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
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
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
is considered below, and whether this is a fair price.
Price based on past earnings
Horizon Minerals's earnings available for a low price, and how does
this compare to other companies in the same industry?
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
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
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
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.
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.
Horizon Minerals's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Metals and Mining
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
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.
A company's financial position is much like your own financial position,
it includes everything you own
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.
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.
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
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.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
TENURE AS CEO
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).
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
management team in years:
The tenure for the Horizon Minerals management team is about average.
MD & Director
Chief Operations Officer
Board of Directors Tenure
Average tenure of the
board of directors in years:
The average tenure for the Horizon Minerals board of directors is less than 3 years, this suggests a new board.
Board of Directors
MD & Director
Who owns this company?
Recent Insider Trading
No 3 month open market individual insider trading information.
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.
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.