Horizon Gold Ltd
Horizon Gold Limited engages in the exploration and evaluation of gold deposits in Australia. Its flagship project is the 100% owned Gum Creek gold project covering an area of approximately 663 square kilometers, located in the Yilgarn Craton in Western Australia. The company was incorporated in 2016 and is based in West Perth, Australia. Horizon Gold Limited is a subsidiary of Zeta Resources Lim… Read more
Horizon Gold Ltd (HRN) - Net Assets
Latest net assets as of June 2025: AU$33.53 Million AUD
Based on the latest financial reports, Horizon Gold Ltd (HRN) has net assets worth AU$33.53 Million AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$48.30 Million) and total liabilities (AU$14.77 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$33.53 Million |
| % of Total Assets | 69.43% |
| Annual Growth Rate | 5.98% |
| 5-Year Change | 34.78% |
| 10-Year Change | 14.6% |
| Growth Volatility | 31.65 |
Horizon Gold Ltd - Net Assets Trend (2014–2025)
This chart illustrates how Horizon Gold Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Horizon Gold Ltd (2014–2025)
The table below shows the annual net assets of Horizon Gold Ltd from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$33.53 Million | +4.93% |
| 2024-06-30 | AU$31.96 Million | +10.94% |
| 2023-06-30 | AU$28.80 Million | -5.46% |
| 2022-06-30 | AU$30.47 Million | +22.46% |
| 2021-06-30 | AU$24.88 Million | +57.74% |
| 2020-06-30 | AU$15.77 Million | +40.92% |
| 2019-06-30 | AU$11.19 Million | -18.71% |
| 2018-06-30 | AU$13.77 Million | -51.75% |
| 2017-06-30 | AU$28.53 Million | -2.49% |
| 2016-09-30 | AU$29.26 Million | 0.00% |
| 2016-06-30 | AU$29.26 Million | +67.79% |
| 2015-06-30 | AU$17.44 Million | -1.47% |
| 2014-06-30 | AU$17.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Horizon Gold Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1277200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$51.98 Million | 155.01% |
| Other Comprehensive Income | AU$445.00K | 1.33% |
| Total Equity | AU$33.53 Million | 100.00% |
Horizon Gold Ltd Competitors by Market Cap
The table below lists competitors of Horizon Gold Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ohmyhome Limited Ordinary Shares
NASDAQ:OMH
|
$28.74 Million |
|
Hae In
KO:003010
|
$28.75 Million |
|
Navamedic ASA
OL:NAVA
|
$28.75 Million |
|
Emperor Capital Group Limited
F:HQF
|
$28.79 Million |
|
Golden Energy Offshore Services AS
OTCQB:GEOUF
|
$28.74 Million |
|
1911 Gold Corp
OTCQB:AUMBF
|
$28.73 Million |
|
S Chand And Company Limited
NSE:SCHAND
|
$28.73 Million |
|
Syntek Semiconductor Co Ltd
TWO:5302
|
$28.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Horizon Gold Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 31,956,000 to 33,533,000, a change of 1,577,000 (4.9%).
- Net loss of 972,000 reduced equity.
- Other comprehensive income increased equity by 1,163,000.
- Other factors increased equity by 1,386,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-972.00K | -2.9% |
| Other Comprehensive Income | AU$1.16 Million | +3.47% |
| Other Changes | AU$1.39 Million | +4.13% |
| Total Change | AU$- | 4.93% |
Book Value vs Market Value Analysis
This analysis compares Horizon Gold Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 6.00x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 4.13x to 6.00x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-06-30 | AU$0.34 | AU$1.39 | x |
| 2017-06-30 | AU$0.58 | AU$1.39 | x |
| 2018-06-30 | AU$0.16 | AU$1.39 | x |
| 2019-06-30 | AU$0.13 | AU$1.39 | x |
| 2020-06-30 | AU$0.18 | AU$1.39 | x |
| 2021-06-30 | AU$0.27 | AU$1.39 | x |
| 2022-06-30 | AU$0.28 | AU$1.39 | x |
| 2023-06-30 | AU$0.23 | AU$1.39 | x |
| 2024-06-30 | AU$0.23 | AU$1.39 | x |
| 2025-06-30 | AU$0.23 | AU$1.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Horizon Gold Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.90%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -837.93%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.44x
- Recent ROE (-2.90%) is above the historical average (-16.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-415.30K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-142.80K |
| 2016 | -103.84% | 0.00% | 0.00x | 1.32x | AU$-33.31 Million |
| 2017 | 31.34% | 2599.13% | 0.01x | 1.36x | AU$6.09 Million |
| 2018 | -107.23% | -6591.07% | 0.01x | 1.76x | AU$-16.14 Million |
| 2019 | -23.02% | -2711.58% | 0.00x | 1.96x | AU$-3.70 Million |
| 2020 | 29.04% | 21809.52% | 0.00x | 1.75x | AU$3.00 Million |
| 2021 | -4.46% | -8538.46% | 0.00x | 1.46x | AU$-3.60 Million |
| 2022 | -1.60% | -358.09% | 0.00x | 1.38x | AU$-3.53 Million |
| 2023 | -7.44% | -1586.67% | 0.00x | 1.41x | AU$-5.02 Million |
| 2024 | -5.34% | -2623.08% | 0.00x | 1.38x | AU$-4.90 Million |
| 2025 | -2.90% | -837.93% | 0.00x | 1.44x | AU$-4.33 Million |
Industry Comparison
This section compares Horizon Gold Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $7,902,647
- Average return on equity (ROE) among peers: -82.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Horizon Gold Ltd (HRN) | AU$33.53 Million | 0.00% | 0.44x | $28.74 Million |
| Australasian Metals Ltd (A8G) | $5.45 Million | -47.41% | 0.04x | $1.25 Million |
| Aruma Resources Ltd (AAJ) | $1.53 Million | -123.06% | 0.10x | $1.95 Million |
| Astral Resources NL (AAR) | $1.50 Million | -28.28% | 0.15x | $138.29 Million |
| Adelong Gold Ltd (ADG) | $2.90 Million | -71.05% | 0.15x | $6.07 Million |
| Ardiden Ltd (ADV) | $2.31 Million | -344.43% | 0.16x | $10.51 Million |
| Ark Mines Ltd (AHK) | $6.10 Million | -19.74% | 0.04x | $6.97 Million |
| Aureka Ltd (AKA) | $5.45 Million | -87.03% | 0.13x | $6.48 Million |
| Alkane Resources Ltd (ALK) | $43.70 Million | 5.26% | 0.02x | $196.91 Million |
| Alchemy Resources Ltd (ALY) | $6.40 Million | -6.11% | 0.04x | $4.22 Million |
| Alto Metals Ltd (AME) | $3.69 Million | -100.36% | 0.03x | $20.54 Million |