Vertical Aerospace Ltd. (EVTL) vs New Horizon Aircraft Ltd. (HOVR)

Vertical Aerospace Ltd. and New Horizon Aircraft Ltd. are both Aerospace & Defense companies. New Horizon Aircraft Ltd. is the larger, with a market value of $75.9M against $66.7M — 1.1× the size. New Horizon Aircraft Ltd. has negative trailing earnings, so its P/E is not meaningful; Vertical Aerospace Ltd. trades at 0.9×. Across the 8 metrics below, Vertical Aerospace Ltd. leads on 6 and New Horizon Aircraft Ltd. on 2.

Valuation

Metric EVTL HOVR Aerospace & Defense median
P/E 0.91 n/m 28.48
P/S n/m n/m 2.95
P/B n/m 1.69 2.68
Price to free cash flow n/m n/m 31.70
EV/EBITDA 0.06 n/m 16.85
EV/Sales n/m n/m 2.74
Earnings yield 109.36% (36.28%) 0.89%
Free cash flow yield (363.74%) (22.19%) 0.00%

Profitability

Metric EVTL HOVR Aerospace & Defense median
Gross margin 0.00% — 26.41%
Operating margin 0.00% 0.00% 3.69%
Net margin 0.00% 0.00% 2.74%
Free cash flow margin 0.00% 0.00% 0.00%
Return on equity (19.55%) (80.54%) 4.44%
Return on assets 21.87% (57.33%) 1.90%
Return on invested capital 0.00% 0.00% 0.26%

Growth

Metric EVTL HOVR Aerospace & Defense median
Revenue growth (TTM) — — 18.03%
EPS growth (last fiscal year) 105.08% (566.67%) 24.80%
Revenue growth, 5-year CAGR — — 9.73%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric EVTL HOVR Aerospace & Defense median
Debt to equity (0.06) 0.00 0.20
Current ratio 0.71 30.19 2.85
Net debt to EBITDA 0.54 3.38 1.29

Dividend

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

Size

Metric EVTL HOVR Aerospace & Defense median
Market cap 66.66m 75.85m 1.78b

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