What is New Horizon Aircraft Earnings Yield (Joel Greenblatt) %?
New Horizon Aircraft's Enterprise Value for the quarter that ended in May. 2023 was $0.00 Mil.
New Horizon Aircraft does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in May. 2023. Therefore, GuruFocus does not calculate New Horizon Aircraft's Earnings Yield (Joel Greenblatt) at this moment.
The historical rank and industry rank for New Horizon Aircraft's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HOVR'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -8.45 Med: 0 Max: 0
Current: -7.11
HOVR's Earnings Yield (Joel Greenblatt) % is ranked worse than 84.03% of 313
companies
in the Aerospace & Defense industry
Industry Median: 2.76
vs HOVR: -7.11
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. New Horizon Aircraft's Forward Rate of Return (Yacktman) % for the quarter that ended in May. 2023 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
New Horizon Aircraft Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for New Horizon Aircraft's Earnings Yield (Joel Greenblatt) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
New Horizon Aircraft Earnings Yield (Joel Greenblatt) % Chart
New Horizon Aircraft Annual Data
Trend
May22
May23
Earnings Yield (Joel Greenblatt) %
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New Horizon Aircraft Semi-Annual Data
May22
May23
Earnings Yield (Joel Greenblatt) %
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Competitive Comparison of New Horizon Aircraft's Earnings Yield (Joel Greenblatt) %
For the Aerospace & Defense subindustry, New Horizon Aircraft's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
New Horizon Aircraft's Earnings Yield (Joel Greenblatt) % Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, New Horizon Aircraft's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where New Horizon Aircraft's Earnings Yield (Joel Greenblatt) % falls into.
New Horizon Aircraft Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
New Horizon Aircrafts Earnings Yield (Joel Greenblatt) for the fiscal year that ended in May. 2023 is calculated as
New Horizon Aircraft (NAS:HOVR) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
New Horizon Aircraft Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of New Horizon Aircraft's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
New Horizon Aircraft (New Horizon Aircraft) Business Description
New Horizon Aircraft Ltd is an advanced aerospace Original Equipment Manufacturer that is designing and aiming to build a next-generation hybrid electric vertical take-off and landing aircraft for the regional air mobility market. Its unique aircraft will offer a more efficient way to move people and goods at a regional scale, help to connect remote communities and advance its ability to deal with an increasing number of climate-related natural disasters such as wildfires, Floods and droughts. The company aims to deliver a hybrid electric 7-seat aircraft, called the Cavorite X7, that can take off and land vertically like and helicopter.
New Horizon Aircraft (New Horizon Aircraft) Headlines
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