HEICO CORP's gross profit margin for the third quarter of its fiscal year 2014 is essentially unchanged when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the industry, the net income growth has not. HEICO CORP has average liquidity. Currently, the Quick Ratio is 1.25 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
During the same period, stockholders' equity ("net worth") has increased by 16.37% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
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|Income Statement||Q3 FY14||Q3 FY13|
|Net Sales ($mil)||291.03||267.13|
|Net Income ($mil)||33.37||28.95|
|Balance Sheet||Q3 FY14||Q3 FY13|
|Cash & Equiv. ($mil)||20.94||12.77|
|Total Assets ($mil)||1507.12||1386.67|
|Total Debt ($mil)||386.33||319.54|
|Profitability||Q3 FY14||Q3 FY13|
|Gross Profit Margin||39.67||40.07|
|Return on Assets||7.89||6.95|
|Return on Equity||17.69||16.68|
|Debt||Q3 FY14||Q3 FY13|
|Share Data||Q3 FY14||Q3 FY13|
|Shares outstanding (mil)||66.5||66.36|
|Div / share||0.06||0.06|
|Book value / share||10.11||8.7|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||176939.0||229897.0|
BUY. HEICO CORP's P/E ratio indicates a premium compared to an average of 19.92 for the Aerospace & Defense industry and a premium compared to the S&P 500 average of 18.06. Conducting a second comparison, its price-to-book ratio of 4.86 indicates a significant premium versus the S&P 500 average of 2.49 and a premium versus the industry average of 4.39. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, HEICO CORP proves to trade at a premium to investment alternatives within the industry.
|HEI 27.93||Peers 19.92||HEI 19.60||Peers 13.52|
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.
HEI is trading at a significant premium to its peers.
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
HEI is trading at a significant premium to its peers.
|HEI 12.64||Peers 18.05||HEI 0.21||Peers 1.14|
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.
HEI is trading at a discount to its peers.
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
HEI trades at a significant discount to its peers.
|HEI 4.86||Peers 4.39||HEI 22.22||Peers 78.19|
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
HEI is trading at a premium to its peers.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, HEI is expected to significantly trail its peers on the basis of its earnings growth rate.
|HEI 2.90||Peers 1.47||HEI 16.99||Peers 3.56|
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
HEI is trading at a significant premium to its industry.
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.
HEI has a sales growth rate that significantly exceeds its peers.
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