ASX:HRZ

Stock Analysis Report

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Executive Summary

Horizon Minerals Limited engages in the exploration and development of mineral properties in Australia. More Details


Snowflake Analysis

Mediocre balance sheet with questionable track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: HRZ is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: HRZ's weekly volatility (10%) has been stable over the past year.


Market Performance


7 Day Return

-4.8%

HRZ

2.5%

AU Metals and Mining

-1.6%

AU Market


1 Year Return

25.0%

HRZ

49.4%

AU Metals and Mining

8.6%

AU Market

Return vs Industry: HRZ underperformed the Australian Metals and Mining industry which returned 49.4% over the past year.

Return vs Market: HRZ exceeded the Australian Market which returned 8.6% over the past year.


Shareholder returns

HRZIndustryMarket
7 Day-4.8%2.5%-1.6%
30 Day-9.1%7.5%1.2%
90 Day0%20.1%3.9%
1 Year25.0%25.0%57.3%49.4%12.2%8.6%
3 Year-58.3%-58.3%81.1%56.3%28.2%12.8%
5 Year42.9%42.9%210.4%153.4%61.7%30.2%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

41.7x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: HRZ is poor value based on its PE Ratio (41.7x) compared to the AU Metals and Mining industry average (12.3x).

PE vs Market: HRZ is poor value based on its PE Ratio (41.7x) compared to the Australian market (20.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HRZ's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HRZ is good value based on its PB Ratio (1x) compared to the AU Metals and Mining industry average (2.8x).


Next Steps

Future Growth

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

-5.6%

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 Minerals 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.


Next Steps

Past Performance

How has Horizon Minerals performed over the past 5 years?

20.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HRZ has a large one-off gain of A$3.4M impacting its June 30 2020 financial results.

Growing Profit Margin: HRZ became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: HRZ has become profitable over the past 5 years, growing earnings by 20% per year.

Accelerating Growth: HRZ has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: HRZ has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (27.5%).


Return on Equity

High ROE: HRZ's Return on Equity (2.2%) is considered low.


Next Steps

Financial Health

How is Horizon Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: HRZ's short term assets (A$12.1M) exceed its short term liabilities (A$7.7M).

Long Term Liabilities: HRZ's short term assets (A$12.1M) exceed its long term liabilities (A$1.1M).


Debt to Equity History and Analysis

Debt Level: HRZ's debt to equity ratio (9.1%) is considered satisfactory.

Reducing Debt: HRZ's debt to equity ratio has increased from 4.6% to 9.1% over the past 5 years.

Debt Coverage: HRZ's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if HRZ's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Horizon Minerals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

4.1yrs

Average management tenure


CEO

Jon Price

5.08yrs

Tenure

AU$364,570

Compensation

Mr. Jonathan Paul Price, also known as Jon, MAusIMM, MAICD, Bsc (Env Science), Grad Dip (Metullergy), Msc (Economics) has been Managing Director and Executive Director of Horizon Minerals Limited (formerly...


CEO Compensation Analysis

Compensation vs Market: Jon's total compensation ($USD281.26K) is about average for companies of similar size in the Australian market ($USD293.60K).

Compensation vs Earnings: Jon's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jonathan Price
MD & Director5.08yrsAU$364.57k0.79%
A$ 445.5k
Grant Haywood
Chief Operations Officer3.08yrsAU$302.96k0.23%
A$ 129.9k
Julian Simon Tambyrajah
CFO & Joint Company Secretary0.17yrno datano data
David O'Farrell
Exploration Managerno datano datano data
Bianca Taveira
Joint Company Secretary11yrsAU$43.92kno data

4.1yrs

Average Tenure

Experienced Management: HRZ's management team is considered experienced (4.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jonathan Price
MD & Director5.08yrsAU$364.57k0.79%
A$ 445.5k
Peter Bilbe
Independent Non-Executive Director4.58yrsAU$74.47k0.35%
A$ 196.0k
Ashok Parekh
Non-Executive Chairman0.58yrAU$47.22k1.57%
A$ 882.0k

4.6yrs

Average Tenure

Experienced Board: HRZ's board of directors are considered experienced (4.6 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 32.7%.


Top Shareholders

Company Information

Horizon Minerals Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Horizon Minerals Limited
  • Ticker: HRZ
  • Exchange: ASX
  • Founded: 1974
  • Industry: Gold
  • Sector: Materials
  • Market Cap: AU$56.230m
  • Shares outstanding: 567.98m
  • Website: https://www.horizonminerals.com.au

Location

  • Horizon Minerals Limited
  • 163-167 Stirling Highway
  • Nedlands
  • Western Australia
  • 6009
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HRZASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
HRZCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992

Biography

Horizon Minerals Limited engages in the exploration and development of mineral properties in Australia. It explores for gold, nickel, copper, vanadium, molybdenum, silver, and zinc deposits. The company op...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/01 07:03
End of Day Share Price2021/03/01 00:00
Earnings2020/06/30
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.