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New Horizon AircraftHOVR +5.02%14 5-Year ROIIC % is 0.00 as of May. 2026. GuruFocus rates HOVR with a GF Score™ of 14/100. The stock has 1 warning sign investors should review. Among 285 Aerospace & Defense companies, New Horizon Aircraft ranks worse than 350876.84% on this metric.
5-Year Return on Invested Incremental Capital (5-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 5-year.
New Horizon Aircraft does not have enough data to calculate 5-Year ROIIC %.
New Horizon Aircraft (NAS:HOVR) 5-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 5-Year ROIIC % Related Terms
New Horizon Aircraft 5-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for New Horizon Aircraft's 5-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: 5-Year ROIIC % Comparison
For the Aerospace & Defense subindustry, New Horizon Aircraft's 5-Year ROIIC %, along with its competitors' market caps and 5-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 5-Year ROIIC % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, New Horizon Aircraft's 5-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where New Horizon Aircraft's 5-Year ROIIC % falls into.
New Horizon Aircraft's 5-Year ROIIC % for the quarter that ended in May. 2026 is calculated as:
5-Year ROIIC %
=
5-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
5-Year Incremental Invested Capital**
=
( -17.109 (May. 2026) - (May. 2021) )
/
( 1.406 (May. 2026) - (May. 2021) )
=
/
=
N/A%***
* 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 5-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 5-Year ROIIC % of 0.00 as of May. 2026. 5-Year ROIIC % measures the change in earnings as a percentage of change in investment over 5-year. View historical data on New Horizon Aircraft and its competitors. According to the industry distribution chart, New Horizon Aircraft ranks #999999 out of 285 companies in the Aerospace & Defense industry.
Is New Horizon Aircraft's 5-Year ROIIC % too high?
New Horizon Aircraft's current 5-Year ROIIC % is 0.00. Based on the distribution chart, New Horizon Aircraft ranks #999999 out of 285 companies in the Aerospace & Defense industry, which is in the bottom quartile 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 5-Year ROIIC % compare to VWAV and CODA?
According to the Aerospace & Defense industry distribution chart, New Horizon Aircraft ranks #999999 out of 285 companies for 5-Year ROIIC %. This places New Horizon Aircraft in the lower half of its industry. The industry median 5-Year ROIIC % is 5.05. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 5-Year ROIIC % for an Aerospace & Defense company?
The median 5-Year ROIIC % among Aerospace & Defense companies is 5.05, based on 285 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 5-Year ROIIC % mean?
A high 5-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 5-Year ROIIC % measures the change in earnings as a percentage of change in investment over 5-year. View historical data on New Horizon Aircraft and its competitors. For the Aerospace & Defense industry, the median 5-Year ROIIC % is 5.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Horizon Aircraft's current 5-Year ROIIC % is 0.00. 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 5-Year ROIIC % of 0.00. The current 5-Year ROIIC % is 0.00. New Horizon Aircraft's overall GF Score™ is 14/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year ROIIC % calculated?
5-Year ROIIC % is calculated from a company's financial statements. For New Horizon Aircraft (HOVR), the current 5-Year ROIIC % is 0.00 as of May. 2026. 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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