Overview Dividends

(HEI-A) HEICO - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US4228062083

Engine Parts, Avionics, Thermal Insulation, RF Shielding, Power Electronics

Aerospace & Defense
Market Cap in USD: 37,400m
IPO / Inception: 2016-01-04
Return 12m vs S&P 500: 6.72%

Dividends

Dividend Yield 0.09%
Yield on Cost 5y 0.19%
Yield CAGR 5y 7.03%
Payout Consistency 90.4%
Payout Ratio 6.4%
Risk via 10d forecast
Volatility 24.3%
Value at Risk 5%th 38.4%
Relative Tail Risk -4.11%
Reward TTM
Sharpe Ratio 0.62
Alpha 10.78
CAGR/Max DD 1.53
Character TTM
Hurst Exponent 0.312
Beta 0.711
Beta Downside 0.784
Drawdowns 3y
Max DD 17.89%
Mean DD 4.54%
Median DD 3.67%

Description: HEI-A HEICO December 03, 2025

HEICO Corporation (NYSE:HEI-A) operates two core segments: the Flight Support Group, which supplies and overhauls jet-engine and aircraft components for commercial, regional, and military aviation, and the Electronic Technologies Group, which designs and manufactures a broad portfolio of electro-optical, microwave, power-electronics, and specialty-semiconductor products for aerospace, defense, and industrial customers.

In FY 2023 the company generated roughly $2.6 billion in revenue, with the Flight Support Group contributing about 55 % and delivering an operating margin near 14 %, while the Electronic Technologies Group posted a 12 % margin on a $1.2 billion top line. Recent earnings releases show a 7 % year-over-year increase in aftermarket service backlog, a leading indicator of future cash flow in the MRO space.

Key macro drivers include sustained U.S. defense spending (projected to grow ~3 % annually through 2028) and a rebound in commercial air travel that is boosting demand for jet-engine spare parts and avionics upgrades; however, semiconductor supply constraints could pressure the Electronics segment’s lead times and pricing power.

For a deeper, data-rich view of HEICO’s valuation dynamics, you may find ValueRay’s analyst toolkit worth exploring.

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income (641.8m TTM) > 0 and > 6% of Revenue (6% = 257.4m TTM)
FCFTA 0.09 (>2.0%) and ΔFCFTA 1.66pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 39.04% (prev 37.36%; Δ 1.69pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.10 (>3.0%) and CFO 844.6m > Net Income 641.8m (YES >=105%, WARN >=100%)
Net Debt (2.19b) to EBITDA (1.15b) ratio: 1.90 <= 3.0 (WARN <= 3.5)
Current Ratio 3.35 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (140.9m) change vs 12m ago 0.46% (target <= -2.0% for YES)
Gross Margin 41.48% (prev 41.86%; Δ -0.37pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 53.77% (prev 50.93%; Δ 2.84pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 7.27 (EBITDA TTM 1.15b / Interest Expense TTM 132.4m) >= 6 (WARN >= 3)

Altman Z'' 4.38

(A) 0.20 = (Total Current Assets 2.39b - Total Current Liabilities 711.3m) / Total Assets 8.53b
(B) 0.41 = Retained Earnings (Balance) 3.49b / Total Assets 8.53b
(C) 0.12 = EBIT TTM 962.5m / Avg Total Assets 7.98b
(D) 0.90 = Book Value of Equity 3.49b / Total Liabilities 3.88b
Total Rating: 4.38 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 74.91

1. Piotroski 6.50pt
2. FCF Yield 1.98%
3. FCF Margin 18.24%
4. Debt/Equity 0.59
5. Debt/Ebitda 1.90
6. ROIC - WACC (= 4.42)%
7. RoE 16.57%
8. Rev. Trend 97.79%
9. EPS Trend 21.72%

What is the price of HEI-A shares?

