HORIZON TECHNOLOGY FINANCE C (HRZN) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:HRZN • US44045A1025

6.62 USD
+0.17 (+2.64%)
At close: Feb 6, 2026
6.5783 USD
-0.04 (-0.63%)
Pre-Market: 2/9/2026, 8:22:55 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to HRZN. HRZN was compared to 238 industry peers in the Capital Markets industry. Both the profitability and financial health of HRZN have multiple concerns. HRZN is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

  • HRZN had positive earnings in the past year.
  • In the past year HRZN had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: HRZN reported negative net income in multiple years.
  • In the past 5 years HRZN reported 4 times negative operating cash flow.
HRZN Yearly Net Income VS EBIT VS OCF VS FCFHRZN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M -100M -150M -200M

1.2 Ratios

  • The Return On Assets of HRZN (-3.15%) is worse than 79.83% of its industry peers.
  • The Return On Equity of HRZN (-7.58%) is worse than 74.79% of its industry peers.
Industry RankSector Rank
ROA -3.15%
ROE -7.58%
ROIC N/A
ROA(3y)-0.02%
ROA(5y)1.38%
ROE(3y)-0.11%
ROE(5y)2.8%
ROIC(3y)N/A
ROIC(5y)N/A
HRZN Yearly ROA, ROE, ROICHRZN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10

1.3 Margins

  • The Profit Margin and Operating Margin and Gross Margin are not available for HRZN so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
HRZN Yearly Profit, Operating, Gross MarginsHRZN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • HRZN has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for HRZN has been increased compared to 5 years ago.
  • The debt/assets ratio for HRZN has been reduced compared to a year ago.
HRZN Yearly Shares OutstandingHRZN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
HRZN Yearly Total Debt VS Total AssetsHRZN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.2 Solvency

  • HRZN has an Altman-Z score of -0.07. This is a bad value and indicates that HRZN is not financially healthy and even has some risk of bankruptcy.
  • HRZN's Altman-Z score of -0.07 is on the low side compared to the rest of the industry. HRZN is outperformed by 76.47% of its industry peers.
  • The Debt to FCF ratio of HRZN is 6.96, which is on the high side as it means it would take HRZN, 6.96 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of HRZN (6.96) is better than 65.13% of its industry peers.
  • HRZN has a Debt/Equity ratio of 0.99. This is a neutral value indicating HRZN is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.99, HRZN perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.99
Debt/FCF 6.96
Altman-Z -0.07
ROIC/WACCN/A
WACCN/A
HRZN Yearly LT Debt VS Equity VS FCFHRZN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M

2.3 Liquidity

  • A Current Ratio of 1.10 indicates that HRZN should not have too much problems paying its short term obligations.
  • The Current ratio of HRZN (1.10) is comparable to the rest of the industry.
  • A Quick Ratio of 1.10 indicates that HRZN should not have too much problems paying its short term obligations.
  • HRZN has a Quick ratio of 1.10. This is comparable to the rest of the industry: HRZN outperforms 51.68% of its industry peers.
Industry RankSector Rank
Current Ratio 1.1
Quick Ratio 1.1
HRZN Yearly Current Assets VS Current LiabilitesHRZN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • HRZN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -25.17%.
  • HRZN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.38% yearly.
  • The Revenue for HRZN has decreased by -37.23% in the past year. This is quite bad
  • The Revenue has been growing slightly by 1.98% on average over the past years.
EPS 1Y (TTM)-25.17%
EPS 3Y-1.7%
EPS 5Y-2.38%
EPS Q2Q%-3.13%
Revenue 1Y (TTM)-37.23%
Revenue growth 3Y-8.13%
Revenue growth 5Y1.98%
Sales Q2Q%7.14%

3.2 Future

  • The Earnings Per Share is expected to decrease by -9.18% on average over the next years.
  • HRZN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.29% yearly.
EPS Next Y-11.8%
EPS Next 2Y-12.07%
EPS Next 3Y-9.18%
EPS Next 5YN/A
Revenue Next Year-1.3%
Revenue Next 2Y5.2%
Revenue Next 3Y12.29%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
HRZN Yearly Revenue VS EstimatesHRZN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M
HRZN Yearly EPS VS EstimatesHRZN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2

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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 5.86 indicates a rather cheap valuation of HRZN.
  • Based on the Price/Earnings ratio, HRZN is valued cheaply inside the industry as 85.71% of the companies are valued more expensively.
  • HRZN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.93.
  • Based on the Price/Forward Earnings ratio of 6.44, the valuation of HRZN can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, HRZN is valued cheaper than 90.34% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.77. HRZN is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 5.86
Fwd PE 6.44
HRZN Price Earnings VS Forward Price EarningsHRZN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, HRZN is valued cheaper than 86.55% of the companies in the same industry.
Industry RankSector Rank
P/FCF 4.82
EV/EBITDA N/A
HRZN Per share dataHRZN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • A cheap valuation may be justified as HRZN's earnings are expected to decrease with -9.18% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-12.07%
EPS Next 3Y-9.18%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • HRZN has a Yearly Dividend Yield of 11.74%, which is a nice return.
  • Compared to an average industry Dividend Yield of 6.13, HRZN pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.81, HRZN pays a better dividend.
Industry RankSector Rank
Dividend Yield 11.74%

