Company DescriptionHorizon Minerals Limited engages in the exploration and development of mineral properties in Australia. It explores for gold, nickel, copper, vanadium, molybdenum, silver, and zinc deposits The company operates 100% owned gold projects in the Kalgoorlie and Coolgardie regions. The company also holds 100% interest in the Nimbus silver-zinc project; and the Boorara gold project located in the east of Kalgoorlie, as well as has joint venture at the Richmond vanadium project located in Queensland. In addition, it holds a 50% interest in the Penny's Find gold project; and 100% interest in the Cannon, Glandore, and Cowarna gold projects. The company was formerly known as Intermin Resources Limited and changed its name to Horizon Minerals Limited in July 2019. Horizon Minerals Limited was incorporated in 1974 and is based in Nedlands, Australia.

How the Company Makes Money

Horizon Minerals Ltd Financial Statement Overview

Summary

Horizon Minerals Ltd faces significant financial challenges, with inconsistent revenue, ongoing profitability issues, and negative cash flows. The balance sheet shows moderate leverage, but there are concerns about asset management and liquidity.

Income Statement

Neutral

Horizon Minerals Ltd has shown inconsistent revenue trends with significant fluctuations over the years. Despite a notable increase in revenue in the latest year, the company still reports negative EBIT and net income, indicating continued operational challenges. Margins remain negative, highlighting ongoing profitability issues.

Balance Sheet

Neutral

The company's balance sheet reveals moderate leverage with a debt-to-equity ratio that remains manageable. However, the decline in stockholders' equity and total assets over recent years suggests potential challenges in asset management. The equity ratio remains relatively strong, indicating a reasonable level of financial stability.

Cash Flow

Neutral

Cash flow analysis shows negative operating and free cash flows, impacting the company's liquidity position. Although there has been a reduction in negative free cash flow, the company's ability to generate positive cash flow from operations remains a concern. Investment activities have been significant, but financing activities have not fully offset the negative cash flow.

TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Breakdown
Income Statement		Total Revenue
-2.37M	6.61M	81.88K	3.32M	17.85M	62.56K
	Gross Profit
-2.39M	6.61M	81.25K	1.26M	3.36M	-66.24K
	EBIT
-7.68M	-3.37M	-9.39M	-2.55M	1.60M	1.29M
	EBITDA
-4.95M	-1.70M	-242.68K	-27.54M	3.03M	1.42M
	Net Income Common Stockholders
-9.20M	-3.46M	-1.01M	-28.03M	2.45M	1.04M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
10.18M	4.29M	5.62M	5.41M	11.32M	5.90M
	Total Assets
84.38M	58.93M	44.74M	46.48M	66.45M	55.15M
	Total Debt
9.56M	8.23M	6.97M	86.20K	133.94K	4.42M
	Net Debt
-627.11K	3.94M	1.34M	-5.32M	-11.18M	-1.48M
	Total Liabilities
29.31M	12.66M	9.44M	6.48M	2.38M	8.73M
	Stockholders Equity
55.08M	46.27M	35.29M	40.00M	64.07M	46.42M
Cash Flow		Free Cash Flow
-11.51M	-7.08M	-13.04M	-9.25M	-7.09M	-6.46M
	Operating Cash Flow
-8.95M	-4.30M	-6.81M	-2.39M	6.05M	-2.08M
	Investing Cash Flow
1.29M	3.75M	-3.96M	-7.13M	-10.96M	-2.63M
	Financing Cash Flow
12.32M	-785.67K	10.98M	3.62M	10.33M	5.66M

Horizon Minerals Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (51)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
I6R		€71.86M	―		―	―	―
Sector *	51 Neutral	$2.02B	-1.14	-21.37%	3.64%	2.88%	-30.57%
NESRF		$19.49B	25.14	11.01%	2.41%	―	―
RMGGF		$804.16M	41.67	-5.02%	―	―	―
CAHPF		$11.52B	25.20	16.97%	1.37%	―	―
RGRNF		$2.39B	―	-0.38%	―	―	―

* Basic Materials Sector Average

Performance Comparison

DE:I6R

Horizon Minerals Ltd

0.02

>-0.01

-33.33%

NESRF

Northern Star Resources Ltd

13.70

4.71

52.39%

RMGGF

Resolute Mining

0.34

-0.08

-19.05%

CAHPF

Evolution Mining

6.10

3.61

144.98%

RGRNF

Regis Resources Limited

3.04

1.76

137.50%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.