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GuruFocus Financial Strength Rank measures how strong a companyย’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 : 7/10

vs
industry
vs
history
Cash to Debt 0.163
HEI.A's Cash to Debt is ranked lower than
70% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.76 vs. HEI.A: 0.163 )
HEI.A' 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.A's Equity to Asset is ranked lower than
85% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.34 vs. HEI.A: -0.067 )
HEI.A' 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.A's Interest Coverage is ranked higher than
55% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 26.35 vs. HEI.A: 67.1 )
HEI.A' s 10-Year Interest Coverage Range
Min: 8   Max: 975
Current: 67.1

8
975
F-Score: 6
Z-Score: 3.81
M-Score: -2.81
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’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.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

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.A's Operating margin (%) is ranked higher than
91% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 7.45 vs. HEI.A: 18.20 )
HEI.A' s 10-Year Operating margin (%) Range
Min: 13   Max: 23.3
Current: 18.2

13
23.3
Net-margin (%) 9.5
HEI.A's Net-margin (%) is ranked higher than
76% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 5.20 vs. HEI.A: 9.5 )
HEI.A' s 10-Year Net-margin (%) Range
Min: 6.9   Max: 13
Current: 9.5

6.9
13
ROE (%) 13.8
HEI.A's ROE (%) is ranked higher than
62% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 12.60 vs. HEI.A: 13.8 )
HEI.A' s 10-Year ROE (%) Range
Min: 5.5   Max: 15.5
Current: 13.8

5.5
15.5
ROA (%) 7.1
HEI.A's ROA (%) is ranked higher than
76% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 4.80 vs. HEI.A: 7.1 )
HEI.A' s 10-Year ROA (%) Range
Min: 3.7   Max: 9.3
Current: 7.1

3.7
9.3
ROC (Joel Greenblatt) (%) 55.20
HEI.A's ROC (Joel Greenblatt) (%) is ranked higher than
86% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 20.00 vs. HEI.A: 55.20 )
HEI.A' 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.A's Revenue Growth (%) is ranked higher than
88% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 3.85 vs. HEI.A: 13.4 )
HEI.A' s 10-Year Revenue Growth (%) Range
Min: -3.9   Max: 22.5
Current: 13.4

-3.9
22.5
EBITDA Growth (%) 16.7
HEI.A's EBITDA Growth (%) is ranked higher than
89% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 4.60 vs. HEI.A: 16.7 )
HEI.A' s 10-Year EBITDA Growth (%) Range
Min: -13.2   Max: 26.1
Current: 16.7

-13.2
26.1
EPS Growth (%) 17.3
HEI.A's EPS Growth (%) is ranked higher than
85% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 4.75 vs. HEI.A: 17.3 )
HEI.A' s 10-Year EPS Growth (%) Range
Min: -19.6   Max: 27.4
Current: 17.3

-19.6
27.4
ยป HEI.A's 10-Y Financials

Financials


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

» Details

Guru Trades

Q2 2012

HEI.A Guru Trades in Q2 2012

RS Investment Management 626,417 sh (+30.66%)
Columbia Wanger 4,206,700 sh (+29.14%)
Chuck Royce 3,379,599 sh (+20.33%)
Jim Simons 30,862 sh (-33.27%)
» More
Q3 2012

HEI.A Guru Trades in Q3 2012

Columbia Wanger 4,259,700 sh (+1.26%)
Chuck Royce 3,137,349 sh (-7.17%)
RS Investment Management 577,057 sh (-7.88%)
Jim Simons 18,262 sh (-40.83%)
» More
Q4 2012

HEI.A Guru Trades in Q4 2012

RS Investment Management 841,323 sh (+45.8%)
Columbia Wanger 4,254,700 sh (-0.12%)
Jim Simons 15,414 sh (-15.6%)
Chuck Royce 2,038,591 sh (-35.02%)
» More
Q1 2013

HEI.A Guru Trades in Q1 2013

RS Investment Management 953,855 sh (+13.38%)
Columbia Wanger 4,346,700 sh (+2.16%)
Chuck Royce 1,862,111 sh (-8.66%)
Jim Simons 6,450 sh (-58.15%)
» More
» Details

Insider Trades

Latest Guru Trades with HEI.A

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ron Baron 2010-03-31 Sold Out 0.16%$32.94 - $39.2 $ 35.79-1%0
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry
vs
history
P/E(ttm) 22.40
HEI.A's P/E(ttm) is ranked lower than
56% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 16.32 vs. HEI.A: 22.40 )
HEI.A' s 10-Year P/E(ttm) Range
Min: 7.91   Max: 29.86
Current: 22.4

