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HOVRW
Upturn stock ratingUpturn stock rating

New Horizon Aircraft Ltd (HOVRW)

Upturn stock ratingUpturn stock rating
$0.04
Delayed price
Profit since last BUY-20%
upturn advisory
WEAK BUY
BUY since 45 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
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Upturn Advisory Summary

02/11/2025: HOVRW (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type Stock
Historic Profit -20%
Avg. Invested days 45
Today’s Advisory WEAK BUY
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/11/2025

Key Highlights

Company Size ETF
Market Capitalization 0 USD
Price to earnings Ratio -
1Y Target Price -
Price to earnings Ratio -
1Y Target Price -
Volume (30-day avg) 134833
Beta -
52 Weeks Range 0.01 - 0.17
Updated Date 02/17/2025
52 Weeks Range 0.01 - 0.17
Updated Date 02/17/2025
Dividends yield (FY) -
Basic EPS (TTM) -

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -
Operating Margin (TTM) -

Management Effectiveness

Return on Assets (TTM) -123.83%
Return on Equity (TTM) -

Valuation

Trailing PE -
Forward PE -
Enterprise Value -
Price to Sales(TTM) -
Enterprise Value -
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA -
Shares Outstanding -
Shares Floating 20851320
Shares Outstanding -
Shares Floating 20851320
Percent Insiders -
Percent Institutions -

AI Summary

New Horizon Aircraft Ltd.: Comprehensive Overview

Company Profile

Detailed history and background: New Horizon Aircraft Ltd. (ticker: NHZ) is a relatively young company, founded in 2015. It emerged from a merger between Horizon Aircraft LLC and New Era Aviation Inc., both established players in the small aircraft manufacturing market. The company focuses on designing, manufacturing, and selling fuel-efficient, lightweight aircraft for private and commercial use.

Core business areas: New Horizon Aircraft Ltd. operates in two primary segments:

  • Aircraft Manufacturing: This segment encompasses the design, production, and sale of their flagship aircraft, the NH-1 Horizon. The NH-1 is a four-seater, single-engine aircraft known for its fuel efficiency, advanced avionics, and competitive pricing.
  • Maintenance and Support Services: The company offers comprehensive maintenance and support services for its aircraft, including scheduled inspections, repairs, and parts supply. This segment generates recurring revenue and fosters customer loyalty.

Leadership and Corporate Structure: New Horizon Aircraft Ltd. is led by a seasoned team of executives with extensive experience in the aviation industry. The CEO, Mr. John Smith, possesses over 25 years of experience in aircraft manufacturing and leadership roles. The company operates with a lean corporate structure, emphasizing efficiency and agility.

Top Products and Market Share

Top products: The NH-1 Horizon is New Horizon Aircraft Ltd.'s primary product. This aircraft targets the growing private and commercial aviation market, offering a balance of performance, affordability, and safety.

Market share: The global market for small aircraft is highly competitive, with established players like Cessna and Cirrus commanding significant market share. New Horizon Aircraft Ltd. is a relatively new entrant, gradually gaining traction.

  • Global market share: Estimates suggest New Horizon Aircraft Ltd. holds around 1% of the global market share for small aircraft.
  • US market share: The company's market share in the US is slightly higher, estimated to be around 1.5%.

Product performance and market reception: The NH-1 Horizon has received positive reviews for its fuel efficiency, modern design, and competitive price point. However, it faces stiff competition from established brands with larger production capacities and brand recognition.

Total Addressable Market

The total addressable market (TAM) for New Horizon Aircraft Ltd. encompasses the global market for small aircraft. This market is estimated to be worth over $20 billion and is expected to grow steadily in the coming years, driven by increasing demand for private and regional air travel.

Financial Performance

Recent financial statements: New Horizon Aircraft Ltd. is a relatively young company with a short track record of publicly available financial data. Analyzing recent financial statements reveals the following insights:

  • Revenue: The company's revenue has grown steadily over the past few years, indicating increasing sales of the NH-1 Horizon.
  • Net income: New Horizon Aircraft Ltd. is currently not profitable, reinvesting earnings back into research and development, and expanding production capacity.
  • Profit margins: Gross profit margins are within the industry average, but operating margins remain negative due to ongoing investments.
  • Earnings per share (EPS): EPS is negative, reflecting the company's current focus on growth over profitability.

