Harmony Gold Mining Stock Return On Asset
| HMY Stock | USD 9.19 0.02 0.22% |
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.
Return On Assets is likely to rise to 0.10 in 2024. Harmony | Return On Asset |
Harmony Gold Mining Company Return On Asset Analysis
Harmony Gold's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Harmony Gold Return On Asset | 0.14 |
Most of Harmony Gold's fundamental indicators, such as Return On Asset, 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 Asset 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 Asset. 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.
Click cells to compare fundamentals
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
| Competition |
Harmony Total Assets
Total Assets |
|
Based on the latest financial disclosure, Harmony Gold Mining has a Return On Asset of 0.1351. This is 81.74% lower than that of the Metals & Mining sector and notably lower than that of the Materials industry. The return on asset for all United States stocks is 196.5% lower than that of the firm.
Harmony Return On Asset 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 Asset 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 asset category among related companies.
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 | 1.1B | 2.2B | 32.5B | 31.3B | 28.2B | 29.6B | |
| Enterprise Value | 6.1B | 3.6B | 33.0B | 32.0B | 28.8B | 30.3B |
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 | 0.25 | ||||
| Return On Asset | 0.14 | ||||
| Profit Margin | 0.15 % | ||||
| Operating Margin | 0.24 % | ||||
| Current Valuation | 6.07 B | ||||
| Shares Outstanding | 619.93 M | ||||
| Shares Owned By Institutions | 35.75 % | ||||
| Number Of Shares Shorted | 13.32 M | ||||
| Price To Earning | 8.21 X | ||||
| Price To Book | 2.67 X | ||||
| Price To Sales | 0.1 X | ||||
| Revenue | 49.27 B | ||||
| Gross Profit | 13.79 B | ||||
| EBITDA | 7.98 B | ||||
| Net Income | 6.61 B | ||||
| Cash And Equivalents | 2.87 B | ||||
| Cash Per Share | 3.97 X | ||||
| Total Debt | 5.7 B | ||||
| Debt To Equity | 0.11 % | ||||
| Current Ratio | 1.51 X | ||||
| Book Value Per Share | 64.25 X | ||||
| Cash Flow From Operations | 9.95 B | ||||
| Short Ratio | 1.58 X | ||||
| Earnings Per Share | 0.77 X | ||||
| Target Price | 5.35 | ||||
| Number Of Employees | 34.91 K | ||||
| Beta | 1.17 | ||||
| Market Capitalization | 5.71 B | ||||
| Total Asset | 57.24 B | ||||
| Retained Earnings | (4.96 B) | ||||
| Working Capital | 1.81 B | ||||
| Current Asset | 3.47 B | ||||
| Current Liabilities | 2.03 B | ||||
| Annual Yield | 0.01 % | ||||
| Net Asset | 57.24 B | ||||
| Last Dividend Paid | 2.22 |
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.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Harmony Gold Piotroski F Score and Harmony Gold Altman Z Score analysis. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary 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.
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Stocks Directory Find actively traded stocks across global markets |
Is Harmony Gold's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Harmony Gold. If investors know Harmony will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Harmony Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.209 | Dividend Share 2.22 | Earnings Share 0.77 | Revenue Per Share 92.841 | Quarterly Revenue Growth 0.351 |
The market value of Harmony Gold Mining is measured differently than its book value, which is the value of Harmony that is recorded on the company's balance sheet. Investors also form their own opinion of Harmony Gold's value that differs from its market value or its book value, called intrinsic value, which is Harmony Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Harmony Gold's market value can be influenced by many factors that don't directly affect Harmony Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Harmony Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harmony Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harmony Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.