Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, New Horizon Aircraft's Enterprise Value is $10.87 Mil.
New Horizon Aircraft does not have enough years/quarters to calculate its EBIT for the trailing twelve months (TTM) ended in May. 2023. Therefore, GuruFocus does not calculate New Horizon Aircraft's EV-to-EBIT at this moment.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, New Horizon Aircraft's Enterprise Value is $10.87 Mil.
New Horizon Aircraft does not have enough years/quarters to calculate its EBITDA for the trailing twelve months (TTM) ended in May. 2023. Therefore, GuruFocus does not calculate New Horizon Aircraft's EV-to-EBITDA at this moment.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, New Horizon Aircraft's Enterprise Value is $10.87 Mil.
New Horizon Aircraft does not have enough years/quarters to calculate its Revenue for the trailing twelve months (TTM) ended in May. 2023. Therefore, GuruFocus does not calculate New Horizon Aircraft's EV-to-Revenue at this moment.
New Horizon Aircraft Enterprise Value Historical Data
The historical data trend for New Horizon Aircraft's Enterprise Value 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 Enterprise Value Chart
New Horizon Aircraft Annual Data
Trend
May22
May23
Enterprise Value
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New Horizon Aircraft Semi-Annual Data
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May23
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Competitive Comparison of New Horizon Aircraft's Enterprise Value
For the Aerospace & Defense subindustry, New Horizon Aircraft's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, New Horizon Aircraft's Enterprise Value distribution charts can be found below:
* The bar in red indicates where New Horizon Aircraft's Enterprise Value falls into.
New Horizon Aircraft Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
New Horizon Aircraft's Enterprise Value for the fiscal year that ended in May. 2023 is calculated as
* 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.
New Horizon Aircraft (NAS:HOVR) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
New Horizon Aircraft Enterprise Value Related Terms
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New Horizon Aircraft (New Horizon Aircraft) Business Description
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
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