HORIZON BANCORP, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.66 USD | -1.60% |
|
-1.52% | -18.52% |
| Apr. 25 | Transcript : Horizon Bancorp, Inc., Q1 2024 Earnings Call, Apr 25, 2024 | |
| Apr. 24 | Earnings Flash (HBNC) HORIZON BANCORP Reports Q1 EPS $0.32, vs. Street Est of $0.31 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 854.4 | 695.9 | 907.4 | 657.1 | 624.6 | 514.4 | - |
| Enterprise Value (EV) 1 | 854.4 | 695.9 | 907.4 | 657.1 | 624.6 | 514.4 | 514.4 |
| P/E ratio | 12.4 x | 10.2 x | 10.5 x | 7.05 x | 22.4 x | 8.82 x | 7.64 x |
| Yield | 2.42% | 3.03% | 2.69% | 4.18% | 4.47% | 5.63% | 5.9% |
| Capitalization / Revenue | 4.19 x | 3.02 x | 3.79 x | 2.66 x | 3.33 x | 2.31 x | 2.13 x |
| EV / Revenue | 4.19 x | 3.02 x | 3.79 x | 2.66 x | 3.33 x | 2.31 x | 2.13 x |
| EV / EBITDA | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - |
| Price to Book | 1.3 x | 1.01 x | 1.26 x | 0.97 x | 0.87 x | 0.68 x | 0.64 x |
| Nbr of stocks (in thousands) | 44,970 | 43,881 | 43,521 | 43,574 | 43,649 | 44,116 | - |
| Reference price 2 | 19.00 | 15.86 | 20.85 | 15.08 | 14.31 | 11.66 | 11.66 |
| Announcement Date | 1/29/20 | 1/27/21 | 1/26/22 | 1/25/23 | 1/24/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 203.8 | 230.6 | 239.6 | 247 | 187.7 | 222.2 | 241.2 |
| EBITDA | - | - | - | - | - | - | - |
| EBIT 1 | 86.89 | 99.12 | 100.4 | 103.8 | 41.46 | 71.28 | 83.31 |
| Operating Margin | 42.62% | 42.99% | 41.88% | 42.02% | 22.08% | 32.07% | 34.54% |
| Earnings before Tax (EBT) 1 | 79.84 | 78.37 | 102.4 | 105.6 | 39 | 63.45 | 70.86 |
| Net income 1 | 66.54 | 68.5 | 87.09 | 93.41 | 27.98 | 57.76 | 66.58 |
| Net margin | 32.64% | 29.71% | 36.34% | 37.82% | 14.9% | 25.99% | 27.6% |
| EPS 2 | 1.530 | 1.550 | 1.980 | 2.140 | 0.6400 | 1.322 | 1.526 |
| Free Cash Flow | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.4600 | 0.4800 | 0.5600 | 0.6300 | 0.6400 | 0.6560 | 0.6880 |
| Announcement Date | 1/29/20 | 1/27/21 | 1/26/22 | 1/25/23 | 1/24/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 62.59 | 62.8 | 62.33 | 65.44 | 63.58 | 59.46 | 54.86 | 57.16 | 53.92 | 21.81 | 53.22 | 55.19 | 56.48 | 57.08 | 57.82 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 26.19 | 23.43 | 25.72 | 29.07 | 25.23 | 23.74 | 20.83 | 20.9 | 17.75 | -17.52 | 16.11 | 17.29 | 18.57 | 19.02 | 18.73 |
| Operating Margin | 41.85% | 37.31% | 41.26% | 44.43% | 39.69% | 39.94% | 37.98% | 36.56% | 32.92% | -80.35% | 30.27% | 31.33% | 32.87% | 33.32% | 32.39% |
| Earnings before Tax (EBT) 1 | 27.13 | 25.5 | 27.1 | 28.83 | 25.83 | 23.81 | 20.09 | 20.22 | 17.75 | -18.8 | 15.3 | 14.89 | 16.63 | 16.75 | 15.92 |
| Net income 1 | 23.07 | 21.42 | 23.56 | 24.86 | 23.82 | 21.16 | 18.23 | 18.76 | 16.2 | -25.22 | 13.99 | 13.64 | 15.04 | 15.15 | 14.75 |
| Net margin | 36.86% | 34.11% | 37.81% | 37.99% | 37.46% | 35.6% | 33.23% | 32.83% | 30.05% | -115.62% | 26.29% | 24.71% | 26.64% | 26.55% | 25.5% |
| EPS 2 | 0.5200 | 0.4900 | 0.5400 | 0.5700 | 0.5500 | 0.4800 | 0.4200 | 0.4300 | 0.3700 | -0.5800 | 0.3200 | 0.3100 | 0.3450 | 0.3475 | 0.3375 |
| Dividend per Share 2 | 0.1500 | 0.1500 | 0.1500 | 0.1600 | 0.1600 | 0.1600 | 0.1600 | 0.1600 | 0.1600 | 0.1600 | 0.1600 | 0.1600 | 0.1650 | 0.1675 | 0.1700 |
| Announcement Date | 10/27/21 | 1/26/22 | 4/27/22 | 7/27/22 | 10/26/22 | 1/25/23 | 4/26/23 | 7/26/23 | 10/25/23 | 1/24/24 | 4/24/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 11% | 10.3% | 12.2% | 13.7% | 3.96% | 7.9% | 8.36% |
| ROA (Net income/ Total Assets) | 1.35% | 1.22% | 1.34% | 1.24% | 0.36% | 0.74% | 0.83% |
| Assets 1 | 4,929 | 5,615 | 6,499 | 7,533 | 7,773 | 7,805 | 7,983 |
| Book Value Per Share 2 | 14.60 | 15.80 | 16.60 | 15.60 | 16.50 | 17.10 | 18.10 |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - |
| Announcement Date | 1/29/20 | 1/27/21 | 1/26/22 | 1/25/23 | 1/24/24 | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
11.66
USD
Average target price
14.62
USD
Spread / Average Target
+25.43%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -18.52% | 514M | |
| +13.75% | 556B | |
| +12.36% | 298B | |
| +8.64% | 247B | |
| +21.72% | 210B | |
| +16.11% | 170B | |
| +6.88% | 162B | |
| +4.42% | 153B | |
| -11.67% | 138B | |
| +0.10% | 139B |
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- Financials Horizon Bancorp, Inc.
