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Heico Corp Stock Research

HEI

165.75USD+0.67(+0.41%)Delayed

Market Summary

USD165.75+0.67
Delayed
0.41%

HEI Alerts

HEI Stock Price

HEI RSI Chart

HEI Valuation

Market Cap

9.7B

Price/Earnings (Trailing)

27.48

Price/Sales (Trailing)

4.38

EV/EBITDA

16.53

Price/Free Cashflow

22.17

HEI Price/Sales (Trailing)

HEI Profitability

Operating Margin

39.18%

EBT Margin

22.09%

Return on Equity

13.26%

Return on Assets

7.45%

Free Cashflow Yield

4.51%

HEI Fundamentals

HEI Revenue

Revenue (TTM)

2.3B

Revenue Y/Y

26.63%

Revenue Q/Q

1.85%

HEI Earnings

Earnings (TTM)

357.8M

Earnings Y/Y

7.02%

Earnings Q/Q

-4.3%

Price Action

52 Week Range

126.95177.55
(Low)(High)

Last 7 days

-1.4%

Last 30 days

-4.9%

Last 90 days

7.5%

Trailing 12 Months

6.9%

HEI Financial Health

Current Ratio

2.91

Debt/Equity

0.29

Debt/Cashflow

0.6

HEI Investor Care

Dividend Yield

0.11%

Dividend/Share (TTM)

0.19

Buy Backs (1Y)

59.73%

Diluted EPS (TTM)

2.59

Peers (Alternatives to Heico)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
139.8B
67.1B
-3.52% -3.50%
31.33
2.12
4.17% 34.50%
124.4B
66.0B
-1.04% 6.18%
21.7
1.88
-1.58% -9.23%
117.7B
66.6B
-4.00% 4.49%
-23.86
1.77
6.94% -17.44%
40.2B
5.6B
-5.01% 4.17%
43.17
7.14
15.29% 17.40%
14.0B
12.9B
-8.05% -9.27%
16.22
1.09
3.93% 15.42%
MID-CAP
9.7B
2.3B
-4.88% 6.87%
27.48
4.38
20.68% 11.62%
8.0B
10.7B
-8.87% -0.16%
13.78
0.75
12.10% 6.43%
5.6B
2.2B
3.10% 13.20%
23.51
2.51
5.12% -22.13%
2.4B
5.0B
-10.77% -36.34%
-5.96
0.54
27.24% -0.91%
2.3B
487.1M
5.72% -9.46%
-290.18
4.67
8.46% -5840.15%
SMALL-CAP
1.6B
1.8B
1.32% 7.30%
17.55
0.87
6.02% 23.12%
677.9M
1.4B
-18.13% -61.81%
7.02
0.49
-10.88% 191.35%
637.3M
712.5M
-3.87% -2.52%
22.14
0.89
10.40% -78.76%
292.4M
492.8M
-14.20% -7.84%
-14.86
0.62
11.07% 41.98%
16.3M
83.9M
-21.74% -43.04%
-1.69
0.19
-15.75% -1197.44%

Financials for Heico

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue5.9%2,3392,2082,1082,0101,938
Cost Of Revenue5.7%1,4231,3461,2811,2201,179
  S&GA Expenses6.3%389366362353348
  R&D Expenses2.4%78.0076.0073.0072.0071.00
Costs and Expenses5.8%1,8111,7111,6431,5731,527
EBITDA5.9%629594561532506
EBITDA Margin0.0%0.27*0.27*0.27*0.26*0.26*
Earnings Before Taxes5.2%517491462434407
EBT Margin-0.6%0.22*0.22*0.22*0.22*0.21*
Interest Expenses82.6%12.006.004.005.006.00
Net Income1.7%358352341335321
Net Income Margin-3.9%0.15*0.16*0.16*0.17*0.17*
Free Cahsflow-0.8%432436403378386
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets17.3%4,8054,0953,7873,6853,514
  Current Assets14.4%1,3191,1531,0821,033975
    Cash Equivalents2.2%143140134117125
  Inventory19.7%697582546519504
  Net PPE21.5%274226203194195
  Goodwill19.2%1,9941,6721,5411,5111,446
Liabilities53.6%1,7201,120998961914
  Current Liabilities7.8%453421346304274
  Long Term Debt170.7%781289244264236
Shareholder's Equity3.6%2,6992,6062,4522,3822,305
  Retained Earnings3.3%2,3292,2542,1712,1002,019
  Additional Paid-In Capital-2.2%389397317311302
Accumulated Depreciation4.4%289277273267262
Shares Outstanding0.0%55.0055.00136--
Minority Interest6.8%45.0042.0040.0038.0037.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations-0.3%467468434409415
Cashflow From Investing-127.8%-901-395-337-275-178
Cashflow From Financing1445.6%455-33.83-225-395-507
  Dividend Payments5.9%26.0024.0024.0024.0024.00

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

Returns for HEI

Cumulative Returns on HEI

25.2%


10-Year Cumulative Returns

27.5%


7-Year Cumulative Returns

18.9%


5-Year Cumulative Returns

30.6%


3-Year Cumulative Returns

What are the long-term rolling returns for HEI?

FIve years rolling returns for Heico.