7.91
29.86
P/B 3.08
HEI.A's P/B is ranked lower than
72% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.66 vs. HEI.A: 3.08 )
HEI.A' s 10-Year P/B Range
Min: 0.65   Max: 3.36
Current: 3.08

0.65
3.36
P/S 2.13
HEI.A's P/S is ranked lower than
77% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.80 vs. HEI.A: 2.13 )
HEI.A' s 10-Year P/S Range
Min: 0.79   Max: 2.48
Current: 2.13

0.79
2.48
PFCF 15.43
HEI.A's PFCF is ranked higher than
62% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 19.10 vs. HEI.A: 15.43 )
HEI.A' s 10-Year PFCF Range
Min: 6.88   Max: 118.4
Current: 15.43

6.88
118.4
EV-to-EBIT 12.88
HEI.A's EV-to-EBIT is ranked higher than
57% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 12.49 vs. HEI.A: 12.88 )
HEI.A' s 10-Year EV-to-EBIT Range
Min: 5.4   Max: 20.5
Current: 12.88

5.4
20.5
PEG 1.54
HEI.A's PEG is ranked higher than
88% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.78 vs. HEI.A: 1.54 )
HEI.A' s 10-Year PEG Range
Min: 0.33   Max: 10.23
Current: 1.54

0.33
10.23
Shiller P/E 31.32
HEI.A's Shiller P/E is ranked higher than
54% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 15.60 vs. HEI.A: 31.32 )
HEI.A' s 10-Year Shiller P/E Range
Min: 13.3   Max: 44.93
Current: 31.32

13.3
44.93

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.34
HEI.A's Dividend Yield is ranked lower than
51% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.09 vs. HEI.A: 0.34 )
HEI.A' s 10-Year Dividend Yield Range
Min: 0.13   Max: 0.64
Current: 0.34

0.13
0.64
Dividend Payout 0.1
HEI.A's Dividend Payout is ranked higher than
96% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.42 vs. HEI.A: 0.1 )
HEI.A' 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.A's Dividend growth (3y) is ranked higher than
94% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.35 vs. HEI.A: 15.4 )
HEI.A' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 21.3
Current: 15.4

0
21.3
Yield on cost (5-Year) 0.76
HEI.A's Yield on cost (5-Year) is ranked higher than
52% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 2.18 vs. HEI.A: 0.76 )
HEI.A' s 10-Year Yield on cost (5-Year) Range
Min: 0.33   Max: 1.61
Current: 0.76

0.33
1.61
Share Buyback Rate -0.2
HEI.A's Share Buyback Rate is ranked higher than
67% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: -0.80 vs. HEI.A: -0.2 )
HEI.A' 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 10.7
HEI.A's Price/Net Current Asset Value is ranked higher than
89% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 4.30 vs. HEI.A: 10.7 )
HEI.A' s 10-Year Price/Net Current Asset Value Range
Min: 3.7   Max: 10.8
Current: 10.7

3.7
10.8
Price/DCF (Projected) 1.1
HEI.A's Price/DCF (Projected) is ranked higher than
65% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.20 vs. HEI.A: 1.1 )
HEI.A' s 10-Year Price/DCF (Projected) Range
Min: 0.8   Max: 17.5
Current: 1.1

0.8
17.5
Price/Median PS Value 1.2
HEI.A's Price/Median PS Value is ranked higher than
78% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 0.85 vs. HEI.A: 1.2 )
HEI.A' 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.A's Price/Peter Lynch Fair Value is ranked higher than
93% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 1.40 vs. HEI.A: 1.8 )
HEI.A' 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) 7.80
HEI.A's Earnings Yield (Greenblatt) is ranked higher than
66% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 9.10 vs. HEI.A: 7.80 )
HEI.A' s 10-Year Earnings Yield (Greenblatt) Range
Min: 4.9   Max: 18.3
Current: 7.8

4.9
18.3
Forward Rate of Return (Yacktman) 15.88
HEI.A's Forward Rate of Return (Yacktman) is ranked higher than
78% of the 101 Companies
in the Global Aerospace & Defense industry.

( Industry Median: 9.62 vs. HEI.A: 15.88 )
HEI.A' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -26   Max: 40.7
Current: 15.88

-26
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
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