Horizon Oil Ltd (HZN) - Net Assets
Based on the latest financial reports, Horizon Oil Ltd (HZN) has net assets worth AU$65.30 Million AUD (≈ $46.20 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$180.16 Million ≈ $127.47 Million USD) and total liabilities (AU$114.86 Million ≈ $81.27 Million USD). 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. Check Horizon Oil Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$65.30 Million |
| % of Total Assets | 36.25% |
| Annual Growth Rate | 3.61% |
| 5-Year Change | -40.79% |
| 10-Year Change | -53.49% |
| Growth Volatility | 32.81 |
Horizon Oil Ltd - Net Assets Trend (1989–2025)
This chart illustrates how Horizon Oil Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Horizon Oil Ltd for the complete picture of this company's asset base.
Annual Net Assets for Horizon Oil Ltd (1989–2025)
The table below shows the annual net assets of Horizon Oil Ltd from 1989 to 2025. For live valuation and market cap data, see market cap of Horizon Oil Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$65.30 Million ≈ $46.20 Million |
-21.56% |
| 2024-06-30 | AU$83.24 Million ≈ $58.90 Million |
-12.88% |
| 2023-06-30 | AU$95.55 Million ≈ $67.61 Million |
-3.69% |
| 2022-06-30 | AU$99.21 Million ≈ $70.20 Million |
-10.03% |
| 2021-06-30 | AU$110.28 Million ≈ $78.03 Million |
+32.26% |
| 2020-06-30 | AU$83.38 Million ≈ $59.00 Million |
-40.76% |
| 2019-06-30 | AU$140.76 Million ≈ $99.60 Million |
+48.24% |
| 2018-06-30 | AU$94.95 Million ≈ $67.18 Million |
-31.76% |
| 2017-06-30 | AU$139.14 Million ≈ $98.45 Million |
-0.89% |
| 2016-06-30 | AU$140.39 Million ≈ $99.33 Million |
-45.23% |
| 2015-06-30 | AU$256.32 Million ≈ $181.36 Million |
+15.16% |
| 2014-06-30 | AU$222.57 Million ≈ $157.48 Million |
+33.26% |
| 2013-06-30 | AU$167.01 Million ≈ $118.17 Million |
+3.27% |
| 2012-06-30 | AU$161.72 Million ≈ $114.43 Million |
+6.01% |
| 2011-06-30 | AU$152.55 Million ≈ $107.94 Million |
+33.39% |
| 2010-06-30 | AU$114.36 Million ≈ $80.92 Million |
+88.71% |
| 2009-06-30 | AU$60.60 Million ≈ $42.88 Million |
+40.19% |
| 2008-06-30 | AU$43.23 Million ≈ $30.59 Million |
-2.11% |
| 2007-06-30 | AU$44.16 Million ≈ $31.25 Million |
+100.15% |
| 2006-06-30 | AU$22.06 Million ≈ $15.61 Million |
+57.24% |
| 2005-06-30 | AU$14.03 Million ≈ $9.93 Million |
+15.63% |
| 2004-06-30 | AU$12.14 Million ≈ $8.59 Million |
-10.49% |
| 2003-06-30 | AU$13.56 Million ≈ $9.59 Million |
-35.10% |
| 2002-06-30 | AU$20.89 Million ≈ $14.78 Million |
+60.05% |
| 2001-06-30 | AU$13.05 Million ≈ $9.24 Million |
-6.33% |
| 2000-06-30 | AU$13.93 Million ≈ $9.86 Million |
-15.38% |
| 1999-06-30 | AU$16.47 Million ≈ $11.65 Million |
-17.69% |
| 1998-06-30 | AU$20.01 Million ≈ $14.16 Million |
+9.66% |
| 1997-06-30 | AU$18.24 Million ≈ $12.91 Million |
-7.25% |
| 1996-06-30 | AU$19.67 Million ≈ $13.92 Million |
-11.26% |
| 1995-06-30 | AU$22.17 Million ≈ $15.68 Million |
+19.67% |
| 1994-06-30 | AU$18.52 Million ≈ $13.11 Million |
+9.62% |
| 1993-06-30 | AU$16.90 Million ≈ $11.96 Million |
-18.47% |
| 1992-06-30 | AU$20.72 Million ≈ $14.66 Million |
-3.84% |
| 1991-06-30 | AU$21.55 Million ≈ $15.25 Million |
+7.55% |
| 1990-06-30 | AU$20.04 Million ≈ $14.18 Million |
+9.95% |
| 1989-06-30 | AU$18.23 Million ≈ $12.90 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Horizon Oil 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 10240.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$150.40 Million | 230.33% |
| Other Comprehensive Income | AU$73.54 Million | 112.62% |
| Total Equity | AU$65.30 Million | 100.00% |
Horizon Oil Ltd Competitors by Market Cap
The table below lists competitors of Horizon Oil Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
US Gold Corp
NASDAQ:USAU
|
$270.85 Million |
|
SimilarWeb Ltd
NYSE:SMWB
|
$270.92 Million |
|
Vivotek Inc
TW:3454
|
$271.10 Million |
|
Apogee Optocom Co Ltd
TW:6426
|
$271.16 Million |
|
City Retail Developments Tbk PT
JK:NIRO
|
$270.56 Million |
|
Zhonglu Co Ltd A
SHG:600818
|
$270.56 Million |
|
American Oncology Network Inc.
