Company Valuation: HEICO Corporation

Data adjusted to current consolidation scope
Fiscal Period: October 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 17,759 19,315 19,279 29,515 38,342 40,058 - -
Change - 8.76% -0.18% 53.1% 29.9% 4.48% - -
Enterprise Value (EV) 1 17,887 19,465 21,586 31,583 40,292 42,013 41,027 39,869
Change - 8.83% 10.9% 46.31% 27.58% 4.27% -2.35% -2.82%
P/E 63.1x 63.8x 54.4x 66.7x 64.9x 56.6x 50x 44x
PBR 8.37x 8.53x 6.81x 9.35x 10.2x 9.2x 8.05x 7.07x
PEG - 4.1x 3.9x 2.6x 1.9x 2.4x 3.8x 3.2x
Capitalization / Revenue 9.52x 8.75x 6.5x 7.65x 8.55x 7.61x 6.9x 6.35x
EV / Revenue 9.59x 8.81x 7.27x 8.19x 8.98x 7.98x 7.07x 6.32x
EV / EBITDA 36.8x 32.8x 28.5x 31.5x 33x 28.4x 25x 22.3x
EV / EBIT 45.5x 39.2x 34.5x 38.3x 39.5x 33.6x 29.4x 26x
EV / FCF 43.9x 44.7x 54.1x 51.4x 46.8x 45.2x 36.5x 32.7x
FCF Yield 2.28% 2.24% 1.85% 1.94% 2.14% 2.21% 2.74% 3.06%
Dividend per Share 2 0.18 0.18 0.2 0.21 0.23 0.2486 0.2703 0.2926
Rate of return 0.13% 0.11% 0.13% 0.09% 0.07% 0.07% 0.08% 0.09%
EPS 2 2.21 2.55 2.91 3.67 4.9 6.052 6.858 7.787
Distribution rate 8.14% 7.06% 6.87% 5.72% 4.69% 4.11% 3.94% 3.76%
Net sales 1 1,866 2,208 2,968 3,858 4,485 5,265 5,807 6,305
EBITDA 1 485.9 593.2 758.3 1,002 1,220 1,478 1,642 1,787
EBIT 1 392.9 496.8 625.3 824.5 1,019 1,250 1,395 1,534
Net income 1 304.2 351.7 403.6 514.1 690.4 849.9 960.6 1,084
Net Debt 1 128.2 150.8 2,307 2,067 1,950 1,954 968.1 -189.2
Reference price 2 139.39 162.64 158.41 244.95 317.77 342.66 342.66 342.66
Nbr of stocks (in thousands) 135,384 136,592 138,187 138,598 139,206 139,738 - -
Announcement Date 12/15/21 12/19/22 12/18/23 12/17/24 12/18/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.13x3.71x17.13x1.22% 156B
52.34x11.48x35.96x0.19% 109B
34.58x9.4x17.98x1.37% 67.93B
46.61x6.94x30.93x0.14% 26.15B
19.63x2.05x10.74x1.35% 21.03B
146.95x - - - 12.71B
22.67x1.66x11.95x-.--% 8.89B
44.61x - - - 7.77B
Average 50.19x 5.87x 20.78x 0.71% 51.22B
Weighted average by Cap. 42.55x 6.96x 23.02x 0.86%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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