HEICO Corporation

NYSE:HEI.A 주식 리포트

시가총액: US$38.6b

HEICO 경영진

경영진 기준 점검 3/4

HEICO CEO는 Eric Mendelson, Oct2009 에 임명되었습니다 의 임기는 16.67 년입니다. 총 연간 보상은 $13.03M, 9.8% 급여 및 90.2% 보너스(회사 주식 및 옵션 포함)로 구성됩니다. 는 $693.17M 가치에 해당하는 회사 주식의 1.79% 직접 소유합니다. 경영진과 이사회의 평균 재임 기간은 16.7 년과 15.3 년입니다.

핵심 정보

Eric Mendelson

최고경영자

US$13.0m

총 보수

CEO 급여 비율9.83%
CEO 재임 기간16.7yrs
CEO 지분 보유율1.8%
경영진 평균 재임 기간16.7yrs
이사회 평균 재임 기간15.3yrs

최근 경영진 업데이트

Recent updates

Seeking Alpha • 23h

HEICO: Strong Momentum, But I Remain On The Sidelines

Summary HEICO blew away April quarter estimates, enough so to make me, who isn't into playing the Wall Street beat-the-guidance-game, wonder if I should upgrade HEI from “Hold” to “Buy.”. This is a case of a great (moat-like) business selling FAA approved jet engine and aircraft spare parts, combined with a very high-valuation stock. The question was especially important to me — My early first "Sell" ratings didn’t initially consider the role of HEI’s strong company quality should play in determining P/E. HEI, as a matter of policy, doesn’t give guidance. So I and others must assess the sustainability of HEI’s powerful growth spurt using early ‘80s-style do-it-yourself analysis. Viewing HEI as if I were back in the early part of my career, I assume the second quarter is not a new normal and that I should continue to rate the stock as a “Hold.”. Read the full article on Seeking Alpha
Seeking Alpha • Jul 09

HEICO: A Total Return Monster

Summary HEICO Corporation, a supplier of key parts in the aerospace industry, is seeing growth due to the resurgence of aerospace demand and its strong pricing power, high revenue growth, and healthy balance sheet. The company has outperformed the S&P 500 over the past decade, with shares returning 720% in that period, and it has recently reported record results and announced the planned acquisition of Wencor Group. Despite a low dividend yield of 0.1%, HEICO's focus on mergers and acquisitions and long-term total return make it an attractive investment for those seeking growth. Read the full article on Seeking Alpha
Seeking Alpha • Jan 01

HEICO: A Great Company Trading At An Unreasonable Price

Summary HEICO has done really well from a fundamental perspective recently, and it's likely that the long-term outlook for shareholders is favorable from here. The company is certainly a leader in its space and a nice niche player in the aerospace market. But even a leader in an attractive market is only worth so much and HEICO is nearing the point of warranting downside.
Seeking Alpha • Oct 17