Annualized Returns

Which funds bought or sold HEI recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-19.6
-9,299,700
49,073,300
0.05%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
24.36
4,391,010
17,821,000
0.02%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-5.35
-1,000
91,000
-%
2023-03-06
Rockefeller Capital Management L.P.
added
0.88
1,354,000
19,058,000
0.10%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
unchanged
-
17,552
276,552
0.16%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
sold off
-100
-
-
-%
2023-02-28
Voya Investment Management LLC
added
139
8,468,170
13,919,200
0.02%
2023-02-28
Voya Investment Management LLC
added
0.36
177,748
3,781,750
-%
2023-02-28
Mezzasalma Advisors, LLC
unchanged
-
66,957
1,063,960
0.93%
2023-02-24
SRS Capital Advisors, Inc.
added
1.67
22,945
378,945
0.05%

1–10 of 48

Latest Funds Activity

Are funds buying HEI calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own HEI
No. of Funds

Heico News

Investor's Business Daily

AAR Corp Gets A Composite Rating Upgrade | Investor's Business ....

Investor's Business Daily,
3 days ago

Seeking Alpha

Nasdaq

InvestorPlace

Investor's Business Daily

Zacks Investment Research

Schedule 13G FIlings of Heico

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Feb 15, 2022
principal global investors
5.84%
4,745,691
SC 13G

HEI Fair Value

Heico fair value in different scenarios

The table shows the Fair Value estimates for Heico for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

75.30

-54.57%

117.91

-28.86%

174.83

5.48%

244.76

47.67%

297.97

79.77%
Current Inflation

70.32

-57.57%

106.68

-35.64%

154.31

-6.90%

213.41

28.75%

257.59

55.41%
Very High Inflation

64.14

-61.30%

93.30

-43.71%

130.50

-21.27%

177.37

7.01%

211.56

27.64%

Historical Heico Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Heico

View All Filings
Date Filed Form Type Document
Mar 21, 2023
4
Insider Trading
Mar 21, 2023
4
Insider Trading
Mar 21, 2023
4
Insider Trading
Mar 21, 2023
4
Insider Trading
Mar 20, 2023
8-K
Current Report
Mar 06, 2023
4
Insider Trading
Mar 01, 2023
10-Q
Quarterly Report
Feb 27, 2023
8-K
Current Report
Feb 15, 2023
SC 13G/A
Major Ownership Report
Feb 14, 2023
SC 13G/A
Major Ownership Report
Laurans A. Mendelson
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.

HEI Income Statement

2023-01-31
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Jan. 31, 2023
Jan. 31, 2022
Net sales$ 620,915$ 490,343
Operating costs and expenses:  
Cost of sales377,116300,133
Selling, general and administrative expenses114,36591,388
Total operating costs and expenses491,481391,521
Operating income129,43498,822
Interest expense(6,068)(796)
Other (expense) income639226
Income before income taxes and noncontrolling interests124,00598,252
Income tax expense21,0004,000
Net income from consolidated operations103,00594,252
Less: Net income attributable to noncontrolling interests9,9787,331
Net income attributable to HEICO$ 93,027$ 86,921
Net income per share attributable to HEICO shareholders:  
Basic (in dollars per share)$ 0.68$ 0.64
Diluted (in dollars per share)$ 0.67$ 0.63
Weighted average number of common shares outstanding:  
Basic (in shares)136,655135,635
Diluted (in shares)138,579137,966

HEI Balance Sheet

2023-01-31
CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED - USD ($)
$ in Thousands
Jan. 31, 2023
Oct. 31, 2022
Current assets:  
Cash and cash equivalents$ 142,619$ 139,504
Accounts receivable, net325,764294,848
Contract assets101,54093,978
Inventories, net697,495582,471
Prepaid expenses and other current assets51,38141,929
Total current assets1,318,7991,152,730
Property, plant and equipment, net274,403225,879
Goodwill1,994,3471,672,425
Intangible assets, net873,722733,327
Other assets343,349311,135
Total assets4,804,6204,095,496
Current liabilities:  
Current maturities of long-term debt1,6151,654
Trade accounts payable134,836116,551
Accrued expenses and other current liabilities290,693290,199
Income taxes payable26,35212,455
Total current liabilities453,496420,859
Long-term debt, net of current maturities781,174288,620
Deferred income taxes113,47771,162
Other long-term liabilities372,012338,948
Total liabilities1,720,1591,119,589
Commitments and contingencies
Redeemable noncontrolling interests340,287327,601
Shareholders' equity:  
Preferred Stock00
Additional Paid in Capital388,603397,337
Deferred Compensation Obligation6,1715,297
Common Stock Issued, Employee Stock Trust(6,171)(5,297)
Accumulated Other Comprehensive Income (Loss), Net of Tax(19,358)(46,499)
Retained Earnings (Accumulated Deficit)2,328,5232,253,932
Total HEICO shareholders' equity2,699,1372,606,136
Noncontrolling interests45,03742,170
Total shareholders' equity2,744,1742,648,306
Total liabilities and equity4,804,6204,095,496
Heico Common Stock [Member]  
Shareholders' equity:  
Common Stock547545
Class A Common Stock [Member]  
Shareholders' equity:  
Common Stock$ 822$ 821