Harmony Gold Mining Company Ltd (HMY) - Net Assets
Based on the latest financial reports, Harmony Gold Mining Company Ltd (HMY) has net assets worth AR$46.04 Billion ARS (≈ $33.32 Million USD) as of December 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AR$68.90 Billion ≈ $49.85 Million USD) and total liabilities (AR$22.85 Billion ≈ $16.54 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read Harmony Gold Mining Company Ltd (HMY) financial obligations for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AR$46.04 Billion |
| % of Total Assets | 66.83% |
| Annual Growth Rate | 8.34% |
| 5-Year Change | 75.18% |
| 10-Year Change | N/A |
| Growth Volatility | 15.45 |
Harmony Gold Mining Company Ltd - Net Assets Trend (2018–2024)
This chart illustrates how Harmony Gold Mining Company Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Harmony Gold Mining Company Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Harmony Gold Mining Company Ltd (2018–2024)
The table below shows the annual net assets of Harmony Gold Mining Company Ltd from 2018 to 2024. For live valuation and market cap data, see HMY stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | AR$40.95 Billion ≈ $29.63 Million |
+17.40% |
| 2023-06-30 | AR$34.88 Billion ≈ $25.24 Million |
+15.81% |
| 2022-06-30 | AR$30.12 Billion ≈ $21.79 Million |
-4.93% |
| 2021-06-30 | AR$31.68 Billion ≈ $22.92 Million |
+35.53% |
| 2020-06-30 | AR$23.38 Billion ≈ $16.91 Million |
+3.37% |
| 2019-06-30 | AR$22.61 Billion ≈ $16.36 Million |
-10.68% |
| 2018-06-30 | AR$25.32 Billion ≈ $18.32 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Harmony Gold Mining Company Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1134100000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AR$2.24 Billion | 5.49% |
| Other Components | AR$38.54 Billion | 94.51% |
| Total Equity | AR$40.77 Billion | 100.00% |
Harmony Gold Mining Company Ltd Competitors by Market Cap
The table below lists competitors of Harmony Gold Mining Company Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JSW Energy Limited
NSE:JSWENERGY
|
$10.66 Billion |
|
China Southern Airlines Co Ltd Class A
SHG:600029
|
$10.67 Billion |
|
The Ensign Group Inc
NASDAQ:ENSG
|
$10.68 Billion |
|
Guobo Electronics Co. Ltd. A
SHG:688375
|
$10.68 Billion |
|
Zhaojin Mining Industry Company Limited
F:ZVL
|
$10.65 Billion |
|
Suzano S.A.
SA:SUZB3
|
$10.63 Billion |
|
Zhejiang China Commodities City Group Co Ltd
SHG:600415
|
$10.63 Billion |
|
Banco Santander (Brasil) S.A.
SA:SANB3
|
$10.63 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Harmony Gold Mining Company Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 34,757,000,000 to 40,774,000,000, a change of 6,017,000,000 (17.3%).
- Net income of 8,587,000,000 contributed positively to equity growth.
- Dividend payments of 1,437,000,000 reduced retained earnings.
- Other factors decreased equity by 1,133,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AR$8.59 Billion | +21.06% |
| Dividends Paid | AR$1.44 Billion | -3.52% |
| Other Changes | AR$-1.13 Billion | -2.78% |
| Total Change | AR$- | 17.31% |
Book Value vs Market Value Analysis
This analysis compares Harmony Gold Mining Company Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 358.21x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 465.53x to 358.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-06-30 | AR$50.61 | AR$23560.00 | x |
| 2019-06-30 | AR$42.41 | AR$23560.00 | x |
| 2020-06-30 | AR$39.16 | AR$23560.00 | x |
| 2021-06-30 | AR$51.84 | AR$23560.00 | x |
| 2022-06-30 | AR$48.72 | AR$23560.00 | x |
| 2023-06-30 | AR$56.24 | AR$23560.00 | x |
| 2024-06-30 | AR$65.77 | AR$23560.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Harmony Gold Mining Company Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.06%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.99%
- • Asset Turnover: 1.02x
- • Equity Multiplier: 1.48x
- Recent ROE (21.06%) is above the historical average (2.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -17.49% | -20.27% | 0.55x | 1.56x | AR$-6.96 Billion |
| 2019 | -11.53% | -9.69% | 0.73x | 1.62x | AR$-4.87 Billion |
| 2020 | -3.76% | -3.00% | 0.65x | 1.91x | AR$-3.22 Billion |
| 2021 | 17.56% | 13.31% | 0.84x | 1.57x | AR$2.39 Billion |
| 2022 | -3.50% | -2.47% | 0.91x | 1.56x | AR$-4.06 Billion |
| 2023 | 13.87% | 9.78% | 0.86x | 1.65x | AR$1.34 Billion |
| 2024 | 21.06% | 13.99% | 1.02x | 1.48x | AR$4.51 Billion |
Industry Comparison
This section compares Harmony Gold Mining Company Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $5,366,900,000
- Average return on equity (ROE) among peers: 23.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Harmony Gold Mining Company Ltd (HMY) | AR$46.04 Billion | -17.49% | 0.50x | $10.65 Billion |
| Gold Fields Ltd DRC (GFI) | $5.37 Billion | 23.20% | 0.89x | $41.03 Billion |
About Harmony Gold Mining Company Ltd
Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australia. The company explores for gold, uranium, silver, and copper deposits. It has nine underground operations in the Witwatersrand Basin; the Kraaipan Greenstone Belt; and various surface source operations in South Africa. In addition, the co… Read more