New Horizon Aircraft Valuation

Is HOVR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HOVR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate HOVR's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate HOVR's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HOVR?

Key metric: As HOVR is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for HOVR. This is calculated by dividing HOVR's market cap by their current book value.
What is HOVR's PB Ratio?
PB Ratio	-0.7x
Book	-CA$22.13m
Market Cap	CA$16.33m

HOVR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	-1.8x
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does HOVR's PB Ratio compare to its peers?

The above table shows the PB ratio for HOVR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	3x
SYNX Silynxcom	2.1x	n/a	US$14.2m
AIRI Air Industries Group	1x	208.9%	US$15.2m
DUKR DUKE Robotics	8x	n/a	US$9.1m
SIF SIFCO Industries	0.8x	n/a	US$24.8m
HOVR New Horizon Aircraft	n/a	n/a	US$11.7m

Price-To-Book vs Peers: HOVR has negative equity and a Price-To-Book Ratio (-0.7x) compared to the peer average (3x).

Price to Book Ratio vs Industry

How does HOVR's PB Ratio compare vs other companies in the US Aerospace & Defense Industry?

3 Companies	Price / Book	Estimated Growth	Market Cap
SPCE Virgin Galactic Holdings	0.6x	44.5%	US$206.46m
SIDU Sidus Space	0.6x	n/a	US$5.35m
VORB.Q Virgin Orbit Holdings	0.02x	n/a	US$1.18m

No more companies available in this PB range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: HOVR has negative equity and a Price-To-Book Ratio (-0.7x) compared to the US Aerospace & Defense industry average (3.1x).

Price to Book Ratio vs Fair Ratio

What is HOVR's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HOVR PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	-0.7x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate HOVR's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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