Stock fact sheet · data as of
New Horizon Aircraft Ltd (HOVR): fair value, margin of safety and Wheel Score
Industrials · Aerospace & Defense · Canada · Speculative / Distressed
Is HOVR undervalued?
New Horizon Aircraft Ltd (HOVR) closed at 1.41 on 16 Oct 2026. The GLS average fair value - the simple average of the 1 valuation models that produced a positive number - is 1.73, so the price sits 19% below it. 1 of the 1 models value the shares above the current price. A margin of safety between 10% and 30% is where most of the Sunday Scan candidates come from.
The average is built from just 1 models (DCF) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
The nightly engine files HOVR under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for HOVR
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 1.73 | +23% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | 1.44 | +2% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
New Horizon Aircraft Ltd scores only 1 of 9 on the Piotroski F-score, which fails the Sunday Scan's "6 or more" rule. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 1.4/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC -46.5%, ROE -46.5%, ROA -39.5% - with debt at 0.00 times equity and negative free cash flow.
New Horizon Aircraft Ltd pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 1/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 1 / 9 | ROIC | -46.5% |
|---|---|---|---|
| GLS Moat | 1.4 / 10 | ROE | -46.5% |
| Debt / equity | 0.00 | ROA | -39.5% |
| Free-cash-flow yield | -22.7% | Payout ratio | 0% |
| Institutions | 1 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 29: No options
No options are listed on New Horizon Aircraft Ltd in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 29) and the stock is left out of every options screen; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 633k shares a day on a market cap of $95M, with a beta of 3.84 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 5 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 20 / 25 | 19% margin of safety | |
| Health | 2 / 20 | Piotroski 1/9 | |
| Moat | 2 / 15 | moat 1.4/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 5 / 20 | 633k shares/day, $95M cap, beta 3.84 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 13 Jan 2027, 89 days away - outside the window of a 30-45-day put sold today.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Aerospace & Defense
The 12 companies below are the closest to New Horizon Aircraft Ltd by market cap within the Aerospace & Defense industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| MRLN Merlin, Inc. | 1.12 | 0.0208 | -5274% | 27Weak | $108M |
| BYRN Byrna Technologies Inc. | 4.78 | 4.22 | -13% | 43Weak | $112M |
| CODA Coda Octopus Group, Inc. | 9.92 | 6.62 | -50% | 23No options | $112M |
| SPAI Safe Pro Group Inc. Common Stock | 3.65 | 0.8392 | -335% | 15Weak | $75M |
| VWAV VisionWave Holdings, Inc. | 4.01 | - | - | 37Weak | $121M |
| SIDU Sidus Space, Inc. | 1.26 | - | - | 37Weak | $127M |
| OPXS Optex Systems Holdings, Inc | 9.96 | 18.75 | +47% | 39No options | $69M |
| FJET Starfighters Space Inc | 1.26 | 0.0800 | -1474% | 20Weak | $69M |
| EVTL Vertical Aerospace Ltd. | 0.4071 | 42.01 | +99% | 45Weak | $69M |
| SIF SIFCO Industries, Inc. | 21.33 | 13.76 | -55% | 21No options | $133M |
| CVU CPI Aerostructures, Inc. | 4.97 | 5.15 | +4% | 49Weak | $66M |
| MNTS Momentus Inc. | 2.81 | - | - | 35Weak | $62M |
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Start free See the Sunday ScanQuestions about HOVR
Is HOVR undervalued right now?
By the GLS models, moderately: at 1.41 the stock trades 19% below the average fair value of 1.73 (data as of 16 Oct 2026).
What is the Wheel Score of HOVR and what does it mean?
HOVR has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for HOVR?
1.73 per share as of 16 Oct 2026 - the simple average of the 1 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does New Horizon Aircraft Ltd report earnings next?
The next earnings report is due on 13 Jan 2027, 89 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does HOVR have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on HOVR, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.