HEICO Corporation

NYSE:HEI Stock Report

Market Cap: US$27.7b

HEICO Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 HEI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HEI ($225.85) is trading below our estimate of fair value ($264.46)

Significantly Below Fair Value: HEI 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 HEI?

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

The above table shows the Price to Earnings ratio for HEI. This is calculated by dividing HEI's market cap by their current earnings.
What is HEI's PE Ratio?
PE Ratio61x
EarningsUS$514.11m
Market CapUS$27.69b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HEI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average66.4x
AXON Axon Enterprise
144.1x18.4%US$43.5b
HWM Howmet Aerospace
42.2x16.1%US$45.7b
LHX L3Harris Technologies
31.9x20.3%US$38.7b
TDG TransDigm Group
47.5x17.6%US$70.4b
HEI HEICO
61x11.9%US$27.7b

Price-To-Earnings vs Peers: HEI is good value based on its Price-To-Earnings Ratio (61x) compared to the peer average (66.4x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CVU CPI Aerostructures
3.5xn/aUS$60.45m
AWIN AERWINS Technologies
0.0001xn/aUS$277.00
GIGA.Q Gresham Worldwide
n/an/aUS$7.00
No more companies available in this PE range
HEI 61.0xIndustry Avg. 33.3xNo. of Companies7PE020406080100+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HEI is expensive based on its Price-To-Earnings Ratio (61x) compared to the US Aerospace & Defense industry average (33.3x).

Price to Earnings Ratio vs Fair Ratio

What is HEI'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.

HEI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio61x
Fair PE Ratio25.3x

Price-To-Earnings vs Fair Ratio: HEI is expensive based on its Price-To-Earnings Ratio (61x) compared to the estimated Fair Price-To-Earnings Ratio (25.3x).

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 HEI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$225.85
US$268.33
+18.8%
10.8%US$306.00US$196.00n/a15
Jan ’26US$237.74
US$269.67
+13.4%
10.7%US$306.00US$196.00n/a15
Dec ’25US$273.37
US$266.50
-2.5%
12.3%US$316.00US$173.00n/a16
Nov ’25US$245.86
US$263.56
+7.2%
11.5%US$300.00US$173.00n/a16
Oct ’25US$262.28
US$255.80
-2.5%
11.9%US$300.00US$173.00n/a15
Sep ’25US$256.56
US$248.94
-3.0%
11.9%US$300.00US$173.00n/a17
Aug ’25US$240.97
US$234.75
-2.6%
10.1%US$266.00US$173.00n/a16
Jul ’25US$220.59
US$229.19
+3.9%
11.8%US$255.00US$170.00n/a16
Jun ’25US$221.77
US$219.69
-0.9%
13.3%US$255.00US$170.00n/a16
May ’25US$208.07
US$210.17
+1.0%
11.0%US$245.00US$170.00n/a17
Apr ’25US$188.26
US$208.82
+10.9%
10.4%US$236.00US$170.00n/a17
Mar ’25US$193.89
US$206.17
+6.3%
10.7%US$236.00US$170.00n/a17
Feb ’25US$183.50
US$202.52
+10.4%
10.3%US$242.00US$170.00n/a17
Jan ’25US$178.87
US$197.56
+10.4%
10.0%US$229.00US$170.00US$237.7416
Dec ’24US$175.90
US$192.89
+9.7%
10.5%US$232.00US$150.00US$273.3717
Nov ’24US$158.27
US$192.45
+21.6%
10.8%US$232.00US$150.00US$245.8616
Oct ’24US$161.93
US$192.21
+18.7%
11.1%US$232.00US$150.00US$262.2815
Sep ’24US$169.36
US$192.71
+13.8%
11.3%US$232.00US$150.00US$256.5614
Aug ’24US$175.28
US$189.00
+7.8%
12.1%US$232.00US$145.00US$240.9711
Jul ’24US$176.94
US$188.91
+6.8%
12.0%US$231.00US$145.00US$220.5911
Jun ’24US$154.91
US$186.55
+20.4%
11.0%US$231.00US$145.00US$221.7711
May ’24US$170.78
US$184.54
+8.1%
8.0%US$205.00US$145.00US$208.0713
Apr ’24US$171.04
US$182.38
+6.6%
8.7%US$205.00US$145.00US$188.2613
Mar ’24US$171.41
US$180.92
+5.5%
8.5%US$205.00US$145.00US$193.8913
Feb ’24US$170.33
US$174.92
+2.7%
7.7%US$197.00US$140.00US$183.5013
Jan ’24US$153.64
US$167.17
+8.8%
9.6%US$186.00US$138.00US$178.8712

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 Analysis2025/01/07 23:02
End of Day Share Price 2025/01/07 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 36 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
David StraussBarclays
Joshua SullivanBenchmark Company