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Harmoney Corp Ltd
(Sydney:HMY)
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Rating:58Neutral
Price Target:
AU$0.72
▼(-12.89% Downside)
Action:Reiterated
Date:08/21/26
The score is primarily driven by improving profitability and generally positive free cash flow, tempered by significant balance-sheet risk from very high leverage. Valuation is supportive with a low P/E, while technicals are only mildly constructive and the longer-term trend remains a headwind.
Positive Factors
Profitability Improvement
The return to profitability and further margin expansion indicate that Harmoney’s operating model has improved after several loss-making years. If maintained, stronger earnings can support capital rebuilding, fund investment in the platform, and improve resilience across the next several quarters.
Negative Factors
High Leverage
Very high leverage relative to a thin equity base leaves Harmoney materially exposed to credit losses, changing funding costs, and refinancing pressure. It also limits financial flexibility, making it harder to absorb a downturn or invest aggressively while rebuilding capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Improvement
The return to profitability and further margin expansion indicate that Harmoney’s operating model has improved after several loss-making years. If maintained, stronger earnings can support capital rebuilding, fund investment in the platform, and improve resilience across the next several quarters.
Read all positive factors
Harmoney Corp Ltd (HMY) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$71.59M
Dividend YieldN/A
Average Volume (3M)55.58K
Price to Earnings (P/E)7.0
Beta (1Y)1.05
Revenue Growth9.62%
EPS Growth82.62%
CountryAU
Employees84
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)0.10
Shares Outstanding103,006,120
10 Day Avg. Volume67,549
30 Day Avg. Volume55,580
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)1.75
Price to Sales (P/S)0.56
P/FCF Ratio2.26
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.38Price Target Upside65.66% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.18
Revenue Forecast (FY)AU$139.23M
Harmoney Corp Ltd Business Overview & Revenue Model
Company Description
Harmoney Corp Limited offers online, unsecured personal financing solutions to customers across Australia and New Zealand. These loans cater to a broad spectrum of needs, including debt consolidation, home renovations, wedding expenses, vehicle pu...
How the Company Makes Money
Harmoney’s historical revenue model has been tied to originating and servicing consumer loans through its P2P lending marketplace. The company has typically generated revenue from (1) origination-related fees charged in connection with issuing loa...
Harmoney Corp Ltd Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
32
Negative
Cash Flow
61
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 144.97M | 131.83M | 133.05M | 106.62M | 79.94M |
| Gross Profit | 130.04M | 117.67M | 104.75M | 90.54M | 66.65M |
| EBITDA | 64.59M | 77.19M | 65.06M | 34.63M | 632.31K |
| Net Income | 10.24M | 5.52M | -13.19M | -7.58M | -20.88M |
Balance Sheet | |||||
| Total Assets | 932.81M | 872.77M | 784.12M | 788.35M | 702.60M |
| Cash, Cash Equivalents and Short-Term Investments | 43.20M | 52.31M | 41.24M | 43.45M | 62.63M |
| Total Debt | 877.95M | 826.77M | 742.56M | 724.01M | 622.31M |
| Total Liabilities | 885.93M | 843.37M | 816.93M | 734.59M | 637.41M |
| Stockholders Equity | 46.88M | 34.28M | 39.84M | 53.76M | 65.19M |
Cash Flow | |||||
| Free Cash Flow | 36.17M | 30.16M | 19.58M | 18.92M | -1.42M |
| Operating Cash Flow | 40.64M | 34.84M | 24.29M | 23.94M | 5.56M |
| Investing Cash Flow | -134.95M | -98.77M | -52.37M | -186.65M | -361.29M |
| Financing Cash Flow | 86.79M | 78.68M | 22.43M | 148.51M | 341.27M |
Harmoney Corp Ltd Technical Analysis
Negative
0.83
Price Trends
0.73
Negative
0.75
Negative
0.78
Negative
Market Momentum
>-0.01
Negative
48.68
Neutral
84.44
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HMY, the sentiment is Negative. The current price of 0.83 is above the 20-day moving average (MA) of 0.69, above the 50-day MA of 0.73, and above the 200-day MA of 0.78, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.68 is Neutral, neither overbought nor oversold. The STOCH value of 84.44 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:HMY.
