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Heico (BSP:H1EI34) Cyclically Adjusted Price-to-FCF : 64.45 (As of May. 20, 2024)


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What is Heico Cyclically Adjusted Price-to-FCF?

As of today (2024-05-20), Heico's current share price is R$106.98. Heico's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was R$1.66. Heico's Cyclically Adjusted Price-to-FCF for today is 64.45.

The historical rank and industry rank for Heico's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:H1EI34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 25.6   Med: 49.2   Max: 76.83
Current: 62.94

During the past years, Heico's highest Cyclically Adjusted Price-to-FCF was 76.83. The lowest was 25.60. And the median was 49.20.

BSP:H1EI34's Cyclically Adjusted Price-to-FCF is ranked worse than
67.92% of 106 companies
in the Aerospace & Defense industry
Industry Median: 34.915 vs BSP:H1EI34: 62.94

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Heico's adjusted free cash flow per share data for the three months ended in Jan. 2024 was R$0.346. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is R$1.66 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Heico Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Heico's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Heico Cyclically Adjusted Price-to-FCF Chart

Heico Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 61.07 52.64 60.43 52.18 47.19

Heico Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 53.73 52.76 53.64 47.19 51.61

Competitive Comparison of Heico's Cyclically Adjusted Price-to-FCF

For the Aerospace & Defense subindustry, Heico's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Heico's Cyclically Adjusted Price-to-FCF Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Heico's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Heico's Cyclically Adjusted Price-to-FCF falls into.



Heico Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Heico's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=106.98/1.66
=64.45

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Heico's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Heico's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=0.346/130.1244*130.1244
=0.346

Current CPI (Jan. 2024) = 130.1244.

Heico Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.030 100.023 0.039
201407 0.114 100.520 0.148
201410 0.110 100.176 0.143
201501 0.050 98.604 0.066
201504 0.069 99.824 0.090
201507 0.127 100.691 0.164
201510 0.140 100.346 0.182
201601 0.121 99.957 0.158
201604 0.128 100.947 0.165
201607 0.153 101.524 0.196
201610 0.190 101.988 0.242
201701 0.117 102.456 0.149
201704 0.080 103.167 0.101
201707 0.176 103.278 0.222
201710 0.242 104.070 0.303
201801 0.104 104.578 0.129
201804 0.074 105.708 0.091
201807 0.293 106.324 0.359
201810 0.296 106.695 0.361
201901 0.119 106.200 0.146
201904 0.347 107.818 0.419
201907 0.346 108.250 0.416
201910 0.346 108.577 0.415
202001 0.224 108.841 0.268
202004 0.462 108.173 0.556
202007 0.338 109.318 0.402
202010 0.428 109.861 0.507
202101 0.357 110.364 0.421
202104 0.390 112.673 0.450
202107 0.433 115.183 0.489
202110 0.418 116.696 0.466
202201 0.278 118.619 0.305
202204 0.308 121.978 0.329
202207 0.549 125.002 0.571
202210 0.517 125.734 0.535
202301 0.247 126.223 0.255
202304 0.242 127.992 0.246
202307 0.463 128.974 0.467
202310 0.482 129.810 0.483
202401 0.346 130.124 0.346

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Heico  (BSP:H1EI34) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Heico Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Heico's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Heico (BSP:H1EI34) Business Description

Industry
Address
3000 Taft Street, Hollywood, FL, USA, 33021
Heico is an aerospace and defense supplier that focuses on creating niche replacement parts for commercial aircraft and components for defense products. In commercial aerospace, Heico is the largest independent producer of replacement aircraft parts, primarily for engines. In the defense market, the company produces niche subcomponents used in targeting technology as well as simulation equipment, among other things. It operates as two segments: the flight support group,or FSG, and the electronic technologies group, or ETG, both of which supply the aerospace and defense sectors to different degrees. The company is highly acquisitive, focusing on companies in similar or adjacent markets that are generating strong cash flow with the potential for growth.

Heico (BSP:H1EI34) Headlines

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