Harmony Gold Mining Company Limited (HMY) vs Wheaton Precious Metals Corp. (WPM)

Harmony Gold Mining Company Limited and Wheaton Precious Metals Corp. are both Gold companies. Wheaton Precious Metals Corp. is the larger, with a market value of $65.4B against $11.8B — 5.5× the size. Wheaton Precious Metals Corp. trades at the lower P/E: 31.6× against 58.2×. Wheaton Precious Metals Corp. grew revenue faster over the last twelve months: 90.8% against 6.90%. Wheaton Precious Metals Corp. has the higher net margin (64.7% vs 3.80%) and the higher return on invested capital (12.5% vs 0.00%). Both pay a dividend; Harmony Gold Mining Company Limited yields more (1.42% vs 1.30%). Across the 22 metrics below, Wheaton Precious Metals Corp. leads on 12 and Harmony Gold Mining Company Limited on 10.

Valuation

Metric HMY WPM Gold median
P/E 58.23 31.62 23.34
P/S 2.19 20.46 5.02
P/B 3.85 6.70 3.53
Price to free cash flow 12.16 n/m 16.73
EV/EBITDA 10.61 25.14 8.34
EV/Sales 2.24 21.05 4.92
Earnings yield 1.72% 3.16% 1.44%
Free cash flow yield 8.23% (4.49%) 0.75%

Profitability

Metric HMY WPM Gold median
Gross margin 15.43% 75.25% 50.00%
Operating margin 0.00% 72.62% 26.32%
Net margin 3.80% 64.66% 12.30%
Free cash flow margin 0.00% (91.92%) 0.00%
Return on equity 0.00% 23.55% 6.36%
Return on assets 0.00% 20.36% 0.00%
Return on invested capital 0.00% 12.45% 0.52%

Growth

Metric HMY WPM Gold median
Revenue growth (TTM) 6.90% 90.79% 68.15%
EPS growth (last fiscal year) 117.46% 176.92% —
Revenue growth, 5-year CAGR 16.64% 16.12% 16.12%
Net income growth, 5-year CAGR 39.26% 23.72% 0.00%

Health

Metric HMY WPM Gold median
Debt to equity 0.25 0.20 0.10
Current ratio 0.54 0.47 3.08
Net debt to EBITDA 0.00 (0.61) 0.00

Dividend

Metric HMY WPM Gold median
Dividend yield 1.42% 1.30% 1.49%
Payout ratio 0.03 0.44 0.00

Size

Metric HMY WPM Gold median
Market cap 11.82b 65.40b 1.96b

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