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NEW HORIZON AIRCRAFT LTD (HOVR) Stock Fundamental Analysis

NASDAQ:HOVR - Nasdaq - CA64550A1075 - Common Stock - Currency: USD

0.53  +0.03 (+6.7%)

After market: 0.5284 0 (-0.3%)

Fundamental Rating

1

Taking everything into account, HOVR scores 1 out of 10 in our fundamental rating. HOVR was compared to 66 industry peers in the Aerospace & Defense industry. HOVR may be in some trouble as it scores bad on both profitability and health. HOVR is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

HOVR had positive earnings in the past year.
In the past year HOVR has reported a negative cash flow from operations.
HOVR Yearly Net Income VS EBIT VS OCF VS FCFHOVR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2022 2023 0 2M -2M 4M 6M 8M

1.2 Ratios

Looking at the Return On Assets, with a value of 7.06%, HOVR is in the better half of the industry, outperforming 76.56% of the companies in the same industry.
Looking at the Return On Equity, with a value of 7.49%, HOVR is in line with its industry, outperforming 56.25% of the companies in the same industry.
Industry RankSector Rank
ROA 7.06%
ROE 7.49%
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
HOVR Yearly ROA, ROE, ROICHOVR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2022 2023 0 -10 -20 -30 -40

1.3 Margins

The Profit Margin and Operating Margin and Gross Margin are not available for HOVR so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
HOVR Yearly Profit, Operating, Gross MarginsHOVR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2022 2023

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2

2. Health

2.1 Basic Checks

HOVR has less shares outstanding than it did 1 year ago.
Compared to 1 year ago, HOVR has an improved debt to assets ratio.
HOVR Yearly Shares OutstandingHOVR Yearly Shares OutstandingYearly Shares Outstanding 2022 2023 5M 10M 15M
HOVR Yearly Total Debt VS Total AssetsHOVR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2022 2023 20M 40M 60M 80M 100M

2.2 Solvency

Based on the Altman-Z score of 1.18, we must say that HOVR is in the distress zone and has some risk of bankruptcy.
HOVR's Altman-Z score of 1.18 is on the low side compared to the rest of the industry. HOVR is outperformed by 78.13% of its industry peers.
HOVR has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
HOVR has a Debt to Equity ratio of 0.00. This is amongst the best in the industry. HOVR outperforms 93.75% of its industry peers.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 1.18
ROIC/WACCN/A
WACCN/A
HOVR Yearly LT Debt VS Equity VS FCFHOVR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2022 2023 0 20M 40M 60M 80M 100M

2.3 Liquidity

HOVR has a Current Ratio of 0.12. This is a bad value and indicates that HOVR is not financially healthy enough and could expect problems in meeting its short term obligations.
HOVR has a Current ratio of 0.12. This is amonst the worse of the industry: HOVR underperforms 98.44% of its industry peers.
HOVR has a Quick Ratio of 0.12. This is a bad value and indicates that HOVR is not financially healthy enough and could expect problems in meeting its short term obligations.
HOVR has a Quick ratio of 0.12. This is amonst the worse of the industry: HOVR underperforms 98.44% of its industry peers.
Industry RankSector Rank
Current Ratio 0.12
Quick Ratio 0.12
HOVR Yearly Current Assets VS Current LiabilitesHOVR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2022 2023 200K 400K 600K 800K

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0

3. Growth

3.1 Past

EPS 1Y (TTM)N/A
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A

3.2 Future

The Earnings Per Share is expected to decrease by -15.02% on average over the next years. This is quite bad
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2Y-52.94%
EPS Next 3Y-33.26%
EPS Next 5Y-15.02%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
HOVR Yearly Revenue VS EstimatesHOVR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2022 2023 2025 2026 2027 2028 2029 2030 50M 100M 150M 200M
HOVR Yearly EPS VS EstimatesHOVR Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2025 2026 2027 2028 2029 2030 0 0.2 -0.2 0.4 0.6

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2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 1.00, which indicates a rather cheap valuation of HOVR.
Based on the Price/Earnings ratio, HOVR is valued cheaper than 100.00% of the companies in the same industry.
When comparing the Price/Earnings ratio of HOVR to the average of the S&P500 Index (29.63), we can say HOVR is valued rather cheaply.
Industry RankSector Rank
PE 1
Fwd PE N/A
HOVR Price Earnings VS Forward Price EarningsHOVR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
HOVR Per share dataHOVR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3

4.3 Compensation for Growth

HOVR's earnings are expected to decrease with -33.26% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-52.94%
EPS Next 3Y-33.26%

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0

5. Dividend

5.1 Amount

HOVR does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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NEW HORIZON AIRCRAFT LTD

NASDAQ:HOVR (2/21/2025, 8:25:55 PM)

After market: 0.5284 0 (-0.3%)

0.53

+0.03 (+6.7%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners0.84%
Inst Owner Change178.07%
Ins Owners7.83%
Ins Owner Change-4.87%
Market Cap16.55M
Analysts82.86
Price Target2.04 (284.91%)
Short Float %1.84%
Short Ratio0.17
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 1
Fwd PE N/A
P/S N/A
P/FCF N/A
P/OCF N/A
P/B 0.14
P/tB 0.14
EV/EBITDA N/A
EPS(TTM)0.53
EY100%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.07
FCFYN/A
OCF(TTM)-0.07
OCFYN/A
SpS0
BVpS3.68
TBVpS3.68
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 7.06%
ROE 7.49%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.12
Quick Ratio 0.12
Altman-Z 1.18
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)N/A
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
EPS Next YN/A
EPS Next 2Y-52.94%
EPS Next 3Y-33.26%
EPS Next 5Y-15.02%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-16563.7%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3Y-60.02%
EBIT Next 5Y24.73%
FCF growth 1Y-21149.2%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-21149.2%
OCF growth 3YN/A
OCF growth 5YN/A