HEICO Corporation: Too Expensive At This Time

Summary HEICO continues to generate strong revenue and profit growth, even in this current environment. Long term, the company will likely do well and create a lot of value for shareholders. But the stock does look too expensive at this time to warrant serious consideration. If what you're looking for in an investment opportunity is a firm that is involved in the production and sale of aircraft or parts of them, one firm that is definitely worth knowing about is HEICO (HEI). As the world's largest manufacturer of FAA-approved jet engine and aircraft component replacement parts (excluding OEM firms and their subcontractors), HEICO is a rather sizable firm with a market capitalization of $17.41 billion. What's really impressive about the enterprise is how stable it has been during the market's general downturn. Although the company continues to generate strong fundamental performance, shares are incredibly pricey at this point in time. Normally, this would result in some significant downside as the market tanks. But so far, the company has been mostly immune from that. Although this has been the case recently, I do also think that investors would be wise to approach this prospect cautiously. If it weren't for how high quality the enterprise is, I would certainly rate it a ‘sell’, but the quality of it leads me to keep it at a ‘hold’ for now. HEICO is flying high compared to the market Last time I wrote an article about HEICO was back in May of this year. In that article, I found myself impressed by how strong the fundamental performance of the company had been. I could not help but to conclude, based on the company's historical financial data and its overall business model, that it was a truly quality operator in the aerospace market. I even went so far as to claim that the long-term picture for the company was favorable. Given how shares were priced, however, I found myself rating the company a ‘hold’, reflecting my belief that it should generate returns that more or less matched the broader market moving forward. Since then, the company has easily exceeded my expectations. While the S&P 500 is down by 13.7%, shares have generated a loss for investors of only 2.4%. Author - SEC EDGAR Data To understand why this return disparity exists, we should look at data covering the third quarter of the company's 2022 fiscal year. This is the only quarter for which data was not available when I last wrote about the company but that is available today. Consider, for starters, revenue. During that quarter, sales came in at $569.5 million. That's 20.7% higher than the $471.7 million generated the same quarter just one year earlier. Although the company did benefit from a modest increase in revenue associated with its Electronic Technologies Group, the vast majority of the rise came from the Flight Support Group. Revenue there shot up 39.3%, climbing from $237.1 million to $330.3 million. This increase, management said, can be attributed to strong organic growth of 25%. However, the company also benefited to the tune of $35 million from acquisitions made in 2021 and so far in 2022. Interestingly, management also said that sales price changes were not a significant contributing factor to the change in revenue. This is interesting when you consider recent cost inflation and the prospect of additional supply chain disruptions. Management did say, however, that both of these factors could help to push sales even higher for the rest of the year. The company should also benefit from acquisition activities it engaged in. For instance, on July 28th, the company announced its largest-ever acquisition of a global and leading electronic component supplier (95% of it at least) called Exxelia International in a deal valued at 453 million euros, plus the assumption of 14 million euros of liabilities. The firm has continued to make other purchases. But this is just the largest worth mentioning. Author - SEC EDGAR Data The rise in revenue for the company brought with it a nice improvement in profitability. Net income rose from $76.9 million in the third quarter of 2021 to $82.5 million in the third quarter of this year. The reason why the increase wasn't greater is that the gross profit margin for the company dropped from 39.2% to 38.8%, driven by a change in product mix and offset some by higher production volume. Other profitability metrics followed suit. Operating cash flow rose from $124 million to $149.1 million. If we adjust for changes in working capital, it would have risen from $103.7 million to $126.7 million. Meanwhile, EBITDA also improved, jumping from $129.3 million to $152.7 million. As you can see in the chart above, the third quarter was not a one-time event. For the full nine months of its 2022 fiscal year, the company saw attractive revenue, profitability, and cash flow growth. Author - SEC EDGAR Data When it comes to the rest of the 2022 fiscal year, management has not really provided any guidance. But if we annualize results experienced so far for the year, we would get net income of $354.8 million, adjusted operating cash flow of $546.6 million, and EBITDA of $590.4 million. These numbers make it easy to value the company. The firm is currently trading at a forward price to earnings multiple of 49.1, at a forward price to adjusted operating cash flow multiple of 31.9, and at a forward EV to EBITDA multiple of 29.1. These numbers compare favorably to the 57.2, 39.2, and 35.3, readings that we get, respectively, when using data from the 2021 fiscal year. As part of my analysis, I also decided to compare HEICO to five similar firms. On a price-to-earnings basis, these companies ranged from a low of 16.5 to a high of 49.5. And on a price to operating cash flow basis, the range was between 5.1 and 71.6. In both scenarios, four of the five companies were cheaper than our prospect. Meanwhile, using the EV to EBITDA approach, the range was between 10 and 18.1, with HEICO being the most expensive of the group.
Seeking Alpha • May 29

HEICO: Business Is Good, But Shares Are Expensive

HEICO continues to perform well on both its top and bottom lines, a sign that the company is a quality operator in its space. Long-term, the picture for the business is favorable, but this doesn't make it a good investment prospect today. At present, shares are too pricey to make much sense and investors would be wise to look elsewhere for opportunities.

