HRZN - NASDAQ

Horizon Technology Finance Corporation

Horizon Technology Finance Corporation

HRZNยทNASDAQ

$4.43

-1.7%
Financial ServicesAsset Management

Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries. It seeks to invest in companies in the United States.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$195.49M
EPS1.0500
P/E Ratio4.22
Earnings Date08/06/2026
Horizon Technology Finance Corporation

Horizon Technology Finance Corporation Fair Value Envelope

HRZN ยท NASDAQ

Our analysis suggests that HRZN has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $4.43, this represents a potential HIDDEN relative to our calculated worth for Horizon Technology Finance Corporation.

HIDDEN
Intrinsic Value
Current Price: $4.43

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$19.4B
+ Cash & Equivalents$105.5M
Firm Value$19.5B
- Debt$473.0M
Equity Value$19.0B
/ Shares Outstanding42,545,719B
DCF Value$447
UNDERVALUED BY 9980%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$80.9M
$115.6M
$165.1M
$235.9M
$337.0M
$481.4M
$687.8M
$982.6M
$1.4B
$2.0B
Maintenance CapEx
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
Owner Earnings
$80.9M
$115.6M
$165.1M
$235.9M
$337.0M
$481.4M
$687.8M
$982.6M
$1.4B
$2.0B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$74.9M
$99.1M
$131.1M
$173.4M
$229.4M
$303.4M
$401.3M
$530.9M
$702.2M
$928.9M
Terminal Value represents 81.5% of Enterprise Value

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