HEI : NYSE : Industrial Goods
$85.53 | %
Today's Range: 85.11 - 86.26
Avg. Daily Volume: 137100.0
03/24/17 - 4:02 PM ET

Financial Analysis

HEICO CORP's gross profit margin for the first quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. HEICO CORP has average liquidity. Currently, the Quick Ratio is 1.13 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.

During the same period, stockholders' equity ("net worth") has increased by 19.66% 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 Q1 FY17 Q1 FY16
Net Sales ($mil)343.43306.23
EBITDA ($mil)80.3470.54
EBIT ($mil)65.0956.62
Net Income ($mil)40.9331.27

Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)45.9129.89
Total Assets ($mil)2031.421981.5
Total Debt ($mil)417.33594.92
Equity ($mil)1001.79837.17

Profitability Q1 FY17 Q1 FY16
Gross Profit Margin40.9641.18
EBITDA Margin23.3923.03
Operating Margin18.9518.49
Sales Turnover0.70.62
Return on Assets8.166.91
Return on Equity16.5516.36
Debt Q1 FY17 Q1 FY16
Current Ratio2.923.37
Interest Expense1.971.57
Interest Coverage33.0636.13

Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)67.3566.9
Div / share0.090.08
Book value / share14.8712.51
Institutional Own % n/a n/a
Avg Daily Volume136085.0154265.0


BUY. The current P/E ratio indicates a significant premium compared to an average of 22.67 for the Aerospace & Defense industry and a premium compared to the S&P 500 average of 26.33. To use another comparison, its price-to-book ratio of 5.74 indicates a significant premium versus the S&P 500 average of 2.93 and a significant discount versus the industry average of 36.39. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. The valuation analysis reveals that, HEICO CORP seems to be trading at a premium to investment alternatives within the industry.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
HEI 35.14 Peers 22.67   HEI 22.13 Peers 16.80

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.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
HEI 30.80 Peers 20.66   HEI 3.35 Peers 3.90

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

HEI is trading at a significant premium 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 discount to its peers.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
HEI 5.74 Peers 36.39   HEI 20.29 Peers 24.62

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

HEI is trading at a significant discount 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 trail its peers on the basis of its earnings growth rate.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
HEI 4.07 Peers 1.65   HEI 15.22 Peers 5.58

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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