| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 2/6 |
HZN Stock Overview
Horizon Oil Limited, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties.
Horizon Oil Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.097 |
| 52 Week High | AU$0.13 |
| 52 Week Low | AU$0.07 |
| Beta | 1.48 |
| 1 Month Change | 7.78% |
| 3 Month Change | 3.74% |
| 1 Year Change | 27.63% |
| 3 Year Change | -11.82% |
| 5 Year Change | 53.97% |
| Change since IPO | -73.64% |
Recent News & Updates
Horizon Oil Limited's (ASX:HZN) 29% Dip In Price Shows Sentiment Is Matching Earnings
Horizon Oil Limited ( ASX:HZN ) shareholders won't be pleased to see that the share price has had a very rough month...
Shareholder Returns
| HZN | AU Oil and Gas | AU Market | |
|---|---|---|---|
| 7D | -1.0% | -1.2% | -2.8% |
| 1Y | 27.6% | 4.8% | 5.8% |
Return vs Industry: HZN exceeded the Australian Oil and Gas industry which returned 4.8% over the past year.
Return vs Market: HZN exceeded the Australian Market which returned 5.8% over the past year.
Price Volatility
| HZN volatility | |
|---|---|
| HZN Average Weekly Movement | 3.6% |
| Oil and Gas Industry Average Movement | 10.7% |
| Market Average Movement | 8.6% |
| 10% most volatile stocks in AU Market | 15.4% |
| 10% least volatile stocks in AU Market | 3.7% |
Stable Share Price: HZN is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: HZN's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1969 | 16 | Chris Hodge | https://www.horizonoil.com.au |
Horizon Oil Limited, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties. It holds interest in the Block 22/12 oil field in Beibu Gulf, China; and Maari/Manaia oil fields in New Zealand, as well as engages in the exploration and evaluation of hydrocarbons. The company was incorporated in 1969 and is based in Sydney, Australia.
Horizon Oil Fundamentals Summary
| HZN fundamental statistics | |
|---|---|
| Market Cap | US$110.35m |
| Earnings (TTM) | US$4.86m |
| Revenue (TTM) | US$63.57m |
22.8x
P/E Ratio1.7x
P/S RatioIs HZN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HZN income statement (TTM) | |
|---|---|
| Revenue | US$63.57m |
| Cost of Revenue | US$47.13m |
| Gross Profit | US$16.45m |
| Expenses | US$11.58m |
| Earnings | US$4.86m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.0031 |
| Gross Margin | 25.87% |
| Net Profit Margin | 7.65% |
| Debt/Equity Ratio | 11.0% |
How did HZN perform over the long term?
See historical performance and comparisonDividends
30.1%
Current Dividend Yield612%
Payout RatioValuation
Is Horizon Oil undervalued compared to its fair value and its price relative to the market?
22.77x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HZN (A$0.1) is trading above our estimate of fair value (A$0.09)
Significantly Below Fair Value: HZN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HZN is good value based on its PE Ratio (22.8x) compared to the Australian Oil and Gas industry average (26.1x).
PE vs Market: HZN is poor value based on its PE Ratio (22.8x) compared to the Australian market (18.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HZN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HZN is good value based on its PB Ratio (1x) compared to the AU Oil and Gas industry average (2.4x).
Future Growth
How is Horizon Oil forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
14.1%
Forecasted Energy industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Horizon Oil has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Past Performance
How has Horizon Oil performed over the past 5 years?
50.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HZN has high quality earnings.
Growing Profit Margin: HZN's current net profit margins (7.6%) are lower than last year (19.5%).
Past Earnings Growth Analysis
Earnings Trend: HZN has become profitable over the past 5 years, growing earnings by 50.1% per year.
Accelerating Growth: HZN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HZN had negative earnings growth (-70.3%) over the past year, making it difficult to compare to the Oil and Gas industry average (-50.5%).
Return on Equity
High ROE: HZN's Return on Equity (4.4%) is considered low.
Financial Health
How is Horizon Oil's financial position?
Financial Position Analysis
Short Term Liabilities: HZN's short term assets ($65.3M) exceed its short term liabilities ($29.1M).
Long Term Liabilities: HZN's short term assets ($65.3M) exceed its long term liabilities ($47.4M).
Debt to Equity History and Analysis
Debt Level: HZN has more cash than its total debt.
Reducing Debt: HZN's debt to equity ratio has reduced from 138% to 11% over the past 5 years.
Debt Coverage: HZN's debt is well covered by operating cash flow (190.9%).
Interest Coverage: HZN's interest payments on its debt are well covered by EBIT (5.5x coverage).
Balance Sheet
Dividend
What is Horizon Oil current dividend yield, its reliability and sustainability?
30.14%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HZN's dividend (30.14%) is higher than the bottom 25% of dividend payers in the Australian market (2.25%).
High Dividend: HZN's dividend (30.14%) is in the top 25% of dividend payers in the Australian market (5.52%)
Stability and Growth of Payments
Stable Dividend: Too early to tell whether HZN's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if HZN's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (611.7%), HZN's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.5yrs
Average management tenure
CEO
Chris Hodge (69 yo)
1.92yrs
Tenure
US$682,966
Compensation
Mr. Christopher C. Hodge, also known as Chris, B.Sc., M.Sc., DIC, F.Fin, MAICD, serves as Chief Executive Officer of Horizon Oil Limited since May 2020. Mr. Hodge serves as Managing Director of Horizon Oil...
CEO Compensation Analysis
Compensation vs Market: Chris's total compensation ($USD682.97K) is above average for companies of similar size in the Australian market ($USD292.62K).
Compensation vs Earnings: Chris's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: HZN's management team is considered experienced (2.5 years average tenure).
Board Members
Experienced Board: HZN's board of directors are considered experienced (4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HZN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21.1%.
Top Shareholders
Company Information
Horizon Oil Limited's employee growth, exchange listings and data sources
Key Information
- Name: Horizon Oil Limited
- Ticker: HZN
- Exchange: ASX
- Founded: 1969
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Implied Market Cap: AU$153.157m
- Shares outstanding: 1.58b
- Website: https://www.horizonoil.com.au
Number of Employees
Location
- Horizon Oil Limited
- 134 William Street
- Level 6
- Sydney
- New South Wales
- 2011
- Australia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/22 07:02 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.