HEICO Corporation

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $1.03B TTM free cash flow base; 11% annual FCF growth years 1-5, 8% years 6-10; 8.5% discount rate; 3% terminal growth; $2.30B net debt; 139.76M shares outstanding.

Reasoning: HEICO is a high-return aerospace/defense aftermarket-parts and M&A compounder with a long record of double-digit organic plus acquired growth, justifying an above-market growth path; even so, this DCF lands meaningfully below the current trading price, reflecting a view that the market is paying a premium multiple for continued flawless execution and deal flow that a cash-flow-based model does not fully capture.