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New Horizon Aircraft Ltd (HOVR) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of New Horizon Aircraft Ltd $0.77, price $1.69, upside -54.7%, quality 40 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Industrials · US · Home Canada · ISIN CA64550A1075

NH New Horizon Aircraft Ltd logo Thin data Sep 23, 2026

New Horizon Aircraft Ltd

HOVR · US

Weakest SetupStrongly overvalued and low quality.

!Fair value $0.7650 · Strongly overvalued (−55%)
!Quality 40/100
!negative free cash flow
!Trails peers (0/7)
!Narrow moat 6/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$10.92 $0.2600 Fair Value $0.7650 Apr 2023 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

42‑month range $0.2600 – $10.92 · fair‑value band $0.6205 – $1.17 · the $1.69 price screens above the $0.7650 fair value. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

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.

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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.

Stock analysis

New Horizon Aircraft Ltd (HOVR) currently trades at $1.69, while our model-based Fair Value estimate is $0.7650, implying the stock looks roughly 120.9% overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of $1.49 per share, and 1 of the 9 models we run sit above the $1.69 price.

Bear case: the Multiples group reads lowest at $0.2600, and 8 of the 9 models stay below the price. Evidence for this calculation is low.

Scenario range: $0.6205 (bear) to $1.17 (bull), the price of $1.69 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 40/100 (below-average quality), in the Industrials sector.

New Horizon Aircraft Ltd reported revenue of $0 in FY2024 versus $0 in FY2021. Reported net income was $5.2M in FY2025.

Key figures

Market cap $137M · EPS (TTM) $−0.6700 · Return on equity −313% · Return on assets (EBIT) −100% · Free cash flow −$13.0M · Net cash $10.3M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).

What moves the price

The share trades about 57% below its 52-week high and 41% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −20% fair-value upside, at −55%, HOVR screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely ($0.0400 to $1.77). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear $0.6205 Fair Value $0.7650 Bull $1.17
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Owner Earnings $0.8600 $1.09 $1.37 65
P/E Multiple $1.33 $1.77 $2.21 63
Growth-Adj P/E $1.04 $1.49 $1.93 59
All 9 models by family
DCF Models
Owner Earnings $0.8600 $1.09 $1.37 65
Earnings-Based
Graham-Dodd $0.5700 $1.52 $1.99 51
Lynch FV $0.2900 $0.4200 $0.5500 48
PEG = 1.0 $0.2900 $0.4200 $0.5500 45
Multiples
P/E Multiple $1.33 $1.77 $2.21 63
P/B Multiple $0.1900 $0.2600 $0.3200 55
Asset-Based
NCAV (Graham) $0.0300 $0.0400 $0.0600 51
Economic Profit
Residual Income $0.2400 $0.4100 $7.19 48
Growth Earnings
Growth-Adj P/E $1.04 $1.49 $1.93 59

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Quality Score breakdown

Overall quality 40/100

Of which business quality 52 · Market factors (momentum, volatility) 19

Profitability 67
Margins and returns on capital today
Quality Growth 75
Are margins and returns improving?
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

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Revenue & earnings trend

What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed

HOVR screens 121% overvalued. Compare with General Electric Company →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Aerospace & Defense · 228 stocks

Beats the industry median on 0/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 40 · Bottom 25%
Fair Value upside −55% · Below median
Profitability
Return on assets −88% · Bottom 25%
Operating margin (TTM) 0% · Bottom 25%
Growth and dividend
Revenue growth 0% · Below median

Valuation Multiplesvs Aerospace & Defense median · lower = cheaper

P/B 38.58× · Priciest 25%

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Weapons Defense

Similar stocks

10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
General Electric Company GE $319.22 $92.68 −71%
RTX Corporation RTX $190.99 $88.37 −54%
Airbus SE AIR €194.60 €112.75 −42%
Safran SA SAF €332.00 €365.20 +10%
Lockheed Martin Corporation LMT $522.34 $440.05 −16%
Howmet Aerospace Inc HWM $225.36 $52.47 −77%
General Dynamics Corporation GD $343.39 $274.32 −20%
Northrop Grumman Corporation NOC $509.86 $383.06 −25%
TransDigm Group TDG $1,112 $1,224 +10%
L3Harris Technologies, Inc LHX $239.89 $263.88 +10%

