Executive Summary
Horizon Minerals Limited engages in the exploration and development of mineral properties in Australia. More Details
Rewards
Risk Analysis
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
| HRZ | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.8% | 2.5% | -1.6% |
| 30 Day | -9.1% | 7.5% | 1.2% |
| 90 Day | 0% | 20.1% | 3.9% |
| 1 Year | 25.0%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 Year | 42.9%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
9 months ago | Simply Wall St
Do Institutions Own Horizon Minerals Limited (ASX:HRZ) Shares?10 months ago | Simply Wall St
How Much Are Horizon Minerals Limited (ASX:HRZ) Insiders Spending On Buying Shares?11 months ago | Simply Wall St
Does Horizon Minerals Limited's (ASX:HRZ) CEO Pay Matter?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
- Take a look at our analysis of HRZ’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Horizon Minerals competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Director | 5.08yrs | AU$364.57k | 0.79% A$ 445.5k | |
| Chief Operations Officer | 3.08yrs | AU$302.96k | 0.23% A$ 129.9k | |
| CFO & Joint Company Secretary | 0.17yr | no data | no data | |
| Exploration Manager | no data | no data | no data | |
| Joint Company Secretary | 11yrs | AU$43.92k | no data |
4.1yrs
Average Tenure
Experienced Management: HRZ's management team is considered experienced (4.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Director | 5.08yrs | AU$364.57k | 0.79% A$ 445.5k | |
| Independent Non-Executive Director | 4.58yrs | AU$74.47k | 0.35% A$ 196.0k | |
| Non-Executive Chairman | 0.58yr | AU$47.22k | 1.57% A$ 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HRZ | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
| HRZ | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Jan 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/01 07:03 |
| End of Day Share Price | 2021/03/01 00:00 |
| Earnings | 2020/06/30 |
| 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.