5.2 History

  • The dividend of HRZN has a limited annual growth rate of 1.93%.
  • HRZN has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)1.93%
Div Incr Years0
Div Non Decr Years0
HRZN Yearly Dividends per shareHRZN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1

5.3 Sustainability

  • The earnings of HRZN are negative and hence is the payout ratio. HRZN will probably not be able to sustain this dividend level.
DP-213.78%
EPS Next 2Y-12.07%
EPS Next 3Y-9.18%
HRZN Yearly Income VS Free CF VS DividendHRZN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M -100M -150M -200M

More info and screens

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HORIZON TECHNOLOGY FINANCE C

NASDAQ:HRZN (2/6/2026, 8:00:01 PM)

Premarket: 6.5783 -0.04 (-0.63%)

6.62

+0.17 (+2.64%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)10-28
Earnings (Next)03-02
Inst Owners8.24%
Inst Owner Change-3.05%
Ins Owners1.18%
Ins Owner Change0%
Market Cap293.80M
Revenue(TTM)30.43M
Net Income(TTM)-23.92M
Analysts50.91
Price Target6.94 (4.83%)
Short Float %7.77%
Short Ratio4.6
Dividend
Industry RankSector Rank
Dividend Yield 11.74%
Yearly Dividend1.27
Dividend Growth(5Y)1.93%
DP-213.78%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-17
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.27%
Min EPS beat(2)-1.3%
Max EPS beat(2)9.85%
EPS beat(4)1
Avg EPS beat(4)-6.77%
Min EPS beat(4)-18.73%
Max EPS beat(4)9.85%
EPS beat(8)1
Avg EPS beat(8)-5.35%
EPS beat(12)5
Avg EPS beat(12)2.2%
EPS beat(16)8
Avg EPS beat(16)2.59%
Revenue beat(2)1
Avg Revenue beat(2)2.61%
Min Revenue beat(2)-2.03%
Max Revenue beat(2)7.24%
Revenue beat(4)1
Avg Revenue beat(4)-3.6%
Min Revenue beat(4)-10.13%
Max Revenue beat(4)7.24%
Revenue beat(8)1
Avg Revenue beat(8)-3.12%
Revenue beat(12)4
Avg Revenue beat(12)-3.59%
Revenue beat(16)5
Avg Revenue beat(16)-6.35%
PT rev (1m)-0.49%
PT rev (3m)2.64%
EPS NQ rev (1m)-0.57%
EPS NQ rev (3m)-2.03%
EPS NY rev (1m)0%
EPS NY rev (3m)1.17%
Revenue NQ rev (1m)-0.91%
Revenue NQ rev (3m)1.72%
Revenue NY rev (1m)-0.18%
Revenue NY rev (3m)1.97%
Valuation
Industry RankSector Rank
PE 5.86
Fwd PE 6.44
P/S 9.66
P/FCF 4.82
P/OCF 4.82
P/B 0.93
P/tB 0.93
EV/EBITDA N/A
EPS(TTM)1.13
EY17.07%
EPS(NY)1.03
Fwd EY15.53%
FCF(TTM)1.37
FCFY20.74%
OCF(TTM)1.37
OCFY20.74%
SpS0.69
BVpS7.11
TBVpS7.11
PEG (NY)N/A
PEG (5Y)N/A
Graham Number13.45
Profitability
Industry RankSector Rank
ROA -3.15%
ROE -7.58%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM 200.22%
ROA(3y)-0.02%
ROA(5y)1.38%
ROE(3y)-0.11%
ROE(5y)2.8%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.99
Debt/FCF 6.96
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.1
Quick Ratio 1.1
Altman-Z -0.07
F-Score3
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-25.17%
EPS 3Y-1.7%
EPS 5Y-2.38%
EPS Q2Q%-3.13%
EPS Next Y-11.8%
EPS Next 2Y-12.07%
EPS Next 3Y-9.18%
EPS Next 5YN/A
Revenue 1Y (TTM)-37.23%
Revenue growth 3Y-8.13%
Revenue growth 5Y1.98%
Sales Q2Q%7.14%
Revenue Next Year-1.3%
Revenue Next 2Y5.2%
Revenue Next 3Y12.29%
Revenue Next 5YN/A
EBIT growth 1Y-1132.33%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y159.78%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y159.78%
OCF growth 3YN/A
OCF growth 5YN/A

HORIZON TECHNOLOGY FINANCE C / HRZN FAQ

What is the fundamental rating for HRZN stock?

ChartMill assigns a fundamental rating of 3 / 10 to HRZN.


What is the valuation status for HRZN stock?

ChartMill assigns a valuation rating of 6 / 10 to HORIZON TECHNOLOGY FINANCE C (HRZN). This can be considered as Fairly Valued.


Can you provide the profitability details for HORIZON TECHNOLOGY FINANCE C?

HORIZON TECHNOLOGY FINANCE C (HRZN) has a profitability rating of 1 / 10.


What is the valuation of HORIZON TECHNOLOGY FINANCE C based on its PE and PB ratios?

The Price/Earnings (PE) ratio for HORIZON TECHNOLOGY FINANCE C (HRZN) is 5.86 and the Price/Book (PB) ratio is 0.93.


Can you provide the dividend sustainability for HRZN stock?

The dividend rating of HORIZON TECHNOLOGY FINANCE C (HRZN) is 5 / 10 and the dividend payout ratio is -213.78%.