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
Harmony Gold Mining Company Limited (HMY) - Net Assets
Latest net assets as of June 2025: $48.51 Billion USD
Based on the latest financial reports, Harmony Gold Mining Company Limited (HMY) has net assets worth $48.51 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($77.50 Billion) and total liabilities ($28.99 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $48.51 Billion |
| % of Total Assets | 62.59% |
| Annual Growth Rate | 14.36% |
| 5-Year Change | 53.13% |
| 10-Year Change | 71.39% |
| Growth Volatility | 32.69 |
Harmony Gold Mining Company Limited - Net Assets Trend (1998–2025)
This chart illustrates how Harmony Gold Mining Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Harmony Gold Mining Company Limited (1998–2025)
The table below shows the annual net assets of Harmony Gold Mining Company Limited from 1998 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $48.51 Billion | +18.47% |
| 2024-06-30 | $40.95 Billion | +17.40% |
| 2023-06-30 | $34.88 Billion | +15.81% |
| 2022-06-30 | $30.12 Billion | -4.93% |
| 2021-06-30 | $31.68 Billion | +35.53% |
| 2020-06-30 | $23.38 Billion | +2.97% |
| 2019-06-30 | $22.70 Billion | -10.34% |
| 2018-06-30 | $25.32 Billion | -12.93% |
| 2017-06-30 | $29.08 Billion | +2.73% |
| 2016-06-30 | $28.31 Billion | +4.87% |
| 2015-06-30 | $26.99 Billion | -13.06% |
| 2014-06-30 | $31.04 Billion | -3.42% |
| 2013-06-30 | $32.14 Billion | -5.25% |
| 2012-06-30 | $33.92 Billion | +11.64% |
| 2011-06-30 | $30.38 Billion | +4.02% |
| 2010-06-30 | $29.21 Billion | -15.53% |
| 2009-06-30 | $34.58 Billion | +39.59% |
| 2008-06-30 | $24.77 Billion | +14.80% |
| 2007-06-30 | $21.58 Billion | +3.22% |
| 2006-06-30 | $20.91 Billion | +4.97% |
| 2005-06-30 | $19.92 Billion | -2.89% |
| 2004-06-30 | $20.51 Billion | +133.79% |
| 2003-06-30 | $8.77 Billion | +9.37% |
| 2002-06-30 | $8.02 Billion | +73.47% |
| 2001-06-30 | $4.62 Billion | +61.89% |
| 2000-06-30 | $2.86 Billion | +65.77% |
| 1999-06-30 | $1.72 Billion | +32.96% |
| 1998-06-30 | $1.30 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 3584.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $14.58 Billion | 30.24% |
| Common Stock | $32.93 Billion | 68.28% |
| Other Comprehensive Income | $717.00 Million | 1.49% |
| Total Equity | $48.23 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 |
|---|---|
|
Centrica plc
PINK:CPYYF
|
$8.61 Billion |
|
Brixmor Property
NYSE:BRX
|
$8.61 Billion |
|
Kuang Chi Technologies Co Ltd
SHE:002625
|
$8.62 Billion |
|
Owens Corning Inc
NYSE:OC
|
$8.67 Billion |
|
Renault SA
PINK:RNSDF
|
$8.60 Billion |
|
New Oriental Education & Technology Group Inc
MX:EDUN
|
$8.60 Billion |
|
Akbank Turk Anonim Sirketi
OTCQX:AKBTY
|
$8.60 Billion |
|
JCET Group Co Ltd
SHG:600584
|
$8.59 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 2024 to 2025, total equity changed from 40,774,000,000 to 48,235,000,000, a change of 7,461,000,000 (18.3%).
- Net income of 14,384,000,000 contributed positively to equity growth.
- Dividend payments of 2,057,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 5,364,000,000.
- Other factors increased equity by 498,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $14.38 Billion | +29.82% |
| Dividends Paid | $2.06 Billion | -4.26% |
| Other Comprehensive Income | $-5.36 Billion | -11.12% |
| Other Changes | $498.00 Million | +1.03% |
| Total Change | $- | 18.30% |
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.
