Harmony Gold Mining Company Limited (HAM) - Net Assets
Based on the latest financial reports, Harmony Gold Mining Company Limited (HAM) has net assets worth €46.04 Billion EUR (≈ $53.83 Billion USD) as of December 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€68.90 Billion ≈ $80.55 Billion USD) and total liabilities (€22.85 Billion ≈ $26.72 Billion 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. Explore Harmony Gold Mining Company Limited (HAM) cash conversion ratio to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €46.04 Billion |
| % of Total Assets | 66.83% |
| Annual Growth Rate | 5.01% |
| 5-Year Change | 75.18% |
| 10-Year Change | N/A |
| Growth Volatility | 16.3 |
Harmony Gold Mining Company Limited - Net Assets Trend (2017–2024)
This chart illustrates how Harmony Gold Mining Company Limited's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see HAM stock market capitalisation.
Annual Net Assets for Harmony Gold Mining Company Limited (2017–2024)
The table below shows the annual net assets of Harmony Gold Mining Company Limited from 2017 to 2024. Read debt load of Harmony Gold Mining Company Limited for a breakdown of total debt and financial obligations.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | €40.95 Billion ≈ $47.87 Billion |
+17.40% |
| 2023-06-30 | €34.88 Billion ≈ $40.78 Billion |
+15.81% |
| 2022-06-30 | €30.12 Billion ≈ $35.21 Billion |
-4.93% |
| 2021-06-30 | €31.68 Billion ≈ $37.04 Billion |
+35.53% |
| 2020-06-30 | €23.38 Billion ≈ $27.33 Billion |
+3.37% |
| 2019-06-30 | €22.61 Billion ≈ $26.44 Billion |
-10.68% |
| 2018-06-30 | €25.32 Billion ≈ $29.60 Billion |
-12.93% |
| 2017-06-30 | €29.08 Billion ≈ $33.99 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Harmony Gold Mining Company Limited'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 672400000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €2.24 Billion | 5.49% |
| Other Components | €38.54 Billion | 94.51% |
| Total Equity | €40.77 Billion | 100.00% |
Harmony Gold Mining Company Limited Competitors by Market Cap
The table below lists competitors of Harmony Gold Mining Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Stantec Inc
TO:STN
|
$10.08 Billion |
|
KT Corporation
KO:030200
|
$10.08 Billion |
|
Texas Pacific Land Trust
NYSE:TPL
|
$10.09 Billion |
|
IAMGold Corporation
TO:IMG
|
$10.09 Billion |
|
Embraer S.A
F:EMY
|
$10.07 Billion |
|
Formosa Plastics Corp
TW:1301
|
$10.07 Billion |
|
CITIC Metal Co. Ltd. A
SHG:601061
|
$10.06 Billion |
|
National Silicon Industry Group Co Ltd
SHG:688126
|
$10.06 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Harmony Gold Mining Company Limited'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 | €8.59 Billion | +21.06% |
| Dividends Paid | €1.44 Billion | -3.52% |
| Other Changes | €-1.13 Billion | -2.78% |
| Total Change | €- | 17.31% |
Book Value vs Market Value Analysis
This analysis compares Harmony Gold Mining Company Limited'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: 0.21x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | €66.49 | €13.80 | x |
| 2018-06-30 | €50.61 | €13.80 | x |
| 2019-06-30 | €42.41 | €13.80 | x |
| 2020-06-30 | €39.16 | €13.80 | x |
| 2021-06-30 | €51.84 | €13.80 | x |
| 2022-06-30 | €48.72 | €13.80 | x |
| 2023-06-30 | €56.24 | €13.80 | x |
| 2024-06-30 | €65.77 | €13.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Harmony Gold Mining Company Limited 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 (2.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.76% | 1.20% | 0.48x | 1.33x | €-2.69 Billion |
| 2018 | -17.49% | -20.27% | 0.55x | 1.56x | €-6.96 Billion |
| 2019 | -11.53% | -9.69% | 0.73x | 1.62x | €-4.87 Billion |
| 2020 | -3.76% | -3.00% | 0.65x | 1.91x | €-3.22 Billion |
| 2021 | 17.56% | 13.31% | 0.84x | 1.57x | €2.39 Billion |
| 2022 | -3.50% | -2.47% | 0.91x | 1.56x | €-4.06 Billion |
| 2023 | 13.87% | 9.78% | 0.86x | 1.65x | €1.34 Billion |
| 2024 | 21.06% | 13.99% | 1.02x | 1.48x | €4.51 Billion |
Industry Comparison
This section compares Harmony Gold Mining Company Limited's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $5,582,523
- Average return on equity (ROE) among peers: -1921119.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Harmony Gold Mining Company Limited (HAM) | €46.04 Billion | 0.76% | 0.50x | $10.08 Billion |
| Pearl Gold AG (02P) | $1.00 | -19210824.00% | 42452933.00x | $14.32 Million |
| Asante Gold Corporation (1A9) | $2.23 Million | -26.42% | 1.36x | $694.27 Million |
| American Pacific Mining Corp (1QC1) | $3.14 Million | 0.00% | 0.20x | $19.08 Million |
| SITKA GOLD CORP (1RF) | $12.16 Million | -10.54% | 0.10x | $236.82 Million |
| GREENHAWK RESOURCES INC. (2V70) | $-338.95K | 0.00% | 0.00x | $50.39K |
| THETA GOLD MNS LTD (3LM) | $4.82 Million | -158.52% | 3.12x | $149.39 Million |
| McLaren Resources Inc (3ML) | $398.20K | -80.71% | 0.21x | $2.42 Million |
| Tarachi Gold Corp (4RZ) | $14.85 Million | -22.02% | 0.66x | $2.42 Million |
| KATORO GOLD PLC LS-01 (622) | $-325.46K | 0.00% | 0.00x | $1.74 Million |
| Blue Lagoon Resources Inc (7BL) | $18.89 Million | -72.58% | 0.24x | $81.45 Million |
About Harmony Gold Mining Company Limited
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