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 41,385 - -
Change - 8.76% -0.18% 53.1% 29.9% 7.94% - -
Enterprise Value (EV) 1 17,887 19,465 21,586 31,583 40,292 43,340 42,353 41,182
Change - 8.83% 10.9% 46.31% 27.58% 7.57% -2.28% -2.77%
P/E 63.1x 63.8x 54.4x 66.7x 64.9x 58.1x 51.3x 45.1x
PBR 8.37x 8.53x 6.81x 9.35x 10.2x 9.47x 8.28x 7.27x
PEG - 4.1x 3.9x 2.6x 1.9x 2.4x 3.9x 3.3x
Capitalization / Revenue 9.52x 8.75x 6.5x 7.65x 8.55x 7.85x 7.12x 6.55x
EV / Revenue 9.59x 8.81x 7.27x 8.19x 8.98x 8.22x 7.28x 6.52x
EV / EBITDA 36.8x 32.8x 28.5x 31.5x 33x 29.3x 25.8x 23x
EV / EBIT 45.5x 39.2x 34.5x 38.3x 39.5x 34.6x 30.3x 26.7x
EV / FCF 43.9x 44.7x 54.1x 51.4x 46.8x 46.4x 37.3x 33x
FCF Yield 2.28% 2.24% 1.85% 1.94% 2.14% 2.16% 2.68% 3.03%
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% 0.08%
EPS 2 2.21 2.55 2.91 3.67 4.9 6.07 6.878 7.821
Distribution rate 8.14% 7.06% 6.87% 5.72% 4.69% 4.1% 3.93% 3.74%
Net sales 1 1,866 2,208 2,968 3,858 4,485 5,273 5,817 6,320
EBITDA 1 485.9 593.2 758.3 1,002 1,220 1,478 1,643 1,789
EBIT 1 392.9 496.8 625.3 824.5 1,019 1,253 1,399 1,540
Net income 1 304.2 351.7 403.6 514.1 690.4 853.7 964.5 1,091
Net Debt 1 128.2 150.8 2,307 2,067 1,950 1,955 967.6 -203.5
Reference price 2 139.39 162.64 158.41 244.95 317.77 352.67 352.67 352.67
Nbr of stocks (in thousands) 1,35,384 1,36,592 1,38,187 1,38,598 1,39,206 1,39,738 - -
Announcement Date 15/12/21 19/12/22 18/12/23 17/12/24 18/12/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
58.1x8.22x29.32x0.07% 4.14TCr
34.05x3.74x17.02x1.22% 16TCr
47.99x10.73x33.3x0.2% 11TCr
33.15x9.29x17.71x-.--% 6.63TCr
39.41x6.02x26.82x0.17% 2.27TCr
19.85x2.09x11x1.33% 2.22TCr
183x - - - 1.45TCr
20.43x1.55x11.1x-.--% 813.07Cr
45.08x - - - 775.07Cr
52.29x3.17x16.53x - 482.49Cr
Average 53.34x 5.60x 20.35x 0.43% 4.57TCr
Weighted average by Cap. 43.74x 6.69x 22.31x 0.6%

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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