Intrinsic value of Harmony Gold Mining Company Limited (HMY)

[per Chepakovich valuation model]

other valuations of HMY

[per Chepakovich valuation model]  See other valuations of HMY stock

Previous Close$3.91
Intrinsic Value
Upside potential
Previous Close
$3.91

VALUATION INPUT DATA

Revenue, mln $
Initial revenue growth rate (norm.), %
Variable cost ratio, %
Fixed operating expenses, mln $
Production assets / Revenue, %
Working capital / Revenue, %
Interest rate on debt, %
Life of production assets, yrs
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Adjusted assets / Revenue
Based on fiscal year data as of 2020-06-30 and quarterly data as of 2020-12-31.
NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.
  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2020(a)2021202220232024202520262027202820292030203120322033203420352036203720382039204020412042204320442045

INCOME STATEMENT

Revenue growth rate, %-0.7NaN
Revenue, $1883NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m1906NaN
Operating income, $m-23NaN
EBITDA, $m203NaN
Interest expense (income), $mNaN
Earnings before tax, $m-40NaN
Tax expense, $m16NaN
Net income, $m-57NaN

BALANCE SHEET

Cash and short-term investments, $m415NaN
Total assets, $m2878NaN
Adjusted assets (=assets-cash), $m2464NaN
Average production assets, $m1954NaN
Working capital, $m168NaN
Total debt, $m509NaN
Total liabilities, $m1373NaN
Total equity, $m1505NaN
Debt-to-equity ratio0.338NaN
Adjusted equity ratio0.449NaN

CASH FLOW

Net income, $m-57NaN
Depreciation, amort., depletion, $m226NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m304NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-232NaN
Free cash flow, $m536NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m168
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN