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Horizon Minerals

CHIA:HRZ
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HRZ
CHIA
A$27M
Market Cap
  1. Home
  2. AU
  3. Materials
Company description

Horizon Minerals Limited engages in the exploration and development of mineral properties in Australia. The last earnings update was 195 days ago. More info.


Add to Portfolio Compare Print
  • Horizon Minerals has significant price volatility in the past 3 months.
HRZ Share Price and Events
7 Day Returns
-23.1%
CHIA:HRZ
5.6%
AU Metals and Mining
-0.3%
AU Market
1 Year Returns
-50%
CHIA:HRZ
-16.2%
AU Metals and Mining
-17.5%
AU Market
HRZ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Horizon Minerals (HRZ) -23.1% -23.1% - -50% -45.5% -
AU Metals and Mining 5.6% 6.9% -19.1% -16.2% 13.5% 31.6%
AU Market -0.3% -9.4% -24.9% -17.5% -15.5% -14.7%
1 Year Return vs Industry and Market
  • HRZ underperformed the Metals and Mining industry which returned -16.2% over the past year.
  • HRZ underperformed the Market in Australia which returned -17.5% over the past year.
Price Volatility
HRZ
Industry
5yr Volatility vs Market

HRZ Value

 Is Horizon Minerals undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Horizon Minerals. This is due to cash flow or dividend data being unavailable. The share price is A$0.06.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Horizon Minerals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Horizon Minerals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CHIA:HRZ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$-0.01
ASX:HRZ Share Price ** ASX (2020-04-09) in AUD A$0.06
Australia Metals and Mining Industry PE Ratio Median Figure of 76 Publicly-Listed Metals and Mining Companies 8.46x
Australia Market PE Ratio Median Figure of 515 Publicly-Listed Companies 13.52x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Horizon Minerals.

CHIA:HRZ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:HRZ Share Price ÷ EPS (both in AUD)

= 0.06 ÷ -0.01

-4.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Horizon Minerals is loss making, we can't compare its value to the AU Metals and Mining industry average.
  • Horizon Minerals is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Horizon Minerals's expected growth come at a high price?
Raw Data
CHIA:HRZ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Metals and Mining Industry PEG Ratio Median Figure of 41 Publicly-Listed Metals and Mining Companies 0.36x
Australia Market PEG Ratio Median Figure of 337 Publicly-Listed Companies 1.04x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Horizon Minerals, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Horizon Minerals's assets?
Raw Data
CHIA:HRZ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.10
ASX:HRZ Share Price * ASX (2020-04-09) in AUD A$0.06
Australia Metals and Mining Industry PB Ratio Median Figure of 555 Publicly-Listed Metals and Mining Companies 1.09x
Australia Market PB Ratio Median Figure of 1,614 Publicly-Listed Companies 1.32x
CHIA:HRZ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:HRZ Share Price ÷ Book Value per Share (both in AUD)

= 0.06 ÷ 0.10

0.6x

* Primary Listing of Horizon Minerals.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Horizon Minerals is good value based on assets compared to the AU Metals and Mining industry average.
X
Value checks
We assess Horizon Minerals's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Horizon Minerals has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HRZ Future Performance

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

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 Minerals 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.1%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Horizon Minerals expected to grow at an attractive rate?
  • Unable to compare Horizon Minerals's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Horizon Minerals's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Horizon Minerals's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CHIA:HRZ Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 0.1%
Australia Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1%
Australia Market Earnings Growth Rate Market Cap Weighted Average 10.5%
Australia Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
CHIA:HRZ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CHIA:HRZ Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 0 -5 -3
2019-03-31 8 0 -1
2018-12-31 16 4 1
2018-09-30 22 9 2
2018-06-30 27 13 4
2018-03-31 24 10 3
2017-12-31 22 6 3
2017-09-30 16 4 1
2017-06-30 10 1 0
2017-03-31 5 0 -2
2016-12-31 0 0 -3
2016-09-30 0 0 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Horizon Minerals is high growth as no earnings estimate data is available.
  • Unable to determine if Horizon Minerals is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
CHIA:HRZ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Horizon Minerals Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CHIA:HRZ Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 -0.01
2019-03-31 0.00
2018-12-31 0.01
2018-09-30 0.01
2018-06-30 0.02
2018-03-31 0.02
2017-12-31 0.01
2017-09-30 0.01
2017-06-30 0.00
2017-03-31 -0.01
2016-12-31 -0.02
2016-09-30 -0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Horizon Minerals will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Horizon Minerals'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.
  2. Horizon Minerals's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Horizon Minerals's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Horizon Minerals has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HRZ Past Performance

  How has Horizon Minerals performed over the past 5 years?

  • Horizon Minerals's last earnings update was 195 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Horizon Minerals's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Horizon Minerals does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Horizon Minerals's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Horizon Minerals's 1-year growth to the AU Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Horizon Minerals's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Horizon Minerals Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CHIA:HRZ Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 0.24 -3.13 1.28
2019-03-31 7.92 -1.06 1.50
2018-12-31 15.75 1.02 1.72
2018-09-30 21.56 2.27 1.53
2018-06-30 27.21 3.52 1.34
2018-03-31 24.47 3.07 1.34
2017-12-31 21.74 2.62 1.33
2017-09-30 15.84 1.12 1.14
2017-06-30 9.94 -0.39 0.96
2017-03-31 4.97 -1.71 0.64
2016-12-31 0.01 -3.02 0.32
2016-09-30 0.01 -3.01 0.32
2016-06-30 0.02 -3.00 0.31
2016-03-31 0.01 -1.29 0.35
2015-12-31 0.01 0.43 0.39
2015-09-30 0.00 -0.20 0.41
2015-06-30 -0.83 0.43
2015-03-31 -0.01 -0.89 0.43
2014-12-31 -0.01 -0.94 0.43
2014-09-30 -0.01 1.09 0.45
2014-06-30 3.12 0.47
2014-03-31 -0.01 1.23 0.51
2013-12-31 -0.03 -0.66 0.55
2013-09-30 -0.01 -1.25 0.54
2013-06-30 -1.83 0.53

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Horizon Minerals has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Horizon Minerals has efficiently used its assets last year compared to the AU Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Horizon Minerals improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Horizon Minerals's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Horizon Minerals has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HRZ Health

 How is Horizon Minerals's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Horizon Minerals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Horizon Minerals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Horizon Minerals's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Horizon Minerals's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Horizon Minerals has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Horizon Minerals Company Filings, last reported 9 months ago.

CHIA:HRZ Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 43.03 0.00 4.97
2019-03-31 43.03 0.00 4.97
2018-12-31 24.38 0.00 6.28
2018-09-30 24.38 0.00 6.28
2018-06-30 23.67 0.00 10.31
2018-03-31 23.67 0.00 10.31
2017-12-31 21.64 0.00 6.84
2017-09-30 21.64 0.00 6.84
2017-06-30 19.26 0.00 3.10
2017-03-31 19.26 0.00 3.10
2016-12-31 16.02 0.00 3.31
2016-09-30 16.02 0.00 3.31
2016-06-30 13.38 0.00 1.99
2016-03-31 13.38 0.00 1.99
2015-12-31 14.98 0.00 1.96
2015-09-30 14.98 0.00 1.96
2015-06-30 14.07 0.66 0.98
2015-03-31 14.07 0.66 0.98
2014-12-31 12.65 0.86 0.62
2014-09-30 12.65 0.86 0.62
2014-06-30 14.90 0.86 1.03
2014-03-31 14.90 0.86 1.03
2013-12-31 13.59 0.62 0.65
2013-09-30 13.59 0.62 0.65
2013-06-30 11.78 0.77 1.95
  • Horizon Minerals has no debt.
  • Horizon Minerals has no debt compared to 5 years ago when it was 5.8%.
  • Horizon Minerals has no debt, it does not need to be covered by operating cash flow.
  • Horizon Minerals has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Horizon Minerals's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Horizon Minerals has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HRZ Dividends

 What is Horizon Minerals's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Horizon Minerals dividends.
If you bought A$2,000 of Horizon Minerals shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Horizon Minerals's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Horizon Minerals's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
CHIA:HRZ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 39 Stocks 5.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 365 Stocks 5.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 3%
Australia Top 25% Dividend Yield 75th Percentile 7.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Horizon Minerals has not reported any payouts.
  • Unable to verify if Horizon Minerals's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Horizon Minerals's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Horizon Minerals has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Horizon Minerals's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Horizon Minerals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Horizon Minerals has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HRZ Management

 What is the CEO of Horizon Minerals's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jon Price
COMPENSATION A$513,063
TENURE AS CEO 4.3 years
CEO Bio

