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HMY vs. LIN: Harmony Gold Mining vs. Linde Stock Comparison

How do Harmony Gold Mining (HMY) and Linde (LIN) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Harmony Gold Mining (HMY) and Linde (LIN) both fall under the Materials industry group, but HMY is classified in Metals & Mining while LIN is classified in Chemicals.

Linde (LIN) trades as ordinary local shares, while Harmony Gold Mining (HMY) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Harmony Gold Mining (HMY) and Linde (LIN)
Profile ItemHMYLIN
NameHarmony Gold Mining Company Limited - Depositary Receipt (Common Stock)Linde plc
Country/RegionSouth AfricaUnited Kingdom
GICS SectorMaterialsMaterials
GICS Industry GroupMaterialsMaterials
GICS IndustryMetals & MiningChemicals
GICS Sub-IndustryGoldIndustrial Gases
Market Capitalization10.77 billion USD236.54 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateMay 17, 1994June 17, 1992
Security TypeADRCommon Stock

Price Performance

Cumulative Growth

HMY
LIN
GSPC
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Harmony Gold Mining (HMY) vs. Linde (LIN), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Harmony Gold Mining (HMY) and Linde (LIN). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Harmony Gold Mining (HMY) and Linde (LIN). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Harmony Gold Mining (HMY) and Linde (LIN)
MetricHMYLIN
Total Return (1Y)10.98%25.64%
Total Return (3Y, Annualized)60.07%11.48%
Total Return (5Y, Annualized)39.44%10.50%

Risk Profile

Drawdown History

HMY
LIN
GSPC
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Harmony Gold Mining (HMY) vs. Linde (LIN), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Harmony Gold Mining (HMY) and Linde (LIN). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Harmony Gold Mining (HMY) and Linde (LIN)
MetricHMYLIN
Volatility (1Y, Annualized)63.56%19.00%
Beta (5Y)1.080.67
Max Drawdown (5Y)-62.48%-22.82%
Avg. Volume (3M)3.68M2.05M

Risk-Adjusted Performance

Risk-Return Positioning

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HMY and LIN are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Harmony Gold Mining (HMY) and Linde (LIN)
MetricHMYLIN
Sharpe Ratio (1Y)0.111.12
Sortino Ratio (1Y)0.151.65

Profitability

ROE (TTM)

Harmony Gold Mining (HMY) at 48.05% sits in the top ROE quartile, while Linde (LIN) at 17.72% is closer to the peer norm — stronger capital efficiency for HMY.

HMY

Materials industry group

48.05%

Max
52.88%
HMY
48.05%
Q3
19.49%
Median
8.76%
Q1
-3.41%
Min
-32.81%

LIN

Materials industry group

17.72%

Max
52.88%
Q3
19.49%
LIN
17.72%
Median
8.76%
Q1
-3.41%
Min
-32.81%
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Harmony Gold Mining (HMY) vs. Linde (LIN): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Harmony Gold Mining (HMY) at 29.57% and Linde (LIN) at 19.34% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

HMY

Materials industry group

29.57%

Max
38.66%
HMY
29.57%
Q3
15.98%
Median
5.28%
Q1
0.00%
Min
-20.40%

LIN

Materials industry group

19.34%

Max
38.66%
LIN
19.34%
Q3
15.98%
Median
5.28%
Q1
0.00%
Min
-20.40%
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Harmony Gold Mining (HMY) vs. Linde (LIN): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Harmony Gold Mining (HMY) at 47.18% operates in the top operating margin quartile, ahead of Linde (LIN) at 27.97%, which runs around its industry’s norm.

HMY

Materials industry group

47.18%

Max
66.70%
HMY
47.18%
Q3
28.92%
Median
12.56%
Q1
3.28%
Min
-14.07%

LIN

Materials industry group

27.97%

Max
66.70%
Q3
28.92%
LIN
27.97%
Median
12.56%
Q1
3.28%
Min
-14.07%
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Harmony Gold Mining (HMY) vs. Linde (LIN): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Harmony Gold Mining (HMY) and Linde (LIN)
MetricHMYLIN
ROE (TTM)48.05%17.72%
ROA (TTM)25.06%7.17%
Net Margin (TTM)29.57%19.34%
Operating Margin (TTM)47.18%27.97%
Gross Margin (TTM)49.62%47.86%

Growth

Revenue Growth

Only one side can be read here: Linde (LIN) reports revenue growth of 2.97%, ranked against its industry; Harmony Gold Mining (HMY) has no revenue growth figure this period.

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Harmony Gold Mining (HMY) vs. Linde (LIN): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Linde (LIN) reports EPS growth of 7.27%, ranked against its industry; Harmony Gold Mining (HMY) has no EPS growth figure this period.

