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 36,901 - -
Change - 8.76% -0.18% 53.1% 29.9% -3.76% - -
Enterprise Value (EV) 1 17,887 19,465 21,586 31,583 40,292 39,012 37,928 36,775
Change - 8.83% 10.9% 46.31% 27.58% -3.18% -2.78% -3.04%
P/E 63.1x 63.8x 54.4x 66.7x 64.9x 49.6x 43.8x 38.7x
PBR 8.37x 8.53x 6.81x 9.35x 10.2x 8.34x 7.22x 6.34x
PEG - 4.1x 3.9x 2.6x 1.9x 1.7x 3.3x 2.9x
Capitalization / Revenue 9.52x 8.75x 6.5x 7.65x 8.55x 6.84x 6.15x 5.64x
EV / Revenue 9.59x 8.81x 7.27x 8.19x 8.98x 7.23x 6.32x 5.62x
EV / EBITDA 36.8x 32.8x 28.5x 31.5x 33x 25.5x 22.1x 19.5x
EV / EBIT 45.5x 39.2x 34.5x 38.3x 39.5x 30x 25.9x 22.6x
EV / FCF 43.9x 44.7x 54.1x 51.4x 46.8x 40x 32.9x 29.5x
FCF Yield 2.28% 2.24% 1.85% 1.94% 2.14% 2.5% 3.04% 3.39%
Dividend per Share 2 0.18 0.18 0.2 0.21 0.23 0.2471 0.2712 0.2907
Rate of return 0.13% 0.11% 0.13% 0.09% 0.07% 0.08% 0.09% 0.09%
EPS 2 2.21 2.55 2.91 3.67 4.9 6.302 7.13 8.07
Distribution rate 8.14% 7.06% 6.87% 5.72% 4.69% 3.92% 3.8% 3.6%
Net sales 1 1,866 2,208 2,968 3,858 4,485 5,393 6,003 6,548
EBITDA 1 485.9 593.2 758.3 1,002 1,220 1,532 1,713 1,883
EBIT 1 392.9 496.8 625.3 824.5 1,019 1,301 1,467 1,624
Net income 1 304.2 351.7 403.6 514.1 690.4 889.8 1,007 1,138
Net Debt 1 128.2 150.8 2,307 2,067 1,950 2,110 1,027 -126.7
Reference price 2 139.39 162.64 158.41 244.95 317.77 312.32 312.32 312.32
Nbr of stocks (in thousands) 135,384 136,592 138,187 138,598 139,206 139,757 - -
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.($)
33.42x3.67x16.65x1.24% 161B
42.2x9.48x29.41x0.22% 92.33B
31.67x9x17.17x-.--% 63.3B
50.16x7.31x25.74x0.08% 37.33B
19.97x2.1x11.04x1.32% 22.24B
36.85x5.62x25.03x0.18% 21.15B
206.25x - - - 16.38B
49.08x - - - 8.45B
20.35x1.52x10.9x-.--% 7.96B
Average 54.44x 5.53x 19.42x 0.43% 47.78B
Weighted average by Cap. 42.62x 6.14x 20.49x 0.63%

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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