	0.61	0.35	0.5
Net Invested Capital	0.57	0.5	0.43	-0.02	0.68	0.52	0.67	0.01	-0.47	0.43	-0.18	0.59	0.15	-0.41	-0.12	-0.1	0.55	-0.03	-0.13	0.36		0.37	0.45	0.85
Cash And Equivalents	0.39	0.13	-0.18	0.47	0.39	0.68	0.74	-0.1	-0.28	0.62	-0.24	0.41	0.21	-0.48	-0.16	-0.13	0.35	0.25	-0.16	0.61	0.37		0.81	0.66
Net Working Capital	0.46	0.23	-0.14	0.63	0.33	0.67	0.76	-0.17	-0.38	0.49	-0.29	0.5	0.29	-0.52	-0.18	-0.15	0.46	0.16	-0.18	0.35	0.45	0.81		0.74
Capital Stock	0.53	0.38	0.25	0.25	0.66	0.62	0.9	-0.08	-0.56	0.66	-0.29	0.71	0.23	-0.57	-0.19	-0.16	0.57	0.16	-0.2	0.5	0.85	0.66	0.74

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For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.

Competition

Predict Harmony Gold

Return On Equity Over Time

Harmony Total Stockholder Equity

Total Stockholder Equity

25.22 Billion

At this time, Harmony Gold's Total Stockholder Equity is fairly stable compared to the past year.

Based on the latest financial disclosure, Harmony Gold Mining has a Return On Equity of 0.2292. This is 74.81% lower than that of the Metals & Mining sector and 129.2% higher than that of the Materials industry. The return on equity for all United States stocks is 173.94% lower than that of the firm.

Harmony Return On Equity Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Harmony Gold's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Harmony Gold could also be used in its relative valuation, which is a method of valuing Harmony Gold by comparing valuation metrics of similar companies.

Harmony Gold is currently under evaluation in return on equity category among its peers.

Harmony Gold Current Valuation Drivers

We derive many important indicators used in calculating different scores of Harmony Gold from analyzing Harmony Gold's financial statements. These drivers represent accounts that assess Harmony Gold's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Harmony Gold's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	2.2B	2.2B	1.9B	2.6B	5.7B	6.0B
Enterprise Value	3.6B	2.8B	2.7B	5.4B	3.3B	3.1B

Harmony Gold ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Harmony Gold's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Harmony Gold's managers, analysts, and investors.

Environmental

Governance

Social

Harmony Fundamentals

	Return On Equity	0.23
	Return On Asset	0.15
	Profit Margin	0.14 %
	Operating Margin	0.23 %
	Current Valuation	6.03 B
	Shares Outstanding	622.07 M
	Shares Owned By Institutions	27.83 %
	Number Of Shares Shorted	6.83 M
	Price To Earning	8.21 X
	Price To Book	2.66 X
	Price To Sales	0.10 X
	Revenue	61.38 B
	Gross Profit	13.79 B
	EBITDA	17.21 B
	Net Income	11.77 B
	Cash And Equivalents	2.87 B
	Cash Per Share	3.97 X
	Total Debt	2.29 B
	Debt To Equity	0.11 %
	Current Ratio	1.51 X
	Book Value Per Share	65.77 X
	Cash Flow From Operations	15.65 B
	Short Ratio	1.87 X
	Earnings Per Share	0.75 X
	Target Price	10.23
	Number Of Employees	34.72 K
	Beta	1.25
	Market Capitalization	6.16 B
	Total Asset	60.46 B
	Retained Earnings	2.24 B
	Working Capital	1.81 B
	Current Asset	3.47 B
	Current Liabilities	2.03 B
	Annual Yield	0.02 %
	Net Asset	60.46 B
	Last Dividend Paid	2.41

About Harmony Gold Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Harmony Gold Mining's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Harmony Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Harmony Gold Mining based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Harmony Stock Analysis

When running Harmony Gold's price analysis, check to measure Harmony Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Harmony Gold is operating at the current time. Most of Harmony Gold's value examination focuses on studying past and present price action to predict the probability of Harmony Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harmony Gold's price. Additionally, you may evaluate how the addition of Harmony Gold to your portfolios can decrease your overall portfolio volatility.

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