Harmony Gold (HMY): EV/EBITDA Multiple

Corporate company logo of Harmony Gold (HMY)

Harmony Gold Mining (HMY) acts as a price-taker whose profits are entirely determined by gold exchange rates and cost inflation. Global instability stimulates demand for defensive assets, although local sanctions create risks. Revenues are based on the rand exchange rate and relations with trade unions. The company's historical EV/EBITDA trend clearly illustrates these dependencies, and the value of 3.01 shows the latest value of this multiple.

Harmony Gold Corp - HMY Business Value to Operating Income Before Depreciation (period 11/23/2025 - 11/12/2026)

Comprehensive metric breakdowns and analytics for Harmony Gold Mining Company (HMY)

- current price and projected stock value:
Analysis of all company metrics:HMY (Harmony Gold Corp)
Original product of Harmony Gold Mining Company Limited

Capital distinguishes sustainable assets from speculative ones through an analysis of a business's real value. Harmony Gold Mining (HMY) benefits from South Africa's ultra-deep mines, which create an insurmountable barrier to entry for competitors due to the colossal infrastructure costs required. The historical EV/EBITDA multiple of the business correlates the total value of Harmony Gold Mining (HMY) with its operating income before interest and taxes. This metric allows investors to assess the payback period for capital-intensive capacities while accounting for the debt load.

Competitor analysis

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