Hornigold Reit S.A. engages in the short-term rental of apartments.
Excellent balance sheet and slightly overvalued.
Share Price & News
How has Hornigold Reit's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HRL's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: HRL exceeded the Polish REITs industry which returned -20.6% over the past year.
Return vs Market: HRL exceeded the Polish Market which returned -16% over the past year.
Price Volatility Vs. Market
How volatile is Hornigold Reit's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StIs Hornigold Reit S.A.'s(WSE:HRL) Recent Stock Performance Tethered To Its Strong Fundamentals?
2 months ago | Simply Wall StWhat Kind Of Shareholder Owns Most Hornigold Reit S.A. (WSE:HRL) Stock?
3 months ago | Simply Wall StThe Hornigold Reit (WSE:HRL) Share Price Is Up 355% And Shareholders Are Delighted
Is Hornigold Reit undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HRL (PLN0.3) is trading below our estimate of fair value (PLN3.46)
Significantly Below Fair Value: HRL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HRL is poor value based on its PE Ratio (14.9x) compared to the XE REITs industry average (13.6x).
PE vs Market: HRL is poor value based on its PE Ratio (14.9x) compared to the Polish market (13.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HRL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HRL is overvalued based on its PB Ratio (3.7x) compared to the XE REITs industry average (0.9x).
How is Hornigold Reit forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate 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 Hornigold Reit 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.
- Examine Hornigold Reit's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Hornigold Reit competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
How has Hornigold Reit performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HRL has a large one-off gain of PLN2.9M impacting its March 31 2020 financial results.
Growing Profit Margin: HRL became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: HRL has become profitable over the past 5 years, growing earnings by 75.1% per year.
Accelerating Growth: HRL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: HRL has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (9.7%).
Return on Equity
High ROE: Whilst HRL's Return on Equity (24.9%) is high, this metric is skewed due to their high level of debt.
How is Hornigold Reit's financial position?
Financial Position Analysis
Short Term Liabilities: HRL's short term assets (PLN3.3M) do not cover its short term liabilities (PLN6.4M).
Long Term Liabilities: HRL's short term assets (PLN3.3M) exceed its long term liabilities (PLN36.4K).
Debt to Equity History and Analysis
Debt Level: HRL is debt free.
Reducing Debt: HRL has no debt compared to 5 years ago when its debt to equity ratio was 9.2%.
Debt Coverage: HRL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: HRL has no debt, therefore coverage of interest payments is not a concern.
What is Hornigold Reit current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HRL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate HRL'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 HRL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HRL'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 HRL's dividend in 3 years as they are not forecast to pay a notable one for the Polish market.
How experienced are the management team and are they aligned to shareholders interests?
Mr. Marek Krystoforski serves as President of Management Board at Hornigold Reit S.A. (formerly known as Mobile Partner S.A.).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Hornigold Reit S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Hornigold Reit S.A.
- Ticker: HRL
- Exchange: WSE
- Founded: 2010
- Industry: Residential REITs
- Sector: Real Estate
- Market Cap: zł49.078m
- Shares outstanding: 163.59m
- Website: https://www.hornigoldreit.pl
- Hornigold Reit S.A.
- ul. Moniuszki 10/1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HRL||WSE (Warsaw Stock Exchange)||Yes||Common Bearer Shares||PL||PLN||Jun 2011|
Hornigold Reit S.A. engages in the short-term rental of apartments. The company was founded in 2010 and is based in Katowice, Poland.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/11 21:05|
|End of Day Share Price||2020/07/10 00:00|
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.