HORIZON TECHNOLOGY FINANCE C (HRZN)
US44045A1025 - Common Stock
Overall HRZN gets a fundamental rating of 3 out of 10. We evaluated HRZN against 218 industry peers in the Capital Markets industry. HRZN may be in some trouble as it scores bad on both profitability and health. HRZN has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
HRZN had positive earnings in the past year.
HRZN had a positive operating cash flow in the past year.
Of the past 5 years HRZN 4 years were profitable.
HRZN had a negative operating cash flow in each of the past 5 years.
1.2 Ratios
HRZN has a Return On Assets of -2.94%. This is amonst the worse of the industry: HRZN underperforms 85.51% of its industry peers.
The Return On Equity of HRZN (-7.03%) is worse than 82.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.94% | ||
| ROE | -7.03% | ||
| ROIC | N/A |
ROA(3y)2.01%
ROA(5y)2.65%
ROE(3y)4.22%
ROE(5y)5.25%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin and Operating Margin and Gross Margin are not available for HRZN so they could not be analyzed.
| 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
The number of shares outstanding for HRZN has been increased compared to 1 year ago.
The number of shares outstanding for HRZN has been increased compared to 5 years ago.
HRZN has a worse debt/assets ratio than last year.
2.2 Solvency
HRZN has an Altman-Z score of 0.20. This is a bad value and indicates that HRZN is not financially healthy and even has some risk of bankruptcy.
HRZN has a Altman-Z score of 0.20. This is in the lower half of the industry: HRZN underperforms 74.77% of its industry peers.
HRZN has a debt to FCF ratio of 9.66. This is a negative value and a sign of low solvency as HRZN would need 9.66 years to pay back of all of its debts.
The Debt to FCF ratio of HRZN (9.66) is comparable to the rest of the industry.
HRZN has a Debt/Equity ratio of 1.12. This is a high value indicating a heavy dependency on external financing.
HRZN has a Debt to Equity ratio of 1.12. This is comparable to the rest of the industry: HRZN outperforms 43.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.12 | ||
| Debt/FCF | 9.66 | ||
| Altman-Z | 0.2 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
HRZN has a Current Ratio of 1.47. This is a normal value and indicates that HRZN is financially healthy and should not expect problems in meeting its short term obligations.
HRZN has a Current ratio of 1.47. This is in the better half of the industry: HRZN outperforms 62.62% of its industry peers.
HRZN has a Quick Ratio of 1.47. This is a normal value and indicates that HRZN is financially healthy and should not expect problems in meeting its short term obligations.
HRZN has a Quick ratio of 1.47. This is in the better half of the industry: HRZN outperforms 62.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.47 |
3. Growth
3.1 Past
The earnings per share for HRZN have decreased strongly by -21.76% in the last year.
Measured over the past years, HRZN shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.35% on average per year.
The Revenue for HRZN has decreased by -45.46% in the past year. This is quite bad
The Revenue has been growing slightly by 2.97% on average over the past years.
EPS 1Y (TTM)-21.76%
EPS 3Y17.84%
EPS 5Y10.35%
EPS Q2Q%-39.62%
Revenue 1Y (TTM)-45.46%
Revenue growth 3Y3.4%
Revenue growth 5Y2.97%
Sales Q2Q%-15.71%
3.2 Future
HRZN is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -12.62% yearly.
HRZN is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.63% yearly.
EPS Next Y-26.72%
EPS Next 2Y-17.14%
EPS Next 3Y-12.62%
EPS Next 5YN/A
Revenue Next Year-9.44%
Revenue Next 2Y-2.41%
Revenue Next 3Y-1.63%
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
HRZN is valuated cheaply with a Price/Earnings ratio of 6.42.
86.92% of the companies in the same industry are more expensive than HRZN, based on the Price/Earnings ratio.
HRZN is valuated cheaply when we compare the Price/Earnings ratio to 30.51, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 7.13, which indicates a rather cheap valuation of HRZN.
HRZN's Price/Forward Earnings ratio is rather cheap when compared to the industry. HRZN is cheaper than 89.72% of the companies in the same industry.
HRZN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.42 | ||
| Fwd PE | 7.13 |
4.2 Price Multiples
78.04% of the companies in the same industry are more expensive than HRZN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.63 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A cheap valuation may be justified as HRZN's earnings are expected to decrease with -12.62% in the coming years.
PEG (NY)N/A
PEG (5Y)0.62
EPS Next 2Y-17.14%
EPS Next 3Y-12.62%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 11.74%, HRZN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 8.57, HRZN pays a bit more dividend than its industry peers.
HRZN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.22.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.74% |
5.2 History
The dividend of HRZN has a limited annual growth rate of 2.19%.
HRZN has been paying a dividend for at least 10 years, so it has a reliable track record.
HRZN has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)2.19%
Div Incr Years2
Div Non Decr Years6
5.3 Sustainability
HRZN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-195.68%
EPS Next 2Y-17.14%
EPS Next 3Y-12.62%
HORIZON TECHNOLOGY FINANCE C
NASDAQ:HRZN (10/30/2024, 8:11:48 PM)
After market: 9.7 +0.01 (+0.1%)9.69
-0.32 (-3.2%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap349.42M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.74% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.42 | ||
| Fwd PE | 7.13 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.62
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.94% | ||
| ROE | -7.03% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.12 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.47 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-21.76%
EPS 3Y17.84%
EPS 5Y
EPS Q2Q%
EPS Next Y-26.72%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-45.46%
Revenue growth 3Y3.4%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y