CEO 보수 분석

Eric Mendelson의 보수는 HEICO의 수익에 비해 어떻게 변했나요?
날짜총 보수급여회사 수익
Apr 30 2026n/an/a

US$790m

Jan 31 2026n/an/a

US$713m

Oct 31 2025US$13mUS$1m

US$690m

Jul 31 2025n/an/a

US$642m

Apr 30 2025n/an/a

US$601m

Jan 31 2025n/an/a

US$567m

Oct 31 2024US$6mUS$1m

US$514m

Jul 31 2024n/an/a

US$478m

Apr 30 2024n/an/a

US$443m

Jan 31 2024n/an/a

US$425m

Oct 31 2023US$15mUS$1m

US$404m

Jul 31 2023n/an/a

US$397m

Apr 30 2023n/an/a

US$378m

Jan 31 2023n/an/a

US$358m

Oct 31 2022US$4mUS$1m

US$352m

Jul 31 2022n/an/a

US$341m

Apr 30 2022n/an/a

US$335m

Jan 31 2022n/an/a

US$321m

Oct 31 2021US$10mUS$1m

US$304m

Jul 31 2021n/an/a

US$280m

Apr 30 2021n/an/a

US$258m

Jan 31 2021n/an/a

US$263m

Oct 31 2020US$2mUS$948k

US$314m

Jul 31 2020n/an/a

US$337m

Apr 30 2020n/an/a

US$364m

Jan 31 2020n/an/a

US$370m

Oct 31 2019US$4mUS$1m

US$328m

보상 대 시장: Eric의 총 보수(USD13.03M)는 US 시장에서 비슷한 규모 기업의 평균(USD14.80M) 수준입니다.

보상과 수익: Eric의 보상은 지난 1년 동안 20% 이상 증가했습니다.

CEO

Eric Mendelson (61 yo)

16.7yrs
재임 기간
US$13,029,835
보수

Mr. Eric A. Mendelson is Co-CEO of HEICO Corporation from May 1, 2025 and serves as its Co-Chairman from September 27, 2025. He Co-Founded Mendelson International Corporation (MIC) and has been its Managin...

리더십 팀

이름직위재임 기간보수지분
Eric Mendelson
Co-CEO, Co-President & Co-Chairman16.7yrsUS$13.03m1.79%
$ 693.2m
Victor Mendelson
Co-CEO, Co-President & Co-Chairman30.4yrsUS$12.89m1.89%
$ 728.6m
Carlos Macau
Executive VP14yrsUS$7.48m0.12%
$ 44.9m
Bradley Rowen
Chief Accounting Officer & Assistant Treasurer1.3yrsUS$2.45m0.0024%
$ 930.9k
Joseph Pallot
General Counsel17.8yrsUS$78.00k데이터 없음
Elizabeth Letendre
Corporate Secretaryno data데이터 없음데이터 없음
16.7yrs
평균 재임 기간
59yo
평균 나이

경험이 풍부한 관리: HEI.A의 경영진은 노련하고 경험이 풍부합니다(평균 재임 16.7 년).

이사회 구성원

이름직위재임 기간보수지분
Eric Mendelson
Co-CEO, Co-President & Co-Chairman34.4yrsUS$13.03m1.79%
$ 693.2m
Victor Mendelson
Co-CEO, Co-President & Co-Chairman30.4yrsUS$12.89m1.89%
$ 728.6m
Julie Neitzel
Independent Director11.8yrsUS$290.00k0.012%
$ 4.5m
Adolfo Henriques
Independent Director15.3yrsUS$293.91k0.026%
$ 10.2m
Alan Schriesheim
Independent Director42.4yrsUS$345.00k0.11%
$ 41.8m
Thomas Culligan
Independent Director11.8yrsUS$290.00k0.013%
$ 4.9m
Mark Hildebrandt
Independent Director17.8yrsUS$350.00k0.044%
$ 16.9m
Nanda Cheruvatath
Independent Directorless than a year데이터 없음0.0032%
$ 1.2m
Carol Fine
Independent Director3.5yrsUS$290.00k0.0026%
$ 1.0m
15.3yrs
평균 재임 기간
68yo
평균 나이

경험이 풍부한 이사회: HEI.A의 이사회는 노련하고 경험이 풍부합니다(평균 재임 15.3 년).

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/06/04 11:30
종가2026/06/04 00:00
수익2026/04/30
연간 수익2025/10/31

데이터 소스

당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.

패키지데이터기간미국 소스 예시 *
기업 재무제표10년
  • 손익계산서
  • 현금흐름표
  • 대차대조표
분석가 컨센서스 추정치+3년
  • 재무 예측
  • 분석가 목표주가
시장 가격30년
  • 주가
  • 배당, 분할 및 기타 조치
지분 구조10년
  • 주요 주주
  • 내부자 거래
경영진10년
  • 리더십 팀
  • 이사회
주요 개발10년
  • 회사 공시

* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.

별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.

분석 모델 및 스노우플레이크

이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.

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산업 및 섹터 지표

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분석가 소스

HEICO Corporation는 33명의 분석가가 다루고 있습니다. 이 중 22명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
Peter ArmentBaird
David StraussBarclays
Matthew AkersBNP Paribas