Harmony Gold Mining Company Limited
FAIR PRICE VALUATION
Updated daily
Model: DCF 50% · Relative 30% · Consensus 20%
MARKET PRICE
$15.73
FAIR PRICE
$17.71
MARGIN
$1.98
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FPI RATING
Strong profitability and high-quality fundamentals, but volatile earnings pattern.
Analytical data, not an investment recommendation. Updated daily.
How we calculate this ↗MARGIN OF SAFETY
A 20% margin of safety below fair value — the conservative entry level for risk-aware investors.
SAFETY MARGIN
20%
Below fair value
ENTRY LEVEL
$14.17
Fair price × 0.80
DISTANCE
9.9%
Price to entry level
At the current price of $15.73, HMY trades 9.9% above the conservative entry level of $14.17. This entry level represents a 20% margin of safety below the calculated fair price of $17.71 — a buffer that accounts for estimation uncertainty in the valuation model.
Margin of safety is a risk management concept, not an investment recommendation. The 20% threshold follows Benjamin Graham's value investing framework. Fair price and entry levels are model-based estimates updated daily. Learn more about Margin of Safety ↗
VALUATION HISTORY
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P/E RATIO HISTORY
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METHODOLOGY
How we calculate HMY's fair price
Harmony Gold Mining Company Limited's fair price of $17.71 is derived from a blended model that combines DCF analysis (50%), relative valuation against Basic Materials peers using metrics like P/E and EV/EBITDA (30%), and analyst consensus (20%). At the current market price of $15.73, HMY trades 12.6% below its calculated fair value.
DCF MODEL · 50%
Discounted free cash flow analysis based on projected cash flows, discounted at a rate reflecting HMY's risk profile.
RELATIVE · 30%
Comparing HMY's valuation multiples against Basic Materials peers to determine if the stock is over or undervalued relative to its industry.
ANALYST · 20%
Aggregated analyst price targets for HMY, weighted by recency and analyst accuracy.
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Want to test your own assumptions? Use our free calculators to estimate HMY's fair value with your own inputs.
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What is the fair price of HMY?+
Based on our blended model combining DCF analysis (50%), relative valuation against Basic Materials peers (30%), and analyst consensus (20%), the fair price for Harmony Gold Mining Company Limited is $17.71. At the current market price of $15.73, HMY trades 12.6% below its calculated fair value.
Is HMY overvalued or undervalued?+
Harmony Gold Mining Company Limited is currently undervalued based on our valuation model. The stock trades at $15.73, which is 12.6% below the fair price of $17.71. The P/E ratio of 7.8x is a key metric in the valuation.
What is the margin of safety for HMY?+
With a 20% margin of safety applied to the fair price of $17.71, the conservative entry level for HMY is $14.17. At the current market price of $15.73, the stock trades 9.9% above this entry level. Margin of safety is a risk management concept from Benjamin Graham's value investing framework, not an investment recommendation.
How often is HMY's fair price updated?+
We update fair price calculations for HMY daily after market close. The current fair price of $17.71 incorporates the latest market data and sector multiples.
What factors affect HMY's fair price calculation?+
HMY's fair price of $17.71 is derived from DCF analysis (50% weight), relative valuation against Basic Materials peers (30% weight), and analyst consensus (20% weight). Key metrics include P/E of 7.8x, ROE of 46.5%, and dividend yield of 2.17%.
Is HMY a good buy right now?+
At $15.73, HMY trades 12.6% below our fair value estimate of $17.71. The stock is currently undervalued. ROE stands at 46.5% (exceptional). Fair Price Index provides valuation data — always do your own research before investing.
Does HMY pay dividends?+
HMY has a dividend yield of 2.17%.
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Fair Price Index is for informational purposes only and does not constitute investment advice. Fair value calculations are model-based estimates and may not reflect actual market conditions. Always conduct your own research before making investment decisions.