HEI - Heico Stock

Market Summary

USD159.67-1.15

Market Closed

-0.72%

HEI Alerts

Big jump in Revenue (Y/Y)

HEI Stock Price

HEI RSI Chart

HEI Valuation

Market Cap

8.7B

Price/Earnings (Trailing)

21.98

Price/Sales (Trailing)

3.31

EV/EBITDA

13.27

Price/Free Cashflow

21.7

HEI Price/Sales (Trailing)

HEI Profitability

Operating Margin

39.05%

EBT Margin

21.73%

Return on Equity

13.41%

Return on Assets

7.76%

Free Cashflow Yield

4.61%

HEI Fundamentals

HEI Revenue

Revenue (TTM)

2.6B

Revenue Y/Y

26.93%

Revenue Q/Q

5.1%

HEI Earnings

Earnings (TTM)

397.4M

Earnings Y/Y

23.6%

Earnings Q/Q

-2.95%

Price Action

52 Week Range

138.82182.18

(Low)(High)

Last 7 days

-3.0%

Last 30 days

-3.5%

Last 90 days

-8.1%

Trailing 12 Months

7.3%

HEI Financial Health

Current Ratio

2.93

Debt/Equity

0.26

Debt/Cashflow

0.61

HEI Investor Care

Dividend Yield

0.13%

Dividend/Share (TTM)

0.2

Buy Backs (1Y)

59.77%

Diluted EPS (TTM)

2.87

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Get all data in R, Python etc through our Historical Stock Data APIs

Which funds bought or sold HEI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-09-21	Jefferies Group LLC	added	22.85	17,776,000	70,647,600	0.59%
2023-09-21	Baystate Wealth Management LLC	unchanged	-	47.00	1,417	-%
2023-09-20	BARCLAYS PLC	added	28.79	5,203,000	20,862,000	0.01%
2023-09-20	BARCLAYS PLC	added	9.58	13,021,000	110,442,000	0.07%
2023-09-12	Farther Finance Advisors, LLC	unchanged	-	18.00	562	-%
2023-09-12	Farther Finance Advisors, LLC	unchanged	-	30.00	885	-%
2023-09-05	Delos Wealth Advisors, LLC	unchanged	-	14.00	422	-%
2023-09-01	DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA.	new	-	8,914,460	8,914,460	0.87%
2023-09-01	Portside Wealth Group, LLC	new	-	303,974	303,974	0.06%
2023-08-24	Alberta Investment Management Corp	unchanged	-	29,500	884,700	0.01%

Latest Funds Activity

Are funds buying HEI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own HEI

No. of Funds

HEI Alerts

Big jump in Revenue (Y/Y)

Schedule 13G FIlings of Heico

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 31, 2023	principal global investors	8.92%	7,326,981	SC 13G/A
Feb 15, 2023	principal global investors	8.92%	7,326,981	SC 13G/A
Feb 14, 2023	vulcan value partners, llc	1.68%	1,399,967	SC 13G/A
Feb 13, 2023	capital world investors	6.3%	3,422,555	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	9.53%	7,824,195	SC 13G/A
Feb 09, 2023	vanguard group inc	6.25%	3,408,048	SC 13G/A
Feb 07, 2023	blackrock inc.	6.2%	5,079,765	SC 13G/A
Jan 24, 2023	blackrock inc.	9.4%	5,120,681	SC 13G/A
Mar 10, 2022	morgan stanley	0.2%	141,547	SC 13G/A

Recent SEC filings of Heico

View All Filings

Date Filed	Form Type	Document
Sep 14, 2023	4	Insider Trading
Sep 12, 2023	144	Notice of Insider Sale Intent
Aug 30, 2023	10-Q	Quarterly Report
Aug 28, 2023	8-K	Current Report
Aug 10, 2023	8-K	Current Report
Aug 04, 2023	S-3ASR	S-3ASR
Aug 04, 2023	8-K	Current Report
Jul 27, 2023	8-K	Current Report
Jul 24, 2023	8-K	Current Report
Jul 21, 2023	424B5	Prospectus Filed

