Added to YB: 2024-09-23
Pitch date: 2024-09-20
HEI [neutral]
HEICO Corporation
+17.26%
current return
Author Info
Pari Passu is a Private Equity investor at a major hedge fund who writes about anything they find interesting in investing. Sign up for the newsletter.
Company Info
HEICO Corporation provides aerospace, defense, and electronic related products and services in the United States and internationally.
Market Cap
$36.7B
Pitch Price
$266.22
Price Target
N/A
Dividend
0.08%
EV/EBITDA
32.88
P/E
66.35
EV/Sales
9.18
Sector
Aerospace and Defense
Category
growth
Heico Deep Dive: a Flying Business
HEI (deep dive): Aerospace parts leader since 1974 Jet Avion acquisition. Mendelson family took control in 1990, driving 47,500% total return. Focus on FAA-approved aftermarket parts at 1/3-1/2 OEM prices. Aggressive M&A strategy, including recent $2.05B Wencor acquisition. 22% CAGR over 32 years. Global presence in aerospace industry.
Read full article (6 min)