New Horizon Aircraft (New Horizon Aircraft) FCF Yield % : -5.19 (As of Jun. 01, 2024)

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What is New Horizon Aircraft FCF Yield %?

FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

As of today, New Horizon Aircraft's Trailing 12-Month Free Cash Flow is $-0.80 Mil, and Market Cap is $14.49 Mil. Therefore, New Horizon Aircraft's FCF Yield % for today is -5.19%.

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

HOVR' s FCF Yield % Range Over the Past 10 Years
Min: -56.18 Med: 0 Max: 0
Current: -5.19

HOVR's FCF Yield % is ranked worse than
68.04% of 316 companies
in the Aerospace & Defense industry
Industry Median: -0.315 vs HOVR: -5.19

New Horizon Aircraft's FCF Margin % for the quarter that ended in May. 2023 was 0.00%.

New Horizon Aircraft FCF Yield % Historical Data

The historical data trend for New Horizon Aircraft's FCF Yield % 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.

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New Horizon Aircraft FCF Yield % Chart

New Horizon Aircraft Annual Data

Trend

May22

May23

FCF Yield %

New Horizon Aircraft Semi-Annual Data
	May22	May23
FCF Yield %	-	-

Competitive Comparison of New Horizon Aircraft's FCF Yield %

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

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

* The bar in red indicates where New Horizon Aircraft's FCF Yield % falls into.

New Horizon Aircraft FCF Yield % Calculation

FCF Yield % is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

New Horizon Aircraft's FCF Yield % for the fiscal year that ended in May. 2023 is calculated as

FCF Yield %	=	Free Cash Flow	/	Market Cap
	=	-0.804	/	0
	=	N/A%

New Horizon Aircraft's annualized FCF Yield % for the quarter that ended in May. 2023 is calculated as

FCF Yield %	=	Free Cash Flow	*	Annualized Factor	/	Market Cap
	=	-0.804	*	1	/	0
	=	N/A%

New Horizon Aircraft FCF Yield % Explanation

Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.

New Horizon Aircraft FCF Yield % 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 » FCF Yield %

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