Hide

FocusBar

FeedbackFeedback
Subscribe to Premium Member
49.91 (1y: +18%)
Market Cap 2.62 B P/E(ttm) 23.30
Enterprise Value 2.85 B P/B 3.20
HEI- NYSE (USA)
Heico Corporation
  • Currently 3.5/5
Business Predictability Rank: 3.5-Star
Back Testing Results:
Average gain of all 3.5-Star stocks: 9.3% per year.
% of Stocks that are in still loss if held for 10yrs: 9%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$49.91
Switch to:

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry		 vs
history
Cash to Debt 0.163
HEI's Cash to Debt is ranked lower than
781249% of the 128 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.67 vs. HEI: 0.163 )
HEI' s 10-Year Cash to Debt Range
Min: 0.01   Max: 0.46
Current: 0.16
0.01
0.46
Equity to Asset -0.067
HEI's Equity to Asset is ranked lower than
1075268% of the 93 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.40 vs. HEI: -0.067 )
HEI' s 10-Year Equity to Asset Range
Min: -0.07   Max: 0.1
Current: -0.07
-0.07
0.1
Interest Coverage 67.1
HEI's Interest Coverage is ranked lower than
999999% of the 100 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 15.60 vs. HEI: 67.1 )
HEI' s 10-Year Interest Coverage Range
Min: 8   Max: 975
Current: 67.1
8
975
F-Score: 6
Z-Score: 3.93
M-Score: -2.81
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry		 vs
history
Operating margin (%) 18.20
HEI's Operating margin (%) is ranked lower than
900900% of the 111 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 8.90 vs. HEI: 18.20 )
HEI' s 10-Year Operating margin (%) Range
Min: 13   Max: 23.3
Current: 18.2
13
23.3
Net-margin (%) 9.5
HEI's Net-margin (%) is ranked lower than
943395% of the 106 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 6.20 vs. HEI: 9.5 )
HEI' s 10-Year Net-margin (%) Range
Min: 6.9   Max: 13
Current: 9.5
6.9
13
ROE (%) 13.8
HEI's ROE (%) is ranked lower than
952380% of the 105 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 12.40 vs. HEI: 13.8 )
HEI' s 10-Year ROE (%) Range
Min: 5.5   Max: 15.5
Current: 13.8
5.5
15.5
ROA (%) 7.1
HEI's ROA (%) is ranked lower than
943395% of the 106 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 4.80 vs. HEI: 7.1 )
HEI' s 10-Year ROA (%) Range
Min: 3.7   Max: 9.3
Current: 7.1
3.7
9.3
ROC (Joel Greenblatt) (%) 55.20
HEI's ROC (Joel Greenblatt) (%) is ranked lower than
952380% of the 105 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 20.50 vs. HEI: 55.20 )
HEI' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 20.1   Max: 56.9
Current: 55.2
20.1
56.9
Revenue Growth (%) 13.4
HEI's Revenue Growth (%) is ranked lower than
1282050% of the 78 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 6.50 vs. HEI: 13.4 )
HEI' s 10-Year Revenue Growth (%) Range
Min: -3.9   Max: 22.5
Current: 13.4
-3.9
22.5
EBITDA Growth (%) 16.7
HEI's EBITDA Growth (%) is ranked lower than
1515150% of the 66 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 11.30 vs. HEI: 16.7 )
HEI' s 10-Year EBITDA Growth (%) Range
Min: -13.2   Max: 26.1
Current: 16.7
-13.2
26.1
EPS Growth (%) 17.3
HEI's EPS Growth (%) is ranked lower than
1785713% of the 56 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 11.50 vs. HEI: 17.3 )
HEI' s 10-Year EPS Growth (%) Range
Min: -19.6   Max: 27.4
Current: 17.3
-19.6
27.4
» HEI's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

HEI Guru Trades in Q2 2012

Mario Gabelli 53,904 sh (+25%)
Chuck Royce 1,650,622 sh (+25%)
Jim Simons 346,352 sh (+18.54%)
Paul Tudor Jones Sold Out
Steven Cohen Sold Out
» More
Q3 2012

HEI Guru Trades in Q3 2012

Chuck Royce 1,650,622 sh (unchged)
Mario Gabelli 53,904 sh (unchged)
Jim Simons 268,652 sh (-22.43%)
» More
Q4 2012

HEI Guru Trades in Q4 2012

Chuck Royce 1,650,622 sh (unchged)
Mario Gabelli 53,633 sh (-0.5%)
Jim Simons 162,052 sh (-39.68%)
» More
Q1 2013

