| HEI-A Stock | | | USD 215.42 0.74 0.34% |
Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out
HEICO Piotroski F Score and
HEICO Valuation analysis.
For information on how to trade HEICO Stock refer to our
How to Trade HEICO Stock guide.
At present, HEICO's
Net Invested Capital is projected to increase significantly based on the last few years of reporting. The current year's
Capital Expenditures is expected to grow to about 59.7
M, whereas
Capital Surpluse is forecasted to decline to about 338.3
M. At present, HEICO's
Depreciation And Amortization is projected to increase significantly based on the last few years of reporting. The current year's
Interest Expense is expected to grow to about 88.1
M, whereas
Total Other Income Expense Net is projected to grow to (59.9
M).
HEICO Company Z Score Analysis
HEICO's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
| First Factor | = | 1.2 * ( | Working Capital | / | Total Assets ) |
|
| Second Factor | = | 1.4 * ( | Retained Earnings | / | Total Assets ) |
|
| Thrid Factor | = | 3.3 * ( | EBITAD | / | Total Assets ) |
|
| Fouth Factor | = | 0.6 * ( | Market Value of Equity | / | Total Liabilities ) |
|
| Fifth Factor | = | 0.99 * ( | Revenue | / | Total Assets ) |
|
HEICO Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for HEICO is extremely important. It helps to project a fair market value of HEICO Stock properly, considering its historical
fundamentals such as Z Score. Since HEICO's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of HEICO's historical
financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of HEICO's interrelated accounts and indicators.
Click cells to compare fundamentals
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
According to the company's disclosures, HEICO has a Z Score of 0.0. This is 100.0% lower than that of the Aerospace & Defense sector and 100.0% lower than that of the
Industrials industry. The z score for all United States stocks is 100.0% higher than that of the company.
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HEICO Fundamentals
About HEICO Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze HEICO's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of HEICO using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at
the intrinsic value of HEICO based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing
financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether HEICO offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of HEICO's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Heico Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Heico Stock: Please note, there is a significant difference between HEICO's value and its price as these two are different measures arrived at by different means. Investors typically determine if HEICO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HEICO's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.