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Horizon Oil Ltd
ASX:HZN

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Horizon Oil Ltd
ASX:HZN
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Price: 0.24 AUD Market Closed
Market Cap: AU$390.6m

EV/EBIT

20.9
Current
371%
More Expensive
vs 3-y average of 4.4

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
20.9
=
Enterprise Value
AU$460.9m
/
EBIT
$12.8m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
20.9
=
Enterprise Value
AU$460.9m
/
EBIT
$12.8m

Valuation Scenarios

Horizon Oil Ltd is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (4.4), the stock would be worth AU$0.05 (79% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-86%
Maximum Upside
No Upside Scenarios
Average Downside
64%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 20.9 AU$0.24
0%
3-Year Average 4.4 AU$0.05
-79%
5-Year Average 2.8 AU$0.03
-86%
Industry Average 6.2 AU$0.07
-70%
Country Average 16.8 AU$0.19
-20%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
AU$460.9m
/
Jan 2026
$12.8m
=
20.9
Current
AU$460.9m
/
Jun 2026
$67.1m
=
6.9
Forward
AU$460.9m
/
Jun 2027
$49.6m
=
9.3
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
AU
Horizon Oil Ltd
ASX:HZN
391.3m AUD 20.9 33.7
CN
CNOOC Ltd
SSE:600938
1T CNY 5 8.6
US
Conocophillips
NYSE:COP
149.2B USD 14.6 18.7
CA
Canadian Natural Resources Ltd
TSX:CNQ
129.5B CAD 14.3 11.5
US
EOG Resources Inc
NYSE:EOG
71.6B USD 10.5 14.4
PK
Oil and Gas Development Co Ltd
LSE:37OC
59.6B USD 99.6 103.8
US
Diamondback Energy Inc
NASDAQ:FANG
55.4B USD 14 33.5
US
Hess Corp
NYSE:HES
46.1B USD 13.4 20.7
US
Pioneer Natural Resources Co
LSE:0KIX
46B USD 7.8 9.4
AU
Woodside Energy Group Ltd
ASX:WDS
62B AUD 14 15.4
US
Venture Global Inc
NYSE:VG
38.5B USD 11.8 13

Market Distribution

In line with most companies in Australia
Percentile
64rd
Based on 1 236 companies
64rd percentile
20.9
Low
0 — 10.7
Typical Range
10.7 — 24.5
High
24.5 —
Distribution Statistics
Australia
Min 0
30th Percentile 10.7
Median 16.8
70th Percentile 24.5
Max 6 797.5

Horizon Oil Ltd
Glance View

Market Cap
390.6m AUD
Industry
Energy

Horizon Oil Ltd. is an oil and petroleum exploration, development and production company. The company is headquartered in Woolloomooloo, New South Wales and currently employs 16 full-time employees. The Company’s segments include New Zealand Exploration, Development and Production, and China Exploration, Development and Production. The New Zealand Exploration, Development and Production segment produces crude oil from the Maari/Manaia fields and the exploration and evaluation of hydrocarbons within the permit. The Maari and Manaia producing oil fields are located in the Taranaki Basin in the Tasman Sea, 80 kilometers offshore the Taranaki coast in approximately 100 meters of water. The China Exploration and Development segment is engaged in the Block 22/12- Weizhou (WZ) 6-12 and WZ 12-8W oil field development and in the exploration and evaluation of hydrocarbons within Block 22/12.

HZN Intrinsic Value
2.29 AUD
Undervaluation 90%
Intrinsic Value
Price AU$0.24
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