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 37,339 - -
Change - 8.76% -0.18% 53.1% 29.9% -2.62% - -
Enterprise Value (EV) 1 17,887 19,465 21,586 31,583 40,292 39,449 38,365 37,212
Change - 8.83% 10.9% 46.31% 27.58% -2.09% -2.75% -3.01%
P/E 63.1x 63.8x 54.4x 66.7x 64.9x 50.1x 44.3x 39.2x
PBR 8.37x 8.53x 6.81x 9.35x 10.2x 8.44x 7.3x 6.42x
PEG - 4.1x 3.9x 2.6x 1.9x 1.8x 3.4x 3x
Capitalization / Revenue 9.52x 8.75x 6.5x 7.65x 8.55x 6.92x 6.22x 5.7x
EV / Revenue 9.59x 8.81x 7.27x 8.19x 8.98x 7.31x 6.39x 5.68x
EV / EBITDA 36.8x 32.8x 28.5x 31.5x 33x 25.7x 22.4x 19.8x
EV / EBIT 45.5x 39.2x 34.5x 38.3x 39.5x 30.3x 26.2x 22.9x
EV / FCF 43.9x 44.7x 54.1x 51.4x 46.8x 40.5x 33.3x 29.8x
FCF Yield 2.28% 2.24% 1.85% 1.94% 2.14% 2.47% 3.01% 3.35%
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 2 139.39 162.64 158.41 244.95 317.77 316.00 316.00 316.00
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.($)
32.25x3.54x16.05x1.28% 155B
41.54x9.34x28.96x0.23% 90.89B
31.17x8.89x16.96x-.--% 62.29B
49.59x7.23x25.46x0.08% 36.9B
19.03x2.01x10.56x1.38% 21.2B
36.01x5.5x24.47x0.18% 20.67B
208.55x - - - 16.57B
49.33x - - - 8.5B
19.67x1.48x10.61x-.--% 7.69B
Average 54.13x 5.43x 19.01x 0.45% 46.66B
Weighted average by Cap. 42.21x 6.04x 20.08x 0.65%

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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  5. Valuation HEICO Corporation
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