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HRZ

Horizon MineralsASX:HRZ Stock Report

Last Price

AU$0.13

Market Cap

AU$71.0m

7D

-2.0%

1Y

13.6%

Updated

26 Jan, 2022

Data

Company Financials
HRZ fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends0/6

HRZ Stock Overview

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

Horizon Minerals Competitors

Black Cat Syndicate

ASX:BC8

AU$80.3m

Ausgold

ASX:AUC

AU$74.3m

Strickland Metals

ASX:STK

AU$74.2m

Great Boulder Resources

ASX:GBR

AU$48.2m

Price History & Performance

Summary of all time highs, changes and price drops for Horizon Minerals
Historical stock prices
Current Share PriceAU$0.13
52 Week HighAU$0.15
52 Week LowAU$0.096
Beta0.84
1 Month Change0%
3 Month Change0%
1 Year Change13.64%
3 Year Change4.17%
5 Year Change8.70%
Change since IPO-33.33%

Recent News & Updates

Sep 16
Why Horizon Minerals' (ASX:HRZ) Earnings Are Better Than They Seem

Why Horizon Minerals' (ASX:HRZ) Earnings Are Better Than They Seem

Horizon Minerals Limited ( ASX:HRZ ) announced a healthy earnings result recently, and the market rewarded it with a...

Jun 21
Does Horizon Minerals (ASX:HRZ) Have A Healthy Balance Sheet?

Does Horizon Minerals (ASX:HRZ) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Shareholder Returns

HRZAU Metals and MiningAU Market
7D-2.0%-5.6%-5.4%
1Y13.6%3.7%2.6%

Return vs Industry: HRZ exceeded the Australian Metals and Mining industry which returned 3.7% over the past year.

Return vs Market: HRZ exceeded the Australian Market which returned 2.6% over the past year.

Price Volatility

Is HRZ's price volatile compared to industry and market?
HRZ volatility
HRZ Average Weekly Movement8.8%
Metals and Mining Industry Average Movement10.7%
Market Average Movement8.5%
10% most volatile stocks in AU Market15.4%
10% least volatile stocks in AU Market3.7%

Stable Share Price: HRZ is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: HRZ's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1974n/aJon Pricehttps://www.horizonminerals.com.au

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 operates 100% owned gold projects in the Kalgoorlie and Coolgardie regions.

Horizon Minerals Fundamentals Summary

How do Horizon Minerals's earnings and revenue compare to its market cap?
HRZ fundamental statistics
Market CapAU$71.00m
Earnings (TTM)AU$2.45m
Revenue (TTM)AU$18.19m

29.1x

P/E Ratio

3.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HRZ income statement (TTM)
RevenueAU$18.19m
Cost of RevenueAU$12.90m
Gross ProfitAU$5.29m
ExpensesAU$2.84m
EarningsAU$2.45m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0043
Gross Margin29.08%
Net Profit Margin13.45%
Debt/Equity Ratio0%

How did HRZ perform over the long term?

See historical performance and comparison

Valuation

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

29.07x

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 (29.1x) compared to the Australian Metals and Mining industry average (15.4x).

PE vs Market: HRZ is poor value based on its PE Ratio (29.1x) compared to the Australian market (18.2x).


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 (1.1x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

0.7%

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.


Past Performance

How has Horizon Minerals performed over the past 5 years?

30.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HRZ has a large one-off loss of A$3.3M impacting its June 30 2021 financial results.

Growing Profit Margin: HRZ's current net profit margins (13.5%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: HRZ has become profitable over the past 5 years, growing earnings by 30.5% per year.

Accelerating Growth: HRZ's earnings growth over the past year (134.5%) exceeds its 5-year average (30.5% per year).

Earnings vs Industry: HRZ earnings growth over the past year (134.5%) exceeded the Metals and Mining industry 33%.


Return on Equity

High ROE: HRZ's Return on Equity (3.8%) is considered low.


Financial Health

How is Horizon Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: HRZ's short term assets (A$12.4M) exceed its short term liabilities (A$905.6K).

Long Term Liabilities: HRZ's short term assets (A$12.4M) exceed its long term liabilities (A$1.5M).


Debt to Equity History and Analysis

Debt Level: HRZ is debt free.

Reducing Debt: HRZ had no debt 5 years ago.

Debt Coverage: HRZ has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: HRZ has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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?

2.5yrs

Average management tenure


CEO

Jon Price

6yrs

Tenure

AU$529,350

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 ($USD378.05K) is above average for companies of similar size in the Australian market ($USD289.87K).

Compensation vs Earnings: Jon's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: HRZ's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: HRZ's board of directors are considered experienced (5.5 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Horizon Minerals Limited
  • Ticker: HRZ
  • Exchange: ASX
  • Founded: 1974
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: AU$70.997m
  • Shares outstanding: 567.98m
  • Website: https://www.horizonminerals.com.au

Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/26 07:02
End of Day Share Price2022/01/25 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.