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Horizon Global CorporationNYSE:HZN Stock Report

Market Cap US$48.8m
Share Price
n/a
1Y-74.9%
7D1.7%
1D0%
Portfolio Value
View

Horizon Global Corporation

NYSE:HZN Stock Report

Market Cap: US$48.8m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Horizon Global (HZN) 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

HZN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

HZN Community Fair Values

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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 PriceUS$1.76
52 Week HighUS$7.15
52 Week LowUS$0.30
Beta2.9
1 Month Change1.15%
3 Month Change220.00%
1 Year Change-74.86%
3 Year Change-48.99%
5 Year Change-78.48%
Change since IPO-88.31%

Recent News & Updates

Seeking Alpha Jan 03

Horizon Global to be acquired by First Brands Group

Horizon Global (NYSE:HZN) has entered into a definitive merger pact with First Brands Group, LLC, pursuant to which First Brands will acquire Horizon Global. Per the terms of the deal include an all-cash tender offer, which upon successful closing will entitle each stockholder of Horizon Global’s common stock to receive cash consideration of $1.75/share. The deal will result in a collection of market leading brands within the automotive industry, serving both OEM and the aftermarket channels under one group. The combined group will have improved access to capital to ensure the continued growth and product development that has been a long-term strategic priority for Horizon Global, enabling the group to focus on serving its broad customer base without interruption. The deal represents a 31% premium to the trading price prior to the strategic alternative announcement in August 2022, and a 237% premium over the 30 day volume weighted trading price in Horizon Global’s common stock. It expects the deal to be completed in the first quarter of 2023.

Recent updates

Seeking Alpha Jan 03

Horizon Global to be acquired by First Brands Group

Horizon Global (NYSE:HZN) has entered into a definitive merger pact with First Brands Group, LLC, pursuant to which First Brands will acquire Horizon Global. Per the terms of the deal include an all-cash tender offer, which upon successful closing will entitle each stockholder of Horizon Global’s common stock to receive cash consideration of $1.75/share. The deal will result in a collection of market leading brands within the automotive industry, serving both OEM and the aftermarket channels under one group. The combined group will have improved access to capital to ensure the continued growth and product development that has been a long-term strategic priority for Horizon Global, enabling the group to focus on serving its broad customer base without interruption. The deal represents a 31% premium to the trading price prior to the strategic alternative announcement in August 2022, and a 237% premium over the 30 day volume weighted trading price in Horizon Global’s common stock. It expects the deal to be completed in the first quarter of 2023.
Seeking Alpha Nov 09

Horizon Global GAAP EPS of -$0.92, revenue of $148.97M

Horizon Global press release (NYSE:HZN): Q3 GAAP EPS of -$0.92. Revenue of $148.97M (-24.2% Y/Y).
Seeking Alpha Aug 08

Horizon Global announces review of strategic alternatives

Horizon Global (NYSE:HZN) said Monday its board authorized a review of strategic alternatives, which may involve a sale of a portion or the entirety of the company. HZN said there can be no assurance that the review process will result in any deal or other alternative. "We received inbound interest in the company and, given this level of interest, the board made the decision to review strategic alternatives," said HZN board chair John Kennedy. There is no set timetable for the strategic review.
Seeking Alpha Jun 29

Horizon Global appoints CFO

The board of branded towing and trailering equipment company, Horizon Global (NYSE:HZN), appointed Jian James Zhou CFO, effective immediately. Zhou, replacing Dennis Richardville, most recently served as executive vice president and CFO for Joyson Safety Systems. Source: Press Release

Shareholder Returns

HZNUS Auto ComponentsUS Market
7D1.7%-3.1%-2.6%
1Y-74.9%2.1%20.0%

Return vs Industry: HZN underperformed the US Auto Components industry which returned -12.6% over the past year.

Return vs Market: HZN underperformed the US Market which returned -10.9% over the past year.

Price Volatility

Is HZN's price volatile compared to industry and market?
HZN volatility
HZN Average Weekly Movement99.7%
Auto Components Industry Average Movement7.3%
Market Average Movement7.3%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market3.2%

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

Volatility Over Time: HZN's weekly volatility has increased from 50% to 100% over the past year.

About the Company

FoundedEmployeesCEOWebsite
20153,800John Kennedywww.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?
HZN fundamental statistics
Market capUS$48.81m
Earnings (TTM)-US$90.07m
Revenue (TTM)US$675.32m
0.1x
P/S Ratio
-0.5x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HZN income statement (TTM)
RevenueUS$675.32m
Cost of RevenueUS$585.26m
Gross ProfitUS$90.06m
Other ExpensesUS$180.13m
Earnings-US$90.07m

Last Reported Earnings

Sep 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-3.25
Gross Margin13.34%
Net Profit Margin-13.34%
Debt/Equity Ratio-281.7%

How did HZN perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/02/09 20:00
End of Day Share Price 2023/02/07 00:00
Earnings2022/09/30
Annual Earnings2021/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
Gerrick JohnsonBMO Capital Markets Equity Research
Michael NicholsB. Riley Securities, Inc.
Daniel MooreCJS Securities, Inc.