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

New Horizon Aircraft Ltd. and Merlin Inc are both Aerospace & Defense companies. New Horizon Aircraft Ltd. and Merlin Inc are of similar size ($78.3M and $75.9M). 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 28.48
P/S n/m 9.93 2.95
P/B 1.69 n/m 2.68
Price to free cash flow n/m n/m 31.70
EV/EBITDA n/m 1.01 16.85
EV/Sales n/m (11.24) 2.74
Earnings yield (36.28%) (394.76%) 0.89%
Free cash flow yield (22.19%) (94.27%) 0.00%

Profitability

Metric HOVR MRLN Aerospace & Defense median
Gross margin — 26.34% 26.41%
Operating margin 0.00% (1,156.90%) 3.69%
Net margin 0.00% (3,463.45%) 2.74%
Free cash flow margin 0.00% (936.31%) 0.00%
Return on equity (80.54%) 0.00% 4.44%
Return on assets (57.33%) (239.99%) 1.90%
Return on invested capital 0.00% 0.00% 0.26%

Growth

Metric HOVR MRLN Aerospace & Defense median
Revenue growth (TTM) — — 18.03%
EPS growth (last fiscal year) (566.67%) 85.03% 24.80%
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 0.20
Current ratio 30.19 14.67 2.85
Net debt to EBITDA 3.38 0.24 1.29

Dividend

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

Size

Metric HOVR MRLN Aerospace & Defense median
Market cap 75.85m 78.34m 1.78b

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