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2H6 Stock Overview

Horizon Global Corporation engages in the design, manufacture, and distribution of towing, trailering, cargo management, and other related accessory products worldwide. More details

2H6 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	0/6
Dividends	0/6

Risk Analysis

Has less than 1 year of cash runway

Highly volatile share price over the past 3 months

Negative shareholders equity

Does not have a meaningful market cap (€49M)

Community vs My Fair Value

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Horizon Global Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for Horizon Global
Historical stock prices
Current Share Price	US$1.61
52 Week High	US$6.15
52 Week Low	US$0.34
Beta	2.9
1 Month Change	2.55%
3 Month Change	215.69%
1 Year Change	-73.82%
3 Year Change	-48.73%
5 Year Change	-75.53%
Change since IPO	-87.37%

Recent updates

Shareholder Returns

	2H6	DE Auto Components	DE Market
7D	3.9%	-0.6%	-0.8%
1Y	-73.8%	5.8%	16.9%

Return vs Industry: 2H6 underperformed the German Auto Components industry which returned -6.9% over the past year.

Return vs Market: 2H6 underperformed the German Market which returned -9.4% over the past year.

Price Volatility

Is 2H6's price volatile compared to industry and market?
2H6 volatility
2H6 Average Weekly Movement	91.6%
Auto Components Industry Average Movement	6.1%
Market Average Movement	6.5%
10% most volatile stocks in DE Market	12.6%
10% least volatile stocks in DE Market	3.1%

Stable Share Price: 2H6's share price has been volatile over the past 3 months.

Volatility Over Time: 2H6's weekly volatility has increased from 47% to 92% over the past year.

About the Company

Founded	Employees	CEO	Website
2015	3,800	John Kennedy	www.horizonglobal.com

Horizon Global Corporation engages in the design, manufacture, and distribution of towing, trailering, cargo management, and other related accessory products worldwide. It operates in two segments, Horizon Americas and Horizon Europe-Africa. The company provides towing products, such as hitches/tow bars, fifth wheels, gooseneck hitches, weight distribution systems, brake controllers, wiring harnesses, draw bars, ball mounts, crossbars, security products, and other towing accessories.

Horizon Global Corporation Fundamentals Summary

How do Horizon Global's earnings and revenue compare to its market cap?
2H6 fundamental statistics
Market cap	€45.56m
Earnings (TTM)	-€84.07m
Revenue (TTM)	€630.34m

0.1x

P/S Ratio

-0.5x

P/E Ratio

Is 2H6 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2H6 income statement (TTM)
Revenue	US$675.32m
Cost of Revenue	US$585.26m
Gross Profit	US$90.06m
Other Expenses	US$180.13m
Earnings	-US$90.07m

Last Reported Earnings

Sep 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-3.25
Gross Margin	13.34%
Net Profit Margin	-13.34%
Debt/Equity Ratio	-281.7%

How did 2H6 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/02/09 16:31
End of Day Share Price	2023/02/08 00:00
Earnings	2022/09/30
Annual Earnings	2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Horizon Global Corporation is covered by 6 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Gerrick Johnson	BMO Capital Markets Equity Research
Michael Nichols	B. Riley Securities, Inc.
Daniel Moore	CJS Securities, Inc.

Horizon Global DB:2H6 Stock Report