Friday 6 November 2026
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New Horizon Aircraft Ltd.
HOVR Industrials Aerospace & Defense
- EPS
- +76.2%
- Free cash flow
- −208.2%
Quarter to August 2026, against a year earlier
1.13
0.04
−3.42%
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Analyst price targets
Free accountTen years at a glance
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM Aug ’26 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | — | — | — | — | — | 2 | 2 | 16 | +182.8% | |
| Gross margin, % | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| EBT | — | — | — | — | — | 0 | 10 | (6) | 4 | (24) | (19) | +624.7% | ||||||
| EBT margin, % | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 pt | ||||||
| Net income | — | — | — | — | — | 0 | 9 | (6) | 4 | (24) | (19) | +624.7% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | n/m | |||||
| Earnings | — | — | — | — | — | 0.00 | 1.75 | (0.55) | 0.14 | (0.56) | (0.41) | +269.6% | ||||||
| Cash flow | — | — | — | — | — | 0.00 | (0.43) | (0.22) | (0.26) | (0.28) | (0.23) | +198.5% | ||||||
| Capex | — | — | — | — | — | 0.00 | 0.00 | (0.01) | 0.00 | (0.02) | (0.02) | n/m | ||||||
| Free cash flow | — | — | — | — | — | 0.00 | (0.43) | (0.24) | (0.27) | (0.29) | (0.25) | +202.8% | ||||||
| Book value | — | — | — | — | — | 0.01 | (1.39) | (1.20) | 0.07 | 1.20 | 0.74 | +280.7% | ||||||
| Shares, m | — | — | — | — | — | 3 | 5 | 11 | 26 | 43 | 49 | +97.1% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | — | — | 0 | — | |||||
| P/S | — | — | — | — | — | — | — | — | — | — | 0 | — | ||||||
| P/B | — | — | — | — | — | — | — | — | — | — | 0 | — | ||||||
| EV/Sales | — | — | — | — | — | — | — | — | — | — | 0 | — | ||||||
| EV/FCF | — | — | — | — | — | — | — | — | — | — | 0 | — | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | 0 | (2) | (2) | (7) | (12) | (15) | +486.6% | |||||
| Capex | — | — | — | — | — | 0 | — | 0 | 0 | (1) | (1) | n/m | ||||||
| Free cash flow | — | — | — | — | — | 0 | (2) | (3) | (7) | (13) | (16) | +495.0% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | 0 | (1) | 2 | 5 | 57 | 51 | n/m | |||||
| Net debt | — | — | — | — | — | 0 | 0 | (1) | (5) | (57) | (50) | +403.5% | ||||||
| Shareholders’ equity | — | — | — | — | — | 0 | (7) | (13) | 2 | 52 | 48 | +650.0% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | (3.79) | 14.08 | (9.31) | 78.21 | (71.79) | (57.33) | (68.0) pt | |||||
| ROIC | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 pt | ||||||
| ROE | — | — | — | — | — | 0.00 | (218.39) | 59.32 | (48.59) | (108.25) | (80.54) | (108.2) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 3 | 12 | 16 | 30 | 58 | — | +109.7% | |||||
| Revenue/emp, $m | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fundamentals updated 2 Nov 2026
New Horizon Aircraft Ltd. vs peers in Aerospace & Defense (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| CODA Coda Octopus Group Inc. | $90.7M | 18.5× | 19.2× | +9.24% (above 0%: growing) | +9.09% (above 0%: growing) | −24.37% (below 0%: shrinking) | 65.44% | 19.87% | Compare |
| BYRN Byrna Technologies Inc. | $87.5M | — (loss-making) | — (loss-making) | −45.72% (below 0%: shrinking) | n/m | +87.91% (above 0%: growing) | 79.46% | (19.16%) | Compare |
| MRLN Merlin Inc | $78.3M | — (loss-making) | — | — | n/m | −119.70% (below 0%: shrinking) | (5.42%) | (1,528.58%) | Compare |
| HOVR New Horizon Aircraft Ltd. | $75.9M | — (loss-making) | — | — | n/m | −208.15% (below 0%: shrinking) | — | 0.00% | |
| EVTL Vertical Aerospace Ltd. | $66.7M | 0.9× | — | — | n/m | −586.27% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| CVU CPI Aerostructures, Inc. | $59.1M | 15.3× | 5.8× | +15.83% (above 0%: growing) | n/m | +98.60% (above 0%: growing) | 22.02% | 6.80% | Compare |
| OPXS Optex Systems Holdings Inc. | $56.2M | 15.0× | 13.8× | −12.43% (below 0%: shrinking) | −18.18% (below 0%: shrinking) | +53.00% (above 0%: growing) | 34.18% | 14.30% | Compare |
| SPAI Safe Pro Group Inc. | $56.2M | — (loss-making) | — (loss-making) | +1,335.45% (above 0%: growing) | n/m | −159.09% (below 0%: shrinking) | 64.02% | (245.60%) | Compare |
| PEW GrabAGun Digital Holdings Inc. | $55.2M | — (loss-making) | — | +9.37% (above 0%: growing) | n/m | −650.00% (below 0%: shrinking) | 13.46% | (11.08%) | Compare |
| Median of peers | $62.9M | 15.2× | 13.8× | +9.31% | — | −72.03% | 28.10% | (5.54%) |
Pay and ownership Proxy statement filed 27 October 2025
Ownership
Directors and executive officers, together
10.80%
Canso Investment Counsel Ltd.
30.70%
Dustin Shindo
7.20%
William George Brumder II
6.30%
Brandon Robinson
5.50%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement