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New Horizon Aircraft Ltd. (HOVR) 10-Year Financial Performance & Capital Metrics

HOVR • • Industrial / General
IndustrialsAerospace & DefenseUrban Air Mobility & eVTOLAdvanced eVTOL Technology
AboutNew Horizon Aircraft Ltd., an aerospace engineering company, focuses on designing and developing the hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market primarily in the United States. It is developing Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically. The company was founded in 2013 and is headquartered in Lindsay, Canada.Show more
  • Revenue $0
  • EBITDA -$13M -194.4%
  • Net Income $5M +163.7%
  • EPS (Diluted) 0.17 +122.4%
  • Gross Margin -
  • EBITDA Margin -
  • Operating Margin -
  • Net Margin -
  • ROE 200.77%
  • ROIC -
  • Debt/Equity 0.01
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Excellent 3Y average ROE of 200.8%
  • ✓Momentum leader: RS Rating 93 (top 7%)

✗Weaknesses

  • ✗Shares diluted 100.0% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Expensive at 27.6x book value
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-419.05%

EPS CAGR

10Y-
5Y-
3Y-
TTM-907.34%

ROCE

10Y Avg-279.74%
5Y Avg-279.74%
3Y Avg-301.46%
Latest-254%

Peer Comparison

Advanced eVTOL Technology
Select Columns
Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
Dividends
Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
HOVRNew Horizon Aircraft Ltd.102.67M2.3213.65-214.98%0.01

Profit & Loss

May 2022May 2023May 2024May 2025
Sales/Revenue+0000
Revenue Growth %----
Cost of Goods Sold+0000
COGS % of Revenue----
Gross Profit+0000
Gross Margin %----
Gross Profit Growth %----
Operating Expenses+1.78M1.46M4.62M13.59M
OpEx % of Revenue----
Selling, General & Admin1.09M787K3.74M9.93M
SG&A % of Revenue----
Research & Development666.02K676K880K3.66M
R&D % of Revenue----
Other Operating Expenses23.98K000
Operating Income+-1.78M-1.46M-4.62M-13.59M
Operating Margin %----
Operating Income Growth %-0.18%-2.16%-1.94%
EBITDA+-1.76M-1.44M-4.57M-13.45M
EBITDA Margin %----
EBITDA Growth %-0.18%-2.18%-1.94%
D&A (Non-Cash Add-back)24.26K27K56K138K
EBIT-1.78M-1.46M-4.62M-13.59M
Net Interest Income+00-164.32K120.96K
Interest Income000120.96K
Interest Expense00164.32K0
Other Income/Expense127.82K216K-3.54M18.79M
Pretax Income+-1.65M-1.25M-8.16M5.2M
Pretax Margin %----
Income Tax+0000
Effective Tax Rate %1%1%1%1%
Net Income+-1.65M-1.25M-8.16M5.2M
Net Margin %----
Net Income Growth %-0.25%-5.54%1.64%
Net Income (Continuing)-1.65M-1.25M-8.16M5.2M
Discontinued Operations0000
Minority Interest0000
EPS (Diluted)+-0.24-0.17-0.760.17
EPS Growth %-0.29%-3.47%1.22%
EPS (Basic)-0.24-0.17-0.760.20
Diluted Shares Outstanding6.9M7.33M10.72M30.76M
Basic Shares Outstanding6.9M7.33M10.72M30.59M
Dividend Payout Ratio----

