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HZN

Horizon Global NYSE:HZN Stock Report

Last Price

US$1.93

Market Cap

US$53.0m

7D

-2.5%

1Y

-76.6%

Updated

27 Jun, 2022

Data

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

HZN Stock Overview

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

Horizon Global Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Horizon Global
Historical stock prices
Current Share PriceUS$1.93
52 Week HighUS$9.38
52 Week LowUS$1.90
Beta1.96
1 Month Change-20.58%
3 Month Change-65.66%
1 Year Change-76.58%
3 Year Change-47.98%
5 Year Change-87.10%
Change since IPO-87.18%

Recent News & Updates

Shareholder Returns

HZNUS Auto ComponentsUS Market
7D-2.5%9.3%6.6%
1Y-76.6%-36.1%-18.4%

Return vs Industry: HZN underperformed the US Auto Components industry which returned -36.1% over the past year.

Return vs Market: HZN underperformed the US Market which returned -18.4% over the past year.

Price Volatility

Is HZN's price volatile compared to industry and market?
HZN volatility
HZN Average Weekly Movement8.4%
Auto Components Industry Average Movement8.6%
Market Average Movement8.1%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stable Share Price: HZN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: HZN's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20153,800Terry Gohlhttps://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 Fundamentals Summary

How do Horizon Global's earnings and revenue compare to its market cap?
HZN fundamental statistics
Market CapUS$53.01m
Earnings (TTM)-US$43.59m
Revenue (TTM)US$763.79m

0.1x

P/S Ratio

-1.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HZN income statement (TTM)
RevenueUS$763.79m
Cost of RevenueUS$625.05m
Gross ProfitUS$138.74m
Other ExpensesUS$182.33m
Earnings-US$43.59m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-1.58
Gross Margin18.16%
Net Profit Margin-5.71%
Debt/Equity Ratio-512.3%

How did HZN perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

HZN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA44.2x
PEG Ration/a

Price to Sales Ratio vs Peers

How does HZN's PS Ratio compare to its peers?

HZN PS Ratio vs Peers
The above table shows the PS ratio for HZN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.2x
SYPR Sypris Solutions
0.5xn/aUS$49.9m
CAAS China Automotive Systems
0.2x3.3%US$87.6m
SUP Superior Industries International
0.08x13.2%US$118.2m
CPS Cooper-Standard Holdings
0.04x12.4%US$94.7m
HZN Horizon Global
0.07xn/aUS$53.3m

Price-To-Sales vs Peers: HZN is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.2x).


Price to Earnings Ratio vs Industry

How does HZN's PE Ratio compare vs other companies in the US Auto Components Industry?

Price-To-Sales vs Industry: HZN is good value based on its Price-To-Sales Ratio (0.1x) compared to the US Auto Components industry average (0.6x)


Price to Sales Ratio vs Fair Ratio

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

HZN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.07x
Fair PS Ration/a

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


Share Price vs Fair Value

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

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

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


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HZN's PEG Ratio to determine if it is good value.


Discover undervalued companies

  • Take a look at our analysis of HZN's management and see if the CEO's compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don't know where to start, we recommend reading through Horizon Global regulatory filings.

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


23.4%

Forecasted Automobiles 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 Global 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.


Discover growth companies

  • Take a look at our analysis of HZN’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Horizon Global competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Horizon Global performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


7.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HZN is currently unprofitable.

Growing Profit Margin: HZN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HZN is unprofitable, but has reduced losses over the past 5 years at a rate of 7.3% per year.

Accelerating Growth: Unable to compare HZN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HZN is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (24.5%).


Return on Equity

High ROE: HZN's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Discover strong past performing companies

Financial Health

How is Horizon Global's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: HZN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: HZN has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: HZN has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: HZN's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: HZN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: HZN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 24.2% each year


Discover healthy companies

Dividend

What is Horizon Global current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate HZN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate HZN'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 HZN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HZN's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as HZN has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Terry Gohl (59 yo)

2.75yrs

Tenure

US$2,435,575

Compensation

Mr. Terrence G. Gohl, also known as Terry, serves as Chief Executive Officer and President at Horizon Global Corporation from September 23, 2019 and has been its Director since September 23, 2019. He was C...


CEO Compensation Analysis

Compensation vs Market: Terry's total compensation ($USD2.44M) is above average for companies of similar size in the US market ($USD748.70K).

Compensation vs Earnings: Terry's compensation has been consistent with company performance over the past year.


Leadership Team

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


Board Members

Experienced Board: HZN's board of directors are considered experienced (3.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HZN insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.


Top Shareholders

Company Information

Horizon Global Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Horizon Global Corporation
  • Ticker: HZN
  • Exchange: NYSE
  • Founded: 2015
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: US$53.012m
  • Shares outstanding: 27.61m
  • Website: https://www.horizonglobal.com

Number of Employees


Location

  • Horizon Global Corporation
  • 47912 Halyard Drive
  • Suite 100
  • Plymouth
  • Michigan
  • 48170
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.