New Horizon Aircraft Ltd. (HOVR)
New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, engages in designing and building hybrid-electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the United States. It also designs and delivers Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically. The company was founded in 2013 and is headquartered in Lindsay, Canada.
- Symbol
- HOVR
- Exchange
- Nasdaq
- Sector
- Industrials
- Industry
- Aerospace & Defense
- 52 week range
- 1.16 - 4.18
Valuation
- Share price
- $1.68 (close of 2026-10-02)
- P/E (TTM)
- -3.11x
- Price to book
- 1.45x
- Price to free cash flow
- -5.90x
Price performance
| Period | Change |
|---|---|
| 1 day | +0.60% |
| 5 days | -2.89% |
| 1 month | +1.20% |
| 3 months | -13.40% |
| 6 months | +14.29% |
| Year to date | +14.29% |
| 1 year | -39.57% |
| 3 years | -84.09% |
| All time | -83.55% |
Profitability and growth
- Return on equity
- -46.54%
- Return on assets
- -39.50%
- Return on capital employed
- -29.28%
- Net income growth
- -736.46%
- Free cash flow growth
- -84.67%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- -16.95%
- Current ratio
- 22.76x
- Net debt to EBITDA
- 3.38x
Latest reported year
- Period end
- 2026-05-31
- Fiscal year
- 2026
- Shares outstanding
- 43.05M
Margins and returns by year
| Period end | Return on equity |
|---|---|
| 2026-05-31 | -46.54% |
| 2025-05-31 | 200.77% |
| 2024-05-31 | 45.50% |
| 2023-12-31 | -128.04% |
| 2023-05-31 | 90.04% |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-09
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-07-16 | May/2026 | - |
| 2026-04-14 | Feb/2026 | - |
| 2026-01-14 | Nov/2025 | - |
| 2025-10-10 | Aug/2025 | - |
| 2025-08-22 | May/2025 | - |
| 2025-04-14 | Feb/2025 | - |
| 2025-01-14 | Nov/2024 | - |
| 2024-10-10 | Aug/2024 | - |
Filings and sources
- Company website
- horizonaircraft.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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