(HEI) Heico - Overview
Sector: Industrials | Industry: Aerospace & Defense | Exchange: NYSE (USA) | Market Cap: 42.001m USD | Total Return: 9.9% in 12m
Avg Turnover: 216M
EPS Trend: 99.1%
Qual. Beats: 5
Rev. Trend: 97.3%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
HEICO Corporation (NYSE: HEI) is an aerospace and defense manufacturer specializing in niche replacement parts and electronic systems. The company operates through two primary segments: the Flight Support Group, which focuses on jet engine and aircraft component parts, and the Electronic Technologies Group, which produces specialized mission-critical electronics for defense, space, and medical applications.
The company utilizes a unique business model as the worlds largest independent manufacturer of FAA-approved alternative aircraft parts, offering components at lower costs than Original Equipment Manufacturers (OEMs). This position allows HEICO to benefit from the consistent demand for maintenance, repair, and overhaul (MRO) services within the commercial aviation sector. The Electronic Technologies segment further diversifies the business by supplying high-reliability components for satellite communications, sub-surface technology, and military simulation.
For a deeper dive into these business segments and historical performance, you can explore the data available on ValueRay. Founded in 1957 and headquartered in Florida, HEICO maintains a significant presence in both domestic and international aerospace markets.
- Commercial aircraft aftermarket demand drives Flight Support Group revenue growth
- PMA part adoption rates lower airline maintenance and operating costs
- Defense spending levels impact Electronic Technologies Group specialized component sales
- Strategic acquisitions of niche aerospace firms accelerate long-term earnings expansion
- Supply chain disruptions and raw material costs pressure manufacturing profit margins
| Net Income: 712.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA 0.41 > 1.0 |
| NWC/Revenue: 36.02% < 20% (prev 37.19%; Δ -1.17% < -1%) |
| CFO/TA 0.10 > 3% & CFO 909.8m > Net Income 712.6m |
| Net Debt (2.27b) to EBITDA (1.26b): 1.81 < 3 |
| Current Ratio: 3.06 > 1.5 & < 3 |
| Outstanding Shares: last quarter (141.0m) vs 12m ago 0.39% < -2% |
| Gross Margin: 40.24% > 18% (prev 0.42%; Δ 3.98k% > 0.5%) |
| Asset Turnover: 54.72% > 50% (prev 50.59%; Δ 4.14% > 0%) |
| Interest Coverage Ratio: 8.33 > 6 (EBITDA TTM 1.26b / Interest Expense TTM 126.9m) |
| A: 0.18 (Total Current Assets 2.48b - Total Current Liabilities 810.6m) / Total Assets 9.04b |
| B: 0.42 (Retained Earnings 3.82b / Total Assets 9.04b) |
| C: 0.12 (EBIT TTM 1.06b / Avg Total Assets 8.47b) |
| D: 0.96 (Book Value of Equity 3.84b / Total Liabilities 4.00b) |
| Altman-Z'' = 4.44 = AA |
| DSRI: 0.88 (Receivables 652.0m/641.5m, Revenue 4.63b/3.99b) |
| GMI: 1.04 (GM 40.24% / 41.95%) |
| AQI: 0.98 (AQ_t 0.68 / AQ_t-1 0.69) |
| SGI: 1.16 (Revenue 4.63b / 3.99b) |
| TATA: -0.02 (NI 712.6m - CFO 909.8m) / TA 9.04b) |
| Beneish M = -3.01 (Cap -4..+1) = AA |
As of May 26, 2026, the stock is trading at USD 301.04 with a total of 480,300 shares traded.
Over the past week, the price has changed by +4.22%,
over one month by +13.12%,
over three months by -12.67% and
over the past year by +9.94%.
Heico has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy HEI.
