HEICO Corporation

DB:HC1 Stock Report

Market Cap: €27.7b

HEICO Valuation

Is HC1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HC1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HC1 (€228.4) is trading below our estimate of fair value (€283.68)

Significantly Below Fair Value: HC1 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HC1?

Key metric: As HC1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HC1. This is calculated by dividing HC1's market cap by their current earnings.
What is HC1's PE Ratio?
PE Ratio64.4x
EarningsUS$514.11m
Market CapUS$28.82b

Price to Earnings Ratio vs Peers

How does HC1's PE Ratio compare to its peers?

The above table shows the PE ratio for HC1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.4x
RHM Rheinmetall
39.3x29.9%€26.9b
MTX MTU Aero Engines
24.1x11.5%€17.1b
OHB OHB
13.4xn/a€936.6m
FQT Frequentis
20.9x14.9%€358.3m
HC1 HEICO
64.4x11.9%€28.8b

Price-To-Earnings vs Peers: HC1 is expensive based on its Price-To-Earnings Ratio (64.4x) compared to the peer average (24.4x).

Price to Earnings Ratio vs Industry

How does HC1's PE Ratio compare vs other companies in the European Aerospace & Defense Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HC1 64.4xIndustry Avg. 24.7xNo. of Companies8PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HC1 is expensive based on its Price-To-Earnings Ratio (64.4x) compared to the European Aerospace & Defense industry average (24.7x).

Price to Earnings Ratio vs Fair Ratio

What is HC1's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HC1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio64.4x
Fair PE Ratio20.9x

Price-To-Earnings vs Fair Ratio: HC1 is expensive based on its Price-To-Earnings Ratio (64.4x) compared to the estimated Fair Price-To-Earnings Ratio (20.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HC1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€228.40
€258.45
+13.2%
10.7%€293.27€187.85n/a15
Dec ’25€259.30
€253.92
-2.1%
12.3%€301.08€164.83n/a16
Nov ’25€227.50
€242.61
+6.6%
11.5%€276.15€159.25n/a16
Oct ’25€236.80
€228.86
-3.4%
11.9%€268.41€154.78n/a15
Sep ’25€234.10
€225.24
-3.8%
11.9%€271.44€156.53n/a17
Aug ’25€222.20
€214.66
-3.4%
10.1%€243.23€158.19n/a16
Jul ’25€206.30
€213.95
+3.7%
11.8%€238.04€158.70n/a16
Jun ’25€196.95
€202.86
+3.0%
13.3%€235.47€156.98n/a16
May ’25€192.35
€197.79
+2.8%
11.0%€230.57€159.99n/a17
Apr ’25€178.30
€193.51
+8.5%
10.4%€218.70€157.54n/a17
Mar ’25€177.80
€190.25
+7.0%
10.7%€217.78€156.88n/a17
Feb ’25€165.20
€186.85
+13.1%
10.3%€223.27€156.84n/a17
Jan ’25€160.60
€179.39
+11.7%
10.0%€207.93€154.36n/a16
Dec ’24€157.10
€177.23
+12.8%
10.5%€213.16€137.82€259.3017
Nov ’24€148.60
€183.02
+23.2%
10.8%€220.63€142.65€227.5016
Oct ’24€151.20
€181.81
+20.2%
11.1%€219.45€141.89€236.8015
Sep ’24€154.50
€177.62
+15.0%
11.3%€213.83€138.26€234.1014
Aug ’24€160.10
€171.84
+7.3%
12.1%€210.93€131.83€222.2011
Jul ’24€162.50
€174.99
+7.7%
12.0%€213.98€134.31€206.3011
Jun ’24€143.90
€174.55
+21.3%
11.0%€216.15€135.68€196.9511
May ’24€152.70
€169.22
+10.8%
8.0%€187.99€132.97€192.3513
Apr ’24€158.00
€172.85
+9.4%
8.7%€194.28€137.42€178.3013
Mar ’24€156.00
€169.69
+8.8%
8.5%€192.27€136.00€177.8013
Feb ’24€155.00
€161.10
+3.9%
7.7%€181.44€128.94€165.2013
Jan ’24€143.00
€157.45
+10.1%
9.6%€175.19€129.98€160.6012
Dec ’23€155.00
€169.31
+9.2%
10.0%€188.40€136.74€157.1013

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 13:04
End of Day Share Price 2024/12/23 00:00
Earnings2024/10/31
Annual Earnings2024/10/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

HEICO Corporation is covered by 37 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Peter ArmentBaird
Ishan MajumdarBaptista Research
David StraussBarclays