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New Horizon Aircraft (New Horizon Aircraft) EV-to-FCF : (As of Jun. 06, 2024)


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What is New Horizon Aircraft EV-to-FCF?

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, New Horizon Aircraft's Enterprise Value is $10.31 Mil. New Horizon Aircraft does not have enough years/quarters to calculate its Free Cash Flow for the trailing twelve months (TTM) ended in May. 2023. Therefore, GuruFocus does not calculate New Horizon Aircraft's EV-to-FCF at this moment.

The historical rank and industry rank for New Horizon Aircraft's EV-to-FCF or its related term are showing as below:

HOVR' s EV-to-FCF Range Over the Past 10 Years
Min: -63.97   Med: 0   Max: 0
Current: -14.18
HOVR's EV-to-FCF is ranked worse than
100% of 156 companies
in the Aerospace & Defense industry
Industry Median: 31.17 vs HOVR: -14.18

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2024-06-06), New Horizon Aircraft's stock price is $0.80. New Horizon Aircraft does not have enough years/quarters to calculate its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in May. 2023. Therefore, GuruFocus does not calculate New Horizon Aircraft's PE Ratio at this moment.

New Horizon Aircraft EV-to-FCF Historical Data

The historical data trend for New Horizon Aircraft's EV-to-FCF 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 EV-to-FCF Chart

New Horizon Aircraft Annual Data
Trend May22 May23
EV-to-FCF
- -

New Horizon Aircraft Semi-Annual Data
May22 May23
EV-to-FCF - -

Competitive Comparison of New Horizon Aircraft's EV-to-FCF

For the Aerospace & Defense subindustry, New Horizon Aircraft's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, New Horizon Aircraft's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where New Horizon Aircraft's EV-to-FCF falls into.


New Horizon Aircraft EV-to-FCF Calculation

New Horizon Aircraft's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=10.312/
=

New Horizon Aircraft  (NAS:HOVR) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

New Horizon Aircraft's PE Ratio for today is calculated as:

PE Ratio=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=0.80/
=

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.

New Horizon Aircraft EV-to-FCF Related Terms

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New Horizon Aircraft (New Horizon Aircraft) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » New Horizon Aircraft Ltd (NAS:HOVR) » Definitions » EV-to-FCF
Comparable Companies
Traded in Other Exchanges
N/A
Address
3187 Highway 35, Lindsay, ON, CAN, K9V 4R1
Website
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

From GuruFocus

Horizon Aircraft Provides Corporate Update

By Marketwired • 04-16-2024