Seek Returns

HMY vs. VALE: Harmony Gold Mining vs. Vale Stock Comparison

How do Harmony Gold Mining (HMY) and Vale (VALE) 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 Vale (VALE) both belong to the Metals & Mining industry, though HMY is classified under Gold while VALE falls under Steel.

Both Harmony Gold Mining (HMY) and Vale (VALE) trade as ADRs — their core financials are comparable, but keep FX, depositary-program fees, and dividend withholding in view for each.

Company profile comparison for Harmony Gold Mining (HMY) and Vale (VALE)
Profile ItemHMYVALE
NameHarmony Gold Mining Company Limited - Depositary Receipt (Common Stock)Vale S.A. American Depositary Shares
Country/RegionSouth AfricaBrazil
GICS SectorMaterialsMaterials
GICS Industry GroupMaterialsMaterials
GICS IndustryMetals & MiningMetals & Mining
GICS Sub-IndustryGoldSteel
Market Capitalization10.77 billion USD49.32 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMay 17, 1994March 21, 2002
Security TypeADRADR

Price Performance

Cumulative Growth

HMY
VALE
GSPC
Loading price history…
Harmony Gold Mining (HMY) vs. Vale (VALE), 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

Loading price history…
Trailing total returns for Harmony Gold Mining (HMY) and Vale (VALE). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…
Calendar-year total returns for Harmony Gold Mining (HMY) and Vale (VALE). 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 Vale (VALE)
MetricHMYVALE
Total Return (1Y)10.98%6.20%
Total Return (3Y, Annualized)60.07%3.12%
Total Return (5Y, Annualized)39.44%8.31%

Risk Profile

Drawdown History

HMY
VALE
GSPC
Loading price history…
Harmony Gold Mining (HMY) vs. Vale (VALE), 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

Loading price history…
Distribution of monthly total returns for Harmony Gold Mining (HMY) and Vale (VALE). 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 Vale (VALE)
MetricHMYVALE
Volatility (1Y, Annualized)63.56%33.88%
Beta (5Y)1.080.48
Max Drawdown (5Y)-62.48%-49.81%
Avg. Volume (3M)3.68M32.62M

Risk-Adjusted Performance

Risk-Return Positioning

Loading chart…
HMY and VALE 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 Vale (VALE)
MetricHMYVALE
Sharpe Ratio (1Y)0.110.06
Sortino Ratio (1Y)0.150.08

Profitability

ROE (TTM)

Harmony Gold Mining (HMY) at 48.05% sits in the top ROE quartile, while Vale (VALE) at 0.26% 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%

VALE

Materials industry group

0.26%

Max
52.88%
Q3
19.49%
Median
8.76%
VALE
0.26%
Q1
-3.41%
Min
-32.81%
Loading chart…
Harmony Gold Mining (HMY) vs. Vale (VALE): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Harmony Gold Mining (HMY) at 29.57% retains a top-quartile share of revenue as profit, ahead of Vale (VALE) at 1.01%, which keeps about the industry-typical share.

HMY

Materials industry group

29.57%

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

VALE

Materials industry group

1.01%

Max
38.66%
Q3
15.98%
Median
5.28%
VALE
1.01%
Q1
0.00%
Min
-20.40%
Loading chart…
Harmony Gold Mining (HMY) vs. Vale (VALE): 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 Vale (VALE) at 19.31%, 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%

VALE

Materials industry group

19.31%

Max
66.70%
Q3
28.92%
VALE
19.31%
Median
12.56%
Q1
3.28%
Min
-14.07%
Loading chart…
Harmony Gold Mining (HMY) vs. Vale (VALE): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Harmony Gold Mining (HMY) and Vale (VALE)
MetricHMYVALE
ROE (TTM)48.05%0.26%
ROA (TTM)25.06%6.97%
Net Margin (TTM)29.57%1.01%
Operating Margin (TTM)47.18%19.31%
Gross Margin (TTM)49.62%32.06%

Growth

Revenue Growth

Only one side can be read here: Vale (VALE) reports revenue growth of 0.91%, ranked against its industry; Harmony Gold Mining (HMY) has no revenue growth figure this period.

