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Horizon Global

DB:2H6
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2H6
DB
$54M
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

Horizon Global Corporation designs, manufactures, and distributes a range of towing, trailering, cargo management, and other related accessory products worldwide. The last earnings update was 22 days ago. More info.


Add to Portfolio Compare Print
  • Horizon Global has significant price volatility in the past 3 months.
2H6 Share Price and Events
7 Day Returns
11.3%
DB:2H6
-3.6%
DE Auto Components
-0.6%
DE Market
1 Year Returns
-6.7%
DB:2H6
-52.5%
DE Auto Components
-20.9%
DE Market
2H6 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Horizon Global (2H6) 11.3% -32.2% -38.1% -6.7% -83.7% -
DE Auto Components -3.6% -26.6% -44.8% -52.5% -66.5% -71.2%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • 2H6 outperformed the Auto Components industry which returned -52.5% over the past year.
  • 2H6 outperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
2H6
Industry
5yr Volatility vs Market

2H6 Value

 Is Horizon Global 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 Global. This is due to cash flow or dividend data being unavailable. The share price is €1.87.
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 Global's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Horizon Global's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2H6 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-4.30
NYSE:HZN Share Price ** NYSE (2020-04-06) in USD $2.12
Germany Auto Components Industry PE Ratio Median Figure of 9 Publicly-Listed Auto Components Companies 11.43x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

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

** Primary Listing of Horizon Global.

DB:2H6 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HZN Share Price ÷ EPS (both in USD)

= 2.12 ÷ -4.30

-0.49x

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

  • Horizon Global is loss making, we can't compare its value to the DE Auto Components industry average.
  • Horizon Global is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Horizon Global's expected growth come at a high price?
Raw Data
DB:2H6 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Germany Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.49x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*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 Global, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Horizon Global's assets?
Raw Data
DB:2H6 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $0.49
NYSE:HZN Share Price * NYSE (2020-04-06) in USD $2.12
Germany Auto Components Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Components Companies 0.69x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:2H6 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HZN Share Price ÷ Book Value per Share (both in USD)

= 2.12 ÷ 0.49

4.36x

* Primary Listing of Horizon Global.

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

  • Horizon Global is overvalued based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess Horizon Global'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 Auto Components 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 Auto Components industry average (and greater than 0)? (1 check)
  5. Horizon Global has a total score of 0/6, 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.

2H6 Future Performance

 How is Horizon Global expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
48.7%
Expected Auto Components industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Horizon Global expected to grow at an attractive rate?
  • Unable to compare Horizon Global's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Horizon Global's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Horizon Global's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:2H6 Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 48.7%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany 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
DB:2H6 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2H6 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 749 19 -24 1
2020-04-07
DB:2H6 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 690 -57 -109
2019-09-30 822 -59 -114
2019-06-30 838 -84 -114
2019-03-31 843 -81 -172
2018-12-31 714 -71 -218
2018-09-30 772 -50 -188
2018-06-30 818 -7 -144
2018-03-31 907 24 -51
2017-12-31 893 14 -4
2017-09-30 881 6 -5
2017-06-30 792 13 -11
2017-03-31 706 19 -24

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Horizon Global is high growth as no earnings estimate data is available.
  • Unable to determine if Horizon Global 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
DB:2H6 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Horizon Global Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2H6 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 -0.92 -0.92 -0.92 1.00
2020-04-07
DB:2H6 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -4.30
2019-09-30 -4.53
2019-06-30 -4.52
2019-03-31 -6.83
2018-12-31 -8.72
2018-09-30 -7.51
2018-06-30 -5.77
2018-03-31 -2.04
2017-12-31 -0.14
2017-09-30 -0.21
2017-06-30 -0.52
2017-03-31 -1.21

*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 Global will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Horizon Global'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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 Global 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.

2H6 Past Performance

  How has Horizon Global performed over the past 5 years?

