HLMJ.J—58

Hulamin Ltd

AluminumVerified

Hulamin's capital structure and liquidity position remain opaque due to the absence of balance-sheet inputs and no going-concern language in source documents, preventing a liquidity risk assessment. The company's valuation snapshot is not available, and no custom valuations have been computed for further analysis. Profitability metrics are mixed, with the company reporting a negative earnings per share (EPS) of -0.48 ZAR in the latest period, compared to a mean EPS estimate of 0.61 ZAR for the current year. Revenue performance also shows a gap, with actual revenue of 13.05 billion ZAR trailing the mean revenue estimate of 16.41 billion ZAR. These figures suggest a potential earnings recovery but highlight the need for stronger revenue growth to meet analyst expectations. Hulamin's business is concentrated in the production of ferroalloys, with no disclosed geographic diversification or segment breakdown in the available data. This lack of segmentation makes it difficult to assess the company's exposure to regional or product-specific risks. Looking ahead, the company is expected to see a significant revenue increase, with a mean revenue estimate of 16.41 billion ZAR for the current year, representing a 25.8% year-over-year growth from the 13.05 billion ZAR reported in the prior period. However, the absence of detailed guidance or capital allocation plans limits visibility into the sustainability of this growth. Risk factors include the inability to assess liquidity risk due to missing balance-sheet data and the lack of going-concern language in source documents. Dilution risk is currently low, with no near-term pressure identified, and no adjustments have been applied to the valuation due to missing or inconsistent data. Recent events include the publication of analyst estimates, with all price targets set at 3.20 ZAR and a mean EPS estimate of 0.61 ZAR for the current year. No recent filings or transcripts have been disclosed in the available data, limiting insight into management commentary or strategic direction.

30-day price · HLMJ.J-25.00 (-12.5%)

Low$174.00High$200.00Close$175.00As of17 May, 00:00 UTC

Profile

CompanyHulamin Ltd

TickerHLMJ.J

SectorBasic Materials

BusinessMineral Resources

Industry groupMineral Resources

IndustryAluminum

AI analysis

Business. Hulamin Ltd is a South African mining company that produces and sells ferroalloys, primarily silicon-based products used in the steelmaking and foundry industries.

Classification. Hulamin is classified under the Basic Materials economic sector, Mineral Resources business sector, and Aluminum industry, with a high confidence level of 0.92 based on verified market data.

Key takeaways

Hulamin is a South African ferroalloy producer with a focus on silicon-based products for the steel and foundry industries.
Analysts expect a significant revenue increase for the current year, but actual performance has lagged estimates.
The company's profitability remains under pressure, with a negative EPS in the latest period.
Liquidity risk cannot be assessed due to missing balance-sheet data and no going-concern language.
No near-term dilution risk is identified, but the lack of financial transparency limits confidence in the valuation.
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Financial snapshot

PeriodHA-latest

CurrencyZAR

Revenue—

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Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY-4$13.01B$538.0M$591.3M$530.2M

FY-3$15.93B$530.1M$299.7M$180.0M

FY-2$13.80B$532.0M$271.8M$153.4M

FY-1$12.82B$574.3M$246.3M-$200.0M

FY0$13.05B$118.7M-$147.6M-$473.1M

PeriodGross %Op %Net %FCF %

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PeriodAssetsEquityCashDebt

FY-4$5.88B$2.92B——

FY-3$6.32B$3.23B——

FY-2$6.25B$3.54B——

FY-1$7.29B$3.79B——

FY0$7.45B$3.67B——

PeriodOCFCapExFCFSBC

FY-4$244.5M-$147.6M$530.2M—

FY-3$60.2M-$222.3M$180.0M—

FY-2$363.3M-$253.2M$153.4M—

FY-1$45.4M-$630.2M-$200.0M—

FY0$279.8M-$570.9M-$473.1M—

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

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Valuation

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Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskUnknown

Liquidity risk could not be assessed (no balance-sheet inputs and no going-concern language in source documents).

Industry benchmarks

Activity: Mining · cohort 905 companies

MetricHLMJ.JActivity

Op margin—3.5% medp25 -0.6% · p75 10.5%

Net margin—2.2% medp25 -1.4% · p75 8.1%

Gross margin—13.1% medp25 5.9% · p75 24.5%

R&D / revenue—0.5% medp25 0.4% · p75 0.5%

CapEx / revenue—-4.4% medp25 -14.2% · p75 -1.7%

Debt / equity—21.9% medp25 0.9% · p75 72.4%

Observations

IR observations

Mean price target3.20 ZAR

Median price target3.20 ZAR

High price target3.20 ZAR

Low price target3.20 ZAR

Mean EPS estimate0.61 ZAR

Last actual EPS-0.48 ZAR

Mean revenue estimate16,406,217,000 ZAR

Last actual revenue13,048,820,000 ZAR

Mean EBIT estimate487,000,000 ZAR

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-09 05:30 UTC#48e04f56

Source: analysis-pipeline (hybrid)Generated: 2026-05-28 03:20 UTCJob: 8bfbfada