Analyst Note
| Nicolas Owens |Heico reported its fiscal third-quarter earnings broadly consistent with our forecast, and our fair value estimate remains $162 per share.
NYSE: HEI
- Last Close 161.02
- Sector Industrials
- Industry Aerospace & Defense
- Investment Style Mid Growth
- Day Range 160.56 – 162.84
- Year Range 138.82 – 182.18
- Market Cap 22.2509 Bil
- Volume / Avg 345,474.0 / 337,183.4
- Price / Sales 8.45
- Price / Book 7.57
- Forward Div Yield 0.11%
- Trailing Div Yield 0.12%
Morningstar‘s Stock Analysis HEI
Valuation
Currency in —
Is it the right time to buy or sell?
Is it the right time to buy or sell?
1-Star Price
INVESTOR
5-Star Price
INVESTOR
Economic Moat
INVESTOR
Capital Allocation
INVESTOR
Heico Earnings: Wencor Deal Brings Growth and Reinforces Aerospace Parts Moat; Valuation Unchanged
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Company Profile HEI
Business Description
Heico is an aerospace and defense supplier that focuses on creating niche replacement parts for commercial aircraft and components for defense products. In commercial aerospace, Heico is the largest independent producer of replacement aircraft parts, primarily for engines. In the defense market, the company produces niche subcomponents used in targeting technology as well as simulation equipment, among other things. It operates as two segments: the flight support group,or FSG, and the electronic technologies group, or ETG, both of which supply the aerospace and defense sectors to different degrees. The company is highly acquisitive, focusing on companies in similar or adjacent markets that are generating strong cash flow with the potential for growth.
Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of HEI’s competitive advantage.
Heico Corp
XNYS: HEI
| Boeing Co
XNYS: BA
| RTX Corp
XNYS: RTX
| TransDigm Group Inc
XNYS: TDG
| |
Price
| 161.02 | 187.83 | 71.34 | 824.38 |
Currency
| USD | USD | USD | USD |
Change
| −$0.91 (0.56%) | −$3.85 (2.01%) | −$0.63 (0.88%) | −$18.75 (2.22%) |
Market Cap
| 22.25 Bil | 113.30 Bil | 103.84 Bil | 45.49 Bil |
Industry
| Aerospace & Defense | Aerospace & Defense | Aerospace & Defense | Aerospace & Defense |
Sector
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Industrials
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Industrials
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Industrials
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Industrials
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* Trading data in this section is delayed by at least 15 minutes.
FAQs for Heico Corp Stock
Yes. HEI has a forward dividend yield of 0.12%.
See
HEI’s full dividends and stock split history
on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends.
The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.
Learn more about dividend yield.
HEI’s market cap is 22.25 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares.
It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the
largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.
Learn more about market capitalization.
HEI’s stock style is Mid Growth.
Style is an investment factor that has a meaningful impact on investment risk and returns.
Style is calculated by combining value and growth scores, which are first individually calculated.
High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.
Learn more about style.
HEI’s price/sales is 8.45.
Price/sales represents the amount an investor is willing to pay for a dollar generated from
a particular company’s sales or revenues.
HEI’s price/forward earnings is 56.10.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates.
The lower the Forward P/E, the cheaper the stock.
HEI’s price/book is 7.57.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets,
based on historical, rather than current, valuations. Historical valuations generally do not reflect
a company’s current market value. Value investors frequently look for companies that have low price/book ratios.
See HEI’s valuation ratios compared to the Market Index.
HEI’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.
Compare HEI’s historical performance against its industry peers and the overall market.