Harmoney Corp Ltd Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | AU$777.43M | 7.29 | 12.29% | 8.67% | -0.65% | 8.02% | |
58 Neutral | AU$71.59M | 7.03 | 22.86% | ― | 9.62% | 82.62% | |
58 Neutral | AU$140.14M | 9.44 | 20.23% | ― | 20.39% | -42.91% | |
52 Neutral | AU$49.14M | -1.21 | -41.92% | ― | 28.46% | 40.67% | |
50 Neutral | AU$847.38M | 7.76 | 8.74% | 12.88% | 4.20% | 85.51% | |
47 Neutral | AU$65.23M | -8.49 | -16.10% | 3.00% | 18.86% | 17.31% |
* Financial Sector Average
AU:HMY
Harmoney Corp Ltd
0.72
-0.22
-23.94%
AU:WZR
Wisr Ltd.
0.04
<0.01
26.67%
AU:PLT
Plenti Group Ltd.
0.75
-0.65
-46.43%
AU:PPM
Pepper Money Ltd
1.75
-0.33
-15.86%
AU:LFS
Latitude Group Holdings Ltd.
0.82
-0.16
-16.75%
AU:MME
MoneyMe Ltd.
0.06
-0.05
-47.27%
Harmoney Corp Ltd Corporate Events
Harmoney Outlines FY27 Profit Guidance and Funding Strategy in 1Q27 Update
Oct 21, 2026
Harmoney has released its 1Q27 investor presentation, outlining profit guidance for FY27 and detailing its latest financial results. The update also covers the performance of its intermediary distribution channel and provides information on capita...
Harmoney reaffirms FY27 profit outlook as intermediary channel surges
Oct 21, 2026
Harmoney Corp Ltd has reaffirmed its FY27 cash NPAT guidance of at least $16 million, implying growth of more than 18% on FY26, as it reports strong first-quarter momentum. The group loan book rose 9% to $912 million, with Australia now accounting...
Harmoney Updates ASX on Ongoing On-Market Share Buy-Back
Oct 19, 2026
Harmoney Corp Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for ordinary fully paid shares under the code HMY. The latest daily buy-back report, dated 19 October 2026, confirms that ...
Harmoney Updates Investors on Daily On-Market Share Buy-Back Activity
Oct 13, 2026
Harmoney Corp Limited, traded on the ASX under the code HMY, is a financial services provider focused on consumer lending products delivered via online channels across Australasian markets. Its ordinary fully paid shares are subject to active capi...
Harmoney Updates Market on Ongoing Daily Share Buy-Back Activity
Oct 12, 2026
Harmoney Corp Limited has issued an update announcing the latest daily activity under its on-market share buy-back program for ordinary fully paid shares listed on the ASX as HMY. The notification reports cumulative shares bought back to date and ...
Harmoney Issues Daily Update on Ongoing On-Market Share Buy-Back
Oct 11, 2026
Harmoney Corp Ltd has issued an updated notification to the ASX confirming the continuation of its on-market share buy-back program for its ordinary fully paid securities. The latest daily buy-back disclosure notes that a total of 1,692,648 shares...
Harmoney Sets Online AGM to Vote on Founder’s Re-election and Governance Changes
Oct 9, 2026
Harmoney Corp Limited has called its next annual meeting of shareholders for 19 November 2026, to be held online via the Automic Investor Portal for investors in Australia and New Zealand. The agenda includes addresses from the chairman and CEO, c...
Harmoney updates market on ongoing on-market share buyback
Oct 8, 2026
Harmoney Corp Ltd has updated the market on its ongoing on-market share buyback program for its ordinary fully paid shares, reporting that a total of 1,663,463 securities had been repurchased prior to the latest trading day and a further 29,185 sh...
Harmoney Updates ASX on Ongoing On-Market Share Buy-Back
Oct 7, 2026
Harmoney Corp Ltd has issued an updated notification to the ASX confirming ongoing on-market share buy-backs for its ordinary fully paid securities. The latest daily buy-back disclosure shows that a total of 1,640,254 shares had been repurchased b...
Harmoney Updates Market on Ongoing On-Market Share Buy-Back
Oct 6, 2026
Harmoney Corp Ltd has provided an update on its ongoing on-market share buy-back program for its ordinary fully paid shares. The company reported that a cumulative 1,605,532 shares had been repurchased prior to the latest trading day, with an addi...
Harmoney Updates Market on Ongoing On-Market Share Buy-Back
Oct 4, 2026
Harmoney Corp Ltd has reported an update to its on-market share buy-back program for its ordinary fully paid shares traded under the ASX code HMY. The company originally notified the market of this buy-back in April 2025 and continues to provide r...
