New Horizon Aircraft Ltd. (HOVR) vs Merlin Inc (MRLN)

New Horizon Aircraft Ltd. and Merlin Inc are both Aerospace & Defense companies. Merlin Inc is the larger, with a market value of $113.2M against $94.7M — 1.2× the size. New Horizon Aircraft Ltd. has the higher net margin (0.00% vs −3,463.5%) and the higher return on invested capital (0.00% vs 0.00%). Across the 10 metrics below, New Horizon Aircraft Ltd. leads on 7 and Merlin Inc on 3.

Valuation

Metric HOVR MRLN Aerospace & Defense median
P/E n/m n/m 31.81
P/S n/m 14.01 3.55
P/B 2.07 n/m 2.59
Price to free cash flow n/m n/m 31.99
EV/EBITDA n/m 0.64 18.08
EV/Sales n/m (7.16) 3.37
Earnings yield (29.71%) (279.92%) 1.38%
Free cash flow yield (18.17%) (67.90%) 0.21%

Profitability

Metric HOVR MRLN Aerospace & Defense median
Gross margin — 26.34% 25.48%
Operating margin 0.00% (1,156.90%) 4.54%
Net margin 0.00% (3,463.45%) 2.22%
Free cash flow margin 0.00% (951.07%) 1.43%
Return on equity (80.54%) 0.00% 6.43%
Return on assets (57.33%) (239.99%) 2.70%
Return on invested capital 0.00% 0.00% 1.56%

Growth

Metric HOVR MRLN Aerospace & Defense median
Revenue growth (TTM) — — 18.43%
EPS growth (last fiscal year) (566.67%) 85.03% 24.27%
Revenue growth, 5-year CAGR — — 9.73%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric HOVR MRLN Aerospace & Defense median
Debt to equity 0.00 0.00 0.24
Current ratio 30.19 14.67 2.72
Net debt to EBITDA 3.38 0.24 1.12

Dividend

Metric HOVR MRLN Aerospace & Defense median
Dividend yield — — 0.90%
Payout ratio — — 0.32

Size

Metric HOVR MRLN Aerospace & Defense median
Market cap 94.65m 113.19m 2.19b

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