HEICO Financials

HEI-A Stock  USD 214.48  1.09  0.51%   
Based on the analysis of HEICO's profitability, liquidity, and operating efficiency, HEICO may be sliding down financialy. It has an above-average chance of going through some form of financial crunch next quarter. At present, HEICO's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Short and Long Term Debt Total is expected to grow to about 3 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 121.7 M. Key indicators impacting HEICO's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.080.12
Way Down
Slightly volatile
Return On Assets0.05710.0505
Moderately Up
Slightly volatile
Return On Equity0.0960.12
Significantly Down
Slightly volatile
Debt Equity Ratio0.950.91
Sufficiently Up
Very volatile
Operating Income755.1 M719.1 M
Sufficiently Up
Slightly volatile
Current Ratio3.773.21
Fairly Up
Pretty Stable
The financial analysis of HEICO is a critical element in measuring its lifeblood. Investors should not minimize HEICO's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

487.34 Million

  
Understanding current and past HEICO Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of HEICO's financial statements are interrelated, with each one affecting the others. For example, an increase in HEICO's assets may result in an increase in income on the income statement.
Please note, the presentation of HEICO's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, HEICO's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of HEICO's management manipulating its earnings.

HEICO Stock Summary

HEICO competes with Vertical Aerospace, Embraer SA, Rocket Lab, Transdigm Group, and L3Harris Technologies. HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. HEICO Corporation was incorporated in 1957 and is headquartered in Hollywood, Florida. Heico operates under Aerospace Defense classification in the United States and is traded on NYQ Exchange. It employs 5600 people.
Specialization
Industrials, Aerospace & Defense
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS4228062083
Business Address3000 Taft Street,
SectorAerospace & Defense
IndustryIndustrials
BenchmarkDow Jones Industrial
Websitewww.heico.com
Phone954 987 4000
CurrencyUSD - US Dollar

HEICO Key Financial Ratios

HEICO Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets3.5B3.5B4.1B7.2B8.3B8.7B
Other Current Liab205.5M281.4M216.8M377.9M434.6M456.4M
Net Debt333.0M128.2M150.8M2.3B2.7B2.8B
Retained Earnings1.7B1.9B2.3B2.6B3.0B3.1B
Cash406.9M108.3M139.5M171.0M196.7M206.5M
Net Receivables270.9M325.0M388.8M620.8M713.9M749.6M
Inventory463.2M478.1M582.5M1.0B1.2B1.2B
Other Current Assets24.7M26.0M41.9M49.8M57.3M60.2M
Total Liab1.5B1.2B1.1B3.6B4.2B4.4B
Total Current Assets1.2B937.4M1.2B1.9B2.1B2.2B
Short Term Debt15.2M15.4M16.3M38.3M44.0M46.3M
Intangible Assets579.0M582.3M733.3M1.4B1.6B1.6B
Accounts Payable76.2M85.5M116.6M205.9M236.8M248.6M
Common Stock1.4M1.4M1.4M1.4M1.6M1.7M
Good Will1.4B1.5B1.7B3.3B3.8B4.0B
Net Tangible Assets18.0M264.2M528.0M(1.5B)(1.3B)(1.3B)
Warrants132.0M188.3M252.6M327.6M376.7M395.6M
Long Term Debt Total531.6M561.0M235.0M288.6M259.8M339.6M
Capital Surpluse321.0M284.6M320.7M397.3M456.9M338.3M

HEICO Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense13.2M7.3M6.4M73.0M83.9M88.1M
Total Revenue1.8B1.9B2.2B3.0B3.4B3.6B
Gross Profit682.1M727.4M862.8M1.2B1.3B1.4B
Operating Income376.6M392.9M496.8M625.3M719.1M755.1M
Ebit378.0M394.3M497.4M628.3M722.5M758.6M
Ebitda465.7M486.2M592.7M756.8M870.3M913.8M
Cost Of Revenue1.1B1.1B1.3B1.8B2.1B2.2B
Income Before Tax364.9M387.1M491.0M555.3M638.6M670.5M
Net Income314.0M304.2M351.7M403.6M464.1M487.3M
Income Tax Expense29M57.3M100.4M110.9M127.5M133.9M
Research Development65.6M68.9M76.1M95.8M110.1M60.6M
Minority Interest251.6M25.5M38.9M(40.8M)(46.9M)(44.6M)
Tax Provision29M57.3M100.4M110.9M127.5M84.9M
Net Interest Income(13.2M)(7.3M)(6.4M)(73.0M)(65.7M)(62.4M)

HEICO Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory(28.3M)(10.1M)(89.2M)(124.8M)(112.3M)(106.7M)
Change In Cash349.9M(298.6M)31.2M31.5M36.3M38.1M
Free Cash Flow386.2M407.9M435.9M399.3M459.2M482.2M
Depreciation88.6M93.0M96.3M130.0M149.5M157.0M
Other Non Cash Items31.6M21.6M10.7M8.3M9.6M5.3M
Dividends Paid21.6M23.0M24.5M27.4M31.5M33.0M
Capital Expenditures22.9M36.2M32.0M49.4M56.8M59.7M
Net Income335.9M329.8M390.6M444.4M511.0M536.6M
End Period Cash Flow406.9M108.3M139.5M171.0M196.7M206.5M
Change Receivables(28.6M)(29.0M)(27.3M)(29.3M)(26.3M)(27.7M)
Net Borrowings177M(505M)49.0M2.2B2.5B2.6B
Change To Netincome40.3M40.5M13.9M18.9M21.8M22.9M
Investments(199.0M)(183.5M)(395.8M)(2.5B)(2.2B)(2.1B)

HEICO Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining HEICO's current stock value. Our valuation model uses many indicators to compare HEICO value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across HEICO competition to find correlations between indicators driving HEICO's intrinsic value. More Info.
HEICO is rated below average in return on equity category among its peers. It is rated # 3 in return on asset category among its peers reporting about  0.54  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for HEICO is roughly  1.84 . At present, HEICO's Return On Equity is projected to slightly decrease based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the HEICO's earnings, one of the primary drivers of an investment's value.

HEICO Systematic Risk

HEICO's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. HEICO volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on HEICO correlated with the market. If Beta is less than 0 HEICO generally moves in the opposite direction as compared to the market. If HEICO Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one HEICO is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of HEICO is generally in the same direction as the market. If Beta > 1 HEICO moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in HEICO Stock are looking for potential investment opportunities by analyzing not only static indicators but also various HEICO's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of HEICO growth as a starting point in their analysis.

Price Earnings To Growth Ratio

4.81

At present, HEICO's Price Earnings To Growth Ratio is projected to slightly decrease based on the last few years of reporting.

HEICO November 26, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of HEICO help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of HEICO. We use our internally-developed statistical techniques to arrive at the intrinsic value of HEICO based on widely used predictive technical indicators. In general, we focus on analyzing HEICO Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build HEICO's daily price indicators and compare them against related drivers.

Complementary Tools for HEICO Stock analysis

When running HEICO's price analysis, check to measure HEICO's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HEICO is operating at the current time. Most of HEICO's value examination focuses on studying past and present price action to predict the probability of HEICO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HEICO's price. Additionally, you may evaluate how the addition of HEICO to your portfolios can decrease your overall portfolio volatility.
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