Balance Sheet

May 2022May 2023May 2024May 2025
Total Current Assets+6.83K245.48K4.66M8.17M
Cash & Short-Term Investments4.32K227.97K1.82M7.55M
Cash Only4.32K227.97K1.82M7.55M
Short-Term Investments0000
Accounts Receivable015K417K96K
Days Sales Outstanding----
Inventory0000
Days Inventory Outstanding----
Other Current Assets0000
Total Non-Current Assets+1.16M1.17M280K239K
Property, Plant & Equipment262.41K194.11K128K87K
Fixed Asset Turnover----
Goodwill0000
Intangible Assets00152K152K
Long-Term Investments0000
Other Non-Current Assets894.78K971.99K00
Total Assets+1.16M1.41M4.94M8.41M
Asset Turnover----
Asset Growth %-0.21%2.5%0.7%
Total Current Liabilities+334.46K1.49M1.33M1.33M
Accounts Payable159.91K186.56K715K679K
Days Payables Outstanding----
Short-Term Debt90.11K1.22M00
Deferred Revenue (Current)0000
Other Current Liabilities0084K171K
Current Ratio0.02x0.16x3.50x6.16x
Quick Ratio0.02x0.16x3.50x6.16x
Cash Conversion Cycle----
Total Non-Current Liabilities+2.11M336.67K21.54M4.5M
Long-Term Debt1.98M263.13K00
Capital Lease Obligations122.5K73.54K30K8K
Deferred Tax Liabilities0000
Other Non-Current Liabilities0021.51M4.49M
Total Liabilities2.44M1.83M22.88M5.82M
Total Debt+2.25M1.6M74K30K
Net Debt2.25M1.38M-1.74M-7.52M
Debt / Equity---0.01x
Debt / EBITDA----
Net Debt / EBITDA----
Interest Coverage---28.14x-
Total Equity+-1.28M-413.49K-17.93M2.59M
Equity Growth %-0.68%-42.37%1.14%
Book Value per Share-0.19-0.06-1.670.08
Total Shareholders' Equity-1.28M-413.49K-17.93M2.59M
Common Stock3.1M5.08M74.41M84.56M
Retained Earnings-4.38M-5.55M-14.68M-9.48M
Treasury Stock0000
Accumulated OCI0000
Minority Interest0000

Cash Flow

May 2022May 2023May 2024May 2025
Cash from Operations+-1.62M-1.01M-3.31M-9.31M
Operating CF Margin %----
Operating CF Growth %-0.38%-2.28%-1.81%
Net Income-1.65M-1.17M-8.16M5.2M
Depreciation & Amortization24.26K26.95K56K138K
Stock-Based Compensation054.63K66K1.49M
Deferred Taxes0-15.94K00
Other Non-Cash Items23.41K129.84K4.14M-18.38M
Working Capital Changes-17.94K-35.75K586K2.24M
Change in Receivables0-15K-402K321K
Change in Inventory0000
Change in Payables00184K-36K
Cash from Investing+-130.57K-77.21K-209K-142K
Capital Expenditures-44.41K-77.21K0-142K
CapEx % of Revenue----
Acquisitions----
Investments----
Other Investing-86.17K0-209K0
Cash from Financing+1.6M1.31M5.11M15.19M
Debt Issued (Net)----
Equity Issued (Net)----
Dividends Paid0000
Share Repurchases----
Other Financing0270.96K-1.61M2.88M
Net Change in Cash----
Free Cash Flow+-1.75M-1.09M-3.52M-9.45M
FCF Margin %----
FCF Growth %-0.38%-2.23%-1.69%
FCF per Share-0.25-0.15-0.33-0.31
FCF Conversion (FCF/Net Income)0.98x0.81x0.41x-1.79x
Interest Paid0000
Taxes Paid001.13M0

Key Ratios

Metric2022202320242025
Return on Equity (ROE)---200.77%
Return on Invested Capital (ROIC)--113.34%--
Debt / Equity---0.01x
Interest Coverage---28.14x-
FCF Conversion0.98x0.81x0.41x-1.79x

Frequently Asked Questions

Valuation & Price

New Horizon Aircraft Ltd. (HOVR) has a price-to-earnings (P/E) ratio of 13.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

New Horizon Aircraft Ltd. (HOVR) grew revenue by 0.0% over the past year. Growth has been modest.

New Horizon Aircraft Ltd. (HOVR) reported a net loss of $31.1M for fiscal year 2025.

Dividend & Returns

New Horizon Aircraft Ltd. (HOVR) has a return on equity (ROE) of 200.8%. This is excellent, indicating efficient use of shareholder capital.

New Horizon Aircraft Ltd. (HOVR) had negative free cash flow of $10.9M in fiscal year 2025, likely due to heavy capital investments.

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