Mr. Jonathan Paul Price, also known as Jon, MAusIMM, MAICD, serves as Non-Executive Director at Kingwest Resources Ltd. since September 2019. He has been Managing Director and Executive Director of Horizon Minerals Limited (formerly Intermin Resources Limited)since June 1, 2016. He has been Director of MacPhersons Resources Limited since June 14, 2019. Mr. Price served as the Managing Director of Phoenix Gold Limited until May 8, 2015. Mr. Price is a metallurgist and minerals economist. He served in various gold and advanced mineral operations including general manager of the Paddington gold and St Ives gold operations in the Western Australian goldfields. He has experience in Australia and overseas across all aspects of the industry including exploration, development, and construction and mining operations in the gold and advanced minerals sectors. He oversaw the reconsolidation of underexplored tenure in the Western Australian goldfields and realised significant exploration success. He has developed new open cut and underground operations near Kalgoorlie and project managed milling and heap leaching projects in Australia and overseas. Previously, he served as a General Manager of Norton Gold Fields Limited's Paddington gold operations and prior to that, General Manager of Goldfields limited’s St Ives gold mine. Mr. Price serves as a Director of Phoenix Minerals Pty Ltd. He served as a Director of Phoenix Gold Limited until May 8, 2015. He is a member of AusIMM and the AICD. He graduated as a metallurgist and holds a Masters in Mineral Economics from the Western Australian School of Mines. He holds Grad Dip (Mineral Science).

CEO Compensation
  • Jon's compensation has increased whilst company is loss making.
  • Jon's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Horizon Minerals management team in years:

4.3
Average Tenure
  • The tenure for the Horizon Minerals management team is about average.
Management Team

Jon Price

TITLE
MD & Director
COMPENSATION
A$513K
TENURE
4.3 yrs

Grant Haywood

TITLE
Chief Operations Officer
COMPENSATION
A$405K
TENURE
2.3 yrs

David O'Farrell

TITLE
Exploration Manager

Bianca Taveira

TITLE
Company Secretary
COMPENSATION
A$44K
TENURE
10.2 yrs
Board of Directors Tenure

Average tenure of the Horizon Minerals board of directors in years:

2.1
Average Tenure
  • The average tenure for the Horizon Minerals board of directors is less than 3 years, this suggests a new board.
Board of Directors

Peter Bilbe

TITLE
Non–Executive Chairman
COMPENSATION
A$110K
AGE
69
TENURE
3.4 yrs

Jon Price

TITLE
MD & Director
COMPENSATION
A$513K
TENURE
4.3 yrs

Ashok Parekh

TITLE
Non-Executive Director
COMPENSATION
A$6K
TENURE
0.8 yrs

Jeff Williams

TITLE
Non-Executive Director
COMPENSATION
A$6K
AGE
65
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
23. Aug 19 Sell Jonathan Price Individual 22. Aug 19 22. Aug 19 -200,000 A$0.14 A$-29,000
09. Aug 19 Sell Jonathan Price Individual 08. Aug 19 08. Aug 19 -118,493 A$0.14 A$-16,589
21. Jun 19 Sell Tyson Resources Pty Ltd Company 10. Apr 18 18. Jun 19 -965,000 A$0.14 A$-131,514
21. Jun 19 Buy Tyson Resources Pty Ltd Company 10. Apr 18 18. Jun 19 137,160 A$0.13 A$17,692
21. Jun 19 Buy Michael Ruane Individual 10. Apr 18 18. Jun 19 4,000,000 A$0.11 A$455,999
21. Jun 19 Sell Michael Ruane Individual 10. Apr 18 18. Jun 19 -2,258,078 A$0.17 A$-381,457
21. Jun 19 Buy Michael Ruane Individual 10. Apr 18 18. Jun 19 897,722 A$0.10 A$87,065
X
Management checks
We assess Horizon Minerals's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Horizon Minerals has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HRZ News

Simply Wall St News

HRZ Company Info

Description

Horizon Minerals Limited engages in the exploration and development of mineral properties in Australia. The company explores for gold, nickel, copper, vanadium, molybdenum, silver, and zinc deposits. It operates 100% owned gold projects in the Kalgoorlie and Coolgardie regions; and has joint ventures at the Nanadie Well copper-nickel project and the Richmond vanadium project located in Queensland. The company was formerly known as Intermin Resources Limited and changed its name to Horizon Minerals Limited in July 2019. Horizon Minerals Limited was incorporated in 1974 and is based in Nedlands, Australia.

Details
Name: Horizon Minerals Limited
HRZ
Exchange: CHIA
Founded: 1974
A$26,962,437
427,975,200
Website: http://www.horizonminerals.com.au
Address: Horizon Minerals Limited
163-167 Stirling Highway,
Nedlands,
Western Australia, 6009,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX HRZ Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
CHIA HRZ Ordinary Shares Chi-X Australia AU AUD 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
Horizon Minerals employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 11:02
End of day share price update: 2020/04/09 00:00
Last earnings filing: 2019/09/27
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.