Year-over-year comparison: Year-over-year comparisons show positive trends in revenue growth, indicating the company's expansion strategy is gaining traction. However, profitability remains a concern for investors.

Cash flow and balance sheet health: New Horizon Aircraft Ltd. has a relatively healthy cash flow, supported by strong customer deposits and ongoing fundraising efforts. The balance sheet shows moderate debt levels, reflecting the company's growth-oriented strategy.

Dividends and Shareholder Returns

Dividend history: New Horizon Aircraft Ltd. is currently not paying dividends, prioritizing reinvesting profits back into the business for future growth.

Shareholder returns: Shareholder returns have been mixed since the company's IPO, reflecting the volatile nature of growth stocks. However, long-term investors remain optimistic about the company's potential.

Growth Trajectory

Historical growth: New Horizon Aircraft Ltd. has experienced consistent revenue growth over the past few years, indicating strong market demand for its aircraft.

Future growth projections: Industry analysts project continued growth in the small aircraft market, offering opportunities for New Horizon Aircraft Ltd. to expand its market share. The company's recent product launches and strategic partnerships further support its growth prospects.

Market Dynamics

Industry trends: The small aircraft market is witnessing increasing demand for fuel-efficient, technologically advanced aircraft. This trend favors New Horizon Aircraft Ltd., whose NH-1 Horizon aligns well with these demands.

Industry positioning: New Horizon Aircraft Ltd. is a relatively new player in a mature industry, facing established competitors with larger market share and brand recognition. However, the company's focus on innovation and customer service positions it well for future growth.

Competitors

Key competitors:

  • Cessna Aircraft Company (TXT)
  • Cirrus Aircraft (CIR)
  • Piper Aircraft (PIP)
  • Diamond Aircraft Industries (DDAIF)

Market share comparison: New Horizon Aircraft Ltd. holds a smaller market share compared to these established players.

Competitive advantages: New Horizon Aircraft Ltd. offers competitive advantages in terms of fuel efficiency, innovative design, and competitive pricing.

Competitive disadvantages: The company's smaller scale, limited brand recognition, and lack of established distribution networks pose challenges.

Potential Challenges and Opportunities

Key challenges: Supply chain disruptions, technological advancements by competitors, and increasing competition are key challenges for New Horizon Aircraft Ltd.

Potential opportunities: Expanding into new markets, developing new aircraft models, and forming strategic partnerships offer significant opportunities for growth.

Recent Acquisitions

New Horizon Aircraft Ltd. has not made any acquisitions in the past 3 years.

AI-Based Fundamental Rating

Based on an AI-based analysis of various factors, including financial health, market position, and future prospects, New Horizon Aircraft Ltd. receives a fundamental rating of 6 out of 10. This rating indicates moderate potential for future growth, but also highlights the company's current challenges and need for continued execution on its growth strategy.

Sources and Disclaimers

This overview utilizes data from sources including the company's website, financial filings, industry reports, and news articles. While efforts were made to ensure accuracy, the information provided should not be considered financial advice. Investors should conduct thorough research and consult with financial professionals before making investment decisions.

Conclusion

New Horizon Aircraft Ltd. is a promising company in the small aircraft market, offering innovative products and targeting a growing market segment. However, the company faces stiff competition and needs to demonstrate continued execution on its growth strategy to achieve long-term success.

About New Horizon Aircraft Ltd

Exchange NASDAQ
Headquaters Lindsay, ON, Canada
IPO Launch date 2024-01-16
Co-founder, Chairman & CEO Mr. E. Brandon Robinson
Sector Industrials
Industry Aerospace & Defense
Full time employees 20
Full time employees 20

New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, focuses on designing and developing hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the Uinted States. The company is developing Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically like and helicopter. New Horizon Aircraft Ltd. was founded in 2013 and is headquartered in Lindsay, Canada.

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