- StrongBuy: 9
- Buy: 4
- Hold: 7
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 353.2 | 17.3% |
P/E Trailing = 59.4941
P/E Forward = 51.8135
P/S = 9.0647
P/B = 9.3279
P/EG = 2.8072
Revenue TTM = 4.63b USD
EBIT TTM = 1.06b USD
EBITDA TTM = 1.26b USD
Long Term Debt = 2.50b USD (from longTermDebt, last quarter)
Short Term Debt = 3.40m USD (from shortTermDebt, last quarter)
Debt = 2.53b USD (from shortLongTermDebtTotal, last quarter) + Leases 25.7m
Net Debt = 2.27b USD (calculated: Debt 2.53b - CCE 261.0m)
Enterprise Value = 44.3b USD (42.0b + Debt 2.53b - CCE 261.0m)
Interest Coverage Ratio = 8.33 (Ebit TTM 1.06b / Interest Expense TTM 126.9m)
EV/FCF = 52.66x (Enterprise Value 44.3b / FCF TTM 840.8m)
FCF Yield = 1.90% (FCF TTM 840.8m / Enterprise Value 44.3b)
FCF Margin = 18.15% (FCF TTM 840.8m / Revenue TTM 4.63b)
Net Margin = 15.38% (Net Income TTM 712.6m / Revenue TTM 4.63b)
Gross Margin = 40.24% ((Revenue TTM 4.63b - Cost of Revenue TTM 2.77b) / Revenue TTM)
Gross Margin QoQ = 38.60% (prev 40.17%)
Tobins Q-Ratio = 4.90 (Enterprise Value 44.3b / Total Assets 9.04b)
Interest Expense / Debt = 5.01% (Interest Expense 126.9m / Debt 2.53b)
Taxrate = 11.54% (26.7m / 231.5m)
NOPAT = 934.8m (EBIT 1.06b * (1 - 11.54%))
Current Ratio = 3.06 (Total Current Assets 2.48b / Total Current Liabilities 810.6m)
Debt / Equity = 0.56 (Debt 2.53b / totalStockholderEquity, last quarter 4.50b)
Debt / EBITDA = 1.81 (Net Debt 2.27b / EBITDA 1.26b)
Debt / FCF = 2.70 (Net Debt 2.27b / FCF TTM 840.8m)
Total Stockholder Equity = 4.23b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.42% (Net Income 712.6m / Total Assets 9.04b)
RoE = 16.85% (Net Income TTM 712.6m / Total Stockholder Equity 4.23b)
RoCE = 15.69% (EBIT 1.06b / Capital Employed (Equity 4.23b + L.T.Debt 2.50b))
RoIC = 11.72% (NOPAT 934.8m / Invested Capital 7.98b)
WACC = 8.94% (E(42.0b)/V(44.5b) * Re(9.21%) + D(2.53b)/V(44.5b) * Rd(5.01%) * (1-Tc(0.12)))
Discount Rate = 9.21% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 91.11 | Cagr: 0.40%
[DCF] Terminal Value 76.09% ; FCFF base≈785.1m ; Y1≈900.0m ; Y5≈1.32b
[DCF] Fair Price = 286.3 (EV 18.1b - Net Debt 2.27b = Equity 15.8b / Shares 55.1m; r=8.94% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 99.15 | EPS CAGR: 27.28% | SUE: 0.84 | # QB: 5
Revenue Correlation: 97.32 | Revenue CAGR: 24.73% | SUE: 0.28 | # QB: 0
EPS current Quarter (2026-07-31): EPS=1.44 | Chg30d=+0.04% | Revisions=+14% | Analysts=18
EPS current Year (2026-10-31): EPS=5.66 | Chg30d=+0.26% | Revisions=+0% | GrowthEPS=+15.5% | GrowthRev=+13.2%
EPS next Year (2027-10-31): EPS=6.38 | Chg30d=+0.40% | Revisions=+25% | GrowthEPS=+12.7% | GrowthRev=+8.7%
[Analyst] Revisions Ratio: +25%