Executive Summary
Horizon Oil Limited, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties. More Details
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
| HZN | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.3% | -1.2% | 1.0% |
| 30 Day | 6.8% | -1.2% | 4.0% |
| 90 Day | 27.0% | -6.0% | 5.0% |
| 1 Year | 80.8%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 Year | 34.3%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
1 month ago | Simply Wall St
Horizon Oil (ASX:HZN) Has Debt But No Earnings; Should You Worry?4 months ago | Simply Wall St
Horizon Oil (ASX:HZN) Share Prices Have Dropped 46% In The Last Year5 months ago | Simply Wall St
Is Horizon Oil (ASX:HZN) Weighed On By Its Debt Load?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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/17 08:06 |
| End of Day Share Price | 2021/04/16 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/06/30 |
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.