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New Horizon Aircraft Ltd · Fair Value
$0.7650 −121%Fair Value
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Cite: Fair Value Calculator (2026). "New Horizon Aircraft Ltd Fair Value". https://www.fairvalue-calculator.com/stock/HOVR

Frequently asked questions

Is New Horizon Aircraft Ltd (HOVR) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $0.7650 versus a price of $1.69, about −55% upside (overvalued).
What is the fair value of HOVR?
Our model-based fair value for New Horizon Aircraft Ltd is $0.7650 (as of Sep 23, 2026), built from audited fundamentals. The current price: $1.69.
What is the quality score of HOVR?
New Horizon Aircraft Ltd has a Quality Score of 40/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for New Horizon Aircraft Ltd (HOVR)?
Our model-based price target is the fair value of $0.7650 (as of Sep 23, 2026) from 9 valuation models. Cautious scenario $0.6205, optimistic scenario $1.17. It is a calculation from audited fundamentals, not an analyst target.
What is the New Horizon Aircraft Ltd stock forecast for 2026?
Our models put fair value at $0.7650, about −55% upside versus a price of $1.69 (overvalued). Cautious scenario $0.6205, optimistic scenario $1.17. The calculation is refreshed regularly with new filings.
What is the intrinsic value of New Horizon Aircraft Ltd (HOVR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For New Horizon Aircraft Ltd it is $0.7650 per share (as of Sep 23, 2026), against a price of $1.69. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is New Horizon Aircraft Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, HOVR trades above its calculated fair value: price $1.69, fair value $0.7650, a gap of about −55% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HOVR?
No. The price is what the market pays today ($1.69); the fair value is what the company's own numbers justify ($0.7650). For New Horizon Aircraft Ltd the two are $0.9250 per share apart. That gap is exactly why we show both numbers side by side.
How much is New Horizon Aircraft Ltd worth?
The market values New Horizon Aircraft Ltd at about $137M (market capitalisation, as of Sep 23, 2026). Per share that is $1.69; our models calculate a fair value of $0.7650 per share.
What do the bullish and bearish scenarios say about HOVR?
Our models span a range for New Horizon Aircraft Ltd: cautious scenario $0.6205, base $0.7650, optimistic $1.17 per share (as of Sep 23, 2026, price $1.69). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of New Horizon Aircraft Ltd (HOVR)?
Balance-sheet figures for New Horizon Aircraft Ltd (as of Sep 23, 2026): return on equity −313.0%. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is HOVR from its 52-week high?
New Horizon Aircraft Ltd trades at $1.69, about 57% below its 52-week high of $3.91 and 41% above the low of $1.20 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $0.7650 is for.
Which stocks are comparable to New Horizon Aircraft Ltd?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Safran SA, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is New Horizon Aircraft Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price $1.69, calculated fair value $0.7650 (−55%), Quality Score 40/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HOVR calculated?
We run New Horizon Aircraft Ltd through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.7650, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. New Horizon Aircraft Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of New Horizon Aircraft Ltd (HOVR)?
The closing price on Sep 23, 2026 was $1.69. Our model-based fair value is $0.7650, about −55% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with New Horizon Aircraft Ltd right now?
The price sits above even our optimistic bull case ($1.17). The favourable scenario is already priced in. Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range ($0.6205 to $1.17) leaves room in how you read the outcome.

Key figures of New Horizon Aircraft Ltd

How large is the market capitalisation of New Horizon Aircraft Ltd (HOVR)?
The market capitalisation of New Horizon Aircraft Ltd is $137M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of New Horizon Aircraft Ltd (HOVR)?
Earnings per share at New Horizon Aircraft Ltd are $−0.6700. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of New Horizon Aircraft Ltd (HOVR)?
The return on equity (ROE) of New Horizon Aircraft Ltd is −313% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of New Horizon Aircraft Ltd (HOVR)?
On an EBIT basis the return on assets of New Horizon Aircraft Ltd is −100% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How much free cash flow does New Horizon Aircraft Ltd (HOVR) generate?
The free cash flow of New Horizon Aircraft Ltd is −$13.0M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does New Horizon Aircraft Ltd (HOVR) hold?
New Horizon Aircraft Ltd holds more cash than debt, $10.3M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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