Company Quick10K Filing
Heron Lake Bioenergy
10-Q 2020-01-31 Filed 2020-03-16
10-K 2019-10-31 Filed 2020-01-29
10-Q 2019-07-31 Filed 2019-09-16
10-Q 2019-04-30 Filed 2019-06-14
10-Q 2019-01-31 Filed 2019-03-18
10-K 2018-10-31 Filed 2019-01-29
10-Q 2018-07-31 Filed 2018-09-14
10-Q 2018-04-30 Filed 2018-06-14
10-Q 2018-01-31 Filed 2018-03-19
10-K 2017-10-31 Filed 2018-01-29
10-Q 2017-07-31 Filed 2017-09-14
10-Q 2017-04-30 Filed 2017-06-14
10-Q 2017-01-31 Filed 2017-03-17
10-K 2016-10-31 Filed 2017-01-30
10-Q 2016-07-31 Filed 2016-09-14
10-Q 2016-04-30 Filed 2016-06-14
10-Q 2016-01-31 Filed 2016-03-16
10-K 2015-10-31 Filed 2016-01-28
10-Q 2015-07-31 Filed 2015-09-14
10-Q 2015-04-30 Filed 2015-06-15
10-Q 2015-01-31 Filed 2015-03-16
10-K 2014-10-31 Filed 2015-01-28
10-Q 2014-07-31 Filed 2014-09-16
10-Q 2014-04-30 Filed 2014-06-16
10-Q 2014-01-31 Filed 2014-03-17
10-K 2013-10-31 Filed 2014-01-29
10-Q 2013-07-31 Filed 2013-09-16
10-Q 2013-04-30 Filed 2013-07-01
10-Q 2013-01-31 Filed 2013-06-11
10-K 2012-10-31 Filed 2013-02-13
10-Q 2012-07-31 Filed 2012-09-14
10-Q 2012-04-30 Filed 2012-06-14
10-Q 2012-01-31 Filed 2012-03-16
10-K 2011-10-31 Filed 2012-01-30
10-Q 2011-07-31 Filed 2011-09-14
10-Q 2011-04-30 Filed 2011-06-14
10-Q 2011-01-31 Filed 2011-03-15
10-K 2010-10-31 Filed 2011-01-21
10-Q 2010-07-31 Filed 2010-08-25
10-Q 2010-04-30 Filed 2010-06-14
10-Q 2010-01-31 Filed 2010-03-17
10-K 2009-10-31 Filed 2010-01-29
8-K 2020-04-29 Other Events
8-K 2020-03-19 Officers
8-K 2020-03-18 Shareholder Vote, Other Events
8-K 2019-12-23 Earnings, Regulation FD, Exhibits
8-K 2019-10-29 Enter Agreement
8-K 2019-10-22
8-K 2019-10-04 Enter Agreement
8-K 2019-05-07 Other Events
8-K 2019-03-25 Shareholder Vote
8-K 2018-12-19 Earnings, Regulation FD, Exhibits
8-K 2018-07-25 Officers
8-K 2018-04-09 Enter Agreement, Off-BS Arrangement
8-K 2018-03-27 Shareholder Vote

Heron Lake Bioenergy Financials

C964 Metrics, Comps, Filings

Quarterly | Annual

Business

Heron Lake BioEnergy, LLC was organized as a Minnesota limited liability company on April 12, 2001 under the name “Generation II, LLC”. In June 2004, we changed our name to Heron Lake BioEnergy, LLC.

In July 2013, Granite Falls Energy, LLC (“Granite Falls” or “GFE”) acquired a controlling interest in the Company from Project Viking, L.L.C. GFE, now a related party, owns an ethanol plant located in Granite Falls, Minnesota. As of January 29, 2019, GFE owns approximately 31.4% of our outstanding Class A membership units and 100.0% of our outstanding Class B Units, for total ownership of approximately 50.7%. As a result of its majority ownership, GFE has the right to appoint five (5) of the nine (9) governors to our board of governors under our member control agreement.

