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Harmoney Corp Ltd
(Sydney:HMY)
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Rating:58Neutral
Price Target:
AU$0.80
▼(-3.25% 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
Improving Profitability
The return to profitability and expanding net margins indicate improved operating economics. If sustained, stronger earnings can support capital rebuilding, reduce dependence on external funding, and improve resilience across the consumer-credit cycle.
Negative Factors
Very High Leverage
A thin equity base relative to debt leaves Harmoney highly sensitive to credit losses, funding-cost increases, and refinancing pressure. This leverage limits financial flexibility and can amplify downside during a consumer-credit or liquidity downturn.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Profitability
The return to profitability and expanding net margins indicate improved operating economics. If sustained, stronger earnings can support capital rebuilding, reduce dependence on external funding, and improve resilience across the consumer-credit cycle.
Read all positive factors
Harmoney Corp Ltd (HMY) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$77.25M
Dividend YieldN/A
Average Volume (3M)39.60K
Price to Earnings (P/E)7.4
Beta (1Y)1.15
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. Volume42,228
30 Day Avg. Volume39,597
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$1.39Price Target Upside66.87% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.18
Revenue Forecast (FY)AU$135.05M
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 | 37.69M | 725.29K |
| 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
0.76
Negative
0.77
Negative
0.80
Negative
Market Momentum
>-0.01
Positive
44.23
Neutral
27.41
Neutral
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 0.78, above the 50-day MA of 0.76, and above the 200-day MA of 0.80, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.23 is Neutral, neither overbought nor oversold. The STOCH value of 27.41 is Neutral, 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$790.91M | 7.27 | 12.29% | 8.60% | -0.65% | 8.02% | |
58 Neutral | AU$77.25M | 7.39 | 22.86% | ― | 9.62% | 82.62% | |
58 Neutral | AU$144.29M | 9.69 | 20.23% | ― | 20.39% | -42.91% | |
53 Neutral | AU$51.11M | -6.74 | -16.10% | 3.00% | 18.86% | 17.31% | |
52 Neutral | AU$54.70M | -1.35 | -41.92% | ― | 28.46% | 40.67% | |
50 Neutral | AU$977.35M | 9.00 | 8.74% | 10.58% | 4.20% | 85.51% |
* Financial Sector Average
AU:HMY
Harmoney Corp Ltd
0.73
-0.11
-13.61%
AU:WZR
Wisr Ltd.
0.03
>-0.01
-3.33%
AU:PLT
Plenti Group Ltd.
0.78
-0.62
-44.64%
AU:PPM
Pepper Money Ltd
1.75
-0.23
-11.51%
AU:LFS
Latitude Group Holdings Ltd.
0.95
-0.11
-10.43%
AU:MME
MoneyMe Ltd.
0.07
-0.06
-46.40%
Harmoney Corp Ltd Corporate Events
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...
Harmoney Sets Date for FY26 Results and Expands Investor Engagement
Jul 23, 2026
Harmoney Corp Ltd will release its FY26 financial results after the ASX market close on 20 August 2026, followed by a results presentation via teleconference and webcast on 21 August led by CEO David Stevens and CFO Simon Ward. The company is also...
Harmoney Corp Notifies Market of Lapsed Performance Rights
Jun 29, 2026
Harmoney Corp Ltd has notified the market of the cessation of 150,000 performance rights, recorded under the ASX security code HMYAC. The rights lapsed after the conditional requirements attached to these securities were not met or became incapabl...
Harmoney updates market on ongoing on-market share buy-back
Jun 29, 2026
Harmoney Corp Limited, a financial services firm listed on the ASX under ticker HMY, has ordinary fully paid shares as its primary listed securities and participates in the public capital markets. The company’s activities are disclosed under...
Harmoney updates ASX on ongoing on-market share buy-back
Jun 28, 2026
Harmoney Corp Ltd has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares under the code HMY. The company reported that a total of 981,102 shares had been repurchase...
Harmoney Updates ASX on Progress of On‑Market Share Buy‑Back
Jun 25, 2026
Harmoney Corp Limited has provided an updated notification to the ASX regarding its on‑market share buy‑back program for its ordinary fully paid shares under ticker HMY. The company originally notified the market of this buy‑back...
Harmoney Updates Market on Ongoing On-Market Share Buy-Back
Jun 24, 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, trading under the code HMY. The company initially announced the buy-back on 29 April 2...
Harmoney Continues On‑Market Share Buy‑Back with Daily ASX Update
Jun 23, 2026
Harmoney Corp Ltd has issued an updated notification to the ASX detailing ongoing on-market share buy-backs of its ordinary fully paid shares under code HMY. The latest daily notice, dated 24 June 2026, reports that the company has repurchased a c...
Harmoney Updates Market on Progress of On-Market Share Buy-Back
Jun 22, 2026
Harmoney Corp Limited has provided an update on its on-market share buy-back program, confirming that a total of 886,807 ordinary fully paid shares had been repurchased prior to the latest reporting date. The company reported that a further 23,530...
Harmoney Continues On-Market Share Buy-Back Program
Jun 18, 2026
Harmoney Corp Ltd has continued its on-market share buy-back program for its ordinary fully paid shares, as disclosed in an updated notification to the ASX. The latest daily report notes that as of 19 June 2026, the company has repurchased a cumul...
Harmoney Updates Investors on Progress of On‑Market Share Buy‑Back
Jun 16, 2026
Harmoney Corp Limited has provided an update on its ongoing on‑market share buy‑back program for its ordinary fully paid shares traded under the ASX code HMY. The latest notification, dated 17 June 2026, reports that a total of 822,318...
Harmoney Updates Market on Ongoing On-Market Share Buy-Back
Jun 16, 2026
Harmoney Corp Limited has continued its on-market share buy-back program, updating investors with a daily notification to the ASX. The company reported that a total of 809,221 ordinary fully paid shares had been repurchased before the previous tra...
Harmoney Updates Market on Progress of On‑Market Share Buy‑Back
May 24, 2026
Harmoney Corp Ltd has provided an updated notification to the ASX regarding its ongoing on‑market share buy‑back program for its ordinary fully paid shares. The company reported that, as of the latest update dated 25 May 2026, a total ...
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.