Draganfly Inc. (DPRO) vs New Horizon Aircraft Ltd. (HOVR)

Draganfly Inc. and New Horizon Aircraft Ltd. are both Aerospace & Defense companies. Draganfly Inc. is the larger, with a market value of $110.0M against $75.9M — 1.4× the size. New Horizon Aircraft Ltd. has the higher net margin (0.00% vs −358.2%) and the higher return on invested capital (0.00% vs −131.7%). Across the 13 metrics below, New Horizon Aircraft Ltd. leads on 8 and Draganfly Inc. on 5.

Valuation

Metric DPRO HOVR Aerospace & Defense median
P/E n/m n/m 28.48
P/S 15.85 n/m 2.95
P/B 0.96 1.69 2.68
Price to free cash flow n/m n/m 31.70
EV/EBITDA n/m n/m 16.85
EV/Sales 1.30 n/m 2.74
Earnings yield (27.66%) (36.28%) 0.89%
Free cash flow yield (26.21%) (22.19%) 0.00%

Profitability

Metric DPRO HOVR Aerospace & Defense median
Gross margin 15.35% — 26.41%
Operating margin (397.00%) 0.00% 3.69%
Net margin (358.23%) 0.00% 2.74%
Free cash flow margin (415.47%) 0.00% 0.00%
Return on equity (37.72%) (80.54%) 4.44%
Return on assets (35.52%) (57.33%) 1.90%
Return on invested capital (131.68%) 0.00% 0.26%

Growth

Metric DPRO HOVR Aerospace & Defense median
Revenue growth (TTM) 27.07% — 18.03%
EPS growth (last fiscal year) 67.60% (566.67%) 24.80%
Revenue growth, 5-year CAGR 10.00% — 9.73%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric DPRO HOVR Aerospace & Defense median
Debt to equity 0.00 0.00 0.20
Current ratio 29.62 30.19 2.85
Net debt to EBITDA 4.40 3.38 1.29

Dividend

Metric DPRO HOVR Aerospace & Defense median
Dividend yield — — 0.91%
Payout ratio — — 0.30

Size

Metric DPRO HOVR Aerospace & Defense median
Market cap 109.98m 75.85m 1.78b

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