HEI Fair Value

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Peers (Alternatives to Heico)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
LMT	128.3B	67.4B	-9.00%	-2.00%	22.39	1.94	5.03%	50.05%
BA	123.5B	73.6B	-13.51%	42.53%	-29.91	1.75	21.18%	15.27%
TDG	48.5B	6.2B	-2.11%	52.76%	42.18	7.76	20.10%	42.03%
TXT	15.4B	13.2B	2.69%	27.38%	17.04	1.17	5.57%	12.84%
RTX	-	70.6B	-16.81%	-13.72%	-	-	8.10%	24.51%
MID-CAP
HEI	8.7B	2.6B	-3.49%	7.31%	21.98	3.31	25.29%	16.69%
HII	8.0B	10.9B	-8.17%	-14.15%	15.43	0.74	6.30%	-11.11%
BWXT	6.8B	2.3B	1.38%	44.08%	30.28	2.91	7.03%	-27.80%
AVAV	3.0B	584.4M	15.25%	25.24%	-16.76	5.05	28.93%	-4109.49%
SPR	-	5.4B	-34.00%	-38.94%	-	-	20.31%	-109.88%
SMALL-CAP
AIR	-	2.0B	-3.32%	58.02%	-	-	9.37%	14.61%
ATRO	-	620.6M	-8.34%	80.97%	-	-	31.15%	-93.33%
DCO	625.8M	743.4M	-5.58%	5.32%	25.91	0.84	11.66%	-81.80%
SIF	17.2M	80.6M	0.71%	-10.19%	-1.18	0.21	-13.73%	-533.17%
TGI	526.1M	1.4B	-19.57%	-20.93%	6.43	0.39	-3.95%	459.45%

Heico News

Returns for HEI

Cumulative Returns on HEI

19.2%

10-Year Cumulative Returns

24.2%

7-Year Cumulative Returns

12.0%

5-Year Cumulative Returns

14.2%

3-Year Cumulative Returns

Risks for HEI

What is the probability of a big loss on HEI?

39.6%

Probability that Heico stock will be more than 20% underwater in next one year

19.6%

Probability that Heico stock will be more than 30% underwater in next one year.

18.9%

Probability that Heico stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does HEI drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Heico was unfortunately bought at previous high price.

Drawdowns

Financials for Heico

Income Statement (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3
Revenue	6.2%	2,641	2,488	2,339	2,208	2,108	2,010	1,938	1,866	1,782	1,697	1,699	1,787	1,902	2,048	2,096	2,056	1,991	1,925	1,839	1,778	1,722
Cost Of Revenue	6.3%	1,612	1,516	1,423	1,346	1,281	1,220	1,179	1,138	1,098	1,054	1,056	1,105	1,173	1,249	1,266	1,242	1,200	1,165	1,121	1,087	1,058
Costs and Expenses	6.9%	2,059	1,926	1,811	1,711	1,643	1,573	1,527	1,473	1,416	1,363	1,353	1,410	1,494	1,589	1,626	1,599	1,551	1,502	1,445	1,401	1,360
S&GA Expenses	9.1%	447	410	389	366	362	353	348	335	318	309	297	305	322	340	360	357	351	337	324	314	302
R&D Expenses	8.2%	89.00	82.00	78.00	76.00	73.00	72.00	71.00	69.00	71.00	68.00	67.00	66.00	66.00	68.00	68.00	67.00	67.00	65.00	62.00	57.00	53.00
EBITDA	-100.0%	-	669	629	594	561	532	506	487	461	428	438	467	496	546	558	543	524	504	472	453	438
EBITDA Margin	-100.0%	-	0.27*	0.27*	0.27*	0.27*	0.26*	0.26*	0.26*	0.26*	0.25*	0.26*	0.26*	0.26*	0.27*	0.27*	0.26*	0.26*	0.26*	0.26*	0.26*	0.25*
Interest Expenses	48.6%	33.00	22.00	12.00	6.00	4.00	5.00	6.00	7.00	9.00	10.00	11.00	13.00	16.00	19.00	20.00	22.00	22.00	21.00	21.00	20.00	18.00
Earnings Before Taxes	2.0%	551	541	517	491	462	434	407	387	360	327	337	365	393	441	453	438	421	403	373	356	344
EBT Margin	-100.0%	-	0.22*	0.22*	0.22*	0.22*	0.22*	0.21*	0.21*	0.20*	0.19*	0.20*	0.20*	0.21*	0.22*	0.22*	0.21*	0.21*	0.21*	0.20*	0.20*	0.20*
Net Income	5.2%	397	378	358	352	341	335	321	304	280	258	263	314	337	364	370	328	310	296	273	259	246
Net Income Margin	-100.0%	-	0.15*	0.15*	0.16*	0.16*	0.17*	0.17*	0.16*	0.16*	0.15*	0.15*	0.18*	0.18*	0.18*	0.18*	0.16*	0.16*	0.15*	0.15*	0.15*	0.14*
Free Cashflow	-100.0%	-	410	432	436	403	378	386	408	409	381	404	386	398	436	439	408	410	378	293	287	272

Balance Sheet
(In Millions)

Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3
Assets	12.0%	5,453	4,870	4,805	4,095	3,787	3,685	3,514	3,498	3,462	3,595	3,566	3,548	3,423	3,365	3,097	2,969	2,960	2,854	2,797	2,653	2,655
Current Assets	41.4%	1,932	1,367	1,319	1,153	1,082	1,033	975	937	1,031	1,163	1,149	1,166	1,141	1,126	825	814	803	803	779	734	728
Cash Equivalents	446.0%	694	127	143	140	134	117	125	108	270	385	399	407	395	347	64.00	57.00	59.00	64.00	58.00	60.00	67.00
Inventory	1.4%	732	722	697	582	546	519	504	478	457	463	463	463	473	458	441	420	416	410	406	402	392
Net PPE	4.1%	285	274	274	226	203	194	195	194	179	177	178	169	170	171	172	173	173	170	169	155	155
Goodwill	-0.2%	2,026	2,031	1,994	1,672	1,541	1,511	1,446	1,450	1,403	1,400	1,388	1,383	1,320	1,300	1,301	1,269	1,263	1,187	1,170	1,115	1,102
Liabilities	29.2%	2,150	1,665	1,720	1,120	998	961	914	949	1,017	1,212	1,263	1,316	1,267	1,279	1,092	1,086	1,140	1,040	1,056	1,018	1,091
Current Liabilities	2.6%	479	467	453	421	346	304	274	295	262	257	235	241	230	256	244	289	269	251	224	282	255
Long Term Debt	62.9%	1,198	736	781	289	244	264	236	235	385	583	669	739	739	739	568	561	639	556	608	532	623
Shareholder's Equity	3.4%	2,914	2,818	2,699	2,606	2,452	2,382	2,305	2,263	2,187	2,128	2,049	1,980	1,922	1,859	1,779	1,667	1,616	1,662	1,602	1,398	1,430
Retained Earnings	3.6%	2,523	2,435	2,329	2,254	2,171	2,100	2,019	1,950	1,873	1,813	1,744	1,688	1,623	1,584	1,509	1,397	1,322	1,252	1,175	1,105	1,025
Additional Paid-In Capital	1.9%	406	399	389	397	317	311	302	321	316	312	301	300	302	297	288	285	309	310	324	321	317
Accumulated Depreciation	3.2%	308	299	289	277	273	267	262	257	252	247	241	232	233	225	219	212	204	198	192	188	180
Shares Outstanding	0.0%	55.00	55.00	137	55.00	136	136	136	54.00	135	135	135	54.00	135	135	135	54.00	134	133	133	53.00	133
Minority Interest	7.3%	45.00	42.00	45.00	42.00	40.00	38.00	37.00	34.00	33.00	32.00	31.00	30.00	30.00	31.00	31.00	28.00	26.00	115	112	105	96.00

Cashflow (Last 12 Months)
(In Millions)

Cashflow (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3
Cashflow From Operations	-0.7%	444	448	467	468	434	409	415	444	444	413	435	409	423	465	469	437	427	403	326	328	324
Cashflow From Investing	8.0%	-746	-811	-901	-395	-337	-275	-178	-183	-169	-180	-160	-199	-111	-193	-228	-280	-291	-191	-205	-113	-430
Cashflow From Financing	130.6%	860	373	455	-33.83	-225	-395	-507	-558	-400	-199	57.00	138	22.00	12.00	-233	-159	-143	-194	-126	-207	124
Dividend Payments	5.6%	27.00	26.00	26.00	24.00	24.00	24.00	24.00	23.00	23.00	22.00	22.00	22.00	22.00	20.00	20.00	19.00	19.00	17.00	17.00	15.00	15.00

HEI Income Statement

2023-07-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Net sales	$ 722,902	$ 569,528	$ 2,031,658	$ 1,598,684
Operating costs and expenses:
Cost of sales	444,168	348,591	1,242,613	976,308
Selling, general and administrative expenses	129,367	92,190	353,154	272,030
Total operating costs and expenses	573,535	440,781	1,595,767	1,248,338
Operating income	149,367	128,747	435,891	350,346
Interest expense	(12,120)	(1,406)	(29,561)	(3,181)
Other (expense) income	906	145	1,888	685
Income before income taxes and noncontrolling interests	138,153	127,486	408,218	347,850
Income tax expense	25,400	34,400	77,400	67,400
Net income from consolidated operations	112,753	93,086	330,818	280,450
Less: Net income attributable to noncontrolling interests	10,730	10,546	30,648	25,979
Net income attributable to HEICO	$ 102,023	$ 82,540	$ 300,170	$ 254,471
Net income per share attributable to HEICO shareholders:
Basic (in dollars per share)	$ 0.74	$ 0.61	$ 2.19	$ 1.87
Diluted (in dollars per share)	$ 0.74	$ 0.60	$ 2.17	$ 1.85
Weighted average number of common shares outstanding:
Basic (in shares)	137,006	135,978	136,859	135,835
Diluted (in shares)	138,668	137,837	138,616	137,890

