6.65 USD
+0.01 (+0.15%)
6.75 USD
+0.1 (+1.5%)
Taking everything into account, HRZN scores 3 out of 10 in our fundamental rating. HRZN was compared to 238 industry peers in the Capital Markets industry. Both the profitability and financial health of HRZN have multiple concerns. HRZN has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year HRZN was profitable.
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.
HRZN had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
HRZN's Return On Assets of -3.15% is on the low side compared to the rest of the industry. HRZN is outperformed by 77.73% of its industry peers.
Looking at the Return On Equity, with a value of -7.58%, HRZN is doing worse than 76.05% of the companies in the same industry.
| Industry Rank | Sector 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
1.3 Margins
HRZN does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector 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
2. Health
2.1 Basic Checks
Compared to 1 year ago, HRZN has more shares outstanding
HRZN has more shares outstanding than it did 5 years ago.
HRZN has a better debt/assets ratio than last year.
2.2 Solvency
HRZN has an Altman-Z score of -0.06. 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 -0.06 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 65.97% of its industry peers.
A Debt/Equity ratio of 0.99 indicates that HRZN is somewhat dependend on debt financing.
HRZN's Debt to Equity ratio of 0.99 is in line compared to the rest of the industry. HRZN outperforms 50.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.99 | ||
| Debt/FCF | 6.96 | ||
| Altman-Z | -0.06 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.10 indicates that HRZN should not have too much problems paying its short term obligations.
HRZN has a Current ratio (1.10) which is comparable to the rest of the industry.
HRZN has a Quick Ratio of 1.10. This is a normal value and indicates that HRZN is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of HRZN (1.10) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.1 | ||
| Quick Ratio | 1.1 |
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%.
Measured over the past years, HRZN shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.38% on average per year.
Looking at the last year, HRZN shows a very negative growth in Revenue. The Revenue has decreased by -37.23% in the last year.
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
Based on estimates for the next years, HRZN will show a decrease in Earnings Per Share. The EPS will decrease by -8.87% on average per year.
The Revenue is expected to grow by 12.29% on average over the next years. This is quite good.
EPS Next Y-12.83%
EPS Next 2Y-10.4%
EPS Next 3Y-8.87%
EPS Next 5YN/A
Revenue Next Year-3.21%
Revenue Next 2Y3.09%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 5.88 indicates a rather cheap valuation of HRZN.
Based on the Price/Earnings ratio, HRZN is valued cheaply inside the industry as 91.18% 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 26.15.
The Price/Forward Earnings ratio is 6.23, which indicates a rather cheap valuation of HRZN.
Based on the Price/Forward Earnings ratio, HRZN is valued cheaper than 92.44% of the companies in the same industry.
HRZN is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.22, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.88 | ||
| Fwd PE | 6.23 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, HRZN is valued cheaper than 82.35% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.84 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
HRZN's earnings are expected to decrease with -8.87% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-10.4%
EPS Next 3Y-8.87%
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 8.39, HRZN pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, HRZN pays a better dividend.
| Industry Rank | Sector 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
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-10.4%
EPS Next 3Y-8.87%
6.65
+0.01 (+0.15%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners6.54%
Inst Owner Change21.02%
Ins Owners1.24%
Ins Owner Change0%
Market Cap295.13M
Revenue(TTM)30.43M
Net Income(TTM)-23.92M
Analysts51.67
Price Target6.93 (4.21%)
Short Float %5.24%
Short Ratio3.32
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.74% |
Yearly Dividend1.27
Dividend Growth(5Y)1.93%
DP-213.78%
Div Incr Years0
Div Non Decr Years0
Ex-Date
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)2.52%
PT rev (3m)-1.81%
EPS NQ rev (1m)5.42%
EPS NQ rev (3m)5.8%
EPS NY rev (1m)3.52%
EPS NY rev (3m)4.12%
Revenue NQ rev (1m)3.95%
Revenue NQ rev (3m)2.34%
Revenue NY rev (1m)0.97%
Revenue NY rev (3m)0.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.88 | ||
| Fwd PE | 6.23 | ||
| P/S | 9.7 | ||
| P/FCF | 4.84 | ||
| P/OCF | 4.84 | ||
| P/B | 0.93 | ||
| P/tB | 0.93 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.13
EY16.99%
EPS(NY)1.07
Fwd EY16.06%
FCF(TTM)1.37
FCFY20.64%
OCF(TTM)1.37
OCFY20.64%
SpS0.69
BVpS7.11
TBVpS7.11
PEG (NY)N/A
PEG (5Y)N/A
Graham Number13.45
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | -0.06 |
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-12.83%
EPS Next 2Y-10.4%
EPS Next 3Y-8.87%
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-3.21%
Revenue Next 2Y3.09%
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 of HORIZON TECHNOLOGY FINANCE C (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.
Can you provide the financial health for HRZN stock?
The financial health rating of HORIZON TECHNOLOGY FINANCE C (HRZN) is 3 / 10.
What is the earnings growth outlook for HORIZON TECHNOLOGY FINANCE C?
The Earnings per Share (EPS) of HORIZON TECHNOLOGY FINANCE C (HRZN) is expected to decline by -12.83% in the next year.