Loading chart…
Harmony Gold Mining (HMY) vs. Vale (VALE): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Vale (VALE) reports EPS growth of -61.81%, ranked against its industry; Harmony Gold Mining (HMY) has no EPS growth figure this period.

Loading chart…
Harmony Gold Mining (HMY) vs. Vale (VALE): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Harmony Gold Mining (HMY) and Vale (VALE)
MetricHMYVALE
Revenue Growth (YoY)--0.91%
Revenue Growth (3Y CAGR)26.28%-4.32%
EPS Growth (YoY)---61.81%
EPS Growth (3Y CAGR)81.32%-48.60%

Financial Strength

Current Ratio (MRQ)

Both Harmony Gold Mining (HMY) at 0.84 and Vale (VALE) at 1.10 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

VALE

Materials industry group

1.10

Max
5.96
Q3
3.30
Median
2.24
Q1
1.45
VALE
1.10
Min
0.16
Loading chart…
Harmony Gold Mining (HMY) vs. Vale (VALE): 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 Vale (VALE) at 0.55 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

VALE

Materials industry group

0.55

Max
1.98
Q3
0.89
VALE
0.55
Median
0.47
Q1
0.13
Min
0.00
Loading chart…
Harmony Gold Mining (HMY) vs. Vale (VALE): 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 Vale (VALE)
MetricHMYVALE
Current Ratio (MRQ)0.841.10
Debt / Equity (MRQ)0.130.55
Net Debt / EBITDA0.021.20

Dividends

Dividend Yield (TTM)

Both Harmony Gold Mining (HMY) at 75.74% and Vale (VALE) at 49.02% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

HMY

Materials industry group

75.74%

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

VALE

Materials industry group

49.02%

VALE
49.02%
Max
4.52%
Q3
1.85%
Median
0.38%
Q1
0.00%
Min
0.00%
Loading chart…
Harmony Gold Mining (HMY) vs. Vale (VALE): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Vale (VALE) reports payout ratio above 100% at 526.96%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Harmony Gold Mining (HMY) reports 15.28%, ranking against industry peers normally.

HMY

Materials industry group

15.28%

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

VALE

Materials industry group

526.96%

VALE
526.96%
Max
83.62%
Q3
41.37%
Median
9.54%
Q1
0.00%
Min
0.00%
Loading chart…
Harmony Gold Mining (HMY) vs. Vale (VALE): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Harmony Gold Mining (HMY) and Vale (VALE)
MetricHMYVALE
Dividend Yield (TTM)75.74%49.02%
Dividend Payout Ratio (TTM)15.28%526.96%

Valuation

P/E Ratio (TTM)

Harmony Gold Mining (HMY) at 6.27 sits in the cheaper P/E ratio quartile, while Vale (VALE) at 72.44 trades above its peer range — a wide earnings-valuation gap relative to industry peers.

HMY

Materials industry group

6.27

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

VALE

Materials industry group

72.44

VALE
72.44
Max
59.00
Q3
32.93
Median
18.82
Q1
11.96
Min
3.93
Loading chart…
Harmony Gold Mining (HMY) vs. Vale (VALE): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Both Harmony Gold Mining (HMY) at 0.11 and Vale (VALE) at 0.23 fetch a relatively low price per dollar of sales, landing in the cheaper P/S ratio quartile of their industries.

HMY

Materials industry group

0.11

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

VALE

Materials industry group

0.23

Max
9.62
Q3
4.34
Median
1.87
Q1
0.73
VALE
0.23
Min
0.00
Loading chart…
Harmony Gold Mining (HMY) vs. Vale (VALE): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Harmony Gold Mining (HMY) at 2.34 and Vale (VALE) at 1.27 are valued close to their industries’ norm against book — neither stands out from peers.

HMY

Materials industry group

2.34

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

VALE

Materials industry group

1.27

Max
6.59
Q3
3.55
Median
2.08
VALE
1.27
Q1
1.26
Min
-0.17
Loading chart…
Harmony Gold Mining (HMY) vs. Vale (VALE): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Harmony Gold Mining (HMY) and Vale (VALE)
MetricHMYVALE
P/E Ratio (TTM)6.2772.44
P/S Ratio (TTM)0.110.23
P/B Ratio (MRQ)2.341.27
Free Cash Flow Yield (TTM)91.49%17.51%