HEICO CORP (HEI) Fundamental Analysis & Valuation

NYSE:HEI • US4228061093

Current stock price

264.04 USD
-4.7 (-1.75%)
At close:
264.05 USD
0.01 (0%)
After Hours:

This HEI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. HEI Profitability Analysis

1.1 Basic Checks

  • In the past year HEI was profitable.
  • In the past year HEI had a positive cash flow from operations.
  • In the past 5 years HEI has always been profitable.
  • In the past 5 years HEI always reported a positive cash flow from operatings.
HEI Yearly Net Income VS EBIT VS OCF VS FCFHEI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

1.2 Ratios

  • HEI's Return On Assets of 7.88% is amongst the best of the industry. HEI outperforms 81.25% of its industry peers.
  • The Return On Equity of HEI (15.83%) is better than 77.50% of its industry peers.
  • HEI has a Return On Invested Capital of 10.60%. This is in the better half of the industry: HEI outperforms 80.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for HEI is in line with the industry average of 9.34%.
  • The 3 year average ROIC (9.64%) for HEI is below the current ROIC(10.60%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 7.88%
ROE 15.83%
ROIC 10.6%
ROA(3y)6.83%
ROA(5y)7.56%
ROE(3y)14.33%
ROE(5y)13.99%
ROIC(3y)9.64%
ROIC(5y)10.07%
HEI Yearly ROA, ROE, ROICHEI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • HEI's Profit Margin of 15.38% is amongst the best of the industry. HEI outperforms 90.00% of its industry peers.
  • HEI's Profit Margin has declined in the last couple of years.
  • HEI has a better Operating Margin (22.71%) than 90.00% of its industry peers.
  • HEI's Operating Margin has improved in the last couple of years.
  • HEI has a Gross Margin of 39.62%. This is in the better half of the industry: HEI outperforms 77.50% of its industry peers.
  • HEI's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 22.71%
PM (TTM) 15.38%
GM 39.62%
OM growth 3Y0.33%
OM growth 5Y1.51%
PM growth 3Y-1.13%
PM growth 5Y-2.61%
GM growth 3Y0.65%
GM growth 5Y0.86%
HEI Yearly Profit, Operating, Gross MarginsHEI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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6

2. HEI Health Analysis

2.1 Basic Checks

  • HEI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • HEI has more shares outstanding than it did 1 year ago.
  • HEI has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for HEI has been reduced compared to a year ago.
HEI Yearly Shares OutstandingHEI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
HEI Yearly Total Debt VS Total AssetsHEI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • HEI has an Altman-Z score of 6.58. This indicates that HEI is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of HEI (6.58) is better than 76.25% of its industry peers.
  • HEI has a debt to FCF ratio of 2.98. This is a good value and a sign of high solvency as HEI would need 2.98 years to pay back of all of its debts.
  • HEI has a better Debt to FCF ratio (2.98) than 82.50% of its industry peers.
  • A Debt/Equity ratio of 0.56 indicates that HEI is somewhat dependend on debt financing.
  • HEI has a Debt to Equity ratio of 0.56. This is comparable to the rest of the industry: HEI outperforms 41.25% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 2.98
Altman-Z 6.58
ROIC/WACC1.02
WACC10.44%
HEI Yearly LT Debt VS Equity VS FCFHEI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.3 Liquidity

  • HEI has a Current Ratio of 3.06. This indicates that HEI is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 3.06, HEI is in line with its industry, outperforming 53.75% of the companies in the same industry.
  • HEI has a Quick Ratio of 1.41. This is a normal value and indicates that HEI is financially healthy and should not expect problems in meeting its short term obligations.
  • HEI's Quick ratio of 1.41 is on the low side compared to the rest of the industry. HEI is outperformed by 61.25% of its industry peers.
Industry RankSector Rank
Current Ratio 3.06
Quick Ratio 1.41
HEI Yearly Current Assets VS Current LiabilitesHEI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. HEI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 25.37% over the past year.
  • HEI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.50% yearly.
  • The Revenue has grown by 16.08% in the past year. This is quite good.
  • Measured over the past years, HEI shows a very strong growth in Revenue. The Revenue has been growing by 20.21% on average per year.
EPS 1Y (TTM)25.37%
EPS 3Y24.45%
EPS 5Y16.5%
EPS Q2Q%12.5%
Revenue 1Y (TTM)16.08%
Revenue growth 3Y26.64%
Revenue growth 5Y20.21%
Sales Q2Q%14.4%

