HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally.
HEI passed our risk checks.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$140.54|
|52 Week High||US$102.64|
|52 Week Low||US$148.95|
|1 Month Change||5.98%|
|3 Month Change||3.35%|
|1 Year Change||23.19%|
|3 Year Change||70.23%|
|5 Year Change||307.08%|
|Change since IPO||44,533.16%|
Recent News & Updates
Are HEICO Corporation (NYSE:HEI) Investors Paying Above The Intrinsic Value?
Today we will run through one way of estimating the intrinsic value of HEICO Corporation ( NYSE:HEI ) by taking the...
Is It Time To Consider Buying HEICO Corporation (NYSE:HEI)?
Today we're going to take a look at the well-established HEICO Corporation ( NYSE:HEI ). The company's stock saw a...
Is HEICO (NYSE:HEI) Using Too Much Debt?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
HEICO - Uncertainty Is Keeping A Lid On The Stock Price
HEICO had a good 2Q21 quarter thanks to a return in demand, strong free cash flow, and an even healthier balance sheet. The company is on pace to achieve pre-pandemic sales and EBITDA in 2022 despite below-average aerospace sentiment. Over the next few months, I expect that HEI's stock price will remain below its highs as economic uncertainty is rising.
|HEI||US Aerospace & Defense||US Market|
Return vs Industry: HEI underperformed the US Aerospace & Defense industry which returned 31.1% over the past year.
Return vs Market: HEI underperformed the US Market which returned 30.3% over the past year.
Stable Share Price: HEI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: HEI's weekly volatility (3%) has been stable over the past year.
About the Company
HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company’s Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components. This segment also distributes hydraulic, pneumatic, structural, interconnect, mechanical, and electro-mechanical components for the commercial, regional, and general aviation markets; and offers repair and overhaul services for jet engine and aircraft component parts, avionics, instruments, composites, and flight surfaces of commercial aircraft, as well as for avionics and navigation systems, subcomponents, and other instruments utilized on military aircraft.
HEICO Fundamentals Summary
|HEI fundamental statistics|
Is HEI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HEI income statement (TTM)|
|Cost of Revenue||US$1.10b|
Last Reported Earnings
Jul 31, 2021
Next Earnings Date
|Earnings per share (EPS)||2.07|
|Net Profit Margin||15.74%|
How did HEI perform over the long term?See historical performance and comparison
0.1%Current Dividend Yield
Is HEICO undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HEI ($140.54) is trading above our estimate of fair value ($105.88)
Significantly Below Fair Value: HEI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HEI is poor value based on its PE Ratio (67.8x) compared to the US Aerospace & Defense industry average (20.6x).
PE vs Market: HEI is poor value based on its PE Ratio (67.8x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: HEI is poor value based on its PEG Ratio (4.6x)
Price to Book Ratio
PB vs Industry: HEI is overvalued based on its PB Ratio (8.7x) compared to the US Aerospace & Defense industry average (3.1x).
How is HEICO forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HEI's forecast earnings growth (14.9% per year) is above the savings rate (2%).
Earnings vs Market: HEI's earnings (14.9% per year) are forecast to grow slower than the US market (14.9% per year).
High Growth Earnings: HEI's earnings are forecast to grow, but not significantly.
Revenue vs Market: HEI's revenue (13% per year) is forecast to grow faster than the US market (9.9% per year).
High Growth Revenue: HEI's revenue (13% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HEI's Return on Equity is forecast to be low in 3 years time (15.9%).
How has HEICO performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HEI has high quality earnings.
Growing Profit Margin: HEI's current net profit margins (15.7%) are lower than last year (17.7%).
Past Earnings Growth Analysis
Earnings Trend: HEI's earnings have grown by 14.2% per year over the past 5 years.
Accelerating Growth: HEI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HEI had negative earnings growth (-16.9%) over the past year, making it difficult to compare to the Aerospace & Defense industry average (1.8%).
Return on Equity
High ROE: HEI's Return on Equity (12.4%) is considered low.
How is HEICO's financial position?
Financial Position Analysis
Short Term Liabilities: HEI's short term assets ($1.0B) exceed its short term liabilities ($262.2M).
Long Term Liabilities: HEI's short term assets ($1.0B) exceed its long term liabilities ($754.6M).
Debt to Equity History and Analysis
Debt Level: HEI's debt to equity ratio (15.3%) is considered satisfactory.
Reducing Debt: HEI's debt to equity ratio has reduced from 46.1% to 15.3% over the past 5 years.
Debt Coverage: HEI's debt is well covered by operating cash flow (118.5%).
Interest Coverage: HEI's interest payments on its debt are well covered by EBIT (42.1x coverage).
What is HEICO current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HEI's dividend (0.13%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.29%).
High Dividend: HEI's dividend (0.13%) is low compared to the top 25% of dividend payers in the US market (3.47%).
Stability and Growth of Payments
Stable Dividend: HEI is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: HEI is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: HEI is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HEI's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Laurans Mendelson (83 yo)
Mr. Laurans A. Mendelson has been the Chief Executive Officer of HEICO Corporation since February 1990. Mr. Mendelson served as the Chief Executive Officer and President at HEICO Aerospace Holdings Corp. H...
CEO Compensation Analysis
Compensation vs Market: Laurans's total compensation ($USD2.94M) is below average for companies of similar size in the US market ($USD11.15M).
Compensation vs Earnings: Laurans's compensation has been consistent with company performance over the past year.
Experienced Management: HEI's management team is seasoned and experienced (12 years average tenure).
Experienced Board: HEI's board of directors are seasoned and experienced ( 14.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HEI insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
HEICO Corporation's employee growth, exchange listings and data sources
- Name: HEICO Corporation
- Ticker: HEI
- Exchange: NYSE
- Founded: 1957
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Market Cap: US$17.631b
- Shares outstanding: 135.38m
- Website: https://www.heico.com
Number of Employees
- HEICO Corporation
- 3000 Taft Street
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/23 22:18|
|End of Day Share Price||2021/10/22 00:00|
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.