New Horizon Aircraft HOVR

NASDAQ HOVR
$1.42 +0.02 (+1.43%)
As of: Nov 10, 2026 · 10:21 AM EST

New Horizon Aircraft (HOVR) stock price is $1.42, up 1.43% on the day, as of Nov 10, 2026. It has a market cap of $93.21Mn, and is classified in the Commercial Aerospace industry (Industrials sector).

Key Stats
Market Cap93.21 Mn
P/E-4.92
FCF (Yr)-12.67 Mn
ROA (Yr)-71.84
EV to EBIT2.38
Net Income (Yr)-24.01 Mn
Enterprise Value-45.66 Mn
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About

New Horizon Aircraft Ltd. is an advanced aerospace original equipment manufacturer that designs a hybrid electric vertical takeoff and landing aircraft for the regional air mobility market. The company’s flagship product is the Cavorite X7 a seven seat hybrid electric aircraft that can take off and land vertically and then transition to efficient forward flight like a conventional airplane. New Horizon Aircraft Ltd. aims to serve customers who need faster and more flexible…

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Sectors: Industrials Technology Sector rationale The company is an aerospace original equipment manufacturer that designs and intends to sell the Cavorite X7 aircraft to civilian and military customers, which falls under Commercial Aerospace/Defense within Industrials. A secondary sector of Technology is justified because the company explicitly plans to monetize its business through the licensing of proprietary control software and hybrid electric power technology to third parties. Industries: Commercial Aerospace Commercial Aerospace Primary New Horizon Aircraft is an aerospace OEM that designs and manufactures the Cavorite X7, a hybrid electric aircraft for the regional air mobility market. Its primary revenue model is based on the sale of these aircraft to civilian customers and regional air mobility operators. Defense Defense Secondary The company specifically targets military operators and military units that require rapid, versatile transport in austere environments as a key customer segment for the Cavorite X7. Embedded Software Embedded Software Secondary The company plans to monetize its intellectual property by licensing proprietary control software related to its hybrid electric power technology and fan-in-wing system to third parties. Classified using BQ-MICS CIK: 0001930021
Peer percentiles

How New Horizon Aircraft ranks

Ranked against the 108 companies in Aerospace and Defense58 metrics · as of Nov 6, 2026

Valuation

12 metrics · Lower multiples rank higher; a negative multiple ranks last
  • P/ENegative earnings −3.91xMedian 24.7x 23rd
  • P/FCFNegative free cash flow −4.60xMedian 26.3x 24th
  • P/Operating cash flowNegative operating cash flow −4.93xMedian 20.5x 22nd
  • P/S 95.7xMedian 2.64x 3rd
  • P/B 1.56xMedian 2.38x 64th
  • P/Tangible book 1.56xMedian 2.67x 71st
  • EV/EBITDANegative EBITDA −1.34xMedian 14.2x 9th
  • EV/EBITNegative EBIT −1.32xMedian 19.7x 10th
  • EV/Revenue 32.1xMedian 2.90x 7th
  • EV/FCFNegative free cash flow −1.54xMedian 28.8x 9th
  • EV/Operating cash flowNegative operating cash flow −1.65xMedian 20.3x 9th
  • PEG (3Y EPS CAGR) —Median 0.89 No data —
Peer group

Peer Comparison

Companies in the Commercial Aerospace
View all peers
S.No. Ticker Company Market CapP/EP/STotal Debt (Qtr)
1 SPCX Space Exploration Technologies Corp 1,722.87 Bn956.6253.7838.84 Bn
2 GE General Electric Co 345.20 Bn37.926.5719.33 Bn
3 RTX RTX Corp 269.97 Bn32.132.8137.38 Bn
4 LMT Lockheed Martin Corp 137.94 Bn21.181.7420.50 Bn
5 BA Boeing Co 136.62 Bn18.691.4445.92 Bn
6 GD General Dynamics Corp 98.71 Bn21.201.757.02 Bn
7 HWM Howmet Aerospace Inc. 88.13 Bn42.939.064.83 Bn
8 HOVR New Horizon Aircraft Ltd. 0.09 Bn-4.92117.60-