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 Global's growth in the last year to its industry (Auto Components).
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 Global does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Horizon Global's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Horizon Global's 1-year growth to the DE Auto Components industry average as it is not currently profitable.
Earnings and Revenue History
Horizon Global'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 Global Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2H6 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 690.45 -108.77 145.68
2019-09-30 821.87 -114.28 127.15
2019-06-30 838.05 -113.91 122.79
2019-03-31 842.80 -171.55 142.51
2018-12-31 714.01 -218.42 132.42
2018-09-30 772.24 -187.71 162.53
2018-06-30 818.33 -143.95 175.13
2018-03-31 906.51 -51.20 162.82
2017-12-31 892.98 -3.55 160.32
2017-09-30 880.60 -4.96 161.22
2017-06-30 792.20 -11.48 145.60
2017-03-31 706.37 -24.41 141.45
2016-12-31 649.20 -12.36 135.90
2016-09-30 586.86 8.16 115.34
2016-06-30 588.48 14.14 112.96
2016-03-31 579.26 9.01 107.15
2015-12-31 575.51 8.30 112.67
2015-09-30 581.81 6.97 112.22
2015-06-30 586.33 5.83 113.28
2015-03-31 606.05 14.45 113.67
2014-12-31 611.78 15.35 113.82
2013-12-31 588.27 9.78 109.30

*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 Global 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 Global has efficiently used its assets last year compared to the DE Auto Components industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Horizon Global 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 Global'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 Auto Components 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 Global 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.

2H6 Health

 How is Horizon Global'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 Global's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Horizon Global is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Horizon Global's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Horizon Global'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.
  • Debt is covered by short term assets, assets are 1.1x debt.
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 Global Company Filings, last reported 3 months ago.

DB:2H6 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 8.60 209.36 11.77
2019-09-30 38.75 205.00 16.36
2019-06-30 -88.32 405.54 16.76
2019-03-31 -80.64 393.16 24.96
2018-12-31 -66.22 366.12 27.65
2018-09-30 -17.83 357.12 27.31
2018-06-30 15.08 323.73 28.89
2018-03-31 87.85 319.19 26.24
2017-12-31 140.40 283.42 29.57
2017-09-30 157.63 287.10 20.47
2017-06-30 150.83 284.22 39.57
2017-03-31 132.26 280.91 30.16
2016-12-31 32.06 349.94 50.24
2016-09-30 16.00 190.63 41.42
2016-06-30 13.79 196.77 31.04
2016-03-31 6.76 211.76 18.71
2015-12-31 2.00 188.74 23.52
2015-09-30 3.45 203.74 28.13
2015-06-30 2.00 210.37 17.05
2015-03-31 10.10 200.44 5.15
2014-12-31 188.19 0.14 5.72
2013-12-31 196.21 1.97 7.88
  • Horizon Global's level of debt (2434.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.2% vs 2434.4% today).
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.

  • Horizon Global has less than a year of cash runway based on current free cash flow.
  • Horizon Global has less than a year of cash runway if free cash flow continues to grow at historical rates of 62.6% each year.
X
Financial health checks
We assess Horizon Global'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 Global has a total score of 1/6, 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.

2H6 Dividends

 What is Horizon Global'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 Global dividends.
If you bought €2,000 of Horizon Global shares you are expected to receive €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 Global's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Horizon Global'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
DB:2H6 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 1 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 6.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:2H6 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2020-04-07

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

  • Unable to perform a dividend volatility check as Horizon Global has not reported any payouts.
  • Unable to verify if Horizon Global's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Horizon Global's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Horizon Global 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 Global's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Global afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Horizon Global 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.

2H6 Management

 What is the CEO of Horizon Global'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
Terry Gohl
AGE 57
TENURE AS CEO 0.6 years
CEO Bio

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 Chief Operating Officer at International Automotive Components Group, S. A. since February 2017 to June 2018 and served as its Chief Operating Officer of Cockpit & Overhead Systems Business since January 25, 2017 until September 18, 2017. Mr. Gohl served as President and Chief Executive Officer at Key Plastics L. L. C. From March 2009 to January 2017. Prior to joining Key Plastics, from 2004 to March 2009, Mr. Gohl served in various executive management and corporate officer roles with Visteon Corporation, a global automotive leader in cockpit electronics. From 1995 to 2005, Mr. Gohl held executive positions with Tower Automotive, an automotive manufacturer, and Lear Corporation, a global leading supplier of automotive seating and e-systems. Mr. Gohl has various global and regional manufacturing and operations leadership roles at tier-one suppliers, such as Visteon Corp. and Tower Automotive. He served as Vice President of Visteon Corp. from October 2008 to April 3, 2009 and served as its President of Interiors & Lighting Product Groups from October 2008 to April 3, 2009. Mr. Gohl served as Vice President of North American Manufacturing of Visteon Corp. since 2005 and also as its Vice President of Interiors, Lighting & Global Manufacturing Operations from July 2007 to October 2008. Mr. Gohl served as Senior Vice President of North American operations of Tower International, Inc. and served as its Vice President of North American operations since October 27, 2004. Prior to his role at Tower, he spent more than 10 years at Lear Corporation. He served as Vice President of Lear's North American operations with responsibility for 26 manufacturing locations, revenues of $2.1 billion and more than 10,000 employees. During his tenure at Lear, he served as Vice President of the Transnational Group and Interior System Division, among others. While at Lear, Mr. Gohl's responsibilities included leading the automotive supplier's North American operations, building manufacturing relationships in the Asia Pacific region and consolidating and standardizing interior and metal engineering activities. In addition, Mr. Gohl's prior experience includes engineering and sales positions with Automotive Industries Corporation, CSM Corporation and General Motors' Fisher Body Division. He holds a Bachelor of Science degree in Manufacturing Engineering and an Associate Degree in Plastics Engineering, both from Ferris State University, Mich.