As of December 14, 2025, the stock is trading at USD 242.18 with a total of 137,307 shares traded.
Over the past week, the price has changed by -0.86%, over one month by -4.58%, over three months by -3.49% and over the past year by +21.86%.

Is HEI-A a buy, sell or hold?

HEICO has received a consensus analysts rating of 3.00. Therefor, it is recommend to hold HEI-A.
  • Strong Buy: 0
  • Buy: 0
  • Hold: 1
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the HEI-A price?

Issuer Target Up/Down from current
Wallstreet Target Price 280 15.6%
Analysts Target Price 280 15.6%
ValueRay Target Price 290.1 19.8%

HEI-A Fundamental Data Overview December 05, 2025

Market Cap USD = 37.40b (37.40b USD * 1.0 USD.USD)
P/E Trailing = 53.1996
P/E Forward = 45.2489
P/S = 8.7194
P/B = 8.1624
P/EG = 2.0856
Beta = 1.038
Revenue TTM = 4.29b USD
EBIT TTM = 962.5m USD
EBITDA TTM = 1.15b USD
Long Term Debt = 2.44b USD (from longTermDebt, last quarter)
Short Term Debt = 3.73m USD (from shortTermDebt, last quarter)
Debt = 2.45b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.19b USD (from netDebt column, last quarter)
Enterprise Value = 39.59b USD (37.40b + Debt 2.45b - CCE 261.9m)
Interest Coverage Ratio = 7.27 (Ebit TTM 962.5m / Interest Expense TTM 132.4m)
FCF Yield = 1.98% (FCF TTM 782.4m / Enterprise Value 39.59b)
FCF Margin = 18.24% (FCF TTM 782.4m / Revenue TTM 4.29b)
Net Margin = 14.96% (Net Income TTM 641.8m / Revenue TTM 4.29b)
Gross Margin = 41.48% ((Revenue TTM 4.29b - Cost of Revenue TTM 2.51b) / Revenue TTM)
Gross Margin QoQ = 39.84% (prev 42.50%)
Tobins Q-Ratio = 4.64 (Enterprise Value 39.59b / Total Assets 8.53b)
Interest Expense / Debt = 1.30% (Interest Expense 31.7m / Debt 2.45b)
Taxrate = 18.85% (44.3m / 235.0m)
NOPAT = 781.0m (EBIT 962.5m * (1 - 18.85%))
Current Ratio = 3.35 (Total Current Assets 2.39b / Total Current Liabilities 711.3m)
Debt / Equity = 0.59 (Debt 2.45b / totalStockholderEquity, last quarter 4.14b)
Debt / EBITDA = 1.90 (Net Debt 2.19b / EBITDA 1.15b)
Debt / FCF = 2.79 (Net Debt 2.19b / FCF TTM 782.4m)
Total Stockholder Equity = 3.87b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.52% (Net Income 641.8m / Total Assets 8.53b)
RoE = 16.57% (Net Income TTM 641.8m / Total Stockholder Equity 3.87b)
RoCE = 15.24% (EBIT 962.5m / Capital Employed (Equity 3.87b + L.T.Debt 2.44b))
RoIC = 12.60% (NOPAT 781.0m / Invested Capital 6.20b)
WACC = 8.17% (E(37.40b)/V(39.85b) * Re(8.64%) + D(2.45b)/V(39.85b) * Rd(1.30%) * (1-Tc(0.19)))
Discount Rate = 8.64% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.42%
[DCF Debug] Terminal Value 78.06% ; FCFE base≈692.5m ; Y1≈789.1m ; Y5≈1.09b
Fair Price DCF = 199.6 (DCF Value 16.80b / Shares Outstanding 84.2m; 5y FCF grow 16.26% → 3.0% )
EPS Correlation: 21.72 | EPS CAGR: -44.72% | SUE: -4.0 | # QB: 0
Revenue Correlation: 97.79 | Revenue CAGR: 24.18% | SUE: 1.24 | # QB: 3

Additional Sources for HEI-A Stock

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