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Market Cap

AU$0

Last Updated

2021/04/17 08:06 UTC

Data Sources

Company Financials

Executive Summary

Horizon Oil Limited, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties. More Details

Risk Analysis

Does not have a meaningful market cap (A$0)



Snowflake Analysis

Excellent balance sheet and overvalued.


Similar Companies

Share Price & News

How has Horizon Oil's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HZN is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: HZN's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

3.3%

HZN

-1.2%

AU Oil and Gas

1.0%

AU Market


1 Year Return

80.8%

HZN

26.8%

AU Oil and Gas

33.5%

AU Market

Return vs Industry: HZN exceeded the Australian Oil and Gas industry which returned 26.8% over the past year.

Return vs Market: HZN exceeded the Australian Market which returned 33.5% over the past year.


Shareholder returns

HZNIndustryMarket
7 Day3.3%-1.2%1.0%
30 Day6.8%-1.2%4.0%
90 Day27.0%-6.0%5.0%
1 Year80.8%80.8%30.4%26.8%40.5%33.5%
3 Year-27.7%-27.7%-14.1%-22.3%36.3%16.1%
5 Year34.3%34.3%13.6%-1.7%67.0%31.3%

Long-Term Price Volatility Vs. Market

How volatile is Horizon Oil's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Horizon Oil undervalued compared to its fair value and its price relative to the market?

1.07x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: HZN (A$0.09) is trading above our estimate of fair value (A$0.06)

Significantly Below Fair Value: HZN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HZN is unprofitable, so we can't compare its PE Ratio to the AU Oil and Gas industry average.

PE vs Market: HZN is unprofitable, so we can't compare its PE Ratio to the Australian market.


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 (1.1x) compared to the AU Oil and Gas industry average (2.2x).


Future Growth

How is Horizon Oil forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

42.6%

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?

38.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HZN is currently unprofitable.

Growing Profit Margin: HZN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HZN is unprofitable, but has reduced losses over the past 5 years at a rate of 38.3% per year.

Accelerating Growth: Unable to compare HZN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HZN is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-20.1%).


Return on Equity

High ROE: HZN has a negative Return on Equity (-69.26%), as it is currently unprofitable.


Financial Health

How is Horizon Oil's financial position?


Financial Position Analysis

Short Term Liabilities: HZN's short term assets ($48.7M) exceed its short term liabilities ($32.1M).

Long Term Liabilities: HZN's short term assets ($48.7M) do not cover its long term liabilities ($51.3M).


Debt to Equity History and Analysis

Debt Level: HZN's debt to equity ratio (25%) is considered satisfactory.

Reducing Debt: HZN's debt to equity ratio has reduced from 83.4% to 25% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable HZN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: HZN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 31.5% per year.


Dividend

What is Horizon Oil current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate HZN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate HZN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if HZN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HZN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HZN's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.4yrs

Average management tenure


CEO

Chris Hodge (68 yo)

1.17yrs

Tenure

US$449,441

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 ($USD449.44K) is above average for companies of similar size in the Australian market ($USD293.17K).

Compensation vs Earnings: Chris's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: HZN's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: HZN's board of directors are considered experienced (4.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Horizon Oil Limited's company bio, 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
  • Market Cap: AU$0
  • Shares outstanding: 1.29b
  • 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


Biography

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, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/17 08:06
End of Day Share Price2021/04/16 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


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.