NASDAQ:AONC
|
$270.55 Million |
|
Icelandic Salmon As
OL:ISLAX
|
$270.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Horizon Oil Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 83,243,000 to 65,298,000, a change of -17,945,000 (-21.6%).
- Net income of 12,247,000 contributed positively to equity growth.
- Dividend payments of 31,881,000 reduced retained earnings.
- Share repurchases of 304,000 reduced equity.
- New share issuances of 304,000 increased equity.
- Other comprehensive income decreased equity by 6,468,000.
- Other factors increased equity by 8,157,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$12.25 Million | +18.76% |
| Dividends Paid | AU$31.88 Million | -48.82% |
| Share Repurchases | AU$304.00K | -0.47% |
| Share Issuances | AU$304.00K | +0.47% |
| Other Comprehensive Income | AU$-6.47 Million | -9.91% |
| Other Changes | AU$8.16 Million | +12.49% |
| Total Change | AU$- | -21.56% |
Book Value vs Market Value Analysis
This analysis compares Horizon Oil 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: 5.85x
- 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 decreased from 16.81x to 5.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-06-30 | AU$0.01 | AU$0.24 | x |
| 1990-06-30 | AU$0.02 | AU$0.24 | x |
| 1991-06-30 | AU$0.03 | AU$0.24 | x |
| 1992-06-30 | AU$0.02 | AU$0.24 | x |
| 1993-06-30 | AU$0.02 | AU$0.24 | x |
| 1994-06-30 | AU$0.02 | AU$0.24 | x |
| 1995-06-30 | AU$0.02 | AU$0.24 | x |
| 1996-06-30 | AU$0.02 | AU$0.24 | x |
| 1997-06-30 | AU$0.02 | AU$0.24 | x |
| 1998-06-30 | AU$0.02 | AU$0.24 | x |
| 1999-06-30 | AU$0.02 | AU$0.24 | x |
| 2000-06-30 | AU$0.02 | AU$0.24 | x |
| 2001-06-30 | AU$0.01 | AU$0.24 | x |
| 2002-06-30 | AU$0.02 | AU$0.24 | x |
| 2003-06-30 | AU$0.02 | AU$0.24 | x |
| 2004-06-30 | AU$0.01 | AU$0.24 | x |
| 2005-06-30 | AU$0.02 | AU$0.24 | x |
| 2006-06-30 | AU$0.03 | AU$0.24 | x |
| 2007-06-30 | AU$0.05 | AU$0.24 | x |
| 2008-06-30 | AU$0.05 | AU$0.24 | x |
| 2009-06-30 | AU$0.07 | AU$0.24 | x |
| 2010-06-30 | AU$0.10 | AU$0.24 | x |
| 2011-06-30 | AU$0.13 | AU$0.24 | x |
| 2012-06-30 | AU$0.14 | AU$0.24 | x |
| 2013-06-30 | AU$0.14 | AU$0.24 | x |
| 2014-06-30 | AU$0.17 | AU$0.24 | x |
| 2015-06-30 | AU$0.20 | AU$0.24 | x |
| 2016-06-30 | AU$0.11 | AU$0.24 | x |
| 2017-06-30 | AU$0.11 | AU$0.24 | x |
| 2018-06-30 | AU$0.07 | AU$0.24 | x |
| 2019-06-30 | AU$0.09 | AU$0.24 | x |
| 2020-06-30 | AU$0.06 | AU$0.24 | x |
| 2021-06-30 | AU$0.07 | AU$0.24 | x |
| 2022-06-30 | AU$0.06 | AU$0.24 | x |
| 2023-06-30 | AU$0.06 | AU$0.24 | x |
| 2024-06-30 | AU$0.05 | AU$0.24 | x |
| 2025-06-30 | AU$0.04 | AU$0.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Horizon Oil Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.76%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.76%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 2.76x
- Recent ROE (18.76%) is above the historical average (-6.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 4.81% | 14.79% | 0.28x | 1.16x | AU$-945.26K |
| 1995 | 8.13% | 26.19% | 0.23x | 1.33x | AU$-392.46K |
| 1996 | 0.47% | 1.63% | 0.23x | 1.24x | AU$-1.77 Million |
| 1997 | 0.95% | 1.52% | 0.52x | 1.22x | AU$-1.57 Million |