- The price-to-book ratio has decreased from 0.56x to 0.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-06-30 | $28.35 | $15.87 | x |
| 1999-06-30 | $25.57 | $15.87 | x |
| 2000-06-30 | $29.88 | $15.87 | x |
| 2001-06-30 | $43.80 | $15.87 | x |
| 2002-06-30 | $48.55 | $15.87 | x |
| 2003-06-30 | $47.35 | $15.87 | x |
| 2004-06-30 | $80.46 | $15.87 | x |
| 2005-06-30 | $55.05 | $15.87 | x |
| 2006-06-30 | $53.10 | $15.87 | x |
| 2007-06-30 | $53.63 | $15.87 | x |
| 2008-06-30 | $61.49 | $15.87 | x |
| 2009-06-30 | $83.17 | $15.87 | x |
| 2010-06-30 | $68.46 | $15.87 | x |
| 2011-06-30 | $70.59 | $15.87 | x |
| 2012-06-30 | $78.52 | $15.87 | x |
| 2013-06-30 | $74.28 | $15.87 | x |
| 2014-06-30 | $71.41 | $15.87 | x |
| 2015-06-30 | $61.61 | $15.87 | x |
| 2016-06-30 | $63.41 | $15.87 | x |
| 2017-06-30 | $63.32 | $15.87 | x |
| 2018-06-30 | $54.41 | $15.87 | x |
| 2019-06-30 | $43.34 | $15.87 | x |
| 2020-06-30 | $43.66 | $15.87 | x |
| 2021-06-30 | $51.31 | $15.87 | x |
| 2022-06-30 | $49.05 | $15.87 | x |
| 2023-06-30 | $56.02 | $15.87 | x |
| 2024-06-30 | $64.75 | $15.87 | x |
| 2025-06-30 | $76.69 | $15.87 | 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): 29.82%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.47%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 1.61x
- Recent ROE (29.82%) is above the historical average (1.78%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | -1.45% | -1.64% | 0.61x | 1.45x | $-148.44 Million |
| 1999 | 9.91% | 7.57% | 0.85x | 1.53x | $-1.57 Million |
| 2000 | 12.66% | 12.15% | 0.58x | 1.81x | $76.02 Million |
| 2001 | 1.57% | 1.48% | 0.59x | 1.79x | $-389.60 Million |
| 2002 | 21.03% | 21.45% | 0.55x | 1.77x | $884.92 Million |
| 2003 | 7.44% | 7.14% | 0.59x | 1.76x | $-221.56 Million |
| 2004 | -2.51% | -5.94% | 0.29x | 1.45x | $-2.57 Billion |
| 2005 | -20.58% | -48.72% | 0.28x | 1.52x | $-6.09 Billion |
| 2006 | -5.32% | -12.33% | 0.28x | 1.53x | $-3.20 Billion |
| 2007 | -9.65% | -21.94% | 0.26x | 1.67x | $-4.24 Billion |
| 2008 | -0.95% | -2.36% | 0.27x | 1.48x | $-2.71 Billion |
| 2009 | 8.46% | 25.46% | 0.32x | 1.05x | $-531.10 Million |
| 2010 | -0.66% | -1.70% | 0.30x | 1.28x | $-3.11 Billion |
| 2011 | 1.93% | 4.83% | 0.30x | 1.32x | $-2.45 Billion |
| 2012 | 8.21% | 17.46% | 0.37x | 1.27x | $-606.21 Million |
| 2013 | -6.98% | -12.53% | 0.43x | 1.31x | $-5.46 Billion |
| 2014 | -4.03% | -7.79% | 0.39x | 1.32x | $-4.36 Billion |
| 2015 | -18.00% | -29.38% | 0.45x | 1.35x | $-7.56 Billion |
| 2016 | 3.34% | 5.06% | 0.50x | 1.31x | $-1.88 Billion |
| 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 | -11.56% | -9.75% | 0.73x | 1.63x | $-4.89 Billion |
| 2020 | -3.76% | -3.00% | 0.65x | 1.91x | $-3.22 Billion |
| 2021 | 16.08% | 12.19% | 0.84x | 1.57x | $1.92 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 |
| 2025 | 29.82% | 19.47% | 0.95x | 1.61x | $9.56 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: $1,956,755,866
- Average return on equity (ROE) among peers: -68.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Harmony Gold Mining Company Limited (HMY) | $48.51 Billion | -1.45% | 0.60x | $8.60 Billion |
| Almadex Minerals Ltd (AAMMF) | $14.43 Million | -15.31% | 0.02x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $14.72 Million | -5.86% | 0.05x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $542.08K | -7.78% | 0.16x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $925.43K | -59.62% | 0.09x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $206.54K | -11.57% | 1.00x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 10.18% | 0.48x | $105.00 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $648.20K | -54.33% | 0.04x | $0.95 |
| Antioquia Gold Inc (AGDXF) | $1.57 Million | -38.90% | 0.28x | $1.44 Million |