HORIZON THERAPEUTICS PLC (HZNP) Fundamental Analysis & Valuation

NASDAQ:HZNP • IE00BQPVQZ61

Current stock price

116.3 USD
+0.05 (+0.04%)
At close:
116.34 USD
+0.04 (+0.03%)
After Hours:

This HZNP fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. HZNP Profitability Analysis

1.1 Basic Checks

  • HZNP had positive earnings in the past year.
  • In the past year HZNP had a positive cash flow from operations.
HZNP Yearly Net Income VS EBIT VS OCF VS FCFHZNP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 0 500M 1B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 4.71%, HZNP belongs to the top of the industry, outperforming 95.21% of the companies in the same industry.
  • HZNP has a better Return On Equity (8.25%) than 95.38% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 5.35%, HZNP belongs to the top of the industry, outperforming 95.87% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for HZNP is significantly below the industry average of 19.54%.
Industry RankSector Rank
ROA 4.71%
ROE 8.25%
ROIC 5.35%
ROA(3y)6.1%
ROA(5y)6.05%
ROE(3y)10.47%
ROE(5y)10.88%
ROIC(3y)6.68%
ROIC(5y)4.8%
HZNP Yearly ROA, ROE, ROICHZNP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 0 20 -20

1.3 Margins

  • The Profit Margin of HZNP (12.02%) is better than 96.04% of its industry peers.
  • In the last couple of years the Profit Margin of HZNP has declined.
  • Looking at the Operating Margin, with a value of 15.58%, HZNP belongs to the top of the industry, outperforming 96.53% of the companies in the same industry.
  • In the last couple of years the Operating Margin of HZNP has grown nicely.
  • The Gross Margin of HZNP (75.21%) is better than 84.49% of its industry peers.
  • HZNP's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 15.58%
PM (TTM) 12.02%
GM 75.21%
OM growth 3Y23.86%
OM growth 5YN/A
PM growth 3Y-31.18%
PM growth 5YN/A
GM growth 3Y1.14%
GM growth 5Y6.97%
HZNP Yearly Profit, Operating, Gross MarginsHZNP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 0 20 -20 40 60

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7

2. HZNP Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so HZNP is destroying value.
  • HZNP has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 1 year ago, HZNP has an improved debt to assets ratio.
HZNP Yearly Shares OutstandingHZNP Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 50M 100M 150M 200M
HZNP Yearly Total Debt VS Total AssetsHZNP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2B 4B 6B 8B

2.2 Solvency

  • An Altman-Z score of 5.10 indicates that HZNP is not in any danger for bankruptcy at the moment.
  • HZNP's Altman-Z score of 5.10 is amongst the best of the industry. HZNP outperforms 81.35% of its industry peers.
  • The Debt to FCF ratio of HZNP is 2.67, which is a good value as it means it would take HZNP, 2.67 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2.67, HZNP belongs to the top of the industry, outperforming 95.54% of the companies in the same industry.
  • A Debt/Equity ratio of 0.48 indicates that HZNP is not too dependend on debt financing.
  • HZNP's Debt to Equity ratio of 0.48 is on the low side compared to the rest of the industry. HZNP is outperformed by 74.92% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 2.67
Altman-Z 5.1
ROIC/WACC0.75
WACC7.16%
HZNP Yearly LT Debt VS Equity VS FCFHZNP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 1B 2B 3B 4B 5B

2.3 Liquidity

  • HZNP has a Current Ratio of 4.27. This indicates that HZNP is financially healthy and has no problem in meeting its short term obligations.
  • HZNP's Current ratio of 4.27 is in line compared to the rest of the industry. HZNP outperforms 41.58% of its industry peers.
  • A Quick Ratio of 4.09 indicates that HZNP has no problem at all paying its short term obligations.
  • Looking at the Quick ratio, with a value of 4.09, HZNP is in line with its industry, outperforming 40.92% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 4.27
Quick Ratio 4.09
HZNP Yearly Current Assets VS Current LiabilitesHZNP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 1B 2B 3B

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6

3. HZNP Growth Analysis

3.1 Past

  • HZNP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -19.39%.
  • The Earnings Per Share has been growing by 33.01% on average over the past years. This is a very strong growth
  • The Revenue has decreased by -4.42% in the past year.
  • HZNP shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 28.00% yearly.
EPS 1Y (TTM)-19.39%
EPS 3Y34.76%
EPS 5Y33.01%
EPS Q2Q%12.15%
Revenue 1Y (TTM)-4.42%
Revenue growth 3Y40.8%
Revenue growth 5Y28%
Sales Q2Q%7.82%

3.2 Future

  • The Earnings Per Share is expected to grow by 15.92% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 9.94% on average over the next years. This is quite good.
EPS Next Y-5.01%
EPS Next 2Y8.89%
EPS Next 3Y11.9%
EPS Next 5Y15.92%
Revenue Next Year5.55%
Revenue Next 2Y9.53%
Revenue Next 3Y10.34%
Revenue Next 5Y9.94%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
HZNP Yearly Revenue VS EstimatesHZNP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B
HZNP Yearly EPS VS EstimatesHZNP Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8 10

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5

4. HZNP Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 25.90, HZNP can be considered very expensive at the moment.
  • Based on the Price/Earnings ratio, HZNP is valued cheaply inside the industry as 95.54% of the companies are valued more expensively.
  • HZNP is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.79, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 20.14, the valuation of HZNP can be described as rather expensive.
  • Based on the Price/Forward Earnings ratio, HZNP is valued cheaper than 96.53% of the companies in the same industry.
  • HZNP's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.80.
Industry RankSector Rank
PE 25.9
Fwd PE 20.14
HZNP Price Earnings VS Forward Price EarningsHZNP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HZNP indicates a rather cheap valuation: HZNP is cheaper than 94.88% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, HZNP is valued cheaper than 96.37% of the companies in the same industry.
Industry RankSector Rank
P/FCF 27.79
EV/EBITDA 27.94
HZNP Per share dataHZNP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • HZNP has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.78
EPS Next 2Y8.89%
EPS Next 3Y11.9%

