HZN Stock Overview
Horizon Oil Limited, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in China and New Zealand.
Horizon Oil Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.15|
|52 Week High||AU$0.17|
|52 Week Low||AU$0.083|
|1 Month Change||-1.67%|
|3 Month Change||18.00%|
|1 Year Change||55.26%|
|3 Year Change||9.26%|
|5 Year Change||168.18%|
|Change since IPO||-59.92%|
Recent News & Updates
|HZN||AU Oil and Gas||AU Market|
Return vs Industry: HZN exceeded the Australian Oil and Gas industry which returned 19.7% over the past year.
Return vs Market: HZN exceeded the Australian Market which returned -9.7% over the past year.
|HZN Average Weekly Movement||6.8%|
|Oil and Gas Industry Average Movement||11.7%|
|Market Average Movement||9.5%|
|10% most volatile stocks in AU Market||16.7%|
|10% least volatile stocks in AU Market||4.2%|
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.
About the Company
Horizon Oil Limited, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in China and New Zealand. It holds interest in the Block 22/12 oil field in Beibu Gulf, China; and the PMP 38160 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|
Is HZN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HZN income statement (TTM)|
|Cost of Revenue||US$57.37m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.015|
|Net Profit Margin||22.50%|
How did HZN perform over the long term?See historical performance and comparison
20.2%Current Dividend Yield
Does HZN pay a reliable dividends?See HZN dividend history and benchmarks
|Horizon Oil dividend dates|
|Ex Dividend Date||Oct 12 2022|
|Dividend Pay Date||Oct 20 2022|
|Days until Ex dividend||11 days|
|Days until Dividend pay date||19 days|
Does HZN pay a reliable dividends?See HZN dividend history and benchmarks
Is HZN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for HZN?
Other financial metrics that can be useful for relative valuation.
|What is HZN's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does HZN's PE Ratio compare to its peers?
|HZN PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
BYE Byron Energy
CTP Central Petroleum
OEL Otto Energy
ATS Australis Oil & Gas
HZN Horizon Oil
Price-To-Earnings vs Peers: HZN is good value based on its Price-To-Earnings Ratio (6.3x) compared to the peer average (23.3x).
Price to Earnings Ratio vs Industry
How does HZN's PE Ratio compare vs other companies in the AU Oil and Gas Industry?
Price-To-Earnings vs Industry: HZN is good value based on its Price-To-Earnings Ratio (6.3x) compared to the Australian Oil and Gas industry average (6.6x)
Price to Earnings Ratio vs Fair Ratio
What is HZN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||6.3x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HZN's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of HZN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: HZN (A$0.15) is trading below our estimate of fair value (A$1.55)
Significantly Below Fair Value: HZN is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Horizon Oil forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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.
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How has Horizon Oil performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HZN has high quality earnings.
Growing Profit Margin: HZN's current net profit margins (22.5%) are higher than last year (7.6%).
Past Earnings Growth Analysis
Earnings Trend: HZN has become profitable over the past 5 years, growing earnings by 19.8% per year.
Accelerating Growth: HZN's earnings growth over the past year (400.3%) exceeds its 5-year average (19.8% per year).
Earnings vs Industry: HZN earnings growth over the past year (400.3%) underperformed the Oil and Gas industry 653.3%.
Return on Equity
High ROE: HZN's Return on Equity (24.5%) is considered high.
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How is Horizon Oil's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: HZN's short term assets ($68.9M) exceed its short term liabilities ($36.8M).
Long Term Liabilities: HZN's short term assets ($68.9M) exceed its long term liabilities ($46.5M).
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 117.1% to 1.2% over the past 5 years.
Debt Coverage: HZN's debt is well covered by operating cash flow (4836.5%).
Interest Coverage: HZN's interest payments on its debt are well covered by EBIT (42.5x coverage).
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What is Horizon Oil current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
|Horizon Oil Dividend Yield vs Market|
|Company (Horizon Oil)||20.2%|
|Market Bottom 25% (AU)||2.8%|
|Market Top 25% (AU)||7.2%|
|Industry Average (Oil and Gas)||8.1%|
|Analyst forecast in 3 Years (Horizon Oil)||n/a|
Notable Dividend: HZN's dividend (20.22%) is higher than the bottom 25% of dividend payers in the Australian market (2.77%).
High Dividend: HZN's dividend (20.22%) is in the top 25% of dividend payers in the Australian market (7.18%)
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.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (73.9%), HZN's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (66.6%), HZN's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Richard Beament serves as Chief Executive Officer, Managing Director and Director of Horizon Oil Limited since July 01, 2022. He served as Chief Financial Officer at Horizon Oil Ltd since July 1, 2018...
CEO Compensation Analysis
|Richard Beament's Compensation vs Horizon Oil Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||US$491k||US$319k|
|Dec 31 2021||n/a||n/a|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||US$480k||US$312k|
|Dec 31 2020||n/a||n/a|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||US$384k||US$294k|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||n/a||n/a|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||US$435k||US$304k|
Compensation vs Market: Richard's total compensation ($USD491.32K) is about average for companies of similar size in the Australian market ($USD625.70K).
Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.
Experienced Management: HZN's management team is not considered experienced ( 0.2 years average tenure), which suggests a new team.
Experienced Board: HZN's board of directors are considered experienced (4.7 years average tenure).
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.
Recent Insider Transactions
|24 Jun 22||BuyAU$30,165||Gregory Bittar||Individual||250,000||AU$0.12|
|23 Nov 21||BuyAU$43,500||Christopher Hodge||Individual||500,000||AU$0.087|
|20 Oct 21||SellAU$2,014,151||Spheria Asset Management Pty Ltd||Company||20,172,789||AU$0.10|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Horizon Oil Limited's employee growth, exchange listings and data sources
- Name: Horizon Oil Limited
- Ticker: HZN
- Exchange: ASX
- Founded: 1969
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Implied Market Cap: AU$236.213m
- Shares outstanding: 1.60b
- Website: https://horizonoil.com.au
Number of Employees
- Horizon Oil Limited
- 360 Kent Street
- Level 4
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HOJ||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|HZN||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jan 1992|
|HZNF.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|HZN||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Jan 1992|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/30 00:00|
|End of Day Share Price||2022/09/30 00:00|
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.