CEO Compensation
  • Insufficient data for Terry to compare compensation growth.
  • Insufficient data for Terry to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Horizon Global management team in years:

0.4
Average Tenure
55
Average Age
  • The average tenure for the Horizon Global management team is less than 2 years, this suggests a new team.
Management Team

Jay Goldbaum

TITLE
General Counsel
COMPENSATION
$463K
AGE
37
TENURE
4.8 yrs

Terry Gohl

TITLE
CEO, President & Director
AGE
57
TENURE
0.6 yrs

Dennis Richardville

TITLE
Chief Financial Officer
AGE
64
TENURE
0.1 yrs

Matt Pollick

TITLE
Chief Operating Officer
AGE
47
TENURE
0.4 yrs

Matthew Meyer

TITLE
Chief Accounting Officer
AGE
37
TENURE
0.3 yrs

Jim Sistek

TITLE
Chief Administrative Officer
AGE
55
TENURE
0.3 yrs

Reiner Spatke

TITLE
President of Europe & Africa
TENURE
0.6 yrs

Richard Jok

TITLE
Interim Chief Financial Officer (Leave of Absence)
AGE
61

Lee Adelman

TITLE
Senior Vice President of Commercial for Americas
TENURE
0.2 yrs
Board of Directors Tenure

Average tenure and age of the Horizon Global board of directors in years:

1
Average Tenure
60
Average Age
  • The average tenure for the Horizon Global board of directors is less than 3 years, this suggests a new board.
Board of Directors