| 1998 | -0.28% | 0.00% | 0.00x | 1.31x | AU$-1.98 Million |
| 1999 | -0.23% | 0.00% | 0.00x | 1.16x | AU$-1.61 Million |
| 2000 | -2.29% | -8.99% | 0.22x | 1.18x | AU$-1.59 Million |
| 2001 | -1.38% | -7.52% | 0.15x | 1.23x | AU$-1.37 Million |
| 2002 | -0.29% | -3.53% | 0.08x | 1.06x | AU$-2.15 Million |
| 2003 | -84.55% | -9451.74% | 0.01x | 1.05x | AU$-12.82 Million |
| 2004 | -49.83% | -3191.52% | 0.01x | 1.16x | AU$-7.26 Million |
| 2005 | -46.16% | -2574.24% | 0.02x | 1.17x | AU$-7.88 Million |
| 2006 | -6.39% | -1112.61% | 0.00x | 1.36x | AU$-3.62 Million |
| 2007 | -4.34% | -1429.10% | 0.00x | 1.30x | AU$-6.33 Million |
| 2008 | -37.50% | -20266.25% | 0.00x | 2.19x | AU$-20.54 Million |
| 2009 | -13.30% | -98.86% | 0.06x | 2.31x | AU$-14.12 Million |
| 2010 | 45.77% | 109.07% | 0.28x | 1.50x | AU$40.91 Million |
| 2011 | 22.90% | 58.85% | 0.20x | 1.92x | AU$19.68 Million |
| 2012 | 4.73% | 15.23% | 0.14x | 2.17x | AU$-8.53 Million |
| 2013 | 2.08% | 6.83% | 0.11x | 2.85x | AU$-13.23 Million |
| 2014 | 5.76% | 8.89% | 0.28x | 2.31x | AU$-9.43 Million |
| 2015 | 7.14% | 21.88% | 0.16x | 2.04x | AU$-7.33 Million |
| 2016 | -141.31% | -255.90% | 0.20x | 2.82x | AU$-212.58 Million |
| 2017 | -0.32% | -0.49% | 0.25x | 2.61x | AU$-14.36 Million |
| 2018 | -2.60% | -2.45% | 0.33x | 3.26x | AU$-11.96 Million |
| 2019 | 25.45% | 28.92% | 0.47x | 1.87x | AU$21.75 Million |
| 2020 | -68.35% | -73.58% | 0.45x | 2.07x | AU$-65.33 Million |
| 2021 | 4.09% | 6.39% | 0.38x | 1.69x | AU$-6.52 Million |
| 2022 | 24.52% | 22.79% | 0.58x | 1.85x | AU$14.40 Million |
| 2023 | 45.89% | 29.50% | 0.81x | 1.93x | AU$34.30 Million |
| 2024 | 31.11% | 23.21% | 0.54x | 2.47x | AU$17.58 Million |
| 2025 | 18.76% | 11.76% | 0.58x | 2.76x | AU$5.72 Million |
Industry Comparison
This section compares Horizon Oil Ltd's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $164,880,720
- Average return on equity (ROE) among peers: -12.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Horizon Oil Ltd (HZN) | AU$65.30 Million | 4.81% | 1.76x | $270.63 Million |
| 88 Energy Ltd (88E) | $21.49 Million | -29.34% | 0.70x | $19.65 Million |
| ADX Energy Ltd (ADX) | $18.79 Million | -11.40% | 0.16x | $18.98 Million |
| Australis Oil & Gas Ltd (ATS) | $258.63 Million | 3.90% | 0.26x | $19.65 Million |
| Bass Oil Ltd (BAS) | $5.30 Million | -108.46% | 0.21x | $13.33 Million |
| Blue Energy Ltd (BLU) | $11.97 Million | 25.90% | 0.00x | $10.66 Million |
| Blue Star Helium Ltd (BNL) | $88.69 Million | -4.21% | 0.39x | $21.78 Million |
| Beach Energy Ltd (BPT) | $1.07 Billion | 5.95% | 0.62x | $1.89 Billion |
| Brookside Energy Ltd (BRK) | $7.43 Million | 0.00% | 0.01x | $40.91 Million |
| Buru Energy Ltd (BRU) | $109.54 Million | -5.03% | 0.46x | $9.93 Million |
| Beetaloo Energy Australia Limited (BTL) | $55.35 Million | -2.27% | 1.27x | $260.37 Million |
About Horizon Oil Ltd
Horizon Oil Limited, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in China, New Zealand, Australia, and Thailand. It also involved in the exploration and evaluation of hydrocarbons. Horizon Oil Limited was incorporated in 1969 and is headquartered in Sydney, Australia.