Harmoney Updates Daily On-Market Share Buy-Back Activity
Sep 30, 2026
Harmoney Corp Ltd has issued an updated notification regarding its ongoing on-market share buy-back program for its ordinary fully paid shares on the ASX. The latest daily disclosure shows that the company repurchased 4,626 shares on the previous ...
Harmoney Updates ASX on Ongoing On-Market Share Buy-Back Activity
Sep 29, 2026
Harmoney Corp Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid securities under code HMY. The company reported that it had repurchased a cumulative total of ...
Harmoney Updates Market on Progress of On-Market Share Buy-Back
Sep 28, 2026
Harmoney Corp Limited has provided an update to the market on its ongoing on-market share buy-back program for its ordinary fully paid shares trading under the ASX code HMY. The company reported that, as of 29 September 2026, it had repurchased a ...
Harmoney schedules 1Q27 investor briefing to highlight tech-led lending model
Sep 24, 2026
Harmoney Corp Ltd has announced that CEO David Stevens and CFO Simon Ward will host an online presentation of the company’s financial performance for the quarter ended 30 September 2026. The 1Q27 results briefing, scheduled for 22 October 20...
Harmoney Extends Share Buy-Back and Flags Acquisition-Led Growth Push
Sep 22, 2026
Harmoney Corp Ltd has continued its on-market share buy-back of up to 5% of issued capital, with the board stating that the current share price undervalues the company and that ongoing repurchases are in shareholders’ best interests, subject...
Harmoney Issues Daily Update on Ongoing Share Buy-Back Program
Sep 16, 2026
Harmoney Corp Limited is a listed financial services company trading on the ASX under the ticker HMY. The group issues ordinary fully paid shares and operates within the broader capital markets, using share buy-backs as part of its capital managem...
Harmoney Updates Market on Ongoing Share Buy-Back Activity
Sep 15, 2026
Harmoney Corp Ltd is a financial services company listed on the ASX under the ticker HMY, issuing ordinary fully paid shares. The firm operates in the lending and credit sector and engages with public market investors through its listed equity str...
Harmoney Updates ASX on Progress of On-Market Share Buy-Back
Sep 13, 2026
Harmoney Corp Limited has provided an updated notification to the ASX on 14 September 2026 regarding its ongoing on-market share buy-back program for ordinary fully paid shares. The update reports that a total of 1,230,912 shares had been repurcha...
Harmoney Continues On-Market Share Buy-Back with Daily ASX Update
Sep 10, 2026
Harmoney Corp Limited has provided an updated notification to the ASX confirming the continuation of its on-market share buy-back program for ordinary fully paid shares under the code HMY. The latest daily buy-back notice, dated 10 September 2026,...
Harmoney Continues On-Market Buy-Back With Daily Share Repurchases
Sep 6, 2026
Harmoney Corp Ltd has provided an updated notification on its on-market share buy-back program, confirming that it repurchased 19,334 ordinary fully paid shares on the previous trading day. This brings the total number of shares bought back under ...
Harmoney Updates Market on Progress of On‑Market Share Buy‑Back
Sep 3, 2026
Harmoney Corp Limited has provided an updated notification to the ASX regarding its ongoing on‑market share buy‑back program for its ordinary fully paid shares, coded HMY. The latest daily update, dated 4 September 2026, reports that t...
Harmoney Updates ASX on Ongoing On-Market Share Buy-Back
Sep 2, 2026
Harmoney Corp Limited has provided an updated notification to the ASX regarding its on-market share buy-back program for ordinary fully paid shares under the code HMY. The company continues to report daily activity in the buy-back, reflecting the ...
Harmoney Surpasses Profit Guidance and Lifts FY27 Outlook
Aug 20, 2026
Harmoney reported record FY26 cash NPAT of $13.5 million, beating its upgraded guidance and marking 139% profit growth, driven by loan book expansion, a wider net interest margin and strong operating leverage from its automated platform. The lende...
Harmoney Files Updated Corporate Governance Statement with ASX
Aug 20, 2026
Harmoney Corp Limited has lodged its updated corporate governance statement for the financial year ended 30 June 2026, making it available via its investor website in line with ASX Listing Rule requirements. The statement has been approved by the ...
Harmoney Tightens Governance With Updated Nomination and Remuneration Charter
Aug 20, 2026
Harmoney Corp Limited has updated its Nomination and Remuneration Committee Charter, outlining the committee’s purpose, authority, and responsibilities overseeing board appointments and executive pay. The charter specifies processes for ince...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.