Horizon Kinetics Holding Corporation (HKHC) AI Stock Analysis

• Market Cap: $718.39M
• Dividend Yield: N/A
• Average Volume (3M): 1.18K
• Price to Earnings (P/E): 15.3
• Beta (1Y): -0.29
• Revenue Growth: -67.95%
• EPS Growth: 90.47%
• Country: US
• Employees: 8
• Sector: Financial
• Sector Strength: 69
• Industry: Consumer Products - Household & Personal
• EPS (TTM): 0.54
• Shares Outstanding: 18,635,320
• 10 Day Avg. Volume: 590
• 30 Day Avg. Volume: 1,179
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 2.98
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 51 Neutral
• Price Target: ―

Horizon Kinetics Holding Corporation faces significant profitability challenges despite strong revenue growth and cash flow improvements. The technical indicators are mixed, and the valuation suggests caution due to negative earnings. While recent corporate events reflect positive strategic initiatives, the overall financial health remains a concern, resulting in a moderate overall stock score.

Horizon Kinetics Holding Corporation Business Overview & Revenue Model

Company Description

Horizon Kinetics Holding Corporation (HKHC) is an investment management firm that operates primarily in the financial sector. It offers a range of investment products and services focused on wealth management, including mutual funds, private funds, and separately managed accounts. The company is known for its contrarian and fundamental research-driven approach to investment, seeking long-term capital appreciation for its clients.

How the Company Makes Money

Horizon Kinetics Holding Corporation generates revenue primarily through management fees charged on the assets under its management. These fees are typically a percentage of the total assets managed and are collected from various investment products such as mutual funds, private funds, and individually managed accounts. Additionally, the company may earn performance-based fees, which are contingent upon exceeding certain benchmark returns. Such a fee structure aligns the firm's interests with those of its clients, incentivizing the pursuit of superior investment performance. HKHC's earnings are also supported by its research and advisory services, which may include partnerships or collaborations with other financial institutions, although specific details of such arrangements are not publicly disclosed.

Horizon Kinetics Holding Corporation Financial Statement Overview

Summary

Horizon Kinetics Holding Corporation demonstrates mixed financial performance. Strong gross margins and a solid equity position are positive indicators, yet profitability remains a significant challenge due to negative net income and volatile revenue growth. Cash flow has shown improvement, but the lack of profitability affects the financial health.

Income Statement

Horizon Kinetics Holding Corporation has faced challenges with profitability, as demonstrated by a consistently negative net income. The gross profit margin is strong at 92.82% for the TTM, indicating efficient production relative to revenue. However, the net profit margin is deeply negative, reflecting significant operating and financial expenses relative to revenue. Revenue growth has been volatile, with a substantial increase in TTM revenue compared to previous years, but this has not translated into profitability.

Balance Sheet

The company's balance sheet indicates a strong equity position with a high equity ratio of 72.68% in the TTM, suggesting financial stability. The debt-to-equity ratio is low at 0.03, highlighting a conservative approach to leverage. However, the return on equity is negative, reflecting ongoing challenges in generating profits from shareholders' equity.

Cash Flow

The cash flow statement shows improvement with positive operating cash flow in the TTM, indicating better cash generation from operations. Free cash flow has also improved, showing positive growth compared to previous negative figures. However, the operating cash flow to net income ratio suggests inefficiencies, as strong cash flows have not yielded corresponding net income.

Breakdown	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement
Total Revenue	―	―	―	―	―
Gross Profit	1.45M	1.37M	12.53M	11.65M	10.81M
EBITDA	-4.72M	-9.29M	-4.71M	-655.00K	-352.00K
Net Income	380.00K	-8.85M	-11.09M	-1.55M	-657.00K
Balance Sheet
Total Assets	6.37M	10.73M	20.87M	33.56M	26.09M
Cash, Cash Equivalents and Short-Term Investments	―	―	―	―	―
Total Debt	2.51M	6.17M	5.91M	8.80M	216.00K
Total Liabilities	3.10M	7.91M	9.33M	11.09M	2.47M
Stockholders Equity	―	―	―	―	―
Cash Flow
Free Cash Flow	-861.00K	-1.85M	-322.00K	4.07M	688.00K
Operating Cash Flow	-861.00K	-1.85M	-322.00K	3.58M	679.00K
Investing Cash Flow	―	―	―	―	―
Financing Cash Flow	―	―	―	―	―

Horizon Kinetics Holding Corporation Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 39.50
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HKHC, the sentiment is Negative. The current price of 39.5 is below the 20-day moving average (MA) of 39.50, below the 50-day MA of 41.69, and above the 200-day MA of 37.13, indicating a neutral trend. The MACD of -0.65 indicates Positive momentum. The RSI at 40.55 is Neutral, neither overbought nor oversold. The STOCH value of 50.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HKHC.

Horizon Kinetics Holding Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LWAY	80 Outperform	$421.89M	41.79	14.73%	―	12.84%	-22.88%
CLX	71 Outperform	$15.39B	19.16	249.61%	3.91%	0.16%	191.17%
CENT	65 Neutral	$1.99B	15.54	8.70%	―	-4.60%	-26.61%
CHD	64 Neutral	$22.15B	42.88	12.07%	1.27%	1.13%	-34.78%
Sector *	62 Neutral	AU$10.21B	9.28	11.82%	5.04%	33.65%	22.72%
HKHC	51 Neutral	$718.39M	15.26	32.98%	―	-67.95%	90.47%
HAIN	46 Neutral	$147.11M	―	-31.83%	―	-8.50%	-186.18%
BGS	45 Neutral	$325.62M	―	-35.36%	18.67%	-7.06%	-83.82%

Horizon Kinetics Holding Corporation Corporate Events

Horizon Kinetics Reports Strong Q3 2024 Performance

Horizon Kinetics Holding Corporation reported a strong third quarter for 2024, with a remarkable 20.6% increase in revenues to $15.4 million, largely driven by a surge in assets under management (AUM) to $8.3 billion. The growth was fueled by the appreciation of Texas Pacific Land Corporation’s market value, alongside gains from proprietary funds and investment securities. Despite increased operating expenses, the company declared a quarterly dividend of $0.053 per share, reflecting its robust financial performance and strategic growth initiatives.