New Horizon Aircraft (New Horizon Aircraft) Price-to-Free-Cash-Flow : (As of Jun. 08, 2024)

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What is New Horizon Aircraft Price-to-Free-Cash-Flow?

As of today (2024-06-08), New Horizon Aircraft's share price is $0.72. New Horizon Aircraft does not have enough years/quarters to calculate the Free Cash Flow per Share for the trailing twelve months (TTM) ended in May. 2023. Therefore GuruFocus does not calculate Price-to-Free-Cash-Flow Ratio at this moment.

The historical rank and industry rank for New Horizon Aircraft's Price-to-Free-Cash-Flow or its related term are showing as below:

HOVR's Price-to-Free-Cash-Flow is not ranked ^*
in the Aerospace & Defense industry.
Industry Median: 29.555
* Ranked among companies with meaningful Price-to-Free-Cash-Flow only.

New Horizon Aircraft's Free Cash Flow per Share for the six months ended in May. 2023 was $-0.05.

New Horizon Aircraft Price-to-Free-Cash-Flow Historical Data

The historical data trend for New Horizon Aircraft's Price-to-Free-Cash-Flow 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 Price-to-Free-Cash-Flow Chart

New Horizon Aircraft Annual Data

Trend

May22

May23

Price-to-Free-Cash-Flow

New Horizon Aircraft Semi-Annual Data
	May22	May23
Price-to-Free-Cash-Flow	-	-

Competitive Comparison of New Horizon Aircraft's Price-to-Free-Cash-Flow

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

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

* The bar in red indicates where New Horizon Aircraft's Price-to-Free-Cash-Flow falls into.

New Horizon Aircraft Price-to-Free-Cash-Flow Calculation

New Horizon Aircraft's Price-to-Free-Cash-Flow ratio for today is calculated as

Price-to-Free-Cash-Flow Ratio	=	Share Price	/	Free Cash Flow per Share (TTM)
	=	0.72	/
	=

It can also be calculated from the numbers for the whole company:

Price-to-Free-Cash-Flow Ratio

Market Cap

Free Cash Flow

New Horizon Aircraft (NAS:HOVR) Price-to-Free-Cash-Flow Explanation

Free Cash Flow is considered more important than earnings by value investors. The reason is because, in principle, only the net cash that can be taken from the business belongs to shareholders. This Free Cash Flow can be used to grow the business, reduce debt or return to shareholders in dividends or share buybacks.

In a DCF Calculation Free Cash Flow is used to determine the intrinsic value of companies.

Be Aware

In real business, Free Cash Flow can be affected by the change in accounts receivable, accounts payable, management's decision on expansion, etc. Therefore, investors should look at the Free Cash Flow over the longer term. Long-term average of Free Cash Flow is a more reliable indicator for real free cash flow.

New Horizon Aircraft Price-to-Free-Cash-Flow Related Terms

Thank you for viewing the detailed overview of New Horizon Aircraft's Price-to-Free-Cash-Flow provided by GuruFocus.com. Please click on the following links to see related term pages.

New Horizon Aircraft (New Horizon Aircraft) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » New Horizon Aircraft Ltd (NAS:HOVR) » Definitions » Price-to-Free-Cash-Flow

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