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Harmony Gold Mining (HMY) vs. Linde (LIN): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Harmony Gold Mining (HMY) and Linde (LIN)
MetricHMYLIN
Revenue Growth (YoY)--2.97%
Revenue Growth (3Y CAGR)26.28%0.62%
EPS Growth (YoY)--7.27%
EPS Growth (3Y CAGR)81.32%21.08%

Financial Strength

Current Ratio (MRQ)

Both Harmony Gold Mining (HMY) at 0.84 and Linde (LIN) at 0.86 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

HMY

Materials industry group

0.84

Max
5.96
Q3
3.30
Median
2.24
Q1
1.45
HMY
0.84
Min
0.16

LIN

Materials industry group

0.86

Max
5.96
Q3
3.30
Median
2.24
Q1
1.45
LIN
0.86
Min
0.16
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Harmony Gold Mining (HMY) vs. Linde (LIN): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Harmony Gold Mining (HMY) at 0.13 keeps leverage in the lower industry quartile, while Linde (LIN) at 0.65 runs a more typical debt-to-equity mix.

HMY

Materials industry group

0.13

Max
1.98
Q3
0.89
Median
0.47
Q1
0.13
HMY
0.13
Min
0.00

LIN

Materials industry group

0.65

Max
1.98
Q3
0.89
LIN
0.65
Median
0.47
Q1
0.13
Min
0.00
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Harmony Gold Mining (HMY) vs. Linde (LIN): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Harmony Gold Mining (HMY) and Linde (LIN)
MetricHMYLIN
Current Ratio (MRQ)0.840.86
Debt / Equity (MRQ)0.130.65
Net Debt / EBITDA0.021.65

Dividends

Dividend Yield (TTM)

Linde (LIN) at 1.21% pays an industry-typical yield; Harmony Gold Mining (HMY) at 75.74% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

HMY

Materials industry group

75.74%

HMY
75.74%
Max
4.52%
Q3
1.85%
Median
0.38%
Q1
0.00%
Min
0.00%

LIN

Materials industry group

1.21%

Max
4.52%
Q3
1.85%
LIN
1.21%
Median
0.38%
Q1
0.00%
Min
0.00%
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Harmony Gold Mining (HMY) vs. Linde (LIN): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Harmony Gold Mining (HMY) at 15.28% pays out a band-typical share of earnings, while Linde (LIN) at 41.83% distributes more than its industry norm — less retained, thinner cover.

HMY

Materials industry group

15.28%

Max
83.62%
Q3
41.37%
HMY
15.28%
Median
9.54%
Q1
0.00%
Min
0.00%

LIN

Materials industry group

41.83%

Max
83.62%
LIN
41.83%
Q3
41.37%
Median
9.54%
Q1
0.00%
Min
0.00%
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Harmony Gold Mining (HMY) vs. Linde (LIN): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Harmony Gold Mining (HMY) and Linde (LIN)
MetricHMYLIN
Dividend Yield (TTM)75.74%1.21%
Dividend Payout Ratio (TTM)15.28%41.83%

Valuation

P/E Ratio (TTM)

Harmony Gold Mining (HMY) at 6.27 sits in the cheaper P/E ratio quartile, while Linde (LIN) at 34.21 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

HMY

Materials industry group

6.27

Max
59.00
Q3
32.93
Median
18.82
Q1
11.96
HMY
6.27
Min
3.93

LIN

Materials industry group

34.21

Max
59.00
LIN
34.21
Q3
32.93
Median
18.82
Q1
11.96
Min
3.93
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Harmony Gold Mining (HMY) vs. Linde (LIN): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Harmony Gold Mining (HMY) at 0.11 looks cheap on sales in the lower P/S ratio quartile, while Linde (LIN) at 6.53 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

HMY

Materials industry group

0.11

Max
9.62
Q3
4.34
Median
1.87
Q1
0.73
HMY
0.11
Min
0.00

LIN

Materials industry group

6.53

Max
9.62
LIN
6.53
Q3
4.34
Median
1.87
Q1
0.73
Min
0.00
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Harmony Gold Mining (HMY) vs. Linde (LIN): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

Harmony Gold Mining (HMY) at 2.34 is valued about in line with its industry on P/B ratio, while Linde (LIN) at 6.00 carries an above-peer premium to book — LIN is pricier on assets.

HMY

Materials industry group

2.34

Max
6.59
Q3
3.55
HMY
2.34
Median
2.08
Q1
1.26
Min
-0.17

LIN

Materials industry group

6.00

Max
6.59
LIN
6.00
Q3
3.55
Median
2.08
Q1
1.26
Min
-0.17
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Harmony Gold Mining (HMY) vs. Linde (LIN): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Harmony Gold Mining (HMY) and Linde (LIN)
MetricHMYLIN
P/E Ratio (TTM)6.2734.21
P/S Ratio (TTM)0.116.53
P/B Ratio (MRQ)2.346.00
Free Cash Flow Yield (TTM)91.49%1.77%