Horizon Minerals Limited (HRZMF) fair value: what the stock is really worth
As of Sep 28, 2026: fair value of Horizon Minerals Limited $0.09, price $0.52, upside -82.0%, quality 14 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
20‑month range $0.0100 – $1.12 · fair‑value band $0.0680 – $0.1360 · the $0.5200 price screens above the $0.0935 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Maritana 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 Horizon Minerals Limited and changed its name to Maritana Minerals Limited in April 2026.
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Maritana 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 Horizon Minerals Limited and changed its name to Maritana Minerals Limited in April 2026. Maritana Minerals Limited was incorporated in 1974 and is based in West Perth, Australia.
Stock analysis
Horizon Minerals Limited (HRZMF) currently trades at $0.5200, while our model-based Fair Value estimate is $0.0935, 82.0% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 85/100, which puts the evidence level at low.
Scenario range: $0.0680 (bear) to $0.1360 (bull), the price of $0.5200 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 14/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Horizon Minerals Limited reported revenue of A$36.9M in FY2025 versus A$16.8M in FY2021, a compound +21.8%/yr. Reported net income was −A$23.8M in FY2025.
Key figures
Market cap $164M · P/S ratio 2.86 · EPS (TTM) $−0.0600 · Net margin −64.7% · Return on equity −3.9% · Return on assets (EBIT) −9.6% · Operating margin 28.9% · Revenue (TTM) A$97.6M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (medium confidence).
What moves the price
The share trades about 53% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −82%, HRZMF screens richer than that median.
Fair Value models
Bear $0.0680Fair Value $0.0935Bull $0.1360
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.30/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
3.1% (2021) → −51.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Gold · 233 stocks
Beats the industry median on 6/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score17 · Bottom 25%
Fair Value upside−82.0% · Bottom 25%
Profitability
Return on assets0.6% · Above median
Net margin (TTM)−3.7% · Bottom 25%
Operating margin (TTM)28.9% · Above median
Growth and dividend
Revenue growth96.0% · Top 25%
Valuation Multiplesvs Gold median · lower = cheaper
P/B1.96× · Cheaper than median
P/S (TTM)1.68× · Cheapest 25%
EV/EBITDA5.4× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 1
FUTURE (revenue growth)100· sector 100
PAST (return on equity)0· sector 2
HEALTH (low debt)0· sector 98
DIVIDEND (yield)0· sector 20
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Horizon Minerals Limited (HRZMF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $0.0935 versus a price of $0.5200, about −82% upside (overvalued).
What is the fair value of HRZMF?
Our model-based fair value for Horizon Minerals Limited is $0.0935 (as of Sep 24, 2026), built from audited fundamentals. The current price: $0.5200.
What is the quality score of HRZMF?
Horizon Minerals Limited has a Quality Score of 14/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Horizon Minerals Limited (HRZMF)?
Our model-based price target is the fair value of $0.0935 (as of Sep 24, 2026) from 1 valuation models. Cautious scenario $0.0680, optimistic scenario $0.1360. It is a calculation from audited fundamentals, not an analyst target.
What is the Horizon Minerals Limited stock forecast for 2026?
Our models put fair value at $0.0935, about −82% upside versus a price of $0.5200 (overvalued). Cautious scenario $0.0680, optimistic scenario $0.1360. The calculation is refreshed regularly with new filings.
What is the revenue of Horizon Minerals Limited (HRZMF)?
Horizon Minerals Limited reported trailing-twelve-month revenue of about A$97.6M (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Horizon Minerals Limited (HRZMF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Horizon Minerals Limited it is $0.0935 per share (as of Sep 24, 2026), against a price of $0.5200. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Horizon Minerals Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, HRZMF trades above its calculated fair value: price $0.5200, fair value $0.0935, a gap of about −82% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HRZMF?
No. The price is what the market pays today ($0.5200); the fair value is what the company's own numbers justify ($0.0935). For Horizon Minerals Limited the two are $0.4265 per share apart. That gap is exactly why we show both numbers side by side.
How much is Horizon Minerals Limited worth?
The market values Horizon Minerals Limited at about $164M (market capitalisation, as of Sep 24, 2026). Per share that is $0.5200; our models calculate a fair value of $0.0935 per share.
What do the bullish and bearish scenarios say about HRZMF?
Our models span a range for Horizon Minerals Limited: cautious scenario $0.0680, base $0.0935, optimistic $0.1360 per share (as of Sep 24, 2026, price $0.5200). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Horizon Minerals Limited (HRZMF)?
Balance-sheet figures for Horizon Minerals Limited (as of Sep 24, 2026): return on equity −3.9%. They feed the Quality Score of 14/100, which measures business quality independently of the share price.
How far is HRZMF from its 52-week high?
Horizon Minerals Limited trades at $0.5200, about 53% below its 52-week high of $1.12 and 18% above the low of $0.4400 (as of Sep 28, 2026). Distance from the high says nothing about value: that is what the fair value of $0.0935 is for.
Which stocks are comparable to Horizon Minerals Limited?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Wheaton Precious Metals Corp, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Horizon Minerals Limited stock attractive at the current price?
The data as of Sep 24, 2026: price $0.5200, calculated fair value $0.0935 (−82%), Quality Score 14/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HRZMF calculated?
We run Horizon Minerals Limited through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.0935, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. Horizon Minerals Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Horizon Minerals Limited (HRZMF)?
The closing price on Sep 28, 2026 was $0.5200. Our model-based fair value is $0.0935, about −82% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Horizon Minerals Limited right now?
The price sits above even our optimistic bull case ($0.1360). The favourable scenario is already priced in. Weak quality (14/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range ($0.0680 to $0.1360) leaves room in how you read the outcome.
Key figures of Horizon Minerals Limited
How large is the market capitalisation of Horizon Minerals Limited (HRZMF)?
The market capitalisation of Horizon Minerals Limited is $164M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Horizon Minerals Limited (HRZMF)?
The price-to-sales ratio of Horizon Minerals Limited is 2.86 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Horizon Minerals Limited (HRZMF)?
Earnings per share at Horizon Minerals Limited are $−0.0600. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Horizon Minerals Limited (HRZMF)?
The net margin of Horizon Minerals Limited is −64.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Horizon Minerals Limited (HRZMF)?
The return on equity (ROE) of Horizon Minerals Limited is −3.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Horizon Minerals Limited (HRZMF)?
On an EBIT basis the return on assets of Horizon Minerals Limited is −9.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Horizon Minerals Limited (HRZMF)?
The operating margin of Horizon Minerals Limited is 28.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Horizon Minerals Limited (HRZMF)?
Revenue at Horizon Minerals Limited is growing +96.0% versus a year earlier (3y avg +30.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Horizon Minerals Limited (HRZMF) generate?
The free cash flow of Horizon Minerals Limited is −A$25.2M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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Thin data
Sep 24, 2026