Is Harmony Gold Mining Company Limited (HMY) Undervalued? Valuation & Fair Price
At $18.73, 3 of the 4 frameworks would buy Harmony Gold Mining Company Limited today — Warren Buffett, Benjamin Graham, and Peter Lynch rate it Buy and Phil Town (Rule #1) rates it Avoid. Each model calculates its own fair value and margin of safety; create a free account to see the exact buy price behind every verdict.
Harmony Gold Mining Company Limited
HMYBasic Materials · Gold · NYSE
$18.73
P/E 12.4×
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 company owns interests in the Hidden Valley, an open-pit gold and silver mine; and the Wafi-Golpu project located in Morobe Province in Papua New Guinea. Further, it holds interest in Eva Copper Project located in Queensland, Australia. Harmony Gold Mining Company Limited was incorporated in 1950 and is based in Randfontein, South Africa.
Investor scorecard
How the four investors rate Harmony Gold Mining Company Limited
3 of 4 frameworks lean Buy
Investor model analysis
Details lockedAt $18.73, 3 of 4 frameworks say Buy
Intrinsic Value (DCF)
Warren Buffett's valuation model · select an investor above to switch
Intrinsic Value
Locked — upgrade to viewBuy Below
Locked — upgrade to viewStrong Buy
Locked — upgrade to viewMargin of Safety
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Scenario analysis
Bear, base & bull
Three growth assumptions, three fair values — and where today's price lands
What's working
Key strengths
Identified by Buffett framework analysis
Company financials
5-Year Financials
Income statement highlights — annual, USD
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | $104.7B | $73.9B | $61.4B | $49.3B | $42.6B |
| Rev. Growth | +41.7% | +20.4% | +24.6% | +15.5% | — |
| Net Income | $28.2B | $14.4B | $8.6B | $4.8B | -$1.1B |
| Net Margin | 27.0% | 19.5% | 14.0% | 9.8% | -2.5% |
| EPS (Diluted) | $45.20 | $23.13 | $13.86 | $7.80 | $-1.72 |
| Free Cash Flow | Locked — upgrade to view | Locked — upgrade to view | Locked — upgrade to view | Locked — upgrade to view | Locked — upgrade to view |
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Analysis, scores, valuations, and buy zones are derived from publicly documented investor frameworks (Buffett, Lynch, Benjamin Graham, Phil Town) for learning purposes only. They are not recommendations from licensed financial advisors. Past performance does not guarantee future results. Prices may be delayed up to 15 minutes. Always conduct your own research before making any investment decisions.