HEI Balance Sheet

2023-07-31

CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED - USD ($) $ in Thousands	Jul. 31, 2023	Oct. 31, 2022
Current assets:
Cash and cash equivalents	$ 694,263	$ 139,504
Accounts receivable, net	355,491	294,848
Contract assets	102,832	93,978
Inventories, net	731,966	582,471
Prepaid expenses and other current assets	47,372	41,929
Total current assets	1,931,924	1,152,730
Property, plant and equipment, net	285,033	225,879
Goodwill	2,026,279	1,672,425
Intangible assets, net	822,545	733,327
Other assets	387,521	311,135
Total assets	5,453,302	4,095,496
Current liabilities:
Current maturities of long-term debt	16,777	1,654
Trade accounts payable	139,515	116,551
Accrued expenses and other current liabilities	315,606	290,199
Income taxes payable	7,149	12,455
Total current liabilities	479,047	420,859
Long-term debt, net of current maturities	1,198,484	288,620
Deferred income taxes	83,357	71,162
Other long-term liabilities	389,335	338,948
Total liabilities	2,150,223	1,119,589
Commitments and contingencies
Redeemable noncontrolling interests	343,883	327,601
Shareholders' equity:
Preferred Stock, $.01 par value per share; 10,000 shares authorized; none issued	0	0
Capital in excess of par value	406,442	397,337
Deferred compensation obligation	6,318	5,297
HEICO stock held by irrevocable trust	(6,318)	(5,297)
Accumulated other comprehensive loss	(16,657)	(46,499)
Retained earnings	2,523,212	2,253,932
Total HEICO shareholders' equity	2,914,367	2,606,136
Noncontrolling interests	44,829	42,170
Total shareholders' equity	2,959,196	2,648,306
Total liabilities and equity	5,453,302	4,095,496
Class A Common Stock [Member]
Shareholders' equity:
Common Stock	823	821
Heico Common Stock [Member]
Shareholders' equity:
Common Stock	$ 547	$ 545

About Heico

Laurans A. Mendelson

www.heico.com

5600

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. Its Electronic Technologies Group segment provides electro-optical infrared simulation and test equipment; electro-optical laser products; electro-optical, microwave, and other power equipment; electromagnetic and RFI shielding and suppression filters; high-speed interface products; high voltage interconnection devices; high voltage advanced power electronics; power conversion products; and underwater locator beacons and emergency locator transmission beacons. This segment also offers traveling wave tube amplifiers and microwave power modules; three-dimensional microelectronic and stacked memory products; harsh environment connectivity products and custom molded cable assemblies; radio frequency and microwave amplifiers, transmitters, and receivers; communications and electronic intercept receivers and tuners; self-sealing auxiliary fuel systems; active antenna systems; and nuclear radiation detectors. The company serves customers primarily in the aviation, defense, space, medical, telecommunications, and electronics industries. HEICO Corporation was incorporated in 1957 and is headquartered in Hollywood, Florida.

Market Summary

HEI Alerts

HEI Stock Price

HEI RSI Chart

HEI Valuation

HEI Price/Sales (Trailing)

HEI Profitability

HEI Fundamentals

HEI Revenue

HEI Earnings

Price Action

52 Week Range

HEI Financial Health

HEI Investor Care

Historical Charts for Stock Metrics

Which funds bought or sold HEI recently?

Latest Funds Activity

HEI Alerts

Schedule 13G FIlings of Heico

Recent SEC filings of Heico

HEI Fair Value

Peers (Alternatives to Heico)

Heico News

Returns for HEI

Cumulative Returns on HEI

Risks for HEI

What is the probability of a big loss on HEI?

How does HEI drawdown profile look like?

Financials for Heico

Income Statement (Last 12 Months).css-zgnqz2{margin:0;font-family:"Roboto","Helvetica","Arial",sans-serif;font-weight:400;font-size:0.75rem;line-height:1.66;letter-spacing:0.03333em;color:#595959;}(In Millions)

Balance Sheet(In Millions)

Cashflow (Last 12 Months)(In Millions)

HEI Income Statement

HEI Balance Sheet

About Heico

Income Statement (Last 12 Months)
(In Millions)

Balance Sheet
(In Millions)

Cashflow (Last 12 Months)
(In Millions)