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New Horizon AircraftHOVR -0.87%14 3-Year ROIIC % is 1,194.89 as of May. 2025, which is at its 10-year median of 1,194.89. GuruFocus rates HOVR with a GF Score™ of 14/100. The stock has 2 warning signs investors should review. Among 320 Aerospace & Defense companies, New Horizon Aircraft ranks better than 99.06% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
New Horizon Aircraft's 3-Year ROIIC % for the quarter that ended in May. 2025 was 1,194.89%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for New Horizon Aircraft's 3-Year ROIIC % or its related term are showing as below:
HOVR's 3-Year ROIIC % is ranked better than 99.06% of 320
companies
in the Aerospace & Defense industry
Industry Median: 3.79
vs HOVR: 1194.89
New Horizon Aircraft (NAS:HOVR) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
New Horizon Aircraft 3-Year ROIIC % Related Terms
New Horizon Aircraft 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for New Horizon Aircraft's 3-Year ROIIC % 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.
HOVR vs VWAV, CODA, BYRN: 3-Year ROIIC % Comparison
For the Aerospace & Defense subindustry, New Horizon Aircraft's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, New Horizon Aircraft's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where New Horizon Aircraft's 3-Year ROIIC % falls into.
New Horizon Aircraft's 3-Year ROIIC % for the quarter that ended in May. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -9.797 (May. 2025) - -1.385 (May. 2022) )
/
( 0.311 (May. 2025) - 1.015 (May. 2022) )
=
-8.412
/
-0.704
=
1,194.89%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
New Horizon Aircraft (HOVR) has a 3-Year ROIIC % of 1,194.89 as of May. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on New Horizon Aircraft and its competitors. This is near median its historical median of 1,194.89. Over the past decade, New Horizon Aircraft's 3-Year ROIIC % has ranged from 1,194.89 to 1,194.89. According to the industry distribution chart, New Horizon Aircraft ranks #3 out of 320 companies in the Aerospace & Defense industry, placing it in the top 0.90000000000001%.
Is New Horizon Aircraft's 3-Year ROIIC % too high?
New Horizon Aircraft's current 3-Year ROIIC % of 1,194.89 is near median its 10-year median of 1,194.89. Over the past 10 years, this metric has ranged from a low of 1,194.89 to a high of 1,194.89. The Aerospace & Defense industry median 3-Year ROIIC % is 3.79. New Horizon Aircraft's value of 1,194.89 is 31427.4% above this industry median. Based on the distribution chart, New Horizon Aircraft ranks #3 out of 320 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, New Horizon Aircraft has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does New Horizon Aircraft's 3-Year ROIIC % compare to VWAV and CODA?
According to the Aerospace & Defense industry distribution chart, New Horizon Aircraft ranks #3 out of 320 companies for 3-Year ROIIC %. This places New Horizon Aircraft in the top 1% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.79. New Horizon Aircraft's value of 1,194.89 is 31427.4% above this benchmark. Historically, New Horizon Aircraft's own 3-Year ROIIC % has ranged from 1,194.89 to 1,194.89 over the past decade. While the company's 10-year median is 1,194.89 vs. the industry median of 3.79, New Horizon Aircraft has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for an Aerospace & Defense company?
The median 3-Year ROIIC % among Aerospace & Defense companies is 3.79, based on 320 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. New Horizon Aircraft's current 3-Year ROIIC % of 1,194.89 is 31427.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on New Horizon Aircraft and its competitors. For the Aerospace & Defense industry, the median 3-Year ROIIC % is 3.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Horizon Aircraft's current 3-Year ROIIC % is 1,194.89, which is near median its own 10-year median of 1,194.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Horizon Aircraft stock overvalued right now?
New Horizon Aircraft (HOVR) has a current 3-Year ROIIC % of 1,194.89. The current 3-Year ROIIC % is 1,194.89, which is near median its 10-year median of 1,194.89 and 31427.4% above the Aerospace & Defense industry median of 3.79. New Horizon Aircraft's overall GF Score™ is 14/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For New Horizon Aircraft (HOVR), the current 3-Year ROIIC % is 1,194.89 as of May. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
New Horizon Aircraft Ltd is an aerospace Original Equipment Manufacturer that is designing and building a next-generation hybrid electric vertical take-off and landing aircraft for the regional air mobility market. Its 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.
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