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New Horizon Aircraft Ltd (HOVR) Fair Value & Analysis

Industrials · US · Market cap $137M

Price$2.03
Fair Value$0.8900
Upside-56.2%
Quality91/100
Evidence: Medium Range $0.7200 – $1.55

Fair value as of: Jun 24, 2026

Analysis

New Horizon Aircraft Ltd (HOVR) currently trades at $2.03, while our model-based Fair Value estimate is $0.8900 — implying the stock looks roughly 56.2% overvalued today. We read business quality at 91/100 (high quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

About the company

New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, designs hybrid-electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the United States. It focuses on the design and delivery of the 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.

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Frequently asked questions

Is New Horizon Aircraft Ltd (HOVR) undervalued?
As of Jun 24, 2026, our model estimates a fair value of $0.8900 versus a price of $2.03 — about −56% (overvalued). Model-based estimate, not financial advice.
What is the fair value of HOVR?
Our 21-model fair value for New Horizon Aircraft Ltd is $0.8900 (as of Jun 24, 2026), built from audited fundamentals. The current price is $2.03.
What is the quality score of HOVR?
New Horizon Aircraft Ltd has a Quality Score of 91/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.