New Horizon Aircraft Ltd. HOVR

Competitive advantage analysis · industrials

Corporate Default
Overall moat score
37/100
Developing

Ranked against 79 peers in Aerospace & Defense

About New Horizon Aircraft Ltd.

New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, designs hybrid-electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the United States. It focuses on the design and delivery of the Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically. The company was founded in 2013 and is headquartered … Full HOVR analysis →

Key strengths

  • Strong Liquidity Buffer Liquidity position is strong (score 0.92), providing operational cushion.

Key risks

  • ROIC Below WACC or Peers ROIC at 38.9th percentile suggests inefficient capital deployment.
  • Elevated Debt Risk Debt serviceability is weak (score 0.19), raising refinancing risk.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where HOVR ranks in Aerospace & Defense

New Horizon Aircraft Ltd. ranks #50 of 80 scored companies in Aerospace & Defense by moat score — the top 62%. The widest moat in the group is Howmet Aerospace Inc. (HWM) at 80/100.

# Company Moat score Rating
46 Ducommun Incorporated DCO 39/100 Developing
47 Sturm, Ruger & Company, Inc. RGR 39/100 Developing
48 AMMO, Inc. POWW 38/100 Developing
49 AMMO, Inc. - 8.75% Series A Cum POWWP 37/100 Developing
50 New Horizon Aircraft Ltd. HOVR 37/100 Developing
51 Intuitive Machines, Inc. LUNR 36/100 Developing
52 AeroVironment, Inc. AVAV 35/100 Developing
53 Rocket Lab USA, Inc. RKLB 35/100 Developing
54 Air Industries Group AIRI 34/100 Developing

See every General Corporate company ranked by moat score →

How HOVR scores on the Corporate Default defenses

Pricing Power

Not measurable · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Not measurable · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Not measurable · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 30 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 46 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Not measurable · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding HOVR's moat

What is New Horizon Aircraft Ltd.'s moat score?

New Horizon Aircraft Ltd. (HOVR) scores 37 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #50 of 80 scored companies in Aerospace & Defense, the top 62%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 79 companies in Aerospace & Defense. Its strongest defense is Resilience (46/100) and its weakest is Capital Efficiency (30/100).

How does New Horizon Aircraft Ltd. compare with other Aerospace & Defense companies?

New Horizon Aircraft Ltd. ranks #50 of 80 scored companies in Aerospace & Defense by moat score. The widest moat in Aerospace & Defense is Howmet Aerospace Inc. (HWM) at 80/100. The companies ranked closest are AMMO, Inc. - 8.75% Series A Cum (POWWP) at 37 just above it and Intuitive Machines, Inc. (LUNR) at 36 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 79 companies in Aerospace & Defense. The defenses are then weighted to produce the overall score out of 100.

Why is New Horizon Aircraft Ltd. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for New Horizon Aircraft Ltd.?

The Corporate Default template measures 6 defenses, and HOVR scores: Pricing Power (not measurable), Cost Advantage (not measurable), Customer Stickiness (not measurable), Capital Efficiency (30), Resilience (46), Scale & Market Position (not measurable). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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