John Kennedy

TITLE
Independent Chairman of the Board
AGE
61
TENURE
1 yrs

Terry Gohl

TITLE
CEO, President & Director
AGE
57
TENURE
0.6 yrs

Dave Roberts

TITLE
Independent Director
COMPENSATION
$191K
AGE
71
TENURE
2.1 yrs

Fritz Henderson

TITLE
Independent Director
AGE
60
TENURE
1 yrs

Ryan Langdon

TITLE
Independent Director
AGE
46
TENURE
1 yrs

Brett Milgrim

TITLE
Independent Director
AGE
50
TENURE
1 yrs

Mark Weber

TITLE
Independent Director
AGE
61
TENURE
1 yrs

Harry Wilson

TITLE
Independent Director
AGE
47
TENURE
1 yrs

Deb Oler

TITLE
Director
AGE
64
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Horizon Global individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
31. Mar 20 Buy Terrence Gohl Individual 27. Mar 20 27. Mar 20 7,000 €1.88 €13,132
26. Mar 20 Buy John Kennedy Individual 24. Mar 20 25. Mar 20 25,000 €1.66 €41,374
24. Mar 20 Buy Matthew Pollick Individual 23. Mar 20 23. Mar 20 5,000 €1.25 €6,238
20. Dec 19 Sell Atlas Holdings LLC Company 12. Dec 19 19. Dec 19 -47,212 €3.17 €-148,986
11. Dec 19 Sell Atlas Holdings LLC Company 09. Dec 19 10. Dec 19 -25,825 €3.17 €-81,856
06. Dec 19 Sell Atlas Holdings LLC Company 04. Dec 19 06. Dec 19 -21,615 €3.18 €-68,716
03. Dec 19 Buy Harry Wilson Individual 29. Nov 19 03. Dec 19 3,700 €3.04 €11,128
02. Dec 19 Sell Atlas Holdings LLC Company 27. Nov 19 02. Dec 19 -88,202 €3.20 €-281,932
25. Nov 19 Buy John Kennedy Individual 21. Nov 19 22. Nov 19 44,747 €2.87 €128,215
22. Nov 19 Buy Harry Wilson Individual 20. Nov 19 22. Nov 19 25,114 €2.88 €71,055
22. Nov 19 Buy Frederick Henderson Individual 20. Nov 19 20. Nov 19 14,700 €3.03 €44,503
19. Nov 19 Buy Harry Wilson Individual 15. Nov 19 19. Nov 19 49,437 €3.17 €153,432
19. Nov 19 Buy John Kennedy Individual 14. Nov 19 19. Nov 19 76,774 €3.21 €241,862
18. Nov 19 Sell Atlas Holdings LLC Company 14. Nov 19 18. Nov 19 -85,018 €3.25 €-273,360
30. Aug 19 Buy Resurgent Capital LLC Company 20. Aug 19 23. Aug 19 61,107 €3.57 €212,245
28. Aug 19 Buy John Kennedy Individual 26. Aug 19 26. Aug 19 8,944 €3.59 €32,111
27. Aug 19 Buy Harry Wilson Individual 23. Aug 19 23. Aug 19 14,580 €3.55 €51,699
26. Aug 19 Buy John Kennedy Individual 23. Aug 19 23. Aug 19 49,750 €3.55 €176,856
23. Aug 19 Buy John Kennedy Individual 20. Aug 19 22. Aug 19 61,599 €3.60 €216,540
23. Aug 19 Buy Harry Wilson Individual 20. Aug 19 21. Aug 19 46,527 €3.52 €161,199
23. Aug 19 Buy Frederick Henderson Individual 20. Aug 19 20. Aug 19 15,000 €3.44 €51,532
17. May 19 Buy Frederick Henderson Individual 15. May 19 15. May 19 10,000 €3.21 €32,134
15. May 19 Buy Harry Wilson Individual 13. May 19 13. May 19 9,900 €2.72 €26,971
14. May 19 Buy Frederick Henderson Individual 10. May 19 13. May 19 15,000 €2.87 €40,135
X
Management checks
We assess Horizon Global'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 Global 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.

2H6 News

Simply Wall St News

2H6 Company Info

Description

Horizon Global Corporation designs, manufactures, and distributes a range of towing, trailering, cargo management, and other related accessory products worldwide. It operates through Horizon Americas and Horizon Europe-Africa segments. The company provides towing products, such as hitches, fifth wheels, gooseneck hitches, weight distribution systems, wiring harnesses, draw bars, ball mounts, crossbars, brake controls, security products, and other towing accessories for attaching a trailer, camper, etc. It also offers trailering products, including brake controls, jacks, winches, couplers, interior and exterior vehicle lighting, and brake replacement parts. In addition, the company provides cargo management products, such as bike racks, roof cross bar systems, cargo carriers, luggage boxes, car interior protective products, ropes, tie-downs, tarps, tarp straps, bungee cords, loading ramps, and interior travel organizers. Further, it offers other products comprising tubular push and sports bars, side steps, skid plates, and oil pans. Horizon Global Corporation provides its products under the Reese, Draw-Tite, and Westfalia, as well as Aqua Clear, Bulldog, BTM, DHF, Engetran, Fulton, Kovil, Reese Secure, Reese Explorer, Reese Power Sports, Reese Towpower, ROLA, Tekonsha, Trojan, WesBarg, Best Bars, and Witter Towbar brands. The company serves original equipment manufacturers and servicers, as well as automotive aftermarket and retail sectors in the agricultural, automotive, construction, fleet, horse/livestock, industrial, marine, military, recreational, trailer, utility, mining, and municipality markets; and serves end consumers through independent installers, warehouse distributors, dealers, original equipment channels, retail stores, and online retailers. Horizon Global Corporation was incorporated in 2015 is headquartered in Plymouth, Michigan.

Details
Name: Horizon Global Corporation
2H6
Exchange: DB
Founded: 2015
$49,781,979
25,394,253
Website: http://www.horizonglobal.com
Address: Horizon Global Corporation
47912 Halyard Drive,
Suite 100,
Plymouth,
Michigan, 48170,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HZN Common Stock New York Stock Exchange US USD 24. Jun 2015
DB 2H6 Common Stock Deutsche Boerse AG DE EUR 24. Jun 2015
Number of employees
Current staff
Staff numbers
3,600
Horizon Global employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 01:06
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/03/16
Last earnings filing: 2020/03/16
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.