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HRN

Horizon GoldASX:HRN Stock Report

Market Cap

AU$45.9m

7D

21.6%

1Y

-7.2%

Updated

22 Oct, 2021

Data

Company Financials
HRN fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

HRN Overview

Horizon Gold Limited engages in the exploration, evaluation, development, and production of gold deposits in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Horizon Gold
Historical stock prices
Current Share PriceAU$0.45
52 Week HighAU$0.26
52 Week LowAU$0.57
Beta-0.79
1 Month Change28.57%
3 Month Change12.50%
1 Year Change-7.22%
3 Year Change125.00%
5 Year Changen/a
Change since IPO28.57%

Recent News & Updates

Shareholder Returns

HRNAU Metals and MiningAU Market
7D21.6%-0.3%0.7%
1Y-7.2%12.5%21.4%

Return vs Industry: HRN underperformed the Australian Metals and Mining industry which returned 12.5% over the past year.

Return vs Market: HRN underperformed the Australian Market which returned 21.4% over the past year.

Price Volatility

Is HRN's price volatile compared to industry and market?
HRN volatility
HRN Beta-0.79
Industry Beta0.97
Market Beta1

Stable Share Price: HRN is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 25% a week.

Volatility Over Time: HRN's weekly volatility has increased from 16% to 25% over the past year.

About the Company

FoundedEmployeesCEOWebsite
20161Leigh Ryanhttps://www.horizongold.com.au

Horizon Gold Limited engages in the exploration, evaluation, development, and production of gold deposits in Australia. Its flagship project is the Gum Creek gold project covering an area of approximately 620 square kilometers located within the Southern Cross Province of the Youanmi Terrane in Western Australia. The company was incorporated in 2016 and is based in West Perth, Australia.

Horizon Gold Fundamentals Summary

How do Horizon Gold's earnings and revenue compare to its market cap?
HRN fundamental statistics
Market CapAU$45.88m
Earnings (TTM)-AU$1.07m
Revenue (TTM)AU$17.00k

3.0kx

P/S Ratio

-44.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HRN income statement (TTM)
RevenueAU$17.00k
Cost of RevenueAU$0
Gross ProfitAU$17.00k
ExpensesAU$1.09m
Earnings-AU$1.07m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.01
Gross Margin100.00%
Net Profit Margin-6,305.88%
Debt/Equity Ratio0.0%

How did HRN perform over the long term?

See historical performance and comparison

Valuation

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

1.93x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate HRN's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate HRN's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: HRN is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: HRN 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 HRN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HRN is good value based on its PB Ratio (1.9x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

-0.07%

Forecasted Materials 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 Gold 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 Gold performed over the past 5 years?

21.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HRN is currently unprofitable.

Growing Profit Margin: HRN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HRN is unprofitable, but has reduced losses over the past 5 years at a rate of 21.7% per year.

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

Earnings vs Industry: HRN is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: HRN has a negative Return on Equity (-4.31%), as it is currently unprofitable.


Financial Health

How is Horizon Gold's financial position?


Financial Position Analysis

Short Term Liabilities: HRN's short term assets (A$6.0M) exceed its short term liabilities (A$846.0K).

Long Term Liabilities: HRN's short term assets (A$6.0M) do not cover its long term liabilities (A$10.7M).


Debt to Equity History and Analysis

Debt Level: HRN is debt free.

Reducing Debt: HRN currently has no debt however we can't compare to 5 years ago as we have no data for that period.


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: Insufficient data to determine if HRN has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if HRN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate HRN'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 HRN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HRN'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 HRN'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?

1.5yrs

Average board tenure


CEO

Leigh Ryan (57 yo)

0.83

Tenure

AU$380,885

Compensation

Mr. Leigh Ronald Ryan, B.Sc. (Geol.), Grad. Cert. Min.Econ., MAIG, serves as Director & Managing Director of Horizon Gold Limited since December 14, 2020. He is a qualified geologist with vast experience...


CEO Compensation Analysis

Compensation vs Market: Leigh's total compensation ($USD285.24K) is about average for companies of similar size in the Australian market ($USD303.33K).

Compensation vs Earnings: Insufficient data to compare Leigh's compensation with company performance.


Board Members

Experienced Board: HRN's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: HRN 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 22.5%.


Top Shareholders

Company Information

Horizon Gold Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Horizon Gold Limited
  • Ticker: HRN
  • Exchange: ASX
  • Founded: 2016
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$45.878m
  • Shares outstanding: 106.69m
  • Website: https://www.horizongold.com.au

Number of Employees


Location

  • Horizon Gold Limited
  • 47 Havelock Street
  • Suite 8
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 07:04
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.