3.2 Future

  • HEI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.60% yearly.
  • Based on estimates for the next years, HEI will show a quite strong growth in Revenue. The Revenue will grow by 10.46% on average per year.
EPS Next Y15.95%
EPS Next 2Y14.17%
EPS Next 3Y13.63%
EPS Next 5Y18.6%
Revenue Next Year13.71%
Revenue Next 2Y11.13%
Revenue Next 3Y9.83%
Revenue Next 5Y10.46%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
HEI Yearly Revenue VS EstimatesHEI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B
HEI Yearly EPS VS EstimatesHEI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8 10

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3

4. HEI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 52.18, the valuation of HEI can be described as expensive.
  • The rest of the industry has a similar Price/Earnings ratio as HEI.
  • When comparing the Price/Earnings ratio of HEI to the average of the S&P500 Index (27.42), we can say HEI is valued expensively.
  • Based on the Price/Forward Earnings ratio of 41.21, the valuation of HEI can be described as expensive.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of HEI is on the same level as its industry peers.
  • The average S&P500 Price/Forward Earnings ratio is at 22.24. HEI is valued rather expensively when compared to this.
Industry RankSector Rank
PE 52.18
Fwd PE 41.21
HEI Price Earnings VS Forward Price EarningsHEI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HEI is on the same level as its industry peers.
  • Based on the Price/Free Cash Flow ratio, HEI is valued a bit cheaper than the industry average as 76.25% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 43.81
EV/EBITDA 31.19
HEI Per share dataHEI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates HEI does not grow enough to justify the current Price/Earnings ratio.
  • The excellent profitability rating of HEI may justify a higher PE ratio.
  • HEI's earnings are expected to grow with 13.63% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.27
PEG (5Y)3.16
EPS Next 2Y14.17%
EPS Next 3Y13.63%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. HEI Dividend Analysis

5.1 Amount

  • HEI has a yearly dividend return of 0.09%, which is pretty low.
  • In the last 3 months the price of HEI has falen by -21.04%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • HEI's Dividend Yield is a higher than the industry average which is at 0.37.
  • With a Dividend Yield of 0.09, HEI pays less dividend than the S&P500 average, which is at 1.81.
Industry RankSector Rank
Dividend Yield 0.09%

5.2 History

  • On average, the dividend of HEI grows each year by 7.53%, which is quite nice.
  • HEI has paid a dividend for at least 10 years, which is a reliable track record.
  • HEI has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)7.53%
Div Incr Years8
Div Non Decr Years8
HEI Yearly Dividends per shareHEI Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.05 0.1 0.15 0.2

5.3 Sustainability

  • HEI pays out 4.69% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of HEI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP4.69%
EPS Next 2Y14.17%
EPS Next 3Y13.63%
HEI Yearly Income VS Free CF VS DividendHEI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
HEI Dividend Payout.HEI Dividend Payout, showing the Payout Ratio.HEI Dividend Payout.PayoutRetained Earnings

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HEI Fundamentals: All Metrics, Ratios and Statistics

HEICO CORP

NYSE:HEI (4/24/2026, 8:04:00 PM)

After market: 264.05 0.01 (0%)

