New Horizon Aircraft (HOVR) and Its Rivals Financial Comparison

New Horizon Aircraft (NASDAQ:HOVR) is one of 33 publicly-traded companies in the “AEROSP/DEFENSE” industry, but how does it weigh in compared to its rivals? We will compare New Horizon Aircraft to similar companies based on the strength of its institutional ownership, earnings, analyst recommendations, valuation, risk, dividends and profitability.

Institutional & Insider Ownership

66.0% of New Horizon Aircraft shares are held by institutional investors. Comparatively, 53.5% of shares of all “AEROSP/DEFENSE” companies are held by institutional investors. 11.1% of New Horizon Aircraft shares are held by insiders. Comparatively, 10.0% of shares of all “AEROSP/DEFENSE” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Analyst Ratings

This is a summary of recent ratings and target prices for New Horizon Aircraft and its rivals, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
New Horizon Aircraft	0	0	1	1	3.50
New Horizon Aircraft Competitors	406	2174	3400	126	2.53

New Horizon Aircraft currently has a consensus price target of $2.00, indicating a potential upside of 20.48%. As a group, “AEROSP/DEFENSE” companies have a potential upside of 1.25%. Given New Horizon Aircraft’s stronger consensus rating and higher possible upside, analysts clearly believe New Horizon Aircraft is more favorable than its rivals.

Earnings & Valuation

This table compares New Horizon Aircraft and its rivals top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
New Horizon Aircraft	N/A	$5.20 million	16.60
New Horizon Aircraft Competitors	$18.81 billion	$730.78 million	11.30

New Horizon Aircraft’s rivals have higher revenue and earnings than New Horizon Aircraft. New Horizon Aircraft is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.

Profitability

This table compares New Horizon Aircraft and its rivals’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
New Horizon Aircraft	N/A	-36.78%	37.46%
New Horizon Aircraft Competitors	-957.17%	-50.06%	-10.72%

Volatility and Risk

New Horizon Aircraft has a beta of 2.62, meaning that its share price is 162% more volatile than the S&P 500. Comparatively, New Horizon Aircraft’s rivals have a beta of 1.22, meaning that their average share price is 22% more volatile than the S&P 500.

Summary

New Horizon Aircraft beats its rivals on 10 of the 13 factors compared.

About New Horizon Aircraft

New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, focuses on designing and developing hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the Uinted States. The company is developing Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically like and helicopter. New Horizon Aircraft Ltd. was founded in 2013 and is headquartered in Lindsay, Canada.