Horizon Petroleum Ltd.

TSXV:HPL Stock Report

Market Cap: CA$5.9m

Horizon Petroleum Valuation

Is HPL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HPL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate HPL's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate HPL's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HPL?

Key metric: As HPL is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for HPL. This is calculated by dividing HPL's market cap by their current book value.
What is HPL's PB Ratio?
PB Ratio-1.7x
Book-CA$3.09m
Market CapCA$5.92m

Price to Book Ratio vs Peers

How does HPL's PB Ratio compare to its peers?

The above table shows the PB ratio for HPL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average45.1x
BNG Bengal Energy
0.2xn/aCA$7.3m
FHR Fiddlehead Resources
172.6xn/aCA$7.6m
WGT Westgate Energy
0.7xn/aCA$8.1m
PWH PureWave Hydrogen
6.9xn/aCA$4.7m
HPL Horizon Petroleum
n/an/aCA$5.9m

Price-To-Book vs Peers: HPL has negative equity and a Price-To-Book Ratio (-1.7x) compared to the peer average (45.1x).

Price to Book Ratio vs Industry

How does HPL's PB Ratio compare vs other companies in the CA Oil and Gas Industry?

10 CompaniesPrice / BookEstimated GrowthMarket Cap
BNE Bonterra Energy
0.2x-82.7%US$91.02m
YGR Yangarra Resources
0.2xn/aUS$73.92m
TWM Tidewater Midstream and Infrastructure
0.2x110.6%US$41.43m
LCFS Tidewater Renewables
0.2x110.5%US$22.02m
HPL is unprofitableIndustry Avg. 1.3xNo. of Companies24PB012345+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: HPL has negative equity and a Price-To-Book Ratio (-1.7x) compared to the Canadian Oil and Gas industry average (1.3x).

Price to Book Ratio vs Fair Ratio

What is HPL's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HPL PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio-1.7x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate HPL's Price-To-Book Fair Ratio for valuation analysis.

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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