H

Horizon Technology Finance Corp
NASDAQ:HRZN

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Horizon Technology Finance Corp
NASDAQ:HRZN
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Price: 9 USD 0.45% Market Closed
Market Cap: 342.5m USD
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Relative Value

The Relative Value of one HRZN stock under the Base Case scenario is 14.56 USD. Compared to the current market price of 9 USD, Horizon Technology Finance Corp is Undervalued by 38%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

HRZN Relative Value
Base Case
14.56 USD
Undervaluation 38%
Relative Value
Price
H
Worst Case
Base Case
Best Case

Valuation Multiples

7
P/S
P/S
Price to Sales
7
vs History
26
vs Industry
15
Median 3Y
5.6
Median 5Y
5.1
Industry
3.1
Forward
3.3
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
23
Median 3Y
10.5
Median 5Y
10.5
Industry
15.3
Forward
6.4
More Details
8.2
P/OCF
P/OCF
Price to OCF
8.2
vs History
7
vs Industry
Median 3Y
-2.4
Median 5Y
-2.8
Industry
10.2
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
Median 3Y
-11.3
Median 5Y
-6
Industry
12.8
More Details
1
P/B
P/B
Price to Book Value
1
vs History
53
vs Industry
40
Median 3Y
1.1
Median 5Y
1.1
Industry
1.3
More Details
12.8
EV/S
EV/S
Enterprise Value to Sales
12.8
vs History
22
vs Industry
9
Median 3Y
11
Median 5Y
10
Industry
4.8
Forward
6
More Details
2 846.5
EV/GP
EV/GP
Enterprise Value to Gross Profit
2 846.5
vs History
7
vs Industry
0
Median 3Y
20.6
Median 5Y
20.6
Industry
7
More Details
Negative
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
N/A
vs History
vs Industry
18
Median 3Y
17.3
Median 5Y
17.3
Industry
14.1
More Details
Negative
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
N/A
vs History
vs Industry
15
Median 3Y
17.3
Median 5Y
17.3
Industry
14.7
More Details
15
EV/OCF
EV/OCF
Enterprise Value to OCF
15
vs History
3
vs Industry
Median 3Y
-4.4
Median 5Y
-5.1
Industry
12.4
More Details
15
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
15
vs History
3
vs Industry
Median 3Y
-4.4
Median 5Y
-5.1
Industry
13.4
More Details
0.9
EV/IC
EV/IC
Enterprise Value to IC
0.9
vs History
73
vs Industry
34
Median 3Y
1
Median 5Y
1
Industry
0.9
More Details

Multiples Across Competitors

HRZN Competitors Multiples
Horizon Technology Finance Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Horizon Technology Finance Corp
NASDAQ:HRZN
340.2m USD 7 -88.1 -343.6 -343.6
US
Blackstone Inc
NYSE:BX
211.1B USD 18.5 94.9 38.8 39.1
US
BlackRock Inc
NYSE:BLK
154.5B USD 8 25.4 19.9 21.1
US
KKR & Co Inc
NYSE:KKR
133B USD 5.5 44.5 170.9 170.9
CA
Brookfield Corp
NYSE:BN
86.3B USD 0.9 117 9.9 14.3
LU
Reinet Investments SCA
JSE:RNI
63.2B Zac 0 0 0 0
ZA
Ninety One Ltd
JSE:NY1
62.2B Zac 0 0 0 0
MU
African Rainbow Capital Investments Ltd
JSE:AIL
58.7B Zac 0 0 0 0
US
Bank of New York Mellon Corp
NYSE:BK
56.4B USD 3.1 16.7 54 0
US
Ameriprise Financial Inc
NYSE:AMP
52.1B USD 3 19.2 18 18
UK
3i Group PLC
LSE:III
35B GBP 8.7 9.1 9.4 9.4
P/E Multiple
Earnings Growth PEG
US
H
Horizon Technology Finance Corp
NASDAQ:HRZN
Average P/E: 46.7
Negative Multiple: -88.1 		N/A N/A
US
Blackstone Inc
NYSE:BX
94.9
85%
1.1
US
BlackRock Inc
NYSE:BLK
25.4
16%
1.6
US
KKR & Co Inc
NYSE:KKR
44.5
22%
2
CA
Brookfield Corp
NYSE:BN
117
100%
1.2
LU
R
Reinet Investments SCA
JSE:RNI
Not Available N/A N/A
ZA
N
Ninety One Ltd
JSE:NY1
Not Available N/A N/A
MU
A
African Rainbow Capital Investments Ltd
JSE:AIL
Not Available N/A N/A
US
Bank of New York Mellon Corp
NYSE:BK
16.7
21%
0.8
US
Ameriprise Financial Inc
NYSE:AMP
19.2
17%
1.1
UK
3i Group PLC
LSE:III
9.1
16%
0.6
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
H
Horizon Technology Finance Corp
NASDAQ:HRZN
Average EV/EBITDA: 45.9
Negative Multiple: -343.6 		N/A N/A
US
Blackstone Inc
NYSE:BX
38.8
51%
0.8
US
BlackRock Inc
NYSE:BLK
19.9
20%
1
US
KKR & Co Inc
NYSE:KKR
170.9
61%
2.8
CA
Brookfield Corp
NYSE:BN
9.9
-24%
N/A
LU
R
Reinet Investments SCA
JSE:RNI
Not Available N/A N/A
ZA
N
Ninety One Ltd
JSE:NY1
Not Available N/A N/A
MU
A
African Rainbow Capital Investments Ltd
JSE:AIL
Not Available N/A N/A
US
Bank of New York Mellon Corp
NYSE:BK
54
N/A N/A
US
Ameriprise Financial Inc
NYSE:AMP
18
11%
1.6
UK
3i Group PLC
LSE:III
9.4
13%
0.7
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
H
Horizon Technology Finance Corp
NASDAQ:HRZN
Average EV/EBIT: 45.5
Negative Multiple: -343.6 		N/A N/A
US
Blackstone Inc
NYSE:BX
39.1
46%
0.8
US
BlackRock Inc
NYSE:BLK
21.1
19%
1.1
US
KKR & Co Inc
NYSE:KKR
170.9
48%
3.6
CA
Brookfield Corp
NYSE:BN
14.3
-40%
N/A
LU
R
Reinet Investments SCA
JSE:RNI
Not Available N/A N/A
ZA
N
Ninety One Ltd
JSE:NY1
Not Available N/A N/A
MU
A
African Rainbow Capital Investments Ltd
JSE:AIL
Not Available N/A N/A
US
Bank of New York Mellon Corp
NYSE:BK
Not Available N/A N/A
US
Ameriprise Financial Inc
NYSE:AMP
18
5%
3.6
UK
3i Group PLC
LSE:III
9.4
18%
0.5

See Also

Summary
HRZN intrinsic value, competitors valuation, and company profile.
DCF Valuation
HRZN stock valuation using Discount Cash Flow valuation method.
Relative Valuation
HRZN stock valuation using valuation multiples.
Wall Street Estimates
HRZN price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
HRZN stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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