Horizon North Log. : Young and strong!
Horizon North Logistic is a Canadian company providing installations as mobile structures, camp management and catering, matting solutions and northern marine services to companies specialized in resources exploration. HNL operates in Canada’s western provinces and northern territories.
From fundamental viewpoint, the company was founded in June 2006 but presents an interesting growing profile with a turnover expected to be 20% up in 2011 at 503 million Canadian dollars. Net result will take 58% at CAD 71 million. Earnings per share are still limited but could growth significantly due to the young profile of the company. Thomson-Reuters consensus is confident with the mark of 8.57/10.
Technically the stock is defensive and its weekly configuration shows a consolidation phase close to the CAD 6.25 resistance. Moving averages are well oriented and a new impulse could take place on the CAD 5.7 level, crossing point of 100 and 50-days moving averages. An upward trend should be able to push the stock to its CAD 6.25 level, representing its historical highest, recorded in March 2012.
Investors could take a buying position on the stock with an objective at CAD 6.25. A stop loss could be engaged at CAD 5.1, below support.
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Valuation |
2013e |
2014e |
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PER (Price / EPS)
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10,3x |
9,19x |
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Capitalization / Revenue
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1,32x |
1,26x |
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EV / Revenue
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1,41x |
1,34x |
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EV / EBITDA
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5,20x |
4,79x |
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Yield (DPS / Price)
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3,45% |
3,49% |
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