264.04

-4.7 (-1.75%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)02-27
Earnings (Next)05-25
Inst Owners75.8%
Inst Owner Change1.89%
Ins Owners22.6%
Ins Owner Change3.55%
Market Cap36.84B
Revenue(TTM)4.63B
Net Income(TTM)712.62M
Analysts77.78
Price Target363.54 (37.68%)
Short Float %5.41%
Short Ratio3.49
Dividend
Industry RankSector Rank
Dividend Yield 0.09%
Yearly Dividend0.23
Dividend Growth(5Y)7.53%
DP4.69%
Div Incr Years8
Div Non Decr Years8
Ex-Date01-05
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.69%
Min EPS beat(2)1.74%
Max EPS beat(2)5.63%
EPS beat(4)4
Avg EPS beat(4)6.15%
Min EPS beat(4)1.74%
Max EPS beat(4)9.81%
EPS beat(8)7
Avg EPS beat(8)7.74%
EPS beat(12)11
Avg EPS beat(12)7.09%
EPS beat(16)13
Avg EPS beat(16)4.51%
Revenue beat(2)1
Avg Revenue beat(2)-0.46%
Min Revenue beat(2)-0.96%
Max Revenue beat(2)0.03%
Revenue beat(4)3
Avg Revenue beat(4)0.8%
Min Revenue beat(4)-0.96%
Max Revenue beat(4)2.31%
Revenue beat(8)4
Avg Revenue beat(8)0.35%
Revenue beat(12)7
Avg Revenue beat(12)0.76%
Revenue beat(16)11
Avg Revenue beat(16)1%
PT rev (1m)-4.32%
PT rev (3m)-2.44%
EPS NQ rev (1m)1.42%
EPS NQ rev (3m)1.7%
EPS NY rev (1m)0.79%
EPS NY rev (3m)2.05%
Revenue NQ rev (1m)6.22%
Revenue NQ rev (3m)2.27%
Revenue NY rev (1m)0.25%
Revenue NY rev (3m)1.79%
Valuation
Industry RankSector Rank
PE 52.18
Fwd PE 41.21
P/S 7.95
P/FCF 43.81
P/OCF 40.49
P/B 8.18
P/tB N/A
EV/EBITDA 31.19
EPS(TTM)5.06
EY1.92%
EPS(NY)6.41
Fwd EY2.43%
FCF(TTM)6.03
FCFY2.28%
OCF(TTM)6.52
OCFY2.47%
SpS33.21
BVpS32.27
TBVpS-7.49
PEG (NY)3.27
PEG (5Y)3.16
Graham Number60.6156 (-77.04%)
Profitability
Industry RankSector Rank
ROA 7.88%
ROE 15.83%
ROCE 12.78%
ROIC 10.6%
ROICexc 10.95%
ROICexgc 36.01%
OM 22.71%
PM (TTM) 15.38%
GM 39.62%
FCFM 18.15%
ROA(3y)6.83%
ROA(5y)7.56%
ROE(3y)14.33%
ROE(5y)13.99%
ROIC(3y)9.64%
ROIC(5y)10.07%
ROICexc(3y)9.9%
ROICexc(5y)10.38%
ROICexgc(3y)33.39%
ROICexgc(5y)33.47%
ROCE(3y)11.62%
ROCE(5y)12.13%
ROICexgc growth 3Y-0.02%
ROICexgc growth 5Y1.82%
ROICexc growth 3Y-0.9%
ROICexc growth 5Y1.04%
OM growth 3Y0.33%
OM growth 5Y1.51%
PM growth 3Y-1.13%
PM growth 5Y-2.61%
GM growth 3Y0.65%
GM growth 5Y0.86%
F-Score8
Asset Turnover0.51
Health
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 2.98
Debt/EBITDA 2
Cap/Depr 34.38%
Cap/Sales 1.49%
Interest Coverage 250
Cash Conversion 72.61%
Profit Quality 117.99%
Current Ratio 3.06
Quick Ratio 1.41
Altman-Z 6.58
F-Score8
WACC10.44%
ROIC/WACC1.02
Cap/Depr(3y)36.14%
Cap/Depr(5y)36.1%
Cap/Sales(3y)1.6%
Cap/Sales(5y)1.64%
Profit Quality(3y)114.39%
Profit Quality(5y)120.24%
High Growth Momentum
Growth
EPS 1Y (TTM)25.37%
EPS 3Y24.45%
EPS 5Y16.5%
EPS Q2Q%12.5%
EPS Next Y15.95%
EPS Next 2Y14.17%
EPS Next 3Y13.63%
EPS Next 5Y18.6%
Revenue 1Y (TTM)16.08%
Revenue growth 3Y26.64%
Revenue growth 5Y20.21%
Sales Q2Q%14.4%
Revenue Next Year13.71%
Revenue Next 2Y11.13%
Revenue Next 3Y9.83%
Revenue Next 5Y10.46%
EBIT growth 1Y19.75%
EBIT growth 3Y27.05%
EBIT growth 5Y22.02%
EBIT Next Year35.23%
EBIT Next 3Y17.12%
EBIT Next 5Y19.29%
FCF growth 1Y94.74%
FCF growth 3Y25.49%
FCF growth 5Y17.4%
OCF growth 1Y88.1%
OCF growth 3Y25.93%
OCF growth 5Y17.96%

HEICO CORP / HEI Fundamental Analysis FAQ

What is the ChartMill fundamental rating of HEICO CORP (HEI) stock?

ChartMill assigns a fundamental rating of 7 / 10 to HEI.


What is the valuation status of HEICO CORP (HEI) stock?

ChartMill assigns a valuation rating of 3 / 10 to HEICO CORP (HEI). This can be considered as Overvalued.


How profitable is HEICO CORP (HEI) stock?

HEICO CORP (HEI) has a profitability rating of 8 / 10.


What are the PE and PB ratios of HEICO CORP (HEI) stock?

The Price/Earnings (PE) ratio for HEICO CORP (HEI) is 52.18 and the Price/Book (PB) ratio is 8.18.


Can you provide the expected EPS growth for HEI stock?

The Earnings per Share (EPS) of HEICO CORP (HEI) is expected to grow by 15.95% in the next year.