HRZ Relative Valuation - Horizon Minerals Ltd

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Price: 0.875 AUD -6.42%

Market Cap: AU$224.4m

	Horizon Minerals Ltd ASX:HRZ	AU

Multiples-Based Value

The Multiples-Based Value for Horizon Minerals Ltd (HRZ) under the Base Case is 2.738 AUD. Compared with the current market price of 0.875 AUD, the stock appears Undervalued by 68%.

Multiples-Based Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Multiples-Based Value calculated?

HRZ Multiples-Based Value

Base Case

Undervaluation 68%

Multiples-Based Value

Price AU$0.875

Worst Case

Base Case

Best Case

Valuation Multiples

View Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
AU		Horizon Minerals Ltd ASX:HRZ	224.4m AUD	4.9	-7.5	-16.7	-16.7
RU	P	Polyus PJSC LSE:PLZL	70.4T USD	11 233.1	34 959.7	19 286.2	22 132.2
ZA	G	Gold Fields Ltd JSE:GFI	729.3B ZAR	5.2	12.7	7.8	9.2
ZA	H	Harmony Gold Mining Company Ltd JSE:HAR	172.6B ZAR	2.1	10.6	5.3	6.5
CN		Zijin Mining Group Co Ltd SSE:601899	908B CNY	2.5	17	12.5	12.5
US		Newmont Corporation NYSE:NEM	124.2B USD	5.5	17.5	9	11.1
CA		Agnico Eagle Mines Ltd TSX:AEM	146B CAD	8.9	23.7	13	16.3
CA		Barrick Gold Corp TSX:ABX	98.3B CAD	4.2	14.3	7	8.6
CA		Barrick Mining Corp F:ABR0	61B EUR	4.2	14.3	7	8.6
CA		Wheaton Precious Metals Corp TSX:WPM	85.7B CAD	27	42.5	32.5	38.8
HK	Z	Zijin Gold International Co Ltd HKEX:2259	487.4B HKD	11.2	37.6	18.2	21

				Revenue Growth	P/S to Growth
AU		Horizon Minerals Ltd ASX:HRZ	Average P/S: 1 028.1 4.9	N/A	N/A
RU	P	Polyus PJSC LSE:PLZL	11 233.1	N/A	N/A
ZA	G	Gold Fields Ltd JSE:GFI	5.2	13%	0.4
ZA	H	Harmony Gold Mining Company Ltd JSE:HAR	2.1	20%	0.1
CN		Zijin Mining Group Co Ltd SSE:601899	2.5	N/A	N/A
US		Newmont Corporation NYSE:NEM	5.5	10%	0.5
CA		Agnico Eagle Mines Ltd TSX:AEM	8.9	11%	0.8
CA		Barrick Gold Corp TSX:ABX	4.2	15%	0.3
CA		Barrick Mining Corp F:ABR0	4.2	15%	0.3
CA		Wheaton Precious Metals Corp TSX:WPM	27	8%	3.4
HK	Z	Zijin Gold International Co Ltd HKEX:2259	11.2	N/A	N/A

				Earnings Growth	PEG
AU		Horizon Minerals Ltd ASX:HRZ	Average P/E: 3 515 Negative Multiple: -7.5	N/A	N/A
RU	P	Polyus PJSC LSE:PLZL	34 959.7	N/A	N/A
ZA	G	Gold Fields Ltd JSE:GFI	12.7	14%	0.9
ZA	H	Harmony Gold Mining Company Ltd JSE:HAR	10.6	51%	0.2
CN		Zijin Mining Group Co Ltd SSE:601899	17	N/A	N/A
US		Newmont Corporation NYSE:NEM	17.5	16%	1.1
CA		Agnico Eagle Mines Ltd TSX:AEM	23.7	13%	1.8
CA		Barrick Gold Corp TSX:ABX	14.3	17%	0.8
CA		Barrick Mining Corp F:ABR0	14.3	17%	0.8
CA		Wheaton Precious Metals Corp TSX:WPM	42.5	4%	10.6
HK	Z	Zijin Gold International Co Ltd HKEX:2259	37.6	N/A	N/A

				EBITDA Growth	EV/EBITDA to Growth
AU		Horizon Minerals Ltd ASX:HRZ	Average EV/EBITDA: 1 939.8 Negative Multiple: -16.7	N/A	N/A
RU	P	Polyus PJSC LSE:PLZL	19 286.2	N/A	N/A
ZA	G	Gold Fields Ltd JSE:GFI	7.8	16%	0.5
ZA	H	Harmony Gold Mining Company Ltd JSE:HAR	5.3	34%	0.2
CN		Zijin Mining Group Co Ltd SSE:601899	12.5	N/A	N/A
US		Newmont Corporation NYSE:NEM	9	11%	0.8
CA		Agnico Eagle Mines Ltd TSX:AEM	13	14%	0.9
CA		Barrick Gold Corp TSX:ABX	7	21%	0.3
CA		Barrick Mining Corp F:ABR0	7	21%	0.3
CA		Wheaton Precious Metals Corp TSX:WPM	32.5	7%	4.6
HK	Z	Zijin Gold International Co Ltd HKEX:2259	18.2	N/A	N/A

				EBIT Growth	EV/EBIT to Growth
AU		Horizon Minerals Ltd ASX:HRZ	Average EV/EBIT: 2 226.5 Negative Multiple: -16.7	N/A	N/A
RU	P	Polyus PJSC LSE:PLZL	22 132.2	N/A	N/A
ZA	G	Gold Fields Ltd JSE:GFI	9.2	11%	0.8
ZA	H	Harmony Gold Mining Company Ltd JSE:HAR	6.5	37%	0.2
CN		Zijin Mining Group Co Ltd SSE:601899	12.5	N/A	N/A
US		Newmont Corporation NYSE:NEM	11.1	17%	0.7
CA		Agnico Eagle Mines Ltd TSX:AEM	16.3	17%	1
CA		Barrick Gold Corp TSX:ABX	8.6	23%	0.4
CA		Barrick Mining Corp F:ABR0	8.6	23%	0.4
CA		Wheaton Precious Metals Corp TSX:WPM	38.8	11%	3.5
HK	Z	Zijin Gold International Co Ltd HKEX:2259	21	N/A	N/A

Horizon Minerals Ltd
ASX:HRZ

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

HRZ Competitors Multiples
Horizon Minerals Ltd Competitors

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Stocks

Horizon Minerals Ltd ASX:HRZ

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

HRZ Competitors Multiples Horizon Minerals Ltd Competitors

See Also

Company

Help

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Stocks

Horizon Minerals Ltd
ASX:HRZ

HRZ Competitors Multiples
Horizon Minerals Ltd Competitors