Valuation Harmony Gold Mining Company Limited

Stocks

End-of-day quote Johannesburg S.E. Other stock markets 20/07/2026			5-day change	1st Jan Change
239.00 ^ZAR	-0.62%		-3.64%	-29.10%

30/06	Harmony Gold Mining Meets Gold Production Target	DJ
08/06	Neo Energy Metals suspends CFO Schutte amid misconduct investigation	AN

Data adjusted to current consolidation scope

Fiscal Period: June	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	32,178	32,038	48,978	1,04,180	1,52,317	1,49,336	-	-
Change	-	-0.43%	52.87%	112.71%	46.21%	-1.96%	-	-
Enterprise Value (EV) ¹	32,720	32,795	51,806	1,01,281	1,41,169	1,45,716	1,33,424	1,17,960
Change	-	0.23%	57.97%	95.5%	39.38%	3.22%	-8.44%	-11.59%
P/E	5.86x	-30.2x	10.2x	12.1x	10.6x	5.39x	3.59x	3.44x
PBR	1.01x	1.06x	1.41x	2.6x	3.16x	2.23x	1.56x	1.2x
PEG	-	0x	-0x	0.2x	0.2x	0.1x	0.1x	0.79x
Capitalization / Revenue	0.77x	0.75x	0.99x	1.7x	2.06x	1.54x	1.27x	1.19x
EV / Revenue	0.78x	0.77x	1.05x	1.65x	1.91x	1.5x	1.13x	0.94x
EV / EBITDA	2.98x	4.46x	4.91x	6.21x	5.6x	3.04x	2.18x	1.98x
EV / EBIT	4.62x	8.92x	7.3x	8.67x	6.93x	3.52x	2.5x	2.2x
EV / FCF	8.11x	46.2x	22.4x	14x	13.1x	10.4x	11.1x	14.2x
FCF Yield	12.3%	2.16%	4.46%	7.16%	7.64%	9.57%	9%	7.05%
Dividend per Share ²	1.37	0.62	0.75	2.41	3.82	13.84	17.46	20.42
Rate of return	2.6%	1.19%	0.95%	1.43%	1.56%	5.79%	7.31%	8.54%
EPS ²	9.01	-1.72	7.8	13.86	23.13	44.37	66.64	69.53
Distribution rate	15.2%	-36%	9.62%	17.4%	16.5%	31.2%	26.2%	29.4%
Net sales ¹	41,733	42,645	49,275	61,379	73,896	96,828	1,17,694	1,25,640
EBITDA ¹	10,978	7,361	10,548	16,318	25,199	47,916	61,323	59,723
EBIT ¹	7,085	3,678	7,094	11,676	20,357	41,346	53,268	53,670
Net income ¹	5,553	-1,052	4,820	8,587	14,384	26,906	40,990	42,800
Net Debt ¹	542	757	2,828	-2,899	-11,148	-3,619	-15,912	-31,376
Reference price ²	52.76	51.97	79.25	168.05	244.81	239.00	239.00	239.00
Nbr of stocks (in thousands)	6,09,898	6,16,478	6,18,025	6,19,936	6,22,183	6,24,835	-	-
Announcement Date	31/08/21	30/08/22	29/08/23	04/09/24	28/08/25	-	-	-

¹ZAR in Million²ZAR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
HARMONY GOLD MINING COMPANY LIMITED	5.39x	1.5x	3.04x	5.79%	904.25Cr
FRANCO-NEVADA CORPORATION	24.33x	14.77x	15.31x	0.88%	3.87TCr
GOLD FIELDS LIMITED	5.94x	2.3x	3.24x	6.91%	2.79TCr
EVOLUTION MINING LIMITED	13.08x	3.8x	6.64x	3.97%	1.47TCr
ZHONGJIN GOLD CORP.,LTD	9.11x	-	-	7.22%	1.4TCr
PT ANTAM (PERSERO) TBK	6.77x	0.52x	4.24x	8.18%	401.58Cr
RAMELIUS RESOURCES LIMITED	31.96x	4.61x	7.06x	1.78%	382.65Cr
KOZA ALTIN ISLETMELERI	18.44x	3.12x	12.64x	-.--%	339.1Cr
Average	14.38x	4.38x	7.45x	4.34%	1.44TCr
Weighted average by Cap.	14.60x	7.24x	8.81x	4.14%