HEI Guru Trades in Q1 2013

Joel Greenblatt 18,530 sh (New)
Mario Gabelli 53,633 sh (unchged)
Chuck Royce 1,550,622 sh (-6.06%)
Jim Simons 71,399 sh (-55.94%)
» More
» Details

Insider Trades

Latest Guru Trades with HEI

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2013-03-31 New Buy0.04%$43.1 - $47.09 $ 49.9110%18530
Mario Gabelli 2012-06-30 Add 25%$36.87 - $51.8 $ 49.9118%53904
Joel Greenblatt 2011-12-31 Sold Out 0.04%$46.07 - $60.88 $ 49.91-11%0
Joel Greenblatt 2011-09-30 New Buy0.04%$41.36 - $57.74 $ 49.91-3%4601
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 23.30
HEI's P/E(ttm) is ranked lower than
223% of the 110 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 16.60 vs. HEI: 23.30 )
HEI' s 10-Year P/E(ttm) Range
Min: 7.91   Max: 29.86
Current: 23.3
7.91
29.86
P/B 3.20
HEI's P/B is ranked lower than
204% of the 120 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.00 vs. HEI: 3.20 )
HEI' s 10-Year P/B Range
Min: 0.65   Max: 3.36
Current: 3.2
0.65
3.36
P/S 2.21
HEI's P/S is ranked lower than
191% of the 128 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.91 vs. HEI: 2.21 )
HEI' s 10-Year P/S Range
Min: 0.79   Max: 2.48
Current: 2.21
0.79
2.48
PFCF 16.04
HEI's PFCF is ranked lower than
272% of the 90 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 16.10 vs. HEI: 16.04 )
HEI' s 10-Year PFCF Range
Min: 6.88   Max: 118.4
Current: 16.04
6.88
118.4
EV-to-EBIT 13.43
HEI's EV-to-EBIT is ranked lower than
221% of the 111 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 14.39 vs. HEI: 13.43 )
HEI' s 10-Year EV-to-EBIT Range
Min: 5.4   Max: 20.5
Current: 13.43
5.4
20.5
PEG 1.61
HEI's PEG is ranked lower than
371% of the 66 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.80 vs. HEI: 1.61 )
HEI' s 10-Year PEG Range
Min: 0.33   Max: 10.23
Current: 1.61
0.33
10.23
Shiller P/E 32.57
HEI's Shiller P/E is ranked lower than
100% of the Companies
in the Global Aerospace & Defense industry.

( Industry Median: vs. HEI: 32.57 )
HEI' s 10-Year Shiller P/E Range
Min: 13.3   Max: 44.93
Current: 32.57
13.3
44.93

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 0.24
HEI's Dividend Yield is ranked lower than
1282050% of the 78 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.82 vs. HEI: 0.24 )
HEI' s 10-Year Dividend Yield Range
Min: 0.13   Max: 0.64
Current: 0.24
0.13
0.64
Dividend Payout 0.1
HEI's Dividend Payout is ranked lower than
408% of the 60 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.30 vs. HEI: 0.1 )
HEI' s 10-Year Dividend Payout Range
Min: 0.03   Max: 0.09
Current: 0.1
0.03
0.09
Dividend growth (3y) 15.4
HEI's Dividend growth (3y) is ranked lower than
3333330% of the 30 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 12.00 vs. HEI: 15.4 )
HEI' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 21.3
Current: 15.4
0
21.3
Yield on cost (5-Year) 0.50
HEI's Yield on cost (5-Year) is ranked lower than
1234567% of the 81 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.08 vs. HEI: 0.50 )
HEI' s 10-Year Yield on cost (5-Year) Range
Min: 0.33   Max: 1.61
Current: 0.5
0.33
1.61
Share Buyback Rate -0.2
HEI's Share Buyback Rate is ranked lower than
3999996% of the 25 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.60 vs. HEI: -0.2 )
HEI' s 10-Year Share Buyback Rate Range
Min: 0   Max: -2
Current: -0.2