We operate a dry mill fuel-grade ethanol plant in Heron Lake, Minnesota. Since beginning operation of our ethanol plant on September 21, 2007, our primary business has been the production and sale of ethanol and co-products, including dried distillers’ grains and since February 2012, non-edible corn oil. Our plant was originally constructed as a coal fired plant but was converted to natural gas in November 2011.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Stemcell Holdings (STMM) 113% -1.0 26% 12,033 6,023 7,314 8,235 3,099 4,927 -5,116
FCCC (FCCC) 1.5 -61% 92 3 0 0 -56 -56 -82
Tapinator (TAPM) 0% 0.1 -99% 1,783 952 4,323 0 -1,762 -1,762 -260
Nogales Resources (NLRT) 0% 1 188 0 0 0 0 -1
Golden Growers Cooperative (GGRO) -0% 0% 26,919 2,171 42,425 -45 0 0 -3,508
Northern Power Systems (NPS) 22% 0.4 -27% 8,927 13,901 18,317 4,050 -2,379 -1,701 -670
Twin River Worldwide (TRWH) 0% 4.0 4% 1,070,918 808,153 393,158 0 41,775 112,100 449,560
Bio-En (BENH) 0.1 -643% 10 149 0 0 -67 -67 -5
Southwest Iowa Renewable Energy (SIRE) -1% -47.3 -1% 140,863 51,558 216,993 -1,931 -1,170 -537 25,396
Texas Republic Capital (TRCC) 0% 8.9 -5% 26,315 14,988 931 0 -1,274 -1,274 -11,328
Fannie Mae (FNM) 28.1 0% 3,494,436,000 3,484,094,000 0 0 13,025,000 119,732,000 3,361,548,000
CBA Florida (CBAI) 43.6 -1% 14,544 598 0 0 -211 -261 -11,368
Pacific Gold & Royalty (PCFG) -7.1 0 3,799 0 -3 -238 -45 320
BoxScore Brands (BOXS) 33% -8.3 -540% 313 7,564 338 110 -1,690 -702 5,793
Quest Management (QUEST) 27% -0.3 129% 13 6 45 12 16 16 -5
Zhen Ding Resources (RBTK) 0.1 48,309,900% 0 0 -483 -68 -6
Hines Global REIT (HGRI) 0% 1.7 19% 2,010,946 999,520 205,149 0 388,366 421,651 715,767
Wadena (WDN) 0% 0.0 -2,344% 12 696 87 0 -281 -278 -5
Galera Therapeutics (GRTX) 1.3 -17% 79,758 52,298 0 0 -13,351 -12,433 -15,719
Chase General (CSGN) 26% -0.5 -2% 1,563 1,016 2,493 658 -32 13 -7