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

0

5. HZNP Dividend Analysis

5.1 Amount

  • No dividends for HZNP!.
Industry RankSector Rank
Dividend Yield N/A

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HZNP Fundamentals: All Metrics, Ratios and Statistics

HORIZON THERAPEUTICS PLC

NASDAQ:HZNP (10/5/2023, 8:25:26 PM)

After market: 116.34 +0.04 (+0.03%)

116.3

+0.05 (+0.04%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryBiotechnology
Earnings (Last)08-08
Earnings (Next)N/A
Inst Owners0%
Inst Owner Change0%
Ins Owners0.58%
Ins Owner Change0%
Market Cap26.63B
Revenue(TTM)3.64B
Net Income(TTM)438.00M
Analysts50.91
Price Target118.83 (2.18%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-6.7%
Min EPS beat(2)-27.35%
Max EPS beat(2)13.95%
EPS beat(4)3
Avg EPS beat(4)4.23%
Min EPS beat(4)-27.35%
Max EPS beat(4)21.5%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-1.41%
Min Revenue beat(2)-9.59%
Max Revenue beat(2)6.77%
Revenue beat(4)3
Avg Revenue beat(4)-0.15%
Min Revenue beat(4)-9.59%
Max Revenue beat(4)6.77%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-14.76%
EPS NY rev (1m)0%
EPS NY rev (3m)-17.11%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.34%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.27%
Valuation
Industry RankSector Rank
PE 25.9
Fwd PE 20.14
P/S 7.31
P/FCF 27.79
P/OCF 25.59
P/B 5.01
P/tB 26.53
EV/EBITDA 27.94
EPS(TTM)4.49
EY3.86%
EPS(NY)5.77
Fwd EY4.97%
FCF(TTM)4.19
FCFY3.6%
OCF(TTM)4.54
OCFY3.91%
SpS15.92
BVpS23.19
TBVpS4.38
PEG (NY)N/A
PEG (5Y)0.78
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 4.71%
ROE 8.25%
ROCE 6.77%
ROIC 5.35%
ROICexc 7.58%
ROICexgc 27.86%
OM 15.58%
PM (TTM) 12.02%
GM 75.21%
FCFM 26.3%
ROA(3y)6.1%
ROA(5y)6.05%
ROE(3y)10.47%
ROE(5y)10.88%
ROIC(3y)6.68%
ROIC(5y)4.8%
ROICexc(3y)9.75%
ROICexc(5y)6.96%
ROICexgc(3y)39.54%
ROICexgc(5y)N/A
ROCE(3y)8.46%
ROCE(5y)6.07%
ROICexgc growth 3Y27.62%
ROICexgc growth 5YN/A
ROICexc growth 3Y33.99%
ROICexc growth 5YN/A
OM growth 3Y23.86%
OM growth 5YN/A
PM growth 3Y-31.18%
PM growth 5YN/A
GM growth 3Y1.14%
GM growth 5Y6.97%
F-Score6
Asset Turnover0.39
Health
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 2.67
Debt/EBITDA 2.66
Cap/Depr 21.15%
Cap/Sales 2.26%
Interest Coverage 4.07
Cash Conversion 108.78%
Profit Quality 218.81%
Current Ratio 4.27
Quick Ratio 4.09
Altman-Z 5.1
F-Score6
WACC7.16%
ROIC/WACC0.75
Cap/Depr(3y)32.95%
Cap/Depr(5y)21.63%
Cap/Sales(3y)3.95%
Cap/Sales(5y)2.73%
Profit Quality(3y)169.09%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-19.39%
EPS 3Y34.76%
EPS 5Y33.01%
EPS Q2Q%12.15%
EPS Next Y-5.01%
EPS Next 2Y8.89%
EPS Next 3Y11.9%
EPS Next 5Y15.92%
Revenue 1Y (TTM)-4.42%
Revenue growth 3Y40.8%
Revenue growth 5Y28%
Sales Q2Q%7.82%
Revenue Next Year5.55%
Revenue Next 2Y9.53%
Revenue Next 3Y10.34%
Revenue Next 5Y9.94%
EBIT growth 1Y-37.19%
EBIT growth 3Y74.4%
EBIT growth 5YN/A
EBIT Next Year6.03%
EBIT Next 3Y14.62%
EBIT Next 5Y17.3%
FCF growth 1Y83.52%
FCF growth 3Y42.98%
FCF growth 5Y33.65%
OCF growth 1Y72.19%
OCF growth 3Y43.43%
OCF growth 5Y34.64%

HORIZON THERAPEUTICS PLC / HZNP Fundamental Analysis FAQ

What is the fundamental rating for HZNP stock?

ChartMill assigns a fundamental rating of 6 / 10 to HZNP.


What is the valuation status for HZNP stock?

ChartMill assigns a valuation rating of 5 / 10 to HORIZON THERAPEUTICS PLC (HZNP). This can be considered as Fairly Valued.


How profitable is HORIZON THERAPEUTICS PLC (HZNP) stock?

HORIZON THERAPEUTICS PLC (HZNP) has a profitability rating of 8 / 10.


What are the PE and PB ratios of HORIZON THERAPEUTICS PLC (HZNP) stock?

The Price/Earnings (PE) ratio for HORIZON THERAPEUTICS PLC (HZNP) is 25.9 and the Price/Book (PB) ratio is 5.01.