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 11.2
HEI's Price/Net Current Asset Value is ranked lower than
221% of the 111 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 6.70 vs. HEI: 11.2 )
HEI' s 10-Year Price/Net Current Asset Value Range
Min: 3.7   Max: 10.8
Current: 11.2
3.7
10.8
Price/DCF (Projected) 1.1
HEI's Price/DCF (Projected) is ranked lower than
345% of the 71 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.30 vs. HEI: 1.1 )
HEI' s 10-Year Price/DCF (Projected) Range
Min: 0.8   Max: 20.7
Current: 1.1
0.8
20.7
Price/Median PS Value 1.2
HEI's Price/Median PS Value is ranked lower than
194% of the 126 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.00 vs. HEI: 1.2 )
HEI' s 10-Year Price/Median PS Value Range
Min: 0.5   Max: 1.3
Current: 1.2
0.5
1.3
Price/Peter Lynch Fair Value 1.8
HEI's Price/Peter Lynch Fair Value is ranked lower than
628% of the 39 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.40 vs. HEI: 1.8 )
HEI' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.6   Max: 2.1
Current: 1.8
0.6
2.1
Earnings Yield (Greenblatt) 7.40
HEI's Earnings Yield (Greenblatt) is ranked lower than
869564% of the 115 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 6.90 vs. HEI: 7.40 )
HEI' s 10-Year Earnings Yield (Greenblatt) Range
Min: 4.9   Max: 18.3
Current: 7.4
4.9
18.3
Forward Rate of Return (Yacktman) 15.75
HEI's Forward Rate of Return (Yacktman) is ranked lower than
1449274% of the 69 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 10.84 vs. HEI: 15.75 )
HEI' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -19.5   Max: 40.7
Current: 15.75
-19.5
40.7

Business Description

Heico Corporation was originally organized in 1957 as a holding company known as HEICO Corporation. As part of a reorganization completed in 1993, the original holding company (formerly known as HEICO Corporation) was renamed as HEICO Aerospace Corporation and a new holding corporation known as HEICO Corporation was created. The Company through its subsidiaries is a manufacturer of Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company's business is comprised of two operating segments: The Flight Support Group; and The Flight Support Group. The Flight Support Group uses proprietary technology to design and manufacture jet engine and aircraft component replacement parts for sale at lower prices than those manufactured by OEMs. These parts are approved by the FAA and are the functional equivalent of parts sold by OEMs. In addition, the Flight Support Group repairs and distributes jet engine and aircraft components, avionics and instruments for domestic and foreign commercial air carriers and aircraft repair companies as well as military and business aircraft operators; and manufactures thermal insulation products and other component parts mainly for aerospace, defense and commercial applications. The Electronic Technologies Group engages in the design, manufacture and sell various types of electronic, microwave and electro-optical products, including infrared simulation and test equipment, laser rangefinder receivers, electrical power supplies, back-up power supplies, power conversion products, underwater locator beacons, electromagnetic interference and radio frequency interference shielding, high power capacitor charging power supplies, amplifiers, photodetectors, amplifier modules, flash lamp drivers, laser diode drivers, arc lamp power supplies, custom power supply designs, cable assemblies, high voltage interconnection devices and wire, high voltage energy generators, high frequency power delivery systems and high-speed interface products that link devices such as telemetry receivers, digital cameras, high resolution scanners, simulation systems and test systems to almost any computer. It purchases a variety of raw materials, mainly consisting of high temperature alloy sheet metal and castings, forgings, pre-plated metals and electrical components from various vendors. The aerospace product and service industry is characterized by intense competition. The FAA regulates the manufacture, repair and operation of all aircraft and aircraft parts operated in the United States.
Company Website
SEC Reports
Industry: Aerospace & Defense
Compare:BA, ERJ, EADSY, RYCEY, HON
Traded in other countries:HC1.Germany
» More Articles for HEI

Headlines

Articles On GuruFocus.com
11 Dividend Challengers With Highest Dividend Payout Potential Aug 15 2012 
Weekly Guru Bargains Highlights: IAG, DECK, SEE, HEI, TEF Aug 11 2012 
4 Overlooked Aerospace Stocks to Buy, 2 to Avoid Dec 19 2011 
Dual-Class Arbitrage Idea 4 – Heico Oct 12 2011 
Dividend Roundup: HST, PFLT, HEI, BBY, CASY Jun 15 2011 
HEICO Corp. Reports Operating Results (10-K) Dec 22 2010 
HEICO Corp. Reports Operating Results (10-K) Dec 23 2009 
HEICO Corp. Reports Operating Results (10-Q) Mar 04 2009 

More From Our Partners
UPDATE: DA Davidson Raises PT on HEICO Due to Strong Organic Growth May 24 2013 - BENZINGA

Personalized Checklist





Within your circle of competence?
Macro economic environment favorable?
High quality business?
Enough margin of safety with stocks?
Gurus are buying?
Insiders are buying?
Management capable and shareholder friendly?
Catalyst for stock price to appreciate?
Your level of confidence with the research?

GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names
Free 7-day Trial