Balance Sheet ($'000)2011-07-312011-10-312012-01-312012-04-302012-07-312012-10-312013-01-312013-04-302013-07-312013-10-312014-01-312014-04-302014-07-312014-10-312015-01-312015-04-302015-07-312015-10-312016-01-312016-04-302016-07-312016-10-312017-01-312017-04-302017-07-312017-10-312018-01-312018-04-302018-07-312018-10-312019-01-312019-04-302019-07-31
Cash4,4797,1412,5671,3371,6836537498891,0235431,1986,2561,1526626246321,8131,1261,1679511,2131,2981,1117,2047,71810,0651,0114,2235,6055,9963,2653,4386,044
Accounts Receivable6,5111,3783481,3468591,7852,0501,4273,0057496,0486,4336,8024,0568314,4651,1895,6714,7471,1945,9514,6073,9733601,7504,0324,0253,6871,7163,9531,5843,715761
Inventory9,6053,7654,0132,5972,7813,5893,1842,4272,3035,6044,0474,2336,2015,1876,1464,8226,4735,2595,4934,9614,0205,8656,7645,6486,4487,0647,7026,0896,5166,3997,4395,5808,830
PP&E110,494112,158112,934114,503114,04887,32287,54081,65181,75183,00583,63883,83585,70489,97790,78891,40553,43793,14952,34352,04151,41095,28449,59648,59847,67696,33145,58844,59145,08198,86642,92841,72140,375
Assets111,859104,13498,30296,30894,12366,58165,60559,78160,75460,79465,02169,14166,70066,12263,46964,89165,29766,69665,38360,69964,65163,77162,87163,31765,04468,87359,68760,44560,39062,02156,70055,94657,682
Accounts Payable1,5562,7051,8521,9558032,0861,7969479371,3012,0003,8034,7447,0486,1222,9702,3073,9142,0562,5802,4594,8782,3632,2923,0074,7712,3712,3432,6635,4142,2782,4774,173
Long-Term Debt52,01951,41846,79646,15445,86746,08346,61542,59523,48931,55329,02624,94310,7282,9596,16812,2396,9497,2308,1217,0557,1901,8841,7551,7261,5591,3981,2871,2761,118959951947791
Liabilities61,53154,62649,56548,92747,21249,23749,18144,35535,85133,65232,05429,851-11,23211,07516,89416,58313,18014,25016,85812,18813,32910,2716,5395,9666,2788,1056,6256,1135,7548,9665,6686,0307,439
Stockholders' Equity50,32849,50848,73747,38146,91117,34416,42415,42624,90327,14232,96739,29077,93255,04746,57548,30852,11752,44648,52448,51151,32253,50056,33257,35158,76660,76853,06254,33354,63553,05551,03149,91650,243
Income Statement ($'000)2011-07-312011-10-312012-01-312012-04-302012-07-312012-10-312013-01-312013-04-302013-07-312013-10-312014-01-312014-04-302014-07-312014-10-312015-01-312015-04-302015-07-312015-10-312016-01-312016-04-302016-07-312016-10-312017-01-312017-04-302017-07-312017-10-312018-01-312018-04-302018-07-312018-10-312019-01-312019-04-302019-07-31
Revenue43,01443,88438,86241,18640,97247,64044,12135,49945,58338,56040,91139,14939,08230,27627,17729,81430,19228,47726,58925,24230,36527,41027,39025,99128,54227,99527,97229,88126,25324,36625,69825,49527,368
Cost of Revenue42,32542,68338,59740,08439,98747,86143,20134,80041,52335,96933,73031,54730,79024,50225,33027,14025,43627,34125,73124,32226,63524,42523,97624,14126,29125,08126,39127,75325,16125,07526,73125,91426,120
Gross Profit6891,2012651,102985-1,1589206994,0602,5927,18110,7238,2925,7741,8472,6744,7561,1368589203,7302,9853,4141,8502,2512,9131,5812,1281,092-709-1,034-4201,248
R&D
SG&A8718518637156748401,009777880782742
Tax
Net Income-725-830-1,231-1,267-379-29,475-829-9222,6421,3775,9349,6896,8765,1219431,7973,84432958462,8462,1782,9151,0771,4482,0769781,356338-1,932-1,045362
Cash Flow ($'000)2011-07-312011-10-312012-01-312012-04-302012-07-312012-10-312013-01-312013-04-302013-07-312013-10-312014-01-312014-04-302014-07-312014-10-312015-01-312015-04-302015-07-312015-10-312016-01-312016-04-302016-07-312016-10-312017-01-312017-04-302017-07-312017-10-312018-01-312018-04-302018-07-312018-10-312019-01-312019-04-302019-07-31
Cash Operating32980636-1,2512623521,3193,8169,3257,0548,1243,217-1,7484,8012613395,5107675,3331,5126,8702,715-1,0494,4242,352-2,6312282,826
Cash Investing-776-244-1,425883-2183,779-648-634-185-1,880-846-538-890-972-422-718-315-1,132-319-341-110-207-209-237-812-93-50-64
Cash Financing-3,830-1,9661,135-66252-3,992-1,151-2,527-4,083-10,279-7,768-2,7172,645-2,648-525419-5,410627-4,929-1,359-666-161-7,797-974-158-8-4-157