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 39,724 - -
Change - 8.76% -0.18% 53.1% 29.9% 3.61% - -
Enterprise Value (EV) 1 17,887 19,465 21,586 31,583 40,292 41,866 40,720 39,529
Change - 8.83% 10.9% 46.31% 27.58% 3.91% -2.74% -2.93%
P/E 63.1x 63.8x 54.4x 66.7x 64.9x 53.4x 47.6x 41.8x
PBR 8.37x 8.53x 6.81x 9.35x 10.2x 8.97x 7.77x 6.82x
PEG - 4.1x 3.9x 2.6x 1.9x 1.9x 3.9x 3x
Capitalization / Revenue 9.52x 8.75x 6.5x 7.65x 8.55x 7.36x 6.67x 6.09x
EV / Revenue 9.59x 8.81x 7.27x 8.19x 8.98x 7.76x 6.83x 6.06x
EV / EBITDA 36.8x 32.8x 28.5x 31.5x 33x 27.3x 24.1x 21.1x
EV / EBIT 45.5x 39.2x 34.5x 38.3x 39.5x 32.3x 28.2x 24.5x
EV / FCF 43.9x 44.7x 54.1x 51.4x 46.8x 43x 35.3x 31.7x
FCF Yield 2.28% 2.24% 1.85% 1.94% 2.14% 2.33% 2.83% 3.16%
Dividend per Share 2 0.18 0.18 0.2 0.21 0.23 0.2486 0.2712 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 6.296 7.073 8.06
Distribution rate 8.14% 7.06% 6.87% 5.72% 4.69% 3.95% 3.83% 3.63%
Net sales 1 1,866 2,208 2,968 3,858 4,485 5,395 5,958 6,524
EBITDA 1 485.9 593.2 758.3 1,002 1,220 1,534 1,693 1,874
EBIT 1 392.9 496.8 625.3 824.5 1,019 1,297 1,445 1,610
Net income 1 304.2 351.7 403.6 514.1 690.4 888 995.7 1,131
Net Debt 1 128.2 150.8 2,307 2,067 1,950 2,141 995.7 -195.6
Reference price 2 139.39 162.64 158.41 244.95 317.77 336.53 336.53 336.53
Nbr of stocks (in thousands) 135,384 136,592 138,187 138,598 139,206 139,757 - -
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.($)
53.45x7.76x27.29x0.07% 39.72B
34.48x3.79x17.19x1.2% 166B
48.27x10.8x33.49x0.2% 106B
32.79x9.22x17.58x-.--% 65.56B
20.22x2.13x11.19x1.3% 22.48B
38.22x5.84x26.01x0.17% 22.03B
189.5x - - - 15.02B
20.8x1.57x11.26x-.--% 8.28B
46.79x - - - 8.04B
50.93x3.08x16.05x - 4.68B
Average 53.55x 5.52x 20.01x 0.42% 45.7B
Weighted average by Cap. 43.78x 6.65x 22.15x 0.59%

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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