Horizon Minerals Limited
Horizon Minerals Limited engages in the exploration, development, and production of gold and other mineral resources in Australia. It primarily explores for gold, nickel, cobalt, silver, and zinc deposits. The company was formerly known as Intermin Resources Limited and changed its name to Horizon Minerals Limited in July 2019. Horizon Minerals Limited was incorporated in 1974 and is based in Wes… Read more
Horizon Minerals Limited (HRZMF) - Net Assets
Latest net assets as of June 2025: $84.07 Million USD
Based on the latest financial reports, Horizon Minerals Limited (HRZMF) has net assets worth $84.07 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 ($195.01 Million) and total liabilities ($110.94 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 | $84.07 Million |
| % of Total Assets | 43.11% |
| Annual Growth Rate | 7.03% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 45.13 |
Horizon Minerals Limited - Net Assets Trend (2021–2025)
This chart illustrates how Horizon Minerals Limited'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 Minerals Limited (2021–2025)
The table below shows the annual net assets of Horizon Minerals Limited from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $84.07 Million | +81.36% |
| 2024-06-30 | $46.36 Million | +31.36% |
| 2023-06-30 | $35.29 Million | -11.77% |
| 2022-06-30 | $40.00 Million | -37.57% |
| 2021-06-30 | $64.07 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Horizon Minerals Limited'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 5512156600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $142.30 Million | 169.25% |
| Total Equity | $84.07 Million | 100.00% |
Horizon Minerals Limited Competitors by Market Cap
The table below lists competitors of Horizon Minerals Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RPM Automotive Group Ltd
AU:RPM
|
$2.70 Million |
|
DIGITALBOX PLC LS-01
F:RLXB
|
$2.71 Million |
|
Stuhini Exploration Ltd
PINK:STXPF
|
$2.71 Million |
|
PBG SA
WAR:PBG
|
$2.71 Million |
|
BRADDA HEAD LITHIUM O.N.
F:8CD1
|
$2.70 Million |
|
Angel Wing Metals Inc
V:AWM
|
$2.70 Million |
|
Olivut Resources Ltd
PINK:OLVRF
|
$2.70 Million |
|
Asiaplast Industries Tbk
JK:APLI
|
$2.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Horizon Minerals Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 46,274,863 to 84,074,480, a change of 37,799,617 (81.7%).
- Net loss of 23,847,246 reduced equity.
- Share repurchases of 1,913,406 reduced equity.
- New share issuances of 35,443,595 increased equity.
- Other factors increased equity by 28,116,674.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-23.85 Million | -28.36% |
| Share Repurchases | $1.91 Million | -2.28% |
| Share Issuances | $35.44 Million | +42.16% |
| Other Changes | $28.12 Million | +33.44% |
| Total Change | $- | 81.68% |
Book Value vs Market Value Analysis
This analysis compares Horizon Minerals Limited'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: 0.59x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.18x to 0.59x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | $0.11 | $0.02 | x |
| 2022-06-30 | $0.07 | $0.02 | x |
| 2023-06-30 | $0.05 | $0.02 | x |
| 2024-06-30 | $0.04 | $0.02 | x |
| 2025-06-30 | $0.03 | $0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Horizon Minerals Limited 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): -28.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -64.71%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 2.32x
- Recent ROE (-28.36%) is below the historical average (-20.99%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 3.82% | 14.61% | 0.25x | 1.04x | $-3.96 Million |
| 2022 | -70.07% | -843.97% | 0.07x | 1.16x | $-32.03 Million |
| 2023 | -2.86% | -1233.13% | 0.00x | 1.27x | $-4.54 Million |
| 2024 | -7.47% | 0.00% | 0.00x | 1.28x | $-8.08 Million |
| 2025 | -28.36% | -64.71% | 0.19x | 2.32x | $-32.25 Million |
Industry Comparison
This section compares Horizon Minerals Limited's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $411,687,235
- Average return on equity (ROE) among peers: -119.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Horizon Minerals Limited (HRZMF) | $84.07 Million | 3.82% | 1.32x | $2.70 Million |
| Almadex Minerals Ltd (AAMMF) | $5.73 Million | 6.70% | 0.01x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $416.30 Million | -27.78% | 2.17x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $10.03 Million | -13.48% | 0.17x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $19.90 Million | -2.53% | 0.04x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $65.44K | -173.09% | 0.37x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $413.79K | -494.09% | 0.29x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $3.67 Billion | 9.39% | 0.50x | $98.30 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $-555.77K | 0.00% | 0.00x | $0.94 |
| Antioquia Gold Inc (AGDXF) | $-702.21K | 0.00% | 0.00x | $1.44 Million |