Harmony Gold EBITDA vs. Revenue
| HAR Stock | 16,893 135.00 0.81% |
For Harmony Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Harmony Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Harmony Gold Mining utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Harmony Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Harmony Gold Mining over time as well as its relative position and ranking within its peers.
Harmony |
Harmony Gold Mining Revenue vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Harmony Gold's current stock value. Our valuation model uses many indicators to compare Harmony Gold value to that of its competitors to determine the firm's financial worth. Harmony Gold Mining is one of the top stocks in ebitda category among its peers. It also is rated as one of the top companies in revenue category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Harmony Gold's earnings, one of the primary drivers of an investment's value.Harmony Revenue vs. EBITDA
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Harmony Gold |
| = | (380 M) |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Harmony Gold |
| = | 42.65 B |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Harmony Revenue vs Competition
Harmony Gold Mining is rated as one of the top companies in revenue category among its peers. Market size based on revenue of Gold industry is currently estimated at about 83.09 Billion. Harmony Gold totals roughly 42.65 Billion in revenue claiming about 51% of equities under Gold industry.
Harmony Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Harmony Gold. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Harmony Gold position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Harmony Gold's important profitability drivers and their relationship over time.
Use Harmony Gold in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Harmony Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Harmony Gold will appreciate offsetting losses from the drop in the long position's value.Harmony Gold Pair Trading
Harmony Gold Mining Pair Trading Analysis
The ability to find closely correlated positions to Harmony Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Harmony Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Harmony Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Harmony Gold Mining to buy it.
The correlation of Harmony Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Harmony Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Harmony Gold Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Harmony Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Harmony Gold position
In addition to having Harmony Gold in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Military Industrial
A collection of large United States defense contractors including companies involved in production or distribution of aircraft, ships, vehicles, weaponry, and electronic systems in cooperation with the government. The Military Industrial theme has 46 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Military Industrial Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in Harmony Stock
When determining whether Harmony Gold Mining offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Harmony Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Harmony Gold Mining Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Harmony Gold Mining Stock:Check out Risk vs Return Analysis. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
To fully project Harmony Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Harmony Gold Mining at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Harmony Gold's income statement, its balance sheet, and the statement of cash flows.